Best exchange to start trading? - page 6.

KingsDen

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Quote from: JamesDaniel90 on November 18, 2023, 06:51:19 PM

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 exactly have you been buying?
Bitcoin or a stable coin?

Quote from: JamesDaniel90 on November 18, 2023, 06:51:19 PM

...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.

As the market is starting to get volatile, it is a period to make good profits. But you need to remember that volatility is an two edged sword. It can go green and also go red. Prepare for the worse as you embark in your mission.

gunhell16

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Quote from: JamesDaniel90 on November 18, 2023, 06:51:19 PM

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.

You didn't mention what altcoins you are referring to, dude. What exactly are they? Most of them are altcoins because they can give a profit to any of us here in the crypto space. And if 200 dollars is the beginning of trading that you will turn into capital, that is actually big for me.

That's why I just don't know if you know anything about trading, do you? because if you don't have it, it's better that you know something about it so that your money doesn't go to waste. It's still important that you have a real understanding of this, rather than the fact that we'll just be confused or rely on luck because it's not the same as gambling.

Lanatsa

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Quote from: JamesDaniel90 on November 18, 2023, 06:51:19 PM

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.

If you've been able to make some good money on 2 altcoins that you are investing on which having that pump of 40% in 24 hours then its good but dont make yourself that confident. Why? pump doesnt last forever and it would really be just that wise that you should really be getting out before the correction happens because we dont really know on what would happen next. This is why it would be always ideal that you should really be securing your profits while you still can so that you wont really be that making yourself having those regrets on not to do so just because you are expecting something more.

Speaking about exchange then better to choose up on whats the current best ones in the market.

1. Binance
2. Kucoin
3. OKX

These are the exchanges i've been using but of course you would really be that basing or depending up on the coins that you are involving
into since not all coins been listed on to those top exchange which are usually be found on dex or low liquidity platforms so its up to you
on making your own research basing up on the project that you are involving into.

DVlog

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Quote from: JamesDaniel90 on November 18, 2023, 06:51:19 PM

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.

Use any exchange that has most of the volume and trading pairs. If you are planning to use an exchange from the UK then kraken can be a good exchange for you as it has a trading pair with EUR. Binance can also be used as it has most of the tokens listed on the market.

About those 2 altcoins you have seen pumping 40% in 24 hours is normal in this current situation. We are currently in a mini altseason and many projects have already pumped multiple times and are still pumping. Don't be fooled by seeing this price surge as all these will make a correction more than it pumped over night if BTC falls towards 20k. At first understand the nature of the crypto market before you risk your hard earned money by trading crypto.

macson

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Quote from: JamesDaniel90 on November 18, 2023, 06:51:19 PM

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.

just like the question another member asked, what altcoin do you want to trade? As far as i know, Binance is a very popular exchange in the UK, the choice of altcoins is quite complete and the liquidity of the altcoins listed there is also quite good, so i recommend choosing to trade on Binance, but there are other options such as Etoro or Gemini ^{(also do your research it's up to you to find out which exchange is the most comfortable for you in terms of fee size, tools and interface)}. If you want to trade on altcoins that are not yet listed on a major exchange then also avoid trading on exchange sites that are unclear and new.

Hyphen(-)

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Quote from: JamesDaniel90 on November 18, 2023, 06:51:19 PM

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 this this could be a a good opportunity to make some extra money,, which would then mean I can invest more in my long-term plays.

Note that trading is risky, and if you do not have good trading knowledge, you can lose money in trading.

A coin that pumps today might drop tomorrow, so going directly to trade the coin just because it gains some percentage within 24 hours is risky because it might have gained this pump for some reasons; therefore, do your research before you start your trading journey.

You can use coin geko to search for the coin and know more about it, including the exchange it is listed on, the coin trading volume, its ATH, and so on.

Also, to get the best trading platforms, centralized exchanges are the best for trading; the only challenge with them is the KYC they require before you start using them. But you can check here for exchanges that do not require KYC and are also good for trading.

goinmerry

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Quote from: JamesDaniel90 on November 18, 2023, 06:51:19 PM

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.

