September 30, 2022

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How to choose the best crypto exchange?

Top 5 Best Cryptocurrency Exchanges in 2021 | Here's Why You Should Choose  Them | Tech Times

The world of cryptocurrencies is currently expanding at a swift pace. New cryptocurrencies are cropping up every day, and more people are getting interested in this space. With that said, not all countries allow their citizens to invest in cryptocurrencies; only a handful of countries provide the investment opportunity. Countries like Australia, Canada, Switzerland etc., give their citizens the liberty to invest in cryptocurrencies legally.      

If you want to invest some money into the crypto-sphere, then you need to select the best cryptocurrency exchange out there so that your hard-earned money does not get misplaced or, worse – stolen.

Choosing the best Cryptocurrency Exchange 

It is imperative to take your time when selecting a cryptocurrency exchange since you want to ensure that you are putting your money in the right place. Here are some tips that will make it much easier for you when picking out an exchange;

Pick An Exchange With A Wide Variety Of Tokens Available

You don’t want to put your money into an exchange only to find that they do not have several tokens available for trade because then all of your work would have been wasted.

Read Reviews On The Crypto Exchange Before Commitment

Reading reviews on the cryptocurrency exchange will help you avoid scams and give you an idea of whether or not they are reliable 

Is It Licensed To Operate In Your Country Of Residence?

You do not want to go through the hassle of signing up with an exchange located in a country where crypto trading is illegal since it will make withdrawals extremely difficult for you.

What Are The Fees Involved With Trading On Their Platform?

Make sure to take your time looking at what fees are associated with taking part in this trade because it varies from one cryptocurrency exchange to another.

Customer Support

This is another thing that traders should never overlook because if something goes wrong, you need to rely on their customer support team.

Payment Methods

It is also good to keep in mind what payment methods are available when buying cryptocurrencies from this exchange because not all exchanges accept the same currencies.

What Is The Overall Reputation Of This Exchange?

You can check out cryptocurrency forums to get an idea of what other users think about the trading platform that you are thinking about joining.

The 10 Best Exchanges by Country

Here are our Top Ten Crypto Exchanges from around the world. As you would expect, some countries tend toward certain types of trading over others:

  1. US – Coinbase (BTC, LTC and ETH) and Gemini (GUSD)
  2. China – OKEx (USDT and BTC), Huobi Pro (BTC and BCH) and Bibox (ALTS)
  3. Japan – bitFlyer (BTC only), Quoinex-Qryptos(Ether, BTC, LTC, XRP) and Bitbank(JPY or BTC)
  4. India- Koinex(INR to BTC), Zebpay(BTC Only), Coindelta(INR to ALTS/BITS &USDT/BTC trading pairs, support INR withdrawals )
  5. South Korea – Upbit (KRW markets for BTC and ETH), Bithumb (BTC, ETC) and Coinone(KRW trading pairs only, no USDT or crypto to crypto)
  6. UK – Coinbase (BTC , LTC and ETH), CEX.io (ETH, BTC & DASH ), BitPanda (Ether , BTC )
  7. Australia- BTC Markets(AUD markets for BTC and ETH), QUOINEX(USD/JPY, AUD/USD, SGD/USD) and Independent Reserve(AUD)
  8. Russia- Waves DEX(WAVES & Waves tokens only), EtherDelta
  9. Poland – BitBay
  10. Ukraine – Forko

In Conclusion

With so many options out there, it becomes difficult for a beginner crypto enthusiast to pick out a solid exchange without any guidance. Still, if you follow these tips, your research will be much easier and more productive. New traders are advised to use a reputable online saxo broker who offers the lowest commission and excellent customer service. Try out their demo account and practise your trading strategies before investing real money.