Here's how to pick the right crypto exchange for you.
Your first step into the new world of cryptocurrencies is often through an exchange, a marketplace in which buyers and sellers interact. In theory, that's not all that different from a stock exchange.To get started, investors sign up with an online exchange using their bank account, credit card or digital currency.
Make sure the exchange will work with you. For example, one of the biggest exchanges, Bitfinex, doesn't accept United States payments, citing, among other reasons, a challenging regulatory landscape. A simple Google search can turn up some telling results about potential problems. For example, when you search,"Bitfinex hack," you'll quickly see a Wikipedia page dedicated to the event. You should also try to speak to other users of an exchange and inquire about their experience."There are a lot exchanges that have been hacked," said Timothy Tam, co-founder and CEO of CoinFi, a cryptocurrency market intelligence platform."Get yourself educated.
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