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Author Topic: Trading exchange for beginner?  (Read 626 times)
thesmallgod
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September 25, 2018, 05:47:07 AM
 #41

having learn the pros and cons of trading, you need to be sure you are ready and prepare for both the good and the bad. crypto trading is not like HYIP where you wanna make passive income. in case you are holding a particular crypto and you wanna trade it then you first need to know where the crypto is being traded. This will give you intuition of where to sell your crypto. in case you wanna trade generally, then you can get registered on big exchange platform like Binance. see coinmarketcap for list of exchange and daily trading volume
aileen393332xe5157
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September 25, 2018, 05:47:11 AM
 #42

There are many excellent trading floors. But in my opinion, if you are a beginner then try trading on Bittrex. You will not encounter any problems in the transaction.
moonblocks
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September 25, 2018, 05:54:55 AM
 #43

For beginners just start with these destinations but always make sure you research your alternative assets (altcoins/tokens) before you invest...

Bitcoin

https://www.coinbase.com

Altcoins/Tokens

https://www.binance.com
https://www.bibox.com

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September 25, 2018, 06:11:44 AM
 #44

Trading exchange for a beginner, I will recommend etherdelta and forkdelta. These two exchanges are much easier to use and they will atleast expose every beginner to the basics in trading on exchange sites.

●●⚫  CRYPTONITY  ▐|  The Crypto Community Exchange ▐|
Public Sale 1 Starts: Nov 1, 2018 ▐|● https://tokensale.cryptonity.io
xhibit1
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September 25, 2018, 06:15:40 AM
 #45

before suggesting the right exchange for you we have to ask some questions like
1- is your coin trading in that exchange?

2-  Do you know how to trade in exchanges?

3- Can you cope with the huge tx fees of some exchanges?

with these questions you can lookup some top exchanges in coinmarketcap
Rhaizan
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September 25, 2018, 06:38:23 AM
 #46

before suggesting the right exchange for you we have to ask some questions like
1- is your coin trading in that exchange?

2-  Do you know how to trade in exchanges?

3- Can you cope with the huge tx fees of some exchanges?

with these questions you can lookup some top exchanges in coinmarketcap

Before entering in trading you need to be sure that you know how to used it or how it works, trading in crypto is not easy need to prepare on what possible may happen. Every exchange site has differences  but it is good to used only need is analyze first.
iancortis
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September 25, 2018, 01:28:38 PM
 #47

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.

if you are looking for a centralized market, meaning you need to create an account to their website before using it and make trades, i recommend
Mercatox
kucoin
coinexchange
cryptopia

Decentralized market:
IDEX
Etherdelta & Forkdelta
Hope it helps. Goodluck for trading. must read carefully the terms and conditions.
asus09
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September 25, 2018, 01:34:54 PM
 #48

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 think every exchange can be a learning material for you, huh. there are many choices. but the most important thing is not where you trade, but how you can get involved and benefit from trading. that is the point, so the point is you have to find out about crypto trading.

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masterkiller
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September 25, 2018, 01:39:22 PM
 #49

I think all the exchanges are the same, the difference may be just a fee because some exchanges make very large fees like bancor, I suggest trading in poloniex or binance, in addition to the many altcoin options, both also have a fantastic total supply, making it easier we are for scalping



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September 25, 2018, 01:46:06 PM
 #50

I will not say anything new, I just join the majority opinion about the Binance exchange, because I seem to have a lot of exchanges today, but they really do not have good support and community verification.
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September 25, 2018, 02:49:51 PM
 #51

If you want to trade, you must have basic knowledge of Crypto trading. Bitfinix, Bitrex,Binance is of the most popular and well-trusted exchange, those exchanges have lots of coins and good volumes.
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September 25, 2018, 02:51:09 PM
 #52

I support with the poster above me. I have always traded with bittrex at the very beginning of my crypto trading and most recently am also using binance and some fee others I occasionally use.
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September 25, 2018, 03:00:31 PM
 #53

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.

If you want to begin trading, just start with some coins with few amounts but high volume.
Use some easy centralized exchange like hitbtc, the requirement for register is not that complicated.
You must choose a good exchange, which can process your deposit and withdrawal quickly if you want to trading.

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September 25, 2018, 04:16:34 PM
 #54

At the moment, almost all crypto-currency exchanges have a fairly simple functionality, which even a child can cope with. Decentralized exchanges seem more complicated to me, but 10 minutes is usually enough to get acquainted with it. For novice traders and investors, I would advise Binance.

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September 26, 2018, 05:59:26 PM
 #55

As a beginner, you should learn about crypto trading and create some account in popular exchangers like Binance, HitBTC, Bitfinix,  BitForex,  Liquid etc. You should analyze the everyday market and develop your skill. Then deposit your asset in your favorite exchangers who have secure and good volume and start your treading.

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September 27, 2018, 08:37:06 AM
 #56

Bittrex will be vevry nice there, it is not like Binance that has quite another way of processes so I think that Bittrex will be more comfortable for you.
Bittrex actually do have a lot of processes nowadays for new beginners than binance. At least, to the best of my knowledge you really will not need a KYC to start trading on Binance and you will have access to a maximum of 2btc withdrawal per day which I believe is good enough.

Binance is actually a very good choice for low fees anyway, but whichever way, as long as the exchange is reputable and you can trust being on the exchange, I do not think there should be any issue and most especially when you know what you are doing as a trader.
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September 27, 2018, 08:45:47 AM
 #57

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.

if I think all the exchanges are the same, the difference is a coin and volume in the market exchange, my advice is better you trade in an exchange that has a large amount of volume buy or sell and a lot of coins, so that you are easier to find profit, then I suggest that you trading in exchange Binance, Coinbene and Okex.

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September 27, 2018, 09:20:21 AM
 #58

I would suggest https://tradesatoshi.com/ and the main reasons for it are:


  • There is volume on it, but not too much volume, where you are competing with the trading bots. When I started to use exchanges, it was frustrating to me when I made an order and then next second, someone's trading bot immediately beat my order by 1 satoshis.
  • The mininum trade amount is low. Some exchanges require you to put minimum order of 0.001 BTC or 0.0005 BTC. When you start and just want to experiment, it's better to do with exchanges that don't require you to put a lot on a single order. With TradeSatoshis, the minimum BTC order is 1000 satoshis.
  • You can also choose from many markets, not just BTC market. It has DOGE, LTC, ETH markets for example. There, the minimum order can be even lower. With DOGE market for example, it is just 1 DOGE.

One of the downside of this and also many other exchanges is high BTC withdrawal fee, Solution for this is to find the exchange with low BTC withdrawal fee that you are comfortable with and then move the funds using some other currency. DOGE coin is perfect for this. Low fees and almost every exchange supports it.

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September 27, 2018, 09:26:34 AM
 #59

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.
There are two types of crypto exchanges in the market, Decentralized exchanges, and centralized exchanges.

Centralized exchanges which are you have to create an account first in order to start trading, there are some centralized exchanges that need to pass the KYC (Know your customer). before you are going to use their exchanges.

List of some famous centralized exchanges:

Binance
Bittrex
Bitfinex
Coinbase
Kraken

List of some famous decentralized exchanges:

Idex
Etherdelta
Airswap
Waves
Bancor protocol

But of course, you should make some research first in order for you to avoid any problems.

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September 27, 2018, 09:29:56 AM
 #60

If you are new, you should choose the good Exchange, have large transactions! They will have good support when you ask for help! Binance.com is also a good exchange for you to get started!
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