How to pick a trading platform?

[lunaelucemauram]

Hi I am just new in trading I just want to know how do you pick a trading platform? I am so confuse on how to pick a nice trading platform also I want to know what coin should I start to used for my trading.
 

[1714867290]

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[1714867290]

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[1714867290]

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[1714867290]

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[richcorner100]

You have to chooce it according to high daily trading volume, friendly customer support, and that exchange listed alot of potential coin. And so far Binance exchange is the best choice. To start trade chooce coin that the price in the bottom and has higher trading volume.

[plpatel]

There are many crypto exchanges, where you can start trading, what you need to do is just register.
But the main point is, what you want from trading platform, like ease of doing trades, friendly & prompt customer support, maximum trading pairs available to trade for, high trading volume etc. It all depends on you, your capacity and your needs to do trading on exchanges.

[waxload]

Hi,

Choosing a platform for trading is not an easy task : there is many details to take in consideration. 

A lot of them are subjectif and a directed to your need in terms of usability.  Let me tell you what I am looking for :

- Starting with the support of the platform : Will it be present in cas of issue ?
- Does it provide some security features : 2fa authentification and mail confirmation.
- What are the pairs they propose to trade : When looking for a particular digital currency I always check where it is available...not every exchange gives the same pairs to trade.
- What is the reputation of the exchange : enough story on the web to have a full view of the many experience seen on the different exchange.
- Then most likely the volume of trade you will handle have to meet the volume of trade in the exchange.

I would pay attention not to store too much coin on an exchange but rather in a private wallet ....as the exchange can close his door and take our found (what actually happen to me in coinhouse dot eu)

Time is the key,

[biofuel]

Hi I am just new in trading I just want to know how do you pick a trading platform? I am so confuse on how to pick a nice trading platform also I want to know what coin should I start to used for my trading.
 

Chose ETH or BTC because they are the most tradable assets on that market. Keep in mind that ETH has a higher volatility than BTC. So if you're a newbie then ETH trading can cause a higher damage to your deposit balance.

[Avengers360]

Hi I am just new in trading I just want to know how do you pick a trading platform? I am so confuse on how to pick a nice trading platform also I want to know what coin should I start to used for my trading.
 

It depends on your trading strategy.
But for a start, I think top centralized exchanges (by volume) is the best option, eg binance.

For coin to start with, it also depends on your strategy.
You need a coin with healthy volatility and for arbitrage trading, the spread across exchanges should be high.
Endeavour to do your own research!

[Ardazello]

Hi I am just new in trading I just want to know how do you pick a trading platform? I am so confuse on how to pick a nice trading platform also I want to know what coin should I start to used for my trading.
 

There are many topics related to the question "how to pick a trading platform" in that forum.

Check some of them:
https://bitcointalk.org/index.php?topic=2918431.0
https://bitcointalk.org/index.php?topic=2939981.0

[jankekek]

Hi I am just new in trading I just want to know how do you pick a trading platform? I am so confuse on how to pick a nice trading platform also I want to know what coin should I start to used for my trading.
 

You should choose trading platform/s with ; a high conduct from the public, high-volumed exchange/s, many coins available for trading, better security in order for you to be assure that your funds are safe, good customer service, lower transaction fees and fast transactions. I know that there are so many different trading platforms but it is still important to be wise on choosing a good one.

[Davido1174]

Their are a lot of trading platforms in this industry but you need to select the one that is good and has a lot of coins listed in it before commencing your trades. You need to make research and pick the coins you wish to trade. No one can recommend coins for you and do not take recommendations

[diceoption.com]

High daily trading volume is 1st 

[Salauddin1994]

first, you decided that Usually, you can trade in two types 1) Forex 2) Cryptocurrency. than start trade 1-2 platform.

 

1. Forex

Convenience

stock trading is a very profitable business. Whenever your foreign currency price increases, you will sell it. When the price of the currency decreases, then buy. Forex trading can start at just $ 10. Then you can earn income slowly. But sometimes some dealers can give you bonuses. This virtual trading will expand your business knowledge without any risk to you. There is a great amount of benefit or loan facility. You can become a lot of money in just 20-225 seconds. The most notable of these benefits is that you can sit in your home. This will save you a lot of time. You can do this business from any part of this virtual world. The liquidity market is also more like the market. You can sell before you buy it. No commission is required to buy and sell.

discomfort

There is always doubt about the price. 24-hour business, which is painful for a man. You have to take help from professional traders. The risk of hacking is always there. It is very risky for inexpensive traders. You have to be careful every moment when price increases. As a result, your sleep could become forbidden. You have to deposit in your account. As a result, it will tell you never think of getting money without investment. Must have experience in the business.

