{"id":1506,"date":"2019-03-20T10:19:00","date_gmt":"2019-03-20T02:19:00","guid":{"rendered":"https:\/\/www.coincola.com\/blog\/?p=1506"},"modified":"2019-03-14T13:42:31","modified_gmt":"2019-03-14T05:42:31","slug":"5-key-criteria-for-the-best-crypto-exchange","status":"publish","type":"post","link":"\/blog\/5-key-criteria-for-the-best-crypto-exchange\/","title":{"rendered":"5 Key Criteria for the Best Crypto Exchange"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh3.googleusercontent.com\/OFDB6JZZT6HkNEg1NnJwUPjkHvcLCu_boRy4jNxst55wbrJk3iPyhr3CkGdN12UIZGqeRKxnhjOxHGkgJN_XfXs1MYL7DXYW1xVTlY9T0mSJKxJ3bfApjZTFu1W2PIMcOLoLwyL-\" alt=\"\"\/><\/figure>\n\n\n\n<p>As of February 2019, over 36 crypto exchanges have closed. Many more have been broken into by criminals, with users losing 7, 8, or 9-figure sums each time. Given these statistics, it\u2019s fair to say that the risk of a crypto exchange closing or losing your money is very real. <br><\/p>\n\n\n\n<p>The silver lining is that modern exchanges have learned from other projects\u2019 past failures. In fact, if you know which specific features and qualities to look for, finding a reliable one is easy. <br><\/p>\n\n\n\n<p>To wit, our own exchange &#8211; CoinCola &#8211; processes over 100,000 monthly transactions and has been online for over 5 years with no incident. In this article, we\u2019ll share what we learned in this time, going over the key features a safe, reliable crypto exchange needs to have. <br><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">#1 &#8211; Trading Volume<\/h2>\n\n\n\n<p>Trading volume is an indicator of several things. First and foremost, a high trading volume means that a large number of users is frequenting an exchange. This is a strong indicator of trust and stability, both of which are important in the crypto space. <br><\/p>\n\n\n\n<p>Second, trading volume means there\u2019s an active trading market, which in turn means you can buy and sell crypto quickly, easily, and at a fair price. <br><\/p>\n\n\n\n<p>For these reasons, trading volume is one of the best predictors of whether you should use an exchange or not. Try to stick to services that process large numbers of transactions. <\/p>\n\n\n\n<h2 class=\"wp-block-heading\">#2 &#8211; Community<\/h2>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh5.googleusercontent.com\/67CsW9n_YLhcl1XuYSdHLJYTJTXqc-YC2oMbI8fyrDPC9TRjw7etiFMBrxJ83QuD129uwKK_AgUaYGcrXlQM6fJMbxPKk1Ma4yjT-Y3vXEJRxZSh28xXQYw4GYVrBmNVj1wZ7pRN\" alt=\"\"\/><\/figure>\n\n\n\n<p>Crypto exchanges that are built to last tend to have one of two things. First, an active community that interacts via a Telegram channel, a public forum, or a social network page. <\/p>\n\n\n\n<p>Second, a knowledge base (like the one you\u2019re reading right now) that strives to educate their users about cryptocurrencies and blockchain technology. <br><\/p>\n\n\n\n<p>The reason is simple. Creating a community and\/or knowledge base is time-consuming and resource-intensive. If an exchange has one, it\u2019s very likely that the company is genuinely &nbsp;providing added values to the users who invest in its own long-term success &#8211; another predictor of stability and user safety. <br><\/p>\n\n\n\n<p>Should an exchange have both? Not necessarily. For example, OTC crypto marketplaces <em>are<\/em> already social in that sellers and buyers interact directly with one another. Conversely, some trading platforms have strong communities but no knowledge base. <br><\/p>\n\n\n\n<p>What matters is that some kind of valuable assets exists outside of just a \u201ctrading\u201d platform, proving that an exchange is both credible and functional. <br><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">#3 &#8211; Fees<\/h2>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh5.googleusercontent.com\/5hdxUrpL7ADrC4CCmtzL7VkAfQHRnWV1aJAySaTbhfo8WrWu0Bxh7S0UDlUgT1V9s6bYyzdIENuYD8HNROGtqyC9hZZjK-Bk9yCkMJMOMWOrg1HY7Nl_zxZe0skU2XjV02kxvbIu\" alt=\"\"\/><\/figure>\n\n\n\n<p>There are two extremes here. On one hand, you should never trust any exchange or marketplace that claims to charge users 0%. As the old adage goes, if something <em>seems<\/em> too good to be true, it probably is. <br><\/p>\n\n\n\n<p>On the other hand, you want to avoid platforms that are clearly going for a cash grab by charging high fees. As a rule of thumb, watch out for OTC fees in excess of 1.5% and exchange fees in excess of 0.5%. <br><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">#4 &#8211; Reputation<\/h2>\n\n\n\n<p>Can you find any suspicious news about an exchange you\u2019re considering? <\/p>\n\n\n\n<p>Simply run a Google search and check if an exchange appears on reputable, popular media sites, such as CCN, AMBcrypto, and CoinTelegraph. Media coverage and exposure should be present, given that an exchange wanted to receive validation from the public. <\/p>\n\n\n\n<p>Another thing to look for is the number of online reviews, or possibly poor reviews. Of course, every product has its fair share of critics, but lots of negative feedback is a bad sign.<br><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">#5 &#8211; Security <\/h2>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh6.googleusercontent.com\/53u1vbmdpPDWn_qtHNCx9DppK9bY_rxTzPTBsHOrtGYsFFB0t3afs2IrjAEiw7vK8DwjqWMjx0dT3rHIK04giujBcQahkd2CJIqyG8E4FXgXzs2nu0Nt6vJF2RpRxPfP4MpIB_mU\" alt=\"\"\/><\/figure>\n\n\n\n<p>Which kind of security features does an exchange or marketplace use to protect your assets? Below are some of the most important ones (all of which we\u2019ve implemented here at CoinCola): <br><\/p>\n\n\n\n<ol><li><strong>2-factor authentication<\/strong>: This uses SMS messages, e-mails, or passcodes to verify your identity before granting access. <\/li><li><strong>Multisig transactions<\/strong>: A feature that requires multiple digital keys before completing a transaction (preventing hacks!). <\/li><li><strong>Cold storage<\/strong>: wherein cryptocurrency reserves are stored in an offline repository, safe from cyber criminals.<\/li><li><\/li><\/ol>\n\n\n\n<p>If an exchange looks good across the above 5 criteria, you can most likely trust it. Still, use your own common sense and best judgement &#8211; especially when dealing with large sums of money. <\/p>\n\n\n\n<p><strong>About CoinCola<\/strong><\/p>\n\n\n\n<p>Founded in 2016, CoinCola is a Hong Kong based company offering both <a href=\"https:\/\/www.coincola.com\/buy-bitcoin\">over-the-counter<\/a> cryptocurrency trading and crypto-to-crypto pair trading <a href=\"https:\/\/www.coincola.com\/trading\/btc\/usdt\">exchange<\/a>. CoinCola now serves millions of users from over 150 countries with our fast, secure, and reliable trading services. We support BTC, ETH, BCH, LTC, USDT, DASH, and XRP. Visit <a href=\"http:\/\/www.coincola.com\">www.coincola.com<\/a> for more information. &nbsp;<\/p>\n\n\n\n<p class=\"has-small-font-size\"><em>Disclaimer: Trading and investing in cryptocurrencies, also called digital currencies, altcoins, crypto assets, and so on) involves substantial risk of loss. All informations are used at your own risk, and any content on this site should not be relied upon as advice or construed as providing recommendation of any kind. Please do your own due diligence. CoinCola is not responsible for any losses incurred as a result of using any content on our site, including without limitation videos, images, articles, telegram group discussion, social media channels updates or any other content.