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Author Topic: Trading exchange for beginner?  (Read 626 times)
anti76
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September 24, 2018, 11:55:07 AM
 #21

These exchanges very much.Each has its own rules.Before you register on any exchange, read the instructions carefully.Many beginners lose forever their money foolishly.Here is the link on exchanges: https://coinmarketcap.com/rankings/exchanges/
cryptogeek101
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September 24, 2018, 12:01:19 PM
 #22

How beginner can choose there first trading exchange?
Can anyone suggest me for trading exchange because there is lot of exchanges are available,i m little confused so please suggest me the best trading exchange.

One way of deciding the best cryptocurrency trading exchange to use is to check the reputation of that exchange, secondly the security of the exchange matters a lot, I want to use this opportunity to recommend two most powerful cryptocurrency exchanges that have reputation and security; they are https://kucoin. com and  https://coinbene.com, however carry out a due diligent search on them to ascertain their validity. Thanks

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_Flynn_
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September 24, 2018, 01:00:35 PM
 #23

I can`t recommend you the best one, because there are many good exchanges, maybe you can go to the Coinmarketcap and look here.
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September 24, 2018, 01:02:17 PM
 #24

Binance is one of most popular and well trusted exchange, it has lots of coins and good liquidity. If you need an exchange for chaning FIAT to crypto I use kraken.
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September 24, 2018, 01:16:11 PM
 #25

I would probably start advising the Binance exchange, because they are today a favorite among the centralized exchanges, but if I work with decentralized exchanges, I would probably advise IDEX, I really like this exchange.
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September 24, 2018, 01:26:54 PM
 #26

Binance would be the better exchange for the beginner but it completely depends on what coin you are going to trade,just pic the best exchange with high volumes which can be easier for you to complete your trade in less time.

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asradoni
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September 24, 2018, 01:40:31 PM
 #27

I would probably start advising the Binance exchange, because they are today a favorite among the centralized exchanges, but if I work with decentralized exchanges, I would probably advise IDEX, I really like this exchange.
Sometimes it seems to me that IDEX is the second Binance, every day a large number of tokens pumped up on this exchange. With proper preparation you can earn a good money. It's bad that traded there only ERC-20 compatible tokens, and the withdrawal sometimes takes a long time.
juwon55
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September 24, 2018, 01:48:11 PM
 #28

How beginner can choose there first trading exchange?
Can anyone suggest me for trading exchange because there is lot of exchanges are available,i m little confused so please suggest me the best trading exchange.

Definitely you should choose the exchange platform that you trade on carefully. You need to consider the following things;

1. The Country where you reside in

2. Check on the security measures and other policies. see www.bbod.io for example

3. User-friendliness and Customer support

4. Public image of the exchange


mdenys
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September 24, 2018, 01:54:45 PM
 #29

For a trader-beginner I would recommend decentralized exchanges such as Etherdelta,Forkdelta or IDEX, there's no need to pass verification there,frendly and easy interfaces,huge variety of different tokens ,good volumes.
juwon55
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September 24, 2018, 02:20:44 PM
 #30

For a trader-beginner I would recommend decentralized exchanges such as Etherdelta,Forkdelta or IDEX, there's no need to pass verification there,frendly and easy interfaces,huge variety of different tokens ,good volumes.

Yes.. you're totally i agree with you,.. and the latest and most improved (hybrid) decentralized trading platform would be www.bbod.io
ityandsyn
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September 24, 2018, 02:25:26 PM
 #31

How beginner can choose there first trading exchange?
Can anyone suggest me for trading exchange because there is lot of exchanges are available,i m little confused so please suggest me the best trading exchange.
Hmm.. I recommend to practice without money. there is trading contest. if you take part in it, exchange offers fake money to use in trading contest.
there is quite big giveaway sometimes.. Ruby-X's trading contest is going on as well. check the website and win awards

      This is really interesting since many of the members  including myself are getting confused during trading , maybe because every trading site have different steps and systems , so this is not only for the beginners but also for all interested parties, and I appreciate this ICO in which this is the first time I heard a trading simulation contest .
Andromada
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September 24, 2018, 02:28:41 PM
 #32

If you are a beginner - it does not mean that you need some kind of special exchange for beginners. Choose whichever one you like best. Where there are good volumes, where a lot of currency pairs. Where you do not need to pass the mandatory 2FA
wuvdoll
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September 25, 2018, 05:03:40 AM
 #33

How beginner can choose there first trading exchange?
Can anyone suggest me for trading exchange because there is lot of exchanges are available,i m little confused so please suggest me the best trading exchange.
Depends on where you live. If you live in a place like USA or China than there are big places like coinbase and binance for you. However, if you live in a place where no major exchange exists than the best way to approach bitcoin as a beginner is use a local website.

Each country has their own bitcoin-fiat exchange however small it is, that way you can definitely start getting some bitcoin and still be capable of changing it back to cash quite easily. If you live in a country where coinbase can't send money than there is no point of having an account there considering you are just starting out.
hunnykaushal
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September 25, 2018, 05:14:09 AM
 #34

Cobinhood and Binance are good exchanges for beginners as cobinhood have Fiat option too with lot of good coins on their exchange + they have mobile apps.

Binance is Good because they have good volume and Fiat is coming.
irsada
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September 25, 2018, 05:16:33 AM
 #35

If he is a beginner or a senior, any exchange has a risk, if you are ready to accept the risk, you can trade.
I recommend exchange BINANCE and HITBTC.
Psalms23
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September 25, 2018, 05:16:51 AM
 #36

You can try binance for a more secure trading, even though you are a beginner, Id still say its okay to pracitce in binance, then hitbtc. Try to avoid trading sites asking for privatekey.

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AgentZero23
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September 25, 2018, 05:29:25 AM
 #37

How beginner can choose there first trading exchange?
Can anyone suggest me for trading exchange because there is lot of exchanges are available,i m little confused so please suggest me the best trading exchange.
I would suggest Kucoin, Bit-z and Coinbene for a beginner like you. They have a mobile app which is convenient and easy to use. The interface of these exchanges are not intimidating compared to EtherDelta and Forkdelta which is very hard for beginners.
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September 25, 2018, 05:41:57 AM
 #38

For me the best trading exchange will be hitbtc. There are a lot of coins listed and upcoming coins that will be listed on hitbtc will never have problems in volume because there are a lot of traders on that exchange. Also, you will never have to wait for your coin to be purchased (as long as the price is reasonable) because there are a lot of bids even if the coin just hit the listings. Happy Trading.

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September 25, 2018, 05:44:21 AM
 #39

actually the thing here is that the beginner or newbie as we call it here does not choose the first cryptocurrecny exchange he trades on. The first coin or token you acquire makes that choice for you
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September 25, 2018, 05:45:04 AM
 #40

You can try binance for a more secure trading, even though you are a beginner, Id still say its okay to pracitce in binance, then hitbtc. Try to avoid trading sites asking for privatekey.

Yes maybe you can used that exchange, but of course you need to study first on how to used it. There's a lot of popular exchange site that you may used especially for all beginners binance and Coinbase maybe easy to use. Just analyze first.
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