What is the best cryptocurrency exchange for beginners

Slow death

legendary

Activity: 3164

Merit: 1127

Leading Crypto Sports Betting & Casino Platform

Quote from: ?? on ??

Hello. There are many sites for this purpose and in my opinion almost all of them are similar. I think you should choose according reviews and pay attention on fees.

I think that choosing an exchange based on low rates can be a big mistake, for example there are shady exchanges that have low fees, but they are exchanges that have a lot of scam acusation, they don't solve people's problems and the person will lose money because you chose an exchange that has a low fee. The best thing is to choose an exchange that we know the owners and know that they are people with good character and that have a long-term exchange plan

The Dip

newbie

Activity: 1

Merit: 0

I have my Coinbase account and wallet and a few hundred in ETH and I m going to leave it alone and actually think I should stake Ethereum with that amount and leave it. Now, do I deposit another couple hundred into Coinbase into USDC or Dai or whichever I choose and then transfer that to Kraken and buy DOT and whichever i choose there? Sound right as far as how to?
I don't understand Pairing... and help. Uniswap vs Kraken vs Crypto.com vs Bnance any thoughts on this?
Thought I might with to Metamask for a wallet, any thoughts?
Learning Candlesticks along with western elements and I am getting more familiar everyday.
I am a believer in Blockchain and enjoy Sheldon Evans and Guy @ Coinbureau.
This I'm my first forum and first outreach. Here Goes!

barbara44

hero member

Activity: 2548

Merit: 605

Where you’re storing your assets should be somewhere safe, then exchange should only be used for when you’re trading them, you can still leave a few percentage of your assets on the exchange if you want. And for people who are newbies, their main focus should be on using top exchanges.

A lot of times I see newbies talk about exchanges they make use of, and these happens to be exchanges that I have never heard of since I have been here. They should be considering exchanges like Coinbase, Binance, and not some random new and small exchanges they find out of nowhere by surfing the net. Beginners must follow this community for feedback about exchanges time to time so that they can secure themselves even exchange hack or exit scams happen.

RealMalatesta

legendary

Activity: 2338

Merit: 1124

Quote from: dmatri on February 02, 2021, 11:29:14 PM

I concur, even I began in this exchange.. it's just that they tend to list quality coins first. They have an amazing range of cryptocurrencies and is effectively the best spot to go for the lesser-known coins if you are living outside of Europe/Asia since other exchange won't have a similar huge coin pool to look over. Rates are reasonable and stable. The trading experience is exceptionally smooth and there is a lot of security all through the platform.

And much the same as you up to this point I do keep my trading for few cryptos there like XRP, BTC, and ETH and considerably other transactions

I had a friend who lived near wherever Kucoin was (I really do not know where they are) but he said he was close to kucoins servers and security related stuff and he went to visit it. He even shared photos from outside and a few from inside premises but not where the real servers were for security reasons. He was an IT guy so he wasn't really foreign to this topic and he said that over 10 years of working in IT industry Kucoin had the best server maintenance and security he has ever seen, he said he moved to kucoin with ease after that visit knowing that it was impossible for kucoin to scam anyone after spending that much money and effort and it was also nearly impossible for them to get hacked as well. I believed him but for some reason I just use binance Cheesy

.

dmatri

newbie

Activity: 6

Merit: 0

Quote from: mico.serge on February 02, 2021, 10:24:03 PM

Don't really know if there are lot who will agree with me but when I first enter the cryptocurrency market, I used Kucoin exchange for my daily basis of trading for bitcoin which in my opinion is the best decision I have made since its pretty friendly for noobs/newbies. These are the things that I considered when choosing my exchange:

Authenticity and security
Supported tokens
Fee structure
User friendliness and simple user interface
24/7 good support since unreasonable things can happen anytime
Good liquidity/volume for better market price

So far and still up to this date, I am still using their exchange as they also have loads of events/campaigns which gives me extra profit and also holding $KCS is a good thing for fees and bonus on their exchange, their bonus % wont even can get on banks lol but ofcourse I am also using other exchanges like Binance and Coinbase. Try getting Bitcoin or maybe an alt like XRP It will be a good start on you! Join on their campaigns too

I concur, even I began in this exchange.. it's just that they tend to list quality coins first. They have an amazing range of cryptocurrencies and is effectively the best spot to go for the lesser-known coins if you are living outside of Europe/Asia since other exchange won't have a similar huge coin pool to look over. Rates are reasonable and stable. The trading experience is exceptionally smooth and there is a lot of security all through the platform.

