What is a Crypto Exchange?

Which feature tells you a service is a centralized exchange?

• It shows a swap box for two tokens
• A company holds the crypto you buy and checks your ID
• It compares prices across several venues

Your crypto sits on a US exchange. What do its own terms say about FDIC and SIPC?

• Crypto is not covered by either
• Crypto is covered up to $250,000
• Crypto is covered only if you hold it for a year