What Crypto Market Is Best?

Will Crypto Markets Crash?

by DailyCryptoInfo 241 Views

What Crypto Market Is Best?

Will Crypto Markets Crash?

by DailyCryptoInfo 241 Views

A cryptocurrency exchange is a digital marketplace where traders can buy and sell bitcoins using different fiat currencies or altcoins. A bitcoin currency exchange is an online platform that acts as an intermediary between buyers and sellers of the cryptocurrency. The currency ticker used for bitcoin is either BTC or XBT.

7 Best Crypto-Trading Websites for Beginners:

1. Binance

Binance Trading Platform

Binance exchange now needs no introduction as it has been ruling the crypto market for months.

This exchange is good for beginners and advanced users alike. They also have an inbuilt option in their UI to switch between the two modes, a feature that makes their UI very user-friendly.

Also, you will never face a liquidity issue while using Binance because it constantly ranks in top 5 exchanges on CMC by volume.

In addition to that, if you use their native BNB tokens while trading you can have a discount of up to 50% in your trading fees, which is a big amount if you’re looking to become a full-time crypto trader. The sooner you start via BNB, the more you will save in the longer run. (Buy BNB tokens now)

And the coolest thing that I found was that they have the most advanced and easy to use mobile apps for trading cryptocurrencies on Android as well as iOS.(Android App | Download iOS App)

Use Binance Now

2. BitMEX

BitMEX exchange is run be professional algo traders, developers and economists and hence is the busiest exchange you will find in the cryptocurrency realm.

Moreover, it provides all the tools and techniques for advanced as well as beginners to start trading cryptocurrencies.

On BitMEX you can trade following cryptocurrencies (& contracts) for these fiat currencies like US Dollar, the Japanese Yen, and the Chinese Yuan:

  • Bitcoin
  • Bitcoin Cash
  • Ethereum
  • Litecoin
  • Cardano
  • Ripple

The registration process on BitMex is quite simple where you just need to register through your email ID and their fee structure is also quite straightforward as shown below.

COINS LEVERAGE MAKER FEE TAKER FEE SETTLEMENT FEE
Bitcoin (XBT) 100x -0.0250% 0.0750% 0.0500%
Bitcoin Cash (BCH) 20x -0.0500% 0.2500% 0.0000%
Cardano (ADA) 20x -0.0500% 0.2500% 0.0000%
Ethereum (ETH) 50x -0.0500% 0.2500% 0.0000%
Litecoin (LTC) 33.33x -0.0500% 0.2500% 0.0000%
Ripple (XRP) 20x -0.0500% 0.2500% 0.0000%

3.KuCoin

KuCoin Exchange

KuCoin is a brilliant crypto exchange that has been receiving a lot of traction over the last 6 months. The traction comes as no surprise given the team behind it and an easy to use & navigate UI.

In terms of volume too, it ranks in top 25 exchanges on CMC and has a programme in which they keep adding new coins/tokens on their exchange regularly.

Also, from a beginners point of view, KuCoin’s native token i.e. KuCoin Shares is good to HODL because that gives you extra smart passive income in the form of exchange fee. (Buy KCS Coins Now)

One unique thing that many newbies miss i.e. KuCoin is one of the few exchanges that pays you NeoGAS for holding NEO on it.

Use KuCoin Now

4. Changelly

Changelly is, without a doubt, one of the easiest to use cryptocurrency exchanges in the market. Via Changelly, you can simply send one currency and swap it for another supported currency.

It doesn’t require you to undergo the tedious KYC process but it does require you to sign-in with your email ID.

Currently, it supports more than 35 cryptocurrencies along with fiat pairs such as USD/EUR. Also, It is one of the best and easiest to use exchanges out there if you are looking to buy cryptocurrencies through debit/credit cards.

Lastly, Changelly charges a commission fee of 0.5% on each trade, which is minimal in exchange for the volatility and risk that they bear on behalf of their users.

Use Changelly Now

5. Coinbase

Coinbase

Coinbase is another popular Bitcoin and cryptocurrency exchange that one can use for buying/selling cryptos like Bitcoin, Bitcoin Cash, Ethereum, and Litecoin.

