Best platform for crypto exchange - page 2.

348Judah

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Quote from: soap94 on March 20, 2023, 08:27:51 AM

Hello friends, I really wanna start investing and using crypto on daily basis Please let me know what are the best ways to do it? Where should I start? Thanks a lot in advance!

If you're referring to the best best way to buy cryptocurrency then choosing a centralized exchange is fine but if you're to store and keep your crypto it's a very bad idea, you get a decentralized cold storage for doing that, you can learn more about trading before starting and these depends on which kind of trading you wanted to begin with, but i will suggest you start with bitcoin only for a start, and learn all the trading patterns.

Coin63$

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You can't use Crypto every day even if you want to.But you can trade daily if you want.
First you need to centralize exchange to trade.Where you can buy any type of coin, trade and invest as you wish.
Binance is a very good exchange to invest in.I often invest in this excise through various coins.

Despairo

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I think @OP meant he want to use crypto in daily basis is he want to become a daily trader.

Since you're want to become a daily trader, obviously you need to use a centralized exchange since you're looking for liquidity, decentralized exchange is lack of liquidity and you might miss the moment to buy or sell to make profit.

I recommend to use Kucoin or Bybit since both of them are still KYC less centralized exchange.

Fiatless

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Quote from: soap94 on March 20, 2023, 08:27:51 AM

Hello friends, I really wanna start investing and using crypto on daily basis Please let me know what are the best ways to do it? Where should I start? Thanks a lot in advance!

The first thing you have to.do is to invest time in learning about cryptocurrencies so that you will have some understanding of how it works. If you intend to invest in cryptocurrencies then you need to buy and hodl mainly bitcoin for a long time for you to make some profit.

If trading is your main aim, then you need to pay more attention to the market to enable you to buy and sell profitably. I hope you are also aware of the risks involved in venturing into this sector.

Using cryptocurrency for daily expenses will be largely based on your country's stance on the currency. There are nations where you can't buy anything with cryptos. Some are more open to cryptocurrencies and few have made it legal tender.

hd49728

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Quote from: soap94 on March 20, 2023, 08:27:51 AM

Hello friends, I really wanna start investing and using crypto on daily basis Please let me know what are the best ways to do it? Where should I start?

No one can say what is best crypto exchange for you because each person has different needs, privacy, security, ready to do KYC or prioritize anonymity as well as needs in trading.

If you want to chase hidden gems that are risky, you will be ready to take risk with small exchanges that usually are more ready to list new coins, new tokens. You must be aware that using those exchanges will cause higher risk for your account.

Cryptowisser.com has pages to filter exchanges and exchange graveyards.
https://www.cryptowisser.com/exchanges/
https://www.cryptowisser.com/exchange-graveyard/

If you don't want KYC, check some non-KYC exchanges: https://kycnot.me/

savetheFORUM

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Quote from: soap94 on March 20, 2023, 08:27:51 AM

Hello friends, I really wanna start investing and using crypto on daily basis Please let me know what are the best ways to do it? Where should I start? Thanks a lot in advance!

Hi and welcome to the forum.

As you clearly lack basic knowledge about cryptocurrencies and where and how they are used, you should first educate yourself on that. Start by learning about the basics either from this forum or using Google. Once you acquire enough knowledge and understand the basics, then you should go for investing, you can use Binance.com for easy buying and selling of all kinds of cryptocurrencies.

Remember, investing in cryptocurrencies is a high risk, so though you may get returns on your investment if the price of the coin/token goes high after you buy it, the possibility of it dropping is always there too.

salad daging

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This is like help for beginners so better move to this board Beginners and Help.

Quote from: soap94 on March 20, 2023, 08:27:51 AM

Hello friends, I really wanna start investing and using crypto on daily basis Please let me know what are the best ways to do it? Where should I start? Thanks a lot in advance!

Do you mean using crypto every day is making transactions for swaps, bridges, or other types of transactions? If so then it's better to use a non-custodial wallet it will be simpler that makes frequent transactions.

If it's about the best platform to start investing maybe you can choose Binance platform and need to pass KYC to be able to buy bitcoin or other types of crypto, after that you can withdraw to holding wallet or hardware wallet if you have one.

sheenshane

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Quote from: soap94 on March 20, 2023, 08:27:51 AM

Hello friends, I really wanna start investing and using crypto on daily basis Please let me know what are the best ways to do it? Where should I start? Thanks a lot in advance!

Please elaborate more, people here are confused about your question.

It depends on which country you are in and if Bitcoin in your place was fully regulated or announced by the government as a legal tender.
You can't use Bitcoin on a daily basis because a few are using this and some physical stores didn't accept Bitcoin yet as a payment.
Just try to Google it if what crypto local wallet supports crypto in your place, it could that way, it may help you to use Bitcoin in some merchant's stores but I guarantee not them all. Just like in my place, we have Coins.ph wallet/exchange app which is a centralized app that you can possibly use daily.

As of now, Binance is very popular, using a web or an app could be a much better UI.

decodx

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Quote from: soap94 on March 20, 2023, 08:27:51 AM

Hello friends, I really wanna start investing and using crypto on daily basis Please let me know what are the best ways to do it? Where should I start? Thanks a lot in advance!

I'm a bit confused about your intentions. Are you looking to invest in cryptocurrency or use it as a method of payment? While it's possible to do both, there seems to be a bit of a tradeoff between the two options. Investing in cryptocurrency involves holding onto it for potential future gains, while using it as a form of payment requires spending it now.

Quote from: bitmover on March 20, 2023, 11:32:58 AM

You cannot use crypto in daily basis, there is no place in the world where you can every day buy stuff with crypto.

Don't be so sure about that. It's not a stretch to say that living solely on cryptocurrency is possible, given the increasing number of stores and businesses that now accept it as a form of payment. In fact, I myself have been able to pay for groceries and bills with cryptocurrency. Additionally, with the availability of payment cards that can be topped up with cryptocurrency, it's becoming easier to fully embrace a crypto-based lifestyle.

bitmover

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Quote from: soap94 on March 20, 2023, 08:27:51 AM

Hello friends, I really wanna start investing and using crypto on daily basis Please let me know what are the best ways to do it? Where should I start? Thanks a lot in advance!

You cannot use crypto in daily basis, there is no place in the world where you can every day buy stuff with crypto.

You can trade every day. To do so, just open an account in the biggest exchanges such as Coinbase, Binance , Kraken, Bitstamp, etc...
I would avoid small and new exchanges, as they have higher risk to disappear with your money.

rat03gopoh

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Using crypto every day for what, you own a business? Exchange platforms aren't too flexible as a medium of payment and can charge excessive fees.
At least you state your preferences, using crypto isn't as easy as imagined, especially regarding local legality and of course there are some technical things that you need to learn.

soap94

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Hello friends, I really wanna start investing and using crypto on daily basis Please let me know what are the best ways to do it? Where should I start? Thanks a lot in advance!

Topic: Best platform for crypto exchange - page 2. (Read 227 times)