From the outside looking in, cryptocurrency exchanges might all look the same, but they can be very different from each other. They are not as tightly regulated as traditional exchanges, so doing your research is very important. Some may be safer than others while some might make it more difficult to make certain trades. But if there’s one exchange where you can feel confident trading, it’s CoinSpot. It’s one of the most popular exchanges in the country and it’s easy to see why when you start looking at the features. Here are three reasons why CoinSpot should be on the top of your list of crypto exchanges.
The Selection
Many people who first start investing in crypto assume that every coin there is on the market will be tradable on any exchange, but they might be surprised by how limited certain exchanges are. Some will only allow you to trade a handful of crypto. So, if you want to buy obscure altcoins with great potential, you might be disappointed.
The most popular cryptocurrency exchange in Australia (CoinSpot.com.au) has one of the largest offerings of crypto coins available for customers to trade. The exchange has over 300 different currencies you can trade, which is one of the largest out of any exchange in the world. It also allows you to exchange fiat money for cryptocurrency, which is not always possible with all exchanges.
Security
Security is another thing very few people think about when they buy cryptocurrency, but you shouldn’t assume that all exchanges are safe. It will all depend on the resources the exchange has and how much they care about keeping their users and their funds safe.
Exchanges have been hacked before, and there will be more attacks in the future. But that’s not something you’ll need to worry about with CoinSpot.
CoinSpot is one of the oldest exchanges in Australia and is one of the most secure as well. It is the only exchange to have ISO 27001 certification. This means that the exchange had to go through a gruelling investigation and ongoing information security management audits. Most of the assets are in high-security cold storage and they allow users to enable features like two-factor authentication, phone verification, and anti-phishing phrases for added security.
Other Points in Favour of CoinSpot
In addition to being one of the safest exchanges with the highest offering, there are many other reasons why CoinSpot is so great, especially for beginners. One of them is the easy-to-use interface. You’ll be able to pick it up in seconds and make withdrawals and deposit easily. Yet, it has all the features an advanced trader would expect from a platform.
Another thing that makes CoinSpot a great option is the customer service. They are truly dedicated to helping customers and are easily reachable either through live chat or phone, which could come in handy if you have issues with your account or an ongoing trade.
Conclusion
If you are looking for a safe, easy to use, cryptocurrency exchange with years of history, look no further than CoinSpot. It’s a great exchange for traders of all levels and is great if you want flexibility and peace of mind.
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