1. Research the exchange’s history and reputation. Check for any warnings, customer reviews, and SEC or FINRA (Financial Industry Regulatory Authority) filings against the exchange.
2. Look for a secure platform. Check to make sure the exchange has two-factor authentication and a user-friendly interface.
3. Check the liquidity. Ensure that the exchange has enough tradable coins and tokens to meet your needs.
4. Learn about the fees. Compare transaction fees on different exchanges to find one that is cost-effective.
5. Confirm the security of stored funds. Check if the exchange has strong security protocols in place to protect users’ funds.
6. Confirm customer support. Ensure that there are multiple customer support options available in case you have any queries or issues.