In our country, where 40 percent of the 50.8 million inhabitants between the ages of 18 and 60 invest in crypto assets, interest in crypto assets continues to increase day by day. About 33.5 million people, 66 percent of whom are aware of the cryptocurrency ecosystem, are using or about to use cryptocurrency exchanges at any given time. In that case, it is vital that investors who are new to the market pay attention to the selection of the right cryptocurrency exchange. KuCoin shares 3 key points to consider when choosing a cryptocurrency exchange with investors.

The number of users who are part of the cryptocurrency ecosystem continues to increase day by day. In proportion to this, the number of cryptocurrency exchanges existing in the market is also increasing. While investors come across a new exchange name every day, complaints can arise from time to time due to its many malicious formations. It becomes even more important to be careful when choosing a cryptocurrency exchange so that investors do not become victims.

Investors who want to take a new step in the cryptocurrency market must first determine on which platform they will trade. Many factors come into play when choosing these platforms, such as product variety, security, and deposit withdrawal options. KuCoin Turkey Country Manager Mete Umut Elmas lists the key factors to consider when choosing a cryptocurrency exchange.

Cryptocurrency market is a rapidly developing and growing market and contains thousands of coins and tokens. While not all coins/tokens are listed due to security reasons, insufficient project and similar reasons, it is very important that exchanges cater to a wide range of users. In this way, investors who do not limit the crypto assets that can be invested can collect all their assets in one place. For example, the world’s largest altcoin exchange KuCoinWith over 1200 trading pairs on over 700 crypto assets, it offers a wide range of traders. This gives users the opportunity to seize more opportunities.

Exchanges with a simple and understandable interface are often preferred by investors. In addition to a simple and understandable interface, the variety of products offered by the exchange is one of the important factors when choosing a cryptocurrency exchange.

Cryptocurrency markets offer many opportunities such as asset stakes, liquidity provider, NFT services, and trading. It is necessary to ensure that the crypto currency exchange to be selected does not give up its user-friendly interface while making the best efforts for product penetration.

Cryptocurrency investors share their various information while signing up for cryptocurrency exchanges. But beyond that, after they join, they both deposit funds into the platforms and keep their investments on the platforms. For all these reasons, it is necessary to ensure that the maximum level of precaution is taken in the selection of the cryptocurrency exchange. Cryptocurrency exchange KuCoin keeps almost all of its investors’ assets in cold wallets, protecting them from cybersecurity vulnerabilities that can be caused by internet access, while securing their investors’ assets with the insurance fund it established.

In addition to the three main points mentioned above, the high transaction volume, the application of the transparency principle and the provision of technical support services are among the important points to consider when choosing a cryptocurrency exchange.

As KuCoin celebrates its 5th anniversary in September 2022, it continues to work to bring the highest level of experience to its users from day one.

*Data is based on the results of the research conducted by KuCoin in Turkey in 2021.

Source: (BYZHA) – Beyaz News Agency