{"id":1021,"date":"2022-01-21T11:11:00","date_gmt":"2022-01-21T11:11:00","guid":{"rendered":"https:\/\/wordpress-665686-4207838.cloudwaysapps.coms\/?p=1021"},"modified":"2022-09-16T12:16:29","modified_gmt":"2022-09-16T12:16:29","slug":"crypto-exchange-platforms","status":"publish","type":"post","link":"https:\/\/www.ixfi.com\/blog\/general\/crypto-exchange-platforms\/","title":{"rendered":"Crypto Exchange Platforms"},"content":{"rendered":"
<\/div>\n

It is now the year 2022. Like it or not, the crypto phenomenon is more powerful than ever before. Everybody, at one point or another, will have been engaged in a discussion about crypto. From where I\u2019m standing, this is a certain thing \u2014 regardless if it happens sooner or later. It is inevitable and it\u2019s just a matter of time.<\/p>\n\n\n\n

If the people involved in the discussion are not crypto enthusiasts, the chances are that the conversation will fade out quite quickly, after just a few exchanged remarks.<\/p>\n\n\n\n

However, if the participants are crypto fans, then they will have many things to share with each other. Just like the situation when motorcycle enthusiasts meet and start talking about bikes \u2014 it seems like they will never stop! And, at some point, somebody will definitely mention the topic of crypto exchange platforms, also known as crypto exchanges or even shorter: exchanges.<\/p>\n\n\n\n

It is very likely that each one of them will start to endorse the platform they like the most and showcase its advantages \u2014 in other words, speak about the very thing that makes their favorite exchange so good. Which is normal, because when something is close to your heart, and you are asked about it, you can\u2019t help but go on about how awesome it is.<\/p>\n\n\n\n

In this article here, my intention is to present some of the most common advantages that have been identified on the most notorious crypto exchange platforms. Let\u2019s start.<\/p><\/blockquote>\n\n\n\n

If someone were to make a list of the top crypto exchanges, they will most probably review to what degree each exchange matches the parameters below. What we will do here, is list the actual characteristics that make a great exchange, based on their priority.<\/p>\n\n\n\n

1. integration of a digital wallet<\/strong> \u2014 is it already included, or do you have to use a third-party wallet to store your cryptocurrency?<\/p>\n\n\n\n

2. level of transparency<\/strong> \u2014 are there any hidden fees?<\/p>\n\n\n\n

3. interface friendliness <\/strong>\u2014 how easy is it to use it?<\/p>\n\n\n\n

4. range of cryptocurrencies<\/strong> \u2014 how many are available? Ten? Twenty? One hundred?<\/p>\n\n\n\n

5. expensiveness of exchange rates<\/strong> \u2014 how big is the exchange\u2019s spread?<\/p>\n\n\n\n

6. integration with fiat currency<\/strong> \u2014 how many fiat currencies are available?<\/p>\n\n\n\n

7. security level <\/strong>\u2014 some exchanges keep 90% of the assets in offline vaults, while only 10% are stored online, to ensure enough liquidity<\/p>\n\n\n\n

8. available features <\/strong>\u2014 what can you do on that platform? Buy crypto, sell crypto, exchange crypto, loan crypto, stake crypto, etc.<\/p>\n\n\n\n

9. cashback<\/strong> \u2014 is there an option to get some money back from your transactions performed on that specific exchange platform?<\/p>\n\n\n\n

10. integration with major worldwide bank card issuers<\/strong>\u00a0\u2014 if the exchange has an associated bank card, in how many places in the world can it be used?<\/p>\n\n\n\n

There are some exchanges (such as\u00a0<\/em>www.ixfi.com<\/em><\/a>) that can be seen as a one-stop-shop for crypto lovers, where you can do all that you need to get done when it comes to crypto: exchange one currency with another one, buy crypto with fiat, sell crypto for fiat, loan some crypto or even put your crypto to work for you. Awesome, right? Don\u2019t forget about IXFI the next time you\u2019re searching for a crypto exchange suitable for you.<\/em><\/p>\n\n\n\n

11. social trading <\/strong>\u2014 does it offer you the possibility to copy the transactions done by another trader, who has a very good ranking?<\/p>\n\n\n\n

12. playground<\/strong> \u2014 does it have a special area, where you can try all of the features, using \u201cplay money\u201d?<\/p>\n\n\n\n

13. geo coverage<\/strong> \u2014 in how many countries of the world you can use the exchange? In all of them? Only in some countries? If yes, which are they?<\/p>\n\n\n\n

