How searching for the best crypto exchange became a business
‘How to find the best cryptocurrency exchange?’ — it was a question I have been asking myself since I received first information about cryptocurrencies. It was late 2017 when I started to think seriously about investing in digital assets. I was in high school, and the dream of making quick money from trading could not get out of my mind.
I started searching, and I searched more and more. It turned out that the topic of cryptocurrencies is very wide, and I won’t be able to handle it during one evening. I decided to focus on the main issues and get to the action. I learned that I needed a secure cryptocurrency exchange to buy and trade cryptocurrencies. Then I found out I would need a solid wallet to store my assets in a safe place. And, most importantly, which coins or tokens shall I buy for the best profit? So many things to understand before my first trade.
There were so many crypto exchanges differing from each other in the matter of fees, level of advancement, security, customer support service, countries supported and many more additional features. I sighed, sat down, and started comparing each service. I began to write pros and cons under every name I found. I wrote down the features and used a green marker to highlight what I cared about the most. The list of companies was long and exhaustive. I was proud of myself. I reviewed the most popular exchanges and finally found the best one for me!
I took a last look at my list and I threw it into the computer bin, sure I wouldn’t have to use it again. However, I thought: ‘There must be more people like me! People who don’t have time for proper research but struggle with choice’. I immediately restored the list from the bin. I looked at it and began to think about how I should publish it? In the world of market saturation, publishing it as a blog post would be suicide.
This is how the idea of CryptoPlater came to my mind. ‘What if I created a platform where people can easily review and compare cryptocurrency exchanges?’.
How CryptoPlater was brought to life
I used my notes to point out each service’s features, and the most important information, together with a brief description. It will help users to find the best services for them and quickly make very accurate choices.
I made my idea come true. Though it took me a while to build the platform I was happy for the result. CryptoPlater website enables to find the best service in a matter of minutes and I extended the offer by wallets comparison and cryptocurrency tab, where people can gain basic information about interesting cryptocurrency projects.
Why is it so hard to find a proper service by doing casual research?
Answer for this question may be a 1 page long, but to be honest, cryptocurrencies are very fresh topic compared to the banking industry or insurance companies. There are so many new solutions, projects, and possibilities, that it is hard to embrace it all in one place and satisfy everybody. Similarly, there are many different exchanges. You can find classic platforms that offer only coins acquisition services, but there are also decentralized exchanges, services with integrated wallets, trading simulation, peer-to-peer trading software and many more. Therefore, finding a company that meets your expectations is important, but challenging. The process of making research may take a very long time and energy. I already made it and I know it can be tiring. This is why CryptoPlater brings a solution for a real issue.
What to look for when searching the best cryptocurrency exchange
When I was preparing mu juxtaposition of the most popular exchanges, I decided to look for particular factors that were the most important for me. When I found my best exchange and came up with an idea for CryptoPlater I expanded my list of more universal features to make the choice easier for more people. These were:
Description
It contains a few key sentences about the company, with more overall information than strict information. It helps to understand what the goal of a firm is, and what is it known for.
Reviews of other users
It is a crucial point. There is nothing more reliable than other users’ opinions. Though you will not find people’s reviews on my website, you can check the CryptoPlater rating that is based on other people opinions.
Country of foundation
It helps to know where the company is located. This information can tell if the company is properly regulated and has any restrictions/privileges as a cryptocurrency trading platform.
Countries supported
The point that follows the previous one. Before registering on any type of exchange platform, you should check if it supports your country. There are many restrictions imposed by governments of different countries. Make sure to check this point!
Coins supported
Surprisingly, you cannot always buy all of the existing coins on every exchange. Always ensure yourself that crypto exchange of your choice list a coin of your interest.
Fees
Nobody wants to spend too much money on the transaction, that’s for sure. However, sometimes companies offer suspiciously low fees, while others charge way too much for their services. Therefore, picking the right fee schedule should be done with a cold head and along with other factors, that prove the company’s reliability. CryptoPlater warranties that companies listed are verified and checked. Hence, you will never experience a fraud.
Customer support
A very important feature for beginners or at more advanced platforms. If you are just getting started and you don’t know much about trading, having good customer support is a big advantage. Users usually care about quality customer support and despite high fees, exchanges with good service gather high notes.
Privacy and security
Every user cares about their personal information as well as about their digital assets. Hence, security solutions and privacy are valued features (if not the most important) by members of each platform. Cryptocurrencies are a very profitable business, we know that. Therefore, many hackers and frauds are in real danger. In this case, the winning company is always the one with the strongest security base and protection. I took care to verify the security of most of the companies, and I am happy to say it’s getting better year-by-year!
Entry-level
This point may be strongly connected with customer support. If you’re a fresh trader with no experience, you should pick exchanges with a simple interface, straightforward functionality and good customer support. As you will get more and more experienced you can pick more advanced platforms with additional features which I mention later.
Payment options
There is a wide range of exchanges with different payment option. There are platforms that offer crypto-to-crypto payments only, exchanges with FIAT currencies support, and companies that accept bank transfers, credit cards. As you may see the selection is huge and you are a person that choose the most convenient option for you.
Additional features
As mentioned above, this part is related to advanced traders the most. Features such as integrated wallet, mobile app, cold storage, margin trading, brokerage services (and many more) are great extension and facilitation for experienced traders. These additional services usually enrich the offer and convince people with exact purpose to pick a particular service.
How it all works
I started my few-days-long research from checking which exchanges platforms are the most popular. I picked them and I wrote down the main features mentioned above. It helped me to create a kind of exchange profile which clearly shown the most important information. Then, I used this information on my platform.
Now, users of the CryptoPlater get a clear and reliable overview of each company. They may see all the features offered by the exchange, where it works, and read a short description of the company. What is more, all the companies were verified and checked. Therefore, users will never be prompted to an unreliable website and can be sure about the security of listed companies.
I gathered similar information about crypto wallets and cryptocurrencies. Now, instead of requiring and challenging research you can go to CryptoPlater platform and make the most precise and reasonable choice, that meets your expectations.
What is the cost of using CryptoPlater?
The important thing I learnt, while doing my research is a lot of knowledge is not easily accessible. At least for free. Fortunately, I came across a great solution to this problem. Back in my early beginnings of entrepreneurship, I found out affiliate marketing. It is a business model in which partnerships with companies were made and, so-called affiliates are compensated by their partners.
CryptoPlater became such a partner to provide completely free services at no costs on its users. I believe it will help to constantly improve the platform and provide quality information without charging people that simply try to make the best choice.
You can access the platform using this link or go to the official website at www.cryptoplater.com.
I am very excited and honoured you consider using CryptoPlater. I wish you nothing, but success on your crypto path and I hope you will find a tailored exchange, wallet, or investment opportunity!