# Crypto 101-3- Exchange

By [Lily Yin ](https://paragraph.com/@lily-yin) · 2023-05-19

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Current ChatGPT only update to 2021.0

**What is the difference between traditional and crypto exchange?**

![](https://storage.googleapis.com/papyrus_images/ecd17ce93d89f3e9c405edc6c67288a3260976d109f2a9b75ba8730e094329c2.png)

![](https://storage.googleapis.com/papyrus_images/26132cb7532a9f618a6875128eeb3be56da994f9a5c4be7a6f5f237254bd9c21.png)

![](https://storage.googleapis.com/papyrus_images/b09057c06ef9c2b6866d09f04a6229f49ee069f4cf36e2a44ee85e41cac7bb41.png)

![](https://storage.googleapis.com/papyrus_images/4ff9a46877a027f06cdefb1645c07ea7e47017bc21abdf3956743168c3ebe38e.png)

![](https://storage.googleapis.com/papyrus_images/5f19101ac34ede54874d0dbdb04825f4c293420a23aa4a19d921fcd9ed0a34fb.png)

![](https://storage.googleapis.com/papyrus_images/fd1231a3ae5f1d04d4b384b1143bf422c84d13b1840b8210311c33e76e26f639.png)

![](https://storage.googleapis.com/papyrus_images/f496576a6c792d2a7ea24a47e647f4a7525361575ce359f9c3361afd43a6d278.png)

![](https://storage.googleapis.com/papyrus_images/55c65ab41ff44a49cdfdff02995f0a85d2593b4792dd74aa49006f2b3cef027c.png)

![](https://storage.googleapis.com/papyrus_images/a8b90a6a5ab89f8ec232a90cb13f575cea2209173ffb5e55eadaa078a055f09b.png)

![](https://storage.googleapis.com/papyrus_images/ce845a201bbdae52c3b5d40c61bc3d4a68b02b02482d5f062f23273c59cc0b27.png)

![](https://storage.googleapis.com/papyrus_images/b6644bda608f94d723bc2cb9b7d4a72de0564e66dbd08cbfbca8d2a7cdbfc30a.png)

![](https://storage.googleapis.com/papyrus_images/b87ec8f9daabdbcef278e4e2a8347adfb22c73f89417c1c598aa430dabf1904c.png)

![](https://storage.googleapis.com/papyrus_images/56caba08f85bd88bfd8d1dc526791177ff49263c73ad6792b078341ddfe141d6.png)

![](https://storage.googleapis.com/papyrus_images/bbe070675042262476339de77bdd3dfc93a88190ce0afbcffeacec600ba00454.png)

![](https://storage.googleapis.com/papyrus_images/0433e4210dadec1da561b53b731573cf08ea6ac6a79bda845dbcc27be57d1379.png)

![](https://storage.googleapis.com/papyrus_images/72b856c2bd4b12f189498929924f97c7598add94fe7fd56ac5d8224762be38d3.png)

![](https://storage.googleapis.com/papyrus_images/fed0a750f7fa81c4dc0ddc1160ff9261f0e6bc3cb84d385789b9e01d8b814759.png)

![](https://storage.googleapis.com/papyrus_images/63ba72c9dfc6c3a850bdfc385901c2087d9972ce9e878cb81426a9b6550dd1f2.png)

![](https://storage.googleapis.com/papyrus_images/da31bde30e139cb0c629d96506cfc8f214529b2d81658a2074472ec00d78e1d8.png)

![](https://storage.googleapis.com/papyrus_images/fc7fbfa8aaef9fc18a381f8739a6cd2b6b3c16c4040a5e4efc7b4ab015d9490a.png)

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*Originally published on [Lily Yin ](https://paragraph.com/@lily-yin/crypto-101-3-exchange)*