Wetn I need to consider b4 choosing a Centralised exchange?

[Osas4real]

Happy New Year everybody.
We all know say a whole lot of exchanges dey available for diz crypto space. And of last year (2025) I dey use CEX based on say Na wetn people dey use. Although I learn not to dey store assets using CEX but one of the main reason why I dey use CEX Na because of conversion from USDT to fiat (₦) wey no dey waste time.
But if person wan begin use these CEX to practice trading, wetn person need to consider before e choose anyone?

[Itz-prisigold]

What I’ve learned in my journey so far is that choosing a centralized exchange shouldn’t just be focused on what is popular.  Everyone will have their own preferences and for that reason, what works for others might not work for another.

Security and reputation is number one in my book. Personally,  I look up the exchange and see how long they’ve been in the game and if they've ever had major problems. For me,   they don't have to be perfect but about trusting the exchange and they also need to be consistent.  If you’re looking to trade,  liquidity also do matters alot too, especially if you want to be an active trader.  If an exchange has a good volume,  you shouldn't have any problems and it makes it easier to get in and out of trades without any price issues.

Another things that I initially look for are the user interface and the trading tools.  If a platform has a good layout, shows charts, and has tools like stop-loss and limit orders actually makes trading to be less stressful,  most especially for beginners. If an exchange has an extremely confusing interface, it may lead to mistakes and emotional trading decisions.  Something I also look at is the trading fees. Even if they look small on the screen,  they will eventually lead to a large number and that will have a very negative effect on the users results.

Most of us use a centralized exchange so that we can swap USDT with some fiat, so a good P2P system is always a major positive. There is nothing wrong with speed,  but the most important thing to consider is how they resolve disputes.  A lot of centralized exchanges for me are tools.  I use them for converting and trading,  but I do not keep long-term funds there. Mindset like this does help reduce  unnecessary risk.

[Ndagi54]

To the best of my knowledge, what i need to consider before choosing a centralized exchange to work with are:

To check the security of them, if by any chance they've once been hacked and to also check if there exchange requires 2 steps verification to to protect my account.

To confirm if they've good reputation or if people have been complaining bitterly about them.

To also check if the exchange is very easy to use and understand as a layman, to check if they have the coins am intrested in buying and the amount they also charge for there exchanges.

and another important thing to confirm is the withdrawal speed and lastly the  customer supports, so that if anything goes wrong I can easily contact them and get an help