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Author: Admin | 2025-04-28
To sign up to a reputable cryptocurrency exchange or investing platform. These are online platforms that connect investors with the cryptocurrency market. Crypto exchanges are similar to online stock brokers – investors can browse through different assets and buy or sell cryptos with their chosen payment method. There are two main types of cryptocurrency exchange: Centralised and decentralised. New investors might want to opt for a centralised exchange as these platforms provide good usability and an extra layer of user support and protection. Ideally, look for a platform that has a low minimum deposit, competitive trading fees and a user-friendly interface. If you are based in the UK, you should also look for FCA registration. Some good examples include CoinJar, and Archax. A crypto walletA cryptocurrency wallet is like a digital vault for cryptocurrency. These wallets are protected with encryption and can only be accessed by people who know the passphrase.Some cryptocurrency exchanges offer native wallets that can be accessed directly through the platform. However, in other cases, investors should set up their own third-party wallet which can be used to keep their crypto. Some popular options include MetaMask and Trust Wallet. If setting up a wallet seems a bit overwhelming, don’t worry! Investors can use an exchange such as CoinJar, where cryptocurrencies are sent straight into user accounts. This removes the worry that comes with sending crypto back and forth. A word of caution about crypto walletsCryptocurrency wallets are considered to be less risky in relation to protecting your
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