Bitcoin exchange is an online platform that you can use to buy and sell bitcoin with great ease and convenience. There are numerous bitcoin exchanges over the Internet, but all of them are not safe. You can click on http://bitcoin-pro.app/ to make massive profits with bitcoin trading. So, if you are looking for a safe and reliable bitcoin exchange, you must consider the following factors and pick only that platform that suits all your needs and requirements.
Exchange fees
There is numerous online bitcoin exchange, and each one of them charges some fees from the users to buy bitcoins. The fee structure varies from exchange to exchange, so it is important that you must check the fees charged by it before you choose an online platform for buying bitcoins. Bitcoin is already an expensive cryptocurrency, and if you are running on a tight budget, you wouldn’t like to pay any extra transaction charges while buying it. So, you must make a list of some top bitcoin exchanges and compare their fees and charges.
You must choose a bitcoin exchange that charges a reasonable fee so that you can buy bitcoins and make transactions at minimum cost. Moreover, if you only make bitcoin transactions occasionally, you need not worry about the charges, but if you need to buy and sell bitcoins on a regular basis, you must pick an exchange that is reliable and allows you to exchange bitcoins at a minimum price.
Order volume
With so many bitcoin exchanges opening up over the Internet, it has become a challenging task to choose the best one. So, if you are facing the same difficulty, you can simply have a look at the order volume of the exchange as it will give you a clear idea about the number of users using that exchange. Order volume refers to the number of orders placed on the exchange in a certain time period. If the order volume is higher, it is a clear indicator that maximum bitcoin users trust that platform, so it must be safe and reliable.
Moreover, high trading volume ensures that the exchange offered excellent liquidity. With more people using the platform for trading bitcoins, you will be able to sell bitcoins with great ease and comfort. So, you must check the order book of the exchange before choosing it for buying bitcoin. If the platform doesn’t have an order book, you must stay away from it as it is a clear sign that it not a safe and reliable platform.
Transfer time
Transfer time refers to the amount of time that exchange will take to transfer the bitcoin to your wallet after you make the purchase. Some exchanges transfer the bitcoin instantly, whereas some of them take some hours or days to complete the transfer. So, you must check it beforehand so that you won’t have to face any problems later on. Moreover, you must pick a bitcoin exchange that offers the option of ‘locked in’ pricing. It means that you will be only charged with that price at which you made the purchase, even if the price is different at the time the platform is transferring the bitcoins.
The facility of fiat exchange
Fiat exchange is a feature that allows you to turn the bitcoin into fiat currency and exit the market. The crypto world is full of uncertainties, so you never know when things got ugly for you, and you have to leave the market. So, to avoid facing any issues in such a situation, you must choose a bitcoin exchange that offers the feature of fiat exchange. It will allow you to convert the bitcoins into the local currency and exit the investment easily. Along with the fiat exchange, you also need to check that if the platform is compatible with your bank accounts. If it doesn’t support your bank account, you must leave it and choose another exchange.
If you don’t want anyone to know that you are buying bitcoins, you must check the anonymity offered by the bitcoin exchange. You must check if it follows any KYC requirements and its privacy policies. It will ensure that your identity is hidden, and you can purchase bitcoins anonymously.
