Learning how to buy a Bitcoin is the first step to get started with digital currency. But, knowing the best bitcoin exchange to select will be the important first steps. As you are investing all your funds in Bitcoin and exchange you can buy, ensuring that you are selecting the best one becomes very important. Here we are going to take you through top items in the checklist that we suggest reviewing prior to making your decision to choose the Bitcoin exchange. Keep in mind; these are some suggestions that will help you to make the correct decision. In an end, things will always change as per the exchange and market. However, doing your research first is encouraged.
What country the exchange is located in?
You need to know your country & where this bitcoin exchange is based is very important, as regulations and laws will differ from one country to another. Purchasing bitcoin in the home country is generally recommended. In spite of the bitcoin exchange based in your country or not, exchange might accept the multiple currencies. Ensure you check out the fine print; generally, exchanges post in the terms of service or what currencies they do & don’t accept.
Security is very important
Knowing that exchange is safe is important and must not get overlooked. Is an exchange site HTTP or HTTPS? For this to have the secure protocol it should be HTTPS. Does exchange provide secure logins all along with 2 factor authentication? These are some things that you need to think of before choosing the exchange.