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Bitcoin Exchange Guide
Where to trade Bitcoin?
Bitcoin can be purchased and traded through centralized exchanges (CEX) or decentralized exchanges (DEX).
Inventory of the top five Bitcoin exchanges
The following are the top five Bitcoin exchanges in the world:
- Binance (Binance): The world's largest cryptocurrency exchange, providing a wide range of cryptocurrency trading pairs and services.
- Huobi: A Singapore-based exchange known for its security and reliability.
- FTX: Bahamas-based exchange offering advanced trading tools and low trading fees.
- Kraken: US-based exchange known for its compliance and high security standards.
- Coinbase: US-based exchange that is beginner-friendly and offers an easy-to-use trading platform.
How to buy Bitcoin?
To buy Bitcoin on these exchanges you need to:
- Create an account: Register and verify your identity on the selected exchange.
- Deposit Funds: Fund your account via bank transfer, credit card or other supported payment methods.
- Find Bitcoin trading pairs: Search for trading pairs such as "BTC/USD" or "BTC/EUR" on the exchange.
- Place a Buy Order: Enter the amount and price of Bitcoin you want to buy.
- Confirm Transaction: Review order details and confirm the transaction.
After completing these steps, you will have Bitcoins that you can store in your exchange wallet or transfer to an external wallet.
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