Trading cryptocurrency sometimes be intimidating. Whether you want to change Eth to SGD or any other crypto for that matter, this is something that you need to learn for some time to succeed. The good news is you can make your life easy by using an AI trading platform Singapore.
Going with the wide range of options including many that have been around, you have to take a lot of care when searching for the best. When cryptocurrencies first appeared, early adopters acquired coins through mining or swapping them in online forums.
But unless you have a lot of free time, you will certainly want something more convenient. Enter crypto exchanges that store crypto assets that match you with other buyers and sellers. But you can’t just dive in without enough understanding. With that in mind, be sure to consider the factors below when choosing a crypto exchange in Singapore.
Number of Coins You Can Trade
With the rapid increase of crypto exchange, there are many crypto options to choose from. No exchange offers every digital asset, so make sure yours provides the ones you want. Think about whether you are mostly interested in Bitcoin, Ethereum, and the handful of leading DeFi tokens that help drive smart contracts or a simpler or more complicated menu.
In this case, a great starting place are large, well-known exchange like coin base and kraken, which offer a wide array of coins that can accommodate most investors, from beginners to active traders.
Highly Sufficient Liquidity
You should take it upon yourself to find an AI trading platform Singapore with liquidity that is the ability to easily turn your cash into coins or vice versa without paying a big mark-up. That’s especially true because prices increase in the world of digital assets. When the price of a coin you want to buy is rocketing to the moon, you will want to know your buy order is filled quickly and at a price close to the one you see quoted on your screen.
Not to mention, you will want to look for an exchange that is well established with at least five-year track record and also one that takes steps to prove it possess the assets it claims to hold on your behalf. With such an exchange, you will always have an easier time when you want to convert Eth to SGD.
