The cryptosphere is constantly heating up, and every day, more newcomers join the crypto revolution. While some are in the cryptosphere for the money, others, like the CryptoNewsPipe crew, are there for the technology.
Here are our top crypto trading platforms:
Whatever your motivations for getting involved, keep in mind that everyone who is successful in their industry started somewhere. That person went on to succeed with the correct resources and self-education.
In a similar vein, CryptoNewsPipe is and wants to be your one-stop shop for any crypto-related questions if you’re just getting started in the crypto world, and to assist you in becoming a cryptocurrency pro.
We’ve been here for well over a year and have successfully reached out to over 1 million folks like you. That’s why we are back today to inform you about some of the top cryptocurrency trading platforms and exchanges for beginners.
As beginners, we knew exactly what we neededed before deciding on a bitcoin trading platform or exchange. It contained the following items:
- Ease of usage and UI
- Security of funds
- Past performance
- Development team
- Geographical Operations Map
To this day, we still regard them in the same light.
With those considerations in mind, allow us to recommend some of the finest cryptocurrency trading platforms.
Beginner’s Guide to Best Crypto Trading Websites:
Binance is a leading blockchain and cryptocurrency platform with the world’s largest digital asset exchange by volume as part of its product package. Binance is a cryptocurrency that focuses on the freedom and flow of money between individuals, and it is trusted by millions of investors throughout the world. Trading, education, data, research, funding, decentralization, infrastructure solutions, social initiatives, and more are among its services.
This trade is beneficial to both novice and advanced users. They also offer a built-in feature in their UI that allows you to move between the two modes, which makes their UI incredibly user-friendly.
Furthermore, you will never run out of liquidity when utilizing Binance because it consistently ranks in the top three exchanges on CMC in terms of volume.
Furthermore, if you trade with their native BNB tokens, you can get a 50% discount on your trading fees, which is a significant sum if you want to become a full-time crypto trader. The sooner you begin using BNB, the more money you will save over time. (Now is the time to purchase BNB tokens.)
They also have a user-friendly mobile apps for trading cryptocurrency on both Android and iOS. (Android App | iOS App Download)
How to start:
CEX.io is another well-known platform for beginners to buy and sell cryptocurrencies because their user interface is simple to use and they have an excellent track record.
CEX is a cryptocurrency exchange established in the United Kingdom that has been in operation since 2013 and you can buy BTC for GBP.
CEX is similar to Coinbase in that it allows you to deposit fiat currencies like as EUR, GBP, USD, RUB, and others, as well as buy and sell crypto currencies such as Bitcoin, Bitcoin Cash, Ethereum, Stellar, and Ripple.
They are also doing well in terms of liquidity, despite the fact that their primary source of traffic is fiat currency. (According to CMC, they are among the top 35 bitcoin exchanges.)
Their ability to purchase cryptocurrency with a debit or credit card makes it a user-friendly solution for many newbies.
You can purchase cryptos with your credit card by following these simple steps (using Bitcoin as an example):
- Register at CEX.
- Go to Cards
- Configure your credit/debit card.
- Verify your credit/debit card.
- Select the amount of Bitcoin to buy/sell.
- Exchange your currency for Bitcoin
They also cover more countries than Coinbase, and they have mobile apps for both Android and iOS.
Also check out their reward program for holding coins and tokens in your account.
You can deposit fiat currency (USD, EUR, GBP, etc.) and quickly obtain bitcoins, which you can then withdraw using a Ledger Nano S or Trezor-like device.
- Register at Coinbase.
- Verify your photo ID completely.
- Go to the payment methods section of the website.
- On the right-hand side, click + Add Payment Method.
Select Card and enter the credit/debit card information.
- Accept and give Coinbase permission to do two minor transactions.
- Coinbase will perform two very tiny test transactions in your local currency, between 0.01 and 0.99.
- Coinbase will make two very small test transactions between 1.01 and 1.99 in your local currency. Log into your card statement account and make a note of the transaction amounts.
- In the Coinbase app, enter the transaction amounts.
Create a free account on Coinbase
Bitfinex is one of the most established players in the crypto exchanges for beginners race. It’s similar to Bittrex, but it only accepts fiat currencies like USD, EUR, and GBP.
Bitfinex always has a large volume, thus there is never a shortage of liquidity when buying or selling on this exchange, since it consistently ranks in the top ten on CMC.
Furthermore, the exchange UI is simple to use and includes sufficient information on each page to assist even the most inexperienced user.
To begin trading on Bitfinex, you must first register, verify your identity, and identify yourself. After submitting proper ID evidence, it usually takes 15-20 business days for you to be admitted into the platform.
Finally, make sure to check out their mobile apps (Android App | iOS App) because they are suitable for trading on the go.
- Start Trading On Bitfinex
- Globally accessible [With the exception of the United States, Bosnia and Herzegovina, the Democratic People’s Republic of Korea (North Korea), Ethiopia, Iran, Iraq, Syria, Uganda, Vanuatu, and Yemen, Bitfinex serves all countries.
Create an account on Bitfinex
It does not require you to go through the time-consuming KYC procedure, but it does require you to check in using your email address.
It currently supports over 35 cryptocurrencies as well as fiat currency pairs such as USD/EUR. Also, if you want to buy cryptocurrencies with debit or credit cards, it is one of the best and easiest to use exchanges out there. Check out our Changelly review for additional information.
Finally, Changelly charges a 0.5 percent commission fee on each trade, which is a small price to pay for the volatility and risk they undertake on behalf of their users.
KuCoin is a fantastic cryptocurrency exchange that has gained a lot of popularity in the previous six months. Given the people behind it and an easy to use and navigate UI, the traction comes as no surprise.
It is also one of the top 25 exchanges on CMC in terms of volume, and they have a program where they periodically add new coins/tokens to their exchange.
Furthermore, from the perspective of a newbie, KuCoin’s native token, KuCoin Shares, is an excellent asset to HODL because it provides additional smart passive income in the form of exchange fees. (Now is the best time to buy KCS Coins.)
- Register for an account
- Fees: 0.1%
- Accessible Globally
The Best Cryptocurrency Trading Websites for Beginners:
As you can see, there are a plethora of possibilities available in the crypto-sphere for newcomers.
Keep in mind that all of these transactions are centralized. As a result, it is strongly recommended that you do not use them as your primary wallet for HODLing coins in the long run. To learn more about the dangers of using a centralized bitcoin exchange, see this article.
Now it’s your time to tell us which of these exchanges you prefer. What are some more nice beginner exchanges that we haven’t mentioned? Let us know what you think in the comments section below!
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Every investing and trading decision entails risk, so do your homework before making a decision. This article is written for pure informative purposes and in no way encourages you to trade.