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Where to exchange cryptocurrency safely

The consumption of digital assets is increasing. The number of platforms that utilize them is also increasing: exchanges, crypto wallets, and exchangers. And scammers are taking advantage of that. Fake crypto exchangers are now one of the most common methods of scams. This is why it's crucial to verify the platform you're utilizing for exchange and ensure that you implement two-factor authentication. This is an additional security system that protects your transactions.

 

When you store money in a bank's account, the bank is responsible for it. The bank is responsible for safeguarding your money and assets. When talking about cryptocurrency, this obligation is on you.

 

We advise you to consider the fact that digital assets are almost impossible to get back, so the reliability is of paramount importance in crypto exchange.

 

3 platforms that are dedicated to the safe exchange of cryptocurrency:

 

1. Kolo.

Kolo is a platform that supports multiple currencies, it also has the ability to buy, sell and exchange. This platform's interface is both clear and simple to navigate. Kolo's wallet is designed to ensure the safety of your funds, relying on modern cryptographic methods. Additionally, transactions are completely anonymous.

 

2. Binance.

Binance is the most popular cryptocurrency exchange by volume of trading. Several methods are available for exchanging cryptocurrency. The most trustworthy one is "Sell to the card", which is confirmed by the Binance managers. It's one of the first exchanges to create a Secure Asset Fund for Users (SAFU) that will safeguard funds in the event of an emergency. At the start of 2022, the estimated value of the capital was 1 billion dollars. The platform's downside is that beginners will need a lot of time to figure out how to convert, because of the platform's extensive functionality.

 

3. WhiteBit.

WhiteBit is the most popular international crypto platform in Europe, it is third in the safest exchange of cryptos according to cer.live. Because of the large number of functions, it is also necessary to understand the interface in order to comprehend the system. And if there are additional courses at Binance, then at WhiteBit, you must deal with everything on your own.

 

Conclusion

If you're just now becoming interested in cryptocurrencies, it's okay to try different platforms in order to find the one you like. However, during these investigations, always assess the safety of the exchange, exchanger or crypto wallet. This is the only method that will not negatively affect your digital assets.