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To ensure you can trust your exchange with your money and information, ask these 11 questions.
Whether you’re an individual investor, business owner, or institution, you must ensure your Bitcoin exchange is a partner you can trust with your money and information, even if you self-custody your bitcoin after purchasing.
To help you do your diligence on security and custody, we share 11 questions you should be asking your bitcoin exchange.
  1. How is my bitcoin secured?
  2. How do you help me protect my account?
  3. Do you use third parties for your custody?
  4. Do you lend out client deposits?
  5. Do you have Proof of Reserves?
  6. Has your data or custody ever been compromised?
  7. How do you protect my information?
  8. How are dollar deposits secured?
  9. What happens to my funds if you go bankrupt?
  10. Do you have insurance?
  11. Are you audited, licensed, and regulated?
I only really need 1 Question.
  1. Are you centralized, closed-source, and demanding KYC?
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... and a chair!
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wdym
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we only really need 1 question and 1 chair!
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1 chair for what?
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