The cryptoland is perpetually heating up
and more and more newbies are joining this crypto revolution every day.
While some are in the cryptosphere for the money, others are in it for
the technology, like the CoinSutra team.
Whatever
your reasons to get involved may be, you need to remember that every
person excelling in their respective fields was once a beginner. And
from there on, with the right resources and self-education, that person
succeeded.
On similar lines,
CoinSutra is and wants to be your one-stop solution for all
crypto-related queries if you are just beginning your journey in the
cryptoland and help you become a pro at handling cryptocurrencies.
We
have been here for well over one year and have done pretty well in
reaching out to more than 2 million people like you. And that’s the same
reason I am here again today – to tell you about some of the best
crypto trading websites/exchanges for beginners.
When
I started, as a beginner, I was pretty clear on what I wanted before
choosing a cryptocurrency trading website/exchange. It included:
- Ease of usage and UI
- Security of funds
- Past performance
- Development team
- Geographical Operations Map
And to this date, I look at them the same way.
Keeping those parameters in mind, let me throw some light on the best websites to trade your cryptos.
8 Best Crypto-Trading Websites for Beginners:
1- Bitcoin Trader:
See what famous people like Bill Gates and Eric Schmidt have to say about the Bitcoin TraderHow it works?
Fill Out The Registration Form on This Page: Sign Up
Once your registration is accepted, you will
automatically become the newest member of The Bitcoin Trader. This
means you will get to claim our proprietary bitcoin trading software for
free.
Fund Your Account:
Like any business, you need working capital to get started. So to start profiting with The Bitcoin Trader, you must invest any amount you desire of $250 or more.Start Profiting:
Click trade to enjoy precise and accurate
hands-free trading powered by our award-winning algorithm. You can also
set the trading to manual if you prefer to trade on your own.
1. Binance
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)
- Start Trading On Binance
- Fees: 0.1% (claim up to 50% discount)
- Accessible Globally
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. (Also, claim: BitMEX deal-10% Saving for 6 months on trading)
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% |
- Trade On BitMEX
- Accessible Globally
3. KuCoin
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.
- Start Trading On KuCoin
- Fees: 0.1%
- Accessible Globally
4. Changelly
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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. If you want to know more, check out Harsh’s review on Changelly.
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.
If you want to use Changelly, head towards CoinSutra’s Cryptocurrency Exchange – Changelly, and follow the steps given in this guide.
5. 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.)
- Register at Coinbase.
- Complete photo ID verification.
- Go to the payment methods page.
- Click on +Add Payment Method on the right-hand side.
- Choose Card and add the credit/debit card.
- Accept and allow Coinbase to make two small transactions.
- 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.
- Enter the amounts transacted in the Coinbase app.
6. CEX.io
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.
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.
For further reading: A detailed review of CEX.io
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.]
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.
CoinSutra team also uses all these exchanges but we use mainly Ledger Nano S
for storing any cryptocurrency if we have to hold it for more than a
couple of days. Even if you use it, for a few days, we recommend you use
it with proper 2FA authentication.
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!
Original Article source: https://coinsutra.com/best-bitcoin-exchanges/
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Original Article source: https://coinsutra.com/best-bitcoin-exchanges/
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