Cryptocurrency Exchange The Best Crypto Exchange For 2023
Finding an exchange that appeals to your crypto trading style, knowledge, and preferred payment method can be difficult. With so many options out there, it isn’t easy to know what sets them apart.
At Zeply, we value accessibility and security. We provide our users with a simple, innovative exchange that is usable for complete trading newbies and veterans alike. Our crypto exchange review highlights some of the key attributes of top-performing platforms, what to look out for and how to keep your funds safe.
Things To Consider When Choosing Your Exchange
A cryptocurrency exchange is an online platform used to exchange traditional currencies with digital assets. Depending on the type of platform, they will work very similar to a stock exchange or a currency exchange.
When selecting the best crypto exchange for you, it is worth thinking about why you are looking to trade cryptocurrencies. This will help determine if you are keeping your eyes peeled for a simple, easy-to-use platform or a more complex, intricate system.
Perhaps you are looking to make your financial assets more diverse? Especially when considering the current movement in the Forex market. Maybe, you are looking at a long-term investment? Or perhaps you have found a specific ICO or start-up you are particularly interested in? Whatever your reasons may be, our comprehensive list below will help establish the key things to consider when selecting your crypto exchange.
Your Knowledge
Before getting into the nitty-gritty of a platform, it is best to look at yourself as a trader first. What kind of background do you have? Have you traded stocks or been active in the Forex market previously? Do you know how does cryptocurrency work?
Cryptocurrency exchanges predominantly cater to either complete beginners or cryptocurrency investment veterans. However, we at Zeply have found a middle-ground with our Bitcoin exchange, a way of ensuring simplicity is met with innovation, reliability and security, as you trade instantaneously between traditional currencies and Bitcoin.
For those of you who want to brush up on your terminology and include terms like “crypto halving” and “crypto mining“, understand how Bitcoin could soon become a general form of payment or want to find out more on Zeply as a whole with a Zeply review.
Also, being able to read a cryptocurrency price chart when you are a beginner is useful to learn about price volatility and how it can affect you when you finally buy cryptocurrency.
We also offer the chance to boost your knowledge with our dedicated crypto news section. This blog-like section is updated regularly, so whether you are a Bitcoin beginner or Bitcoin pro, you can keep adding to your knowledge with the Zeply platform.
Security
Did you know the combined monthly trading volume of the largest crypto exchanges exceeds hundreds of billions of dollars? It is unsurprising then that crypto exchanges come under threat from hackers regularly. What is your exchange doing to protect your assets?
We at Zeply start at the sign-up process, ensuring our customers provide legitimate documentation and adhere to the “Know Your Customer (KYC)” process. This process lessens the risk of cryptocurrency being used for fraud, money laundering or terrorism and ensures that all of our users are exactly who they say they are!
By providing two forms of identification and a selfie (a staple across most platforms), we at Zeply are able to review all your documents and have you trading within 24 hours.
As an extra level of security, we find our users like to take advantage of our two-factor authentication system. A system that requires a second confirmation from yourself whenever you buy, send, deposit, withdraw or exchange funds.
You can easily set up the two-factor authentication from your account, and you can choose to receive your unique codes via SMS or through the Google authenticator app.
Transparency
All credible exchanges will showcase their registration and license on their home page (usually at the bottom). If not, they may briefly mention it in their “About Me” section. Terms of use and the privacy policy should be made accessible before you sign up too, as you need to make sure you know exactly what you are signing up to!
At Zeply, we like to be open and honest with our customers, updating you of any changes to terms, or your account, through our handy “notifications” tab. We clearly state we are registered in Estonia and licensed by the Estonian Financial Intelligence Unit at the bottom of our homepage too.
Throughout the rest of our site, we consistently explain the real risk attached to trading currencies and try to educate our users on how to be safe with their cryptocurrency. In our terms of use, we advise traders directly that they should never share any of their transaction details (found on the “activities” tab). These details include sharing their Zeply ID, the transaction hash, recipient address, or email address with anyone unless they can prove they represent Zeply.
Fees
As a general rule, cryptocurrency transaction fees are designed to encourage frequent trading in large transaction amounts, i.e., the more you spend, the lower % fee you will pay. A fee usually occurs when depositing or withdrawing fiat too, meaning you’re better off transferring cryptocurrency to or from another wallet rather than using your debit card. Not the best news for first-time traders looking to join the crypto revolution!
Our inclusive fee system eradicates trading fees. You can send, receive, exchange, deposit, store in our crypto wallet, or withdraw from your account completely free (when exchanging currencies, only the exchange rate is applied), no matter what the transaction value (providing it is above our minimum amount).
