What is exchange?Exchange
A central marketplace that matches buy and sell orders, such as the NYSE or NASDAQ.
Learn “exchange” in an animated lesson
- Crypto BasicsExchange Custody vs. Self-Custody
Keeping coins on an exchange means handing them to someone else to look after; keeping them in your own wallet means their safety is up to you.
- Crypto BasicsPlacing Orders on an Exchange: Maker and Taker
Buying crypto with USDT on an exchange: a market order fills right away but costs more in fees and may slip; a limit order is cheaper but might not fill.
- Stock BasicsWhat Is a Broker?
Ordinary people can't walk into an exchange and buy stocks. A broker is the middleman that opens your account, sends your orders and holds your shares.
Related terms
See how “exchange” works for yourself with an animation you can drag and play.
Go to “Exchange Custody vs. Self-Custody”