Crypto Exchanges — The Good, The Bad, and The Ugly
A comprehensive guide to choosing a crypto exchange based on feedback from the crypto community
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This article is for everyone either in cryptocurrency or contemplating entering the crypto arena. Selecting a crypto exchange is not as straightforward as it may first appear. There are a host of considerations all of which will be critical to your success in the crypto space. Your choice will be guided by your level of expertise and appetite for risk. This article is going to point out the minefields awaiting the unsuspecting crypto traveler including customer service or lack thereof, sharp practices, fees, regulation, and exchanges to be wary of.
The first step on the crypto ladder is always to find a reliable cryptocurrency exchange. But it isn’t all about reliability. A good crypto exchange possesses the following characteristics:
- Great customer service
- Good liquidity
- Low fees
- Ease of use