The past decade has seen a modern-day gold rush (in a manner of speaking) in cryptocurrency. It has revolutionized everything from trading to savings and insurance. As of December 2021, the market cap of the asset class was at $2.21 trillion, with an average trade volume of $120 billion per day.
Now is the chance to do so for those who have not yet participated in the rally. You can trade in crypto on one of the many trading platforms. Click here to register now. With over ten thousand cryptocurrencies, it can be challenging to pick a reliable platform. This is how you can find an exchange you can trust.
Easy to Register
Filling out the form is the most mundane task when opening an account. Most exchanges need you to fill in your details and complete the KYC (know your client) formalities before accessing the platform.
That said, the KYC process can be done over your smartphone and is pretty simple. Some exchanges do not require any KYC, but beware, not all may be trustworthy.
Low Fees
Crypto trading has two transactions, making or taking. The transaction fee for each varies from platform to platform. Price can range from 0.015% to 0.70%. Ensure that the exchange gives clear disclosures about the various costs, and you will be charged for multiple services. Please stay away from those who do not state their accounts upfront.
Best Rated
Crypto exchanges now have rating agencies to make it easy to pick one. CER.live rates exchanges on various parameters and provides educational content on the asset class. The different rating specs used by CER.live are security rating, penetration test, proof of funds, bug bounty, and certification level.
Highly Secure
Keeping your wallet secure is necessary to safeguard your assets. It is best to use your own “cold” wallet instead of the exchange’s default one to get an extra layer of security. There is no connection between the cold wallets and the internet, making them less vulnerable to cyberattacks. About $3.2 billion worth of crypto was stolen in 2021.
Therefore, you must use all possible security measures to buy USDT and protect your assets. You can also spread your trades across platforms to protect them from an entire exchange if being attacked. As the saying goes, it is not prudent to keep all your eggs in one basket.
Accessibility
More than forty-two countries have banned crypto either entirely or placed high restrictions on their acceptance. Therefore, check your country and local regulations before you begin to trade.
The main concern behind the ban is that since the funding source is not accountable, it can funnel illegal money. Countries like the U.S. and New Zealand have allowed their citizens to trade in this currency.
Trading in crypto offers a lucrative opportunity due to a growing acceptance of the non-conventional currency. Click here to begin your crypto journey today. Use the above points to pick a reliable trading platform that is not only easy to register on but also keeps your transactions secure, and all this at low fees.
