ANSWER: There are many different types of Bitcoin exchanges. All of these can be described as a digital marketplace for the buying and selling of Bitcoin.
Bitcoin (BTC) is an electronic currency that is based on computer programming produced by Satoshi Nakamoto—or even more technically designed to produce consensus in a distributed public blockchain network. This program also incorporates cryptography which secures and tracks transactions made using this system, making it practically impossible to counterfeit Bitcoins, or use them for illicit activities.
There are several ways to buy Bitcoins, including but not limited too: LocalBitcoins, Bitquick CEX & QuickBitcoin our staff at this time does not support transfers off $500 $900 $1000 dollars