1. Understand What You Are Looking For: Before you start looking for a crypto trading platform, it’s important to understand what you are looking for in one. Consider questions such as what order types and charting features do you need, how much risk are you willing to accept, what type of user interface do you prefer, and what fees are you willing to pay.
2. Assess Security Measures: Before investing any money into a platform, be sure that they use robust security measures such as Two-Factor Authentication (2FA), full encryption of passwords, and compliant methods to store personal data.
3. Check Exchange Reputation: Research the exchange’s reputation online by reading reviews from users and industry experts.
4. Compare Fees & Payment Methods: Understanding the trading fees involved and the payment methods accepted is also important when selecting a cryptocurrency trading platform.
5. Look at Exchange Volume: Ensure that the platform has enough liquidity to process trades quickly without having to wait extended periods of time to fill orders.