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    Crypto Trading 101: Identifying Safe (Or at Least Safer) Cryptocurrency Exchanges

    by Marguerita M. Cheng, CFP®, CEO, Blue Ocean Global Wealth Apr 23, 2018 4 minutes

    Those interested in dipping their toes into Bitcoin, Ethereum or other emerging currencies first need to do some digging into which exchange they will use in this investing Wild West. Choosing the wrong exchange could possibly mean losing all your coins and money due to a security breach or because the people behind the exchange are fraudsters.

    Reliable exchanges on the other hand have certain characteristics that you should be looking out for, such as following KYC and AML procedures, reasonable and no hidden transaction fees, and an overall positive online reputation. In this article you will learn what you need to know in order to be able to identify the most reliable coin exchanges, once you've decided to add cryptocurrencies to your investment portfolio.

    Beware of Unregulated Cryptocurrency Exchanges

    Cryptocurrency exchanges allow investors to trade bitcoins and altcoins for other digital currencies or fiat money, like dollars or euros. The exchange platform either charges a fee for every transaction or takes the bid-ask

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