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.
Topic: Best exchange to start trading? - page 3. (Read 1224 times)
...I would refer you to any of the centralized exchanges like Binance as it has much better user interface than decentralized exchanges as it's easier to navigate but if you are not comfortable providing KYC then go for DEX which would not have as much as liquidity as CEX...
Given the information that the OP published, the Binance exchange is not suitable for him to trade, since he lives in the UK. And as you should know, in 2021, the British financial regulator banned the Binance cryptocurrency exchange and its divisions from operating in the country.
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.
If we want an exchange that doesn't require for KYC, we can choose DEX. Most CEXs must require KYC, it is common rules in CEXs to verify the real data of the users. In DEX, I guess there is no restriction, every one from any country can trade on the DEX. It is quite different in CEX, there are some restrictions in CEX, people from certain countries can't join the CEX.
[...]
I think trading on a DEX can be quite difficult, especially if you want to execute several trades in parallel and/or trade in short time intervals. [...]
- Traditionally, a DEX has no options to offer functionalities such as stop loss or take profit, which is very difficult due to the way a DEX works.
- A slippage must normally be specified on a DEX. However, a slippage of only 2% can already ruin a trade.
For newcomers in particular, I would therefore only recommend a DEX to a very limited extent, especially because there are still CEXs without a KYC obligation, which are also ideal for this purpose.
The best exchange is the one that does not require КУC from the user, but otherwise you have no guarantees that you will be able to avoid account blocking or other restrictions.
If we want an exchange that doesn't require for KYC, we can choose DEX. Most CEXs must require KYC, it is common rules in CEXs to verify the real data of the users. In DEX, I guess there is no restriction, every one from any country can trade on the DEX. It is quite different in CEX, there are some restrictions in CEX, people from certain countries can't join the CEX. It is also advisable to choose something from the top exchanges that are well-known, this will at least provide you with good liquidity (if you need it), but even this does not guarantee you anything, a recent example is FTX.
Of course, it is better to choose reputable exchanges. We must avoid to trade in unpopular exchanges, the risk will be too high. Moreover if the exchanges require our data to verify our registration. Specifically it is on CEX, we must choose most reputable CEX in the world. So far, I never speculate in random CEX, I only join the top CEXs in the world.Choose top exchanges: https://coinmarketcap.com/rankings/exchanges/
there are many options available on coingecko, perhaps for more than the top 100, if your country does not support exchanges, you can make purchases via dex, but if you trade on dex the transaction costs may be quite large compared to dex, especially on the network erc-20 ,
Trading on DEX if it's on the ETH chain will cost you a lot. I hate this to say but much better to get onto centralized exchanges if you want to keep some fees. There are a lot of choices in there but of course, use them as they're only should be used for trading. remember trading will not always be profitable
Yeah, some time it will be and there will be a lot of times that it won't be. Just trade with caution and use exchanges that are common and don't keep your money there for a long time. 
...I would refer you to any of the centralized exchanges like Binance as it has much better user interface than decentralized exchanges as it's easier to navigate but if you are not comfortable providing KYC then go for DEX which would not have as much as liquidity as CEX...
Given the information that the OP published, the Binance exchange is not suitable for him to trade, since he lives in the UK. And as you should know, in 2021, the British financial regulator banned the Binance cryptocurrency exchange and its divisions from operating in the country.
there are many options available on coingecko, perhaps for more than the top 100, if your country does not support exchanges, you can make purchases via dex, but if you trade on dex the transaction costs may be quite large compared to dex, especially on the network erc-20 , remember trading will not always be profitable
From a user perspective, an exchange without KYC would indeed be better. especially for beginners who don't understand privacy and the risks.
but for those learning trading, the best exchange I think is a local exchange in their own country. who accept deposits in the currency they use. obviously, it will require KYC, but as a start to learn I think a local exchange is best.
If beginners start to understand the concept of trading and start paying attention to exchanges with good trading volume, it will be good enough to hone your skills in trading. especially with more assets to consider.
