Category: 4. Where you buy crypto

The standard CEX model takes most of the hard work out of buying crypto as you never actually have any idea of who you are buying from. There is, however, an alternative type of exchange where you can interact directly with a seller (or buyer) of cryptocurrency – called P2P (peer-to-peer). This approach is a…

As mentioned above, the most common model is a Centralised Exchange (CEX).  The main reason for this is that in order for an Exchange to sell cryptocurrency, customers need to deposit regular (fiat) money from a bank, credit card or e-wallet – all centralised and regulated financial services.  For this reason, the majority of exchanges are…

Though cryptocurrency itself is decentralised – as explained in our basics of cryptocurrency section – the standard model for exchanges is a centralised one, which is why you’ll see the acronym CEX – Centralised Exchange.  This is a big point of debate within the crypto community because using a CEX is a custodial option – remember ‘Not…

Given the growing popularity of cryptocurrency there are an increasing number of exchanges to choose from. You’ll find that even the most credible exchanges struggle when demand is particularly intense, so try and plan the process of choosing an exchange, rather than reacting to the next big price rise. To make that decision easier we…

What you’ll learn What is a Cryptocurrency Exchange? Factors to consider in choosing an Exchange How an Exchange works Different Exchange models If you’ve read the previous two articles in this section you’ll know what a crypto wallet is, how to set one up and send/receive cryptocurrency. In order to buy cryptocurrency – the next…