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CEX: The Best Place to Buy Crypto

Crypto has become one of the most promising investments and trading options. Due to the high price volatility and frequent price changes, this market is attracting more and more new users who want to profit in this market.

We have composed the list of advantages of buying cryptocurrency:

  1. When an emerging project holds a token sale, you have the opportunity to become one of the first investors. You can be one of the first to buy low-price coins or tokens, with a better chance of making a fortune when the project grows and becomes popular.
  2. You can use cryptocurrencies to make payments on the Internet and to make quick transactions in the real world (goods and services) without intermediaries.
  3. Long-term investment.
  4. Trading.

Now let’s talk about the best option of a crypto platform to use for all the purposes mentioned above.

The Best Place to Buy Crypto

Experienced traders and investors often buy crypto on centralized (CEX) and decentralized (DEX) cryptocurrency exchanges. Centralized platforms are legitimate services that ensure the safety of users’ funds and allow for fast transactions. Users’ investments are stored on the exchange’s servers and are protected from hacker attacks. The responsibility for the user’s funds is therefore shared between the user and the platform.

Centralized exchanges, such as Binance, WhiteBIT, Coinbase, Huobi, Kraken, and OKEx, offer a wide range of trading instruments, such as spot, futures, margin and P2P, which traders can use efficiently.

Decentralized platforms are more suitable for experienced traders due to their slightly more complex interfaces. Besides, DEX offers a limited number of trading instruments compared to CEX. With decentralized services, users’ funds are not stored on servers but are transferred between users’ wallets. In this case, a cryptocurrency platform is not responsible for the security of the funds. Popular DEXs: UniSwap, PancakeSwap.

We recommend buying cryptocurrencies on the best European crypto platform WhiteBIT. It is a legitimate exchange with various trading tools, more than 400 cryptocurrency pairs available, a convenient and user-friendly interface and a high level of user security.

Ana Hoffman
Anna Hoffman is a part-time blogger who blog about Business Technology, Digital Marketing, Real Estate, Digital Currencies, and Educational topics.
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