&nbsp;<\/em><\/p>\n\n\n\n<p><br><\/p>\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh3.googleusercontent.com\/OFDB6JZZT6HkNEg1NnJwUPjkHvcLCu_boRy4jNxst55wbrJk3iPyhr3CkGdN12UIZGqeRKxnhjOxHGkgJN_XfXs1MYL7DXYW1xVTlY9T0mSJKxJ3bfApjZTFu1W2PIMcOLoLwyL-\" alt=\"\"\/><\/figure>\n\n\n\n<p>Desde el mes de febrero de 2019, han cerrado m\u00e1s de 36 exchanges de criptomonedas. Los cuales han sido irrumpidos por delincuentes, y cada vez los usuarios pierden sumas de 7, 8 o 9 cifras. Teniendo en consideraci\u00f3n estas estad\u00edsticas, es preciso decir que el riesgo de que un exchange de criptomonedas cierre o pierda su dinero es muy real.<br><\/p>\n\n\n\n<p>El lado bueno es que los exchanges modernos han aprendido de las p\u00e9rdidas que han tenido en proyectos pasados. realmente, si usted sabe cuales caracter\u00edsticas y cualidades espec\u00edficas debe buscar, le ser\u00e1 sencillo encontrar uno confiable.<br><\/p>\n\n\n\n<p>Es decir, nuestro propio exchange, CoinCola, procesa m\u00e1s de 100,000 transacciones mensuales y ha estado en l\u00ednea durante m\u00e1s de 5 a\u00f1os sin incidentes. En este art\u00edculo, vamos compartir lo que hemos aprendido en ese tiempo, revisando las caracter\u00edsticas clave que un cripto exchange seguro y confiable debe tener.<br><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"># 1 &#8211; Volumen de operaciones<\/h2>\n\n\n\n<p>El volumen de operaciones es un indicador de varias cosas. Principalmente, un alto volumen comercial indica que un gran n\u00famero de usuarios frecuentan un exchange. Esto refleja un fuerte indicador de confianza y estabilidad, los cuales son esenciales dentro del espacio de las criptomonedas.<br><\/p>\n\n\n\n<p>En segundo lugar, el volumen de operaciones implica que existe un mercado de negociaci\u00f3n activo, esto quiere decir que puede comprar y vender criptomonedas de forma r\u00e1pida, sencilla y a un precio justo.<br><\/p>\n\n\n\n<p>Por tales motivos, el volumen de operaciones es uno de los mejores indicadores de si es conveniente usar un exchange o no. Trate de limitarse a los servicios que procesan grandes cantidades de transacciones.<br><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"># 2 &#8211; Comunidad<\/h2>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh5.googleusercontent.com\/67CsW9n_YLhcl1XuYSdHLJYTJTXqc-YC2oMbI8fyrDPC9TRjw7etiFMBrxJ83QuD129uwKK_AgUaYGcrXlQM6fJMbxPKk1Ma4yjT-Y3vXEJRxZSh28xXQYw4GYVrBmNVj1wZ7pRN\" alt=\"\"\/><\/figure>\n\n\n\n<p>Aquellos exchanges de criptomonedas que est\u00e1n dise\u00f1ados para perdurar tienden a tener una de dos cosas. Primero, una comunidad activa que interact\u00faa mediante un canal de Telegram, un foro p\u00fablico o una p\u00e1gina de red social. En segundo lugar, una base de conocimientos (como la que se encuentra leyendo en este momento) esta se esfuerza por educar a sus usuarios sobre las criptomonedas y la tecnolog\u00eda del blockchain.<br><\/p>\n\n\n\n<p>La raz\u00f3n es simple. La creaci\u00f3n de una comunidad y \/ o una base de conocimientos requiere mucho tiempo y recursos. Si un exchange tiene uno, es muy probable que la compa\u00f1\u00eda realmente est\u00e9 proporcionando valores agregados a los usuarios que invierten en su propio \u00e9xito a largo plazo, otro factor predictivo de estabilidad y seguridad del usuario.<br><\/p>\n\n\n\n<p>\u00bfDeber\u00eda un exchange tener ambos? No necesariamente. Por ejemplo, los mercados de criptomonedas OTC ya son sociales, ya que los vendedores y compradores interact\u00faan directamente entre s\u00ed. En cambio, algunas plataformas comerciales cuentan con comunidades fuertes pero no disponen de una base de conocimientos.<br><\/p>\n\n\n\n<p>Lo que importa es que alg\u00fan tipo de activos importantes existe fuera de una plataforma de \u201cnegociaci\u00f3n\u201d, demostrando que un exchange es cre\u00edble y funcional.