It’s Invest Diva's Kiana Danial https://www.investdiva.com/ with NewsBTC and here is your cryptocurrency update. In our previous educational piece I talked about different types of cryptocurrency exchanges. Now you might be wondering how you should choose from the many available options. While there is no solid answer for this, to get you started, here are five out of the 10 ways to cycle through some of the most important characteristics in an exchange to help you make the best decision. #1: Security. This is one of the biggest issues in the cryptocurrency industry. Exchanges are at constant risk of hacks, frauds, and pump-and-dump schemes. That is why one of the most important things you must do before choosing your crypto-shop(s) is to do your research. In my book, [IMG]Cryptocurrency Investing for Dummies, I’ve explained more about the essential safety features you must check when choosing an exchange. The second characteristic you want to check is #2 Supported cryptocurrencies. there are thousands of different cryptocurrencies you can invest in other than Bitcoin. Once you’ve decide which cryptocurrencies are right for you, you must make sure your exchange carries them. #3 Liquidity. Without sufficient liquidity, the prices and the speed of your transactions might get compromised. Once you’ve decided which cryptocurrencies you’d like to purchase, you should make sure your exchange offers sufficient liquidity and trading volume that helps your transactions to be fast and easy. #4: Fees. There are a number of different ways exchanges charge their customers. It would have been great if they didn’t. But let’s face it, these exchanges are no charities. Charging customers fees is precisely how they make money to stay in business. While paying less is always attractive, keep in mind that it’s best to prioritize security and liquidity to the fees. #5 - Location. Depending on where you live, you might find a specific exchange that works better for you in your country than another, more popular one on an international level. Things like the fiat currency they accept, and the fees they charge locals comparing to international customers are some of the things to keep in mind. These were five out of 10 things to check before choosing a cryptocurrency exchange. For more, please visit investdiva.com, and flip through [IMG] Cryptocurrency Investing for Dummies. Thanks for watching, invest responsibly, and I’ll see you with more updates next time.