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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 1051 times)
risatrakib
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September 27, 2020, 11:50:45 AM
 #61

I picked Kucoin among them the best trading platform for beginners. KuCoin is a leading cryptocurrency exchange for good reason. Their asset offerings, fees, and UI design make KuCoin a great option for trading crypto for beginners .Kucoin is very easy to use having great security. Binance is also good platform for beginners.
But the worst trading platform to me among them is Hitbtc.

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September 27, 2020, 06:24:01 PM
 #62

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.

Yes, indeed, both of these exchanges were hacked by hackers. This may indicate that the employees of these exchanges did not adhere to the basic requirements for storing cryptocurrency. If the cryptocurrency was stored on cold wallets, no hackers would be able to steal it from the exchange. The positive thing for users is that Binance returned the stolen funds to its customers, and Kucoin has already stated that all losses will be compensated.

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barbara44
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September 28, 2020, 01:39:53 PM
 #63

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.
These days lots of platforms started accommodating traders in demo mode like how gambling houses are doing the same for years. Probably the number of exchanges which are providing  demo mode is very less in crypto space but all forex+crypto exchanges are always coming up with demo mode. For beginners demo accounts are always handy whereas I guess this topic is not just about practicing but about experiencing the real heat of market for relatively new traders. So, only demo mode suggestion will not meet the goal of this topic.

In my personal opinion, binance and kucoin are the best for trading.
Yeah, but all reputed exchanges are good to go with all beginners. Except the level of trading engine's speed and for the concern of less congestion while executing orders, I am also suggesting to go with top level exchanges. After binance and kucoin, I recommend bittrex(KYC is mandatory).
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September 28, 2020, 01:54:06 PM
 #64

Ah so your not a newbie on trading but you are more than a pro because you tested a number of exchanges and most of these are trusted and some are classics . Your not the one that is asking but this can still be a good reference to a newbie trader if which exchange is newbie friendly .

I agree on binance and kuckoin when I was starting I did research and end on those two and I was satisfied. I have not tried bitfinex yet tho
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September 28, 2020, 03:35:29 PM
 #65

All the Exchanges that are listed for voting where the top ones. Every exchange has got the user friendly access, but based on the volume and the listed coins the experience differ with each exchange. When it comes to beginners everything looks new to them, and the user with zero knowledge will surely have little panic. Upon this I prefer beginners participate into bounties and use them into trading during the initial days to gain experience.
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September 28, 2020, 06:45:11 PM
 #66

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.
These days lots of platforms started accommodating traders in demo mode like how gambling houses are doing the same for years. Probably the number of exchanges which are providing  demo mode is very less in crypto space but all forex+crypto exchanges are always coming up with demo mode. For beginners demo accounts are always handy whereas I guess this topic is not just about practicing but about experiencing the real heat of market for relatively new traders. So, only demo mode suggestion will not meet the goal of this topic.
When you get into the "zone" and you know what you are doing, basically it becomes like a muscle memory thing. Every morning you wake up and do the same thing and basically get better at it as well and that is how you spend few hours, after that every few times you check what you check and until night you see what you checked could require action or not and that is how it goes.

Everyone has their own obviously and not all the same but I honestly think that there is really not that much you can do to get it into a habit more than that. Obviously if you are not a full time trader you change it to what you do after you get home from work instead of what you do when you wake up, but there isn't really too much change in the mindset, just the time periods of what you do.
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September 28, 2020, 07:56:10 PM
 #67

When newbies choose a trading platform, they always use reviews on the Internet, because they don't have much experience in this. One way or another, Binance is in great demand and has a stable high authority, as well as on the bitcointalk forum, this cryptocurrency exchange is discussed and responded positively almost everywhere.

They do deserve it though but I just hope they aren't trying to sabotage themselves with their latest doings. Of recent I saw CZ (founder and current CEO) tweeting and deleting within minutes. Most of what he said assuming majority of the community didn't know such behavior already existed it would hard been a red flag in suggesting this exchange to noobs especially as they would be the traget.

On the info page, Binance praise themselves on how due diligence are done in project before listing and founders are to be known by the binance team but few days back after the $Sushi exit scam by founder it was reviewed by CZ himself that projects like that were only listed so they don't miss out on the traffic. Meaning they can list scams projects just to profit from the traffic coming into the exchange.


Every people had their own option to inverse their money and choose the platform to inverse their money.My favorite are binance,coinbase and localbitcoin.The experience on this coin are good and fast response from the buyer.In binance ,it is easy to convert as compared to other exchange.



 

 

 

 

 

 


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September 28, 2020, 08:01:27 PM
 #68

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 
cool, what fees do they have for deposit/withdrawal ?
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September 28, 2020, 10:24:57 PM
 #69


I agree on binance and kuckoin when I was starting I did research and end on those two and I was satisfied. I have not tried bitfinex yet tho

I feel like you will choose Binance and KuCoin as the best trading platforms, and I am also quite satisfied after using both exchanges
for trading. But since the news related to KuCoin being hacked is currently viral, it seems that KuCoin's popularity has decreased.
Hopefully KuCoin can solve the problem well, in order to restore traders trust to reuse KuCoin for trading. For Bitfinex you should try it,
because the quality is as good as Binance. I have used Bitfinex several times and there have been no problems until now. So Bitfinex is
indeed one of the exchanges that I recommend for trading.

