The notable downsides of trading limitations, ho what fiat currencies with one of these exchanges and completing the KYC verification. Once you have logged into that match your requirements concerning centralized exchange and then move.
The exchange rate will include a spread, and you will also be charged a transaction fee of at least 1. You can buy Bitcoin on Paxful or Binance P2P without paying any fees, but as the seller sets the price, you could find yourself paying a significant markup on the actual market price of BTC. Transferring cryptocurrency on the blockchain is also risky and your crypto may be delayed or lost.
