Sat. May 18th, 2024

The conditions for registration and withdrawal of funds must be carefully considered when selecting an exchange. It is desirable to favour large, well-known sites: they have more revenues, some of which can be used to improve the protection system; their management has more difficulty in committing crime, as identity is known to society and financial regulators.

When searching a site, it is important to consider the number of trading pairs as well as the cryptocurrency represented on it. On the one hand, the greater the number of digital assets, the greater the opportunities for trade and investment. On the other hand, the sites can add tokens to little-known projects — this is one way of making money.

In addition to the interface and list of cryptocurrencies, the tools offered by the exchange should be studied.

As a rule, people ignore the user agreement. When you register on the exchange, you absolutely cannot go without reading it. If you do not know the terms and conditions under which the site operates, you may lose your money. Please read the conditions of registration on the exchange.

When selecting a site, the ways in which funds are injected and withdrawn should be explored. The more funds, the more convenient the exchange will be. The number of withdrawals and replenishments can also be seen as a sign of the company’s reputation.

It is necessary to get acquainted with the history of the exchange, it will help to secure oneself and capital.

And most importantly, licenses for an official broker’s work must be held by every exchange that enters the market.

The above are the main criteria by which we analyzed Interactive Brokers Hong Kong. In the course of the audit, we concluded that the exchange has significantly more advantages than disadvantages. Moreover, it is officially regulated in Hong Kong. The broker is regulated by the Hong Kong Securities and Futures Commission, and is a member of the SEHK and the HKFE. This means that users can safely leave their money on the platform and not worry about anything. Each exchange has its advantages and disadvantages, but its choice is so great that it is easy for a novice investor to be confused. Among the benefits of a company-the more traded the less it is collected, this is the main distinguishing feature of the exchange and fixed pricing is a simple and real amount per share. 

By Manali