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.

Where to obtain cryptocurrency license

It is most advantageous to issue a cryptocurrency license in such jurisdictions: United States. The country offers clear regulation of cryptocurrency transactions and a wide optional. A license obtained in this jurisdiction allows the exchange of currencies, money transfers, sales. In America, it is possible to obtain a local or national license, which can be used in other countries. The United States has the largest number of Bitcoin ATMs in the world. But it should be borne in mind that income from transactions with cryptocurrency is taxed on capital gains. Some tokens are considered securities and are subject to regulation. Estonia. This is the most convenient jurisdiction with the most loyal attitude to transactions with cryptocurrencies. In Estonia, electronic currency is widely used in banks and at home. On the territory of the country, you can get a variety of licenses to engage in crypto business, which apply to any transactions with electronic currency.