When choosing a reliable crypto exchange, it's important to look for certain characteristics: Crypto should be secured in cold storage. Customer funds should be held 1:1 without trading or lending. The exchange should have some form of proof-of-reserves. The exchange should be licensed in a reputable jurisdiction and go through regular security audits. The exchange should have KYC and use encryption to protect customer information. It should be possible to withdraw crypto. The exchange should have a good reputation, having operated successfully through multiple bear and bull markets. Beware of newer exchanges offering unrealistic products or huge yields.