1. Research the security of the exchange: Make sure to do your due diligence and research the exchange’s security measures, such as two-factor authentication and other security features that help keep your funds safe.
2. Look at fees: Different exchanges charge different levels of fees for trading and services. Make sure you understand what the fees are and compare them to other exchanges before you make your decision.
3. Check out customer reviews: Read customer reviews online to get an idea of what people think of the exchange and how they rate its services.
4. Consider the payment methods accepted: Many exchanges only accept certain types of payments, such as bank transfers, debit/credit cards, or PayPal. Make sure the exchange you choose accepts the payment method you want to use.
5. Look at the features offered: Some exchanges offer additional features such as margin trading, futures trading, and other advanced trading tools. Consider which features you need before making a decision.