1. Security: When choosing a cryptocurrency exchange, make sure to select an exchange that has implemented robust security protocols and measures. Check to see if the exchange is compliant with relevant industry regulations and that your funds are stored in secure cold wallets to prevent theft.
2. Trading fees: Always compare the trading fees of different exchanges to find the most suitable one. Generally, the fees should be low or non-existent when trading lower volumes, and may increase as the volume of trades increase.
3. Exchange/Coin listing: Make sure the exchange you choose offers a range of cryptocurrencies that you want to trade and supports the coins you want to buy and sell. Most exchanges will have a majority of the top 100 coins available, but some may not have the entire list.
4. Payment methods: Different exchanges offer different payment methods. If you plan on funding your trading account through fiat currencies, make sure the exchange supports the payment method you prefer, such as debit card, bank transfer, credit card, etc. Some exchanges also support alternative methods, such as prepaid cards and PayPal.
5. Reputation: Do your due diligence and research into the reputation of the exchange, its customer service and reviews from other users. It’s important to get an idea of how reliable the exchange is and how friendly their support staff is.