These “Blockchain basics” questions all relate in one way or another to a core blockchain service: The Exchange. There are two basic kinds of exchange. Centralized Exchanges and Decentralized Exchanges. If those terms are new to you START HERE. For these followup questions from beginners about Exchanges, we will try to answer in a general way, but in many details we will primarily focus on answers for Cardano (ada) holders.

Can one trade one crypto for another crypto?

Most definitely! The big demystifying concept here is: “Crypto” is just money – a type of currency. Fiat currency is the one most of us use every day – in today’s world, fiat currencies are created and regulated by governments. Crypto…