Best Crypto Exchange

Finding the best crypto exchange can be a daunting task. There are so many things to consider and it can be kind of overwhelming.

To make things easier, I have summarised the most important aspects for you to take into consideration when choosing the best crypto exchange for you.

Criteria To Choose The Best Crypto Exchange

The first criteria, of course, is whether the crypto exchange has the coins or tokens listed that you are interested in.

Not all exchanges list all cryptos. As a matter of fact, no crypto exchange that I know of lists all crypto currencies.

So, checking out which crypto exchanges list the coins or tokens that you want to buy or sell should be your very first step.

Once you have assembled that list, we can now narrow down your choices (provided your list contains more than 1 crypto exchange).

The second important criteria is whether the exchange allows users from your country of residence to register. Not all exchanges are open for all countries so checking that out should be your next action step.

You might find out that all crypto exchanges on your list allow you to register but you might also find that you need to take some of them off your list.

Now, the next step to find the best crypto exchange is to see which of the exchanges on your list allow you to deposit fiat currency, for example, USD or EURO into your account.

This is important because you need to have funds in your account in order to start buying crypto currencies.

If you choose a crypto exchange that does not allow you to directly deposit fiat currency, you need to first find another exchange where you can deposit fiat currency. You then need to buy some crypto currency and send that money to the other exchange.

To avoid this more complex procedure and the associated fees, I suggest you start with a crypto exchange where you can deposit your fiat currency directly.

So, coming back to your list of crypto exchanges.

All crypto exchanges on your list should now have the coins or tokens listed that you are interested in, allow users from your country of residence to register and allow fiat currency deposits.

The next aspect to consider, in order to find the best crypto exchange, is the safety of the exchange.

Crypto exchanges are currently not yet regulated very strongly and regulation can vary from country to country.

Since you are connecting to a crypto exchange over the internet, the exchange might be located (or regulated by) another country than the one you are living in.

It’s time well spend looking into the safety measures put into place by the individual exchanges.

You should look at things like: how does the exchange store the customer funds, i.e. what percentage do they store in cold storage, does the exchange use 2-factor authentication, what documents does the exchange require to open an account, do they follow KYC requirements etc.

Next, of course, you need to consider the fees that each exchange charges for depositing, withdrawing, buying and selling.

Finally, you need to look at the ease of use of each exchange. This is a very subjective aspect because what I might consider as user-friendly might be different from your expectations.

I hope you enjoy the best crypto exchange for you.