Steps to Storing Cryptocurrency in an Exchange
Step 1: Check out several crypto exchanges. You want to go with an exchange that supports a wide range of cryptos, has a good user experience (UX), and is supported in your country.
Step 2: Open an account with your preferred exchange. Account opening usually takes around five minutes. However, you’ll need to satisfy the exchange's know your customer (KYC) requirements.
Step 3: Complete the KYC requirements. Submit personal information like an email address, phone number, and legal name. You may be asked to provide a utility bill, government-issued ID, or other supporting documents to verify you’re a real person.
Step 4: Deposit your crypto. You can safely store your crypto after setting up your wallet. Depositing crypto requires a wallet address, often within your preferred crypto's transaction page. To get the wallet address you need, simply search for a string of 40 alphanumeric characters anywhere on the screen or initiate a deposit transaction and it should appear.
