None!
Re: The best trading platform for beginners?
It is the one where you can make your exchange. Where you can make your withdrawal without inconvenience and also deposit.
So: If you Can,
-Deposit
-Trader/exchange
-withdraw
-And is happy.
The OP is somewhat subjective, really only the above must be met and that meets the criteria.
I think the premise should be which exchange has the best fees, does not have KYC, better support and an etecetra so extensive that you realize that the recommendation of a better exchange does not only include newbies, but also experts, or anyone who has made trade, who does not qualify as an expert.
Please! not to go exchange only for the comment of a top list "exchange" Best, you must go because you read the FAQ, or at least you knowr about the conditions of withdrawal, deposit, KYC ...
Topic: The best trading platform for beginners? - page 4. (Read 995 times)
I would recommend you a descentralized exchange rather than centralised one . Remember if you do not own they private key you do not own any coins
Sometimes what you just need is some proof that these exchange is in the idea of taking care of their name for a better and more supporters for the future of their platform. I will prefer to use exchanges that are proven safe wnd atleast able to answer my queries and provide solutions since we will need still easier access to convert in fiat like in Binance who just recently have a direct option in our fiat. It's good to use Dex if we can wait long. It will still based in our preferences in trading. I would recommend you a descentralized exchange rather than centralised one . Remember if you do not own they private key you do not own any coins
Yeah, we love decentralization but we cant avoid the fact that we do still need to rely on centralized exchange specially if you've been dealing with Crypto/Fiat pairs which we know that it isnt possible on a DEX.I would recommend you a descentralized exchange rather than centralised one . Remember if you do not own they private key you do not own any coins
Yeah, we love decentralization but we cant avoid the fact that we do still need to rely on centralized exchange specially if you've been dealing with Crypto/Fiat pairs which we know that it isnt possible on a DEX.Its up to the user though if he would consider such option but i would say that cex platforms arent bad either just be sure you dont store up all of your coins on an exchange wallet.
Best trading platform? Always stick with top ones like Binance.
I would recommend you a descentralized exchange rather than centralised one . Remember if you do not own they private key you do not own any coins
They do deserve it though but I just hope they aren't trying to sabotage themselves with their latest doings. Of recent I saw CZ (founder and current CEO) tweeting and deleting within minutes. Most of what he said assuming majority of the community didn't know such behavior already existed it would hard been a red flag in suggesting this exchange to noobs especially as they would be the traget.
On the info page, Binance praise themselves on how due diligence are done in project before listing and founders are to be known by the binance team but few days back after the $Sushi exit scam by founder it was reviewed by CZ himself that projects like that were only listed so they don't miss out on the traffic. Meaning they can list scams projects just to profit from the traffic coming into the exchange.
Can't help it, afaik, there's always dirt somewhere in every exchange out there imo. Still, it is in comparison with other exchanges plus to be used by newbies, so Binance is a fitting choice, especially with the amount of people that use it, others can easily ask questions about it and can easily be answered due to that. There's still DYOR factors though even after you choose an exchange to use, so I guess they can find out about that dirt after integrating themselves into the exchange. On the info page, Binance praise themselves on how due diligence are done in project before listing and founders are to be known by the binance team but few days back after the $Sushi exit scam by founder it was reviewed by CZ himself that projects like that were only listed so they don't miss out on the traffic. Meaning they can list scams projects just to profit from the traffic coming into the exchange.
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eXch.cx - Automatic crypto Swap Exchange.
When newbies choose a trading platform, they always use reviews on the Internet, because they don't have much experience in this. One way or another, Binance is in great demand and has a stable high authority, as well as on the bitcointalk forum, this cryptocurrency exchange is discussed and responded positively almost everywhere.
They do deserve it though but I just hope they aren't trying to sabotage themselves with their latest doings. Of recent I saw CZ (founder and current CEO) tweeting and deleting within minutes. Most of what he said assuming majority of the community didn't know such behavior already existed it would hard been a red flag in suggesting this exchange to noobs especially as they would be the traget.
On the info page, Binance praise themselves on how due diligence are done in project before listing and founders are to be known by the binance team but few days back after the $Sushi exit scam by founder it was reviewed by CZ himself that projects like that were only listed so they don't miss out on the traffic. Meaning they can list scams projects just to profit from the traffic coming into the exchange.
I started cryptotrading months ago, and I had the chance to test few of the best trading platforms and here is my ratings.
Binance (Excellent)
KuCoin (Excellent)
BitFinex (Excellent)
Poloniex (Satisfactory)
Bittrex (Satisfactory)
Kraken (Satisfactory)
HitBTC (Good)
GDAX (Good)
CEX.io (Good)
BitStamp (Good)
Huobi Pro (Testing)
BitFlyer (Testing)
CoinOne (Testing)
Upbit (Testing)
Bithumb (Not Rated Yet)
OKEx (Not Rated Yet)
Drop the list of your best trading platforms here.
Binance (Excellent)
KuCoin (Excellent)
BitFinex (Excellent)
Poloniex (Satisfactory)
Bittrex (Satisfactory)
Kraken (Satisfactory)
HitBTC (Good)
GDAX (Good)
CEX.io (Good)
BitStamp (Good)
Huobi Pro (Testing)
BitFlyer (Testing)
CoinOne (Testing)
Upbit (Testing)
Bithumb (Not Rated Yet)
OKEx (Not Rated Yet)
Drop the list of your best trading platforms here.
I am pleased with your detailed findings about best trading platforms for newbies, and i believe to my understanding that binance, kucoin, and gate are the most convenient and easy to use exchange platforms because they are self explanatory to a large extent. But this is not an excuse not to further and conduct researches before trading.
Trading is no joke or gamble, always do your own research.
