Be Safe, Not Cheap. How to Choose a Reliable Crypto Exchange Service and Not Lose Money
In 2023, the question of choosing a reliable crypto exchange service is more relevant than ever, considering the background of high-profile scandals with traditional CEXes and the influx of fraudulent projects. Crypto exchange services are much easier to use than typical crypto exchanges, where the functionality is much broader, at the cost of some limitations like the KYC requirement. People that mostly use crypto for financial transfers and investments prefer to use exchangers, which allow you to quickly and conveniently buy and sell cryptocurrency. Often exchangers offer even more favorable rates than popular crypto exchanges. In this article, we will learn how to choose the right crypto exchange service that offers secure transactions.
To create relevant and professional content on the topic, we asked for an advice of the specialists of AnyExchange.best. This service is one of the ten largest crypto exchange services in the CIS and has a high rating on specialized exchanger monitoring services. AnyExchange works with cryptocurrencies and electronic money, performs cashless payments by cards and through SWIFT/SEPA/WISE/REVOLUT, as well as international cash-to-cash transfers in more than 50 countries in Europe, Asia, America, Australia and even Africa.
According to AnyExchange’s recommendations, you should rely on three main criteria when choosing a crypto exchanger:
- Reputation. The company should be on the market for more than one year, have reviews on the exchanger monitoring services obmify.com and bestchange.com, on specialized forums and review portals, such as: trustpilot.com, mywot.com and bits.media. If the company is active in social networks and the comment section is open to leave feedback — this is a big plus.
- Security. The company’s website should be protected by an SSL certificate, there should be an AML service to check the legitimacy status of the cryptocurrency, as well as a transparent client agreement with refund terms. Be sure to read the agreement before making exchange transactions.
- Quality of service. The company’s website should have an online calculator with transparent rates and no hidden fees. Multichannel and promptly responding support services should be available to users at all times. The exchanger company should support a large number of currencies and payment methods. A referral program and loyalty system will be a plus.
According to the Chainalysis research group, in 2021, cyber criminals stole about $6.2 billion from people around the world. During the year of the pandemic, the number of cybercrimes increased by 80%, and this growth gradually continued in 2022. The main tools that scammers use are lucrative attractive offers and the surprise factor to catch people off guard. Remember: if the offered price is significantly different from the market price, it is most likely an indication of fraud. And if you are also rushed to make the operation, you should immediately stop and think carefully, so as not to lose money.
When exchanging cryptocurrency, we recommend using trusted crypto exchangers with a proven track record, such as AnyExchange. Be sure to study the reviews and understand how the service works before making transactions. For example, to make an exchange on AnyExchange.best, all you need to do is fill out an application and proceed to a secure exchange process. Registration is not mandatory, but it gives you the opportunity to earn additional bonuses. Regular customers enjoy the benefits of the loyalty programs. This gives access to the best rates on the market, moreover users get bonuses for each operation that can be exchanged for any currency. Customer support service is implemented through a special application on the website. It is also possible to directly contact our manager in a messenger or contact via social networks. If you are faced with the choice of being cheap or safe, choose safety and save your money.