Question 1

How do I know which exchanges accept my country?

Accepted Answer

Use the country filter on this page. It hides any exchange that geo-blocks residents of the country you pick.

Question 2

What is proof of reserves?

Accepted Answer

A cryptographic attestation (usually Merkle-tree based) that an exchange holds enough assets to cover customer balances. It's a partial safeguard, not a full audit.

Question 3

Maker vs taker fees, what's the difference?

Accepted Answer

Makers add liquidity by placing limit orders that don't fill immediately. Takers remove liquidity via market orders. Makers usually pay less.

Question 4

Do I need to KYC?

Accepted Answer

Every regulated exchange requires it. Some offshore venues allow limited use without KYC, but withdrawals often trigger it.

Question 5

Should I keep coins on the exchange?

Accepted Answer

For active trading, some balance is fine. For long-term holdings, move to self-custody using a hardware wallet.

Question 6

Which exchange has the lowest fees?

Accepted Answer

MEXC and Binance lead on raw taker fees. Compare fees at your typical order size, and don't forget spread and withdrawal cost.

Question 7

How do you evaluate an exchange's safety?

Accepted Answer

We look for proof-of-reserves publication, security audit history, insurance coverage, and how they handled past incidents.

Best Crypto Exchanges ranked for 2026

Exchange questions, answered