One of the biggest considerations that a cryptocurrency buyer and trader needs to make is what exchange they want to use to buy their coin.
While it may seem like a simple decision on its face, in reality the choice of cryptocurrency exchange used actually has a huge impact on many things.
This can include what cryptocurrencies you can buy and trade as well as whether or not you can hold the coin there or need a wallet.
Of course, this doesn’t take into account one of the biggest concerns of all: How much does it cost to buy and sell crypto coin on the exchange.
The last consideration has an impact on how much money you make from your investment and this tends to be the largest deciding factor for many traders.
Yet there are other things to keep in mind, as well. The old adage “penny wise but pound foolish” comes to mind here.
In its simplest form, the phrase means that one should not be overly concerned with cost when there are other things to keep in mind such as quality of service and, more importantly, the security of the exchange.
That’s why it is so hard for many cryptocurrency traders and buyers to find a service that is right for them. You could have your coin stolen and there is often little reimbursement for victims of this theft. Naturally, you can hold your coin in a wallet but some people prefer to hold their coin in an exchange, like a bank. For those users security is of the top concern.
In this article we’re going to review Bithumb, a cryptocurrency exchange. We will look over its transaction fees, coin offerings, and general user features. We will also give you some idea of what we think the exchange’s security is like. Hopefully the information in this article can help you make a decision as to whether or not you would like to use Bithumb as an exchange.
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