Best exchange for a new crypto investor?

[prtty2gal2]

I see tons of new exchanges coming up. Some are really trying to lure in the newbies with their very easy to use front-ends and some nice tools. What you think, should a newbie get involved with an exchange that hasn't established themselves yet in the crypto markets? Or, stick to Binance for example, that has proven themselves to be one of the best and biggest exchanges for newcomers?

Stick to older and trusted exchange where you used to trade is obviously much more bettee decision. Indeed sometime new exchanges offers something attractive but it is better if we wait for a while till there are some reliable reviews about the exchanges. It is OK to try new exchanges but bear in mind that you should limit your budget for the testing purpose to avoid unexpected thing.

Easy way out. Sometimes, I see those who tend to use an exchange that is not well used as a way of looking for trouble based on the fact that how will you be offered a Porsche and then you will decide to want to choose a bike.

It is always a good thing to know what people are really using in the space and then try as much as possible to know which one will suit you best as a new trader, based on some of the features like volume, trading fees, exchange fees and so many other things you can think of as well as security. No matter how attractive some of the new exchanges are, you should not be risking your money unnecessarily.

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[raghovsing34]

Thank you to everyone for your input. Seems like Binance is the way to go and then explore other stuff when you are more familiar with trading.

Absolutely right that Binance is the best and most popular crypto exchange for cryptocurrency traders. I hope you will use it for your trading. I also is used it and still using.

[Capt00]

Thank you to everyone for your input. Seems like Binance is the way to go and then explore other stuff when you are more familiar with trading.

Absolutely right that Binance is the best and most popular crypto exchange for cryptocurrency traders. I hope you will use it for your trading. I also is used it and still using.

Yes, people's choice here is Binance exchange, even me I currently used this exchange for my trading activity.
Having a huge amount of volume and traders that's what people want to do in trading. But if you are not comfortable on that exchange there are some exchange might good and reputable like Binance exchange. I like to trade also in Kucoin exchange but that is only my opinion, still, the decision is yours.

[CASTIEL05]

Try cryptopia! This is the good and friendly-user exchange. You can use it without having a KYC. Aside from that, there are many coins that are legit in this exchange. Cryptopia is the exchange which I cash out above 1000 USD. And I am happy with that since I am just participating in signature campaign and not a full time trader.

[St4yInTh3D4rk]

Try cryptopia! This is the good and friendly-user exchange. You can use it without having a KYC. Aside from that, there are many coins that are legit in this exchange. Cryptopia is the exchange which I cash out above 1000 USD. And I am happy with that since I am just participating in signature campaign and not a full time trader.

Cryptophia exchange have many issues as well so you need to be much cautious with this exchange when you are using it daily but it is a legit exchange with some decent volume and lot of rare trading pairs as well so it may not suit for the regular trader because the fee is little bit higher than binance.

[liuqi]

Try cryptopia! This is the good and friendly-user exchange. You can use it without having a KYC. Aside from that, there are many coins that are legit in this exchange. Cryptopia is the exchange which I cash out above 1000 USD. And I am happy with that since I am just participating in signature campaign and not a full time trader.

Cryptipia is not convient for all the new investors so I recommend to Binance exchange because this will be best decentralized exchange in crypto market. But trading fees is little high at the same this will be a most trusted exchange so we could not worry about our trading.

[bit-freedom]

I normally trade in Binance and sometimes in Kucoin. Both exchanges have no problem in withdrawing coins. Customer support has been prompt. Just make sure you have 2FA set up, good luck!

[dalexc]

Many are the best exchange. But in my opinion, the best exchange for a new crypto investor is - Binance, Kucoin and Bittrex. New investors should definitely invest in a Safe and secure exchange.

[shinchan123]

Hey all!

I'm fairly new to the crypto world and was looking some info about exchanges and which ones might be the best for newcomers like me. I stumbled upon this podcast which seems helpful - http://cryptoandblockchaintalk.com/episode-11-crypto-exchanges-for-new-investors
But looking to hear your opinions as well. Where do you trade and what are your recommendations?

Thanks
Willy

I think if you are a newbie, you should stay away from new exchange sites since most of them still has a problem on their system. Sometimes withdrawals or deposits are delayed. Just stick to trusted exchange sites, since there are huge trade volume there.

