5 Factors To Remember While Choosing A Bitcoin Trading Platform

Bitcoin trading is gaining a solid traction in the current fiscal market. Are you too interested in Bitcoin trading? Now, there is a plethora of Bitcoin trading platforms today for obvious reasons. But, there are many scammers around as well in the camouflage of these trading portals. So, one has to be extremely careful while choosing the right Bitcoin trading platform.

Don’t fret; the post below offers the top tips to keep in mind while choosing the right and reliable BTC trading platform for you.

License, regulation and identity proof procedures

If you are going for a Bitcoin exchange, be careful of checking these factors beforehand. Your chosen exchange should be a regulated and licensed one. Then, make sure it’s a decentralized exchange which would ensure a transparent operation. Besides, a reliable exchange always follows strict KYC and AML procedures to check the identity of members before approval of registration. This helps them to weed out questionable members from the sign-up list.

Check accuracy rate of trading app

If you are going for a Bitcoin trading app, make sure to check the accuracy rate of the app. Your chosen one should promise no less than 85% accuracy rate. You may consider Bitcoin Profit here as the app assures 99.4% accuracy rate.

Does it cater to your country?

Not every BTC trading platform welcomes residents of all countries. So, make sure to do your homework and find out the list of countries your chosen trading app or exchange supports.

Duration of trade

You don’t have all the time in the world to trade and wait for profit. Look for an app that allows great profits in less than 30 minutes of trading daily.

Check the security

Your chosen trading exchange must assure advanced security features like multi-signature authentication, cold wallet storage and insurance for hot wallet. If you are going for an app, it must assure advanced anti-virus and anti-malware software protection.

Jack
Written by Jack
Jack Bauer is a freelance writer and an academician. He is a graduate of Communication and Media Arts and he owns a publishing company in New York City.