What is an Exchange? An exchange is a platform that allows you to Buy,Sell, Send or receive cryptocurrencies. It is essentially a digital wallet on the internet. It should only be used to trade currencies. When purchases are made that you intend to hold longterm you should consider purchasing a COLD WALLET to store your investments off line. Such as the LEDGER seen in the banner below.
Pros: very simply user interface
You can be paid in crypto for watching short videos.
Cons: There is a limited amount of coins to invest in
You cannot set stop losses
Pros: Can set stop losses for professional trading enviroment.