In order to start investment in cryptocurrencies and tokens, you initially have to open an account in a cryptocurrency exchange. A cryptocurrency exchange is just a platform that facilitates cryptocurrency trading among various buyers and sellers.

If you’re just getting started into cryptocurrency market, your concern would be to look for a fiat-based cryptocurrency exchange that enables you to deposit your native cash. But as a result of strict rules in Crypto trading, all fiat-accepting exchanges need you to undergo a verification process on your account before depositing your funds. You want to complete the ‘Know-Your-Customer’ (KYC) method by submitting your identity proof and the other personal info.

You should look for an exchange in your domestic country to first convert cash from your bank account into Bitcoin, the base currency.


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