Ever since the crypto giant FTX collapsed, in November of 2022, crypto exchanges have been put under a microscope. Right now, we are also seeing regulators, including the Department of Justice, the SEC, and the New York Department of Financial Services (NYFS) pressing Binance, the world’s largest cryptocurrency exchange, for information on its finances in the wake of allegations of money laundering and sanctions evasion, as they seek to impose greater regulatory oversight on the crypto arena.
So, in light of all this, it has become evident that choosing a reliable and secure cryptocurrency exchange is essential to ensure the safety of your funds and investments.
The Essential Exchange Checklist
Here are some of the most important factors to consider when selecting a crypto exchange:
Reputation: Research the reputation of the exchange in the cryptocurrency community. Look for reviews and feedback from other users.
Security: Check if the exchange has implemented proper security measures, such as two-factor authentication, SSL encryption, and cold storage for storing funds.
User interface: Consider the user interface and ease of use of the exchange. Look for exchanges that are user-friendly and have a good design.
Liquidity: Check the liquidity of the exchange. The higher the liquidity, the easier it is to buy and sell cryptocurrencies.
Supported cryptocurrencies: Look for exchanges that support the cryptocurrencies you want to trade.
Fees: Check the fees charged by the exchange for trading, deposits, and withdrawals. Look for exchanges with competitive fees.
Customer support: Consider the quality of customer support provided by the exchange. Look for exchanges that have responsive customer support that can assist you with any issues you may encounter.
Regulation: Check if the exchange is regulated and licensed by a reputable authority. Regulated exchanges are more likely to follow best practices and have better security and transparency measures in place.
Location: Consider the location of the exchange and the regulations that apply to it. Some countries have stricter regulations than others, which can affect the services offered by the exchange.
Arbismart The Best Place to Buy and Sell Digital Currency
One exchange meets all the criteria for a secure, reliable, revenue generating experience. ArbiSmart, established in 2019, is a fully licensed EU authorized and registered project that enables you to store, exchange and buy currency at unparalleled rates, with minimal transaction fees and no hidden costs.
Through an intuitive, user-friendly interface, users can buy and sell 30 popular crypto and FIAT currencies. The exchange also has some features offered nowhere else, one of which is the sell reward function.
Basically, you can purchase any supported digital currency via the ArbiSmart dashboard, and receive 3 times the market value, except for RBIS, the native token on which you will receive ten times the market price. The conditions for receiving the higher rate include a minimum sale amount, which is different for each currency, and a 24-month vesting period.
For example, if you decide to sell €1,000 worth of Dogecoin, your account will instantly be credited with 3,000 EUR. Once the vesting period is complete, the full €3K can then be withdrawn or stored in an ArbiSmart wallet savings plan to earn interest up to 147% a year.
To start earning 80K on your Bitcoin, join the ArbiSmart exchange today!
*This article was paid for. Cryptonomist did not write the article or test the platform.