Re: How do you define a good exchange?

each exchange has its own differences, I see that currently the most prioritized is the transaction fee. if an exchange has a small transaction fee I think it can be faster to develop than an exchange that has a high transaction fee. This is what many people talk about nowadays.

But what if the exchange has the lowest commissions, but there are many reviews regarding this exchange that it freezes accounts, or funds disappear from the accounts? Of course, all this can be avoided if you do not store your funds on the exchange, which will be the most correct decision. Probably the commission indicator is not the most important, although many people certainly pay attention to it.

I think we need to think carefully before making an account on any side so that we don't face any problem later because we need to act after thinking carefully and if we act on a snap decision then we have We have to face problems so think that most of the time we will do things by thinking

You are absolutely right protection of the funds is foremost factor before we decide to join any exchange and I think Coinbase & Bianance exchanges maintain reliable security system as far I know but of course there are other exchanges who might have equally reliable security system but I have experience of dealing with only these 2 exchanges. Sometimes passwords and even two-factor authentication can’t protect exchanges due to authentication by-passing issue which also makes your account vulnerable to hackers attack. This is also major concern which we need to look at exchanges protection system against such threats.

https://ideasoft.io/blog/the-best-crypto-exchange-security-features/