Many exchanges place an emphasis on educating users and offer them educational platforms or tutorials that are written by experienced traders. This makes it easier to find your way in the broader cryptocurrency environment. What regulations should a cryptocurrency exchange be subject to? First of all, we are talking about the Anti Money Laundering and Know Your Customer policies. A trusted cryptocurrency exchange should have appropriate policies in place to prevent money laundering and terrorist financing. Such measures include: Mandatory Account Verification. Every new user who wants to deposit funds in fiat currencies (FIAT) e.g. Zloty, Dollar or Euro - must verify their account. It is required to send a valid document with a photograph. This may be an identity card, driver's license or passport. It is also necessary to confirm your address. Such confirmation may be a bill for electricity, gas, Internet, etc. Data from verified accounts are fully protected under RODO. Only transfers with the correct title can be credited to your account - this indicates intent and prevents money laundering. One user can have only one account in the service. If a crime is suspected - the account may be blocked and funds frozen until the case is investigated. Selected employees of the exchange should be CAMS (Certified Anti-Money Laundering Specialist) certified. Additionally, the operation of your chosen exchange must be legal in the country you are in. In the case of Poland such an institution would be the Polish Financial Supervision Authority (KNF), or other appropriate entities regulating the operation of cryptocurrency exchanges within the European Union. What can be traded on cryptocurrency exchanges? The largest cryptocurrency exchanges, which undoubtedly include BitBay and Binance, have in their base even dozens of different tokens, which can be traded within them. Depending on what resources and the amount of capital a user has, they can take advantage of cryptocurrency exchanges with a varying number of available cryptocurrencies. Among them are usually the most popular cryptocurrencies like Bitcoin, Ethereum, Litecoin, which operate on the basis of Blockchain technology. An interesting fact for people who would like to start playing on a cryptocurrency exchange can be that within it they can make network transactions using cryptocurrencies, but not only. They can also buy tokens of virtual currencies through traditional, fiat currencies. That is why, for example, Bitcoin can be purchased with Ethereum, but it can also be purchased with dollars, euros or even zlotys. What should draw our attention when choosing a cryptocurrency exchange? Since there is a growing interest in cryptocurrencies, it is no wonder that more and more cryptocurrency exchanges are created. To avoid unpleasant surprises, read the following tips that will surely help you choose the best place for your investments: number of cryptocurrencies available - there is one rule. The more cryptocurrencies a particular platform has, the better. You need to know that there are about 4 thousand such virtual currencies in the world, so choose the exchange that will give you the widest choice; take care of safety - investing in cryptocurrencies is a risk. However, if you keep proper safety rules, you won't have to worry about losing your money or data. So, check if the platform expects confirmation of transactions, authorizes transfers and, for example, provides a two-step login. These are just a few such elements. The more security features a platform has in place, the better for the user; once you have checked whether a cryptocurrency exchange cares about security, then find out what fees it charges for setting up accounts, transfers and other services. One platform will want larger fees, while another will want smaller fees. Be sure to take a look at the terms and conditions, where you will also find a table of fees, and see if being a user of the platform is worth it for you at all; the currency of the transaction - if you are a beginner in the world of cryptocurrencies, it is logical that you first want to buy them using familiar currencies, e.g. Zloty or Euro. Be sure to familiarize yourself with the currencies offered by your chosen exchange; reviews - they are always important. Users of different platforms like to give them. So see which cryptocurrency exchange is saturated with positive comments. Which cryptocurrency exchange to choose? - summary The number of exchanges where you can buy, exchange or sell cryptocurrencies is growing every year. Choosing the best one for us can therefore be difficult, but what should matter most to us is the issue of security, because if this is assured to us, we can deal with the rest. The advantage is that each exchange is a little different, so we can choose the one that will be most suited to our expectations. Do not forget about the reviews, which can definitely gate.io opinie In this article we will present the TOP 10 best cryptocurrencies, having interesting events planned for August, which can have a positive impact on their price.