What is a decentralized crypto exchange?
Cryptocurrencies are digital assets and are decentralized. They don’t operate like traditional currencies as central banks control them. Digital currencies use blockchain technology to be stored. Hence there is no central bank or institution that controls such currencies. So, you have to use a decentralized crypto exchange to deal with a currency like Bitcoin, and Ether, etc. Such exchanges allow users to conduct peer-to-peer transactions directly without any intermediary. However, these exchanges ensure the safety and security of users’ assets.
Which is the best cryptocurrency exchange?
Well, there are a lot of exchanges that are dealing with cryptocurrencies. However, I would recommend two of them. The one is Binance while the other is Coinbase. Here I am going to write about Coinbase. This is one of the famous exchanges in the USA and all around the world.
Coinbase is one of the secure platforms to buy, sell, and transfer digital assets. They have a mission to enable people to convert their digital currencies into local ones. Moreover, this exchange has an easy interface. You can create your account on this exchange by clicking here.
How to start trading on Coinbase?
First of all, you need to register yourself on the exchange. Click here to make an account for free on Coinbase. Further, you will fill up the mandatory information to complete your registration. Once you have verified your email address, you can log in to your again. However, before login, it will ask you to enter your mobile number to later enable 2-factor authentication. This way you will get access to 25 major cryptocurrencies for trading. Right after registration, it enables you to buy, transfer, send and receive currency.
Why should I use Coinbase?
There are multiple reasons I would recommend using this exchange. Some of those are the following.
- $10 reward on registration
- A secure and safe platform
- The easiest user interface
- Extremely good for the beginners
So, these are some basic things that urge you to go for Coinbase. While you can trade major currencies there in an effective way. So, just sign up by clicking here and start trading.
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