How to choose a crypto exchange?

There are lots of fees to take into account when choosing an exchange. Exchanges like Crypto.com, Binance.US and Coinbase are known for having competitive transaction fees. But, it’s also important to consider deposit and withdrawal fees, possible account inactivity fees and spreads. What is the most trustworthy crypto exchange?

What is a crypto exchange?

Crypto exchanges are essentially digital marketplaces that let you use real money ($AUD) to purchase cryptocurrency like Bitcoin and Ethereum, trade one type of crypto for another, and convert your crypto back into cash.

Should you invest in a crypto exchange?

Some investors may desire more advanced features from crypto exchanges, including the ability to earn interest, access more esoteric forms of crypto or buy, store and display NFTs. (It’s worth noting that the safest place to hold your crypto is in a cold storage wallet that you control exclusively.)