When you first think about investing in crypto, you need to find answers to many questions, like “What digital assets to buy?”, “What investment strategy to pick?” and “What is the safest crypto exchange for trading?”. That is, trading is not only about catching the wave of market trends and making a profit. There are many pitfalls you will face before reaching results in this field. In this article, we would like to discuss the question of choosing a platform for trading.
How Safe are Crypto Exchanges?
Beginner traders often ask this question because they do not want to put their money in a scam or fake platform, which will eventually take or block their funds without explanation. Here are some tips for you to understand if an exchange is safe to use:
- Registration. Do not be beckoned by small and unknown platforms with no official registration and documents or licenses. Better register on large exchanges with official jurisdiction and regularly undergo security audits.
- Social networks. Check out what the platform’s media look like. There must be live communication with the community, updates, and news rolled out, etc.
- The way a platform holds funds. Better choose a service that keeps users’ funds on cold wallets.
- Maybe it is even better to select a large platform that was a subject of hacker attacks in the past because, in this case, it has probably fixed all the problems and is not extremely careful to protect against similar cases.
- Customer support. People trade crypto around the clock, so there must be 24/7 support for clients.
Here are the most trusted exchanges where you can buy and sell crypto:
- Huobi Global.
WhiteBIT is the safest crypto exchange in Europe. It holds its clients’ funds in cold wallets and regularly undergoes audits to prove its safety. The exchange is officially registered in Estonia and operates in over 150 counties of the world. Check out its website and social networks, as well as a blog, where you will read many interesting guides and overviews. The blog provides a wealth of information on cryptocurrency trading and the latest developments in the industry.
The blog features regular updates on market trends and analysis, as well as detailed guides and tutorials on trading strategies, technical analysis, and risk management. Additionally, the blog covers news and announcements related to the WhiteBIT platform, such as new trading pairs and features, as well as updates on security and regulatory compliance.
The blog also includes interviews with industry experts and thought leaders, providing insights into the latest trends and developments in the world of cryptocurrency. The WhiteBIT blog is a valuable resource for traders looking to stay informed and up-to-date on the latest news and insights in the cryptocurrency industry.