Cryptocurrency exchanges make it possible for you to buy, sale and trade cryptocurrencies hassle-free. Without having access to a cryptocurrency exchange, you will not be able to buy or sell digital assets. However, there are some alternatives that you can still rely upon whenever you want to perform a transaction. You must however exercise caution since some options might end up costing you big time in the long run. In this post, we are going to examine important tips on how to choose the right cryptocurrency exchange for you without having to go through a lot.
Security is one of the most important factors that you need to put into consideration when looking for an exchange. Never work with an insecure currency since you might end up losing your funds. This is a situation you do not want to find yourself in especially after working hard in order to raise the money. When examining the security, you should keep a close eye on the technology relied upon by the website. To give you a slight insight, the exchange’s web address should start with HTTPS. Avoid using HTTP connections as it does not guarantee your security.
Apart from security, you should look into the liquidity. The lower the trading volume is the less liquid specific exchange is. Thanks to liquidity, it will prove quite easy for you to complete transactions faster, more easily and without making do with price volatility. You should however check whether an exchange provides “locked-in” pricing as it guarantees you the price when carrying out a transaction. Keep in mind liquidity can be different for various trading pairs. For instance, it can be low for BTC to EUR but high for BTC to GBP. Make sure you check these variations before doing anything else.
Before choosing a crypto exchange it is important for you to compare all the fees. In most cases, the fees are usually less than 1% per transaction and might decrease even further especially when your trading volume increases. You should also remember to check the withdrawal fees since some companies might have a higher withdrawal fee for specific atcoins. To be on the safe side, it would be better for you to examine as many sites as possible before choosing the most reputable.
The Bottom Line
These are just but some of the factors you need to look into when searching for a crypto currency exchange platform. For those who are still finding it hard, then you can simply visit Ebitxchange. Here, you can exchange your cryptocurrency in minutes as they have the best rates. It is highly advisable for you to sign up for their partner program and earn commission from each exchange. To make it even better, the earnings are credited into your account instantly and can be withdrawn right away. Simply visit ebitxchange.com and exchange Bitcoins to Ethereum or any other cryptocurrency of choice.