So you want to buy Bitcoin? Perhaps you already own Bitcoin and want to buy another cryptocurrency? Much like converting US dollars to Euros or Yens to Pounds, you need to execute the transaction through an exchange at the proper exchange rate.

When it comes to finding the right exchange, especially for those new to crypto trading, the plethora of options in the marketplace can seem daunting. Luckily, many experienced traders have tried their hand at various types of exchanges and learned the various benefits and pain points so you don’t have to.

Key Characteristics To Look for in Exchanges