Bitcoin price is currently seeing a dip and for many newcomers, it might be concerning to see such a price drop but this is quite normal for bitcoin to see such price swings. It is just the market correcting itself.
For any asset the price cannot keep continually increasing [if it does then it's probably a scam], it needs to adjust from time to time, which is why bitcoin sees frequent price dips.
As such times the best thing to do is HODL your coins or buy more, but never panic sell.
If you are a newcomer this is a perfect time to buy some bitcoin.
Top exchanges include:
- Binance
- Coinbase
- Crypto.com
- Kraken
- Gemini
All of the above require you to submit KYC details and are mostly centralized entities. Nowadays it is almost impossible to find an exchange that is fully decentralized, since exchanges deal with fiat money alongside crypto, regulations compel them to collect personal data.
In addition, since these exchanges are custodial, they can freeze anyone's account and assets without any notice.
Other options to buy bitcoin:
- Decentralised Exchanges: No KYC, but liquidity may be an issue especially for certain regions.
- Bisq
- Bitcoin ATM
- P2P platform: Peer-2-peer platforms that connect buyers and sellers, they too require KYC.
- Localbitcoins
- Paxful
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