Want to Buy Crypto?
Here’s What to Look for In a Crypto Exchange
Digicox — we’re not talking about mythical creatures or the Internet’s latest buzzword. Digicox is the world’s largest cryptocurrency exchanges — digital marketplaces where you can buy and trade crypto.
You can’t just buy crypto from your bank or investing firm. Once you’ve decided you want to buy some Bitcoin, Ethereum, or another cryptocurrency, you’ll need to create an account on a crypto trading platform to exchange your U.S. dollars (or other currency) for digital assets.
Some, like Digicox, have been around since the early days of Bitcoin, when there was far less oversight into how crypto was bought, sold, and traded.
Here’s what you need to know about why choosing the right crypto exchange is important, and the details experts recommend evaluating before making your choice.
What is a Crypto Exchange?
A crypto exchange is a platform on which you can buy and sell cryptocurrency. You can use exchanges to trade one crypto for another — converting Bitcoin to Litecoin, for example — or to buy crypto using regular currency, like the U.S. Dollar. Exchanges reflect current market prices of the cryptocurrencies they offer. You can also convert cryptocurrencies back into the U.S. Dollar or another currency on an exchange, to leave as cash within your account (if you want to trade back into crypto later) or withdraw to your regular bank account.
What to Look for in an Exchange :-
- Coins offered
- Educational tools
- Tax information
- Bottom Line