How do you choose a Crypto Exchange?

Binusu Exchange
2 min readMay 18, 2023
How to choose a reliable crypto exchange platform:

It creates a safety and efficiency advantage knowing the benefits of having the right crypto exchange for your day-to-day transactions.

Here are some of the areas to look out for when choosing the right platform for your routine trading experience:

Customer security.

How long does it take to create an account on the platform? If it is too easy to sign up for an account, then there is room for questions. The Binusu platform, among others, is backed by KYC, a security process that validates users through identity verification hence secures users from scammers or any other fraudulent activity.

Availability of coins.

Most trusted crypto exchanges offer the most popularly traded coins on the market. However, no exchange offers every single digital asset available on the blockchain. So, it is important to settle for a platform that has most of the coins you are looking for. At Binusu, we, currently support up to 10 currencies, which include Bitcoin, Ethereum, Litecoin, USDT, USDC, Celo, cUSD, BNB, BCH, with plans to add more pairs as we pave the way for The Future of Finance in Africa.

Compare rates.

There is nothing like free lunch with crypto transactions. Every authentic crypto exchange has a charge for each transaction. That is why it is key to find out and compare what the fees are on different exchange platforms as it will affect your frequent transactions. In case you are planning to make daily transactions, it is advisable to consider an exchange platform with lower transaction rates.

Do your own research (DYOR)

Reputation counts when choosing a crypto exchange. That is why you need to find out what other crypto traders say about a particular platform and how active their website and social media platforms are. It is also important to find out if the platforms belong to an organization that is fully registered and known by local crypto community.

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