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It's a protection against money laundering. When you withdraw funds from exchange, you enter destination BTC address which is just an address. The seller doesn't know who you are and the exchange doesn't know whom you are sending bitcoins.
BEST CRYPTO EXCHANGES & APPS OF 2024 If you’re interested in buying cryptocurrency, you need to open an account with a crypto exchange. There are 4 exchanges to choose from, and Forbes Advisor to determineted the best crypto exchange for both new and experienced investors.
Higher fees (~1%) but more trustworthy for large amounts. 3. Infinity Exchange A no-log, instant exchanger supporting BTC-to-XMR swaps. Requires no registration, enhancing privacy. 4. OpenMonero (P2P) Decentralized peer-to-peer exchange.
There are several types of Bitcoin wallets, including desktop, mobile, web, and hardware wallets. Choose a wallet that suits your needs. Choose a Bitcoin Exchange Once you have a Bitcoin wallet, the next step is to choose a Bitcoin exchange. A Bitcoin exchange is a platform where you can buy and sell Bitcoins.