How does bitcoin exchange work?

Exchanging bitcoin for other assets can be accomplished through various platforms and methods, such as cryptocurrency exchanges, peer-to-peer, and for goods and services. Bitcoin is designed to enable value exchange just like cash, but in the digital realm. This means you can trade bitcoin for a great many other assets, and you can do so without using intermediaries like banks or payment apps.

While there are a number of ways to exchange bitcoin for other assets, by far the most common way is through a bitcoin exchange. Bitcoin exchanges are purpose built platforms designed to facilitate easy, fast, and efficient exchange of bitcoin with other assets.

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