Exchanges for newbies. Does it exist? - page 5.

BitHodler

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Binance doesn't need to market itself anymore, people everywhere on social media are doing the work for them, and that for free! Cheesy

I too have to recommend Binance as main exchange for crypto trading, while an exchange as Coinbase Pro is a good platform to safely buy the crypto that you want, and has lower fees than Coinbase's regular platform.

Noob exchanges such as Yobit, HitBTC and Cryptopia should be avoided at all cost. They may have a lot of very low valued altcoins listed, but the risk of account closure and fund freezing is too high to consider these good options.

Kemarit

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Quote from: fitzhgu on May 31, 2019, 01:34:38 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's no such thing as 'exchanges for newbies', but there are a lot of 'newbies exchanges'. What I mean is that there are new exchanges popping up in the market that doesn't have any reviews or reputation and that is dangerous exchanges for newbies like you. If I have my own way when I was starting my crypto journey, I wouldn't had traded on those kind of exchanges because I just lost some money on them (pulling some exit scams and lots of customer support issues).

Others have mentioned where you should look for exchanges, so I guess it's time for you to get your hands dirty. You can't go wrong with the top 1-5 exchanges right now. And another tip, read their TOS (Terms of Service), specially about the withdrawals, because usually, newbie complains about withdrawals are the most questioned, if I'm not mistaken.

Mahanton

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Quote from: fitzhgu on May 31, 2019, 01:34:38 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

Completely 0% Knowledge with Trading? If yes then don't rush up on jumping on it but rather do some research and do read up the basics. Try Babypips.com

For exchange matters,then always choose the top tier ones.If you do able to read up on what I have given then any platform would be easily understand of yours since
you do know the terms.

rizkyhiw

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Actually, everyone has the right to choose the exchange of their preferences according to one's level of comfort, basically, not playing in exchanges that are very new or not used by others because of that very high risk for you by not having good anticipation when things happen things you don't want, then say Binance, a very well-known exchange with high trading volumes that at least gives confidence to everyone with the risk of losing money that you have is very minimal with a security system that is supported by yourself.

KlepZ

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Binance. Binance exchange now needs no introduction as it has been ruling the crypto market for months.
This exchange is good for beginners/newbies and advanced users alike. They also have an inbuilt option in their UI to switch between the two modes, a feature that makes their UI very user-friendly.
Also, you will never face a liquidity issue while using Binance because it constantly ranks in top 5 exchanges on CMC by volume.

LimLims

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1xbit.com

Quote from: fitzhgu on May 31, 2019, 01:34:38 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

For a Newbie,
First of all i will suggest you to understand How a exchange and trading works.
Secondly before signing up in any exchange, i would recommend you to read the terms and conditions.
If possible do check all the features of the site. Like withdrawl fees etc.
And at last trade wisely.
The Best option would be BINANCE, according to me.

bristlefront

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Quote from: firsTW on May 31, 2019, 02:36:25 AM

I would advise beginners to use only decentralized exchanges for security reasons. There you can be sure that the exchange does not control your funds and does not have access to your personal wallet. You do not create an account on the exchange, just deposit money on a smart contract. Because trade is managed by smart contract sellers, and buyers can trade peer-to-peer, without intermediaries.

Isn't it bad for newbies to trade on decentralized? As far as I know on etherdelta every action you made has a charge. Aside from those is that newbies may accidentally buys a shitcoins that they cant reverse anymore. Since you are a newbie please read threads that talks about decentralized exchanges are not for newbie traders. That threads are almost a yearly old ones.

Distinctin

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Quote from: BlackFor3st on May 31, 2019, 01:40:55 AM

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.

Only I can suggest to OP is that, choose only to make a try, not of trolling them all. Though they are of different exchanges but the process from deposit, trading and withdrawal will all just the same, there is only difference of the buying price and market volume.
Anyway, there is a time to explore and to find exchanges that brought us more profits and also we feel comfortable of using it.

