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While not every cryptocurrency exchange set up is exactly the same, https://www.bitstamp.net there is a general registration process that tends to be rather similar at each crypto trading platform. Coinbase is a fantastic exchange for beginners who are looking to start buying cryptocurrency. Alternatively a site like eToro or Public.com gives users access to crypto as well as stocks and other assets. You can read through our comprehensive reviews of alternative exchanges to Coinbase on our best cryptocurrency exchanges listings page.

The sign-up process usually goes something like this:

First, you will need to provide a small bit of personal information, which could be nothing more than a name and an email address. The exchange will then send you an email to confirm that you are in control of the associated address.

Here’s an example using eToro:

You will then need to add a payment method that can be used as a mechanism for deposits and withdrawals.

For some users, the above three steps will be enough to get the job done. However, depending on the exchange, and the level of your engagement, you will need to go through a more extensive "Know your Client" (KYC) process, which is really just identity verification.

If you’re interested in making larger trades, then you’ll need to verify more information about yourself. Different trading tiers are available to users based on the amount of information the exchange has collected about the customer. Additional verification could come in the form of an address, phone number, government-issued identification, and even a selfie of you holding that form of ID.