On 9 September, Bitcoin, the first famous cryptocurrency and most popular to date, went live. About ten years later, it has become one of the most sought-after digital coins globally, continuing to mount pressure on traditional currencies. During its launch, the coin was trading below a dollar, astonishingly rising to about $20000 by the end of 2017. This represented a more than 1000% increase in price, which led to the birth of Bitcoin Millionaires and Billionaires. Owing to its unprecedented success, Bitcoin has become a currency of choice, especially for online traders looking to avoid access to information on their trading operations, attracting many users and traders. This has led to the rise of multiple Bitcoin trading platforms that offer users profit-making Bitcoin trading services and Bitcoin exchange, amongst others. Due to the high number of platforms, it is essential to understand what to look at that differentiates an excellent and reliable platform from a bogus one.
Table of Contents
Responsive Interface
Due to the complexity of financial markets and Bitcoin trading information, Bitcoin trading platforms should be simple for traders. Simplicity entails a sorted display of information, easy site navigation, and highlighting of crucial information, among others. Top platforms like Bitcoin Era capitalize on this aspect, ensuring users have a life-changing experience. Such apps concentrate on ensuring all the app features are working and customers find it easy to locate different services. A responsive interface also entails a high-performing platform that is not affected by internet fluctuations and can provide real-time data to users.
Enough Trusted Brokers
Brokers are any business acting as useful links between users and providers. Trusted brokers ensure that transactions conducted under the platform are safe and customer investments are secured. Getting suitable brokers on a platform entails direct involvement of the platform’s creators to vet potential brokers and ensure only those who are trustworthy and qualified are allowed to provide services. The more trusted brokers, the more the trading tools are powerful, the quality of services is high and essential resources are available for users.
Smart Systems
Highly rated Bitcoin trading platforms such as Bitcoin Era ensure that their customers can get automated, fast, and reliable processing of orders 24/7 using the most advanced technology available. With a combination of high-end trading technology and a 24/7 available support team, excellent Bitcoin trading platforms offer customers a reliable means of initiating trades. Intelligent systems ensure that customers do not miss out on identified opportunities. Automation enhanced user data storage and access, adding improved trading.
Trading Charges
Some Bitcoin trading platforms are costly, charging customers’ fees and commissions that make trading expensive and less profitable. However, other Bitcoin trading platforms do not have fees or commissions such as Bitcoin Era. They only make money from user activity and do not have extra charges other than those associated with the trade itself. Such platforms make Bitcoin trading a manageable business as the operating costs are minimal, allowing users to accrue maximum benefits. The less the trading charges, the more the users are motivated to conduct more transactions on a platform. Developers at Bitcoin Era understand this, informing their decision to remove all non-transaction charges.
Traded Cryptocurrencies
Some Bitcoin trading platforms are famous for offering a single cryptocurrency trading service. However, some like Bitcoin Era provide service to various cryptocurrency trading, including trades between different currencies. The rise of more cryptocurrencies after Bitcoin has necessitated trading platforms to provide cryptocurrency inter-trading services. This has led most renowned platforms to include rising cryptocurrencies such as Ethereum on their platform. Users can now trade Bitcoin with other famous crypto coins.