Choosing a crypto exchanger

[Donowan]

How to choose an exchanger for trading certain tokens or altcoins, and what factors affect their liquidity on the platform?

[Kerem]

Liquidity of cryptocurrencies is certainly an important parameter that you should pay attention to when developing your trading strategy. The larger the position you want to create, the more important the liquidity of the asset is. Consider buying a top 500 altcoin for $10,000 while its daily trading volume is $20,000. In the best case, unless you want to drive the price up and incur huge slippage, you will have to accumulate your position over a week or even several weeks. It is better to use an online crypto exchanger for the purchase, which charges small fees.