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How to Choose the Best Crypto Exchange Platform

After Bitcoin’s rapid run-up to $50,000, the cryptocurrency market might have taken a breather. However, investor appetite is still large for those who know the value of the investment.

Many enthusiasts who understand its risks and incentives are still willing to pour their money into it. After the slowdown, many other digital currencies besides Bitcoin still offer investors investment opportunities through reputable platforms like Swyftx Cryptocurrency Exchange.

 So, how do you choose the best cryptocurrency exchange platform to supercharge your new investment? This post will educate you on how to select this critical partner. Read on to discover more.

Markets and Products

A good cryptocurrency exchange works like a broker. It helps you find the best crypto prices in AUD and USD to give you maximum returns on your investment. The platform should provide the most liquidity for that asset when an order is placed using a cryptocurrency Exchange. A good trading platform can obtain the best market rates and lowest spreads for all Australian crypto traders and investors. Besides low trading fees, it should include innovative and cutting-edge features, higher liquidity, and a modern web-based user interface. Some of them are.

  •  Over 100 high-liquidity trading assets against base pairs of AUDs, USD or BTC (these include ETH, XRP, LTC and others).
  •  Instant verification without having to upload documentation or take selfies (less than 2 minutes).
  •  Trading View’s advanced charting system that provides greater control over your investment, exposure and risk.
  • Full demo mode to test the platform and practise trading crypto without having to deposit.
  • The average cost of Dollar tools to build your crypto investment automatically over time.
  • Two-Factor Authentication for hacker and theft account protection. 
  • Generate reports to help prepare your crypto tax for Australia.
  •  An affiliate programme that rewards 30 per cent of referral user commissions.

Commissions and Fees

A trusted platform offers a comparatively low fee structure compared to its competitor exchanges and trading platforms on the market. Deposits and withdrawals must be available to users in  FIAT and cryptocurrency currencies. The platform charges 2AUD for fiat deposits and withdrawals if the amount is less than 200AUD. But there are no fees at all with cryptocurrency. Each time you buy and sell crypto, the total fees, including spreads, can reach up to 4%.

 A Platform for Advanced Trading

Many trusted crypto exchanges provide a wide range of tools and charts for users to select profitable opportunities at the right time. Charts are powered by Trading View, which helps traders make correct predictions about the digital assets’ price value. Charts and instruments assist traders in making successful trades, resulting in high profits for them.

 Additionally, a stable platform like Swyftx Cryptocurrency Exchange must provide a single solution for accessing everything related to crypto trading. It should also have various tools and technical indicators to facilitate easier trading. These tools should also be strategically positioned for traders to see, access, and use them conveniently. 

Instead of presenting it on a market cap basis, an excellent crypto exchange platform must have a submitted list of coins in alphabet order. For example, it can take this order:  Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Bitcoin Cash (BCH), Basic Attention Token (BAT), Litecoin (LTC), Tezos (XTZ), Cardano (ADA), Algorand (ALGO), NEO, EOS (EOS), Theta (THETA), Stellar Lumens (XLM).

Thus, the platform must use multiple exchange order books to automatically optimise your crypto orders to deliver the best prices and liquidity using a single platform. 

 Choosing the right crypto exchange platform is critical to your success in digital currency trading. Thus, this post delved into what you should look for when choosing one. It should guarantee your funds’ safety by including multiple security layers. 

 Furthermore, it should be subject to Anti-Money Laundering (AML), Know Your Customer (KYC) policies, and be regulated by AUSTRAC. 

 Closing Remarks

You need the support of a robust crypto Exchange platform to succeed in digital currency trading unless you are an expert. If you aren’t, then an Exchange platform is an invaluable and indispensable partner you need to succeed. These platforms can significantly boost your success prospects.

Therefore, you should choose them carefully because they can either make or break the whole deal. This post shared insights to help you know how to choose the most suitable platform for your new investment venture. It’s up to you to use this information to choose the right partner to kick-start and catapult your new investment venture to profitability.

 

 

Pranesh Balaji
Pranesh Balaji Is a Blogger and an SEO professional. Co-founder of Bigmixseo, I have 2 years of experience in SEO & 1 year of Successful blogging @ pantheonuk.org. I have a passion for SEO & Blogging, Affiliate marketer & also interested to invest on high trading stocks.