You have to mention that 2 altcoins you are referring to somehow give you a much more appropriate answer. There are lots of good exchanges around to start trading however since you pinpoint those 2 altcoins, we can't answer you in general as some altcoins are listed in specific exchanges.

Anyway, I hope you understand what you are dealing with. Always be cautious with an altcoin that pumps crazy in less than 24 hours.

Taking that ride is a clear sign of being under a FOMO.

Coyster

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Quote from: shawonngp on November 19, 2023, 12:39:28 PM

Now only MEXC is not require to pass KYC i know.

There are a few other centralized exchanges that allow no KYC for transactions up to a certain amount, but just as Kucoin made KYC mandatory for all transactions and services, many centralized exchanges would also do the same thing along the line. I have not used MEXC exchange before and i don't know if they are such a good exchange, but i found this online for those who want to use them because they are a no-kyc centralized exchange:

Quote from: 2girls on November 19, 2023, 02:58:25 PM

Using Binance Exchange for a long time I'm in love with that Exchange due to its impressive strong security through which my funds I seems are safe there.

Binance is an exchange you can use for trading if you are not concerned about your privacy, but it is not for keeping your coins, because your coins can never be safe in a centralized exchange.

terrific

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There is this article that I have searched for you - https://www.techopedia.com/cryptocurrency/best-crypto-exchange-uk
It lists Binance, Coinbase, CEX, and many other known crypto exchanges as well. That's not a problem for you anymore because there are a lot of them that you can use if you are from UK.

2girls

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Using Binance Exchange for a long time I'm in love with that Exchange due to its impressive strong security through which my funds I seems are safe there.

I didn't use many exchanges but used the Kucoin Exchange, MEXC Exchange and the Bybit Exchange on all of these I found the Binance most better for me and easy to use and interface is simply amazing.

After that I can say that Bybit is good one for the new users and even they can start with the MEXC Exchange just for learning the trading. And it has also a low fee of trading which is better for newbie.

ZAINmalik75

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Quote from: cute nmp on November 19, 2023, 09:19:33 AM

For beginner i will suggest kucoin or binance exchange ,Both are very user friendly and very easy to use . You can learn either spot trading or Futures on both platforms there are lots of educational contents and guides for newbies. The only con's about the exchanges is that both requires Kyc before one can be able to access their services now . I will also suggest that you find a pro that can help guide you with your crypto investment to avoid loosing so much money as you are just starting out now.

For newbies, centralised exchanges are the simplest exchanges that they can easily use because they are user-friendly and easy to understand. As you said, on centralised exchanges, you have to do KYC, and that is for sure, but not on all exchanges. There are still many exchanges on which you don't have to do KYC, but that still poses a threat because in the future they might ask you to do KYC.

Therefore, KYC is a problem if you go for decentralised exchanges like Uniswap, etc., but they won't be futuristic like Binance or Kucoin.
And a newbie should not try futures trading directly because it's highly risky due to the liquidation price. Otherwise, you don't have to look for the liquidation price, and you can buy a token, and when it makes you some profit, you can sell it. But both need some analysis.

shawonngp

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Quote from: Coyster on November 19, 2023, 08:18:38 AM

Quote from: shawonngp on November 19, 2023, 07:02:29 AM

Both of kucoin and mexc also major exchanges here you can trade without kyc but you can withdraw limited amount of USD.

You can no longer trade on Kucoin without passing KYC, Kucoin introduced compulsory KYC since July, and you need to verify your identity before you can access any of their services:
https://cointelegraph.com/news/kucoin-crypto-exchange-to-introduce-mandatory-kyc-in-july

I am users of Kucoin exchange for long time and used it without KYC, But this year i was not active in Kucoin, Actually i don't need to use Kucoin that might be my mistake, i don't know about they introduce KYC and it's mandatory. Thanks for the sharing it. Now only MEXC is not require to pass KYC i know.

Faisal2202

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Quote from: JamesDaniel90 on November 18, 2023, 06:51:19 PM

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 a good opportunity to make some extra money which would then mean I can invest more into my long term plays.