My choice, Binance, KuCoin, and BitFinex... I like these exchanges because I never have a problem using the exchange, all my accounts are complied with the KYC requirement so it does not worry me that anytime my account might be compromise. For beginners, I think both Binance and Kucoin is easier to use, it's user friendly, so I can suggest you to try this, and I think most of us here suggested these 3 exchanges so I like to believe that they have good experience using the exchange.
When newbies choose a trading platform, they always use reviews on the Internet, because they don't have much experience in this. One way or another, Binance is in great demand and has a stable high authority, as well as on the bitcointalk forum, this cryptocurrency exchange is discussed and responded positively almost everywhere. My choice is also binance, and after I used it for the first time, I was convinced of its superiority. One of the main advantages of the Binance trading platform is a good balance and a good degree of security, as well as small commissions. In addition, it was very important for me to get an intuitive interface that is very easy for a beginner to read.
What were the metrics you used in rating all these exchanges that you tested?
My gut feel says that he didn't become so technical on it. Maybe he just based on the combination of his experience and reviews found on the internet. But well, I might still be wrong 
. But in my opinion, the only exchange that I'm planning to use are Binance and Coins Pro. There's no need to explain why I choose Binance, it is obviously the leading in this business so why settle for less, right? On the other hand, I also include Coins Pro in my list because it is the official exchange of coins.ph which is the best crypto wallet here in our country. I can assure that it was 100% legit (but AFAIR it was only accessible in the SEA region).
Thank you for making this, I use kucoin and it has been great so far. No problems buying and trading crypto.
Newbies will appreciate trading with the Amarkets broker because there are really good conditions to get started and, of course, the support of financial managers helps a lot.
What were the metrics you used in rating all these exchanges that you tested?
Do they include the following?
- Security
- Liquidity
- Order book depth
- UI/UX
- others
and can you share the score of each exchange per metric? I believe you have a spreadsheet or other forms of record.
Do they include the following?
- Security
- Liquidity
- Order book depth
- UI/UX
- others
and can you share the score of each exchange per metric? I believe you have a spreadsheet or other forms of record.
The best platform right now is Binance. It is comprehensive and lots of tutorials for beginners, and aside from that there's a lot of altcoins that we can choose to buy, whether you buy and hold or trade futures.
About binance supporting many altcoins, I do not think that is accurate enough, I am using binance but I find it difficult when it comes to altcoins, there has been multiple times I want to trade one coin or another on binance, but not listed there. A good example is digibyte and few others. Imo, in term of altcoins, HitBtc is a very good option to consider. I agree, I don't think that Binance has the most alt coin, I think it's Coinbase (I maybe wrong). The problem though with Digibyte or HitBTC is the amount of scams accusations against them. Although I will be honest that I didn't have any issues with HitBTC, but I just stop trading on it way back 2018.
Also, I still consider the issue that binance was hacked in 2019 and some amount of bitcoin were stolen, it makes me never leaving high amount of funds on the exchange. Also, BitFinex can not be alternative forgo for me as it was hacked some years back, 120,000 bitcoin was stolen.
Kucoin and Huobi are both good exchanges as well.
Kucoin and Huobi are both good exchanges as well.
Of course, never put huge amount of your funds in any exchange. I also have a good experience with Kucoin and Huobi way back when we are still at the tail end of the bullish trend. Very good experience for me as well.
Huobi becomes the new dumping site of the coin, in my opinion. Most of the coins that were listed here are falling. I am using binance and kucoin actually. They are both good when it comes in coin listing and security. They have the good volumes, wherein fact most trader likes. Liquidity and real volume are enough even we have high fees in trading. But as of now, it seems like binance is dealing in a problem when it comes in listing the defi hype coins such as yf and sushi.
What problem? Its not a problem when a certain coin that already listed out into their site got have some kind of increase and recently CZ do made out some line of advise that it isnt really safe for you to get with the hype with DeFi.
When it comes to best trading platform then i do always stick out with Binance all the way even though they had that past issues but nothing beats out when it comes to support,
UI,UX and other features.
Its a matter of choice though since people can always choose on which one suits them best.
I like many different exchange to use , for those you mention I will suggest to use bittrex, binance,kucoin,and okex I have good experience using all of the exchange I mention so its good for newbie to try all of them but if they can only use one exchange then I will stick to binance.
Binance, KuCoin, and BitFinex, that's my pick though I'm not actively using BitFinex but Binance and KuCoin were both great exchanges. I believe learning how to trade is not like building rockets, I mean it's easy, the hardest thing to do actually is to be profitable in trading and that's what everyone wants.
Probably they don't do the proper selection of the coin they list, that's why it dump because it has no good support by the community.
All paid for listing but it would also affect the reputation of the exchange if there's a lot coins that would dump under their exchange.
Huobi becomes the new dumping site of the coin, in my opinion. Most of the coins that were listed here are falling.
Probably they don't do the proper selection of the coin they list, that's why it dump because it has no good support by the community.
All paid for listing but it would also affect the reputation of the exchange if there's a lot coins that would dump under their exchange.
Huobi becomes the new dumping site of the coin, in my opinion. Most of the coins that were listed here are falling. I am using binance and kucoin actually. They are both good when it comes in coin listing and security. They have the good volumes, wherein fact most trader likes. Liquidity and real volume are enough even we have high fees in trading. But as of now, it seems like binance is dealing in a problem when it comes in listing the defi hype coins such as yf and sushi.
I usually invest in binance and kucoin these are very good platforms to invest in. In the case of newcomers the risk is much lower traders can access almost every material on the market. Another advantage of this account is that you can change the leverage and deposit any amount that suits your budget. The amount at the fee is much lower than other sites also uses two-factor authentication to protect personal information. This type of protection allows for higher security of the account than a single word password.
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