When first learning about digital assets, investors frequently choose a bitcoin exchange. While there are several methods for exchanging cryptocurrencies, centralized crypto exchanges offer a simple way to convert cash into coins and tokens.

There are several exchanges to select from, some with longer track records than others. When comparing exchanges, investors should consider costs, cryptocurrency variety, sophisticated trading options, and customer support services. However, several caveats should be considered.

Though some stock brokers provide cryptocurrency exchanges, crypto investing does not provide the same level of investor protection as traditional assets. The U.S. Securities Investor Protection Corp. insurance does not cover cryptocurrencies, therefore if you trade