I was going to mention Binance but Binance exchange doesn't have a good relationship with the UK government so I will say you can go for Kraken, Etoro, or Coinbase. But the thing is, not every altcoin is listed on every exchange, therefore it might be possible that the exchanges I suggested aren't comprised of those alt in which you wanted to trade.

And talking about a volatile market in which you are planning to make some profit but keep in mind that a volatile market does not mean, you will make a profit only, it also means you can lose too. So must remain prepared for it too. Although $200 is not that much but good to take a start.

traderethereum

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We can provide a list of exchange sites we currently use @OP. But you still have to do your own research to find an exchange that suits you.
What we suggest does not guarantee that you can use it well. Many people still use Binance, KuCoin, Bybit, OKEx, and you can see CoinGecko in the Exchanges section.
Once you get the exchange, check it yourself to see if it is the exchange you want.
We cannot rely on advice from other people to use directly, but advice from other people is useful for our consideration in choosing the exchange.
So you can start looking for it and remember that these exchange sites require you to do KYC. Make sure you have read the rules before you register.

Huppercase

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Quote from: JamesDaniel90 on November 18, 2023, 06:51:19 PM

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.

Are you trading for real or you are only trying to buy a coin to hold? Buying and holding is different from trading. You can buy an altcoin and hold it depending on the duration you want to hold that asset for, it could be for long term and it could also be for shorter terms and when the coin in particular is pump, you will have some gains but it's not an assurance because altcoins are very unpredictable, it's what you wish you might see happening later in the future.

Trading is great way to collect many % profit but you need the knowledge, you don't have to jump into trading if you don't really understand how to trade and how it work. You need to take your time to learn that but if you already understand trading, then you are good to go. I will suggest you look into Aptos, Sui, Ambitrum and Avalanche. These coins have been rolling out updates recently but please don't take their certainty from my mouth, do your own research.

Nrcewker

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There are many exchanges, but you should always go for the exchanges that are operating in the market since many years and have a good reputation. Many new and shady exchanges promotes attractive offers, and when trader joins and deposits money there, the funds gets locked. If you ask me then Kucoin and Binance are the best exchange possible to trade. Just try searching for the coins, and make good profits here.

sokani

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Quote from: JamesDaniel90 on November 18, 2023, 07:49:28 PM

The two altcoins I am talking about are Alliance Block & Kaspa which have both been very up and down over the last week or so. Alliance Block pumped 35% in less than a day today.

I am just getting bored of only buying and waiting for bull run as I have been doing that for almost 2 years now

According to coinmarketcap, there are about 22 exchanges where Kaspa is listed and among the list, Kucoin, MERC and Binance are the most reputable exchanges. If you just want to trade with smaller funds, I would suggest MEXC or Binance because you can trade and withdraw your small profit without the need to submit your personal information for KYC verification.

Kaspa just got listed on Binance two days ago, and it hasn't been updated on coinmarketcap yet.

ajiz138

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Quote from: JamesDaniel90 on November 18, 2023, 06:51:19 PM

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.

So you're located in the UK? Actually, Binance exchange is good, but there is an article saying that Binance exchange in UK is not accepting new customers since October 16th.
https://www.binance.com/en-GB/blog/all/update-on-binance-for-uk-users-937596818854026589

You can do that if you have the skills with $200 capital, but you should know that trading is risky especially with the price of altcoins constantly fluctuating, actually it's up to you I you can earn during the trade.

Bananington

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Quote from: JamesDaniel90 on November 18, 2023, 06:51:19 PM

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.

I just hope that this your decision has been well thought about because profit is not always made from trading especially when hurried into, you have to have conceived the thought and practiced first on demo accounts if you are new trading before trying to trade with money on the live market if not you will loose your money to the market and be bitter for trying to trade. If you are not trading, you can focus on making profit from still doing what you have been doing, which is buying and waiting, you will just have to be more patient.

cute nmp

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For beginner i will suggest kucoin or binance exchange ,Both are very user friendly and very easy to use . You can learn either spot trading or Futures on both platforms there are lots of educational contents and guides for newbies. The only con's about the exchanges is that both requires Kyc before one can be able to access their services now . I will also suggest that you find a pro that can help guide you with your crypto investment to avoid loosing so much money as you are just starting out now.

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