Centralized exchanges for purchasing cryptocurrency
Centralized exchanges are another choice for buying cryptocurrencies. Additionally, there are KYC and AML processes. However, assuming there are no issues with site liquidity, the transaction will probably happen right away. It is preferable to select big, established platforms.
Do not keep your personal money on the exchange. In the case of cryptocurrencies, it is preferable for them to be shown right away on third-party services and, preferably, on hardware wallets (they are considered the safest in this area). Large trading platforms are at risk of hacking, but there may also be internal issues that prevent clients from accessing their accounts.