#BinanceTurns7
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Choose an Exchange:
Centralized Exchanges (CEX): These platforms, like Coinbase, Binance, and Kraken, act as intermediaries between buyers and sellers. They offer high liquidity and a user-friendly interface.
Decentralized Exchanges (DEX): Platforms like Uniswap and PancakeSwap operate without intermediaries, allowing peer-to-peer transactions. They offer more privacy but can have lower liquidity and higher complexity.
Create an Account:
Sign Up: Provide your email address, create a password, and verify your email.
Identity Verification: Complete the KYC (Know Your Customer) process by submitting identification documents. This step varies depending on the exchange and local regulations.
Deposit Funds:
Fiat Deposit: Link your bank account or use a credit/debit card to deposit fiat currency (USD, EUR, etc.).Cryptocurrency Deposit: Transfer cryptocurrency from another wallet to your exchange wallet.