Crypto investors use several ways to buy cryptocurrency. Experienced traders use centralized and decentralized platforms as well as simple exchangers. When you have enough experience in trading, you can easily understand if a platform is worth trusting or not.
If you are a beginner, it is advisable to use official and large exchanges. For example, well-known Binance – the most popular crypto platform in the world, WhiteBIT – the largest cryptocurrency exchange in Europe, etc. We will talk about the benefits of using centralized exchanges.
The Safest Way To Purchase Crypto
If you are asking yourself, “Is crypto trading safe?”, the answer will be: “Depends on the platform you pick for it”. Large centralized exchanges like we mentioned above are worth your attention and trust for the following reasons:
- They implement complex protection mechanisms, so your assets are safeguarded.
- They offer a great deal of crypto assets and pairs. You can even trade towards fiat currencies, cash your funds out and deposit through your bank card.
- They add new earning opportunities, allow for passive income (staking), allow to trade with leverage, and open futures trades.
- They have active communities and millions of engaged users worldwide.
- They organize various competitions and contests for clients to raise motivation.
- They have educational sectors where you can learn trading from scratch. Some of them (for example, the WhiteBIT cryptocurrency exchange) allow practicing trading on a demo account with no risk of losing your money.
- Lightning-fast and helpful customer support 24/7. So you will not remain alone with your problem.
- Numerous guides and lessons on how to trade different strategies.
- Partnerships with large investors, well-known in the industry, promising projects, etc.
Besides a variety of earning opportunities, working with a centralized exchange means you are not alone, you will always receive support and help if you face difficulties. It also means you’re a part of a community, where you will find many interesting topics, discussions, and answers to questions that interest you.
