What is your favorite cryptocurrency exchange?
Although bitcoin was first created in 2009, yet cryptocurrency is relatively new concept. Its industry is not easy to understand. However, for the past few years, cryptocurrency has got attention due to its growing market. Since every cryptocurrency user has his unique needs, so there is no one size fit for all crypto exchanges. Although Coinbase is among one of the most popular cryptocurrency exchange, yet it not the only option available.
When selecting for cryptocurrency exchange, the following points should be kept in mind:
1- When we are using the cryptocurrency exchange for trading, one thing that is very important is customer service of that exchange. Most of the exchanges are new and they are struggling hard to meet the customer satisfaction by overcoming their trading issues. So it is important to find an exchange that has 24/7 dedicated and efficient customer support.
2- Another important concern of users in security. In the recent past, some of the crypto currencies were hacked resulting to loss of millions worth of user’s investment. So the user must choose that cryptocurrency which has secured its platform and also it must have made obligatory for each user to turn on second security layer as 2FA authentication.
3- The exchange should have all the necessary information available at their website. It is very useful especially for new users because the concept of cryptocurrency is very confusing for new users and they want to be very clear before staking their investment. It could save a lot of time also. For example, Apollo is making new entry in cryptocurrency exchanges. It has plans to incorporate video tutorials on their website to answer the commonly asked questions about cryptocurrency.
4- There are also other factors which can’t be ignored, i.e. payment methods, trading fees, supported countries, privacy, trading limits, reputation, liquidity, coins delivery and any past exchange hacks.
So which cryptocurrency exchange do you prefer to use for trading? Personally, I use Binance for trading. It is secure, user friendly and its customer support is also good. It responds to customer problems often very quickly. For quick trade, I prefer to use @blocktrades exchange service which is very simple and offers quick delivery of coins.
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I have to say that Binance is the best...despite I don't like how they did during the steem/hive fork
Kraken and @blocktrades
Hello dear @munawar !
Thank you for posting in our HODL Community, we truly appreciate the quality of your post and I like how you formulated the different important things an exchange needs to be good. I personnaly use Kraken, Binance (yeahhh I know I don't like CZ either), a lot of AMM and lately Crypto.com (mostly for the card and rewards/cashback).
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