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KNOW HOW CRYPTO EXCHANGE WORKS – FIND THE POPULAR AND SECURED ONE!
WHAT IS CRYPTO EXCHANGE
Crypto exchange or digital currency exchanges (DCEs) are sites or platforms that enable transactions for investors or traders to buy, sell or trade either from:
- fiat to crypto, or
- crypto to crypto
Most crypto exchanges support the top 20 crypto (other name as coin) listed on coinmarketcap.
TYPE OF CRYPTO EXCHANGE
Trading Platform – This is a website that connects buyers and sellers and charges a small fee for each transaction. Traders will buy crypto (coin or token) at low price and selling back during peak price.
Direct Trading – This platform offers one-on-one direct trade to other people (also known as crypto Escrow). Direct trade exchanges do not have fixed market prices but each seller sets their own exchange rate.
it’s easy-to-understand and user-friendly >>learn functionality<<.
WHAT YOU NEED TO KNOW BEFORE USING A CRYPTO EXCHANGE
Reputation of Exchange – search and make a due diligence through user reviews and feedback from well-known websites (forums).
Fees – Make sure you understand on deposit, transaction or withdrawal payments. Fees can vary depending on each of crypto exchange. Most of the information is available on their website.
Exchange Rates – each crypto exchanges has a different rate. Conducted a survey on regular basis, as it was not uncommon for fluctuations of up to 10% and sometimes higher in some cases
Payment and withdrawal methods – is it through credit & debit card? Wire transfer? PayPal? etc. Limited payment and withdrawal options may result in an inability to use their services.
Minimum Purchase – each crypto exchange has set a minimum purchase and withdrawal limit and it differs from one crypto exchange to another.
ID Verification – Most crypto or Bitcoin trading platforms in the US and UK require multiple verification IDs to make deposits & withdrawals. There are also a number of crypto exchange that allow you to remain anonymous.
2FA Verification – Do not register or use crypto exchanges without 2FA enable. Known as two-factor authentication, or 2FA acts as an additional layer of security for login into account. During sign-in, you’ll need both a wallet password plus a one-time passcode (OTP) generated by your preferred 2FA method of either Google Authenticator, Yubikey, or SMS code
Geographical Restrictions – Some tools or function in the platforms offered by crypto exchange are only accessible from certain countries. Make sure crypto exchange allows full access to all the functions and tools available in the platform.
BETWEEN CRYPTO COIN AND CRYPTO TOKEN
are different definitions but there are still in blockchain network.
THE BEST CRYPTO EXCHANGER
The world’s biggest crypto exchange and comes with its own coin called Binancecoin (BNB) , have low transaction fee- around 0.1% and Crypto coins cannot be exchanged with fiat.
Trading : Margin trade (with leverage) or short sell are available.
Supported Coins: Bitcoin, Bitcoin Cash, Bitcoin Gold, Ethereum, Ethereum Classic, EOS, DASH, Litecoin, NEO, GAS, ZCash, Ripple and many more.
Fixed Deposits : Subscribe your crypto to fixed lending periods for higher interest earnings.
Staking Coins : Simplest ways to stake – Start earning rewards for holding and staking coins and tokens.
Welcome Bonus : A welcome bonus will be credited into futures account once the Bonus Voucher is redeemed.
START ENJOY KICKBACK RATE 10%
WHILE TRADE ON BINANCE
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A profit sharing platform, distributing 50% of their overall revenue to holders, holding exchange based token in KuCoin Shares (KCS). The fees are comparatively lower than other crypto exchanges. No fiat currencies are acceptable.
Trading : Margin trade (with 10x leverage), Spot trading and short sell are available.
Supported coins: BTC, BCH, ETH, XRP, LTC, EOS, ADA, TRX and 62 other coins.
Fixed Deposits : 12% Interest earning of USDT Annualized profit rate
Staking Coins : Support staking and hodl assets transactions and the stake holder will be enjoyed daily Staking returns
KuCoin’s Bonus : The Holders get a 1% discount for every 1000 KCS they hold
START EARN 12%
while you trade, invest and lending a crypto coins >>at KuCoin<<
Orite, If you are interested in trading and investing in cryptos, do give a best shot…..NOW!