Verge
$0.05088 -0.81%
XVG · 20w

Middle East Crypto Exchange Review: Where to Buy Bitcoin in MENA

1. Liquidity

Liquidity refers to the ease of buying or selling in the market. If an exchange is highly liquid, it means that there are a huge number of buyers and sellers. This is the optimal scenario since more activity in the market allows users to always get the best prices and transact much faster compared to a low liquidity environment. Crypto liquidity in the Middle East is low due to the availability of exchanges in the region.

2. Ease of Use

The exchange should be extremely easy to use and intuitive for users. Ease of navigation throughout the platform enables users to access any features easily and directly enhances user experience.

3. Security

Security is the most important aspect of any crypto exchange. The type of security mechanisms employed by exchanges is vital in ensuring that your coins are safe. Before you sign up for any exchange, you have to verify certain security aspects that include:

Keeping Deposits in Cold Storage: This means that your coins are safely tucked away offline, beyond the reach of online hackers. Availability of 2-Factor Authentication (2FA): 2FA increases security by linking your account to your email or mobile phone. A unique code will be sent every time a core action, such as logging in or making a trade, is made. Email Encryption and Verification: For every transaction there will be an email sent to your account to confirm the transaction, ensuring that your account is secure. Absence of Hacks: Do a quick research on whether the exchange has been hacked before or suffered from security breaches. News of a hacking incident on a particular crypto exchange is usually an indication of security weakness. This is something you should avoid. 4. Trading Fees

Low fees for buying and selling is always good for users, especially if you are constantly trading. It is always a good idea to compare the fees across exchanges. This is especially relevant in the Middle East, where the lack of crypto exchan...

Continue on blog.fasset.com
Recent news
No posts found