Topic: Best exchange for a new crypto investor? (Read 786 times)
Now it is quite dangerous to use centralized exchanges, it is better to choose decentralized ones on smart contracts, where the funds are at your disposal
Binance is the most popular crypto exchange , they has a million user so the trading volume is very high. With high trading volume you will get low spread and best liquidity, so will be good for day trading and scalping.
Yeah, for most new investors at the moment who are looking into getting some pretty good coins or tokens to hold for the long term, I will say any reputable exchange with a lot of available tokens with potentials will be a good way to start and in this case, I will say Binance and bittrex for me are two good spots to start.For what it is worth, we can at least tell that these two exchanges have been able to do well over time and most especially for binance, even in the short period of its existence, it pretty much seem like it has not even started yet, with many upcoming development to roll up its sleeves.
Yes, I agree. But if a new investor is looking to buy coins to hold them long-term, then it is important to transfer them out of the exchange to a more secure wallet. Main way how people get their coins stolen is through hacks on exchanges. So, don't hold the assets, you are not looking to trade, on an exchange. This is just an extra security risk which you never need to have. If you hold long-term, hold them in your wallet.
Binance is the most popular crypto exchange , they has a million user so the trading volume is very high. With high trading volume you will get low spread and best liquidity, so will be good for day trading and scalping.
Yeah, for most new investors at the moment who are looking into getting some pretty good coins or tokens to hold for the long term, I will say any reputable exchange with a lot of available tokens with potentials will be a good way to start and in this case, I will say Binance and bittrex for me are two good spots to start.For what it is worth, we can at least tell that these two exchanges have been able to do well over time and most especially for binance, even in the short period of its existence, it pretty much seem like it has not even started yet, with many upcoming development to roll up its sleeves.
There are well known exchanges like binance, any of them will do. Just be reminded not to keep your fund in an exchanges for too long, this gives no full control over your funds. It is still best to choose hardware wallet or open source wallet like HODLER wallet or electrum, in this way you can have the assurance that no one is taking over your funds but only yourself. After trading, selling and buying, immediately transfer it on your own wallet. Just a tip on trading, You can arbitration to see price difference like bitsgap, this enables you to see price difference and also make profit from it.
Binance is the most popular crypto exchange , they has a million user so the trading volume is very high. With high trading volume you will get low spread and best liquidity, so will be good for day trading and scalping.
I agree with you . Binance is the best exchange in this market and it is difficult to compete with this exchange as most big investors tend to choose Binance for trading because it is safer than other exchanges. I personally believe Binance will always be the choice for everyone
Binance is the most popular crypto exchange , they has a million user so the trading volume is very high. With high trading volume you will get low spread and best liquidity, so will be good for day trading and scalping.
I am sure that everyone here must believe that Bittrex is the best exchange. With a very good level of security and also with services that are so reliable, people don't hesitate to trade. Bittrex is the biggest exchange to date and in my opinion there is no exchange that can match the quality possessed by Bittrex.
Hey all!
I'm fairly new to the crypto world and was looking some info about exchanges and which ones might be the best for newcomers like me. I stumbled upon this podcast which seems helpful - http://cryptoandblockchaintalk.com/episode-11-crypto-exchanges-for-new-investors
But looking to hear your opinions as well. Where do you trade and what are your recommendations?
Thanks
Willy
I'm fairly new to the crypto world and was looking some info about exchanges and which ones might be the best for newcomers like me. I stumbled upon this podcast which seems helpful - http://cryptoandblockchaintalk.com/episode-11-crypto-exchanges-for-new-investors
But looking to hear your opinions as well. Where do you trade and what are your recommendations?
Thanks
Willy
Well" depend on your strategy if did you think that exchange is better for you
There so many exchange around here in the cryptocurrency but need to choose better and realable
Try this https://nexybit.com/tradespot Easy and convenient for trading
To provide a legit and a certain crypto exchange, I could recommend binance as the best trading site ever because it can be installed to your mobile phone as android app. This is the easiest way to introduce crypto due to its capabilities and reviews. The trading site was having a strong security as per observations based on what I did from previous tradings I did with the exchange site.
I usually use Kucoin and then sometimes Idex and Forkdeltha I think new coins are usually listed there most of the time
Probably look for a reputable exchange site with 2FA security features in order to secure your account and your funds you can use the Binance, Poloniex, Hitbtc, Kucoin, Bittrex, Coinbase (Limited coins only), Bitstamp (EU)
Well you can just search around the internet for the best exchange and conduct your own research or review about the exchange site, remember that there are some phishing website around the web so you better check the url of the exchange before transferring your funds to your account.
Well you can just search around the internet for the best exchange and conduct your own research or review about the exchange site, remember that there are some phishing website around the web so you better check the url of the exchange before transferring your funds to your account.
Yes 2FA security is important to have. I would look at exchanges that have this option. But, it won't help against exchange hacks anyways.
Probably look for a reputable exchange site with 2FA security features in order to secure your account and your funds you can use the Binance, Poloniex, Hitbtc, Kucoin, Bittrex, Coinbase (Limited coins only), Bitstamp (EU)
Well you can just search around the internet for the best exchange and conduct your own research or review about the exchange site, remember that there are some phishing website around the web so you better check the url of the exchange before transferring your funds to your account.
