When you try to List a token on the HotBTC crypto trading platform it provides you with the much-needed trading exposure needed in terms of cryptocurrency trading. However, the best way to list your tokens in some of the well-known exchanges is by utilizing the token listing services of HotBTC. Moreover, as per market data it is observed that there are different types of cryptocurrency exchanges that are coming up at a rapid pace and offering coin/token listing services. All you have to do is search for the best one that is matching up with your criteria to list your tokens without any hindrance.
Here is how you can select the best from the rest –
• There are two types of crypto exchanges in the market, decentralized and centralized ones. However, for listing tokens for the first time you should opt for the decentralized ones as it will help you save a lot of your time, money, and effort at the same time. Moreover, there will be no listing fees for any type of token you want to list, no trading fee, and KYC not mandatory for all.
The best part about listing tokens in the decentralized exchanges is that you get the opportunity to cross-chain trading and add liquidity for any of your token pairs, making it easier to be swapped with BTC, ETH, USDT, USDC, DAI, etc.
• You need to check for the terms and conditions of every exchange which you find on their support pages. It is important to check for the T&C before listing tokens is because there are some exchanges that might demand BTC as fees differing by 2 BTC to 10 BTC. Another important thing to be remembered is to check if your token holds a specific daily trade volume which is required to be enlisted on the exchange.
• Check for the different parameters used to decide which tokens can be listed in a proper manner. The parameter includes project quality, smart contract, security audits, and adherence to the applicable laws.
• Check for the reviews of the previous projects completed on the exchange or that are already listed on the exchange. This will give you the credibility about the risks such as delisting risks, wrongful publicity, security breaches, low trade volumes, and several others.
According to the advisors of HotBTC cryptocurrency exchange finding the right exchange to list tokens can be a daunting task. How complex and tedious be the token listing process you always need to match up with the criteria of the exchanges which may vary from project to project or from token to token. However, it is best to remember that there is strong competition between the exchanges and you need to identify the true value which will work out for you in the long run.