4 Tips To Remember While Choosing The Right Bitcoin Exchange?
A Bitcoin exchange is the platform where you can buy, sell or trade BTC coins. Are you too planning to trade Bitcoins and looking for an exchange? That sounds good but before you sign up, it’s extremely important to get a market study on minimum 5-6 exchanges. Here is a list of tips you should keep in mind while choosing the right Bitcoin exchange.
- Strong Security Assurance
Security should be your top most priority. Before you go for the exchange, make sure you know everything about your exchange site or the market place. For example, the URL of your chosen site must start with “HTTPS” instead of “HTTP”. HTTPS assures you secure login. Your chosen exchange must also promise multi-signature authentication and cold wallet storage for funds.
- Fair and Reasonable Fees for Exchange
This is another vital point to remember here. Make sure you are not being charged heavily compared to the market price. The exchange fees differ from time to time or can also vary from exchange to exchange. The fees charged by your chosen exchange must tally with the market price.
- High Market Reputation
Focus on finding a reputable exchange. An exchange should command good reviews and feedbacks from customers. You can always look up online to read more about any particular exchange or even talk about it with someone who has an experience with exchange.Please click for more info for a list of some of the well reputed and reviewed exchanges.
- Assurance of Locked-In Pricing
Check out the time period that is required to receive the Bitcoin from the day of its purchase. Make sure that your exchange will offer a locked in pricing. It means that you will have to pay the exact amount as was decided on the day of your purchase even if your Bitcoins arrive late.