How to choose the best cryptocurrency exchange

Trading, investments related to cryptocurrencies attract many users. In order to satisfy consumer demand, numerous portals are created, which are commonly called “exchanges”. Their goal is to provide a full-fledged interface, functionality to provide traders with everything necessary for trading. Of course, the exchange has its own income from this, that is, you can consider such cooperation as mutual and mutually beneficial.



What you need to know about the cryptocurrency market
This market is quite unstable, so you need to treat with some skepticism to the very idea of trading. There is an opportunity to make good money, but the risks are quite high. Before you start working on a particular site, you need to get acquainted with independent reviews. For example, traders are interested in such well-known platforms as Hoo and some others. Some are registered in countries of Western or Eastern Europe, some of these resources are registered in countries belonging to “offshore”. Users pay attention to the following indicators:

• Duration of operation. As a rule, exchanges that offer stable service for at least several years are more trusted. Few people trust resources that are about a year old.
• Minimum deposit, spread, leverage are taken into account.
• The tools offered to traders are evaluated.
• Sometimes independent resources provide additional information, for example, the geography of customers: Europe, Asia, Latin America, etc.

Official work of the exchanges
This activity is subject to quite strict regulation. This is directly related to the high risks of trading. Sometimes you can find the opinion that this other site is convenient for use, it is functional, but at the same time there is no information about official registration, legal activities. In this case, the risks increase even more. Also:

• The specificity of the interface is evaluated.
• Professionalism of technical support
• Stability of work.

By the way, sometimes traders complain that the exchange begins to change the terms of cooperation literally on the go. And, as a rule, such changes are not in favor of traders. Thus, once loyal conditions can gradually turn into literally bonded. You can often find complaints about the slowness of the appendage. This is manifested in unprofessional or slow answers to questions, failure to provide information or too long withdrawals.

Yes, there are pros and cons everywhere, and so far there is no perfect exchange for traders. But it is important to objectively weigh the strengths and weaknesses of such platforms. And if among the negative reviews there are reviews about the inability to withdraw funds within the agreed period, then this will be an unambiguous signal to refuse to cooperate.