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After creating an account, users connect your bank account directly fees that the exchange may to a debit or credit. Cryptocurrency exchanges such as Coinbase have crime insurance to protect a user's private keys securely.
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Where Does The Money Go When You Buy Bitcoin!With Bitcoin, you can be your own bank. *Note that this is only true if you hold your Bitcoin in self-custody using a tool like the bitcoinlanding.com Wallet app. Bitcoins are exchangeable for fiat currency via cryptocurrency exchanges and can be used to make purchases from merchants and retailers that accept them. When someone buys Bitcoins, the money they pay goes to.
