How do I choose a safe and reliable crypto exchange?

When selecting a crypto exchange, prioritize security features like two-factor authentication and cold storage for user funds. Check regulatory compliance—reputable exchanges operate under licenses in multiple countries. Research the platform's history: established exchanges like Coinbase, Kraken, and Binance have years of operation and transparent security practices. Compare fees, as they vary significantly (typically 0.1-0.5% per trade). Test customer support responsiveness before committing large amounts. Start with small deposits to verify withdrawal processes work smoothly. Check if the exchange matches your needs: some focus on beginner-friendly interfaces while others cater to advanced traders. Read independent reviews on crypto forums, but verify claims independently. Avoid exchanges with poor online reputation or limited transparency about ownership and funding.