A digital asset exchange (DAX) is a place where individuals can buy and sell cryptocurrencies or other types of crypto tokens. As with any other financial asset, your best bet is to use a reputable and regulated exchange. Some exchanges offer a wide variety of digital tokens to choose from while others are stingy when it comes to digital currencies. The SEC has set forth the rules of the game for digital assets. While the regulations may be a bit confusing to some, it’s worth doing your homework before signing on the dotted line.

CoinGecko rolled out their own trust score algorithm to rank the various exchanges in the secondary digital asset exchange space. They analyzed several factors including technical expertise, security, and even the number of digital assets they support. In short, the trust score measures the quality of a company’s operations and its willingness to engage in the open and honest transfer of crypto assets. AAX is a top notch DAX and has been ranked among the top 20 exchanges on the planet by one prestigious publication.

As a secondary market for digital assets, BitInka’s main product is the ability to buy and sell Bitcoins in nine different currencies. This includes the most widely used, the American Dollar, and the lesser known equities like the Chilean Peso and Boliviano. With this impressive suite of assets and a plethora of payment options, it’s no wonder the company was able to out-trade its more established competitors. It also supports the token of trade, the real money equities, and the aforementioned American Dollar.

Another DAX to watch is Openfinance, which specializes in the trading of digital securities. Not only is it a legitimate alternative asset marketplace, but the platform provides liquidity in a market with a total estimated value of $8.8 trillion. Their services also go above and beyond with their proprietary equities-based platform and the most comprehensive collection of secondary market data, including historical market prices and charts. These features and capabilities make them a premier place to buy, sell, and store your cryptocurrencies.

While not strictly a digital asset exchange, BitMart is one of the few that offers the full suite of services. In particular, their Earn feature allows customers to earn interest on their crypto holdings. Unlike most DAXs, it’s not limited to a single country or jurisdiction, and it doesn’t require an arduous Know Your Customer (KYC) process. Plus, it has some cool features like a crypto-to-Euro conversion calculator. That’s not to mention the fact that it’s incorporated in the Cayman Islands, the home of cryptocurrencies.

In the AAX context, the DAX’s bug bounties have proven to be an excellent way to enhance its cybersecurity and ad-hoc functionality. For example, the aforementioned crypto-to-Euro conversion calculator is a clever way to help customers make a smooth transition from a Euro to a crypto asset. Also, BitMart has an outstanding selection of cryptocurrencies to choose from, with the company offering a wider assortment of cryptocurrencies than its more seasoned peers.

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