To choose the right trading platform for you, you should make a list of the specifications and conditions that must be met by this platform:
Easy registration procedures
Reasonable trading fees
Great access to various market currencies
High-level customer service
Support for the Arabic language
Access to various services
Ease of registration procedures
Trading platforms vary; some platforms do not require registration or documentation procedures, while others have complex documentation procedures.
For platforms that do not have documentation procedures, it is preferable to stay away from them, as these platforms are designed to accept illegal activities such as money laundering and others. Therefore, using such platforms may expose you to risk.
As for platforms with complex documentation procedures, it is also preferable to stay away from them, as their complexity may hinder your trading experience.
Therefore, it is preferred to use a platform with normal registration procedures and reasonable documentation procedures.
For example, Binance only requires email registration and identity verification via ID card, passport, or driver's license.
Low trading fees
Trading fees are one of the most important conditions on the suitable trading platform, as trading fees will depend on your entire trading experience and your profits and losses.
Studying the trading fees of the platform you will use is important. For example, Binance has a complete page about trading fees that transparently explains the trading fees.
Binance's fees are among the lowest in the market, considering it is the leading platform in terms of trading volume and liquidity.
So don't be deceived by other platforms that claim to have lower fees, as the platform that does so often profits from your trades but through other undisclosed methods.
Great access to various cryptocurrencies
Your choice of platform will determine the options available to you for trading. Some poor platforms list most new currencies without caring if they have a real project or are fraudulent. The only condition for listing on these platforms is to pay listing fees.
However, on the Binance platform, the listing process is considered a protection for the investor, as Binance has a specific listing process for each project to ensure it is not fraudulent.
On the Binance platform, there are nearly 400 digital currencies from different sectors and fields.
In addition, access to the Binance Wallet allows users of the platform to access any digital currency without restrictions, giving users greater and easier access.
High-level customer service
The importance of choosing the right platform lies in the fact that it will safeguard your capital and investments in the market. Therefore, you should choose a platform with excellent customer service to assist you with any problem or inquiry.
The Binance platform is considered one of the leading platforms in this regard, as accessing Binance customer service is easy through Twitter or the app.
At any time and within minutes, you can access Binance customer service and speak with someone about your problem or inquiry.
Support for various services
There is no doubt that most of your use of the trading platform will be for trading, of course, but trading is not the only thing you will need.
The suitable platform should have good OnRamp and OffRamp methods so you can easily deposit and withdraw your funds from the platform, which is available on Binance through the P2P market that has many different local currencies.
Additionally, the presence of services like Earn on the platform provides you with opportunities to earn returns on storing your investments, which is also available on Binance.
In addition to other services like Airdrops or Launchpool, which are considered additional earning methods for the user, enhancing their trading experience.
Support for the Arabic language
Arabic language support may be optional for some, but it is important on the platform you will use.
Even if you choose a suitable platform, their support for the Arabic language means they are aware of the issues facing the Arab community and are aware of the market situation, which is important for you.