14. local regulations <\/strong>\u2014 some exchanges are \u201caccepted\u201d by the local authorities and they are subject to rules and regulations; some are not. It\u2019s a good idea to know which is which.<\/p>\n\n\n\n

15. fee policy<\/strong> \u2014 some exchanges charge you every time you make a transaction, some charge you only when you make a \u201csell\u201d transaction, some offer one day per month free for any transaction, etc. Either way, it is good to know these details.<\/p>\n\n\n\n

16. automated trading<\/strong> \u2014 some exchanges offer this feature, which is very similar to the one that you use when you set up a monthly payment to a telephone bill from your online banking app.<\/p>\n\n\n\n

17. insurance<\/strong> \u2014 is your crypto insured? Some can answer \u201cYES\u201d to this question.<\/p>\n\n\n\n

18. customer support <\/strong>\u2014 this is very important \u2014 how many channels do you have as a customer to contact the exchange platform? Email? Chat? Phone? In this case, the old saying \u201cthe more the merrier\u201d applies very well!<\/p>\n\n\n\n

19. learning\/training for users<\/strong> \u2014 the crypto exchange platform only lets you perform the actions previously learned somewhere else or does it take on the responsibility to teach you some new cool stuff?<\/p>\n\n\n\n

20. games <\/strong>\u2014 are there any games included in the platform? As difficult it would be to believe, there are some people out there that would appreciate a good gaming session between two crypto transactions.<\/p>\n\n\n\n

These are not the only important things to all crypto exchange users, but at the same time, those listed are predominantly relevant to the majority of the people that use crypto exchange platforms.<\/p>\n\n\n\n

That is why I strongly recommend taking them into consideration, the next time you look for a crypto exchange. And if you do not have time to search through all crypto exchanges, a safe bet is\u00a0www.ixfi.com<\/a>, as it has many of them already available, and most will be available in the near future.<\/p>\n\n\n\n

So make the right decision and happy exchanging.<\/p><\/blockquote>\n\n\n\n

Disclaimer:<\/em> <\/strong>The content of this article is not investment advice and does not constitute an offer or solicitation to offer or recommendation of any investment product. It is for general purposes only and does not take into account your individual needs, investment objectives, and specific financial and fiscal circumstances.<\/p>\n\n\n\n

Although the material contained in this article was prepared based on information from public and private sources that IXFI believes to be reliable, no representation, warranty, or undertaking, stated or implied, is given as to the accuracy of the information contained herein, and IXFI expressly disclaims any liability for the accuracy and completeness of the information contained in this article.<\/p>\n\n\n\n

Investment involves risk; any ideas or strategies discussed herein should therefore not be undertaken by any individual without prior consultation with a financial professional for the purpose of assessing whether the ideas or strategies that are discussed are suitable to you based on your own personal financial and fiscal objectives, needs, and risk tolerance. IXFI expressly disclaims any liability or loss incurred by any person who acts on the information, ideas, or strategies discussed herein.<\/p>\n","protected":false},"excerpt":{"rendered":"

What are their advantages?<\/p>\n","protected":false},"author":3,"featured_media":1022,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rank_math_lock_modified_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[13],"tags":[],"class_list":["post-1021","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general"],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/www.ixfi.com\/blog\/wp-content\/uploads\/2022\/06\/1_W40m35DDocwOpR6CpDQrrw.png","_links":{"self":[{"href":"https:\/\/www.ixfi.com\/blog\/wp-json\/wp\/v2\/posts\/1021","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ixfi.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ixfi.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ixfi.com\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ixfi.com\/blog\/wp-json\/wp\/v2\/comments?post=1021"}],"version-history":[{"count":3,"href":"https:\/\/www.ixfi.com\/blog\/wp-json\/wp\/v2\/posts\/1021\/revisions"}],"predecessor-version":[{"id":2375,"href":"https:\/\/www.ixfi.com\/blog\/wp-json\/wp\/v2\/posts\/1021\/revisions\/2375"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.ixfi.com\/blog\/wp-json\/wp\/v2\/media\/1022"}],"wp:attachment":[{"href":"https:\/\/www.ixfi.com\/blog\/wp-json\/wp\/v2\/media?parent=1021"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ixfi.com\/blog\/wp-json\/wp\/v2\/categories?post=1021"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ixfi.com\/blog\/wp-json\/wp\/v2\/tags?post=1021"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}