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Users who are interested in acquiring bitcoins can do so through a bitcoin exchange. These websites enable customers to trade their traditional currency, like the United States dollar or the euro, for bitcoins. Individuals who use bitcoin exchanges will be made aware of the current exchange rate at the time of their purchase. How Do Bitcoin Exchanges Work? There are currently over 70 bitcoin exchanges that users can access over the web. Below is a breakdown of five of the most prominent exchanges use.