FAQs
Common questions about BitcoinMarkets, our reviews, and crypto investing.
How do you choose which platforms to review?
We select platforms based on market volume, user popularity, and reader requests. Our goal is to cover the exchanges and tools that are most relevant to our audience.
Are your reviews paid for?
No. We maintain strict editorial independence. While we may include affiliate links, our ratings and reviews are never influenced by partnerships.
Is it safe to leave crypto on an exchange?
Generally, it is safer to use a personal hardware wallet for long-term storage. However, many top-tier exchanges now offer insurance and robust security features for active traders.
What is the best exchange for beginners?
We recommend looking for platforms with simple interfaces, educational resources, and responsive customer support. Check our "Best For Beginners" rankings for specific recommendations.
How do I secure my crypto wallet?
Security is paramount. Always enable Two-Factor Authentication (2FA), preferably using an authenticator app rather than SMS. Use strong, unique passwords and consider using a hardware wallet (cold storage) for large amounts. Never share your private keys or seed phrases with anyone.
What is the difference between a hot wallet and a cold wallet?
A hot wallet is connected to the internet (e.g., exchange wallets, mobile apps), offering convenience but higher risk of hacking. A cold wallet (e.g., Ledger, Trezor) is offline, providing superior security for long-term storage.
Do I have to pay taxes on crypto?
In many jurisdictions, including the US, crypto is treated as property. This means you may owe capital gains tax when you sell, trade, or dispose of crypto for a profit. We recommend consulting with a qualified tax professional.
How can I spot a crypto scam?
Be wary of "guaranteed returns," unsolicited offers, and requests to send crypto to verify a transaction. If it sounds too good to be true, it likely is. Legitimate exchanges will never ask for your password or seed phrase.
What happens if an exchange goes bankrupt?
If an exchange fails, your assets may be at risk, especially if the exchange is not regulated or insured. This is why we emphasize checking for "Proof of Reserves" and regulatory compliance in our reviews.