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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)
Bitlover10
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September 12, 2020, 12:11:55 AM
 #41

Binance exchange is good trading platform for beginners because here you can find good liquidity and easy to use plateform. But sometimes binance is also working as a stealing money from their customers. When btc price is moving fast then sometimes its stop working and traders can't able to put stop loss or close their trade and get liquidate their fund. So it's also important to prepare yourself for this kind of situation.

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September 12, 2020, 04:01:51 AM
 #42

 Basically i like Binance, KuCoin, BitFinex which are in leading position in crypto market. No doubt that Binance is number one position but my trading depends on which market token listed that i targeted. But problem is at present time withdrew fee to too high so that everybody are in problem of all exchanges. So hope very recent high fee will be decrease and we will be happy in trading all exchanges.

thanks.
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September 13, 2020, 02:52:53 PM
 #43

It is such a sad thing to see poloniex+bittrex and kraken not getting any votes at all, these were the high points of trading at one point.

Obviously it has been like 4 years since they were the best, but after cryptsy got hacked, poloniex became the top exchange for a while, everyone was using polo and they were loving it as well, the volume was the highest anywhere, at the same time people used kraken and eventually moved to bittrex from polo as well, bittrex was a bit later than polo for famous period, but after bittrex people moved to binance when it came out and now these three places are so low on the list that it didn't even get a vote at all. This is why you have to listen to feedback, if you do not you could go from top of the list to not getting a single vote.
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September 13, 2020, 03:15:11 PM
 #44

Binance exchange is good trading platform for beginners because here you can find good liquidity and easy to use plateform. But sometimes binance is also working as a stealing money from their customers. When btc price is moving fast then sometimes its stop working and traders can't able to put stop loss or close their trade and get liquidate their fund. So it's also important to prepare yourself for this kind of situation.
I agree, even as a beginner in crypto world and first time to use Binance exchange, I can easily adapt to their platform and I already know that Binance will be better platform someday. Trading view is also a good trading platform and easily to use. I also allow you to create your own chart and analyze their properly.

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September 14, 2020, 04:16:37 PM
 #45

Seems like you’re more into centralized exchanges and you have not tried the exchanges that are decentralized.
There are still many of them out there that you have not tried yet.

From this list you have made here, I would say that Coinbase/Coinbase Pro is the best exchange and one thing I like about them is that they have a user interface that is extremely simple, even as a newbie back when I started making use of their exchange I was able to understand everything easily, and they are offering wide variety of altcoins, although when it comes to altcoins Binance is offering more of that, so I’d say of you’re more into altcoins, Binance will be a good choice or you can use the both of them.

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September 15, 2020, 10:09:42 AM
 #46

I don't recommend just choosing an exchange from this list and trading on it. You need to register on the cryptocurrency exchanges that you like and study the interface. If the interface is convenient, then you can already proceed to the review of this exchange. By the way, on this page there is an overview of three cryptocurrency exchanges from the author's list.
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September 15, 2020, 10:59:54 AM
 #47

Just like most of the comments they go chose to trade on Binance which I do as well. I am now currently trading on Binance and things work well I'd say. The volume was in great shape and everything so I would really recommend this for beginners. Usually, I only trade on reputable exchanges and stay away from those who gain negative feedbacks as possible. So there you have it, for newbies just go for reputable exchanges and everything will be fine.



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September 15, 2020, 06:14:47 PM
 #48

Beginners do not really have to pick a place that is best for them, they have to pick what is best for everyone as well. If you are a newbie, pick a place that is trustworthy and people love, that is all you can care about and that is all you can work for, there is nothing else that could make you go berzerk or anything.

However it is not something that will help you out forever, you could change it time to time, I have been around for a long time and have used probably tens of exchanges so far, but for the start you have to pick a place that everyone uses so that you know you are not doing anything wrong. This will go on until you feel more comfortable and start to invest or trade smaller coins that only exists in few places, which will result with you using many exchanges.

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September 15, 2020, 08:01:21 PM
 #49

Your objective is good but can you take down the difference too to enlighten other members why do you choose those exchanges.

In getting bias I recommended to the binance because they have a lot of features and faster transactions.

Also, they have different types of exchange and trading too so I like this also they have a good market volume.

With the use of their website and application, you can usually visit your trades, buy and sell this may help you a lot for being convenient.
Yes, as a newbie, who went to this section of the forum to learn which platform is good and convenient for beginners, it would definitely be informative and helpful if he stated the pros and cons of each different platform. Also, In stock trading platform they have this features called "Shorting". Does one of these platforms also offer this feature?

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September 15, 2020, 11:04:03 PM
 #50

As expected, the poll results have shown Binance, KuCoin and BitFinex to be the best trading platforms for beginners. And I completely agree
with the poll results, Based on my trading experience so far these three exchanges are very easy to use for beginners. Especially for the Binance
exchange, there are many trading features that make it easier for users to trade. It's no wonder Binance is the best exchanges until now.

