In the world of cryptocurrency, security is paramount. Whether you’re holding Bitcoin, Ethereum, or other digital assets, you need to ensure your investments are safe.
a) Two Factor Authentication
Look for platforms that offer 2FA to add an extra layer of protection to your account.
Ensure that the exchange keeps a majority of your funds in cold storage, which is offline and less vulnerable to hacking.
b) Cold Storage
Some exchanges offer insurance coverage to protect your assets in case of breaches. It’s worth checking if your chosen exchange provides this.
c) Insurance Policies
If you’re new to crypto or just prefer a straightforward approach, the platform’s user experience is a crucial factor. You want a platform that’s intuitive and easy to navigate
2) User Experinces
Does the exchange offer a robust mobile application? Platforms like WazirX and ZebPay provide well-designed apps that allow you to trade crypto on the go with ease.
a) Mobile App:
Is the platform user-friendly, with simple navigation and clear charts for market data? A clean and clear design helps you make decisions faster.
b) Interface:
Each exchange has its own pricing model, so it’s important to compare them before you commit. Some platforms charge trading fees, withdrawal fees, or even fees for certain payment methods.
3) Fee Structure
Does the platform charge a flat fee per transaction or a percentage? Be sure to calculate the overall cost of each trade.