5 Top Benefits of Using an Instant Cryptocurrency Exchange
In cryptocurrency trading, time is always of the essence and there is therefore a need to know fast ways of buying and selling digital currencies. One such way to ensure quick transactions is instant cryptocurrency exchanges.
The main difference between an instant cryptocurrency exchange and an ‘ordinary’ crypto exchange is that the former doesn’t have to match orders placed with those of other users. Instead, an instant exchange fulfills your order from its reserves resulting in quick transactions.
So, what are some of the benefits of instant cryptocurrency exchanges? Below are some of the advantages:
Speed and convenience
Of course, the whole point of instant cryptocurrency exchanges is their lightning-fast transactions. This eliminates the need for any kind of wait, which allows those who want to take advantage of price fluctuations and also makes it possible to liquidate digital currencies to get cash to settle urgent needs.
Also, these cryptocurrency exchanges offer users great convenience as they don’t have to wait for identity verification, order processing, and other processes. Instant crypto exchanges ensure users enjoy an excellent experience, and this makes them the best choice for novices and veteran users who value swift and hassle-free trading.
Anonymity and privacy
Most traditional exchanges require users to go through a rigorous identity verification process and take users through a comprehensive Know Your Customer (KYC) process. However, instant crypto exchanges allow traders to transact without such lengthy processes. This is a great advantage as some users value trading anonymously and privately.
If you want to enjoy anonymity and privacy as you buy and sell your digital currencies, consider using an instant cryptocurrency exchange. This feature of these exchanges aligns perfectly with the cryptocurrencies’ original ethos which includes privacy and decentralization.
User-friendliness
You can use online and physical instant cryptocurrency exchanges. With online exchanges, you transact with just a few clicks by using friendly easy-to-navigate platforms. And for the physical instant exchanges, you visit the offices and with the help of knowledgeable, courteous, and experienced staff, transact within a few minutes.
These exchanges offer traders user-friendly services saving them the hassle of dealing with complex order books, charts, and navigating unfriendly platforms. Thus, new cryptocurrency traders can easily use instant crypto exchanges, and even those who are not tech-savvy or don’t want the stress of going through complex processes, especially on difficult-to-navigate sites.
Security
The crypto world is full of scammers and fraudsters who can easily rob traders of their hard-earned money. While some platforms are notorious for not having adequate security measures to protect users and their funds, instant cryptocurrency exchanges prioritize users’ security.
Good instant exchanges implement various measures to safeguard their customers and their assets. For example, they have usually advanced encryption technologies, store digital currencies in cold storage wallets, and employ secure socket layer (SSL) protocols.
Wide variety of digital currencies
If you want to enjoy trading in a wide spectrum of digital currencies, from the most common ones like Bitcoin and Ethereum to lesser-known altcoins, then use instant crypto exchanges. These exchanges allow you to explore various investment options and diversify your portfolio easily without having to use different platforms.
Conclusion
An instant cryptocurrency exchange has so many benefits for you as a user, and you should consider using one of the best. These benefits include speed and convenience, user-friendliness, security, many supported coins, and anonymity.