Exchanges are the crypto form of Forex or Stock Trading websites. Exchanges can be defined or structured as decentralized or centralized systems where different members of the crypto community can trade different types of cryptocurrencies personally. Some of the best practices while navigating an exchange are the use of 2FA, secure internet, trusted personal devices, and your own connection with a VPN.
There are similarities between the stock markets and crypto exchanges as they both use common definitions, indicators, and verbs. Beyond the similarities, there are 2 major differences between these markets.
Stock markets are all centralized and are operated by institutions through fiat currency and has limited trading hours.
Crypto Exchanges provides users the ability to access Decentralized markets, made up of independent enterprises and is accessible round-the-clock activity as exchanges are open 24 hours (including weekends and holidays). The exchanges suspend their activity for required maintenance, continuous security patches, and infrastructure upgrade.