<br><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"># 3 &#8211; Tarifas<\/h2>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh5.googleusercontent.com\/5hdxUrpL7ADrC4CCmtzL7VkAfQHRnWV1aJAySaTbhfo8WrWu0Bxh7S0UDlUgT1V9s6bYyzdIENuYD8HNROGtqyC9hZZjK-Bk9yCkMJMOMWOrg1HY7Nl_zxZe0skU2XjV02kxvbIu\" alt=\"\"\/><\/figure>\n\n\n\n<p>Existen dos extremos aqu\u00ed. Por una parte, nunca debe confiar en ning\u00fan exchange o mercado que pretenda cobrar a los usuarios el 0%. Tal y como el viejo refr\u00e1n dice, si algo parece demasiado bueno para ser verdad, probablemente lo sea.<br><\/p>\n\n\n\n<p>Por otro lado, si quiere evitar las plataformas que claramente van en busca de dinero en efectivo al cobrar tarifas altas. Como regla general, tenga cuidado con las tarifas OTC que excedan el 1.5% as\u00ed como las tarifas de intercambio que excedan el 0.5%.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"># 4 &#8211; Reputaci\u00f3n<\/h2>\n\n\n\n<p>\u00bfPuede usted encontrar alguna noticia sospechosa acerca de un exchange que est\u00e1s considerando? Sencillamente disp\u00f3ngase a realizar una b\u00fasqueda en Google y compruebe si aparece un exchange en sitios de medios populares y de buena reputaci\u00f3n, como CCN, AMBcrypto y CoinTelegraph. La cobertura y la exposici\u00f3n deben estar presentes, dado que un exchange quer\u00eda recibir la validaci\u00f3n por parte p\u00fablico. Otro aspecto a considerar es la cantidad de comentarios en l\u00ednea, o posiblemente malos comentarios. Por supuesto, cada producto tiene sus cr\u00edticas, pero una gran cantidad de comentarios negativos es una mala se\u00f1al.<br><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"># 5 &#8211; Seguridad<\/h2>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh6.googleusercontent.com\/53u1vbmdpPDWn_qtHNCx9DppK9bY_rxTzPTBsHOrtGYsFFB0t3afs2IrjAEiw7vK8DwjqWMjx0dT3rHIK04giujBcQahkd2CJIqyG8E4FXgXzs2nu0Nt6vJF2RpRxPfP4MpIB_mU\" alt=\"\"\/><\/figure>\n\n\n\n<p>\u00bfQu\u00e9 tipo de seguridad utiliza un exchange o un mercado para proteger sus activos? A continuaci\u00f3n se indican algunos de los aspectos m\u00e1s importantes (todos esos que hemos implementado aqu\u00ed en CoinCola):<br><\/p>\n\n\n\n<p><strong>Verificaci\u00f3n en 2 pasos<\/strong>: Esto emplea mensajes SMS, correos electr\u00f3nicos o c\u00f3digos de acceso para verificar su identidad antes de conceder el acceso.<\/p>\n\n\n\n<p><strong>Transacciones multisig<\/strong>: Esta funci\u00f3n requiere m\u00faltiples claves digitales antes de completar una transacci\u00f3n (\u00a1previniendo hacks!).<\/p>\n\n\n\n<p><strong>Almacenamiento en fr\u00edo (Cold storage)<\/strong>: son reservas de criptomonedas que se almacenan en un dep\u00f3sito fuera de l\u00ednea, a salvo de los ciberdelincuentes.<br><\/p>\n\n\n\n<p>Si un exchange se posiciona adecuadamente dentro de los 5 criterios antes mencionados, lo m\u00e1s probable es que pueda confiar en \u00e9l. A\u00fan as\u00ed, use su mejor juicio y sentido com\u00fan, especialmente cuando de grandes sumas de dinero se trate. <\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>As of February 2019, over 36 crypto exchanges have clos&#8230;<\/p>\n","protected":false},"author":12,"featured_media":1508,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_kad_post_transparent":"","_kad_post_title":"","_kad_post_layout":"","_kad_post_sidebar_id":"","_kad_post_content_style":"","_kad_post_vertical_padding":"","_kad_post_feature":"","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false},"categories":[87],"tags":[183,182],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>5 Key Criteria for the Best Crypto Exchange - CoinCola Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.coincola.com\/blog\/5-key-criteria-for-the-best-crypto-exchange\/\" \/>\n<meta property=\"og:locale\" content=\"zh_CN\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"5 Key Criteria for the Best Crypto Exchange - 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