2. Cryptocurrency

Learning More about How Cryptocurrency Works

If at this point, you feel a little bit confused, don’t worry and don’t give up. Understanding the concepts that are fundamental to cryptocurrency is a challenge. One explanation works for some people, and a different explanation works of others. We all learn in different ways.

The trick with cryptocurrency is not getting worried if you don’t understand it at first – each new video, explanation, or article that you learn from will make your understanding of cryptocurrency clearer until, eventually, it clicks.

To learn more, visit some of the other, more technical pages on our site to dive deeper into the inner-workings of cryptocurrency. You can also watch informational videos about the how cryptocurrency works such as the one below.

if you can now see the full article so go it https://goo.gl/eexKEr

Note that: I think first of all you have a good idea about all things, and you can lose your principal money, and you can make more profit

please Read carefully and if you have a Zero-knowledge so do not start trading, firstly you can try now Demo account 1) Forex 2) Cryptocurrency. trading base market.

[tnabielec]

Depends wether you're planning on going short aswell.

The most common amongst community seems to be the following:

For margin-trading: Bitmex.
For normal trading: Binance

Both are respected and have never been hacked.

[Premooooo]

There are many legit trading platforms that you have to verify before you can start trading with the information you need to get to know your full potential.

[harizen]

Hi I am just new in trading I just want to know how do you pick a trading platform? I am so confuse on how to pick a nice trading platform also I want to know what coin should I start to used for my trading.
 

Since you are a newbie, choose a trading platform wherein already built a good reputation in the crypto world. Although no assurance that everything will be fine, by choosing a reputable* exchange, you are minimizing the risks of getting into fraud.

Now here's what to do to sort out things out. Do search of your concern on your favorite search engine then compile all the results. Compile each results including the feedback and description of that exchanges. Now since you posted here, also compile people's view about a certain exchange or you can used again your favorite search engine to find a related thread here in bitcointalk.

It's time consuming but it will help you to find what suits you. After all when time comes that you already built a good experience, you will now know how to play with multiple exchanges and play with the risks.

[BrewMaster]

you basically choose a trading platform that has not scammed anyone YET and pray to god that when they start scamming people you detect it fast and are capable of withdrawing before you lose everything you have on that exchange. because they will eventually scam you.

[gilangIDR]

Hi I am just new in trading I just want to know how do you pick a trading platform? I am so confuse on how to pick a nice trading platform also I want to know what coin should I start to used for my trading.
 

If you are a beginner then you must choose a coin platform that has a low price. Leave it when a reputation is bad, but the most important thing for you is that you will get experience. Experience is the most important thing because with this you can make a decision that is far more important in the future. This is an opportunity to be able to do a lot better, learn everything related to Trading so that a trader will get closer to wealth, I think this is not hypocritical because everyone would want the best for themselves.

[freezzeer]

There is a so many good trading platforms and bad trading platforms.All trading platforms are hackable.So if you willing to be a day trader start with small amount of BTC and rest must move to a hardware wallet.if you willing to be a hodler,move your all coins to a hardware wallet after the purchasing  

[kryptqnick]

Hi I am just new in trading I just want to know how do you pick a trading platform? I am so confuse on how to pick a nice trading platform also I want to know what coin should I start to used for my trading.
 

Greetings! I think that you should start from looking at the charts on coinmarketcap to choose the coins you'd like to trade. If these will definitely be the most popular coins then you can skip this part, but if you are into finding the hidden jewels, then this is where you begin your journey, since not many exchanges are likely to have it traded. Coinmarketcap.com is useful to chack on which exchanges and in which trading pairs a coin is traded as well. If you want to  start from an exchange, I would recommend bittrex as a trusted, huge exchange with relatively plain design (lot's of options and charts might confuse newbies on other exchanges). Keep in mind that you probably need to provide id when withdrawing money from this website, though. If you want a fast, cheap and 'no ID' exchange with a bit confusing design you'll have to get used to, try Hitbtc. Good luck!

[cokroalif]

if you trade, I recommend the BINANCE market, many crypto currencies are traded and also double level security, deposit and fast withdrawal, fast response support

[Kemarit]

I agree with @kryptqnick - coinmarketcap might be a good source (https://coinmarketcap.com/rankings/exchanges/).
Usually traders know their stuff so they do their activity on the top 5 of that list. But I have to disagree with HitBTC though, so many alarms being raised in the last few months so I wouldn't recommend that one. As for the OP's second question,  I really can't say, others like me started to trade with bitcoin but with money that I can afford to lose then gradually moving to altcoin market when I have gained some experienced and comfortable making that orders and playing with the market.