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How to identify a safe crypto exchange?

A safe crypto exchange should be regulated in at least one reputable jurisdiction, have strong security measures, and a transparent operational history. Features to look for include cold storage of funds, two-factor authentication, proof of reserves, and insurance against hacks. Well-known exchanges like Coinbase, Kraken, and Binance maintain higher trust levels compared to unknown platforms. Traders should also check withdrawal speed, fee transparency, and customer support responsiveness. Avoid exchanges that lack regulatory licenses or have a history of frozen withdrawals. Safety is not guaranteed, but choosing regulated, established exchanges significantly reduces risks for traders.