Today in the world, there are more than 300 sites for the exchange, purchase, and sale of cryptocurrency. Unfortunately, there is no universal navigator for safe and trusted exchanges. But there are a few rules that can serve as a guide.
IMPORTANT CRITERIA FOR CHOOSING A CRYPTOCURRENCY PLATFORM
Cryptocurrency exchanges are special platforms that allow you to conduct operations with digital money. Coins can be purchased and sold for real money. At the sites, you can exchange one asset for another, while earning on the difference in the exchange rate. A large list of exchanges is available on the internet. In this article, we have listed several criteria for choosing the best place for Investing in Cryptocurrencies.
SECURITY SYSTEM
The exchange must comply with the OWASP TOP 10 standard and use KYC procedures to validate its customers. OWASP Top 10 is the Open Web Application Security Project that displays a list of the 10 most important threats.
CONVENIENCE
Any exchange should have a convenient way to deposit and withdraw funds. The exchange must support many currencies, and transactions must occur quickly. Crypto exchanges usually set limits on the amount to be withdrawn in order to avoid major thefts. Exchanges must also be adapted to various languages, have an intuitive interface and high computing power to handle large volumes of trade.
LOCATION
The most important factor is the location of the cryptocurrency exchange. If this is not a third world country, then clients can count on court assistance in the event of hacking of their accounts and loss of funds. You should choose exchanges that are registered in Europe, East Asia, or the United States.
LIQUIDITY
The greater the daily trading turnover on the site, the more opportunities for making money for a trader. One of the current leaders is Hedgespots. In addition, the interface of the trading platform should correspond to individual preferences.
LEVERAGE
This criterion is especially important for traders who do not have significant capital. Using the borrowed funds of the broker, it is possible to increase the profit potential significantly. The average leverage range is 1: 2-1: 10, but there are exceptions. A newbie should understand that trading with leverage is associated with high trading risks, so it is important to evaluate the possibilities of a trading strategy soundly.
WHAT IS THE BEST TRADING PLATFORM FOR CRYPTOCURRENCY
For any trader, the exchange is a tool. That is why you need to carefully choose your site, analyzing all the pros and cons. In this article, we will consider in detail the features of the Hedgespots exchange. Hedgespots exchange is one of the most popular crypto exchanges. It has an impressive trading volume and a pretty good reputation. In general, this platform definitely deserves the attention of traders.
THE MAIN ADVANTAGES OF THE HEDGESPOTS PLATFORM
You should pay attention to this website because of the following benefits:
- A large number of available deposit and withdraw methods;
- A large selection of currency pairs;
- On-line support, which usually solves all problems quickly enough;
- High speed of execution of orders and transactions;
- Good reputation and a large community;
- API for creating trading robots and cross-platform trading.
CONCLUSION
Hedgespots is a stable platform with vast experience and a reliable reputation, which is not so easy to obtain in such a market. The priority of the exchange is convenience and customer focus. The support is aimed at quick help and clarification of all issues that arise. The simplicity of the interface on the site are huge pluses for beginners who want to buy cryptocurrency or join the trading. The exchange comfortably provides work with fiat funds. This is important since not all modern top exchanges do this.