What is the Best Place for Buying Cryptocurrency?

Now that the entire cryptocurrency market has crashed, we are witnessing the collapse of the major cryptocurrencies. The first to fall was Bitcoin. One of the reasons was that Binance stopped withdrawing BTC. Following the leading asset, other digital coins also experienced sharp declines. However, these ups and downs are typical for the cryptocurrency market, and after a while, things will become more optimistic again. And now is a good time to buy cryptocurrencies at low prices and hold them in the long term until the market trend changes.

All the processes of buying, selling, and exchanging crypto coins occur on a cryptocurrency trading platform. What is it, and which is better to use? Let’s discuss it.

What Cryptocurrency Exchange is the Best?

Here are some recommendations for choosing a platform to buy crypto:

• Jurisdiction. It should be a state with a developed legal framework, not just another island. Check where the platform is registered and whether it operates legally.

• Age. It is advisable to choose an exchange that offers services for at least one year.
• Reviews. If the exchange works, it will not be difficult to find reviews about it, at least 90% of comments should be positive.
• Cryptocurrency prices. Pay attention to the price of digital assets on cryptocurrency platforms. Smaller and less reliable services tend to offer higher rates. Usually, large and reliable crypto exchanges have around the same level of prices.
• Adequate financial reserves – sufficient liquidity. Otherwise, there will always be liquidity problems.
• 24/7 work. The exchange should operate in automatic or at least semi-automatic mode.

If the exchange meets most of the above requirements, it is considered to be a safe place for trading.

We recommend trusted cryptocurrency platforms such as Binance, WhiteBIT, FTX and KuCoin. They offer solid protection for user accounts, as well as a wide range of digital assets to buy. Besides, these centralized platforms make it possible to buy cryptocurrency with fiat money right from your bank card.