Cryptocurrency exchange

A cryptocurrency exchange is a platform where users can buy, sell, or trade crypto assets. Some exchanges use order books where buyers and sellers place bids and asks, while others provide a broker-style experience with quoted prices. A cryptocurrency exchange often supports fiat deposits, crypto deposits, trading pairs, market orders, limit orders, withdrawals, account security tools, custody arrangements, and many other tools. The exact model depends on the platform, its regulatory status, supported assets, fee structure, and order execution process.

A Canadian user may deposit Canadian dollars on a cryptocurrency exchange and place a BTC-CAD order to buy Bitcoin directly with CAD.