And much the same as you up to this point I do keep my trading for few cryptos there like XRP, BTC, and ETH and considerably other transactions

carlisle1

hero member

Activity: 2744

Merit: 541

Campaign Management?"Hhampuz" is the Man

Good presentation and nice encouragement and advertising but there is no such Best exchange for the Beginners if the traders don't know what's he doing.,

Meaning for the exchange to help the trader is that the trader itself knows what help he needs.

Binance is very friendly user and has good Bot and training tutorial for the beginners to start with so all in all if we are talking best exchange he re? that would be Binance and nothing else.

Quote from: XavierHunt on February 02, 2021, 09:45:54 AM

Kucoin exchange was the very first exchange that was introduced to me by my pals who was into crypto back in 2018! It really was not that hard to grasp as i learned alot using that platform to trade BTC and ETH till i learn how to play with altcoins aswell.

Kucoin is good yet for me wasn't friendly user at all , though we can choose what always fits our desire and demand .

mico.serge

newbie

Activity: 22

Merit: 0

Don't really know if there are lot who will agree with me but when I first enter the cryptocurrency market, I used Kucoin exchange for my daily basis of trading for bitcoin which in my opinion is the best decision I have made since its pretty friendly for noobs/newbies. These are the things that I considered when choosing my exchange:

Authenticity and security
Supported tokens
Fee structure
User friendliness and simple user interface
24/7 good support since unreasonable things can happen anytime
Good liquidity/volume for better market price

So far and still up to this date, I am still using their exchange as they also have loads of events/campaigns which gives me extra profit and also holding $KCS is a good thing for fees and bonus on their exchange, their bonus % wont even can get on banks lol but ofcourse I am also using other exchanges like Binance and Coinbase. Try getting Bitcoin or maybe an alt like XRP It will be a good start on you! Join on their campaigns too

XavierHunt

newbie

Activity: 5

Merit: 0

Kucoin exchange was the very first exchange that was introduced to me by my pals who was into crypto back in 2018! It really was not that hard to grasp as i learned alot using that platform to trade BTC and ETH till i learn how to play with altcoins aswell.

RealMalatesta

legendary

Activity: 2338

Merit: 1124

Quote from: Inspiron14 on January 24, 2021, 05:46:44 PM

usually beginners choose a popular exchange, because they follow the advice of people who have done it,
or maybe advice from social media and also YouTube, because I believe that before entering the world of cryptocurrency,
beginners will look for information first, and I recommend that is to register on Binance,
because Binance is the best exchange in the world besides Coinbase and Kraken.

Using advice from youtube or social media could be deadly for your profits. There are so many people online that want to make money so they suggest stuff to you that would make them more money, like get a low level coin and then suggest it to everyone if they have a good follower base, those followers buy and increase the price and that person sells and gets out. Basically this is more about how social media people can influence the world in the wrong way and that should not be the case for anyone.

I personally feel like it is quite acceptable to follow people on bitcointalk, even though we have people who are idiots here as well, we are a whole population and yes we do have ranks like legendary and sr.member and so forth but we do not have any followers or fame here, everyone comes in and says what they want to say and create a beautiful discussion and that is how it should be, it would give everyone a good idea.

doomloop

hero member

Activity: 2408

Merit: 584

If you are a newbie, you shouldn't get involved with too much money all that much, it is not a smart move to get into bitcoin with all your savings, it would end with a bit of a loss and you getting away and running away. I do not know how much you have, but if you have 100 dollars or more, that should be the max, even if you have 10k saved aside, it should be 100 dollars max, if you have over 10k, like let's say 50k, it should probably be more like 200-300 range, even 500 if you want, but I would still say 100 is enough.

On top of that you should know what you are getting into, if you want to get into bitcoin that is something else, if you want to get in with smaller tokens like defi projects that is something else. You should decide what you want to do depending on what you have and your goals. If you do all of that and spend some time around, you will get used to it and get in bigger.

Inspiron14

full member

Activity: 1064

Merit: 101

usually beginners choose a popular exchange, because they follow the advice of people who have done it,
or maybe advice from social media and also YouTube, because I believe that before entering the world of cryptocurrency,
beginners will look for information first, and I recommend that is to register on Binance,
because Binance is the best exchange in the world besides Coinbase and Kraken.

