Presently, the crypto market is witnessing an incredible growth and massive adoption worldwide. Digital transformation and tokenization give freedom to deployment of cryptocurrencies in everyday life. However, one thing worth careful considering is how to choose a trustworthy online crypto exchange without fearing to lose money because of fraud or poor service provision? The following article describes major cornerstones while opting for buying or selling coins with reference to licensed crypto exchange Switchere.com.
High Demand for Reliable and Solid Online Crypto Exchange Services
If the core goal is to buy crypto with credit card or convert USD to BTC to diversify the current financial portfolio, then the best option is to go for online crypto exchange services (approx. 5min. to buy cryptocurrency). The same concerns if the person is willing to sell BTC at a competitive rate and with perfect timing — choose a licensed and reputable crypto exchange that offers both of these options (buy and sell) because by doing so, the financial risks are minimized. Alternatively, if one is set to market speculations on crypto price swings, then cryptocurrency trading platforms are the best variants.
Buy Cryptocurrency at Licensed and Regulated Crypto Exchange
For any crypto exchange, obtaining a license of a virtual currency exchange provider is a must. If you knew success was a certainty, what would you attempt to do? Correct — choose a licensed and reputable crypto exchange because it is perfect both for professionals and newbies alike. The main idea behind Switchere is to make the process of buying, selling and swapping cryptocurrencies for all platform users as easy as an online shopping tour.
Buy Bitcoin and Altcoins at AML/KYC Compliant Crypto Exchange
All AML/KYC complaint crypto exchanges uphold the lowest fraud rates. All licensed exchange service providers are perfectly compliant with all regulatory requirements (GDPR, CFT, AML/KYC, etc). Nowadays, it is a golden rule for crypto adepts to buy Bitcoin and altcoins at fully licensed and AML compliant crypto exchanges.
Use Easy USD to Bitcoin Converter with No Hidden Fees
Today, people can buy BTC with any credit, debit or prepaidcard (VISA, Mastercard, Maestro, American Express, etc.) — it is the fastest and most convenient way to purchase crypto. Nonetheless, it is really important to pay close attention to service pricing and make sure there are no hidden commissions charged on the checkout form. Seek for transparent and straightforward service providers and make sure that all bank card payments are 3DS (PCI SSC standard). As an alternative to USD to Bitcoin converter, there is a good opportunity to swap one cryptocurrency into another. As such, always look for multicurrency capabilities (BTC, ETH, USDT, LTC, XRP, DASH, etc.) and versatile payment methods (region-specific online banking, e-wallets, SWIFT, SEPA, wire transfer, etc.) that suit you the most. Life is full of choices, so choose wisely.
Easy Workflow, Seamless Order Processing and Speedy Delivery
When it comes to choosing a perfect spot for exchanging crypto, the key factors that come into play are ease-of-use and on-timedelivery. The onboarding process should not take long and the verification procedure has to be automated to the fullest extent— 15 min. on average. These are the determining factors for establishing excellent customer loyalty and seamless user experience. In addition, fast order processing (approx. 2-30 minutes) adds credibility and trust to the service provider.
Global Coverage, Accessibility and Interoperability
For a licensed crypto exchange service provider, the operational areas should cover Europe, Asia, Africa, Australia, North America and South America. The list of restricted locations can be limited only to the high-risk countries defined by the FATF. Going global means being more local. The process of buying, selling or swapping crypto has to be a pleasant online shopping tour that goes hand in hand with fast transaction processing, simple and intuitive user interface and proven reliability.
Top Security Standards and Data Encryption
The biggest concern for any person using the services of an online cryptocurrency exchange is the likelihood of fraud or hacks due to poor security standards. It is of great importance to look for the following features enabled on any solid and reliable crypto exchange:
1) Two-factor authentication (2FA), such as Google Authenticator, Authy, Yubikey or SMS;
2) Email and SMS informing;
3) SSL/TLS advanced encryption standards;
4) Automatic inactivity logouts.
5) Complex captchas.
6) Whitelisting of wallet addresses.
Ongoing Loyalty Program, Regular Discounts and Special Offers
In layman’s terms, customer loyalty is a customer’s willingness to interact with or buy from a specific company on a regular basis. Consumers who are already enthusiastic about a particular brand or trademark are more likely to continue using the crypto exchange services. Reward programs may include affiliate/referral/partner programs (passive income for participant may reach up to 70%), special offers, discounts, use of promotional codes for reduced service commission, free welcome and deposit bonuses, among others. Demonstratively, Switchere offers its customers its unique cashback program (up to 1%) for each successful order payment. Besides, the crypto exchange runs 2-level Affiliate program, where platform users can earn affiliate rewards (55% and 5%) for primary and secondary referrals, respectively. On top of that, every newly registered user can make the first order payment with no service fee whatsoever. As a result, great loyalty programs helpestablishing brand loyalty and customer recognition.
Do Your Own Research (DYOR)
Doing your own research (DYOR) is one of the most important aspects of engagement in the crypto market — and not only regarding online crypto exchanges. Search for genuine customer reviews, rating and user feedback, monitor media appearance for a particular crypto exchange. A scrupulous research may prove exceptionally valuable for anyone interested in crypto, DeFi, dApps, bitcoin mining and alike.
In summary, keep in mind all the above mentioned points and always weigh all pros and cons when the deal concerns your finances. Seamless user experience, auto verification, fast order processing, license and accreditation, reputation, top security standards, loyalty programs are one of the most important things to consider while choosing a reliable crypto exchange. Dream big, act quickly and create your own path to success in the fast-evolving digital world.
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Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
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