You don’t need to provide any documents for registration at the exchange. Access is provided by user’s password and login. It can be a real or fictive name. The most important requirement is to keep this information in a safe place. If an outsider gains access to it, he will be able to administer funds without the knowledge of the account holder.
When registering on the exchange, it is recommended to pass the identification procedure. For this, the visitor receives more favourable offers. The cryptocurrency exchange is based on the ratings. That means that the exchange acts as dealer between the seller and the buyer and takes a small commission for this. In exchange for it, it organizes an exchange procedure:
publishes information from sellers and buyers;
tracks the visitors’ activity;
creates an objective rating table.
To buy and sell the cryptocurrency, you need to select the offer you are interested in and make a payment. The other side of the transaction has already fulfilled its part of the obligations, the funds are on the deposit account of the exchange. That’s why the transaction will be completed automatically in a few minutes.