Crypto Basics
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Crypto is home to a number of coin, token and currency exchanges.  

Exchanges can be broken down into a few categories:

  • CEX: Centralized exchange
  • DEX: Decentralized exchange

Terms To Know

KYC: Know your customer. This is the verification process for providers, such as Binance, to confirm the identity of their users.

Fiat: A government issued currency, which is not backed by another asset, such as gold.



Binance is a Cayman Islands-domiciled cryptocurrency exchange that provides a platform for trading various cryptocurrencies founded in 2017. As of April 2021, Binance was the largest cryptocurrency exchange in the world in terms of trading volume. You can read more about Binance at https://www.binance.com/en



1inch is a decentralized exchange, which purports to be a “DeFi / DEX aggregator with the most liquidity and the best rates on Ethereum and Binance Smart Chain, 1inch dApp is an entry point to the 1inch Network’s tech.”

You can read more about 1inch at https://app.1inch.io/


Pancakeswap (PCS)

A smaller exchange, where investors transact, in order to buy BSC projects. You can read more about Pancakeswap at https://academy.binance.com/en/articles/a-guide-to-pancakeswap



CoinTiger is a cryptocurrency exchange, which advertises itself as “CoinTiger offering reliable and convenient trading services, including Spot, Fiat, Futures, and Leveraged Tokens.” You can read more about CoinTiger at https://www.cointiger.com/en-us/

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