Beginner guide
How to choose a crypto exchange
The safety checks to make before you sign up to any crypto exchange: registration, fees, proof of reserves, withdrawals.
Short answer
Pick an exchange that is registered where you live, shows its fees clearly, publishes proof of reserves, and lets you withdraw to your own wallet. Never pick one from an ad or a stranger's link.
Common questions
How do I check registration?
India: FIU-IND's registered list. US: FinCEN's MSB search and your state regulator.
What is proof of reserves?
A report showing the exchange holds customers' coins. It helps, but it is not a full audit.
What happens if the exchange fails?
Customer funds can be frozen for years, as in the FTX case.
Do you recommend exchanges?
No. We teach the checks and do not take affiliate money.
Learn it properly (free)
- How to Choose a Crypto Exchange: Safety Checks
- What Is Proof of Reserves?
- What Happens If a Crypto Exchange Goes Bankrupt?
- Crypto Fee Comparison Calculator
- Lesson 7: What an exchange is
Related guides
Start the free 10-lesson path Get the free weekly email
Follow for daily tips: Instagram @baskinlogiccrypto · X @TheBaskinLogic · X @Bask1nLog1c · Community
Education only. Not investment advice. We do not pick coins.