[Arthurian60]

For Newly Crypto investors, you can try as much as possible by not trading on the wrong exchange. A lot of exchange today are just here to Scam you of your hard earn money. Best exchange you can go in for is Binance. Truly smooth and easy to use.

[metribitcoin]

I used 4 different exchanges, and all of these exchange has good reputation and high trading volume, that is Binance, HitBTC, Poloniex and Gate.io, In these all exchanges listed many strong fundamental coin, and they have good customer support.

[bryant.coleman]

I would recommend Wex.nz, as they are very reliable and don't ask for KYC. But the problem is that they don't have a large number of trading pairs. They only deal with a few crypto-currencies such as BTC, ETH and XRP. Among the others, Cryptopia is a good option, but there you need to provide your ID documents.

[CodyAlfaridzi]

I normally trade in Binance and sometimes in Kucoin. Both exchanges have no problem in withdrawing coins. Customer support has been prompt. Just make sure you have 2FA set up, good luck!

I would vouch for both exchanges too! Binance has been one of the top exchange for some time now due to their service and continous development. I never had any problem with them. Kucoin is somehow alike with Binance plus more trading pair for smaller coins. I see some great potential in Kucoin.

Both exchange also don't ask for KYC unless you want to trade very high volume AFAIK. So it would be a good place to start for newbie.

[eann014]

Hey all!

I'm fairly new to the crypto world and was looking some info about exchanges and which ones might be the best for newcomers like me. I stumbled upon this podcast which seems helpful - http://cryptoandblockchaintalk.com/episode-11-crypto-exchanges-for-new-investors
But looking to hear your opinions as well. Where do you trade and what are your recommendations?

Thanks
Willy

I use ForkDelta but not all coins are there I think, IDEX is also good for exchanger, you can also try there of you to know if it is okay for you. These two (IDEX and ForkDelta) is what I am using right now.

[BlackPanda]

For a beginner who is new to crypto, they must trade in an exchange that has a good reputation. A beginner must not have a good level of knowledge in choosing an exchange, so choosing a good exchange and also having a user friendly look is a top choice. In my opinion, Bittrex is the first choice, by trading in the exchange, a beginner will feel comfortable and they don't have to think much because usually the coins listed in Bittrex are coins that have good prospects for investment. Do not try to make transactions in exchange that is not trusted, train our abilities from the beginning and we are very likely to get closer to success.

[bchain22]

What exchange has the best selection of coins and tokens available for trade?

[LeGaulois]

Try cryptopia! This is the good and friendly-user exchange. You can use it without having a KYC. Aside from that, there are many coins that are legit in this exchange. Cryptopia is the exchange which I cash out above 1000 USD. And I am happy with that since I am just participating in signature campaign and not a full time trader.

Cryptophia exchange have many issues as well so you need to be much cautious with this exchange when you are using it daily but it is a legit exchange with some decent volume and lot of rare trading pairs as well so it may not suit for the regular trader because the fee is little bit higher than binance.

The problems often don't come from Cryptopia itself but rather from the Altcoins network (wallet maintenances, etc) and since Cryptopia has a huge list of coins, it's normal to see such maintenance (i.e. wallets disabled) more often than other places.

Coinbase, for example, has a very short list of coins so rarely the problem occurs there. Me too I am using it but never got a problem so far.

[secondbtc]

There are many exchanges above 500 exchanges targeting different parts and region, Depend on your requirement
You can also use our exchange https://secondbtc.com

[Not_A_Rocket_Scientist]

What I would suggest is to use is a multi-exchange platform, which allows you to manage all the exchanges from one place. There are not that many services like that online. The only one that is still free to use is bitsgap.com (please let me know if you know any other). So the idea is to add all the crypto exchanges into the interface and and have them all in one place. This way you can easily manage and trade all the coins you have.

[WillyZ]

What I would suggest is to use is a multi-exchange platform, which allows you to manage all the exchanges from one place. There are not that many services like that online. The only one that is still free to use is bitsgap.com (please let me know if you know any other). So the idea is to add all the crypto exchanges into the interface and and have them all in one place. This way you can easily manage and trade all the coins you have.

Are this type of sites safe? Seems like one extra layer of something centralized.