Many insiders warn against using exchanges based in obscure corners of the world where consumer protections are weak, preferring those operating from the United States and Europe, where there are at least some regulation and consumer protection and it’s often easier to link well-protected banking services to the exchange.
Remember, if you choose an overseas exchange, you may have to wire money if you want to buy. https://cryptonewstrends.com/ Some banks may reject the transfer even if you are dealing with a licensed and reliable exchange.
Experts says customers should seek an exchange that suits their individual needs. Some, for example, serve sophisticated investors with easy systems for limit and stop-limit orders, while others are meant to serve ordinary investors who place market orders. Some restrict beginner account size to a small dollar amount and require the user to apply for a higher limit, much as one would seek approval for a margin account at a brokerage.
Insiders say any good system will offer safeguards against money laundering, procedures for knowing who its customers are, a cellphone app for trading and price tracking, and a quick and easy way to move cash between an outside bank account and the site’s “wallet,” which stores cryptocurrency and regular money.