When deciding to dive into the world of crypto, it is inevitable that everyone of us, sooner or later, will face the decision of choosing a specific exchange to trade on. The crypto market is currently in abundance of trading platforms specializing on crypto transactions — each possessing their key benefits and specific drawbacks. Some exchanges allow you easy maneuvering in between their trading pairs, some are super user friendly, possess in built technical insights or are focused on having advanced security settings.

Although everyone seeks out different crypto exchanges with different available perks, nearly no one within the industry limits themselves to usage of a single platform. They use one for high frequency trading, focused on cryptocurrency with high liquidity, and another completely different one to ‘hunt’ for newly emerging coins… Currently, the far majority of the large trading platforms are centralized — after all, majority of traders value safety and seek a place where could deposit their money with a little peace of mind. Decentralized platforms on the other hand, are still at the beginning of their development stage and remain still much untamed and turbulent territory.

Standing in the midst of such a quantity of exchanges, the choice of opting for one or the other will very much be an individual one. However, specific guidelines should still be followed when choosing any trading platforms — remember, being prudent is still much better than being stupid.