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Topic: Exchanges for newbies. Does it exist? (Read 1053 times)

member
Activity: 201
Merit: 11
June 30, 2019, 03:57:30 AM
There's a lot exchange platform that you can use, for a newbie you should learn first how to trade. For exchange platform i sugget you to use Binance, its simple, user friendly and a lot of trader using this platform.
binance is trusted by most traders, so security in binance will be more maintained. although binance was recently hacked, there are still many loyal customers. and many predict that binary coins will become the next bitcoin


For an addition, if people afraid about Binance that get hacked before, Bittrex and Poloniex can be alternative. Even new tokens is not much in there but it is simple to use. And for who not try trading yet, it can be an option.


I can only agree with your comments. Binance is actually easy to handle. Even though recently the "hack" happened !! This can happen at some point of every exchange. That's why there are only a few coins left on the Exchanges.
hero member
Activity: 1932
Merit: 504
June 30, 2019, 03:36:08 AM
There's a lot exchange platform that you can use, for a newbie you should learn first how to trade. For exchange platform i sugget you to use Binance, its simple, user friendly and a lot of trader using this platform.
binance is trusted by most traders, so security in binance will be more maintained. although binance was recently hacked, there are still many loyal customers. and many predict that binary coins will become the next bitcoin


For an addition, if people afraid about Binance that get hacked before, Bittrex and Poloniex can be alternative. Even new tokens is not much in there but it is simple to use. And for who not try trading yet, it can be an option.
legendary
Activity: 2996
Merit: 1054
Leading Crypto Sports Betting & Casino Platform
June 30, 2019, 03:03:16 AM
There's a lot exchange platform that you can use, for a newbie you should learn first how to trade. For exchange platform i sugget you to use Binance, its simple, user friendly and a lot of trader using this platform.
You can learn this things up from reading and watching about this business, never to jumped without good references, exchanges  are there and with knowledge you can use those available channels to learn more and maximize your opportunities around this market.
full member
Activity: 826
Merit: 100
June 30, 2019, 02:28:56 AM
There's a lot exchange platform that you can use, for a newbie you should learn first how to trade. For exchange platform i sugget you to use Binance, its simple, user friendly and a lot of trader using this platform.
binance is trusted by most traders, so security in binance will be more maintained. although binance was recently hacked, there are still many loyal customers. and many predict that binary coins will become the next bitcoin

legendary
Activity: 1778
Merit: 1026
Free WSPU2 Token or real dollars
June 30, 2019, 03:12:15 AM
I know this problem,it is why I propose trading directly on my sites.
I can not assume a general exchange or trading platform.
It is why I allow only with the earning earned on my sites.

Exception will be made for BCRM holders allowed to depose few $cents to give more trade possibilities.
sr. member
Activity: 854
Merit: 251
★777Coin.com★ Fun BTC Casino!
June 30, 2019, 02:57:35 AM
Hello, I'm a newbie for all this crypto stuff, but I have some extra money and I'd like to tr trading. Could u please recommend me some exchanges for newbies? And I'd also appreciate your advice. Thank u
There is no such thing as exchange for newbies you could just use the trusted exchanges .
But if you are asking for a site that you could use to enhance your trading skills before risking your money then try to search for a simulator it is the best for newbies.
sr. member
Activity: 1624
Merit: 267
June 30, 2019, 02:15:48 AM
Binance you can see there newbie and expert trader this exchange is open for the people who are willing to trade like you.
Careful in choosing exchanger because they have exchanger who scam and they want to get only your KYC so if you picking choose the best exchanges and that is Binance and even you asking each of everyone about this exchange they will recommend to you.
full member
Activity: 840
Merit: 100
June 30, 2019, 01:59:58 AM
There's a lot exchange platform that you can use, for a newbie you should learn first how to trade. For exchange platform i sugget you to use Binance, its simple, user friendly and a lot of trader using this platform.
full member
Activity: 460
Merit: 100
June 27, 2019, 05:02:49 PM
Hello, I'm a newbie for all this crypto stuff, but I have some extra money and I'd like to tr trading. Could u please recommend me some exchanges for newbies? And I'd also appreciate your advice. Thank u

