Centralized exchanges let you buy and sell crypto with fiat currency. You’ll need to provide personal information and ID to create an account with a centralized exchange.
The two most popular crypto exchanges are Binance and Coinbase.
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Most popular centralized exchanges
Binance
Binance is a crypto exchange that offers competitive trading fees.
Its famous founder and CEO is Changpeng Zhao, also known as CZ.
Binance offers a lot of options. This is great for seasoned traders, but can be overwhelming when you’re new to crypto.
Some of the options depend on your jurisdiction, but you can generally buy crypto with a debit or credit card, and also trade a million cryptocurrencies (only a slight exaggeration).
You can access Binance from 100+ countries. Learn if yours is supported here: Countries and Regions.
Coinbase
Coinbase is one of the most popular crypto exchanges for newcomers to crypto.
Its famous founder and CEO is Brian Armstrong.
Coinbase is user-friendly and accessible. Fees can be a little higher than other exchanges.
You can buy crypto with fiat and exchange one crypto for another. You can also earn crypto by learning about different networks and protocols with Coinbase Learning Rewards.
Other popular centralized exchanges
Different regions will have different centralized exchanges available. This can also change, depending on crypto regulations in various jurisdictions.