CryptoLing

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It depends on your need, as newbies what do you want? If you want a decent coin with a good history you could go Bittrex, Poloniex, Coinbase and Binance. Study first before you input your money to those exchange, I would suggest to avoid Bitmex if you are still newbie.

traderethereum

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Quote from: fitzhgu on May 31, 2019, 01:34:38 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

You can choose so many good exchanges like Binance, Bittrex, Poloniex, Kucoin, Bitmex, and others to start trading.
But every exchange has their own rules that you should obey and mostly, the exchanges need their members to fill KYC which many of us don't like it.
If you are fine with KYC, then you can choose that site, but if you don't like KYC, then you can choose Binance.
As long as you have skills in trading, you can choose any of exchange to trade.

iMark

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Quote from: bestcoins1 on May 31, 2019, 02:19:58 AM

Quote from: fitzhgu on May 31, 2019, 01:34:38 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's be same those of exchanger. but you need to learn about how to trading as well and deal. just read a reference as basic then you'll go for trading your money then profits.

Right, don't be in a hurry to enter an exchange, it's good if you learn about crypto basics, understand price changes, trading strategies and many others things. then after that you can try trade in exchanges, there is no special exchange for newbies dude, so you can choose which one you like, the most important thing is to use small capital first

CryptoBry

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Quote from: fitzhgu on May 31, 2019, 01:34:38 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

All cryptocurrency exchanges are actually accepting new bloods into their platform. Maybe you are looking for an exchange that is more user-friendly and easy to navigate compared with others in the same marketplace. For starters, you can go with Binance, Kucoin, Bittrex, and other popular choices but you must avoid HitBTC and Yobit as they can be problematic at times. Always be careful when you are still new in this industry and be careful not be a victim of phishing (always check the URL of the site you are visiting so it is not a fake one).

slaman29

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Quote from: ballexplorer on May 31, 2019, 02:30:48 AM

No matter which exchange you choose, always remember that you should not park too many coins there.
The reason: your coins are on this market and you have no more private key for your coins. If the stock market is hacked or closed, you can no longer dispose of your coins.
There are enough examples of this.

You shouldn't park ANY coins period.

Exchanges are meant for you to exchange coins. If you're a full time trader, then sure, you've got no choice. But if you're just interested in making a trade once and want to hold, then never park coins there.

You always think you could risk it but the exchange gets hacked eventually or exit scams or whatever and you're out. Better safe than sorry.

Dingdongjl

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You will also need to consider the fee's in choosing a platform to trade, some exchange have extremely high fees.

pushups44

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Quote from: LogitechMouse on May 31, 2019, 03:48:36 AM

Quote from: fitzhgu on May 31, 2019, 01:34:38 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

I don't think that there is such thing called as "Exchanges for newbies" because all of the exchanges are for newbies and at the same time for the pros.

It will depend on the trader himself if how knowledgable he is with it regards to trading that is why most traders here always advice that before you trade, gather some information that can help you in order to become a successful trader.

I agree. There is no such thing as an exchange for newbies - well, Coinbase comes close, due to its baby steps approach - so the focus should be on security. Newbies should learn first and foremost how to secure their crypto. So, again, newbies need to learn about which exchanges are the most reputable and secure. I listed a few above.

pushups44

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Quote from: fitzhgu on May 31, 2019, 01:34:38 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

Coinbase is absolute training wheels for newbies to purchase bitcoin and other cryptos with a debit card, though its fees may be too high for trading. Binance, Bittrex, Poloniex, KuCoin, and Bibox are reputable exchanges for newbies. I have not tried others.

markstivn98

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Quote from: fitzhgu on May 31, 2019, 01:34:38 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 are a lot of good trading sites, but I do not advise you to do so now, They need to experience otherwise you will lose your money.

LogitechMouse

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Quote from: fitzhgu on May 31, 2019, 01:34:38 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

I don't think that there is such thing called as "Exchanges for newbies" because all of the exchanges are for newbies and at the same time for the pros.

It will depend on the trader himself if how knowledgable he is with it regards to trading that is why most traders here always advice that before you trade, gather some information that can help you in order to become a successful trader.

xvids

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Quote from: fitzhgu on May 31, 2019, 01:34:38 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 that like that all exchange could be used by newbie,amateur and professional.
How ever if you like you could use a simulator to enhance your trading skill's without even risking your money.
It is better to start with a simulator first since you are just new instead of jumping into trading without a proper knowledge about it.

TopTort777

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If you have much free time, you could try crex24 exchange, play with its faucet and get your first coins/tokens.
Then switch to trading and try to earn atleast something. When you feel yourself being ready for investing own money, go with exchange with lower fees, high trading volumes and lots of trading pairs.

Topic: Exchanges for newbies. Does it exist? - page 5. (Read 1036 times)