Hotbit users continue to withdraw assets from the platform, and many of them are faced with the difficult task of choosing a new platform for cryptocurrency transactions. In this article, we will review the main characteristics of crypto-exchanges, which you should pay attention to when choosing a reliable platform for buying and selling cryptoassets.
Key characteristics of a reliable exchange
A crypto exchange must meet certain requirements in order to gain the trust of investors, both from a technical point of view and from a security point of view. Let’s look at the main features of such a platform.
High level of security
The most important characteristic of a good exchange is its level of security. Security is a fundamental prerequisite for building a financial institution and gaining investor confidence. Because of the risk of cyberattacks, security is a serious and important issue for any cryptocurrency.
A team of technical experts
There is always a team of technical experts behind reliable crypto-exchanges. In many cases, a weak team acts as a barrier to progress and development of crypto exchanges.
Funding and trust
A reliable exchange must have financial backing. Viewing records and monitoring user actions allows you to assess the reliability and financial health of the crypto-exchange. In order to be accurate, the data provided from the crypto-exchange must match the real information.
User-friendly interface
Many well-known crypto-exchanges have complicated user interfaces that confuse users and make it difficult to use the platform. A good crypto exchange must have a user-friendly interface where customers can easily and quickly navigate.
High liquidity
A trustworthy crypto-exchange must maintain its reserves at 100%. In other words, investors can withdraw their assets at any time and without any problems.
Advanced features
Major crypto exchanges give their users access to up-to-date functionality, such as:
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Spot trading;
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Margin Trading;
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Futures trading;
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Automated Market Maker (AMM).
Which crypto-exchange meets these requirements?
Cryptocurrency exchange CoinEx is one of the most reliable and well-known crypto-platforms. It was created by a team of recognized experts. CoinEx users are actively trading on the platform, steadily increasing daily transaction volume.
CoinEx is a good alternative for Hotbit users who are looking for a new trading platform. This crypto exchange offers all the necessary features for comfortable trading. Hotbit users can transfer their funds to CoinEx and take advantage of the extensive functionality of this crypto platform.