When I am new to things like this and maybe I’m looking for a good exchange to make use of, I first start with the big names. So, if you’re looking for a good exchange that you can make use of, I would say that you should start with the big names in the Blockchain and crypto industry. Talking about exchanges, the top exchanges, we have Coinbase, Binance, Kraken, Bittrex, Bitfinance, and other top exchanges.
I will recommend that you start with Coinbase, it is very easy and you will quickly get the hang of it. When you start to advance your skills you can then start checking out other top exchanges like Binance and the others I have mentioned or any other exchange you come across and feel you like. As for now, you have to be playing it safe and use the safe exchanges.
Topic: Difficulty choosing a trading platform - page 3. (Read 668 times)
Hello to all users.
I am new to crypto trading, but I want to discover this new world, and therefore it is very important for me to consult with experienced people.
Tell me please which platforms would you recommend to me? Those that would be easy to use.
What is important in your opinion when choosing a platform for yourself? What is worth paying attention to?
Crypto to crypto/Crypto to fiat/ p2p/ centralized/ decentralized there are the types of trading platforms available so let us clear more about what you are looking for.If it is normal crypto to crypto then exchange like Binance,Okex,Kucoin are great for anyone since they got more reputation. I am new to crypto trading, but I want to discover this new world, and therefore it is very important for me to consult with experienced people.
Tell me please which platforms would you recommend to me? Those that would be easy to use.
What is important in your opinion when choosing a platform for yourself? What is worth paying attention to?
You should probably check first the tutorials in Youtube on how to trade in certain exchanges like Binance, as it is a good and reputated exchange to trade at. Just be careful to not spend for tutorial courses if you're not really committed to one, because I've seen quite plenty of Youtubers offering those.
Make a new account already in Binance, and worry about the other exchanges later on when you're starting to get hang of it.
Make a new account already in Binance, and worry about the other exchanges later on when you're starting to get hang of it.
Since a lot of members here already gave you tips about a trading platform I'm just here to remind you that having the perfect choice for a crypto exchange won't guarantee you profits. Instead of concentrating what trading platform to make I would rather choose to study about technical analysis and the prospective cryptocurrencies I'll plan to buy. A lot of newbies lost a lot of their money when they enter the market without any knowledge about trading or investing so it's their mistake on rushing in the market too quickly.
That's correct! Having a good trading platform is just a plus on your trading experience, Having a good platform can give you such good experiences but it's not certain that you will earn or will win the trades you are doing. Being prepared on the platform you are entering is one of the essentials of trading. Having required knowledge, starting capital and a good amount of trust in yourself is enough to have good trading experience in a good trading platform.
Since a lot of members here already gave you tips about a trading platform I'm just here to remind you that having the perfect choice for a crypto exchange won't guarantee you profits. Instead of concentrating what trading platform to make I would rather choose to study about technical analysis and the prospective cryptocurrencies I'll plan to buy. A lot of newbies lost a lot of their money when they enter the market without any knowledge about trading or investing so it's their mistake on rushing in the market too quickly.
Well, that depends on what you want to do with the trading, if it is fiat to btc, if it is fiat to altcoin, if it is btc to altcoin, if it is leverage, if it is margin. I mean there are many methods of trading that you can do if you want to and all of them are very different from each other.
I would say binance is clearly the best trading platform, right now they are mainly doing usdt-btc-alts so right now if you want to deal with fiat you can't really use binance but if all you want is bitcoin to altcoin pairs then I would highly suggest binance, they are basically cornering the whole market nowadays, even with all other exchanges growing so big, binance just keeps on starting something new and new all the time to keep growing to gather more people to their website.
I would say binance is clearly the best trading platform, right now they are mainly doing usdt-btc-alts so right now if you want to deal with fiat you can't really use binance but if all you want is bitcoin to altcoin pairs then I would highly suggest binance, they are basically cornering the whole market nowadays, even with all other exchanges growing so big, binance just keeps on starting something new and new all the time to keep growing to gather more people to their website.
Talking with good platform trying for beginner maybe exchange market available with many altcoin kind listed on their exchange market like Binance, Huobi and bittrex, but you must ready your account with KYC data. Don't worry all your document submit will be safety with trusted exchange market and never doing the same way with bad and shit exchange for giving your document ID.
It's quite important to choose the best exchange at the beginning of trading. Most important thing is how a exchange safe for you and which exchange is familiar with your jurisdictions since there is an issue with KYC procedure. On the other hand those exchange have higher volumes you may trade their quite fast due to demand of buy/sell. Most likely you may choose Binance at the beginning, it's quite safe and you may use without KYC although there is withdrawal limits of 2 bitcoin per day. Don't be crazy during trade and don't fall in FOMO. Just learn first with patience.
Also here's my recommendation: Bybit and Phemex i think they're the best ones out there.
Can you please explain briefly how these two exchanges are better? I think they don't have enough reputation till now and volume isn't much higher as well. Before recommendation you should describe some more reasons. Most of the users who doesn't have issues with privacy and submitting KYC documents are often choosing Binance where it has everything from reputation to liquidity. You can never go wrong when more than half of the traders are suggesting Binance. If value privacy there are also tons of DEX to choose from but you will eventually try the centralize one if you are into trading.
