Topic: Best exchange to start trading? - page 2. (Read 1150 times)

The ERC20 network is very disadvantageous in terms of fees, and you have to pay a hefty fee whether you want to transact as much or as little as you want. So this network cannot be used in routine.Not only you, but everyone is pointing out this problem and often using the ERC20 network less.

 The binance smart chain network is better and the fees are very low, but many coins are not available in BSC network, and most of the tokens are available in ERC20 network only. Due to which this network has to be used. Another problem is that the BSC network can be easily found on the Binance exchange, but is often not available on other exchanges. For this reason also we have to resort to ERC 20 network.

lol I feel the same thing, I haven't used the ERC-20 network for a long time because I thought when I made a transaction we had experienced a loss due to quite high fees, trading on the BSC network is more profitable even though sometimes there are impact cuts, on a centralized exchange it would be more helpful if you have minimal capital to trade

Coingeco and Coinmarketcap is the best place to search coins to trade and looking for which one exchange listed that coins, usually I use both side looking for market listing coins and always update about price, exchange market list and how much transaction volume on every exchange. 

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Exchange is the important place for trading and earn profit, have two kinds of exchange between CEX and DEX but many trader priority with CEX have lower fees for trading and difference with DEX need to pay higher fees exactly when trading with ethereum coins network. Best exchange for trading have much transaction volume and withdrawing fund not get difficult yet, usually all exchange without five minutes withdrawing will be complete and don't use exchange process withdrawing manually.

Exchanges is one of the place we can trade and make money if we have the skill to keep us in the market making profits for ourselves.
The market is very big and making financial decisions can be very risky for us. It is good we have the skills to make profits for ourselves so that we can at least pay our bills and buy anything that we want. There are so many exchanges we can use to trade cryptocurrencies and make money if we know how to trade very well. Cryptocurrency is fun if we know how to get information and trade for profits.

There are many platforms you can use to trade altcoins; there are crypto.com, coimarketcap, coingecko, and others; it just depends on what you want, dude. Just use things like Google Search to find answers to your questions.

And besides, there are many exchanges that you can use globally, such as Gate.io, Binance, Mexc, and others like this. Just do some research on the business industry like this.

Coingecko, is a very good place to search for exchanges to trade, you'll see the options, carry out your research and choose, depending on the ones that operates in your country.

It's true that just accumulating and holding Bitcoin or altcoins as an investment for years can be boring, although it's believed to be the safest method of making profit in cryptocurrency. So if someone wants to feel the action and make money on the short term, then it's trading, although you have to be equipped with essential knowledge of trading. So it's true to start with the amount that you can afford to loose, so you can minimize loses, because crypto trading is not an easy business, you'll have to understand it's fundamental and technical analysis, even that is not enough to guarantee profits.

Just like everyone said, it just depends on what coins what you are trying to invest. You might want to check that in coinmarketcap to make sure you have best liquidity on your assets. Can't really recommend anything more than that if we don't know what you are trying to do. Make sure to do any research before deciding anything on trading, it's really fatal for your journey.

That's pretty much a decent capital to start with, the only problem is how do you manage to maintain your trading journey and your investment.

I would say that it would be better that you should  be directly be dealing up into those platforms which are known to be the best or simply that really speaking about top in the market. Im not saying about not to support your local exchange but in speaking about fees and overall user experience then you would really be able to tell the difference and this is why it would really be that recommended that way but of course it would really be still that depending on you in the end of the day since each person does have their own preferences when it comes to things on which they would really be simply sticking on things on which they were comfortable
or really that having that good experience on it.

Starting trading would neever be that simple but starting on making use of the best platforms out there would really be easing out at least because everything is complete
and when it comes to fees and other features then it would really be that always better comapred into those local exchangers but well it would really
be still depending on you because you are the ones who would really be making use of those platforms. So it would really be just that depending into your approach.

Should incase of trading or short time holding, one should only afford to leave the little amount of money they can afford to loose on a centralized exchange, if not, all lifetime earned assets should be sent to your personal non custodial wallet, when we have the keys to our bitcoin, they were ours, but when the exchange are in charge of these keys, they has the coins as well, not your keys not your coins.

In as much as you would want to be dealing with a centralized exchange to purchase your cryptos, ensure that you move your cryptos to a self - custody wallet immediately after your purchase, where you only will have access to.  Note; keeping funds on exchange poses some kind of risk as you might have heard, "Not your keys not your crypto”, secondly your funds are liable to getting froze too, so these are risks involved with using any centralized exchanges, and you should consider this risk factors before doing business with any known exchange out there.

