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Definition · Markets

O que é Exchange?

A venue matching buyers and sellers. Most are custodial: balances shown are database entries, not coins you control.

Exchanges provide liquidity and price discovery, and they are where most people first acquire bitcoin. Internal transfers between customers never touch the chain.

Leaving coins on an exchange is a custody decision with counterparty risk, whatever the interface implies. It may be a reasonable decision; it should be a conscious one.

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Esta definição faz parte do glossário da Bitcoin Logical. Para a explicação completa, comece por Aprender, ou veja os números ao vivo em O Sinal Bitcoin.