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| Makeing living from trading cryptocurrency | But many users prefer to transfer and store their Bitcoin with a third-party hot wallet provider, also typically free to download and use. For instance, Bitcoin was developed as a payment system. With a hot wallet, transactions generally are faster, while a cold wallet often incorporates extra security steps that help to keep your assets safe but also make transactions take longer. Exchanges are a convenient option because they offer a breadth of features and more cryptocurrencies for trading. Not all cryptocurrency exchanges are allowed to operate in every country. Bitcoin investors need a cryptocurrency exchange account, personal identification documents if you are using a Know Your Client KYC platform, a secure connection to the internet, a method of payment, and a personal digital wallet outside the exchange account. |
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