What is the best cryptocurrency exchange for beginners - page 2.

iv4n

legendary

Activity: 3346

Merit: 1191

Quote from: Shasha80 on January 21, 2021, 03:04:09 AM

I have tried several exchanges, actually almost all exchanges have the same quality. So as long as the exchanges are popular and have real volume
it can be used by beginners. Since popular exchanges usually have good security systems, has a large selection of coins and also has complete
trading features. With all these advantages beginners will find it easier to trade. So the exchanges I recommend for beginners to use are Binance,
Okex, Bittrex, Bithumb, Kraken, Huobi and Uniswap.

I agree with you, all exchanges have the same quality when it comes to regular trading! And all of them are pretty much similar, you place buy and sell orders... but there are exchanges like Binance and KuCoin, if you hold their BNB or KCS you can have lower trading fees (it's the same for Huobi...and some other exchanges)...
And I wouldn't joke with margin, api and futures... you really need to know what you are doing there, or you can easily stay without money! For me all that is too complicated, so I am not in that!
For fast swaps you don't even need exchange... there are a few good ones I use! Decentralized, without KYC and all that... easy to use and it can save you time!

Shasha80

sr. member

Activity: 1876

Merit: 318

I have tried several exchanges, actually almost all exchanges have the same quality. So as long as the exchanges are popular and have real volume
it can be used by beginners. Since popular exchanges usually have good security systems, has a large selection of coins and also has complete
trading features. With all these advantages beginners will find it easier to trade. So the exchanges I recommend for beginners to use are Binance,
Okex, Bittrex, Bithumb, Kraken, Huobi and Uniswap.

maldini

sr. member

Activity: 952

Merit: 308

I would state that would attempt to be getting down to business something in the end that you could work with. After you know the trades in an out with all the information, it is about that open to feeling. Bitcoin latently and hence the powerlessness to invest an immense measure of energy on market investigation is the motivation behind why Bitcoin exchanges permit clients to set up more effective exchanges without continually keeping them at the highest point of the market.

proTECH77

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Bisq Market Day - March 20th 2023

The best cryptocurrency exchange for beginners is coinbase which will really help them to understand so many things in the market. Many beginners don't have the experience to trade with professional in the market base on they don't have coinbase idea to flow with other trader, that is causing them fear not to run loss in the market.
It is good to start with people that know the coinbase very well for you not to find it difficult, how to use it to make a good profit in the exchange market.

Salauddin1994

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In my opinion the best cryptocurrency exchange for beginners is binance it is a very popular site for exchanging every currency is acceptable here and new ones are exchanged much more securely better at coinmarketcap. Most of the currencies in the crypto market are listed here the best for every trader for binance exchange there are many sites to exchange but not everyone has the same choice the exchange site can survive by checking the market well.

Innerpumper

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A good exchange for beginners is where they can also learn to trade not only earn passive profits. I think the best exchanges are also exchanges that are often used by many people where they believe that the exchange is very safe to put assets. And Don't forget we can also see the best exchanges at coinmarketcap.

chinkson

newbie

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Going to give the most boring and answer here. Binance is probably the most popular and easiest exchange to use for newcomers. It is also one of the safest and most refined in my opinion.

However, everyone has different preferences. Be sure to take some factors into consideration before deciding which exchange is right for you.
https://cryptodefinitions.com/where-to-buy-cryptocurrencies-the-ultimate-shoppers-guide/

celot

sr. member

Activity: 1492

Merit: 269

I think safety with my exchange market trading on binance because process for withdraw and deposit faster than other exchange market have I try. Before using Binance as my exchange market trading I ever used Poloniex and my local exchange but there are not well good result with always have delay process deposit when I got good moment for buying some altcoin have to wait until deposit process few minute late from using binance, for my local exchange is most stupid exchange because process deposit very long than binance and I need half hour for getting my deposit and withdraw take the same time too, just I left both exchange and get using only Binance.

wunderbit

jr. member

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Merit: 2

FTX is the most friendly exchange, here's a link to get -10% off fees https://ftx.com/#a=tenPercentOFF

aria.newman

jr. member

Activity: 59

Merit: 1

I advise you a cryptocurrency exchange called Changelly Pro. According to the company's statement, the goal was to create a new exchange meeting the most important needs of traders, both novices and experienced ones. I am an experienced trader and for me this exchange is very convenient, but if you believe the accordings, then it is suitable for beginners like you. Here is all the detailed information about this exchange if you are interested in this post.

lixer

hero member

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Merit: 588

You know very well that this whole write-up you have here does not in any way talk about which exchanges are best for newbie investors right? You just attached and expecting everyone to visit the website, you should have just done that since and spare me of this huge write-up you have done here.

Funny thing is that I also visited the website and you didn’t even list any exchange. How do you write a whole article about exchange that’s best for newbies and you didn’t care to recommend a few, at least five or so, exchanges that you know are very good for starters? Anyway, I will always recommend Coinbase and Binance. These two are really good and they have mobile apps too.

justdimin

hero member

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www.Crypto.Games: Multiple coins, multiple games

Quote from: New.in.trading on November 09, 2020, 08:09:04 AM

I am not sure about the best exchange, but the best charting platform for BTC USD to me is TradingView. I use bitstamp for trading, but honelsty, everybody has to do his own research on exchanges/brokers imho. Its the same with cars. Depending on your needs, a car that fits you, wont fit me.

I like the car example you gave because everyone has their own choice and everyone has different exchanges for their needs. Some wants simplicity and easy of use while some want extra features and ability to perform multiple actions.

