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Topic: The best trading platform for beginners? - page 2. (Read 1051 times)

full member
Activity: 1638
Merit: 122
September 28, 2020, 08:54:06 AM
#64
Ah so your not a newbie on trading but you are more than a pro because you tested a number of exchanges and most of these are trusted and some are classics . Your not the one that is asking but this can still be a good reference to a newbie trader if which exchange is newbie friendly .

I agree on binance and kuckoin when I was starting I did research and end on those two and I was satisfied. I have not tried bitfinex yet tho
hero member
Activity: 2534
Merit: 605
September 28, 2020, 08:39:53 AM
#63
For a "newbie" I could totally suggest the test places, doesn't matter which one since you are not really spending any money but if you could go to test exchange places and they will give you some fake money, like "here is 10 thousand dollars" or whatever and they will tell you to go and make trades with that, obviously you will buy and sell there with fake money but the price changes of the coins will be the real deal, so if bitcoin in real life goes from $10k to $11k you will see it changed in the test exchange as well.
These days lots of platforms started accommodating traders in demo mode like how gambling houses are doing the same for years. Probably the number of exchanges which are providing  demo mode is very less in crypto space but all forex+crypto exchanges are always coming up with demo mode. For beginners demo accounts are always handy whereas I guess this topic is not just about practicing but about experiencing the real heat of market for relatively new traders. So, only demo mode suggestion will not meet the goal of this topic.

In my personal opinion, binance and kucoin are the best for trading.
Yeah, but all reputed exchanges are good to go with all beginners. Except the level of trading engine's speed and for the concern of less congestion while executing orders, I am also suggesting to go with top level exchanges. After binance and kucoin, I recommend bittrex(KYC is mandatory).
legendary
Activity: 2268
Merit: 1655
To the Moon
September 27, 2020, 01:24:01 PM
#62
In my personal opinion, binance and kucoin are the best for trading. Both are best for user friendly, security and support. Fees and all other elements are bearable to traders.

Yes, indeed, both of these exchanges were hacked by hackers. This may indicate that the employees of these exchanges did not adhere to the basic requirements for storing cryptocurrency. If the cryptocurrency was stored on cold wallets, no hackers would be able to steal it from the exchange. The positive thing for users is that Binance returned the stolen funds to its customers, and Kucoin has already stated that all losses will be compensated.
hero member
Activity: 823
Merit: 500
SquidCoin.cash
September 27, 2020, 06:50:45 AM
#61
I picked Kucoin among them the best trading platform for beginners. KuCoin is a leading cryptocurrency exchange for good reason. Their asset offerings, fees, and UI design make KuCoin a great option for trading crypto for beginners .Kucoin is very easy to use having great security. Binance is also good platform for beginners.
But the worst trading platform to me among them is Hitbtc.
full member
Activity: 562
Merit: 100
September 26, 2020, 01:15:11 PM
#60
In my personal opinion, binance and kucoin are the best for trading. Both are best for user friendly, security and support. Fees and all other elements are bearable to traders.
newbie
Activity: 63
Merit: 0
September 26, 2020, 12:05:25 PM
#59
tested KuCoin, Bitstamp and cex.io. all good, but since now i need to deposit and withdraw with plastic cards, I use mostly cex.io 
legendary
Activity: 2338
Merit: 1124
September 18, 2020, 08:37:40 AM
#58
For a "newbie" I could totally suggest the test places, doesn't matter which one since you are not really spending any money but if you could go to test exchange places and they will give you some fake money, like "here is 10 thousand dollars" or whatever and they will tell you to go and make trades with that, obviously you will buy and sell there with fake money but the price changes of the coins will be the real deal, so if bitcoin in real life goes from $10k to $11k you will see it changed in the test exchange as well.

