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Crypto exchange comparisons should start with risk. A smooth app and a big promotion are not enough. Before using a crypto platform, compare fees, spreads, custody, withdrawal support, tax documents, asset availability, and account security.
Questions to ask
- Can you withdraw the crypto asset to a wallet you control?
- Are you using a simple-buy screen or an advanced trading interface?
- Is the quoted price affected by spread?
- Are your state, bank, and desired asset supported?
- What happens if deposits or withdrawals are paused?
- Does the platform provide usable tax reports?
Crypto assets can be volatile and speculative. Do not treat a crypto app as a bank account or a substitute for a diversified financial plan.