What to look for when choosing a crypto exchange?

Whether you’re looking to buy your first crypto or you’re already a retail investor, it’s essential to deal with a crypto platform you’re comfortable with. We’ve put together some general information to help you choose which exchange is right for your needs.

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What is a crypto exchange?

A cryptocurrency exchange is an online platform where buyers and sellers can interact digitally to trade cryptocurrencies.

Popular exchanges include Coinbase, Crypto.com, FTX, and Binance. While they all serve the same purpose, each has set different fees and limits, with varying interest rates (APY), DeFi services, and features.

Some even offer FREE crypto or cashback on trading fees to new users when you sign up!

It’s important to do your own research so that you can
choose the right platform for you.

What are some things to consider?

Whether you’re a beginner or an experienced crypto investor, here are a few things to be mindful of when choosing an exchange.

Regional Availability
An exchange needs to be licensed to operate in certain countries and regions, as it’s providing financial services online. If it’s unavailable in your country or region, you may not be able to purchase crypto using that exchange

Data Security
Almost every established crypto platform will require you to complete a KYC (Know Your Customer) verification process; make sure you’re comfortable sharing your personal details with your chosen exchange

Available Assets
not every cryptocurrency is available on every exchange. If you already know which cryptocurrencies you’re interested in, you may want to check that it’s available as a trading pair (or can be purchased) from your chosen exchange before signing up

Trading Fees
If you’re planning on making regular crypto trades to make profits, you’ll want to choose an exchange with a lower pricing structure on trading fees. Consider rewards like cashback on trading fees!

Withdrawal Fees
To withdraw your crypto holdings from an exchange, you’ll typically need to pay a withdrawal fee. Make sure you’re comfortable with that if you plan on cashing out

Verified Users
The number of verified users doesn’t necessarily reflect an exchange’s capabilities, features, or prices

Wallet Connection
It’s efficient, easy, and secure to have a crypto wallet that’s integrative (can be connected) with an exchange directly

NFT Marketplace
Having easy access to an NFT marketplace directly from your chosen crypto platform offers a simpler user experience for collectors

APY Rates
Each exchange has varying interest rates on crypto staking. If you’re interested in HODLing for staking rewards, calculate your rewards first

Asset Security
Most online exchanges store the majority of assets offline in cold storage and are insured against crime

Explore your options with Coinfall

Coinfall has a range of popular crypto exchanges to choose from, designed to look out for you with lots of great benefits. Compare, choose, and sign up through us today!

Bonuses & Discounts
We work with trusted crypto exchanges to offer rewards such as FREE Crypto or cashback on fees when you sign up and start trading, look out for these!

Reviews & Ratings
Our team of crypto enthusiasts are well versed in navigating multiple crypto platforms, and have prior experience trading. Not incentivised by profit, we give non-biased opinions and ratings based on authenticity, security, and ease of access

Simple & Direct
We provide simple & clear information for you to absorb, empowering you to make financial decisions confidently

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  1. By publishing this guide, we are not recommending or suggesting in any way or form that Cryptocurrency is a suitable investment.
  2. We published and routinely update this guide to help people decide what’s best for them – Coinfall is conservative – Bitcoin has proven to be highly volatile in 2021 and 2022 and we strongly suggest reading this guide from the FMA before making any investment. Like the FMA, Coinfall is also cautious.
  3. We present this information in good faith and remain objective at all times. ​By including this guide, we are not advocating that cryptocurrency is an investment. We may earn a referral bonus for anyone that clicks on some of our links – see our disclaimer for more details.