Amid numerous crypto platforms it might be challenging to find a credible and good crypto exchange. Without awareness of meaningful criteria, a beginner in the crypto industry may feel confused. In this article, we will talk about things that are inherent in every good crypto exchange and list the most common and credible platforms.
So, the most popular crypto exchanges:
- WhiteBIT crypto platform.
Key points of good cryptocurrency exchanges
First and foremost, all the crypto platforms from the list belong to a centralized type. That means, their governance pays as much attention to security as possible. Every user must register and pass KYC (know your client). This helps the exchange to monitor fraudulent activities and block those who make efforts to act illegally, protecting other users from hacker attacks. When investing, clients of centralized platforms entrust their money to them. Many platforms offer security funds to increase protection.
Large platforms like WhiteBIT crypto exchange provide a full set of tools for profitable trading and receiving passive income – spot trading, p2p, DEX, staking, etc.
Looking at daily trading volume, it is easy to understand if an exchange has many clients every day. The platforms from the list above show a significant trading volume rate, even though some of them are relatively young.
On centralized exchanges, users will find a complete list of all available digital assets. Besides, some of them allow trading fiat-crypto pairs.
Commissions of large exchanges are usually reasonable. Before starting to work with this or that site, users should check the fees policy.
Centralized sites operate officially. For example, WhiteBIT crypto platform works under European jurisdiction.
Good crypto exchanges take care of their users and propose an easy-to-handle interface that everyone may customize. WhiteBIT platform offers a demo account for beginners who need more practice to feel confident before investing real money.
Reviews on WhiteBIT platform are positive in most cases. Many clients notice quick tech support that solves their issues efficiently. Others claim WhiteBIT has the best application for smartphones. Many users pointed out a big variety of altcoins, tokens, and fiat currencies on the platform. Clients also notice that the exchange has all necessary for beginners – basic trading, margin trading, p2p, spot, and a multicurrency wallet for free.