Many people today become interested in crypto investments and try to buy cryptocurrency while the market is on its drop. However, it is crucial to understand what cryptocurrency to invest in and how to do it properly. In this article, we will talk about essential things for picking a crypto asset and where to do it.
Key Points To Consider When Picking A Project
There are hundreds of crypto assets in the market, but not all of them deserve the trust. Here are some aspects that will help you identify if a project is credible or not:
- Check out who founded the project. The developers’ team reputation must be solid.
- Social media. Make sure the project is active on social media and has an engaged community. Posts, news, updates, plans, and new partnerships must be regular.
- Can you buy cryptocurrency on credible crypto exchanges?
- Study the project’s Whitepaper and Roadmap.
- Learn about security audits.
If you come across these points, you will understand if it is a good cryptocurrency to invest in or not.
Biggest Crypto Exchanges
The largest crypto platforms offer a variety of crypto assets, numerous trading tools, and a high level of security for users. Legitime crypto exchanges like Binance, WhiteBIT, KuCoin, Coinbase, etc. have an impressive community of users, who conduct transactions, participate in different quizzes and recommend platforms to their friends. Properly working affiliate programs also attract new users.
Large crypto platforms offer swap, spot trading, margin, futures, p2p exchange and many other tools for fast and convenient trading. Also, they provide crypto charts and educational articles on investment. Some exchanges (WhiteBIT, Coinbase) offer demo trading accounts.
Besides, if a coin is listed on one of the large crypto platforms, that is a good sign.
Credible crypto platforms allow to buy cryptocurrency with fiat money right from your bank card. You can download convenient mobile applications for trading on the go.