Get it to go to see Xchange
show the cryptocurrency exchange is the place where you can buy Insan in exchange group of currencies
without which the currencies as well as traditional ones like use those neurons when selecting your
crypto currency exchange.
These are the things to look for price fees security and payments.
OK.
So let's start with price.
Price what kinda quantity price varies from exchange to exchange you need to look at the bid ask spread.
If there's such a thing sometimes they don't.
They don't a be aspect time.
There is no difference between the price asked them sell and to buy this one that is the spread meaning
the difference between the price in the US price the less you pay for buying selling on exchanging Korean
currencies.
On the other hand the beginnings of the first week in the beat in the ask price the more you pay to
buy sell or exchange your currency.
Let's look at this graph.
This chart shows nine major cryptocurrency exchanges between X and BTC cx.
I know I'm a Gemini.
He BTC he beat Kraken while the chart shows in the beat and spread for each exchange.
The spread changes constantly throughout the recession to make things a bit simpler to analyze.
I'm using a weekly chart over a six month period so you can easily see that Coinbase Gemini and Phoenix
have the smaller spread with a range between zero point 0 0 6 and 0.04 the next in line.
We find that can be BTC in big state their bid ask spread ranges from zero point zero to zero point
130 Inayat a bit more expensive sine we find that see X that I O and he BTC There are ranges from zero
point one fifty to zero point to fifty.
Please know that price is one factor to consider.
Oftentimes the price that the exchange charges is very low but the fees for the boys in all we are or
funds can be substantially higher.
So that's something to check as well.
Check the fees again.
What about fees.
So why isn't cryptocurrency exchanges keep their prices low.
And often time also the training fees.
Then we charge you as much as 5 percent of your total investment.
When the positive or withdrawing funds.
So be aware of these extra fees they can really eat away at your profits and shrink your capital.
Read the tiny prints before you sign up for any of those exchanges.
Look for the security.
So we discuss security in the previous lecture where we talk of our wallets.
However if you are parking your could talk on the on in exchange and not in your personal wallet.
Security is definitely an aspect that you need to research look for exchanges they have two factor authentication
and also cold storage and then payments exchange is only an asset deposit via Sep a or wire transfer
which typically take one to five days 1 3 5 days.
So if you want to use your credit card you will often be forced to sign up and broker services.
So this is depends if you don't mind transferring money from the vendor down to the exchange you just
know that it's going to take a few days.
That's usually the way it's preferred over the credit card break because then you are using your credit.
And you know when we trade in this is the most important piece in trading trade only when you can afford
to lose.
It's money.
It's play money game.
Don't trade money.
You need to pay for rent food bills get their money keep it don't throw them out.
No trouble.
I've seen people run into trouble because they took a loan from a bank and they start trading in lost
money and then had to pay it back.
It's crazy.
So only invest trade risk the money you can afford to lose.
Think of it as play money game.
Even though when you trade the trade as a business but don't trade money you need to leave on very bottom.
Don't do it.
And then within Exchange look for availability.
So exchanges might not be available in your country so make sure that your company has Respublica exchange
rate you want to be treated.
To find that the exchange the benefits your needs.
Visy crypto rather that coursey or.