What is the purpose of Bitcoin exchanges?
Brian There are several ways to convert bitcoin to cash and ultimately move it to a bank account:
- Sell bitcoin on a cryptocurrency exchange, such as Coinbase or Kraken. ...
- Sign up and complete the verification process.
- Deposit (or buy) BTC into your account.
- Decide where you want to do business.
- Learn about relevant regulations in that area.
- Partner with a bank or payment processor.
- Establish a transaction history and liquidity on the bitcoin exchange
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- Implement best security practices.
- Offer customer support.