Now more and more people are interested in cryptocurrency So what should novices pay attention to? How to choose cryptocurrency exchange? This article will answer in detail.
what is cryptocurrency?
Cryptocurrency, sometimes called crypto-currency or crypto, is any form of currency that exists digitally or virtually and uses cryptography to secure transactions. Cryptocurrencies don't have a central issuing or regulating authority, instead using a decentralized system to record transactions and issue new units.
How to choose cryptocurrency exchange?
There are a few different factors to consider when looking for a cryptocurrency exchange. Here are a few we recommend you look into before choosing one:
Accessibility: Not all states or countries allow access to every crypto exchange, so make sure whichever exchange you choose is available where you live.
Security: Different exchanges offer different security measures and insurance policies
Fees: Understand what it will cost you to buy and sell crypto on the exchange you choose
Coins offered: Some exchanges offer only a limited amount of coins
Storage: Many exchanges come with an associated crypto wallet offering to help you keep your investment secure
The Best Crypto Exchange for Beginners : Coinbase
Why we chose it: We chose Coinbase as the best crypto exchange for beginners because of its easy-to-use interface, extensive educational material on everything from blockchain to volatility, and robust security features.
If you¡¯re familiar with crypto, chances are you¡¯ve already heard of Coinbase. The exchange is one of the largest and most well-known in the U.S., and its debut on the public market last year was seen by many as a legitimization of the crypto market.
The Coinbase platform does a great job of lowering the barrier to entry for investing in crypto, with a straightforward onboarding process that eases users into trading. At the same time, its interface makes navigating the platform and managing crypto a seamless experience.
Coinbase also features a comprehensive and accessible variety of learning materials. Users are encouraged to use these resources through the Coinbase Earn program, which teaches how to trade specific cryptocurrencies and rewards users with free crypto.
Lastly, the exchange¡¯s security features are worth mentioning: Coinbase uses two-factor authentication on all versions of its platform, stores 98% of customers¡¯ crypto offline, and has an insurance policy to protect crypto holdings of up to $250,000 (per FDIC coverage limits). Such robust measures are why Coinbase is ultimately worth it, despite the higher fees.
Users who enjoy Coinbase but would like more advanced charting and trading features may want to look at the company¡¯s other exchange platform, Coinbase Pro.
Disclaimer: Cryptocurrency investment is subject to high market risk. TOPSINCRYPTO is not responsible for any of your trading losses. The opinions and statements made above should not be considered financial advice.
