Best Exchange to approach Crypto

Like any sector with great potential, also cryptocurrencies, presents certain pitfalls.

Among these, probably the most impacting for novices, is the risk of letting their savings flow to exotic and financially unsolid "exchanges", which then disappear with the liquidity, losing 100% of the funds.

But what is an "exchange" ???

A cryptocurrency "exchange" is a platform where investors can buy and sell cryptocurrencies.

To be sure to send our hard-earned savings only on "exchanges" that are as secure as possible, we need to evaluate certain parameters.

1) The importance and financial strength of the exchange.

Assuming that the exchange where you send your liquidity is in good faith, and possibly renowned,

It is clear that, in the event of a hack or other problem, a small, semi-unknown exchange will have less chance of covering those losses.

Sometimes, it might just be impossible for them, even if they wanted to.

For this reason, the importance of choosing an exchange which is HUGE, with big shoulders and well known, should not be underestimated.

The best exchange in the world right now, is undoubtedly BINANCE

Binance is a true titan, the largest crypto exchange in the world, and on the rare occasions when it has suffered major hacks in the past, it has always covered the economic damage out of its own pocket.

It also invests heavily in cybersecurity, and actively cooperates with institutions in various countries to make sure that everything is regular and safe.

It is clear that these factors are the most important to keep in mind when choosing an exchange.

Inexplicably, however, many people at the beginning pay attention to many other factors, leaving aside safety, which is the most important one.

Economic fees, eye-catching graphics, or whatever, should only be considered AFTER this.

Because it is useless to save 0.02% of fees if you then lose 100% because maybe the semi-unknown and exotic exchange disappears etc.

Other minor aspects that can be considered when choosing which exchange to use are:

2) The variety and efficiency of the functions offered. (Staking, vault, saving, etc. etc.)

3) The amount of tradable coins.

4) Economic fees.

For the reasons mentioned above, and many others not mentioned, the best choice to approach cryptocurrencies is definitely BINANCE.

Is Binance the best exchange in EVERY aspect?

It is difficult to be the best at everything. Certainly, in my opinion it is the best exchange for buying and selling in the classic way, the so-called SPOT or SPOT trading.

Binance however, can still greatly improve the "futures" section; anyhow this section (futures / margin trading) is only suitable for traders with more experience in the markets, so it is not inherent to this article and will be detailed in a specific article regarding margin trading.