6 Top Crypto Exchanges & Wallets

How to choose a crypto exchange or wallet

Crypto platforms hold or move assets that can be hard to recover if something goes wrong. Transactions sent on a blockchain usually cannot be reversed, so choose carefully at the start.

• Registration. Rules differ by country. Check whether the platform is registered or licensed where you live and which services it may offer you.
• Custody. On an exchange, the company controls the keys. A self-custody wallet gives you control, and responsibility for your recovery phrase.
• Fees. Compare trading fees, spreads, deposit and withdrawal fees and network fees. Crypto ATMs often charge a markup well above online platforms.
• Insurance. Crypto balances are generally not covered by bank deposit insurance, even if a platform also holds some cash at a bank.

Common problems and how to avoid them

Reviews often describe accounts frozen during identity checks, withdrawals delayed for review, and slow support. Complete verification before you need to move money, and turn on app-based two-step verification.

Scams are common in this area. No real support agent will ask for your recovery phrase or ask you to move funds to a "safe" wallet. If someone on the phone tells you to deposit cash into a crypto ATM to settle a debt or protect your savings, stop: that is a known scam pattern. Be equally wary of "recovery" services that promise to get lost crypto back for an upfront fee.

CandorRated shows who runs each website, how long its domain has existed and what contact details were found, which helps spot copycat exchange sites.

Frequently asked questions

Can a crypto transaction be refunded?

Usually not once confirmed on the blockchain. Card purchases of crypto may have limited dispute rights through your card issuer.

What happens if I lose my recovery phrase?

For a self-custody wallet, the funds are usually lost. Store the phrase offline in a safe place.