Pro courseBeginner15 minStay Safe
Exchange Risks
Exchanges are where most people buy their first crypto, but keeping money on one means trusting a company. This module explains what can go wrong, what history teaches us, and how to check an exchange and limit your exposure.
- 1Counterparty risk: "not your keys, not your coins"When you leave crypto on an exchange, you rely on the company. Learn what counterparty and custody risk mean and how much to keep there.3 min
- 2Lessons from exchange failures: Mt. Gox and FTXTwo of the best-known exchange collapses, Mt. Gox in 2014 and FTX in November 2022, and the practical lessons they hold for beginners.3 min
- 3Proof of reserves, its limits and withdrawal freezesWhat proof of reserves shows, what it cannot show, and why withdrawal freezes happen. Learn how to read these signals calmly.3 min
- 4Regulation and account security: checking an exchangeHow to check if a crypto service is authorised under the EU's MiCA rules, what authorisation does and does not mean, and how to secure your account.3 min
- 5Hidden costs: exchange fees, spreads, liquidity and slippageTrading costs more than the fee you see. Learn how trading fees, spreads, low liquidity and slippage reduce your results, with simple numbers.3 min
Part of DUKOIN Pro
See plansEvery lesson's introduction is free to read. The full lessons, quiz and challenges come with Pro.
Education, not investment advice. Crypto prices can fall sharply and most retail traders lose money. Practice in DUKOIN uses virtual USD with no real value.