š Welcome to Day 4 of the 7-Day Crypto Confidence Challenge! š
Youāve made it to Day 4āamazing progress! š By now, youāve learned about the tools used in the cryptocurrency ecosystem and how to buy cryptocurrency. Today, weāre diving deeper into crypto exchanges, exploring the various types of exchanges, how they operate, and the benefits of using them. Letās gear up to level up your crypto knowledge! šŖ š Day 4 Task: Understanding Crypto Exchanges Your task today is to: 1ļøā£ Learn about the types of cryptocurrency exchanges (centralized, decentralized, and hybrid). 2ļøā£ Understand how exchanges operate to facilitate the buying, selling, and trading of cryptocurrencies. 3ļøā£ Explore the benefits of using exchanges and how to pick the right one for your needs. š„ Your Videos for Today: 1ļøā£ What Are Cryptocurrency Exchanges? - Introduction to Crypto Exchanges - YouTube 2ļøā£ Centralized vs Decentralized Exchanges Explained - Centralized & Decentralized Exchanges - YouTube 3ļøā£ How to Choose a Cryptocurrency Exchange - Choosing the Right Crypto Exchange - YouTube š Hereās What to Do Next: 1ļøā£ Watch the three videos linked above. 2ļøā£ Share THREE things you learned: - A type of exchange you found interesting and why. - A feature or benefit of exchanges that you didnāt know before. - A tip for choosing the right exchange that stood out to you. - 3ļøā£ Take a screenshot of one of the videos while you're watching. - 4ļøā£ Post your screenshot and three key takeaways as a comment below. - 5ļøā£ Type DONE after completing your post to show youāre ready for Day 5! š” Why This Is Important Understanding the differences between centralized, decentralized, and hybrid exchanges will help you decide where to store, trade, and manage your cryptocurrencies. This foundational knowledge is critical as you start navigating the crypto world with confidence. Letās keep this momentum going! š Post your screenshots and key takeaways below, and donāt forget to type DONE to mark your progress.