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What Is a Cryptocurrency Exchange? A cryptocurrency exchange is a platform where buyers and sellers can trade cryptocurrencies. Cryptocurrency exchanges typically have relatively low fees, but they can have complex interfaces with multiple trade types and performance charts. For new crypto investors, exchanges can be intimidating. However, there are many different exchanges to choose from, and each one has its strengths and weaknesses. Some exchanges are designed for experienced investors, while others are more user-friendly. Ultimately, it is important to do your research and select an exchange that meets your needs. If you're new to cryptocurrency, you might be wondering how to get started. Thankfully, it's not as complicated as it might seem at first. Here are five easy steps to follow if you're interested in buying Bitcoin, Dogecoin, Ethereum, or any other type of cryptocurrency: