We’ve all probably wondered at one point in time if we should even bother with cryptocurrencies. Judging by the rapid demand for cryptos, it seems that it’s only just the beginning. Once we’ve established and decided that ‘of course’ cryptocurrencies are a market worth delving into, there comes the hardest question of them all: which crypto exchange should I go with?
There are many variables to consider before choosing the ideal crypto platform to commence or continue your crypto trading experience. Many beginners may look for a user-friendly and intuitive interface to get them going, whereas experienced traders may prefer more reliable options in terms of their strategy and the quantity of cryptocurrencies available.
The most important factor to consider when navigating a crypto exchange is its security element and how well it is implemented. There needs to be full transparency in how an exchange goes about securing its systems and, by default, their customers’ assets.
NAGAX, although a rather new and upcoming crypto trading platform, has already established itself as one of the safest. As an uprising exchange for both newcomers and experienced traders, it has the fastest growing crypto community, with already over one million active users and traders.
We’ve gathered all the reasons why NAGAX is one of the safest platforms to trade your cryptocurrency.
NAGAX’s Security Features
NAGAX offers two-factor authentication and regulations such as KYC (know your customer) and AML (anti-money laundering), to safeguard their users’ accounts, which means that they are obliged to collect all the necessary personal information from their customers to have full transparency.
The platform also has numerous built-in security features that have enabled it to be a safe and reliable trading environment for users around the world. The cryptocurrencies of most users are stored privately on a cloud storage facility to further ensure that their digital assets do not get tampered with.
The NAGAX exchange offers a fully-secured wallet that supports over 1000 digital assets to buy and sell and more than 20 blockchains. The private keys of its wallet are fully protected by being stored via MPC technology (multi-party computation) and encryption protocols that will allow users to feel highly secure with their assets. Additionally, traders have the option of offline storage and a two-factor authentication system. All these extra measures are taken within the platforms’ infrastructure to ensure that customers’ assets are not vulnerable or exposed.
Some other added security measures that are incorporated in NAGAX’s service systems are firewalls that filter traffic that accesses their servers and the use of load balancers to control that their servers do not get overwhelmed by DDoS attacks (Distributed Denial of Service). The platform makes sure to have regular active surveillance and security patches, whenever any sort of vulnerability is suspected on their servers.
Although NAGAX is still one of the newest crypto trading platforms available, it has already become rather popular among beginners and expert traders. The extra security measures taken and features that have been implemented to reassure their customers’ safety and transparency are fundamental elements in gaining their users’ trust, as they are quintessential in ensuring that your funds, and the infrastructure that supports them, are fully protected by any means possible.
All in all, choosing the right cryptocurrency exchange can be a tricky process. The key to entering the crypto markets is to acquire as much knowledge and experience as possible. Due to the volatile nature of cryptocurrencies, it is best to be equipped with a clear understanding of all the terms and concepts that surround this new market, and be thorough in your research, so as to determine which one offers the more reliable, trustworthy and secure infrastructure.
Risk Warning: Cryptocurrencies are highly volatile and trading can result in the loss of your invested funds. Before investing you should be aware that cryptocurrencies may not be suitable for all investors. You should therefore carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition and not invest money that you cannot afford to lose.
