One of the reason to have your own Exchange server is to have your own domain email address...instead of having yourname@isp.com you could have yourname@yourdomain.com. Usually all ISP's deliver email in POP format but your own exchange server will allow you to send email in SMTP , IMAP , POP as well as Web mail.
Setting up an Exchange server is very simple as long as you have the pre-requisition setup properly such as DNS entry and MX record.
Cheers
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