Unless you have somehow avoided the news for the past year, cryptocurrencies are more popular than ever among Americans. While a large chunk of the population have not used cryptocurrencies for transactions or investing purposes, the percentage of Americans that have invested in, traded or otherwise used them has grown to around 16% according to recent reporting by the Pew Research Center .
While the actual uptake of cryptocurrencies among Americans is still relatively low — with around 84% never having interacted with or used them — around 90% of Americans have heard at least a little about cryptocurrencies such as Bitcoin and Ethereum.
For the industry as a whole, this is really positive data. Not only does it show that ownership rates are on the rise, but that cryptocurrencies as an idea and technology have found their way into the public consciousness.
In much the same way that awareness of crypto is on the rise across America, South Carolinians have not been spared this trend.
Interestingly, South Carolina could end up being an important hub for the cryptocurrency sector in the months and years to come. This possibility is signaled by the recent announcement that a $264m cryptocurrency mining company is moving to the Upstate. Greenridge Generation is due to take over an old manufacturing facility in Spartanburg, which will be equipped for crypto mining.
With this development in mind, there has arguably never been a better time for South Carolinians to invest in cryptocurrency. After all, if Spartanburg is about to become home to a digital goldrush, why not get in on the action while you still can!
If these developments have piqued your interest, you might also have found yourself wondering how you actually go about acquiring cryptocurrency.
Thankfully, the answer to this question is relatively simple. With so many cryptocurrency exchanges out there these days, it has never been easier to dip your toes into the world of crypto, especially with immediate alpha.
In this article, we will outline what you need to look for when you are choosing a cryptocurrency exchange, and why we think OKX could be the best place for you to get started!
How to choose a cryptocurrency exchange
In terms of the criteria you should keep in mind when choosing a cryptocurrency exchange to use, many of these are the same as any other financial services provider.
For example, this might include the fees they will charge you, what security measures they have in place to keep your account safe, whether they are a fully licensed financial services provider, what level of liquidity they can provide, and how well their prices compare to the rest of the market.
In addition, there are also a number of other factors that are particularly relevant to crypto exchanges. This includes what kind of cryptocurrencies they provide access to. After all, there are around 19,000 to choose from. Additional factors include whether they have any educational tools for newer traders and what kind of wallet or storage solutions they offer.
OKX: Best new broker for South Carolinians?
Once you have considered these factors and evaluated the options you have available, it is then time to choose an exchange to trade with. As we mentioned at the start of this article, we think the OKX exchange is one of the best options for South Carolinians just getting started investing in crypto.
OKX is a Seychelles-based cryptocurrency exchange that has become popular with American crypto enthusiasts in recent years.
They are known for offering low trading fees compared to the industry averages, particularly when trading with higher trading volumes and larger stakes, as well as their high-interest staking opportunities. They have also considerably streamlined the payments process, with OKX making it easier than ever to use a card, bank account or digital wallet to acquire your digital assets of choice!
This has helped OKX to launch themselves into a top-20 position in the global cryptocurrency exchange rankings, with their clients appreciating the low fee structure and the wide variety of instruments available to trade. This is in addition to the excellent educational resources that will help to take you from a novice to an experienced trader.
So, if you are looking for a crypto exchange that can take you from making your first acquisition, to doing spot, margin and futures trading, as well perpetual swaps, DeFi and mining, OKX could be just what you are looking for!
