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Cryptocurrency Exchanges allow you to convert your fiat currency (Dollars, Euros, Yen, etc.) into your desired cryptocurrency.
Many of the most popular cryptos are available to buy directly, but for the more obscure coins, you may need first to buy BTC (bitcoin), then exchange BTC for the crypto of your choice.
There will always be a cost to exchanging one currency for another. In fact, many cryptocurrency traders rely on this arbitrage to make their money, so it’s important to be aware of how much you are paying to exchange one currency for another.
Some crypto exchanges offer a utility coin, which will lower the cost of fees on their exchange. These utility coins can help lower your overall fees, which will assist in raising your potential profits.
Here is a list of exchanges I enjoy using: