How do I know if a crypto exchange is safe and secure?
A safe crypto exchange should have multiple security features: two-factor authentication (2FA), cold storage for most user funds, and a proven track record without major hacks. Check if the exchange is regulated in your country and holds proper licenses. Look for transparency—reputable exchanges publish regular security audits and have insurance coverage. Research the company's history; established exchanges like Coinbase and Kraken have been operating for years with good security records. Verify they use encryption, have a responsive support team, and don't require excessive personal information upfront. Start by depositing small amounts while you test their platform. Avoid exchanges with limited information about their security practices or those promising unrealistic returns.
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