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# 1. Choosing an exchange

## Think about tax time

Nobody likes to think about tax time. But we kind of have to. Some jurisdictions treat cryptocurrencies as commodities, some as securities, some are flat-out trying to ban them. Where you are in the world will determine when and how your crypto earnings will be taxed. 

{% hint style="danger" %}
Do some research ahead of time, to avoid unpleasant surprises. 
{% endhint %}

{% hint style="info" %}
Some exchanges provide end-of-financial year reports, accepted by your jurisdictional taxation office.
{% endhint %}

## Reputation matters

{% hint style="danger" %}
There are a multitude of cryptocurrency exchanges in the world. Choosing one that is appropriately regulated in your jurisdiction and has a good reputation can make a lot of difference.
{% endhint %}

Make sure your exchange of choice has a good reputation. Things to look out for include:

* **Solid local regulation**;
* Presence of a thorough **KYC process**;
* **Years of activity**;
* The exchange allows **cryptocurrency withdrawal** into personal wallets;
* **Awards and certifications** from competent organs;
* **Bad press** or allegations of **criminal behaviour**;
* Quality of **customer-support**;
* **Transparency** of dealings with the community.

## Exchange list

For an updated list of Crypto exchanges, you can view [this page](https://www.coingecko.com/en/exchanges), curated by Coingecko. 

{% hint style="warning" %}
Disclaimer: this guide is not supported financially or in any other way endorsed by Coingecko. 
{% endhint %}


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