The crypto market is on rise. There was a bearish trend in the crypto scene for most parts of 2018. But we are also witnessing a bullish curve from the dawn of this year. This upward trend of the market is pulling in more aspiring crypto traders than ever. Are you too contemplating to join the bandwagon? Well, as you invest in digital assets, you need a platform or exchange to carry your crypto trades. Given the surging popularity of cryptocurrencies, there has been a mushroom growth of exchanges of late. However, not all of them can guarantee you a safe and satisfied trading experience. The post below offers a brief on the top tips to choose the best and safest crypto exchange this year.

Comparative survey

It would be unwise to settle with the first ever crypto exchange that you come across online. The rule of the thumb is to carry a comparative study on at least 4–5 exchanges before the final sign up. You should check out the regulation status of the exchanges, market reputation and user testimonials received by each exchange. Focus on the most reputed of the lot, backed by a long list of happy traders. If an exchange is regulated, it will declare it proudly somewhere on its website or whitepaper. But if you see no such mention on your chosen exchange, consider a red flag.

Mind the security

Crypto exchange hacks are nothing new and even some of the leading exchanges have been the victims. When an exchange is hacked, the worst sufferers are certainly the users. Thus, look for a crypto exchange which is extremely strict about top-notch security. Your chosen exchange must store maximum of its assets in cold wallet. For example, Decoin is a rising crypto exchange which stores 97% of its crypto assets in cold wallets to ensure optimum security. The remaining 3% is backed by insurance.

Trading fees

It would be better to go for a crypto exchange that has its own coin. Such exchanges usually offer discounted trading fees for its coin holders.

Supported tokens

Ethereum and Bitcoin are supported by all tokens. But, a bunch of altcoins are also showing promise of late. Thus, make sure your chosen exchange supports new powerful altcoins as well.

Round the clock support

Make sure your chosen crypto exchange will stand by your side in times of emergencies. Look for a reputed which offers 24/7 worldwide support.

Visit: Decoin Website