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Question: Which one is the best set among these exchanges?
Binance, KuCoin, and BitFinex - 22 (88%)
Poloniex, Bittrex, and Kraken - 0 (0%)
HitBTC, GDAX, CEX.io, and BitStamp - 3 (12%)
BitFlyer, Huobi, Upbit, and CoinOne - 0 (0%)
Bithumb, OKEx, and Others - 0 (0%)
Total Voters: 25

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Author Topic: The best trading platform for beginners?  (Read 988 times)
Oilacris
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September 09, 2020, 11:04:45 PM
 #21

I would recommend you a descentralized exchange rather than centralised one . Remember if you do not own they private key you do not own any coins
Yeah, we love decentralization but we cant avoid the fact that we do still need to rely on centralized exchange specially if you've been dealing with Crypto/Fiat pairs which we know that it isnt possible on a DEX.

Its up to the user though if he would consider such option but i would say that cex platforms arent bad either just be sure you dont store up all of your coins on an exchange wallet.

Best trading platform? Always stick with top ones like Binance.
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September 09, 2020, 11:34:37 PM
 #22

I would recommend you a descentralized exchange rather than centralised one . Remember if you do not own they private key you do not own any coins
Yeah, we love decentralization but we cant avoid the fact that we do still need to rely on centralized exchange specially if you've been dealing with Crypto/Fiat pairs which we know that it isnt possible on a DEX.
^ Did you know guys that this decentralized exchange platform has always low adoption than the centralized exchange? Because this decentralized exchange has low liquidity that your sell order will quite take long before it will be executed. For me, the best trading platform for the beginner is Etoro exchange, because they had a copy trading feature that even newbies are easy to use. Nevertheless, Binance is good but don't go there if you are not an expert in having technical analysis or whatever strategy it is.
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September 09, 2020, 11:48:47 PM
 #23

I would recommend you a descentralized exchange rather than centralised one . Remember if you do not own they private key you do not own any coins
Sometimes what you just need is some proof that these exchange is in the idea of taking care of their name for a better and more supporters for the future of their platform. I will prefer to use exchanges that are proven safe wnd atleast able to answer my queries and provide solutions since we will need still easier access to convert in fiat like in Binance who just recently have a direct option in our fiat. It's good to use Dex if we can wait long. It will still based in our preferences in trading.

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September 10, 2020, 03:32:03 AM
 #24

None!
Re: The best trading platform for beginners?
It is the one where you can make your exchange. Where you can make your withdrawal without inconvenience and also deposit.

So: If you Can,
-Deposit
-Trader/exchange
-withdraw
-And is happy.

The OP is somewhat subjective, really only the above must be met and that meets the criteria.

I think the premise should be which exchange has the best fees, does not have KYC, better support and an etecetra so extensive that you realize that the recommendation of a better exchange does not only include newbies, but also experts, or anyone who has made trade, who does not qualify as an expert.

Please! not to go exchange only for the comment of a top list "exchange" Best, you must go because you read the FAQ, or at least you knowr about the conditions of withdrawal, deposit, KYC ...



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September 10, 2020, 06:04:21 AM
 #25

I started cryptotrading months ago, and I had the chance to test few of the best trading platforms and here is my ratings.

Binance (Excellent)
KuCoin (Excellent)
BitFinex (Excellent)

Poloniex (Satisfactory)
Bittrex (Satisfactory)
Kraken (Satisfactory)

HitBTC (Good)
GDAX (Good)
CEX.io (Good)
BitStamp (Good)

Huobi Pro (Testing)
BitFlyer (Testing)
CoinOne (Testing)
Upbit (Testing)

Bithumb (Not Rated Yet)
OKEx (Not Rated Yet)

Drop the list of your best trading platforms here.


Well, for me the best trading platform only is Binance, Kucoin, Houbi, Coinbene, Bitforex, Okex, Upbit and Bibox, these are the exchange
were I used so far and it gave anyhow a nice profit it may not large but it can help me out to sustain all the expenses that I need to pay and to get all my needs commodities.
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September 10, 2020, 06:31:40 AM
 #26

Actually all the exchanges mentioned in the opening post are the best trading platforms for beginners. Just choose what suits with your taste,
according to my recommendation Binance, KuCoin, Okex, Kraken and Huobi are the 5 best exchanges for crypto trading. Because I've been
using the five exchanges I mentioned for a long time and haven't had any problems. But surely everyone has their own criteria in choosing
exchanges for trading. Most importantly choose a popular and trusted exchanges.

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September 10, 2020, 07:16:07 AM
 #27

The listed platform were the best platform as far as popularity is concerned but I still prefer to trade through some of the decentralized exchange for safety purposes. Most time the trading platform you trade through is not the problem but you trading strategy is what matter.
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September 10, 2020, 07:38:22 AM
 #28

~

~Snipped
Meaning they can list scams projects just to profit from the traffic coming into the exchange.

I'm not really surprised about everything he said. Binance has been on a listing spree since july (around the same time the DeFi fomo started). Between August and now, Binance has made over 21 new listings of which over 50% has been DeFi related projects. What these means is that, Binance had to lower their listing standards just to take advantage of the DeFi traffic as most people were following the DeFi craze and patronizing Dex and protocols like Uniswap, Balancer and Synthetix. From a business perspective, Binance was only doing what was necessary to ensure they stay relevant in the space (Bittrex fell because they were fast to certain changes to suit current market needs. The same goes for poloniex). It's clear Binance got caught up in the hype and didn't do DD on their part before making these listings.

