Taken into account the volatility of the cryptocurrency market more and more investors get interested in investing in cryptocurrencies.
Since it can be confusing to choose among exchanges, in this post we will discuss some essential tips that investors should consider when choosing an exchange to trade cryptocurrencies.
💵 One of the most important indicators of a successful exchange is its trading volume. A high trading volume is a sign that a lot of people use the exchange and that gives a sense of trustworthiness and credibility. However, the trading volume📈 is not an indicator of a security 🔐, which is the other indicator of a decent exchange platform. For a platform to have a sufficient level of security it must lack hack history and have at least 2 factor authentification to ensure basic account protection.
Another crucial indicator is the way of operation that dictates the regulations and the level of acitivities allowed. Ω If you are interested in active trade you should also look into the number of cryptocurrencies traded and make sure that the ones that passed your fundamental analysis are listed on the desired exchange.
Finally, it is important to bear in mind the fee structure📃 of the exchange in order to make reasonable decisions in terms of investments.
JOIN WITH L2 EXCHANGE COMMUNITY!
The cryptocurrency world is at a very early stage with many points of growth for new ways of making the current exchange system better and introducing new financial products.
Level 2 succeeds in both ways. First, enhancing the current level of centralized exchanges to the maximum with FPGA tech allowing for latency as never seen before and customer orientation as top priority with deep understanding of what creates liquidity on the crypto market. And secondly, providing a new product on the verge of centralization and decentralization providing safe custody with access to liquidity in trading.
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