You can deposit your fiat currency (USD, EUR, GBP etc) into Coinbase and easily collect your cryptocurrencies that you can later withdraw in a Ledger Nano S or Trezor-like device.

Coinbase also becomes handy because it allows you to buy cryptocurrencies via credit/debit cards. You can buy cryptocurrencies on Coinbase by following these simple steps:

(However, check if their service is available in your country here.)

  1. Register at Coinbase.
  2. Complete photo ID verification.
  3. Go to the payment methods page.
  4. Click on +Add Payment Method on the right-hand side.
  5. Choose Card and add the credit/debit card.
  6. Accept and allow Coinbase to make two small transactions.
  7. Coinbase will make two very small test transactions between 1.01 and 1.99 in your local currency. Log in to your card statement account and note the amount of those transactions.
  8. Enter the amounts transacted in the Coinbase app.

Use Coinbase Now

6. CEX.io

Buy-Bitcoins-from-CEX

CEX.io is another reputed website for buying/selling cryptocurrencies for beginners because their UI is very easy to use and their past track record has been pretty good too.

CEX is a UK-based exchange and has been operating since 2013.

Similar to Coinbase, you can deposit fiat currencies like EUR, GBP, USD, RUB etc on CEX too and buy/sell cryptocurrencies like Bitcoin, Bitcoin Cash, Ethereum, Stellar, and Ripple.

In terms of liquidity too, they are doing well, not to forget that their main traffic is from fiat currencies. (They are in top 35 cryptocurrency exchange as per CMC).

Their feature of letting users buy cryptocurrencies via debit/credit card also makes it an easy to use option for many beginners.

You can buy cryptos by following these simple steps (taken an example of Ethereum):

  • Register at CEX.
  • Go to Cards.
  • Configure your credit/debit card.
  • Verify your credit/debit card.
  • Select the amount of Ethereum to buy/sell.
  • Exchange your currency for Ethereum.

Buy-Bitcoin-using-Credit-card

The card verification takes 24-48 hours, but post that, you can buy ETH instantly. That’s why we recommend you that you keep your card configured in CEX even if you don’t have immediate plans to buy ETH.

Here is a video guide to help you on how to link a credit/debit card on CEX.IO:

Also, they have wider coverage of countries than Coinbase with mobile apps for both Android and iOS versions.

7. Bitfinex

Bitfinex is one of the oldest players in the race of crypto exchanges for beginners. It is much like Bittrex but unlike it deals in fiat currencies like USD, EUR & GBP.

Bitfinex always has enormous volume so one need not worry about liquidity while buying or selling on this exchange as it always ranks amongst the top 10 on CMC.

Plus the exchange UI is clean and has sufficient instructions on each page that will help any noob to use it efficiently.

Also, to get started on Bitfinex, you need to register, verify your ID, and authenticate yourself. It typically takes 15-20 business days after submitting valid ID proof before you’re accepted into the platform.

Lastly, do check out their mobile apps (Android App | iOS App) because they are good enough to be used while trading on the go.

  • Start Trading On Bitfinex
  • Fees: 0.1% to 0.8% (details here).
  • Accessible Globally [Bitfinex serves all countries with the exception of the United States; Bosnia and Herzegovina; Democratic People’s Republic of Korea (North Korea); Ethiopia; Iran; Iraq; Syria; Uganda; Vanuatu; and, Yemen.]

Use Bitfinex Now

The Best Beginner’s Cryptocurrency Exchange

So you see for beginners also lot many options are available in the crypto-sphere.

Do remember that all these exchanges are centralized in nature. Hence it is strictly advised that you do not use them as you day-to-day wallet for HODLing cryptocurrencies for the longer term. Read this article to know more about the risks of using a centralized cryptocurrency exchange.

It’s your turn to tell me: Which one of these exchanges do you like the best? Also, what are other good beginners exchange that I haven’t listed here? Let me hear your thoughts in the comments below!

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Source: Coinsutra

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