There are many crypto trading platforms in the market, and it isn’t easy to know which one best suits your needs. I’m here to help you make that decision. The criteria we will be using while making the comparisons are Cost, Speed, Security, and many more, and we’ll be ranking them accordingly. There are multiple crypto trading platforms available to choose from, so here are some essential factors to consider while making your decision.
1. Security level:
Consider the level of security that is required for your particular needs. For example, if you need robust security features like two-factor authentication, then be sure that the platform offers them. If not, then find an alternative with these features built-in instead.
2. Transaction Fees:
There are many crypto trading platforms available, and with different levels of transaction fees, it is essential to consider them before making your choice. For example, some platforms may charge you a higher fee for making a transaction as an individual than some other trading platforms like that charge a lower fee.
3. Airdrops/Free Coins:
Some platforms will offer free coins to entice you, but others offer a bonus if you choose their platform to trade on, so consider carefully before choosing which one you want to trade on.
4. Price Support and reviews:
Some trading platforms may offer price support and other things like this, but you have to check their terms and conditions before choosing which platform to trade on. As always, research the company and read reviews before depositing funds or handing over your details to anyone.
5. Customer Support:
Most of the time, you’ll want to deal with customer support at some point because of problems or issues with your account management or trading, so be sure that the trading platform that you choose has a responsive customer support team available. And in the case of a non-responsive team, find the most suitable trading app for you.
6. Country of Origin:
Some countries are not so friendly to cryptocurrency trading. However, some are more accepting of cryptocurrency traders as long as they operate legally within their jurisdiction.
7. Mobile Platforms and laws associated:
Be sure the platform you choose has an app you can use on your mobile device, whether smartphone or tablet. Also, be sure the country where the crypto trading platform is located has not banned crypto or crypto exchanges before depositing funds there or trading there to ensure your funds will not be lost in any way. And if you’re using a platform outside of your own country, make sure it’s legal for them to be operating in that particular country.
8. Commission and trading limits:
Most of the time, you’ll be charged a commission whenever you make a transaction on the platform, and the rates will vary depending on which platform you choose to trade on. In addition, some platforms will limit your trading limits to a certain extent, after which you will be unable to trade anymore for that day or week, etc.
9. Extra Services:
Some platforms offer other services like bonuses, trading tools, technical support, etc. These services may or may not be provided by the trading platform itself but can also be offered by third parties affiliated with it somehow.
Benefits Of Making Payments With Bitcoin
Most of the time, people think that all the benefits are with merchants who accept bitcoins as payment for goods or services, but that is not always true. Some of the most significant benefits include:
- Paying with Bitcoin does not require an intermediary or third party
Because paying with bitcoins does not require a third party, you are the only one who can control your funds which means no bank account is needed. And because you are the one who controls your bitcoins at all times, there is also no chance of having your bitcoins seized.
- Charges for making transactions using Bitcoin are lower.
Many people believe that paying with Bitcoin is more expensive than paying with credit cards and other payment methods, but that isn’t true most of the time. Many people think this way because they do not know any better, and they are relying on information that is sometimes out of date. Because bitcoins are a scarce resource, the rates for transactions are relatively low, and as long as you pay with bitcoins, you will most likely be charged at a lower rate than if you were to pay with another payment method.
- You are in control of your private keys because you own the bitcoins
When paying with Bitcoins, your private keys remain in your possession until the transaction is completed. And because no third party needs to be involved, there is also no chance of having your funds seized.