Hello to all users.
I am new to crypto trading, but I want to discover this new world, and therefore it is very important for me to consult with experienced people.
Tell me please which platforms would you recommend to me? Those that would be easy to use.
What is important in your opinion when choosing a platform for yourself? What is worth paying attention to?
I am new to crypto trading, but I want to discover this new world, and therefore it is very important for me to consult with experienced people.
Tell me please which platforms would you recommend to me? Those that would be easy to use.
What is important in your opinion when choosing a platform for yourself? What is worth paying attention to?
Go with Binance!
Its noob friendly yet you can toggle between basic or advance user when it comes to interface and also they do have 2BTC limit/day for unverified accounts which is
already a good thing for most people. I do saw that youre a total noob on crypto trading and i do want to ask if you do start from zero or already had some ideas to trade
on other markets? If not then better start with the basic and just dont dive into the waters without any proper preparation because you are just basically
burning your money.
Babypips.com would be a great help.
Hello to all users.
I am new to crypto trading, but I want to discover this new world, and therefore it is very important for me to consult with experienced people.
Tell me please which platforms would you recommend to me? Those that would be easy to use.
What is important in your opinion when choosing a platform for yourself? What is worth paying attention to?
I am new to crypto trading, but I want to discover this new world, and therefore it is very important for me to consult with experienced people.
Tell me please which platforms would you recommend to me? Those that would be easy to use.
What is important in your opinion when choosing a platform for yourself? What is worth paying attention to?
you can see the top Cryptocurrencies Exchange Ranking by Trust Score https://www.coingecko.com/en/exchanges
im preffer to binance because they have good reputation from long time..
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
I recommend you to try Binance as many people here use Binance too.
How to choose the right platform? Hm, it's not quite easy because the first thing is you need to feel it. Let me give an example, if you are comfortable to trade in Binance, you will still use the platform no matter if that exchange needs KYC for their members, they have a high fee in withdrawal or trade's fee. But when you don't feel comfortable, you will move and search for the other exchange. So feel it, and if it's necessary, you can try to register one by one on the exchange so you can have the experience from each exchange. It's something that cannot tell with the words.
You have so many recommended exchanges list like Binance, Okex, Poloniex, Bittrex, Bitex, Bybit, and else. But you need to find by yourself which exchange that can make you comfortable to trade.
How to choose the right platform? Hm, it's not quite easy because the first thing is you need to feel it. Let me give an example, if you are comfortable to trade in Binance, you will still use the platform no matter if that exchange needs KYC for their members, they have a high fee in withdrawal or trade's fee. But when you don't feel comfortable, you will move and search for the other exchange. So feel it, and if it's necessary, you can try to register one by one on the exchange so you can have the experience from each exchange. It's something that cannot tell with the words.
You have so many recommended exchanges list like Binance, Okex, Poloniex, Bittrex, Bitex, Bybit, and else. But you need to find by yourself which exchange that can make you comfortable to trade.
One of my basis for choosing a trading site, is it must be trustworthy to make sure they wont run with my funds. So i do some background research if the exchange has twitter if the founder exist, good reviews and smooth and not laggy experience and it has good customer service. Because most of the exchanges right now, doesn't really care about their customers well being.
Also here's my recommendation: Bybit and Phemex i think they're the best ones out there.
Also here's my recommendation: Bybit and Phemex i think they're the best ones out there.
Tell me please which platforms would you recommend to me?
There is no one single exchange that could be recommended to everyone. It depends on some factors:
- What country are you in?
- What trading pairs are you planning on trading?
- What kind of deposit do you plan on doing?
If you're trading altcoins, probably Binance or OKEx.
If you're mainly going to trade fiat:BTC or fiat:ETH, then probably Coinbase Pro if it supports the country you're in.
What is important in your opinion when choosing a platform for yourself? What is worth paying attention to?
First point would be the platform's reputation. You don't want to go where there are problems or high delays in handling various issues, including the deposits and withdrawals.
Then the liquidity on the trade pair you want should be at reasonable levels.
The fees - trading and also deposit/withdrawal - are quite important too.
After this I think that's all personal choice. Some prefer the ones where KYC is not needed, for example.
You should also be prepared to see a lot of annoying trading bots wherever you go. In some places they may be more or less annoying, you'll have to look around for yourself.
Hello to all users.
I am new to crypto trading, but I want to discover this new world, and therefore it is very important for me to consult with experienced people.
Tell me please which platforms would you recommend to me? Those that would be easy to use.
What is important in your opinion when choosing a platform for yourself? What is worth paying attention to?
I am new to crypto trading, but I want to discover this new world, and therefore it is very important for me to consult with experienced people.
Tell me please which platforms would you recommend to me? Those that would be easy to use.
What is important in your opinion when choosing a platform for yourself? What is worth paying attention to?
Jump to: