In this lesson, we will discuss how to properly register on cryptocurrency exchanges to buy and trade crypto. This is an important step to start working with digital assets, but it is crucial to remember the security of your funds. In the previous lesson, we also mentioned why you should not store cryptocurrency on an exchange and how to avoid risks.
So far, you are only familiar with centralized exchanges:
- Centralized exchanges are convenient and offer a wide range of features, but the funds on them are under the control of a third party.
It is important to remember that long-term storage of funds on an exchange carries serious risks:
- Exchanges can be hacked.
- Your account can be compromised.
- Access to funds depends on the exchange’s policies, and in case of blocks or other issues, you may lose control over your assets.
Therefore, even if you use an exchange to buy or trade cryptocurrency, transfer your funds to a personal wallet immediately after completing your transactions.
We have prepared short instructional guides that will show you:
- How to register on a centralized exchange.
- How to complete verification (if required).
- How to set up two-factor authentication (2FA) to protect your account.
- How to secure your account with an anti-phishing code.
Follow our instructions to safely and efficiently start working with cryptocurrency exchanges!