I think all exchanges site is allow you to used no matter you're newbie or whatever, as long as you understand how the market goes on. And before buying any sort of token or alts, you should make a research to its history to make you able to know how its value goes,to determine its all time high and its very low value.
hero member
Activity: 994
Merit: 502
June 27, 2019, 04:49:33 PM
Hello, I'm a newbie for all this crypto stuff, but I have some extra money and I'd like to tr trading. Could u please recommend me some exchanges for newbies? And I'd also appreciate your advice. Thank u
Specially for newbies there are no exchanges and it would be strange if they existed  Grin. But there are exchanges where you can quickly and easily figure it out. In my opinion one of the most convenient is Binance. Also quite comfortable is the Poloniex. The interfaces on these exchanges are friendly, so it’s easy for you to understand what you have to do. In general, everything is quite simple. You need to enter the real exchange site (beware of phishing sites), create an account, go through verification and be sure to enable two-factor authentication. After that, you can transfer a small amount of money for practice. Before you transfer money to your account, make sure that you use the address for the currency that you transfer, and also pay attention to the fact that there is a minimum amount of transfer. Don't transfer the amount less than the specified.
hero member
Activity: 2968
Merit: 687
June 27, 2019, 02:42:10 PM
Why would exchanges only make themselves available for professionals? Almost every exchange now caters to both classes. If you see Bittrex and Binance for example, they even have a basic version and an advanced version. Basic is for newbies I guess, advanced is for those with experience and who know how to use all the charts and additional information.
I totally do not see anything wrong in that, there is always class in everything and it what the system automatically requires, it is just like you saying they should keep basic 1 student and basic 6 student in the same class simply because we call it school. It will be impossible for a basic 1 student to understand what is being done in basic 6 because their brain will not be able too comprehend it.

This is the same thing that happens in in the trading market too, we have newbie and we have pro, when it comes to chart, we generally have simple chart and advanced chart, advanced chart will be too much for a newbie to comprehend, so it is very necessary they make it easy for them by differentiating it.
This is how they do differ and its already a standard thing for exchangers to have these options because not all do start to be a pro.
They do need to cater all the things which signifies that this is a good platform to trade on yet it do adjust on what you do need.
jr. member
Activity: 80
Merit: 1
June 27, 2019, 07:51:26 AM
Quick research will show you various reviews or tops on your matter. For example, this article from BestBitcoinExchange, https://www.bestbitcoinexchange.net/for-beginners/, highlights such well-known websites like Coinbase, CEX, and Coinmama. And I'd agree with such a list. Earlier I used Coinbase and Coinmama when I was a newbie, and then switched to CEX. I chose CEX as it allows buying cryptos like XML with USD (https://cex.io/xlm-usd) or EUR. And I liked its interface, it is friendly enough and comprehensible. So, I decided to stick to it. And I hope this info will help you somehow.
legendary
Activity: 3024
Merit: 1132
Leading Crypto Sports Betting & Casino Platform
June 12, 2019, 06:46:14 AM
Why would exchanges only make themselves available for professionals? Almost every exchange now caters to both classes. If you see Bittrex and Binance for example, they even have a basic version and an advanced version. Basic is for newbies I guess, advanced is for those with experience and who know how to use all the charts and additional information.
I totally do not see anything wrong in that, there is always class in everything and it what the system automatically requires, it is just like you saying they should keep basic 1 student and basic 6 student in the same class simply because we call it school. It will be impossible for a basic 1 student to understand what is being done in basic 6 because their brain will not be able too comprehend it.

