Exchange vs Sell

A platform facilitating cryptocurrency buying, selling, and trading, either through centralized services managing transactions and custody (like Coinbase or Binance) or decentralized protocols enabling peer-to-peer trading through smart contracts without intermediaries (like Uniswap or dYdX).

The act of converting cryptocurrency into traditional currency (fiat) or other cryptocurrencies, resulting in closure of your position and realization of gains or losses based on the difference between purchase and sale prices.