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September 30, 2020, 06:21:08 PM
 #70

All the Exchanges that are listed for voting where the top ones. Every exchange has got the user friendly access, but based on the volume and the listed coins the experience differ with each exchange. When it comes to beginners everything looks new to them, and the user with zero knowledge will surely have little panic. Upon this I prefer beginners participate into bounties and use them into trading during the initial days to gain experience.
Doing bounties is waste of time and they need to wait too long to get the rewards to be distributed and they still have to wait for their token to get listed on any exchange so its not really good for the beginners, they can go with the demo trading account it is available for free on many trading platforms.
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September 30, 2020, 06:21:41 PM
 #71

I voted first one. For beginners binance and kucoin is best platform for trading. Because this exchange is very safe, secure and easy for beginners. But recently kucoin was hacked but they ensure they will bear the lose. I saw many exchange Attack by hacker then they do scam or they can't take responsibility. But Kucoin is deferent.
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October 01, 2020, 01:38:56 AM
 #72

I voted first one. For beginners binance and kucoin is best platform for trading. Because this exchange is very safe, secure and easy for beginners. But recently kucoin was hacked but they ensure they will bear the lose. I saw many exchange Attack by hacker then they do scam or they can't take responsibility. But Kucoin is deferent.
I think both exchange is friendly for new user start trading and look faster when deposit and withdrawing our assets, I have use both exchange for long term and always get good result because deposit take few minute for receiving in our wallet, but for binance you must sumbit your kyc for safety your assets to withdraw, many moment binance exchange locked some account when withdrawing because abnormal activity and have pass their kyc document to available withdrawing again. By the way exchange is not most important but analysis how and what coin have to trade is most important in trading because our destination in trading is looking for much profit as soon as possible.

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October 01, 2020, 03:18:29 AM
 #73

I voted first one. For beginners binance and kucoin is best platform for trading. Because this exchange is very safe, secure and easy for beginners. But recently kucoin was hacked but they ensure they will bear the lose. I saw many exchange Attack by hacker then they do scam or they can't take responsibility. But Kucoin is deferent.

You're right binance and kucoin are best for beginners hacks are less here and there is no fear of losing coins if new traders have little idea about investing they can make a lot of money by stocking the currency. In that case the currency will not depreciate too much and if the price increases it will continue to double.
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October 01, 2020, 08:28:28 AM
 #74

The best online stock brokers for beginners. The facts demonstrate that day exchanging can make you rich simply like my top Millionaire Trading Challenge understudies and regardless of whether exchanging will make you rich is truly up to you. I as a rule put resources into Binance, KuCoin, and bittrex these are excellent stages to put resources. On account of newcomers the danger is a lot of lower merchants can get to pretty much every material available. Another favorable position of this record is that you can change the influence and store any sum that suits your financial plan. They are both acceptable when it comes in coin posting and security. They have the great volumes, wherein reality most dealer likes. Liquidity and genuine volume are sufficient even we have high expenses in exchanging.
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October 01, 2020, 01:45:04 PM
 #75

IMO not all of the old and well-known platforms are good enough. Young exchanges also should have been mentioned here. For example, Changelly Pro which unlocks a lot of different tools for comfort trading.
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October 01, 2020, 02:39:19 PM
 #76

IMO not all of the old and well-known platforms are good enough. Young exchanges also should have been mentioned here. For example, Changelly Pro which unlocks a lot of different tools for comfort trading.
Lol then why not just mentioned it?who cares for the new platform when there are already existing that trusted and safe?
Only Bounty Hunters are promoting new exchange because maybe they are being paid shilling ,but for me?i will only use those i believe is safe and that will keep my asset intact.
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October 01, 2020, 10:24:21 PM
 #77

Newbies need to start with a demo account, so any platform with a demo account will be fine.
All exchanges are to one degree or another the same in their interface, once you figure out one, you will immediately figure it out in all.

But first, you need a safe environment to practice your skills, and a demo account is exactly what that environment provides.
In addition to learning how to interact with the exchange interface, you will also learn many basic things in trading.
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October 03, 2020, 10:19:51 AM
 #78

Newbies need to start with a demo account, so any platform with a demo account will be fine.
All exchanges are to one degree or another the same in their interface, once you figure out one, you will immediately figure it out in all.

But first, you need a safe environment to practice your skills, and a demo account is exactly what that environment provides.
In addition to learning how to interact with the exchange interface, you will also learn many basic things in trading.
What resources or an application with a demo version can you offer that would visually resemble the Interface of a cryptocurrency exchange? The fact is that I used several applications from the Play Store, but they very weakly visually resemble the exchange and it is difficult to adapt for a person who is still very poorly oriented in trading.
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October 03, 2020, 02:16:01 PM
 #79

I suggest new people register on every recommended exchange to feel the difference because I think they need to find which exchanges fit their needs. Without registering on the recommended exchanges and only follow other people's suggestions, they will not find what they want. They can try to trade on every exchange, but they don't need to use too big money at the beginning because they only want to found the right exchange for them. After they found it, they can deposit more money to trade, but that will depend on their trading skill.

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October 03, 2020, 07:05:56 PM
 #80

The reason why these places get this much attention is the fact that they are users first and owners later and that is something people rarely understand when they are building any business.

Even if you are starting a cafe, you should know coffee tastes very well, you should be expert at it, if a customer comes in and asks for a specific thing and you never heard of it before you can't just act like you have no idea, but if you know it even if you do not have it you could talk about the reason for it.

Same goes here, these high end exchanges probably were traders first and they wanted certain things and they didn't find it in other places so when they built their own they basically made it so that every user could have what they once wanted to have.

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