There are a ton of cryptocurrency trading platforms out there, but not all services are created equal, however, and some are even untrustworthy! As a new investor, it can be pretty hard to figure out which ones are good to use and which ones are not.
To help you with this Cointobuy.io has added the exchange rating! This area of the website allows investors to evaluate their choices based on several different criteria which we'll go over below. All of these metrics are taken into account when the overall safety ranking for the trading service is evaluated.
When choosing a place to trade your coins, it's important to weigh all of your options. Only choose a trading partner who has demonstrated that they have your best interests in mind, and be vigilant for any suspicious activity that may indicate that the operation is not entirely legitimate.
The Google trends section is there to help you understand how popular a particular platform is. This section allows you to see how many people are searching for it in Google. The more people who have been searching for an exchange, the more high profile it is, and the less likely it is to be a scam.
This area will tell you how many people are talking about this particular website on Twitter. This can be a good or bad metric, and you should verify their social media activity for yourself. It is possible people could be talking about them, but using Twitter to complain about poor service. In any case, this can also be a good popularity metric to follow.
Many platforms offer API to investors, and these can be used for things like trading bots or setting up automatic tasks. This can obviously be very useful, but some exchanges offer more or less functionality for it. If you're interested in services that offer great API functionality, then you can use this area to find it.
This metric will allow you to see the website's age. If the platform in question has a low ranking in the age category then you may wish to proceed cautiously. A cryptocurrency exchange that has not yet developed a positive rapport with investors could be risky. If you do need to use a very new company only deposit small amounts until you are sure it is safe.
Interested in a website that offers their investors a lot of different trading pairs? Use this area to find which ones have the best options. This may not necessarily be a deal breaker for you if you only plan to trade using Bitcoin.
This metric represents data gathered by other Cointobuy.io users. On every area of the website, users are encouraged to vote for different content, and that includes the crypto exchange rating. Using this section you can get a better idea of how your fellow investors feel about a certain service. Bad companies will likely have poor results in this section. Good platforms will likely rank much higher.