First of all, it is quite good to see that in order to make money by trading you will start with a small budget and follow the market for a while because usually new traders avoid such stages. Coming to the answer to your question: If there is a cryptocurrency you specifically want to trade you can use websites such as Coingecko or CoinMarketCap to see which exchanges have the highest transaction volumes of these cryptocurrencies and make a choice accordingly. For this reason, it is very difficult to make a clear recommendation without knowing the two cryptocurrencies you want to choose. On the other hand, if you want to buy and sell and make money by choosing many different cryptocurrencies in general I can recommend you to use the Binance exchange because Binance is the most popular exchange in this market and its transaction volume is quite high.

Finally, I would like to give brief information about some things you should pay attention to when choosing a cryptocurrency exchange;

- The transaction volume is high,
- Gained trust from users,
- Has proven theirself,
- Hasn't caused any inconvenience to its users before,
- Able to provide various transaction parities with high transaction volume,

while choosing a cryptocurrency exchange would definitely be the best decision.

that's what I mean, why beginners who want to trade can at least learn on the local exchange in their country. It might be a bit problematic if their country doesn't support crypto and its trading. they can learn with some guidance from the information provided by the exchange for beginners before starting trading. If you just want to own assets like Bitcoin, it might be easy with p2p, but learning to trade if you are hampered by state regulations might be a little more difficult.
but there are already many videos that can be watched for them to learn to trade on several exchanges. maybe it will make it easier for beginners to learn.

You don't have to worry about that if you're using Binance or KuCoin or Okex or Huobi because those are some of the most reputable exchanges out there that has hundreds of thousands if not millions of user daily that trades in billions of dollars so I don't think worrying about your money being lost is a worry that needs to be addressed if you're in an exchange that there's not a lot of people. You don't have to research on the exchanges I've mentioned because they're reputable and the only thing you might want to look for is the coins available in their platform for trading because crypto A might be available in KuCoin but not in the other exchanges.

It is important to research the trading sites well before trading not all exchange sites are good for exchanging. Determine your entry level and target price in advance it is very common for a person to change their mind before making an exchange. If the exchange site is not good you may sell even if the price increases nominally. That's why you may miss out on taking advantage of your high profits from large price increases.

First of all, we should all do our due diligence on the exchanges before we trade anything. Because if we trade in any wrong exchange while trading then we will have more chance of losing money. So it is very important for us where we are doing exchange.

I feel like that could be done in the future and would not be a problem, the real trouble is that you do not put in any price or anything like that and trading is harder in general. Plus, I feel like there are so many fake places that are acting like DEX but has absolutely no coding check, you can have places like CertiK check their chain or token or whatever, but the website itself is usually just copy of each other.

I remember when pancakeswap started, there were a million places that copied their website front end code and did whatever they could with it and I am not fine with that, I think that was the main reason why I stayed away from them, plus they are tiny in size when compared as well. Binance type of places are much grater.

I think regulations to the various country's local authority is key but Binance is known for always evading regulations hence the reason they are no longer operational in many EU countries including U.K Canada Australia and others. They still have issues even with U.S. in as much as Binance remain the biggest crypto exchange, they should lead by example by complying with some regulations. I used to use them but since moved to Bitget since they are regulatory compliant and one of the biggest top exchange.

Personally I prefer to use Bitget than the other exchanges you’ve listed, user friendly interface is one thing that traders doesn’t joke, being able to view my trading chart perfectly is really important to me, also Bitget has a sharp pick for set down entries unlike other exchanges where your trade will get to your set entry and it won’t pick up, that doesn’t happen on Bitget.

First of all if you use Binance Exchange then you don't plan to use any other exchange because Binance Exchange has advanced features that differentiate Binance from all other exchanges. Binance Exchange has two moods, one is Normal and one is Pro. New members usually use the normal mode in the beginning but regulars and those who need to do other things including trading transactions usually use the pro version.

KYC verification of Binance exchange is very easy and it is done in quick time as compared to other exchanges. If security is considered then Binance Exchange will undoubtedly be ahead of all other exchanges. So initially you can use this exchange hope you feel comfortable using it.

Too bad for op then, since I was about suggesting the same exchange to him as well, and the truth that,  many actually do not like binance, but it's far the best and the biggest crypto trading exchange by both volume and popularity, it is the best place for day trading as far as I am concerned.

But then, op can still check out exchanges like kucoin, okex and some others in the top ten on exchange rankings according to coinmarketcap, I believe one of the exchanges there will be fully functional in the UK and he(op) can start his trading journey from there.