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Author Topic: Best exchange for beginner?  (Read 5498 times)
RadikGG
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May 18, 2018, 01:25:56 PM
 #1001

I was away from crypto for years and now I'm trying to get back into the game.  I was really STUNNED that there is no exchange, even after many years since bitcoin started, that we can just deposit USD and start exchanging altcoins.  I hope I'm wrong because this would be the single biggest hurdle for altcoins to be widely adopted by general public.  There are just too many hurdles to jump over just to START trading. 

best exchange for trading is binance no doubt,  when you already have some skills you need to start trading on idex to buy fresh tokens right after they are unlocked
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caugiay074
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May 18, 2018, 03:47:00 PM
 #1002

I would advise Bittrex, Binance, Poloniex, Kucoin, Yobit, Hitbtc, Etherdelta. I like Hitbtc the most. very easy and fast exchange. orders are placed instantly. here write that they have had problems with this exchange, but I'm fine.
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May 18, 2018, 04:04:18 PM
 #1003

I really enjoyed HITBTC's demo program they have, I would use that for a few weeks to get a hang then go over to other exchanges that such as Bittrex or Polionex because they are safer and have better support. I have lost coins in the past with Hitbtc and did not like how they responded to me so I vote to stay away from that one even though it has a attractive interface.
HITBTC is a rip off! I mean they take away fixed amount of tokens at the time of withdrawal. I just had to pay 170 MSP tokens to make my withdrawal to my private wallet. Also all the trading is so shady over there, looks like its bots working most of the time.

True I have read a lot of negative reviews regarding HITBTCs so I wouldn't actually recommend it to beginners specially since HITBTCs credibility is questionable in the first place. Kucoin is a good exchange platform though and they encourage two factor authentication to make your trading experience much safer.

Pozitiw[4]ik
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May 18, 2018, 04:13:00 PM
 #1004

I think when it belongs to learning, practicing and understanding relationships, it should be an easy-to-understand exchange that not does too many transactions per second.
MMysterious
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May 18, 2018, 04:21:53 PM
 #1005

I really enjoyed HITBTC's demo program they have, I would use that for a few weeks to get a hang then go over to other exchanges that such as Bittrex or Polionex because they are safer and have better support. I have lost coins in the past with Hitbtc and did not like how they responded to me so I vote to stay away from that one even though it has a attractive interface.
HITBTC is a rip off! I mean they take away fixed amount of tokens at the time of withdrawal. I just had to pay 170 MSP tokens to make my withdrawal to my private wallet. Also all the trading is so shady over there, looks like its bots working most of the time.

True I have read a lot of negative reviews regarding HITBTCs so I wouldn't actually recommend it to beginners specially since HITBTCs credibility is questionable in the first place. Kucoin is a good exchange platform though and they encourage two factor authentication to make your trading experience much safer.

I also like Hitbtc interface but I don't like how they are doing their own digits and not following the actual 8 digit in every coins. It is crazy because some coins are already expensive yet it needs to be by hundreds in Hitbtc. And you cannot just simply withdraw the remaining amounts because the withdrawal fees are very expensive like $30 to $40 dollars. Disgraceful. But I am still hoping that they will change it.
colvis
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May 18, 2018, 08:01:50 PM
 #1006

the type of exchange which you are talking about here is hard to find, but there are still easiest way to get that which you want, Now if you have the money that you want to invest in any altcoin direct in your bank, you can open a Remitano or Luno account (Preferably LUNO) buy Bitcoin or ETH directly from your bank to that wallet, after that you can move that which you have bought to the exchange which the coin you intend buying is trading and make your purchase, as simple as that.
dinhbach064
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May 19, 2018, 01:58:52 AM
 #1007

An easy way to trade is Bitpanda. You can pay with your credit card an it is very easy to use. However, it is a bit expensive and only offers BTC, XRP, ETH and Litecoin.
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May 19, 2018, 03:57:19 AM
 #1008

You can use Binance and Etherdelta at the beginning. Etherdelta is the most useful one for erc20 tokens. You can find all erc20 tokens to trade with just contract number. Binance is the most popular and safest one of all exchanges in my opinion..
Daydream 61
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May 19, 2018, 07:28:35 AM
 #1009

