At this time, the crypto market is witnessing an incredible growth and massive adoption worldwide. Digital transformation and tokenization give freedom to the deployment of cryptocurrencies in everyday life. However, one thing worth careful considering is how to choose a trustworthy online crypto exchange without fearing to lose money because of fraud or poor service provision? The following article describes major cornerstones while opting for buying or selling coins with reference to licensed crypto exchange Switchere.com.
If the core goal is to buy crypto with a credit card or convert USD to BTC to diversify the current financial portfolio, then the best option is to go for online crypto exchange services (approx. 5min. to buy cryptocurrency). The same concerns if the person is willing to sell BTC at a competitive rate and with perfect timing — choose a licensed and reputable crypto exchange that offers both of these options (buy and sell) because by doing so, the financial risks are minimized. Alternatively, if one is set to market speculations on crypto price swings, then cryptocurrency trading platforms are the best variants.
Today, people can buy BTC with any credit, debit, or prepaid card (VISA, Mastercard, Maestro, American Express, etc.) — it is the fastest and most convenient way to purchase crypto. Nonetheless, it is really important to pay close attention to service pricing and make sure there are no hidden commissions charged on the checkout form. Seek for transparent and straightforward service providers and make sure that all bank card payments are 3DS (PCI SSC standard). As an alternative to USD to Bitcoin converter, there is a good opportunity to swap one cryptocurrency into another. As such, always look for multicurrency capabilities (BTC, ETH, USDT, LTC, XRP, DASH, etc.) and versatile payment methods (region-specific online banking, e-wallets, SWIFT, SEPA, wire transfer, etc.) that suit you the most. Life is full of choices, so choose wisely.
For a licensed crypto exchange service provider, the operational areas should cover Europe, Asia, Africa, Australia, North America, and South America. The list of restricted locations can be limited only to the high-risk countries defined by the FATF. Going global means being more local. The process of buying, selling, or swapping crypto has to be a pleasant online shopping tour that goes hand in hand with fast transaction processing, simple and intuitive user interface, and proven reliability.
Doing your own research (DYOR) is one of the most important aspects of engagement in the crypto market — and not only regarding online crypto exchanges. Search for genuine customer reviews, rating and user feedback, monitor media appearance for a particular crypto exchange. A scrupulous research may prove exceptionally valuable for anyone interested in crypto, DeFi, dApps, bitcoin mining, and alike.