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When choosing a crypto exchange, 5 main factors should be taken into consideration to obtain the maximum benefit and minimize the risk. These factors are security and authenticity, method of purchase, supported tokens, fees and user experience.
The security of your investment should be a top priority. To be sure about the security, you can check its transparency and technology. If the exchange openly shows its owners, headquarter address, and the members of its team, it can be considered as transparent. Moreover, transparent exchanges also publish their cold storage address or help check their reserves in other ways, like audit information.
About the exchange technology, its web address should start with HTTPS instead of HTTP connections.
To login safely, it should use two-factor authentication and customer deposits should be stored offline, in cold storage.
Also, make sure that the exchanges you pick support all of the cryptocurrency tokens you want to buy. These exchange rates are influenced by metrics like as 24-hour volume and market cap, which should be monitored.
*The content hereby presented is for informational purposes only. Nothing of this content that is available to you shall be considered as financial, legal or tax advice. Please, keep in mind that trading cryptocurrencies pose a considerable risk of loss.
*The content hereby presented is for informational purposes only. Nothing of this content that is available to you shall be considered as financial, legal or tax advice. Please, keep in mind that trading cryptocurrencies pose a considerable risk of loss.
When choosing a crypto exchange, 5 main factors should be taken into consideration to obtain the maximum benefit and minimize the risk. These factors are security and authenticity, method of purchase, supported tokens, fees and user experience.
The security of your investment should be a top priority. To be sure about the security, you can check its transparency and technology. If the exchange openly shows its owners, headquarter address, and the members of its team, it can be considered as transparent. Moreover, transparent exchanges also publish their cold storage address or help check their reserves in other ways, like audit information.
About the exchange technology, its web address should start with HTTPS instead of HTTP connections.
To login safely, it should use two-factor authentication and customer deposits should be stored offline, in cold storage.
Also, make sure that the exchanges you pick support all of the cryptocurrency tokens you want to buy. These exchange rates are influenced by metrics like as 24-hour volume and market cap, which should be monitored.
*The content hereby presented is for informational purposes only. Nothing of this content that is available to you shall be considered as financial, legal or tax advice. Please, keep in mind that trading cryptocurrencies pose a considerable risk of loss.
