Escape Artist
  • Features
    • Interviews
    • News
    • Field Notes
    • Trending
  • Your Escape Plan
    • Finance
    • Real Estate
    • Second Citizenship
    • Digital Nomadism
    • Events
  • Destinations
    • Europe
      • France
      • Germany
      • Italy
      • Portugal
      • Scandinavia
      • Spain
      • UK
      • Rest of Europe
    • Central America
      • Belize
      • Costa Rica
      • El Salvador
      • Guatemala
      • Honduras
      • Nicaragua
      • Panama
    • Others
      • Africa
      • Asia
      • Australia
      • North America
      • South America
  • Travel Tips
    • Know Before You Go
    • Packing List
    • Food + Culture
    • Health + Wellness
  • Subscribe
Escape Artist
  • Features
    • Interviews
    • News
    • Field Notes
    • Trending
  • Your Escape Plan
    • Finance
    • Real Estate
    • Second Citizenship
    • Digital Nomadism
    • Events
  • Destinations
    • Europe
      • France
      • Germany
      • Italy
      • Portugal
      • Scandinavia
      • Spain
      • UK
      • Rest of Europe
    • Central America
      • Belize
      • Costa Rica
      • El Salvador
      • Guatemala
      • Honduras
      • Nicaragua
      • Panama
    • Others
      • Africa
      • Asia
      • Australia
      • North America
      • South America
  • Travel Tips
    • Know Before You Go
    • Packing List
    • Food + Culture
    • Health + Wellness
  • Subscribe
👤

THE NUMBER ONE SOURCE FOR EXPATS, DIGITAL NOMADS, AND DREAMERS.

This field is for validation purposes and should be left unchanged.
  • Finance

Factors to Consider When Choosing a Bitcoin Exchange

  • BY EA Editors
  • October 9, 2018
Total
0
Shares
0
0
0

Bitcoin is not very different from a mobile application or computer program providing personal wallets. The difference is that it uses specific wallets to send money from one user to another. There are many exchanges available for people interested in investing or trading Bitcoin. However, knowledge of how such a system works is mandatory to ensure that users know exactly what is involved.

The transfer of money using an exchange is normally a rigorous process. Since it is not easy to acquire, it is important to make use of Bitcoin exchanges and brokers. Finding an effective exchange or broker is not an easy process. It is more than just getting one with a good website. There are three main factors to consider before you decide to use an exchange. They are:

Liquidity

BTC is traded in a market where investors and traders are in search for opportunities to buy or sell the currency. It is advisable to consider the exchange’s liquidity. Liquidity, in this case, refers to the capability of selling an asset while avoiding prices being affected significantly. This, in turn, causes the prices to drop.

More liquidity is experienced when there are more buyer and sellers. Some of the largest exchanges available have high selling prices. This feature creates an effect in which the system can generate into a larger network. As a result, more people are able to join.

Proximity

Cryptocurrency such as Bitcoin is relatively unregulated compared to traditional money. Keep in mind the landscape is expected to change in the near future. There is more exposure by the media and financial industries in this regard. There is the expectation of many governments wanting to exert some form of regulation on how monetary value is transmitted.

The main reason why governments would want to regulate such a system is to prevent it from being used for illegal activities like terrorism, illegal drug smuggling, and money laundering. It is important to confirm the geographic location of an exchange due to the differences in prices. Additionally, the exchange’s location will determine the laws that need to be followed by traders and investors.  

Fees

Selling and buying of anything involve money. The money is usually the incentive for an exchange or broker. For example, trading using a platform like Bitcoin Loophole will result with some fees incurred for transactions. Consumer Resource GuideUnlike the buying and selling of stocks or bonds, a cryptocurrency exchange will charge a percentage. However, there are some discount brokers used by most investors that charge flat rate fees irrespective of the transaction. 

It may be costly to use the percentage model when selling and purchasing for a long duration. There are popular exchanges that are known to charge higher percentage fees. These fees are on a sliding scale basis, normally based on volume. With such exchanges, it is common for them to charge a lower percentage where the volumes have been traded within a month or 30 days. As a trader, you should make sure you know the fees you are going to be charged by an exchange before you decide to use one.

Want more information about traveling abroad? Contact us below:

Oops! We could not locate your form.

If you’re considering traveling or moving abroad, be sure to explore your healthcare options. Visit International Citizens Insurance to learn more and get a free quote.

