Guest Post by Altcoin Buzz: Best 3 Centralized Exchanges for Cardano | CoinMarketCap

For new crypto users wondering how to purchase crypto, the most common approach is to buy it via exchanges. These exchanges are privately run platforms that make it possible to trade one cryptocurrency for another, as well as for NFTs and fiat currencies.

So, centralized exchanges (CEX) serve as a middleman between buyers and sellers and generate revenue through commissions and transaction fees. You may think of a CEX as a stock exchange for digital assets.