How Does Buying Cryptocurrency Work | RELIABLE ⇒ |

: This report by the Bank of Canada explains how Centralized Exchanges (CEXs) match buyers and sellers in milliseconds using private ledgers and act as custodians for user assets.

: Published by the University of Richmond School of Law , this paper explains the technologies behind buying crypto and how they are regulated and taxed. how does buying cryptocurrency work

These papers detail the actual process of how a trade is executed between a buyer and a seller. : This report by the Bank of Canada

: Available via ScienceDirect , this article contrasts the "hot wallet" model of centralized exchanges with the non-custodial, smart-contract-based architecture of Decentralized Exchanges (DEXs). 2. Consumer Behavior & Adoption : Available via ScienceDirect , this article contrasts

: Hosted on SSRN , this paper analyzes individual-level portfolio returns and the role of daily and monthly trading frequencies in exchange environments.

: This review synthesizes prior research to explain the benefits (lower costs, efficiency) and challenges (volatility, lack of regulation) for new buyers.

: Found on ResearchGate , this paper identifies that purchase intentions are driven by familiarity, trust, and perceived security.