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Able to dive into cryptocurrency investing and trading?

Countless platforms around the globe are waiting to give you access to 1000s of digital currencies. With a lot of features, minus the coupon-clipping where to locate the top cryptocurrency exchanges and apps. When shopping around for crypto platforms, search for the following features and perks.

1. Crypto selection

The amount of currencies you can do business with varies wildly among exchanges. For example, Coinmama has 10 currencies on its platform, although some offer hundreds. If you are a novice trader, you could be only seeking Bitcoin and maybe a number of other popular currencies, so a wide array could overcomplicate the working platform for you personally. But if you’re more capable and also have the time for you to seek information, it’s advisable an exchange using a big selection that also includes lesser-known coins it is possible to spend money on early.

2. Security

Due to deficiency of government regulation as well as black-market use, crypto may appear sketchy to some. Most major platforms like Kraken realize this and take serious precautions to maintain your personal and financial information safe and protect your holdings from theft. Seek out security measures like two-factor authentication (2FA), encryption, and cold storage (offline storage to shield against theft and hacking).

3. Fees

As competition increases and risk decreases, fees in the industry will likely standardize and drop across the board. For the present time, you can find a wide variety. On robust exchanges, you’ll usually face a trading fee and potential extra commission costs. Platforms might also impose a fee for deposits and withdrawals.

4. Availability

Depending on regulations, seeking the exchange during your country while stating? Automobile exchange isn’t accessible in your state now, be on the lookout, because publication rack regularly expanding. On the bright side, in case you are having an international exchange, keep in mind regulatory changes that may allow it to be illegal to make use of an exchange in your country. Platforms ought to keep you up-to-date, but swift changes and poor customer satisfaction are not uncommon. So it is a good idea to check for yourself.

5. Buy/trade options

To finance your money and get crypto, you might connect your bank account to transfer funds. Or you may also use a credit or debit card. Some platforms could even allow crypto-to-crypto trades, although some won’t.

6. Wallet

Its not all exchange platform has a wallet to house your crypto holdings. To be able to manage your bank account and trading one platform are often more convenient. But if you’re holding a great deal of crypto, you most likely want an external cold wallet for additional security.

7. Interest or rewards

Like traditional bank accounts, some crypto platforms offer rewards on the holdings to encourage one to maintain money on their platform. Some accounts yield as much as 10% on certain coins once you have a minimum balance. Unfortunately, unlike traditional bank accounts, your holdings aren’t FDIC-insured. If your crypto platform fails, there isn’t any guarantee you will get a reimbursement.

8. Mobile apps

Crypto may be the currency into the future, however, not every platform is up to speed together with the technology of at this time. A robust and user-friendly investment mobile app could help manage your crypto account to make trades on the run without navigating a clunky mobile website.

9. Customer care

Crypto platforms don’t also have the very best customer care. This is a shame just like anything ever goes completely wrong with your account, you will want an exchange that may quickly react to your needs. If however, you run into an exchange with good marks for service, this is the huge perk that may seriously boost your experience.

10. Debit card

Some platforms will include a debit card you can use to make purchases directly from your crypto account without first exchanging for fiat currencies (like U.S. dollars).

11. Rewards credit card

A couple of platforms, including BlockFi, give a bank card that lets you earn crypto rewards for the purchases.

Choosing a crypto exchange can be difficult. In case you are just getting started in crypto investing, watching the aforementioned features can keep you getting overwhelmed.

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