Cryptocurrency Exchange Selection Factors Training Ppt

Slide 1

This slide lists some factors that must be considered while choosimg a cryptocurrency exchange to trade on. These factors are accessibility, security, liquidity, coins offered, fees, storage, educational tools, and tax information.

Slide 2

This slide talks about accessibility as a key factor in determining a suitable cryptocurrency exchange for trading. Your state or national rules may prevent you from buying or selling cryptocurrency on specific exchanges depending on your region. Some countries, like China, have prohibited individuals from using cryptocurrency exchanges.

Instructor’s Notes: It is critical to obtain information on an exchange's geographic constraints as well as related accessibility variables, such as national currencies accepted, on its website or in its terms of service.

Slide 3

This slide talks about security as a key factor in determining a suitable cryptocurrency exchange for trading. Certain exchanges have insurance policies to protect users' digital currencies against hacking or fraud.

Slide 4

This slide talks about liquidity as a key factor in determining a suitable cryptocurrency exchange for trading. If you wish to purchase, sell, or trade cryptocurrency, the exchange you choose should have enough trade volume to keep your assets liquid, which means you can sell these whenever you want

Slide 5

This slide talks about coins offered as a key factor in determining a suitable cryptocurrency exchange for trading. Not all cryptocurrencies are listed on every exchange. Newer altcoins, currencies with a modest market size, and meme coins may necessitate a little more for you to zero in on their exchange.

Slide 6

This slide talks about fees as a key factor in determining a suitable cryptocurrency exchange for trading. Trading fees may be fixed, but they are frequently calculated as a percentage of your trade—some exchangers, such as Cash App levy variable fees based on price fluctuations. 

Instructor’s Notes: Before handing over your money, be sure you understand how and when an exchange will charge you for your crypto transactions.

Slide 7

This slide talks about storage as a key factor in determining a suitable cryptocurrency exchange for trading. Among cryptocurrency enthusiasts, storage can be a divisive topic. Many people argue that the owner should keep their crypto holdings instead of putting the public and private keys, linked with their crypto holdings, under the custody of exchange

Instructor’s Notes: You may decide to retain your crypto in your own wallet later, once you've learned more about storage choices and expanded your holdings.

Slide 8

This slide talks about educational tools as a key factor in determining a suitable cryptocurrency exchange for trading. When it comes to choosing an exchange for crypto beginners, the ability to learn more about different coins, digital assets, and blockchain technology is a top consideration.

Slide 9

This slide talks about tax information as a key factor in determining a suitable cryptocurrency exchange for trading. Crypto traders must record all cryptocurrency trades to help you in filing capital gains tax and comply with relevant taxation laws.