This means while using fake money you will use and test real trading as well. That is the best way to start for a newbie, a real newbie, only after that if you are really good you could end up with making real trades in a real exchange of your choice.
sr. member
Activity: 980
Merit: 260
September 16, 2020, 12:54:39 PM
#57
I'll go with Binance, KuCoin, BitFinex tandem although I didn't yet tried to use BitFinex but on the second choice which is the Poloniex, Bittrex, Kraken is the Kraken is also I didn't yet tried to use.
I am really comfortable using the Binance especially before and Kucoin too, they got mobile applications for android and IOS which some beginners are starting to explore trading by their only on their mobile phones, they may find it comfortable at first.

I also side with this statement to a certain extent, and in the sense that I regard Binance as a good platform. Similar to this, KuCoin is also easy to use and I found that the feature of having multiple charts in the same window is super helpful as you can have just 1 tab open and can easily switch between coins rather than having individual tabs for each coin. Poloniex is also good but I hate how quickly it signs you out like 5 mins or so - pretty stupid but other than this the exchange is good.
member
Activity: 252
Merit: 11
September 16, 2020, 12:46:37 PM
#56
There is always competition when it comes to trading to survive in a competitive market you need to know the market well. Traders usually trade more on low fee exchanges and the demand for these is much higher it is better to trade in newcomers but you have to learn trading first. Binance is a great place to trade trading fees are low and the best among other exchange sites newcomers are less at risk later.
legendary
Activity: 2716
Merit: 1225
Once a man, twice a child!
September 16, 2020, 10:48:22 AM
#55
It used to be Poloniex and Coinexchange for me as a beginner in 2017 until Binance took the crown from them in 2018 or so. I liked the ease of navigation on those two sites but CZ Binance brought something topnotch to Binance and it took the shine off them. Kucoin is just a Xerox of Binance. However, the current Binance site isn't that beginner friendly I must say. There are so many works, trading, staking, exchange, spot and derivatives kind of stuff going on there that easily confuse a noob. For instance, one clicks on trade and the options are various. Those early days of Binance a click on trade would only display just one option of buy and sell.  But not now any more. I think the Binance team should just tone down a bit on many products their rush to the market.
hero member
Activity: 2744
Merit: 541
Campaign Management?"Hhampuz" is the Man
September 16, 2020, 09:06:23 AM
#54
As expected, the poll results have shown Binance, KuCoin and BitFinex to be the best trading platforms for beginners. And I completely agree
with the poll results, Based on my trading experience so far these three exchanges are very easy to use for beginners. Especially for the Binance
exchange, there are many trading features that make it easier for users to trade. It's no wonder Binance is the best exchanges until now.
For the Beginners they must experience the Best and safe thats why those Big 3 exchange is top in the list.
For all of us who uses those exchange can answer this easily right?because what we all need is to be safer and has a lot of option to trade without manipulation.
Binance exchange is good trading platform for beginners because here you can find good liquidity and easy to use plateform. But sometimes binance is also working as a stealing money from their customers. When btc price is moving fast then sometimes its stop working and traders can't able to put stop loss or close their trade and get liquidate their fund. So it's also important to prepare yourself for this kind of situation.
binance with Free trading bot so beginners can enjoy unlimited practices.
hero member
Activity: 3164
Merit: 675
www.Crypto.Games: Multiple coins, multiple games
September 16, 2020, 07:35:13 AM
#53
Definitely the first option. We are talking about the biggest exchanges in the crypto world and to discuss that means that you are discussing peoples choices as peoples choices, how could you do that? People already chose those exchanges which is why they have the highest volumes, which means to talk about what people chose already as what people would prefer would be idiotic.

