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How do I deposit crypto If I already own a cryptocurrency?

If you happen to own some crypto already, you can deposit it into your exchange account. Remember to always send your coins to the associated address: send Bitcoin to your Bitcoin address, ether to your Ethereum address, and so on. Sending crypto to the wrong addresses could result in losses.

What is a cryptocurrency based on?

Coins are designed to be used as a kind of currency and are created on their own blockchain. For example, Ether is a cryptocurrency based on the Ethereum blockchain. “Altcoin” refers to any blockchain-based cryptocurrency that isn’t Bitcoin.

What is crypto & how does it work?

And though people may refer to crypto in physical terms (e.g., as coins), crypto is generated and traded in only a digital format. Cryptography refers to the mathematical technique used to secure each unit of cryptocurrency and ensure it can’t be copied. Most crypto exists on a blockchain platform.

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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