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What is Crypto Exchange?
A crypto exchange is a platform where you can buy, sell, and trade cryptocurrencies. In India, use an FIU-registered exchange that supports UPI deposits and INR trading.
Full Explanation
A cryptocurrency exchange is a marketplace where users buy, sell, and trade cryptocurrencies. Exchanges come in two types: centralized (CEX), operated by a company that holds user funds, and decentralized (DEX), peer-to-peer trading via smart contracts (like Uniswap). Centralized exchanges require KYC verification, offer fiat on-ramps (INR deposits via UPI/bank transfer), and provide customer support. In India, exchanges must register with FIU-IND (Financial Intelligence Unit).
Example
Indian FIU-registered exchanges offer 100+ coins, UPI or bank deposits and beginner-friendly apps. Check the FIU-IND register before you sign up anywhere.