Ang isang tradisyunal na palitan ng cryptocurrency ay gumagana nang katulad ng isang stock exchange, kasama ang mga mamimili at nagbebenta batay sa kasalukuyang presyo ng merkado ng cryptocurrency. Ang palitan ay kumikilos bilang middle-man, karaniwang singilin ang isang bayad para sa bawat transaksyon. Ang ilan ay magpapalit ng fiat (tulad ng AUD o USD) para sa cryptocurrency, samantalang ang iba ay nakikipagpalitan lamang sa pagitan ng iba't ibang mga cryptos.
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