Registering on a cryptocurrency exchange allows you to buy, sell and store cryptocurrency. It is generally best practice to use an exchange that allows users to also withdraw bitcoins to their personal wallets in order to store bitcoins more securely. There are also many stock exchanges and brokerage platforms that do not allow this system. This feature may not be important for those who want to constantly trade Bitcoin or other cryptocurrencies. There are many types of Bitcoin exchanges. Because Bitcoin's culture is personal centralism and individual sovereignty, some exchanges allow users to remain anonymous and do not require users to enter personal information. Exchanges that allow this operate autonomously and are usually decentralized, which means there is no central control point. In an other saying; In the event of illegal activities, there are no individuals or groups that any regulatory agency will follow. While such systems have the potential to be used maliciously, they constitute a special alternative to the non-bank world. The non-bank world includes refugees, people who do not have a legal identity to present in order to open a bank account or people who live in countries with no or very poor banking system. They can use their savings to achieve better living standards. Currently, the most widely used types of exchanges are decentralized and require KYC. In the United States, these exchanges include Coinbase, Kraken, Gemini, and Binance U.S. Each of these exchanges has grown significantly thanks to the features they offer. Coinbase, Kraken and Gemini offer bitcoin and an increasing number of altcoin variants. These three Bitcoin exchanges are probably the easiest way out for crypto in the entire Bitcoin industry. Binance, on the other hand, has more serious trading functionality and appeals to the more advanced traders by offering a large number of altcoins to choose from. An important point to consider when creating an account on a cryptocurrency exchange is to use a secure internet application. Using two phased authentication and using a unique and long password which includes various lowercase letters, uppercase letters, special characters and numbers, will increase security.