The present guide will help beginners make an informed decision when choosing a marketplace to trade derivatives or cryptocurrency.

Important criteria to consider:

1. Decentralization

Centralized storing of clients transactions as well as funds is obviously less safe. Centralization on a few servers can result in easy hacking attack and loss of all funds. Only recently Coincheck, a major cryptocurrency trading exchange in Tokyo, was hacked into and lost $534 million. Just in a few weeks same story happened to BitGrail, an Italian cryptocurrency exchange, with the $170 million loss.

2. Liquidity

Liquidity refers to ease of buying and selling at the marketplace. The higher liquidity, the larger number of buyers and sellers. The larger number of buyers and sellers, the better prices you can get and transact faster.

3. Jurisdiction Where The Exchange Is Registered

Unknown location or offshore registration shall be a red flag. Your funds are never safe in a maliciously chosen unsafe or hidden place.

4. Security

Security mechanisms are crucial to ensure that your data, transactions, and funds are safe:

• 2-factor authentication
• Email encryption and verification of every transaction with an email sent to your account to confirm the transaction
• All transactions via smart contracts

5. Trading Fee

Low transaction fees will make your margins higher, especially if you are trading on a daily basis. Be smart to save on fees!

6. Effective Customer Support

Trading might be super stressful, so a perfectly troubleshooting customer support would save your time, nerves, and money, especially in a fast-paced environment. Before trading bulks check if a smart human being will manage to solve fast a minor issue or will you be redirected to an FAQ page.

7. Easy to Navigate with Readable Graphs

User interface should be easy and fun to use. The most important — both data and graphs should be as simple and clear as a daylight; any prediction mistake will cost you a fortune.

Stay smart and trade safely!

About CDER.IO

CDER.IO is the next generation decentralized crypto-derivatives exchange, based on Ethereum smart contracts and designed by professional traders to hedge financial risks with the main focus on traders’ funds safety.

Welcome aboard!
Welcome to join CDER.IO marketplace during Alpha and Beta release. We would love to get your feedback to build the most reliable and user-friendly exchange. More details how to join our platform at http://cder.io

Stalk us: cder.io

Talk to us: [email protected]

Tweet us: @cder_platform

Telegram us: t.me/cderio