crypto trading

Cryptocurrency might be the talk of the town this decade, with the rising adoption and acceptance of these digital currencies globally, and even regionally in Southeast Asia. With the option to invest in a plethora of digital projects and objects, all it takes is a quick sign up and users are on their way to handling their assets and investments online.

Despite this, there are a few key details individuals should take note of before starting their journey on a new exchange or investing in cryptocurrencies.

From security to ease of usage, and even the variety of currencies, here are some ways experienced and amateur traders can invest successfully, without having to jump through hoops with each strategic move made.

The accessibility of Fiat

Crypto trading has not always been the easiest trading option when it first began.

No longer does a user need to scour through forums to understand how they should go about purchasing a single token, with the constant launches of platforms and exchanges, buying, selling, and trading via cryptocurrency has been easier than ever.

However, certain platforms still require the need for fiat currency to be exchanged into bitcoins before users can begin trading.

For the greatest ease of usage, exchanges that include fiat accessibility allow for trades to not only retain their value against USDT/USDC, it also provides individuals with the ability to make on-ramp and off-ramp conversions through wire transfers and credit cards.

With most traders using several exchanges simultaneously, a platform that includes fiat services not only lowers the barriers of entry for new users but also allows well-versed traders with an effortless and quick experience.

Also Read: PDAX raises US$12.5M to take advantage of the popularity of cryptocurrencies in Philippines

Better secure than sorry

Despite the attractiveness of crypto trading, most platforms aren’t entirely impervious to the perils of cyber hacking. Simply due to the nature of cryptocurrencies, such uncertainties can be easily avoidable and contained through proper licensing and certifications that exchange can implement.

Besides following each country’s rules and regulations, or even saving funds offline with a private key, discerning users can look out for KYC & AML to avoid situations linking to potential frauds.

One such platform that champions user experience and security is ABCC Exchange, a crypto trading tool with strict practices that filter out fraudulent activities. Through their AI technology, the exchange scans global databases to identify each trader’s identity.

As an added layer of protection, all deposit and withdrawal addresses are examined before the transfer of funds, providing every user with ease of mind trading on its secure platform.

Digital variety is wealth

One of the most common ways users tend to pick an exchange is typically based on the platform’s product offering. Whether it’s the sudden popularity of a cryptocurrency due to social media or the rising price of a certain token, each exchange has its own listing procedures or committee that conducts thorough analysis and reviews to not only benefit its users but newly listed projects as well.

Besides looking out for the typical BTC, ERC20, or TRC20, platforms like ABCC Exchange also support projects from BSC, Solana, Polygon, and Polkadot ecosystems to ease its user’s experience.

Individuals are able to trade project tokens within different ecosystems effortlessly and instantly while being able to read published information and watch tutorials as part of their research before taking the trading plunge.

In addition to this, the focus on having different product offerings provides a quick look into an exchange’s usability and activities.

From understanding whether trading can be possible with tighter spreads, lesser bid or ask price difference, to looking at the volume being traded and how it responds to price volatility, users can gauge whether a platform has the ability to fill their orders promptly.

Whether you’re an experienced or newly-minted trader, with the constant evolution of the cryptocurrency industry keeping everyone on their toes, there is better no way to secure each trade and transaction than with a trusted platform.

Also Read: How Binance acquired 35 per cent market share in a year with its new crypto derivatives line

As crypto exchanges keep launching, ensuring that security, product variety, and usability are the pillars to finding a reliable platform, anyone will be able to trade the next new token within a matter of minutes.

Editor’s note: e27 aims to foster thought leadership by publishing views from the community. Share your opinion by submitting an article, video, podcast, or infographic

Join our e27 Telegram group, FB community, or like the e27 Facebook page

Image Credit: melpomen

The post 3 key pillars of crypto trading for the modern trader appeared first on e27.

content first appear on e27

Leave a Reply

Your email address will not be published.