JooBra

full member

Activity: 1204

Merit: 162

Quote from: fahmimajannat on January 24, 2021, 11:47:51 AM

I think binance is the best.
Binance is one of the best exchange in crypto world. Its also user friendly. You can easily get a app in playstore or appsotre. So it will be more friendly for you.
So binance is the best from my point of view.

I totally agree with you. Binance is the biggest and the best. I can be confusing at start but at lest you are sure and dont need to think about your funds being lost.

fahmimajannat

jr. member

Activity: 420

Merit: 1

I think binance is the best.
Binance is one of the best exchange in crypto world. Its also user friendly. You can easily get a app in playstore or appsotre. So it will be more friendly for you.
So binance is the best from my point of view.

angrynerd88

sr. member

Activity: 910

Merit: 253

Hodlers Network

The most excellent cryptocurrency trade for apprentices is binance within the case of trades the chance is much lower here. As for newcomers there's no fear of losing much of the expense. The trade in Binance permits newcomers to exchanging Bitcoin latently and thus the failure to spend a tremendous sum of time on showcase investigation is the reason why Bitcoin exchanges permit clients to set up more proficient exchanges without continuously keeping them at the best of the advertise. This permits newcomers to exchanging exceptionally effortlessly.

cyriljundos

member

Activity: 432

Merit: 10

Bitfresh - iGaming with 90s UI

There are lot of trading crypto exchanges,for me the best one is bittrex, bittrex global is good trading site there is so many players and can gain faster profit when you short trade . Bittrex is also easy to trade altcoins, but first you must verify your account first so that you can cash out.

Twinkledoe

full member

Activity: 1904

Merit: 138

★Bitvest.io★ Play Plinko or Invest!

Quote from: Swopon on January 22, 2021, 12:02:41 PM

It depends on user interface and friendly design which is helpful by seeing once. I can mention Binance here for their friendly user interface which can be helpful for the beginners who seek to understand it shortly by seeing once. When I registered first, it was good experience with it and I easily understand their homepage. So it can be helpful for others too I believe.

I can agree on this. Aside from the easy to grasp interface, they have safu ( https://www.binance.com/en/blog/307883269744750592/Binance-Is-SAFU-7-Ways-We-Secure-Your-Assets-247), which you will be at peace sending money to this exchange. You know, your funds are safe. Unlike small exchanges, sometimes you are worried if you can still get back your coins.

Swopon

copper member

Activity: 700

Merit: 120

Gamdom

It depends on user interface and friendly design which is helpful by seeing once. I can mention Binance here for their friendly user interface which can be helpful for the beginners who seek to understand it shortly by seeing once. When I registered first, it was good experience with it and I easily understand their homepage. So it can be helpful for others too I believe.

Latviand

full member

Activity: 1540

Merit: 219

Quote from: davinchi on October 29, 2020, 03:32:31 AM

The best way to pick is the one you are feeling comfortable with, obviously you shouldn't be comfortable with it for that easily, but we could potentially make it work even with not the best ones neither so you could find a middle one, or you could pick binance like every other person does anyway.

This the basis for my preferences in looking for a good and suitable exchange for me.

I always look for an exchange where I'm comfortable when accessing it. Also you should explore first a certain exchange before you start using it, try Binance like what he's suggesting. Making profits will depend on your skill and experience so don't hesitate to start on the exchange that you're using.

I learned trading by using Binance and I must say that this is what makes me confident in trading, also check its reviews and feedbacks and also watch some videos before you begin.

Issa56

hero member

Activity: 1484

Merit: 928

From the little experience am having and from the research have done there are lots of exchange out there but I will personally recommend binance as one of the best exchange due to the easy accessibility, security and all the coins there are not shit coin. Which means anyhow coin is not always listed there.

XZERO1

member

Activity: 518

Merit: 33

For exchanges to be newbie friendly, they got to have simple interface that is easy to understand and interact with, for example Binance has two classic(basic) and advanced option to choose from when you want to buy spot which could make it easier to figure out for beginners.

In addition to that they should include some extra info(some use question mark(?) to give users more info) next to each button and function so that the user doesn't have to read through guides necessarily to know the basic functions and how to use the exchange to simple just buy and sell.

So based on my own personal experience I can recommend Binance and Kucoin, not only they have good liquidity on all pairs, they are also very beginner friendly.

Topic: What is the best cryptocurrency exchange for beginners (Read 1014 times)