Total
0
Shares
Share 0
Tweet 0
Pin it 0
Previous Article
  • Asia

Residency Options in Japan

  • BY EA Editors
  • June 24, 2018
View Post
Next Article
  • Asia

Things to Know Before Starting to Look For a Job in Asia

  • BY EA Editors
  • March 1, 2019
View Post
You May Also Like
Central America’s strategic position is reshaping the global offshore banking map
View Post
  • Plan B
The Future of Global Finance Runs Through Central America
  • BY Luigi Wewege
  • September 17, 2025
The Tale of the Tael - A timeless store of value across centuries
View Post
  • Finance
The Tale of the Tael’s: A Hard Lesson about Hard Money
  • BY Michael Checkan
  • September 15, 2025
Global Diversification Tips from Experts
View Post
  • Plan B
Staying in One Country Could Be Your Biggest Financial Risk
  • BY Isha Sesay
  • September 3, 2025
Low-Tax Countries to Save Money in 2025
View Post
  • Plan B
Where Expats Are Moving to Keep More of Their Money
  • BY EA Editorial Staff
  • August 27, 2025
Belize Offshore Banking
View Post
  • Plan B
Why Belize’s Waters Run Deep in Offshore Banking
  • BY Luigi Wewege
  • August 20, 2025
International Banking Structures
View Post
  • Plan B
Tax-Friendly Banking Solutions for International Investors
  • BY EA Editorial Staff
  • August 13, 2025
View Post
  • Interviews
Meet the Legal Strategist Guiding Portugal’s New Wave of Expats
  • BY Isha Sesay
  • July 19, 2025
Reduce Your Taxes by Moving Abroad
View Post
  • Plan B
Legally Reduce Your Taxes by Moving Abroad
  • BY EA Editorial Staff
  • July 16, 2025
Trending Posts
  • Tokyo's infamous cherry blossoms. 1
    • Japan
    How I Built a Life in Tokyo in 3 Months
    • September 8, 2025
  • England: where history lingers in the mist. 2
    • England
    Top 10 Things to Know If You’re Moving to England
    • September 5, 2025
  • The sweeping desert plains of Western Sahara, where beauty meets political tension 3
    • Africa
    Western Sahara. Africa’s Last Colony
    • September 12, 2025
  • Costa Rica Rainy Season - Rain clouds gather over a quiet Costa Rican road as the season begins 4
    • Costa Rica
    When the Rain Falls in Costa Rica
    • September 15, 2025
  • Latest News: Uganda’s conservation efforts show how species once lost can return stronger 5
    • News
    Latest News: Fires, Fortunes & Frontiers
    • September 11, 2025
Know Before You Go
  • Costa Rica Rainy Season - Rain clouds gather over a quiet Costa Rican road as the season begins 1
    • Costa Rica
    When the Rain Falls in Costa Rica
    • September 15, 2025
  • England: where history lingers in the mist. 2
    • England
    Top 10 Things to Know If You’re Moving to England
    • September 5, 2025
  • Friendly locals and relaxed daily life in The Gambia 3
    • Africa
    Could The Gambia Become Africa’s Next Digital Nomad Safari?
    • August 29, 2025
  • Croatias Tourism: Aerial view of Croatia’s stunning Adriatic coastline, where historic towns meet turquoise waters 4
    • Croatia
    Croatia’s Journey to Wonder
    • August 22, 2025
  • Moving to Morocco: a palette of Tradition, Texture of Tradition 5
    • Morocco
    Top 10 Things to Know if You’re Moving to Morocco
    • August 18, 2025
Learn More
  • About Us
  • Contact Us
  • Subscribe
Why Subscribe

The newly imagined Escape Artist brings you fresh content with a global focus, and sharp, up-to-the-minute coverage of the joys, challenges, and opportunities of life abroad.

For a limited time, we’re offering a special discount on all subscription deals, so be sure to lock-in these incredible savings and start receiving top-notch travel and expat content today!

Sign up for the EA Newsletter

Get important news delivered directly to your inbox and stay connected!

This field is for validation purposes and should be left unchanged.
Escape Artist
  • Terms & Conditions
  • Privacy Policy
  • Cookies Policy
  • Disclaimer

Input your search keywords and press Enter.

Newsletter Subscription
Our Spring Sale Has Started

You can see how this popup was set up in our step-by-step guide: https://wppopupmaker.com/guides/auto-opening-announcement-popups/