Topic: Trading Platform? (Read 854 times)
Well as a newbie who is just into cryptocurrency you are advice to start with binance, binance is more straight forward and less confusing for a starter. And again u don't have to worry about the gas fee because you can even top up using credit card, maybe after mastering binance you can use more complex platform like trezor and so on.
Hi guys, I am new into Crypto, I wanna know which platform has low gas fee .. my budget is very low which is just 120$ .. I do not want to throw them into trash, but I like to embark on any platform which gives good returns, like Exness or Position exchange. I was reading an article on https://detailsnreviews.com/crypto-exchange-okcoin-launches-a-free-trading-nft-marketplace/ , do you think it is good to start with 120$?
You can do the benchmarking(Like comparison analysis) between different centralized or decentralized exchanges. Then you can find the best platform with lower gas fee by your self. I can not say which one is best. Because it changes time to time.
Point is what are you asking for is it Decentralized or Centralized. Now let me help you in both Centralized as Binanace Coinbase and top 10 Considered as on CMC. But if you are going for the Decentralization then there comes Dexs the most famous one Uniswap then Pancakeswap be very careful that Dexs involved higher riskt of Wallet hacking must need to check then confirm Transections and never connect wallet on the Third class sites and swaps and swaps are too common these days. So be careful while choose.
start with the amount with which you will be comfortable in the future you will be able to reinvest your capital to get even more profit
It is good if you will stick into the reputable and trusted already exchange by the most of the users which is the Binance still you have an option recent I discover different exchange and perks of it like the crypto.com and one of the recent is the MECX there's a lot more depends on the coin you want to supported with. But like the same of others peoples choice binance is the most user friendly.
Maybe you mean mexc.com exchange. But as you said, many are trusting binance for so many reasons. I am also confident using this exchange even if we say their KYC is mandatory. They also have very good liquidity of most known alts, which you can execute your order fast. But if you want to trade some tokens or coins that are new, most of the time, they are not yet listed in binance. Hence, you can check other reputable exchanges about the trading pair.
It is good if you will stick into the reputable and trusted already exchange by the most of the users which is the Binance still you have an option recent I discover different exchange and perks of it like the crypto.com and one of the recent is the MECX there's a lot more depends on the coin you want to supported with. But like the same of others peoples choice binance is the most user friendly.
As a beginner, don't just focus on platforms with low gas fees but rather on exchanges that provide good a promising services. I would recommend you to use Binance because it's beginner-friendly and they guarantee you safety and security. It's also easy to use since they have guides. Just be sure to choose a promising coin so you'll have a successful trading journey.
the investment you make with such a little cash in my opinion is good choice because i think that you are new and starter so put big revenue can make you sad as you will have such a reduced skills to manage these things. you should invest in matic as its gas fees is low also it is favorable token and will have fortunate coming days, can give you useful sum.
Since you are newbie, with less activities it indicates you are new into crypto, I will advise you start with binance, because it is less complicated and very straight forward. And about the gas fee, binance isn't that bad too.
You also need to check the features that you want to use, and if one place is missing that then you could remove that from the list right away. This is why making a profit is not really a problem at all. I believe that we should not be really looking at anything that would be a problem at all when we want to add in some new features as well so you should plan it ahead as well.
This is why Binance is loved so much, because whatever you can find anywhere else, is also there as well which is why it's loved so much. I personally never found a place that has something that is extra to Binance, maybe coins/tokens listed, but all the good ones and liked ones are in Binance anyone.
Which is why it is so important to use a demo account if a available to see all the features that the exchange has and see if it fits our needs, a newbies most likely will not have specialized needs about what features they need, but a good trader will eventually develop a strategy in which certain features are needed and if the exchange does not have them then this immediately disqualifies such an exchange from the list of exchanges they would like to use in order to perform their trades.This is why Binance is loved so much, because whatever you can find anywhere else, is also there as well which is why it's loved so much. I personally never found a place that has something that is extra to Binance, maybe coins/tokens listed, but all the good ones and liked ones are in Binance anyone.
Like I know some leverage ones do have it, but does Binance have any demo account deal? If there is one, I never heard of it, neither heard of Coinbase to have one neither. Don't get me wrong, I am not saying there isn't one, maybe there is one, but I never heard of it before and would be shocked to learn they have it.
I guess since you are a newbie, I would suggest to stick first with Binance so you dont have to worry about the gas fee. You can even fund Binance using your creditcard. Then later on you can start investing using your metamask or buy a Trezor wallet for added security.
Really newbies are meant to use a specific platforms as you portray to trade because i believe that with binance you will understand the rudiments of trading first before venturing into any platforms. Because i know that some newbies is inquisitive to trade for place whereby it's recognized. If i should recommend any platform it should be binance.
I have been trading with capital wallet. They have hundreds of tokens available, and their trading & conversion fee is also $0.5, one of the lowest.
