[Flash Answer] What a Bitcoin Exchange Does?

It is an online marketplace where you can buy and sell BTC or other cryptocurrencies using different fiat currencies or altcoins. A bitcoin exchanges acts as an intermediary between buyers and sellers of different cryptocurrencies.

It requires traders to complete a registration process before trading. And the process may vary– in some platforms, signing up with an email address will be enough, while others require KYC for their applicants to prevent any behaviors of money laundering.

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