There’s more good news too – we do not have a maximum transaction value, allowing you to exchange as much traditional or digital currency as you wish with no nasty hidden fees. You can even buy crypto with credit card, and we are working to let you buy crypto with PayPal.
Selection of Coins
This section relates back to your own knowledge too, understanding what a cryptocurrency is designed to do, how it will be valuable in real-world use and why it will be successful are great ways to identify a worthwhile coin/trading opportunity.
If you are new to cryptocurrency, it is worth asking those questions on an already established coin, such as Bitcoin. Consider its key features, who it is backed by, how it can be used in the real world, and if you believe in its longevity?
Many platforms will host various coins, ICO’s, and start-ups, requiring its users to research through countless whitepapers to find a coin they genuinely believe in. Instead, we at Zeply provide a platform to bring Bitcoin into the real-world. To be considered as a standard form of payment, Bitcoin needs to shed it’s 10-minute processing times, and it needs to be accessible for all, tradeable at the click of a button and withdrawable in fiat, all of which can be done on our platform.
Although Bitcoin is currently the only tradeable cryptocurrency on Zeply, we will look to expand our coin availability in the future. We will also make amendments to our built-in wallet to accommodate such changes. A bonus, not all crypto exchanges have.
User Interface & Usability
Regardless of your trading experience, being able to work your way around your platform comfortably and efficiently is a must. Knowing how to access your funds, live market prices and knowing where to ask for help is imperative to ensure you have as successful a trading journey as possible.
At Zeply, we believe in accessibility for all, innovation and simplicity, and you will see this is at the core of all we do. Our sign-up process is a simple, guided four-step process that requires essential information and documentation to be verified before you can use the exchange. Once verification is complete, and you have authorised your payment method, you can begin to trade on our simple platform.
All essential trading activity can be completed on your “dashboard”. Your dashboard features tabs on the left-hand side which are relatively self-explanatory; for example, “buy” is where you would go to buy Bitcoin, “Send” is where you would go to sell currencies etc. There is also an “activity” tab, which is a live financial log of any transactions that have occurred on your account.
When you look to buy Bitcoin with Zeply, you buy with real-time market prices. Simply enter the amount of traditional currency you wish to purchase (this will then itemise the value in Bitcoin), select “Buy”, and your funds will be transferred straight to your wallet!
Our web-based payment platform is currently accessible online-only via desktops, laptops and other mobile devices; however, our dedicated tech team are working hard to create the best crypto app, making Zeply even more convenient to use.
Customer Support
When selecting your cryptocurrency trading platform, the final piece of the puzzle is finding a platform with impeccable customer support. It should go without saying, but any issue you have whilst using your platform should be dealt with in a timely manner, with the correct advice.
When keeping your wallet and exchange separate, the main issue users find is confirming whether they need to contact the wallet supplier or platform directly with their issue. This problem can result in a game of back and forth, causing delays in the resolution of your issue.
Thankfully, we at Zeply provide a built-in wallet when you set up your account. Our innovative exchange links directly to your wallet, meaning any problems you may encounter with your exchange or wallet can be discussed in one place, with a single set of agents offering you direct advice. No confusion and no hassle.
Although we do not currently accept incoming calls, we are available 24/7. Simply click on the black & white bubble icon in the bottom-right corner of your screen to open up our live chat facility, connecting you directly with one of our knowledgeable agents.
If your query isn’t too urgent, you can always contact us by email at [email protected] or see if we have already answered your question in our “Support” section.
Sign Up With Zeply Today!
As we previously mentioned in our crypto exchange review, the platform you decide to trade with needs to fulfil all of your trading needs. Most coin exchanges will be better suited to a beginner or a veteran, and all will include some sort of deposit and withdrawal fee. Platforms with an array of coins may appeal to veteran traders; however, they may find that they do not have the most knowledgeable customer support staff (After all, it is difficult to know everything about everything!)
At Zeply, we boast accessibility, simplicity and innovation. Being the first exchange to provide instantaneous Bitcoin transactions, we aim to help crypto become a standard form of payment. We offer zero fees on any trade, exchange, deposit or withdrawal, ensuring that the price you see is the price you receive. Our expert customer service team are on hand 24/7 to answer any issues you may have, and our “Support” page is ready and waiting to help you get your account set up.
On the other hand, if you live in the UK, don’t miss the opportunity to read our guides on UK crypto exchange and bitcoin exchange UK.
We wish you all the best in your trading journey and hope our crypto exchange review has instilled a greater understanding of what you should expect from a great platform.
