Ready to Invest In Crypto? Here Are Some Things You Should Know Beforehand

  • Strong encryption
  • Two-factor authentication (2FA, username, and password plus a piece of information only you have)
  • Cold storage (i.e., offline storage)
  • Make sure you choose one with good customer service
  • Keep an eye on regulatory changes in case it becomes illegal in your country to trade with that specific exchange
  • Brokers: The forex brokers of crypto set prices, while buyers can use their platform to purchase cryptocurrencies.
  • P2P exchanges: They connect buyers and sellers so that they can directly interact and agree on transactions. They provide a secure system for crypto exchange.
  • Trading platforms: Where the sellers place their cryptocurrencies, and buyers place their orders. Platforms usually charge a transaction fee.
  • Customer feedback
  • Reviews
  • Community forums like Bitcoin Reddit or Bitcoin Forum

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store