This is the same thing that happens in in the trading market too, we have newbie and we have pro, when it comes to chart, we generally have simple chart and advanced chart, advanced chart will be too much for a newbie to comprehend, so it is very necessary they make it easy for them by differentiating it.
hero member
Activity: 1092
Merit: 501
June 11, 2019, 04:29:17 AM
There is no such thing exist. Peeps said that top 5 exchanges are "safe" but once you trade there it's not what you may have imagined.
Just do more trade, at least once you fail, you will know what to do to not fall at the same hole. I mean, only sticking to the safe side might be dumb especially when you are experiencing issues like dump and shit.
I think there are some good exchanges out there and you could easily register on the exchange and can trade and speculate etc. You do not need some particular exchange for newbies and this sounds a bit absurd as well. I heard about an exchange that can train the newbies for trading in the real crypto market and this is often recommended as well for gaining experience.
legendary
Activity: 3346
Merit: 1191
June 10, 2019, 03:14:55 PM
#99
Almost all exchanges offer basic and advanced trading, about margin trading don`t even think before you learn more about basic trading. Once you learn how to make an order you will see that everywhere process is the same, just interface is different.
Newbies, like newbies in everything, should start with small amounts, amount that you can afford to lose. It`s how you start with learning, how you find out about possible risks and gains.
legendary
Activity: 1526
Merit: 1179
June 10, 2019, 01:47:49 PM
#98
There is no such thing exist. Peeps said that top 5 exchanges are "safe" but once you trade there it's not what you may have imagined.
I do agree here. My exchange experience might be completely different from your exchange experience, especially when you dig into low value altcoins that I haven't played with.

Considering that most people purposely look for shitcoins, they are more likely going to face problems because of wallet maintenance and whatnot, and we have seen that withdrawals might not be allowed for weeks straight.

Nowadays we also have exchanges blocking accounts based on your withdrawals and usage activity. I may not run into a problem for years while a close friend of mine might have his account blocked the next day.
full member
Activity: 700
Merit: 101
BBOD Trading Platform
June 10, 2019, 11:03:09 AM
#97
For sure, you should try trading on exchangers that provide training versions, so you can learn a lot about trading techniques and practices on the simulation menu before you start the actual trade.
legendary
Activity: 1624
Merit: 1130
Bitcoin FTW!
June 10, 2019, 09:04:49 AM
#96
Some/most of the larger newbie-oriented exchange sites like Coinbase charge higher fees than their conventional crypto exchange counterparts like Coinbase Pro or Bitstamp. If you're a newbie it's just a better use of your time to familiarize yourself with the UIs of larger exchanges and just use those exchanges. It might take some time and you might not feel comfortable using every function and button on the exchange initially, but it'll be worth it.

For testing out sites, most exchanges allow you to either use a demo account to try things out or you can sign up for an account and just view the exchange you plan on using without depositing anything. I would highly suggest not trading until you fully understand how to fully utilize the exchange you've chosen to use.
hero member
Activity: 2912
Merit: 526
Reward: 10M Shen (Approx. 5000 BNB) Bounty
June 10, 2019, 08:26:15 AM
#95
There is no such thing exist. Peeps said that top 5 exchanges are "safe" but once you trade there it's not what you may have imagined.
Just do more trade, at least once you fail, you will know what to do to not fall at the same hole. I mean, only sticking to the safe side might be dumb especially when you are experiencing issues like dump and shit.
legendary
Activity: 2534
Merit: 1397
June 10, 2019, 05:10:07 AM
#94
For safely trading it's better that you should join the top 5 exchanges so you can assure that your funds will not be frozen in case you will need it anytime.
https://coinmarketcap.com/exchanges/volume/24-hour/
You can follow that link and find the best exchange that you like especially those with smooth interface that you can easily trade.
As newbie on trading the first one should be important is the interface of particular exchanges, such as how they work, are x exchange is friendly user? easy to use? But as advice to newbies out there, you should also consider the trading volume, just like what BlackFor3st said.
You can use the given link above to also check which exchange has huge trading volume and that will lead you to choose a good exchange.

Since Binance is much popular now and has also a good volume, I can advice to also use this exchange since they have already mobile application while other exchange don't have. Try to browse this page of Binance Academy which has tutorial about trading and also about how to use the Binance Exchange : Tutorials | Binance Academy
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