Choosing the Best Crypto Exchange

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Things you should look for while picking the right crypto exchange
Things you should look for while picking the right crypto exchange

All good crypto exchanges provide streamlined mobile trading applications, so you don’t have to stare at a computer screen all day. 

Cryptocurrency exchanges are platforms for trading cryptocurrencies for other assets and traditional currencies. These tools provide a certain level of anonymity for users and transparency for both trading parties. Companies can use these platforms to accept or buy their cryptocurrencies, so the most common ways businesses can start investing in crypto assets. Cryptocurrency exchanges can also be a convenient medium for international trading to reduce transaction fees.

Unocoin, a crypto exchange based in Bengaluru, India, was founded in 2013 by Sathvik Vishwanath and Sunny Ray. The company allows customers to buy, sell, store, use and receive bitcoins. 

How to use Unocoin:

To use Unocoin, customers must first register an account. They can deposit Indian Rupees (INR) into their account via bank transfer or virtual deposit. Once the funds arrive in their account, they can use the funds to purchase Bitcoins at the current market rate. Customers can also use Unocoin to send bitcoins to other bitcoin wallets and receive bitcoins from other wallets.

Trading function

Exchanges always try to differentiate themselves from their industry competitors. They offer additional value-added services, including free market analysis, real-time news, live streaming, and trading signals. Most of these services are free, but exchanges may require a minimum account size for access.

Applicants can create a checklist of features when looking for an exchange. In addition to the standard add-ons, look for tools that include market analyzer tools like Technical indicators and alerts. You can also check for discounts or free trading for high-volume customers. Many traders are looking for advanced charts or alternative platforms beyond the standard offerings’ capabilities. Some exchanges even offer a Sub-Brokerage platform for novice traders, Day traders and scalpers also benefit from specialised value-added services. Given the timeframes for these strategies, these may include a signal service, tools, such as an economic calendar, market news filtering, and real-time earnings posting.

Bonuses and promotions

An exchange may offer account bonuses that include a month or more of commission-free or cost-free trades, loyalty discounts, and even rewards  Frequent trader bonuses and promotions have also become quite common, with customers receiving volume discounts or a basket of free trades after exceeding a monthly transaction threshold. Some exchanges have also implemented generous rewards programs that pay customers who reach a “level” of financial commitment.

Customer support

Newcomers forget to count on customer support when choosing an exchange because they don’t understand the role of this group in the final trading experience. It’s not a question of if you’ll need their help, but when, because sooner or later, there will come a time when quick customer service is required to avoid financial loss. As a result, you should confirm that the broker provides reliable customer support verified by reviews and public forums. At Unocoin, we provide the best customer service to our users.

Look for multiple ways to contact customer support, as some exchanges still rely on outdated ticketing systems. All reputable brokers provide multiple ways to contact clients, including email, support tickets, and toll-free phones. Bottom line: don’t put yourself in the uncomfortable position of worrying about what your broker will do with your problem or your money.

Research

The best Crypto Exchange offers plenty of research resources at no extra charge, allowing new traders to “deep dive” into the currencies they want to buy or sell, with an eye on macro conditions or developing issues that may affect price action. These resources should include daily reports from trading experts, long-term technical analysis, data to watch, and live webinars with presentations on major crypto pairs and emerging opportunities.

Trading experience:

New Crypto traders need below details on Exchange resources to get started in the trading game:

Comprehensive training: 

Educational materials that help new traders acquire skills. These may include webinars, AMAs, live streams, videos, courses, guides, and articles.

User-friendly platform: As a new trader, you can use simple software with lots of bells and whistles. For starters, look for an easy-to-navigate platform with tons of customization features.

As you progress, your trading needs will differ significantly from those of a new trader. 

 At Unocoin, we have a very user-friendly platform.

Once you start exploring, you’ll find that Unocoin is by far one of the most user-friendly platforms created in the crypto space.

Comprehensive trading tools: Various tools, including a commission calculator, advanced charting with many indicators and one-click trading.

Summary

Finding the best Crypto Exchange is hard work, but the effort pays off and dramatically improves your long-term prospects as a trader. This beginner’s guide provides an excellent first step in this selection process. However, everyone is different, and your best choice may require a delicate balance between transaction costs, benefits, platforms, and all the other resources needed to trade the crypto market.

Please find the list of authentic Unocoin accounts for all your queries below:

Disclaimer: Crypto products are unregulated as of this date in India. They could be highly volatile. At Unocoin, we understand that there is a need to protect consumer interests as this form of trading and investment has risks that consumers may not be aware of. To ensure that consumers who deal in crypto products are not misled, they are advised to DYOR (Do Your Own Research).

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