The benefits of choosing a reliable cryptocurrency exchange

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A strong uptrend has characterised market activity in recent weeks, helping Bitcoin fluctuate around the critical $6,000 per BTC unit level.

The net effect of current trends is higher lows and higher highs. These uptrends have pushed the moving averages upwards, creating several support zones for traders and investors. Bitcoin bulls are encouraged by recent trends, but they are equally aware of the volatility of this market. Cryptocurrency trading experts regularly warn of the high risk of this contrary market.

Investments in bitcoins and altcoins are heading for the main market, generating considerable interest among casual traders, long-term investors and speculators. The current resurgence is supported by several important developments, notably Bitcoin's lightning-fast network on the Apple Watch, and its continued profitability with Square. The recent rise is due to a breakout of the $8,200 level, where it has remained for months.

The question arises : where are traders and investors best served when exchanging Bitcoin cryptocurrency?

There have been many concerns about cryptocurrency exchanges over the years, including the recent Binance hack, which resulted in the theft of more than $40 million in BTC. In recent years, several other major exchanges have suffered from allegedly watertight cryptocurrency security, such as 24,000 BTC hacked from BitFloor in 2012, 750,000 BTC hacked from Mount Gox in 2011, 19,000 BTC hacked from Bitstamp in 2015, and 120,000 BTC hacked from Bitfinex in 2016.

One leading cryptocurrency exchange represents a veritable Fort Knox against third-party hacking and interception of your personal data, crypto-assets and trading funds. This company has maintained its stellar reputation throughout and is part of the renowned Deposit Exness group launched its cryptocurrency exchange to facilitate lightning-fast trading of digital assets, cryptocurrencies and tokenised assets.

Leadership in innovative trading solutions

eToro has always been an innovator in disruptive finance. With more than a decade of experience in the industry and global operations, eToro has taken the next step by launching eToroX. This blockchain-based cryptocurrency exchange focuses on tokenised assets for traders and investors. The Xchange and regulated e-wallet are guaranteed to be secure. Traders can use this stable trading platform to trade cryptocurrency in real time.

Among the many offerings provided through eToroX are cryptocurrencies, digital assets and a powerful infrastructure designed to tokenise assets

The brains behind the creation of this cryptocurrency exchange have more than a decade of experience at the forefront of global FinTech operations. With complete transparency, licensing (Gibraltar Financial Services Commission) and the widest possible range of products, it is now possible to enjoy a high-performance digital asset exchange online. Transactions are processed at lightning speed, and thanks to tight spreads thanks to large trades, customers can always be assured of competitive prices. The asset index includes the following options: ETH, EURX, NZDX, CHFX, AUDX, JPYX, GBPX, CADX, RUBX, CNYX, XRP, LTC, BCH, BTC, USDEX GOLDX and Silver- SLVRX.

A total of 43 crypto-asset pairs are available to registered traders, including:

LTC / CADX
ETH / EURX
BTC / USDEX
BTC / EURX
XRP / JPYX
LTC / BTC
LTC / ETH
ETH / BTC
BCH / BTC

Joining the exchange is a relatively simple process. Customers must provide personal information and relevant documents, email address, password and phone number. Once an account has been created, a confirmation email will be sent to the recipient's inbox.

The security centre is top notch, and this is what makes it stand out from the competition. First, eToroX offers strong data encryption to ensure customer privacy. 2FA (two-factor authentication) adds an extra layer of security to the platform.

But it's the extra features that make this cryptocurrency exchange the best choice, such as limited login attempts, strict KYC protocols and suspicious activity detection.

Regulated and secure cryptocurrency wallet

The eToroX wallet is fully loaded, ensuring maximum security, exchange and payment processing capability. It complies with ISO 27001 and ISO 27032 and is regulated by the Gibraltar Financial Services Commission (GFSC). Crypto Wallet is available for Android and iOS smartphones and tablets through the Google Play Store and App Store.

Read More 6 tips for investing in cryptocurrencies

 

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