CZ was only trying to justify their actions which was wrong. Binance has a track record of listing high quality projects but the quality has dropped in recent times. I'm not sure how projects that paid between $300K - $1M to list on Binance would feel.


Despite their shortcomings, Binance is still one of (if not) the best exchanges to trade in right now.  As a trader ir investor, Its important to do DD and research before trading any assets on Binance. It's better to be safe than sorry.

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September 10, 2020, 05:17:19 PM
 #29

From my point of view, the best cryptocurrency trading platform for beginners are Bittrex and Binance because in my 3 years of experience in using these platforms, I don't face any problems when it comes to depositing and withdrawing my funds, and it is easier to use for beginners. But I mostly used Binance rather Bittrex because I think it is much easier to trade in your mobile phones in Binance.

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September 10, 2020, 09:19:57 PM
 #30

Binance and Kucoin are the best IMO...
It can be said that both exchanges are very user friendly, especially for beginners who want to start trading. I also started trading on Binance and only with questions to the closest people to understand trading there.



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Rainbot
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AniviaBtc
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September 11, 2020, 07:14:56 AM
 #31

For me, based on my experience, Binance is the best and it is very user friendly compared to other trading platforms.

It is not that hard to explore, it is not that hard to learn, you just need to practice and learn how trading works in it. I know it is not that instant to become good and comfortable in trading platform that you are using but you should consider a lot of factors such as time, willingness, and effort to do it.

Just practice and develop your skills in trading so that you will become effective every time you perform transactions.

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September 11, 2020, 08:38:38 AM
 #32

The Amarkets platform is quite comfortable and easy to understand
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September 11, 2020, 01:17:38 PM
 #33

Hitbtc exchange is the best for noobs, this has been my favourite among the listed cryptocurrencies exchange. Trading involves mostly altcoins which are available on Hitbtc but other exchanges listed above are good but won't be easy for those beginners as many of the newly altcoins might not be available for trade. We'll know that, listing on binance exchange is more like hell to some good and sound project but Hitbtc is one of the cheapest to list, so, is the best for noobs.

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September 11, 2020, 01:31:44 PM
 #34

Binance (Excellent)
KuCoin (Excellent)
BitFinex (Excellent)
I have trade using all these 3 platforms and they are among the best, i can say that. But for now there are many more platforms that have different methods of trading.
I use Yobit for day trading and i use localbitcoins for peer to peer trading.
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September 11, 2020, 02:42:48 PM
 #35

I chose Binance, KuCoin, and BitFinex. I just didn't have a choice to vote the way I wanted to) The fact is that I have never traded on BitFinex. And this choice was made by me, because Binance was only represented there. This cryptocurrency exchange will be good for both beginners and professionals.

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September 11, 2020, 04:04:10 PM
 #36

I reccomended that Binance is the best trading platform for the beggener i also preferred first not invest large amount first invest small amount $10-$50 and slowly increased the trading amount not be follow signal group or forum invest your time and increased trading skill and fundamental and technical skill, an others think don't be invest new or shitcoin you mistakenly invest maximum fund in shitcoin so that chance of losses your fund.
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September 11, 2020, 06:14:14 PM
 #37

Market for beginners maybe for me is which have spot trading, not much problem in deposit and withdrawal, and maybe not ask people to do KYC first because maybe some new people don't like to reveal their data into a site or anything else like that. With 3 reason that i mentioned before, maybe already enough to make people keep come back to trading as long there are no problem  with their money especially if they try new sites.

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September 11, 2020, 06:58:40 PM
 #38

Hitbtc exchange is the best for noobs, this has been my favourite among the listed cryptocurrencies exchange. Trading involves mostly altcoins which are available on Hitbtc but other exchanges listed above are good but won't be easy for those beginners as many of the newly altcoins might not be available for trade. We'll know that, listing on binance exchange is more like hell to some good and sound project but Hitbtc is one of the cheapest to list, so, is the best for noobs.
They totally suck, the support team is very slow of having a response in any issues submitted and I don't recommend this for beginner because once you have a mistake they don't answer your request. Another thing also has very high fees upon withdrawal, how could you recommend this to the beginner.

Binance that the most they are suggested, I'm okay with the Binance though they had a good reputation and also good interface for the user. But when it comes to a newbie, always be careful upon using an exchange, we know that the newbie is always a prey to the expert traders. I suggest not doing in trading if you don't have enough skills and knowledge on trading because trading isn't easy task to do.

.
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September 11, 2020, 09:00:18 PM
Last edit: April 23, 2022, 02:30:29 PM by Bgbolahan
 #39

Primexbt https://primexbt.com?signup=202787

It has copy trading tool too
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September 12, 2020, 12:05:29 AM
 #40

Quote
Binance that the most they are suggested, I'm okay with the Binance though they had a good reputation and also good interface for the user. But when it comes to a newbie, always be careful upon using an exchange, we know that the newbie is always a prey to the expert traders. I suggest not doing in trading if you don't have enough skills and knowledge on trading because trading isn't easy task to do.
I agree with that, because for me Binance has a very fast coin service compared to the others, I personally only trade on two exchanges, Binance and Indodax, if Binance added IDR in its trade it would be more fantastic, but that's just my dream hehe
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