ICO Exchanges : Choosing an Exchange for Your Tokens after ICOs

crypto trading

After investors take part in an initial coin offering, the next thing in line is to know what they can do with the tokens and where they can be exchanged. Maybe, the best, stress-free alternative is to wait for the implementation of the project and use the tokens bought for the services of the platform.

Nevertheless, there are a couple of projects that allow users to sell their tokens. One of those projects is the Playkey tokens. These tokens are used to access superior-quality games in low-powered computer, and you can also use them to acquire mining hardware.

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In the nearest future, these tokens can also be used to view broadcasts, support pro-gaming teams, for promotion, and much more. The most common strategy used by a lot of crypto investors is to hold and sell tokens when the price of the token is on the rise. But this might not always be the case, as you might sometimes want to transfer your digital currency to an exchange of cryptocurrency.

The Size of a Cryptocurrency Exchange

The size of a cryptocurrency exchange is determined by its volume on a trading platform. For example, listed below are some of the biggest cryptocurrency exchanges in October last year.

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  • Bitfinex
  • Bithumb
  • Bittrex
  • HitBTC
  • bitFlyer
  • GDAX
  • Kraken
  • Bitstamp
  • Binance

No doubt, the size of a cryptocurrency exchange has a significant impact on the positive reputation of the exchange as it indicates the ease of trading and security of an exchange.

Fees

Apparently, there are service fees for using a cryptocurrency exchange. Although the fees charged are usually less than 1% of the transacted amount, they might differ depending on the trade volume of exchange as well as its policies.

Exchange Locations

While you can access exchanges from any part of the world, the locations of exchange can still influence the range of its application and usability. Some countries are restricted by some exchanges; this means certain trade tools won’t be made available to them.

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https://smartereum.com/cryptocurrency-exchange-news-reviews-and-guides/


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