Be prepared for the Exchange setup treatment to be detailed and prolonged, as the Exchanges generally desire to understand a lot about you. Believe about your coins being in something like a bank account at the Exchange, but keep in mind that your coins are digital only, and that all blockchain deals are permanent. Provided that hackers like to prey on Exchanges and your account, we always advise that you use a digital wallet for your coins. It is fairly easy to move coins in between your Exchange account and your wallet. Hot wallets are extremely simple to utilize but they leave your coins exposed to the web, but only on your computer, not the Exchange server.

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