So, you want to convert Bitcoin cash to rand. There’s nothing wrong with that considering crypto trading is now the new norm worldwide. And you no longer have to go through a lot merely because you want to convert 1 Bitcoin to rand since you can now take advantage of what cryptocurrency exchanges offer.
For those who might not know, a crypto exchange allows users to store, buy and sell tokens and coins. People leverage these exchanges since they consider them secure and reliable for safe crypto trading.
But since these platforms are not created equal, it is essential that users choose them based on their trading needs or on the specific features of the platforms. In this blog post, we will take you through some of the important features to consider before choosing a crypto exchange.
Accessibility
Among the most important features worth looking into when choosing a cryptocurrency exchange app is accessibility. After all, you might be able to access some more easily than other since their use isn’t limited to a specific region or country.
While some crypto exchange platforms operate without banking regulations or local government regulations, there are those that they may not be available. Moreover, some lack the legal authorization to work in users’ localizations. Ensure you factor in the accessibility of a crypto platform before you finally exchange Rand to Bitcoin.
Analytics
Crypto exchanges should include detailed analytics tools allowing traders to make data-backed decisions regarding different trading opportunities. The essence of doing this is to ensure they boost their profits by making better decisions regarding their investments in real-time. So, how do you go about making an informed decision when it comes to analytics of a crypto exchange?
Well, you will first have to consider the Moving Average (MA) which offers the average price over a certain period. It doesn’t end at that since you should factor in the Moving Average Convergence Divergence (MACD) that helps predict changes and Relative Strength Index (RSI) measuring how fast the price of a specific cryptocurrency is changing.
User Authorization and Verification
Before you exchange 1 Bitcoin to ZAR, you need to ensure that the crypto platform you settle on makes the user onboarding experience simple and interactive. Verification is also a vital feature of crypto platforms as it helps to minimize fraud and ensures the transparency of transactions. Remember, crypto exchanges should integrate with anti-bot verification and two-factor authentication so users are sure that their data is secure.
The Bottom Line
Before converting ZAR to Btc, users should conduct thorough research and choose the crypto exchange app that includes features enabling them to navigate the exchanges more easily and efficiently.
Luckily enough, you want to take advantage of Remitano then next time you decide to exchange ZAR to Btc. Here, you can buy and convert Bitcoin to rands just using phone verification with zero fees. Not to mention you can deposit and withdraw Rands quickly and easily, and with no fees.
