Cryptocurrency and blockchain are becoming more and more popular. Many new users join this field and learn how to trade and invest in digital assets. However, if you are only beginning your journey in the crypto world and you are searching for the safest place to trade crypto, this article will be helpful to you.
To determine if the cryptocurrency exchange is safe to work with, check out the following things:
- Is KYC required, or can you trade with no registration and verification?
- Are there mechanisms to protect your account?
- Is there information on anti-money laundering and countering the financing of terrorism policy?
If no such mechanisms are implemented in the exchange work, it is not worth trusting. The fact is that only centralized finance platforms operate legally and under official regulation. They comply with all necessary laws and meet the requirements of regulators’ authorities, thus, ensuring maximum security for users’ data and funds.
The most secure and credible crypto platforms are Binance, WhiteBIT, Coinbase, Huobi, and OKEx. Let’s take a closer look at the WhiteBIT cryptocurrency exchange.
Why Is WhiteBIT The Safest Crypto Exchange
Cryptocurrency trading is a risky activity, and it requires reliable and quality services. One of the largest platforms for trading in Europe is WhiteBIT. It operates officially under European jurisdiction. The exchange stores 96% of users’ investments on cold wallets, making it impossible to access for hackers.
The cryptocurrency exchange has launched the Fund, replenished from users’ fees. The fund is a guarantee for clients’ investment safety in the case of hacker attacks.
The platform complies with all the AML and KYC laws and implements the countering financing of terrorism policy. You can find detailed documentation on these subjects on the official WhiteBIT website.
Make sure you work with credible and legal exchanges, and your investments will be in a safe place.