How to Check an Exchange Before Trading: Complete Checklist

How to Check an Exchange Before Trading: Complete 10-Point Checklist

You found an exchange with a good rate. Before transferring money — spend 7–10 minutes on verification. These 10 steps will protect you from losing funds and unpleasant surprises.

The 10-Point Verification Checklist

1. BestChange — Presence and History

Visit BestChange.ru and find this exchange in the list. Check: is it there (if not — red flag), when was it registered (less than 6 months — high risk), and its BestChange ranking position.

2. Reviews: Quantity and Quality

Read reviews on multiple platforms: BestChange.ru (reviews with real transaction verification), Trustpilot (international reviews). Warning signs: only positive reviews (fake), all reviews written on same day.

3. Legal Entity and Tax ID

Check the site footer or "About" page. There should be: company name, tax ID (verify on government registry — does the company exist?), and jurisdiction.

4. AML/KYC Policy

A legitimate exchange must have a public AML policy. Find the "AML Policy" or "Verification Policy" section on the site. If there's no such section — red flag.

5. Domain Age

Go to whois.domaintools.com, enter the exchange's domain. The domain registration date should match the company's stated history. If the site says "operating since 2018" but the domain is 4 months old — this is either fake or a suspicious domain change.

6. SSL Certificate and Site Security

Basic requirements: HTTPS (padlock in address bar), no browser security warnings, the site address doesn't look like a "copy-cat" with Cyrillic characters substituted for Latin.

7. Test Contact with Support

Write to support with a simple question. Evaluate: response speed (normal — up to 30 minutes during business hours), live response or template bot, and whether answers are relevant and grammatically correct.

8. Rate and Fee Transparency

A good exchange shows the final amount before creating an order. Problems: rate "to be confirmed after order creation," no specific figures on the exchange page.

9. Refund Policy and Disputes

Find on the site what happens if you sent the wrong amount, transaction completed with delay, or coins didn't arrive. If there's no such information — there's no refund policy.

10. First Test Transaction

Passed all 9 points? Before a large operation — make a minimum test transaction. Ensure everything works as stated. Only after a successful test send the main amount.

Conclusion

Checking an exchange is 10 minutes that can save you tens of thousands of rubles. Flash Exchange has operated since 2021, is registered on BestChange, has a public AML policy and 24/7 support. We recommend checking us against this checklist — we have nothing to hide.