What Should You Look for When Choosing a Crypto Exchange?
Picking the best crypto exchange can be a complicated process.
“Important features to consider,” says Stephen McKeon, an associate professor of finance at the University of Oregon, “are fees, security, and whether they list the assets that you are interested in buying.”
First and foremost, you’ll want a secure exchange, says Spencer Montgomery, founder of Unita Crypto Consulting, which helps the uninitiated learn how to start investing in digital currencies.
As crypto has grown more popular and desirable, it’s become an increasingly large target for hackers, and many leading exchanges, including Binance’s international operation and KuCoin, have been hacked recently to the tune of tens of millions of dollars. While exchanges often reimburse those whose coins are stolen through their insurance, you probably don’t want to be in that position to begin with. That’s why it’s important you only invest your money on reputable exchanges, says Montgomery.
You can minimize your risk by spreading your crypto purchases across multiple exchanges or moving your crypto off of an exchange’s default wallet to your own secure “cold” wallet that is not connected to the internet (and therefore much harder to hack), though you’ll need to keep up with your passcode or you could lose access to your crypto forever, he notes. But you’ll also need to look out for withdrawal fees when you move crypto off of an exchange. These often vary by coin type.
Also consider the cryptocurrencies available on a given exchange. You might be perfectly OK using a crypto exchange with only one coin if it’s the only coin you want. Conversely, if you’re a crypto fiend, you may want access to all of the more than 600 available on Gate.io.
But sheer availability of coins isn’t sufficient if there are no trades happening. You’ll ideally want to see hundreds of millions of dollars of daily crypto trading happening to ensure you’ll have enough liquidity, so you can easily trade your coins and dollars when you want or need to. What’s more, low-trading markets may end up costing you on sales.
“If there’s not a lot of volume and you put an order in, there’s what’s called slippage, where you could be buying at a higher or lower than you want,” says Montgomery. “When there’s a lot of volume you can ensure that you can sell your coins without affecting their price.”
If you’re an advanced crypto trader, you may want to make sure your preferred exchange offers the trading types—like limit orders, which can prevent slippage by setting a hard price—and margin you want. Remember trade types involving the latter are still evolving in the U.S., so different exchanges’ offerings may vary over time.
If you’re just getting started with buying cryptocurrency, look for an easy-to-use platform with thorough educational resources to help you understand this complex, rapidly developing commodity.
And don’t forget about fees. You may be fine with paying a premium for a simple interface when you’re still learning the ropes, but higher fees eat into your eventual returns. High-frequency traders especially want to lower costs.
Finally, don’t assume that an exchange is available in your country, or even state, just because you can access its website. Many state and federal governments are still figuring out how exactly they want to treat cryptocurrencies from a legal and tax standpoint.
WASHINGTON: After largely standing aside for years as cryptocurrency grew from a digital curiosity into a volatile but widely embraced innovation, federal regulators are racing to address the potential risks for consumers and financial markets.
Their concerns have only grown as both new and established firms have rushed to find ways to profit from bringing the massive wealth held in cryptocurrency into the traditional financial system through quasi-banking services like interest-bearing accounts and lending.
Now the Treasury Department and other agencies are moving urgently on an initial target for tighter regulation: a fast-growing product called a stablecoin.
p running app provides a variety of plans for weight loss. All plans are beginner friendly, and can help you stay motivated, lose weight and achieve different fitness goals, such as increasing your pace. You can get audio feedback from the voice coach.
Running is proven to increase metabolism, and you can burn more calories with specific plan. Our app provides plans that designed by professional fitness coach to make weight loss effective, easy and fun. These running, jogging and walking plans are suitable for all levels.
It tracks running stats, records routes with GPS in real time, and helps improve your running performance with detailed analysis and insight graphs. This powerful mile tracker tracks all key stats, distance, time, speed, calories burned, elevation, etc.
Various Training Plans
• Walking for weight loss – Suitable for everyone. Lose weight with interval walking.
• Running for weight loss – Even you’re a newbie, you can complete your running plan as easily as jogging plan.
• Pace academy – Increase pace and endurance for your next goal.
• My first 5K – Complete your first 5k with coach guide.
You can sync all your running and training data to your account, routes, distance, time, speed, calories, etc. So your data won’t be lost when you change devices.
• Set goals – Set your weekly and yearly goals to make running a habit. Boost your weight loss progress.
• Analyze every run – It monitors all your running stats in real time and analyzes them in graphs.
• Match the same path – It records your same-route runs and shows the trends of your running performance over time.
• Map your route – With GPS running tracker, you can record your routes with GPS, save your paths and share your route maps with friends.
• Get audio feedback – Get audio feedback (duration, distance, calories, pace, etc) from the voice coach to take control of your training and improve your performance.
• Compare your performance with stats at different distances and time periods.
• Scientifically analyze your training patterns to improve your performance.
• Clear and stylish graphic design.
For Different Fitness Goals
• Whether you want to lose weight or keep fit.
• Whether you simply run or marathon training.
• Whether you are man or woman, old or young.
• It’s not only a weight loss app, but also a distance tracker for running, running tracker, jogging app, walking app, mile tracker, calorie counter, mile counter, GPS running tracker.
GPS Running Tracker
Want a GPS running tracker to track run? Want a map running app to track running? Want your run map? Try this GPS running tracker to track run and get your run map. This map running app and run tracker accurately track run on the map with GPS in real time, and provides you run map.
Distance Tracker for Running
This run tracker and map running app track your distance tracker for walking and your distance tracker for running. It’s not only a run tracker, but also a run GPS tracker to track running. Use the best run GPS tracker and jog tracker to track your distance tracker for walking and your distance tracker for running.
Jog tracker track running and distance tracker for walking in real time. Lose weight and keep fit with this run GPS tracker.