3 factors to consider when choosing a crypto-currency exchange
Crypto-currency exchange platforms are legion. With so many options available, choosing the best crypto currency exchange app can be difficult. Here are 3 factors to consider when choosing a crypto currency exchange.
This factor is simpler than the rest. It is a kind of binary agreement. More information at https://arya.xyz/en/blog/tips-and-advice/about-cryptocurrency-platforms. Some exchanges also have country-specific website addresses. Instead of "exchange.com," for example, U.S.-based users might have to visit “exchange.us,” for example. An exchange's jurisdiction reflects not only its target market, but also where it is allowed to do business due to certain crypto currency rules and regulations.
Ease of use
New investors may feel intimidated by exchanges that display order books and have a complicated-looking interface with lots of charts and other information. If this is the case, a beginner-friendly exchange might be the best option. Some crypto currency exchange sites have “basic” and “advanced” views, allowing users to choose their layout. Others are designed specifically for those getting into crypto investing as a beginner to avoid potential confusion.
Understanding the role of liquidity in crypto currency is one of the first steps to investing in crypto currency. Traders need liquidity to be able to trade at any time without moving the market too much. This means that an exchange must have a sufficiently high volume of orders flowing through its order books on a given day. To get this volume, an exchange must have either a large number of users or users who hold a large amount of assets on the exchange and trade them frequently. If there are only a small number of orders available, there may not be anyone who wants to buy or sell the coins an investor wants to buy or sell.