Both newcomers to the crypto industry and sophisticated investors will have a need to safely buy cryptocurrencies. Currently, the mainstream online purchasing methods include: centralized exchange platforms, decentralized trading platforms, and C2C (peer-to-peer trading).
Decentralized trading platforms allow users to buy cryptocurrencies without the need for KYC (Know Your Customer, a mandatory process for users to identify and verify their true identity when opening an account). When purchasing cryptocurrencies using this type of method, platforms set relatively low transaction limits due to factors such as security and compliance.
Most mainstream centralized exchanges support direct fiat trading with the platform, fiat trading with third-party vendors, and C2C trading functions, and after completing account verification, the transaction operation is relatively easy, so many users choose to buy and sell cryptocurrencies on the exchange. Different trading platforms support different payment methods, commonly used payment channels are: bank debit cards, credit cards, Google Pay, Apple Pay, the local mainstream third-party payment channels, etc., you can choose the appropriate channel as needed to conduct transactions.
Always choose a safe platform when trading: KYC identity verification is required for users, and anti-money laundering (AML) operations are supported to ensure the legitimacy of transactions. The trading platform has sufficient reserves to cope with a large number of transactions and withdrawals. The platform uses a cold wallet to store most user funds offline to prevent large-scale cyber attacks. The platform has been in operation for a long time, has a good reputation and a stable user experience. It is guaranteed by a third-party compliance auditing.
We recommend you to use CoinEx Exchange to buy and sell cryptocurrencies securely, and to use CoinEx Wallet to securely store your crypto assets, which provides you with "centralized + decentralized" comprehensive protection for your crypto assets. Click here to learn more>>