I do not want to be the reason for someone's loss in case the exchange has malicious intent later but I have used and liked the way bitfinex works and it has quite easy to understand interface which might suit well for beginners but then again like many guys said do your own research and due diligence before trading on any platform and one golden advice I can confidently give you is that "never use an exchange like a wallet, sooner or later you might regret doing that".

TheGreatPython

sr. member

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Merit: 339

Quote from: blckhawk on November 09, 2020, 08:01:58 AM

I can't tell what is the best cryptocurrency exchange for beginners because they are the ones who should determine whether it is easy for them to use or not.

True, I actually use different exchanges often based on what I am trying to do because of I am simply looking to sell some coins I would do that with one exchange but if I am doing some leverage trading, like recently when BTC started moving up I borrowed some money and purchased bitcoins as I knew the price will rise and for that leverage trading I used binance and actually made decent profits. So basically depending on the need and the use case one can chose an exchange.

one thing everyone can do before they try a new exchange is try to locate the reputation of the exchange here at forum or at least google it so that you may know if there are any ongoing allegations against them with solid proof and if there are some then better to avoid them for time being.

tbterryboy

sr. member

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Quote from: Lotus on November 08, 2020, 03:25:32 AM

Pick something that's reliable, trusted enough (relative to how much you are investing), and provides the basic analytical tools you want in one place. You can of course use additional tools to help you make better informed decisions, but when you are just starting, it helps to keep things simple and in one place.

Also the thing to make sure is that the exchange you are using is legal in your country because there are times when during registration they will accept you but later create problems so better to check that too.

Platform for beginners or pro traders it always is same mostly because there are some advanced features but you are not bound to use them when you are new into trading so as long as the exchange is trusted, has low fees on transactions and more importantly trading then it is a good choice and if you are trying features like leverage trading then also check for that, a perfect choice might be Binance but I don't want to recommend any exchange given how frequently exchanges are turning into scams.

Hamphser

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Vave.com - Crypto Casino

Quote from: celot on November 09, 2020, 09:13:05 AM

Beginner better looking for an exchange have trading platform with your local money peer and not looking for global exchange have peer ethereum, USDT and bitcoin. I think with local money peer you can learn more and faster than you use global platform peer to trade, Every country have local exchange and you can create account and use additional security from mobile activated until 2fa. Most important is how to secure your account first before begin trading and investing with bitcoin or altcoin later. You need check all your security have added or not before deposit your money to exchange account.

Its mainly suggested yet this is the first thing i do prefer when choosing up a platform on where i can make out trades basing of with my local currency but

one thing that do really make me quit is on the fees that being imposed and the gap of prices are way too huge compared to the global or known top exchangers at the market
on where you would really be thinking that it would be much better to move out there yet i cant afford on paying up fees or willingly to be deducted that too high.

When it comes to best cryptocurrency exchange then theres no specific one because all of platforms can be easily to understand when it comes to interface.
They do only differ in some aspect though.

RealMalatesta

legendary

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Anything that would be easy to understand should always be the first choice. As someone who has gotten into crypto very early but got involved with trading very late I can tell you that some of you guys could understand about the technical parts of crypto very easily while on my first days I didn't even understand how I could trade, the page where you could buy and sell any coin you want looked too complicated to me.

I understand that some of you may think "how could a trade page look complicated" but believe me there are many people like me who do not like that page and have hard time understanding. That is why I like places like Uniswap nowadays, because they are simple and there is nothing you need to understand, it is just two boxes and you click on what you want to sell and you pick what you want to buy and you click buy and it is the end.

celot

sr. member

Activity: 1492

Merit: 269

Beginner better looking for an exchange have trading platform with your local money peer and not looking for global exchange have peer ethereum, USDT and bitcoin. I think with local money peer you can learn more and faster than you use global platform peer to trade, Every country have local exchange and you can create account and use additional security from mobile activated until 2fa. Most important is how to secure your account first before begin trading and investing with bitcoin or altcoin later. You need check all your security have added or not before deposit your money to exchange account.

New.in.trading

member

Activity: 211

Merit: 20

I am not sure about the best exchange, but the best charting platform for BTC USD to me is TradingView. I use bitstamp for trading, but honelsty, everybody has to do his own research on exchanges/brokers imho. Its the same with cars. Depending on your needs, a car that fits you, wont fit me.

blckhawk

sr. member

Activity: 1554

Merit: 334

Well, I can't tell what is the best cryptocurrency exchange for beginners because they are the ones who should determine whether it is easy for them to use or not.
The only advice I can give is that upon choosing an exchange the first thing you should consider is the security, no matter how user-friendly the exchanges is if the security isn't that good then what's the point? all of your funds will be more exposed at risk. And then there's Reputation you should also need to consider, I think determining the reputation won't be that difficult to learn, just look on the web what exchanges are the highest volume by then you can already tell if it is reputable or not.

bakasabo

legendary

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Quote from: durilup on November 09, 2020, 06:12:57 AM

To be honest there is no cryptocurrency exchange for beginners .

That is true. All exchanges has almost identical and easy to understand users interface. If you have seen on exchange, you how others work and where to find what you search. The task of each and every cryptocurrency exchange is to create easy to use and easy to understand user interface, design, features. No one creates anything that it will be complicated to use.

While choosing an exchange, just use the one that has trading pair you wish to trade, check their fees and google a bit about it. If it is a scam or shady, google will show proofs in first 10-15 links.

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