The much Bitcoin to safely Hold Safely in Your Digital Wallet
02.07.2022
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Each passing day, new cryptocurrency investors join the fray by ambitiously buying some of the…
Here are the Leading Cryptocurrency Exchange for you
An Head start on cryptocurrency exchange
Something that always sticks out at the back of everyone’s mind is where exactly to start the long and sometimes treacherous journey of crypto investing. Up until now, it is public knowledge that here is no physical bank that issues people with cryptocurrency as it is a digital currency.
WARNING: Investing in crypto, or other markets, can be of a high risk for your savings. Do not invest money you cannot afford to lose, because there is a risk for losing all of your money when investing in crypto, stocks, CFDs or other investments options. For example 77% of retail CFD accounts lose money.
In an ordinary situation, someone holding a Euro bill in cash or a bank account and in need of a US dollar will simply walk to an exchange bureau or order for a change at a bank of choice. In this case, the bank or exchange bureau acts as an intermediary that allows people access to a currency of choice from whatever they have. The case is different when it comes to cryptocurrency as they are digital currencies.
Instead or walking to an exchange bureau or ordering a change of currency in a bank account as people do any other day, cryptocurrency exchange is the dealer in fiat currency-crypto conversion. Whether you have a euro, US dollar, Franc or whichever fiat money, a cryptocurrency exchange of choice will issue you with an equivalent crypto. All you need is create a crypto wallet and proceed with changing your money. All these transactions happen online so no need to struggle around looking for a crypto exchange banking hall.
This is crypto exchanges for starters
The cryptocurrency market can be devastating for beginners. This is because of the high amount of jargon as well as processes involved. For anyone who wants to purchase or sell cryptocurrencies, the first step should be opening an account with a cryptocurrency exchange.
Crypto exchanges work like online brokerage platforms. It provides the tools that one needs to buy and sell digital currencies and even tokens, including Dogecoin, Ethereum, and Bitcoin. The factors you should consider when choosing a cryptocurrency exchange include security, payment methods, fees, and assets.
Etoro, your Cryptocurrency Exchange
The company was established in 2007. It is a good cryptocurrency exchange as it provides commission-free stock trading. Besides, the account opening process is seamless and fast. Moreover, it has a feature called social trading that enables you to copy other traders’ strategies.
eToro is good because it provides access to over 30 cryptocurrencies. The crypto exchange platform is available globally. For instance, currently, it has over 20 million users in about 140 nations globally. Which company offers virtual trading? It is eToro that provides that service. Every new eToro account gets about $100,00 in the virtual trading account. Thus, giving one the chance to practice trading with play money.
Is eToro a scam? No, it is not, as varied financial regulators regulates it. Although eToro is good, it has some shortcomings. For instance, it has very high non-trading fees. Moreover, it just has one account base currency. Lastly, at times, the customer service seems not to be helpful, and that is where they should improve.
The main features of eToro
- The regulating nations include Australia, Cyprus, and United Kingdom
- The trading fees class is low
- Only one base currency is supported
- eToro offers a demo account
- The products provided are Crypto, CFD, ETF, Forex as well as Stock
- There is the availability of making deposits using an electronic wallet
- You can also make deposits using a bank card
- The minimum amount you can deposit is $200, and the withdrawal fee is $5
- The platform also charges inactivity fees in case you do not log in regularly to your account.
Binance Cryptocurrency Exchange
Are you an advanced trader? Then you should try Binance it has all the qualities you may be looking for in a crypto exchange. It is mainly recommended for the experienced who understand what they are doing. The good thing about this crypto exchange is that it offers low trading fees. Moreover, it gives the investors the chance to select from a wide variety of cryptocurrencies traded globally.
Binance has high-speed trade execution. Its founder matched orders for the high-speed traders. Also, it provides about 60 cryptocurrencies at Binance. He-Yi and Changpeng founded the company. It is a good place where you can safely invest.
The pros of Binance include the fact that it is a highly trusted brand in crypto. Also, when using the native Binance tokens then, you can enjoy reduced trading fees. The interface is one of the best and very easy to use. Moreover, it provides low transaction fees. Concerning the assets, they are usually insured in case of security breaches. The process of opening an account is also fast.
Apart from the pros, Binance also has some cons. For instance, it may be overwhelming for individuals who are new to the crypto world. Also, it does not offer daily market analysis. Lastly, the platform does not support traditional payment methods.
