How to Choose the Best Crypto Exchange for Your Trading Needs
In the post-pandemic world, Investors have been migrating towards crypto as an alternate asset class in large numbers to graduate towards financial freedom, with the popularity of crypto trading soaring worldwide.
With the increase in number of users, numerous crypto exchanges have emerged, bringing their fair share of attractive features.
So, as a beginner to crypto trading, how would you choose the best crypto exchange among all the options available?
In this post, we have listed the most important qualities of the best crypto exchanges to help you out! We hope we’re able to smoothen out your crypto trading journey on the way to financial freedom!
Over time, crypto exchanges have largely simplified crypto trading for their users. With their evolving features, all you need is an internet connection and a phone to start trading crypto!
However, choosing the best crypto exchange for yourself is not as straightforward as it seems, with a range of different aspects to keep in mind- from security features to a comfortable user experience, along with intuitive marketplaces and easy to use wallets.
Crypto regulations have also yet to take up a pace uniformly across the world. In such a scenario, it is up to crypto traders to carefully choose the best crypto exchange for their needs.
So, what are the most important features the best crypto exchanges should have?
As a newbie to crypto trading, you should note the following attributes of the best crypto exchanges:
Security: The crypto exchange you choose should follow intensive security protocols to prevent mishaps- such as strict KYC procedures, mandatory two-factor authentication, and more. Further, the best crypto exchanges should also ensure that their users’ privacy is guaranteed without any leaks of sensitive information.
Fees: Trading fees are an essential feature to consider when choosing the best crypto exchange. While different exchanges follow different models of trading fees to charge their users, you should go for an exchange that puts significant efforts into lowering the entry barrier for newcomers.
User interface: As a beginner to crypto trading, you wouldn’t want to encounter a crypto exchange that is extremely difficult to navigate. A simple and user-friendly interface will ensure that you trade crypto seamlessly without any bottlenecks. An uncomplicated dashboard, easy-to-read charts on the markets, and an easy-to-use wallet are what you should look for. Additionally, it’s important to ensure the exchange provides several accessible deposit and withdrawal methods for flexible crypto trading.
Easy Deposits and Withdrawals: As mentioned, the best crypto exchanges should also enable you to convert your crypto into fiat money, or vice versa, to make deposits and withdrawals occur at the click of a button.
Available crypto tokens: While most crypto exchanges have a varied range of crypto tokens listed on their platforms, you should know whether it has the particular crypto tokens you want to buy or trade.
Customer service: Your chosen crypto exchange should preferably have 24*7 customer service support to cater to all your needs. Ensure you check all channels through which the crypto exchange provides customer service, whether by phone, email, or chatbot.
The response times and quality of solutions provided by the customer support team should be carefully noted before going for a particular crypto exchange.
Reputation: When choosing the best crypto exchange for your needs, ensure it has a spotless reputation. It should not have a history of crypto hacks or any track record of blocking users’ deposits or withdrawals.
A tarnished reputation can mean the crypto exchange in question could have future risks associated with it.
Source | Millionero, one of the best crypto exchanges
Now that we have discussed the various aspects at which the best crypto exchange for you should excel, allow us to shine the spotlight on a new player in the crypto trading space that can effectively make your path to financial freedom short and smooth.
Millionero brands itself as a crypto exchange primarily focused on being beginner-friendly. It has all the necessary qualities listed above to be the best crypto exchange for you. For instance, it checks off all the required boxes for being the best crypto exchange for a beginner. With 24/7 customer support and a smooth user interface, it can be just the place for you if you’re just beginning to delve in crypto trading.
While you are learning to trade like a pro, you can also start earning a regular passive income from the crypto exchange through its unique referral program. Millionero ensures that you earn up to 55% of the fees it earns from your referrals while giving a 10% discount to your referred user as well !
Don’t start cheering just yet; it gets even better!
For experienced traders, Millionero also has a unique benefit called the Millionero Perpetual MAX. It allows you to earn maximized returns from your crypto tokens with a leverage of up to 100X of your starting investment! Millionero’s hedging feature also opens up a counter trade on your account to protect you from losses. But it doesn’t end at that – you can use any of the crypto tokens offered by Millionero for the collateral to your leverage instead of just sticking to USD or USDT!
With a diverse range of crypto pairs, a copy trading feature to follow and copy the trades made by your favorite traders, and a risk minimization method through automatic 3X leverages in perpetual trades, Millionero could be the best crypto exchange you’re looking for! Sign up on Millionero and take part in crypto trading today! You can also give them a follow on Twitter, Instagram, Facebook, and LinkedIn for latest updates!