Pay Attention to These 5 Things Before Making a Buying And Selling Cryptocurrency Transaction

Exchange has an important role in buying and selling crypto-asset or cryptocurrency transactions. Exchange is an intermediary that connects buyers and sellers.
Analogues such as brokerage firms and securities in stock trading. Like the five biggest exchanges that have trading volume Binance, OKEx, Huobi, Upbit, and Bitfinex.
Of the many exchanges, as an investor you can choose one or more. So you can buy and sell crypto. Crypto Observer shares some tips to investors, in choosing a good exchange so as not to lose in the transaction.

1. The number of assets or crypto
   Not much exchange offers various crypto in the system. Exchange that provides many crypto, is certainly the best choice.
   This means that the exchange concerned has experience and human resources as well as capable technology to handle many crypto.

2. Liquidity
   Liquidity in this case is the ease of buying crypto or assets. A high level of liquidity means many buyers and sellers in it.
   That also means you have the opportunity to get a good sale and purchase price and ensure transactions are faster.

3. Security make sure the exchange you use is a cold storage wallet.
   This type of wallet, is technically offline because it is not connected to the internet. This means that hacking is very difficult.
   There are two types of wallets used to store crypto namely hot wallet and cold wallet.
   Hot wallet is a storage place for assets or crypto connected to the internet (online).
   And the cold wallet is a storage place that is not connected at all with the internet (offline).
   And a good exchange must have a 2-factor authentication feature, as a second layer of security after the password when entering the account and making withdrawal transactions and deposit transactions.
   It also has an encryption and verification e-mail feature, which requires you to confirm each transaction.

4. Customer Service
   Fast interaction from the exchange manager is also important. They must ensure that all problems faced by customers are completed quickly and accurately.

5. Transaction costs
   The transaction fee must also be reasonable. The range of 0.3% - 1% is understandable and not too large in asset or crypto transactions.