Today we see how to choose an exchange for buying and selling our cryptocurrencies.<\/p>\n
First of all we must understand at what point of our path we are, this guide wants to be a sort of how to for complete newbies.
\nThere are some basic things to know and consider before choosing your trusted exchange.
\nLet’s start with the idea that all large exchanges tend to be more or less equivalent in the service you will use at the beginning, but moving forward you will obviously also notice substantial differences.
\nOne of the first differences that we can check is the trading location of the exchange and consequently which customers the exchange accepts, based on their country of origin or residence.
\nFor example, US clients are not always accepted on some Asian exchanges.
\nAnother difference lies in the methods of payment of crypto or, to better define it, in the method of entry into this world.
\nIn fact, not all exchanges accept fiat money deposits.
\nMany exchanges only accept stable coins and not all of them. In this case you would find yourself with some euros on your hands without knowing how to get them to your exchange and you would have to find an alternative method, such as switching from another exchange that accepts fiat money.
\nThen the usage fees must be considered.
\nWe’ve already talked about what fees are, and how they can destroy your profitability.
\nThe more expensive an exchange is, the harder it will be to make sure your trading is positive.
\nThe KYC or customer verification system is another thing to consider.
\nThere are exchanges that do not allow you to operate without your documents while others give you an operating or withdrawal limit.
\nAnd then lastly, the number and which coins are listed on the exchange.
\nChoosing an exchange with a limited number of coin is not a long-term choice, unless you are a specialist of those specific coins.
\nInstead, an exchange with a good number of coins, to which more are added, will allow you to increase your future earnings.<\/p>\n