Since the development of bitcoins in 2009, the financial market has been very influenced by cryptocurrencies. In 2009 very few people knew about the term cryptocurrency but with time the term got famous and nowadays maximum population of the world is aware of cryptocurrency and a large section of the people is investing in bitcoins, Ethereum, and many other cryptocurrencies and assets available in the crypto market. In the beginning, very few people knew about bitcoins, and hence only a few platforms were available for the exchange of cryptocurrency but now various platforms allow the user to buy, sell or lend their cryptocurrency or crypto assets.
With the increase in the number of platforms available for the exchange of bitcoins and other cryptocurrencies the threat of cyber-crime, hacking and fraud is also increasing. There have been a lot of cases in which people invest their money in the crypto market through third-party platforms which are easily available all over the internet and lose their hard-earned money to some kind of fraud or cyber-attack. Due to the availability of several exchanges, it gets difficult to choose the safe one in which our assets will be secured and the environment should be user-friendly. Now the question is what is Cryptocurrency exchange and how can a user find the best one for the services? If you are a newbie you can visit HOW TO INVEST to gain more information about trading.
The cryptocurrency exchange is a kind of platform that acts like a bank in which the user can sell, buy, lend or store his/her crypto assets. In these exchanges, people put their fiat money and buy the crypto assets with it. These exchanges can be accessed by the user through a browser, application, or mobile phone. Here the user gets confused with the term broker because unlike brokers the exchanges are not governed by the central banks or organizations and the price of the cryptocurrency depends solely on its performance. In exchanges, there are no fees charged by the platforms hence reducing the money spent on transaction purposes.
Safe cryptocurrency exchanges
In 2022 the no. of exchanges has grown and hence it is difficult to find the secure and best one. So given below is the list of the cryptocurrency exchanges one can opt for in today’s time keeping the concern of safety.
Whenever there is debate about the best platforms available for the buying and selling of cryptocurrency, Coinbase has always topped the chart. It is because the coinbase works in a dual space. Those who want premium services can switch to coinbase pro and the other half can use the coin base. It is very user-friendly, especially for beginners. The working interface of the coinbase is easy and understandable.
One of the most trusted and used exchanges is Binance because of its user-friendly interface and wide range of crypto assets available. It is a global-level platform in which people can buy, sell and store their crypto assets very easily. It has only one drawback: it provides limited services to the people living in the USA.
Kraken is one of the oldest exchanges in the cyber world for cryptocurrency purposes. It also acts like a coinbase and has two interfaces namely Kraken and Kraken pro. The Kraken Pro is generally considered for the pro-level traders who have some knowledge about the market
This is based in Singapore and is used globally due to its flexibility and ease provided by it. Millions of users rely on this platform due to its acceptance and popularity at the global level. This is due to the reason that it is often called people’s exchange.