From what I can glean off of the limited info on buying/trading info out there, and maybe I'm just looking in the wrong places, but it seems I will need about 20 different exchanges with 20 different passwords and 20 different wallets with 20 different passwords to buy/trade the coins I want. Is this accurate?
Why so many hoops to jump through? Why not one, or a couple of exchanges that have every coin out there? Is it for security? Or because it's DeFi?
Some of the exchanges don't even tell you what coins they carry until you go through a 10 step verification process, only to find out they don't deal the coin you want, or do not allow U.S. citizens to trade.
I want to understand and become more involved in the Alt coin market, but man it's frustrating. I'm using coinbase and it's horrible for Alts.
Any help out there for the noob would be very much appreciated.
Thanks!
If you are looking at limited famous projects then go for Binance or kucoin , but most of the unknown projects are in decentralised exchanges . If you wanna nab them early then you must look there .