There are hundreds of trading platforms on the network where you can buy, sell and store digital assets. To choose the best platform, you will have to be patient and collect as much information as possible about the platforms you are interested in.
What to pay attention to
- Does the exchange work in your country? If your country is not included in the list of states with which the site works, difficulties will begin from the very first steps. Even if you can create an account, it will not be possible to verify it and get access to the full functionality of the site. In addition, you will not be able to count on legal support in case of force majeure.
- How long has the stock market been in existence? The older the site, the more trust it inspires. Many top platforms have already celebrated their tenth anniversary. A striking exception to the general trend is Binance. The crypto exchange started operating in the summer of 2017 and today it is the leader in all ratings.
- Who runs the stock market? Look for information about the founders of the site, focusing on authoritative sources.
- What is the reputation of the team and the platform itself in the market? Searches for information on both points can be combined. Look for reputable media, social media profiles, reviews on thematic forums. Are you really ready to entrust your money to these people?
- Where is the exchange registered? The registration address indicates the jurisdiction of the site. If the country provides legal protection for crypto traders, this is a significant plus in favor of the exchange. Examine registration documents, especially regarding money laundering (AML/KYC). Traditionally reliable jurisdictions: USA, South Korea, Siingapura, Japan, Switzerland, Taiwan. Countries where consumer protection is frankly weak are best avoided.
Other Important Factors
Make sure that the chosen platform supports the coin and crypto pair you need, and among the methods of depositing and withdrawing funds, there is the most convenient one for you. search. If you are in the mood for trading, look for information on Coinmarketcap.
Make sure that the site does not hide information about commission fees and that the platform interface suits you. Look for data on the reliability of the platform, whether there was a hack attempt and how the team reacted to what was happening.
Where to trade CRO
Liquidity is essential for successful trading. The higher this indicator, the greater the possibility of implementing the application. According to Coinmarketcap, the best are:
Crypto.com Exchange
The exchange was launched in mid-November 2019. The headquarters is located in the Cayman Islands. This site supports the maximum number of trading pairs with CRO.
The Crypto.com mobile app is available on the AppStore and Google Play, which is great news for those who prefer to trade from their phone.
The platform has exchange fees of 0.16% for takers and 0.1% for makers.
Huobi Global
The site has been in existence since 2013. The choice of pairs with CRO is much more modest here: in addition to the exchange of CRO to BTC, it is possible to trade against the stablecoins HUSD and USDT.
The exchange is accessible from all countries of the world. The minimum deposit is 100 USDT.
Bittrex
The company is registered in the USA. Since its inception in 2014 until today, the exchange has never been hacked. CRO is available for trading in pairs with BTC, ETH, USDT, USD and EUR.
If you are not registered on any of the platforms and do not plan to do so, LetsExchange will come to the rescue. The platform works without registration, KYC and exchange fees. You can exchange any amount of coins in seconds without any restrictions.