1. Security: When selecting a crypto exchange, the most important factor to consider is security. Ensure that the platform has robust data protection measures in place such as multi-factor authentication, cold storage of funds, and a secure trading environment.
2. Fees and Limits: Compare the fees and transaction limits from various exchanges to find the best one for your needs. Also consider whether or not the exchange supports crypto-to-crypto trading or crypto-to-fiat trading.
3. Reputation: Research into the platform’s reputation by reading reviews, customer service ratings and the overall user experience of other traders. Make sure that there is no history of hacks or incidents of money laundering associated with the exchange.
4. User Interface: Check to see if the exchange has an intuitive trading platform that allows you to easily buy and sell cryptocurrency.
5. Support: Find out what types of customer support the exchange offers and if they are available 24/7. This will come in handy should you encounter any issues while trading.