For begginers need fast, simple, popular exchange. Also your account must have 2FA for safe. I started trade on Binance and Bittrex - I think is good choice for begginers.and never leave many coins on the exchanges. Always use a private wallet
pedrasantos
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May 19, 2018, 07:31:15 AM
 #1010

binance is good and popular nowadays. but i wouldnt say it is the best exchange. because all centralized exchanges are very risky for traders. anyway we have to use it. decide what you want to buy and check from coinmarketcap which exchanges are listing it and register the one with biggest volume with this altcoin.
Cenil
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May 19, 2018, 07:35:47 AM
 #1011

I think they all are the same, nothing is different and all beginners could learn the same thing from different exchanges. The most important thing how to read the charts and all information in the exchanges.
robertsznotins
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May 19, 2018, 07:36:50 AM
 #1012

I don't quite understand your discontent, you mean if the exchange between the crypt and the crypt on the stock exchange? or still between the dollar and the crypt? if between the crypt and the crypt that can be won on executus or polonex.com and that still does not have the normal exchange between bitcoin and the dollar is so it is not convenient of course.
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May 19, 2018, 08:10:35 AM
 #1013

I think they all are the same, nothing is different and all beginners could learn the same thing from different exchanges. The most important thing how to read the charts and all information in the exchanges.
There is a big difference because the volume is necessary in a trading exchange.
The bigger the volume the more reliable the chart move, so if you are in big exchange you feel safer and at the same time liquidity is not your problem.

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sunrise.now
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May 19, 2018, 11:34:49 AM
 #1014

I highly recommend bittrex because it has a dollar and Bitcoin trade. It is also good for beginners because it has a good interface and it doesn't lag compared to other platforms. Binance is also good for beginners because of its low transaction fee.
An0nyMoose
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May 19, 2018, 11:48:11 AM
 #1015

I think they all are the same, nothing is different and all beginners could learn the same thing from different exchanges. The most important thing how to read the charts and all information in the exchanges.

I agree. Seeing as you pretty much do the same thing on the exchanges, there is no single exchange that is the best. What should matter is the coin that you want to trade and you need to find an exchange that carries that coin. As long as you know what you are doing on the exchanges then any one that you end up choosing would be good and you would have nothing to worry about.

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leechwan23
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May 19, 2018, 12:21:09 PM
 #1016

Well for me when I first trade a coin, I used KuCoin bitcoin exchange, for me it is more user friendly and very simple interface. I easily understand how to trade on this website. Now I added Binance on my exchanges, since it is very popular nowadays and also this have a higher volume and enough pair. I've also monitoring the market price using the mobile app, so whenever I am I can easily access it. Well, it still depends on you, you just need to learn all the details and always be careful on scams site. Just research more and try to understand the charts, this will definitely be a big help.
camtucau482
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May 19, 2018, 04:40:18 PM
 #1017

There are several good exchanges. You can try a few of them. Bittrex has been the best, but it has not been accepting new users for some time. So, the next best is Binance, you can use it and it is user-friendly too. A few exchanges you can try like Kucoin, Yobit, Cryptopia, and Hitbtc.
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May 19, 2018, 06:02:07 PM
 #1018

Usually, I use Binance, KuCoin. Recently I noticed that new exchanges began to appear like Tokenjar, Switcheo. What do you think about them, have they any future?
NikkiS
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May 19, 2018, 06:13:55 PM
 #1019

I think they all are the same, nothing is different and all beginners could learn the same thing from different exchanges. The most important thing how to read the charts and all information in the exchanges.

I agree. Seeing as you pretty much do the same thing on the exchanges, there is no single exchange that is the best. What should matter is the coin that you want to trade and you need to find an exchange that carries that coin. As long as you know what you are doing on the exchanges then any one that you end up choosing would be good and you would have nothing to worry about.
I think so too. If you have any knowledge about exchanges and charts, and you are well informed, then any exchange will suit you. The decisive factor will be whether or not your coins are traded on it.

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May 19, 2018, 06:16:05 PM
 #1020

Cryptopia.co.nz and Binance are very good for beginners, you can easily find new help, and the two exchanges have a lot of coins to choose, and the daily turnover is good.
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