So, you’ve done a fair amount of research into your crypto exchange company choice, have you? That’s awesome! It pays to be informed before making a final decision.
There are a few extra factors that we consider quite important that you may want to look into though. Read on to learn what they are!
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#1 – Transparent Fees
You may know about the fees which the exchange company has told you about already, but how can you know if there are hidden fees that you aren’t aware of yet? Many suspicious sites allow you in for very little and then hit you with unnecessary hidden fees that were never mentioned before you signed up.
The best way to learn about these is to check out customer reviews and see if anyone has complained about such things. Usually, a good many customers will spill the beans, allowing you to learn about it beforehand.
#2 – A Good Variety of Coins
Bitcoin isn’t the only contender these days. There are hundreds of other coins out there now. While all forms of cryptocurrency are highly volatile, there are always times when certain coins are at a good buying or selling point. You want to have access to as many types of coins as possible to keep your options open.
#3 – Local Customer Support
While you can utilize a crypto exchange from overseas, it is so much simpler to use a local one. You avoid taxing issues and sudden legal changes in other countries’ regulations. It also tends to provide you with available customer support during the hours that you would likely be online.
These are just a few of the extra things we suggest you consider before making your final decision. Good luck and happy crypto trading!
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