You can't know what people prefer better than those people, they know their own choices and they have already made it known. Obviously I could say that bittrex could be there as well to add to those ones, but if you remove it I wouldn't say anything neither because that list is perfect. Any list that has binance would bound to win anyway, if you made it individual I would say binance.
legendary
Activity: 2996
Merit: 1132
Leading Crypto Sports Betting & Casino Platform
September 16, 2020, 01:53:40 AM
#52
The exchanges you tagged as average can be someone else’s favourite exchange , it all depends what you’re looking for . For exchanges it’s always like a competition and they are trying to do things that are going to help attract more traders or users to make use of their platform, it can be that they are offering trading with very low fees, and for some, they are providing an interface that is really good and attractive, but their fees will be high. They all differs, there are lots of ways that they are better than each other, so once you have tried them out, you will be able to determine what’s better for you.
member
Activity: 1204
Merit: 38
September 16, 2020, 12:42:05 AM
#51
As expected, the poll results have shown Binance, KuCoin and BitFinex to be the best trading platforms for beginners. And I completely agree
with the poll results, Based on my trading experience so far these three exchanges are very easy to use for beginners. Especially for the Binance
exchange, there are many trading features that make it easier for users to trade. It's no wonder Binance is the best exchanges until now.
Binance maybe the best exchange but still we don't have to rely on single exchange to avoid monopoly/centralization on crypto field because we never know how they will change in the future if there is no competitors for then. And coinbase can also be considered as good exchange but not the best due to poor support of high fees compared to others.
full member
Activity: 1190
Merit: 117
September 15, 2020, 06:04:03 PM
#50
As expected, the poll results have shown Binance, KuCoin and BitFinex to be the best trading platforms for beginners. And I completely agree
with the poll results, Based on my trading experience so far these three exchanges are very easy to use for beginners. Especially for the Binance
exchange, there are many trading features that make it easier for users to trade. It's no wonder Binance is the best exchanges until now.
full member
Activity: 784
Merit: 135
DeFixy.com - The future of Decentralization
September 15, 2020, 03:01:21 PM
#49
Your objective is good but can you take down the difference too to enlighten other members why do you choose those exchanges.

In getting bias I recommended to the binance because they have a lot of features and faster transactions.

Also, they have different types of exchange and trading too so I like this also they have a good market volume.

With the use of their website and application, you can usually visit your trades, buy and sell this may help you a lot for being convenient.
Yes, as a newbie, who went to this section of the forum to learn which platform is good and convenient for beginners, it would definitely be informative and helpful if he stated the pros and cons of each different platform. Also, In stock trading platform they have this features called "Shorting". Does one of these platforms also offer this feature?
hero member
Activity: 2562
Merit: 586
September 15, 2020, 01:14:47 PM
#48
Beginners do not really have to pick a place that is best for them, they have to pick what is best for everyone as well. If you are a newbie, pick a place that is trustworthy and people love, that is all you can care about and that is all you can work for, there is nothing else that could make you go berzerk or anything.

However it is not something that will help you out forever, you could change it time to time, I have been around for a long time and have used probably tens of exchanges so far, but for the start you have to pick a place that everyone uses so that you know you are not doing anything wrong. This will go on until you feel more comfortable and start to invest or trade smaller coins that only exists in few places, which will result with you using many exchanges.
sr. member
Activity: 1554
Merit: 334
September 15, 2020, 05:59:54 AM
#47
Just like most of the comments they go chose to trade on Binance which I do as well. I am now currently trading on Binance and things work well I'd say. The volume was in great shape and everything so I would really recommend this for beginners. Usually, I only trade on reputable exchanges and stay away from those who gain negative feedbacks as possible. So there you have it, for newbies just go for reputable exchanges and everything will be fine.
newbie
Activity: 48
Merit: 0
September 15, 2020, 05:09:42 AM
#46
I don't recommend just choosing an exchange from this list and trading on it. You need to register on the cryptocurrency exchanges that you like and study the interface. If the interface is convenient, then you can already proceed to the review of this exchange. By the way, on this page there is an overview of three cryptocurrency exchanges from the author's list.
hero member
Activity: 2688
Merit: 588
September 14, 2020, 11:16:37 AM
#45
Seems like you’re more into centralized exchanges and you have not tried the exchanges that are decentralized.
There are still many of them out there that you have not tried yet.

From this list you have made here, I would say that Coinbase/Coinbase Pro is the best exchange and one thing I like about them is that they have a user interface that is extremely simple, even as a newbie back when I started making use of their exchange I was able to understand everything easily, and they are offering wide variety of altcoins, although when it comes to altcoins Binance is offering more of that, so I’d say of you’re more into altcoins, Binance will be a good choice or you can use the both of them.
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