If you are looking for crypto trading platforms, there are several cryptocurrency exchange sites available but you have to consider some of the essential factors before choosing it.
Don't get into the wrong platform that leads to potential loss and waste of effort.
The right platform will help users to buy, sell, and trade their cryptocurrencies safe and at ease.
Koinbazar - one of the best centralized p2p cryptocurrency exchange platform allows users to buy, sell, and trade their assets.
And also it comes with a crypto wallet that helps to store your cryptocurrencies for a long term or frequent trading.In this article, we will help in choosing the best platform as per your expectations.
And also you will find the crucial factors to look up before selecting the best cryptocurrency exchange platform.Important aspects to look for cryptocurrency or bitcoin exchange:AML or KYC:Every cryptocurrency exchange sites follow different laws.
If you are new to the cryptocurrency world, you should need to consider some factors before which crypto trading will use.Here are the 6 things to consider before choosing the best cryptocurrency exchange platform in India.1.
One of the major issues that occur in the crypto industry today is pump-and-dump schemes.
Purchasing MethodsThe method of purchasing digital assets can vary from each platform.
And also you have to take note of purchasing time because some platform process transactions instantly or others can take more days or weeks.3.
There are many variations in supported cryptocurrencies across various exchanges.
Instead of your risk appetite, you can choose the exchange which supports all the cryptocurrency that you want to purchase.4.
Before starting their journey in cryptocurrency trading, one of the major confusion that the traders have been facing every time is spot trading or margin trading & which one is suitable for us.
It takes into account within the time of the payment.For example, if you are buying $2000 worth of Ethereum (ETH) with a spot trading process, you will need to have a balance of $2000 into your account at the date of settlement (usually T+2 days of the trade).
Since you can trade from the balance which you have and also wouldn't be ended up losing more than that you have already into your account.Disadvantages of spot trading:The disadvantage of spot trading is that in some situations managing your risks could be downfall itself.
Because, you have limited balance in your account, and you can't take full benefits of good trading opportunities.
With $2000, you can make much profit from it.What is margin trading?The concept of margin trading is that, trade your funds acquired by the third party to leverage your position and it's not like spot trading.
At the time, you need to keep 1% of the amount in your account to keep the position open.
If you are new to the cryptocurrency world, you should need to consider some factors before which crypto trading will use.Here are the 6 things to consider before choosing the best cryptocurrency exchange platform in India.1.
One of the major issues that occur in the crypto industry today is pump-and-dump schemes.
Purchasing MethodsThe method of purchasing digital assets can vary from each platform.
And also you have to take note of purchasing time because some platform process transactions instantly or others can take more days or weeks.3.
There are many variations in supported cryptocurrencies across various exchanges.
Instead of your risk appetite, you can choose the exchange which supports all the cryptocurrency that you want to purchase.4.
If you are looking for crypto trading platforms, there are several cryptocurrency exchange sites available but you have to consider some of the essential factors before choosing it.
Don't get into the wrong platform that leads to potential loss and waste of effort.
The right platform will help users to buy, sell, and trade their cryptocurrencies safe and at ease.
Koinbazar - one of the best centralized p2p cryptocurrency exchange platform allows users to buy, sell, and trade their assets.
And also it comes with a crypto wallet that helps to store your cryptocurrencies for a long term or frequent trading.In this article, we will help in choosing the best platform as per your expectations.
And also you will find the crucial factors to look up before selecting the best cryptocurrency exchange platform.Important aspects to look for cryptocurrency or bitcoin exchange:AML or KYC:Every cryptocurrency exchange sites follow different laws.
Before starting their journey in cryptocurrency trading, one of the major confusion that the traders have been facing every time is spot trading or margin trading & which one is suitable for us.
It takes into account within the time of the payment.For example, if you are buying $2000 worth of Ethereum (ETH) with a spot trading process, you will need to have a balance of $2000 into your account at the date of settlement (usually T+2 days of the trade).
Since you can trade from the balance which you have and also wouldn't be ended up losing more than that you have already into your account.Disadvantages of spot trading:The disadvantage of spot trading is that in some situations managing your risks could be downfall itself.
Because, you have limited balance in your account, and you can't take full benefits of good trading opportunities.
With $2000, you can make much profit from it.What is margin trading?The concept of margin trading is that, trade your funds acquired by the third party to leverage your position and it's not like spot trading.
At the time, you need to keep 1% of the amount in your account to keep the position open.