Local exchange market is the best option for beginner because there are available with local currency pair and easily understood with price have to buy and sell later. Seems all countries have own local currency exchange market and Binance seems supported with several local exchange pair for trading but including for all altcoins. For local exchange, the beginner understand well about deposit fiat fund firstly before use for trading, I think difficult for them have to start on global exchange market like Binance, Kucoin or Huobi because they can understand well how to make deposit first before buying some altcoin or bitcoin. but for those learning trading, the best exchange I think is a local exchange in their own country. who accept deposits in the currency they use. obviously, it will require KYC, but as a start to learn I think a local exchange is best.
If beginners start to understand the concept of trading and start paying attention to exchanges with good trading volume, it will be good enough to hone your skills in trading. especially with more assets to consider.
In local exchange have easily feature with deposit fiat or local currency and convert it to buy stable coins or directly trade from local pair currency with bitcoin or altcoin want trade by beginner.
There are DEX and CEX but if you are new for trading then I would refer you to any of the centralized exchanges like Binance as it has much better user interface than decentralized exchanges as it's easier to navigate but if you are not comfortable providing KYC then go for DEX which would not have as much as liquidity as CEX.
Before entering trading regardless of exchange you choose you need to learn the basic of trading and have a proper knowledge because there are lot of people enter trading without knowledge and end up losing, some feels that they should have just hodled instead of losing in trading.
Before entering trading regardless of exchange you choose you need to learn the basic of trading and have a proper knowledge because there are lot of people enter trading without knowledge and end up losing, some feels that they should have just hodled instead of losing in trading.
The best exchange is the one that does not require КУC from the user,
From a user perspective, an exchange without KYC would indeed be better. especially for beginners who don't understand privacy and the risks.
but for those learning trading, the best exchange I think is a local exchange in their own country. who accept deposits in the currency they use. obviously, it will require KYC, but as a start to learn I think a local exchange is best.
If beginners start to understand the concept of trading and start paying attention to exchanges with good trading volume, it will be good enough to hone your skills in trading. especially with more assets to consider.
Exchanges are exchange and there's nothing that can change them from what their true nature is, the developers may vary from each other but their main constituents still remains as being an exchange, so when we are trading in anyone of them, all we should focus on is their level of trust and adoption with global recognition and reputation they have, we should know that we are to do our own research about them and ensure we have what we want to see in them and should use only the amount that can be left on risk for trading on exchanges.
The best exchange is the one that does not require КУC from the user, but otherwise you have no guarantees that you will be able to avoid account blocking or other restrictions. It is also advisable to choose something from the top exchanges that are well-known, this will at least provide you with good liquidity (if you need it), but even this does not guarantee you anything, a recent example is FTX.
Exchanges are exchange and there's nothing that can change them from what their true nature is, the developers may vary from each other but their main constituents still remains as being an exchange, so when we are trading in anyone of them, all we should focus on is their level of trust and adoption with global recognition and reputation they have, we should know that we are to do our own research about them and ensure we have what we want to see in them and should use only the amount that can be left on risk for trading on exchanges.
The best exchange can not be defined on single factor or based on which coin you want to trade. There are many factors from volume to reputation to its validity in the country where they are getting hosted. For example if you have the two coins that are not listed on the UK based exchange but you still want to trade it however you find it on the US based exchange then there is little risk here. For example, the regulations in the UK and USA might not be the same. Going further US based exchanges are always at risk of getting banned. They already have lot of strict regulations which makes exchanges make mistake while operating their business. We have seen powerful exchanges going down due to this. Its better choose an exchange that is doing well locally in all the respects: rules, regulations with proper licenses, volume etc. However, do not fall for coin then search for exchange.
In my opinion one to two exchanges are enough to execute your trading so more exchanges will not give you good results. Moreover a new exchange is dangerous because of the certainty of your money. So if you want binance, kucoin these best exchange list. On the other hand if your country has a good exchange then accept it. But almost all exchanges can give you best feedback on making kyc mandatory.
There are so many exchanges we can use to trade and make profits from what we do in the market. We have exchanges like binance, bitget, OKX, Remitano etc that are more reliable when it comes to trading. If we are looking for an exchanges to use, we need to look at the religion and check what religions those exchanges do not support so that we don't waste our time registrating and noticing later that such exchange for not support the location that we reside in. 
As recommended before, Binance is the best exchange in each and every aspects. It doesn’t matter whether you are an expert trader or a newbie who is going to start his trading venture. Binance is used by millions of people daily and one of the oldest exchanges. So you won’t regret joining Binance according to me. Moreover if you want to trade new coins which are launched in recent times, then Kucoin can be another option.
