When selecting a centralized exchange (CEX) for trading and investing, security is paramount. Essential security features include 1:1 Proof of Reserves (PoR), insurance funds, and regulatory compliance. Additionally, a smooth KYC process, fast execution, and deep liquidity with a wide range of trading pairs are crucial for an optimal trading experience.
The article highlights Bitunix as an example, noting its over 3 million users, $5 billion daily trading volume, and 800 live trading pairs. Traders are advised to assess CEXs based on liquidity depth, order book thickness, and the platform's ability to handle large positions without slippage. A practical test of the platform's performance during both stable and volatile market conditions is recommended to ensure reliability.
Key Considerations for Choosing a Centralized Exchange
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