Choosing an exchange is indeed one of the important things we need to think about,
Popular exchanges like Binance are the exchanges of choice for many people, besides being trusted on Binance it also has complete features,
What must also be considered before entering the market is the preparation of all things related to crypto
You also need to check the features that you want to use, and if one place is missing that then you could remove that from the list right away. This is why making a profit is not really a problem at all. I believe that we should not be really looking at anything that would be a problem at all when we want to add in some new features as well so you should plan it ahead as well.Popular exchanges like Binance are the exchanges of choice for many people, besides being trusted on Binance it also has complete features,
What must also be considered before entering the market is the preparation of all things related to crypto
This is why Binance is loved so much, because whatever you can find anywhere else, is also there as well which is why it's loved so much. I personally never found a place that has something that is extra to Binance, maybe coins/tokens listed, but all the good ones and liked ones are in Binance anyone.
Choosing an exchange is indeed one of the important things we need to think about,
Popular exchanges like Binance are the exchanges of choice for many people, besides being trusted on Binance it also has complete features,
What must also be considered before entering the market is the preparation of all things related to crypto
You also need to check the features that you want to use, and if one place is missing that then you could remove that from the list right away. This is why making a profit is not really a problem at all. I believe that we should not be really looking at anything that would be a problem at all when we want to add in some new features as well so you should plan it ahead as well.Popular exchanges like Binance are the exchanges of choice for many people, besides being trusted on Binance it also has complete features,
What must also be considered before entering the market is the preparation of all things related to crypto
This is why Binance is loved so much, because whatever you can find anywhere else, is also there as well which is why it's loved so much. I personally never found a place that has something that is extra to Binance, maybe coins/tokens listed, but all the good ones and liked ones are in Binance anyone.
If you are new to trading I would suggest to create an account in Kucoin , Crypto.com or Binance so you dont have to worry about the gas fee. If you have a long term mindset in investing I would suggest to go to pancakeswap but it is a little bit technical to learn.
Binance is a good option for every newbie, this is very friendly and you can easily understand how this platform works but without any trading knowledge, I believe you will still find it hard no matter what exchanges you are using so better start learning how to trade first. Choosing trading platform should only be your second priority since learning should always comes first.Popular exchanges like Binance are the exchanges of choice for many people, besides being trusted on Binance it also has complete features,
What must also be considered before entering the market is the preparation of all things related to crypto
If you are new to trading I would suggest to create an account in Kucoin , Crypto.com or Binance so you dont have to worry about the gas fee. If you have a long term mindset in investing I would suggest to go to pancakeswap but it is a little bit technical to learn.
Binance is a good option for every newbie, this is very friendly and you can easily understand how this platform works but without any trading knowledge, I believe you will still find it hard no matter what exchanges you are using so better start learning how to trade first. Choosing trading platform should only be your second priority since learning should always comes first.It makes sense because they supported a lot of tokens and coins on their platform and they're considering a stepping stone in a good project that has been listed that not involved fraud activities.
But always remember this, don't leave your fund into any of those centralized exchange platforms or think that they're a good wallet to store your assets, though Binance has a SAFU feature, it doesn't mean your funds are totally safe.
If you are new to trading I would suggest to create an account in Kucoin , Crypto.com or Binance so you dont have to worry about the gas fee.
I agree with this. Moreover, those exchanges also have several options of withdrawal networks, so it will vary on the gas fees. And we can choose lower gas fees than only ERC20. Moreover, the reputation of those exchanges are much better highly than the exchanges that are mentioned by the OP. I don't know why the OP will think to use those platform because a review or article. If you have a long term mindset in investing I would suggest to go to pancakeswap but it is a little bit technical to learn.
I wonder why should be PancakeSwap? Is it about the staking or farming that offer high APY? or are there are choice of long term investment? If you are new to trading I would suggest to create an account in Kucoin , Crypto.com or Binance so you dont have to worry about the gas fee. If you have a long term mindset in investing I would suggest to go to pancakeswap but it is a little bit technical to learn.
Binance is a good option for every newbie, this is very friendly and you can easily understand how this platform works but without any trading knowledge, I believe you will still find it hard no matter what exchanges you are using so better start learning how to trade first. Choosing trading platform should only be your second priority since learning should always comes first.
I started with something far less than what you've at hand in 2017. I think then it was with Polonex. Later I got onto Coinexchange and then Binance came up and took the shine from them till this day. My advice to you is to check top rated exchanges on the CMC and choose from any that's rated 10 over 10. I recommend Binance to you, anyway. I don't know what the commission is compared to others but I know my funds are safe there. At least for five years that I've been using it, no issues relating to loss of trust.
In terms of fund security, Binance is the main choice for choosing a platform, especially if you are a beginner who wants to trade or invest. Don't choose the wrong platform, because the funds are not safe even though it's not our fault. and if that happens, the op will be psychologically disturbed, so he can't focus on learning to trade. there has been a lot of reliable evidence from binance, one of which was when binance was hacked, and consumer funds were returned, and it formed its own consumer confidence in binance 
I started with something far less than what you've at hand in 2017. I think then it was with Polonex. Later I got onto Coinexchange and then Binance came up and took the shine from them till this day. My advice to you is to check top rated exchanges on the CMC and choose from any that's rated 10 over 10. I recommend Binance to you, anyway. I don't know what the commission is compared to others but I know my funds are safe there. At least for five years that I've been using it, no issues relating to loss of trust.
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