Re: What are the factors you consider when trading alts on every crypto exchange?
There are loads of cryptocurrency exchanges right now in the market which makes it hard to choose specially for newbies but ofcourse there are things you need to consider on choosing them..
First is the security, you need to make sure that your funds are secured when its on an exchange.
Second is the service, You trade and use their exchange 24/7 so the service should also be 24/7 incase some problem occurs and the exchange who always have giveaways/events and low fees .
The third one for me is the liquidity, the higher and bigger liquidity is,the better for you.. Since it will give you Better and Fair Prices, Market Stability, Quick Transaction Time and ofcourse a better TA which is important in terms of swing tradings.
First is the security, you need to make sure that your funds are secured when its on an exchange.
Second is the service, You trade and use their exchange 24/7 so the service should also be 24/7 incase some problem occurs and the exchange who always have giveaways/events and low fees .
The third one for me is the liquidity, the higher and bigger liquidity is,the better for you.. Since it will give you Better and Fair Prices, Market Stability, Quick Transaction Time and ofcourse a better TA which is important in terms of swing tradings.
Top tier exchanges are obviously still the best choice right? I mean, the trust is already there and a big community that can help you in case you get lost (for newbies) I was a literal noob when I invested on xrp last year and I was learning to trade. I got an advice to just get into top tier exchanges if I don't want to waste any of my time, so I decided to just start my trade with kucoin's xrp pair (for reference: https://trade.kucoin.com/XRP-BTC).
Top tier exchanges already got a decent number of volume in the market and I have tons of reasons to keep using 'em as well, I care mostly on how an exchange communicate with its community - It would be ideal if they have a 24/7 support to answer all my queries then the security comes second.