There are many good exchanges with too many new cryptos listed daily, like binance, kucoin, etc.
I am also seeing many pumps upto 50%-100% on low cap coins, but after finding a good exchange make sure the coin you have invested have liquidity to get out after taking profit quickly.
and check price when clicking buy on market price, there incidents happens like you may bug that crypto for 10% higher price because of low liquidity.
I am also seeing many pumps upto 50%-100% on low cap coins, but after finding a good exchange make sure the coin you have invested have liquidity to get out after taking profit quickly.
and check price when clicking buy on market price, there incidents happens like you may bug that crypto for 10% higher price because of low liquidity.
I think Binance would be the best exchange if you want to use a centralized exchange because it is top position in all cases and has enough liquidity for all coins listed there. So you can buy and sell any coin instantly there without any hassle which you may not get in any other exchange. DEX is very good for high privacy and safe trading but compared to CEX the trading fee is very high so since you want to trade with only $200 DEX is not a problem. But if you are trading with thousands of dollars then it would be better to use DEX because there you will be in full control of your total funds and in CEX your funds are under the control of others so there is a lot of risk.
There is no doubt that Binance is a good exchange, the biggest exchange among all exchanges. I have been using it for the last two years, but it is no longer reliable, People have been transferring their assets from this exchange to other exchanges ever since the EC dispute started with it. A recent $4.3 billion fine and CZ resignation as CEO have made the exchange even more risky. Centralized exchanges are by no means safe, but when an exchange has issues like this, holding your assets there can prove to be even more risky.
However, we need some kind of exchange for our trading and buying and selling and we have to keep some money there, so I think ByBit can be the most reliable at this time, because there are currently no such problems and we should always keep our assets in a place that is free from problems.
Up until now I have been just buying and patiently waiting for the bull run but in the last week I have seen 2 altcoins I was interested in pump up 40% in less than 24 hours so want to try make some money and give trading a go.
What is the best site for this in the UK?
I am only going to start with $200 roughly to see what I can turn it into over the next few weeks and months as the market is starting to get very volatile so could be good opportunity to make some extra money which would then mean I can invest more into my long term plays.
I think Binance would be the best exchange if you want to use a centralized exchange because it is top position in all cases and has enough liquidity for all coins listed there. So you can buy and sell any coin instantly there without any hassle which you may not get in any other exchange. DEX is very good for high privacy and safe trading but compared to CEX the trading fee is very high so since you want to trade with only $200 DEX is not a problem. But if you are trading with thousands of dollars then it would be better to use DEX because there you will be in full control of your total funds and in CEX your funds are under the control of others so there is a lot of risk. What is the best site for this in the UK?
I am only going to start with $200 roughly to see what I can turn it into over the next few weeks and months as the market is starting to get very volatile so could be good opportunity to make some extra money which would then mean I can invest more into my long term plays.
binance and kucoin are best exchanges to trading, high liquidity and lots of users in those exchanges i like to trade specially both of exchange, but remember that both of require kyc process to start trade there, i traded many small exchanges but i didn't big trade their lack of security.
Yes, Binance and KuCoin have already made names for themselves and have already gained people's trust due to the service they render and their security. They are the best exchanges most people are using, but there are other exchanges that are also very good. Bybit, OKX, MEXC, and other centralized exchanges are also good and have similar features as Binance and KuCoin, just that people are avoiding KYC. That’s why they chose exchanges without KYC, which have fewer trading options and important features than Binance and KuCoin. 
What coins are you buying? Majot exchange list only good projects on Binance and Kucoin, but if you also trading other unknown coins these are usually present on mexc exchange. Id like to use this they dont need to engage with KYC and Ive been using that eversince. Well for major coins its alwsys Binance on the top of the list as it have huge volume and very user friendly exchange.
My start off point is always Binance, because there you can get a list of good and reliable coins, I'm not so comfortable with any coins that's not on it. There are other reliable exchanges like kucoin, that you also talked about, so he can start his research of finding a suitable exchange from the two. I'll also take your advice on trading unknown coins in an exchange like mexc, this is because I only do top altcoins.
Jump to: