IMHO Reviews Has Launched A New Section Reviewing Cryptocurrency Exchanges And Investment Opportunities

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IMHO Reviews has launched a new section called Crypto & Investments that features reviews of cryptocurrency exchanges and related investment opportunities. The introduction of the section on cryptocurrencies at IMHO Reviews will soon be followed by detailed, informative reviews of all major cryptocurrency exchanges.

There are two articles on the site so far. The first looks at the 8 best cryptocurrency exchanges for Bitcoin and Altcoins in 2021. This article starts with a brief introduction to cryptocurrencies and warns investors of their capricious nature. Then the 4 most important properties that have to be considered when choosing a cryptocurrency exchange for your own transactions are listed.

A cryptocurrency exchange should be secure. At a time when hacks and digital intruders are the order of the day, there is no room for error to make a system with as much potential as a crypto exchange vulnerable to attackers. There have been many notorious hacks in recent years, like the Mt. Gox hack, that have shown how vulnerable these supposedly safe exchanges are to malicious intent. Since the markets are unregulated, the risk for newer investors is even higher. The minimum level of security expected for 2021 is two-factor authentication. Crypto exchanges should also keep most of their assets offline or in “cold” storage. They should also allow users to withdraw crypto to their own private wallets as this is much more secure than leaving them on an exchange.

The next consideration is the fee a crypto exchange charges. These fees can add up quickly and blind a new user. Another important detail to check is the level of customer service that the crypto exchanges provide. If you have a lot of money, it is advisable to find an exchange that answers all of the user’s questions promptly and helps them if they get stuck. Crypto exchanges that charge lower fees are generally known for not providing good customer support. The final consideration is the selection of coins to trade.

The article then goes into a point-by-point comparison of some popular crypto exchanges such as Binance, eToro, Coinbase, KuCoin, Voyager, Gemini, Kraken, Changelly and Cex.io. It also differentiates them in other parameters such as the verification process, withdrawal method, and payment method. The article then concludes by selecting the best crypto exchanges based on parameters such as size, security, most currencies on offer, and lowest fees.

On the list of crypto exchanges already checked by the website, one of the exchanges is Binance, the largest cryptocurrency exchange in the world from 2021. In addition to the standard buying, selling, sending, receiving and swapping functions, Binance also offers limit orders , Market orders, stop-limit orders, trailing stop orders, post-only orders, peer-to-peer trading, margin trading and one-cancels-the-other orders. Due to its robust features, the ability to make deposits in fiat currencies, and the presence of the unique learning resource Binance Academy, the crypto exchange is recommended as a good choice for beginners.

The article then gives an overview of the most important features of Binance. It also states that the crypto exchange is secure and legitimate due to its high volume of daily trades and security features such as two-factor authentication, multi-signature functionality, PIN codes and recovery methods. The crypto exchange serves over 180 countries, including the United States. However, due to legal restrictions, it is not available in 7 US states. It supports 500+ cryptocurrencies for global users and 50+ for US citizens.

The article then talks about the times in the past that the crypto exchange was hurt, despite repeating that the money has been reclaimed and is still one of the safer options. The article then discusses the verification methods, fees, supported payment methods, withdrawal methods, the Binance Coin Wallet and the Binance Trust Wallet. The article concludes with a list of the pros and cons of Binance. Readers can expect more crypto exchange updates from IMHO Reviews in the near future.

Original source: https://sites.google.com/site/videoblocksreview/press-release/cryptocurrency-reviewing-section-launched

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