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It also supports several fiat currencies, including the British Pound, US Dollar, the Euro and more. To sum up, there are many reasons why Bithumb is one of the most popular cryptocurrency exchanges in the world. First, you do not have to go through a long verification process if you withdraw less than 5 BTC in one day. Then, you get access to 10x leveraged crypto products and ongoing mining and staking projects offered by the exchange. If they already have a Bitcoin wallet set up, the process is easy. All you have to do is scan their wallet QR code or copy its address, transfer them the BTC, and either accept payment from them in cash or as a bank transfer.
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The main downside of using a broker is the cost, as you’ll not only need to buy your crypto at a price above the market rate but also pay transaction fees. If privacy is important to you when trading cryptocurrency, there are some platforms that allow you to transact anonymously. Of course, if it’s too easy to create an account and start trading, consider whether there’s anything to stop a platform from disappearing overnight.
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This compensation should not be seen as an endorsement or recommendation by TradingBrokers.com, nor shall it bias our broker reviews. Whilst most of our data has been verified directly from these brokers, it can occasionally vary. We are not responsible for incorrect or outdated information within our online trading broker reviews and you should confirm all data directly with the broker.
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