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September 16, 2020, 05:42:05 AM
 #51

As expected, the poll results have shown Binance, KuCoin and BitFinex to be the best trading platforms for beginners. And I completely agree
with the poll results, Based on my trading experience so far these three exchanges are very easy to use for beginners. Especially for the Binance
exchange, there are many trading features that make it easier for users to trade. It's no wonder Binance is the best exchanges until now.
Binance maybe the best exchange but still we don't have to rely on single exchange to avoid monopoly/centralization on crypto field because we never know how they will change in the future if there is no competitors for then. And coinbase can also be considered as good exchange but not the best due to poor support of high fees compared to others.
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September 16, 2020, 06:53:40 AM
 #52

The exchanges you tagged as average can be someone else’s favourite exchange , it all depends what you’re looking for . For exchanges it’s always like a competition and they are trying to do things that are going to help attract more traders or users to make use of their platform, it can be that they are offering trading with very low fees, and for some, they are providing an interface that is really good and attractive, but their fees will be high. They all differs, there are lots of ways that they are better than each other, so once you have tried them out, you will be able to determine what’s better for you.

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September 16, 2020, 12:35:13 PM
 #53

Definitely the first option. We are talking about the biggest exchanges in the crypto world and to discuss that means that you are discussing peoples choices as peoples choices, how could you do that? People already chose those exchanges which is why they have the highest volumes, which means to talk about what people chose already as what people would prefer would be idiotic.

You can't know what people prefer better than those people, they know their own choices and they have already made it known. Obviously I could say that bittrex could be there as well to add to those ones, but if you remove it I wouldn't say anything neither because that list is perfect. Any list that has binance would bound to win anyway, if you made it individual I would say binance.

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carlisle1
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September 16, 2020, 02:06:23 PM
 #54

As expected, the poll results have shown Binance, KuCoin and BitFinex to be the best trading platforms for beginners. And I completely agree
with the poll results, Based on my trading experience so far these three exchanges are very easy to use for beginners. Especially for the Binance
exchange, there are many trading features that make it easier for users to trade. It's no wonder Binance is the best exchanges until now.
For the Beginners they must experience the Best and safe thats why those Big 3 exchange is top in the list.
For all of us who uses those exchange can answer this easily right?because what we all need is to be safer and has a lot of option to trade without manipulation.
Binance exchange is good trading platform for beginners because here you can find good liquidity and easy to use plateform. But sometimes binance is also working as a stealing money from their customers. When btc price is moving fast then sometimes its stop working and traders can't able to put stop loss or close their trade and get liquidate their fund. So it's also important to prepare yourself for this kind of situation.
binance with Free trading bot so beginners can enjoy unlimited practices.
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September 16, 2020, 03:48:22 PM
 #55

It used to be Poloniex and Coinexchange for me as a beginner in 2017 until Binance took the crown from them in 2018 or so. I liked the ease of navigation on those two sites but CZ Binance brought something topnotch to Binance and it took the shine off them. Kucoin is just a Xerox of Binance. However, the current Binance site isn't that beginner friendly I must say. There are so many works, trading, staking, exchange, spot and derivatives kind of stuff going on there that easily confuse a noob. For instance, one clicks on trade and the options are various. Those early days of Binance a click on trade would only display just one option of buy and sell.  But not now any more. I think the Binance team should just tone down a bit on many products their rush to the market.

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September 16, 2020, 05:46:37 PM
 #56

There is always competition when it comes to trading to survive in a competitive market you need to know the market well. Traders usually trade more on low fee exchanges and the demand for these is much higher it is better to trade in newcomers but you have to learn trading first. Binance is a great place to trade trading fees are low and the best among other exchange sites newcomers are less at risk later.
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September 16, 2020, 05:54:39 PM
 #57

I'll go with Binance, KuCoin, BitFinex tandem although I didn't yet tried to use BitFinex but on the second choice which is the Poloniex, Bittrex, Kraken is the Kraken is also I didn't yet tried to use.
I am really comfortable using the Binance especially before and Kucoin too, they got mobile applications for android and IOS which some beginners are starting to explore trading by their only on their mobile phones, they may find it comfortable at first.

I also side with this statement to a certain extent, and in the sense that I regard Binance as a good platform. Similar to this, KuCoin is also easy to use and I found that the feature of having multiple charts in the same window is super helpful as you can have just 1 tab open and can easily switch between coins rather than having individual tabs for each coin. Poloniex is also good but I hate how quickly it signs you out like 5 mins or so - pretty stupid but other than this the exchange is good.





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September 18, 2020, 01:37:40 PM
 #58

For a "newbie" I could totally suggest the test places, doesn't matter which one since you are not really spending any money but if you could go to test exchange places and they will give you some fake money, like "here is 10 thousand dollars" or whatever and they will tell you to go and make trades with that, obviously you will buy and sell there with fake money but the price changes of the coins will be the real deal, so if bitcoin in real life goes from $10k to $11k you will see it changed in the test exchange as well.

This means while using fake money you will use and test real trading as well. That is the best way to start for a newbie, a real newbie, only after that if you are really good you could end up with making real trades in a real exchange of your choice.
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September 26, 2020, 05:05:25 PM
 #59

tested KuCoin, Bitstamp and cex.io. all good, but since now i need to deposit and withdraw with plastic cards, I use mostly cex.io 
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September 26, 2020, 06:15:11 PM
 #60

In my personal opinion, binance and kucoin are the best for trading. Both are best for user friendly, security and support. Fees and all other elements are bearable to traders.

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