Cryptocurrency Q&A
Can I buy crypto using a centralized exchange?
Can I buy crypto using a centralized exchange?
Leonardo
Thu Aug 29 2024
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7 answers
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I don't understand this question. Could you please assist me in answering it?
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7 answers
Giuseppe
Sat Aug 31 2024
Cryptocurrency purchases using fiat currencies, like USD, typically necessitate the utilization of centralized exchanges (CEXs).
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Valentino
Sat Aug 31 2024
Decentralized exchanges (DEXs), on the other hand, largely refrain from supporting traditional currencies such as dollars or euros.
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Lorenzo
Sat Aug 31 2024
The primary mode of transaction on DEXs revolves around cryptocurrencies, making them unsuited for initial crypto purchases with fiat money.
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SejongWisdomKeeperElite
Fri Aug 30 2024
KYC ensures that users are identified and verified, promoting transparency and security within the crypto ecosystem.
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Federico
Fri Aug 30 2024
For beginners seeking to enter the crypto market with fiat currencies, CEXs present a viable option.
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