Crypto Platform Comparison: Look Beyond Fees to Ensure Security

When comparing crypto platforms, users often focus on trading fees, supported coins, and ease of use. However, a more meaningful comparison also considers security, custody, liquidity, regulation, and the risks that can appear after an account is opened.

A safer comparison starts by looking behind the trading screen. Security should be one of the first areas examined when comparing crypto platforms. A serious provider should explain how it protects customer accounts, private keys, personal information, and withdrawals.

Two-factor authentication is useful, but it's only one layer of protection. Other important controls can include withdrawal safeguards, device monitoring, cold-storage systems, access restrictions, and procedures for responding to compromised accounts. Coinbase offers a useful public example of this approach, explaining how it protects customer assets with a majority held in cold storage.