Choosing a cryptocurrency exchange is often the first step investors take when becoming familiar with digital assets. While there are many ways to exchange cryptocurrencies for each other, centralized exchanges provide a relatively easy way to convert cash into coins and tokens.

There are many exchanges to choose from - some have a longer track record than others. When comparing exchanges, investors can look at fees, the selection of cryptocurrencies, advanced trading options and customer service offerings. But it's also important to keep some caveats in mind.

While some exchange brokers also offer cryptocurrency exchanges, cryptocurrency trading is not covered by the same investor protections you get with traditional investments. U.S. Securities Investor Protection Corp. insurance does not cover cryptocurrencies, so if your exchange fails (as it did with FTX in the fall of 2022), you could lose your investment. For this reason, some users prefer not to keep assets on exchanges unless they are actively trading. In many cases, you can use your own cryptocurrency wallet to store, trade, and transact with cryptocurrency.

There are several ways and places to invest in cryptocurrency. And with us you can profitably exchange one cryptocurrency into another.