Well you can just search around the internet for the best exchange and conduct your own research or review about the exchange site, remember that there are some phishing website around the web so you better check the url of the exchange before transferring your funds to your account.
What I would suggest is to use is a multi-exchange platform, which allows you to manage all the exchanges from one place. There are not that many services like that online. The only one that is still free to use is bitsgap.com (please let me know if you know any other). So the idea is to add all the crypto exchanges into the interface and and have them all in one place. This way you can easily manage and trade all the coins you have.
Are this type of sites safe? Seems like one extra layer of something centralized.
They are safe, as you are not sending them any money and not allowing to make any withdrawals. They just connect to your exchanges via API and allow you to manage all the trading websites from one interface. For example, I trade my coins on 6 different exchanges and to make the deals I need to keep 6 different tabs opened. On top of that, all of those exchanges have different design, which is sometimes a bit confusing. Aggregative platform has a single design for all of the accounts (and sometimes even has some trading features that original websites don't). Even if I don't want to trade my coins, I still can login to one interface to check the current state on all of the connected exchanges (aka portfolio tracking), which I find very comfortable feature.
Oh, ok, I see. Seems interesting though.
What I would suggest is to use is a multi-exchange platform, which allows you to manage all the exchanges from one place. There are not that many services like that online. The only one that is still free to use is bitsgap.com (please let me know if you know any other). So the idea is to add all the crypto exchanges into the interface and and have them all in one place. This way you can easily manage and trade all the coins you have.
Are this type of sites safe? Seems like one extra layer of something centralized.
They are safe, as you are not sending them any money and not allowing to make any withdrawals. They just connect to your exchanges via API and allow you to manage all the trading websites from one interface. For example, I trade my coins on 6 different exchanges and to make the deals I need to keep 6 different tabs opened. On top of that, all of those exchanges have different design, which is sometimes a bit confusing. Aggregative platform has a single design for all of the accounts (and sometimes even has some trading features that original websites don't). Even if I don't want to trade my coins, I still can login to one interface to check the current state on all of the connected exchanges (aka portfolio tracking), which I find very comfortable feature.
For a beginner, I would recommend
Coinbase for US
Bitstamp for EU
They have both great liquidity and the main currencies. However, they don't support many alternative cryptocurrencies.
Many people mention Binance in this thread. However, I wouldn't call that a beginner friendly platform. They do offer a lot of functions but they do not support fiat deposits at all.
If you are looking for more cryptocurrencies and also the possibility to deposit fiat I would check Kraken.
You can read deep reviews about all these exchanges at Cryptocoinzone.
http://www.cryptocoinzone.com/
I would actually assume that when it comes to the new exchange to think of firstly, binance should always come to mind most of the time. I am sure if you have done some research on some reviews on binance, you really will not need to be asking if someone has had experience with binance or not. Coinbase for US
Bitstamp for EU
They have both great liquidity and the main currencies. However, they don't support many alternative cryptocurrencies.
Many people mention Binance in this thread. However, I wouldn't call that a beginner friendly platform. They do offer a lot of functions but they do not support fiat deposits at all.
If you are looking for more cryptocurrencies and also the possibility to deposit fiat I would check Kraken.
You can read deep reviews about all these exchanges at Cryptocoinzone.
http://www.cryptocoinzone.com/
Because this is one exchange that has been able to show itself approved in the space, and has obviously been the most used for most traders and investors in the crypto space for a lot of reasons when it comes to its great features and experience compared to other platforms.
What I would suggest is to use is a multi-exchange platform, which allows you to manage all the exchanges from one place. There are not that many services like that online. The only one that is still free to use is bitsgap.com (please let me know if you know any other). So the idea is to add all the crypto exchanges into the interface and and have them all in one place. This way you can easily manage and trade all the coins you have.
Are this type of sites safe? Seems like one extra layer of something centralized.
What I would suggest is to use is a multi-exchange platform, which allows you to manage all the exchanges from one place. There are not that many services like that online. The only one that is still free to use is bitsgap.com (please let me know if you know any other). So the idea is to add all the crypto exchanges into the interface and and have them all in one place. This way you can easily manage and trade all the coins you have.
There are many exchanges above 500 exchanges targeting different parts and region, Depend on your requirement
You can also use our exchange https://secondbtc.com
You can also use our exchange https://secondbtc.com
Try cryptopia! This is the good and friendly-user exchange. You can use it without having a KYC. Aside from that, there are many coins that are legit in this exchange. Cryptopia is the exchange which I cash out above 1000 USD. And I am happy with that since I am just participating in signature campaign and not a full time trader.
Cryptophia exchange have many issues as well so you need to be much cautious with this exchange when you are using it daily but it is a legit exchange with some decent volume and lot of rare trading pairs as well so it may not suit for the regular trader because the fee is little bit higher than binance.The problems often don't come from Cryptopia itself but rather from the Altcoins network (wallet maintenances, etc) and since Cryptopia has a huge list of coins, it's normal to see such maintenance (i.e. wallets disabled) more often than other places.
Coinbase, for example, has a very short list of coins so rarely the problem occurs there. Me too I am using it but never got a problem so far.
What exchange has the best selection of coins and tokens available for trade?
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