Trading Exchanges for newbiee

[Gloria99734]

If you are new to crypto trading, and looking for a platform to trade, here are some platforms I use.
Share with all of you!

Criteria:

Trading Volume ✳️ Secure level ✳️ Commission fee - W=withdrawal fee T=Trading fee ✳️ Listing coins ✳️ Trading pairs

Options:

1. Binance: [Strongly and Most recommended✨]

• Trading Volume/Liquidity : ⭐⭐⭐⭐⭐
• Secure level : ⭐⭐⭐⭐
• Commission fee : 0.1%(W&T) Detail
• Listing coins : 350+
• Crypto trade:✔️
• Fiat trade:✖️

Other Comments: Stable, Old, High Vol, Cheap commission fee, User friendly(Web & Apps)

2. Bitfinex: (ps. Required for 10k deposit)

• Trading Volume/Liquidity : ⭐⭐⭐⭐
• Secure level : ⭐⭐⭐⭐
• Commission fee : 0.1-1%(W) 0-0.2%(T) Detail
• Listing coins : 80+
• Crypto trade:✔️
• Fiat trade:✔️ - USD, EUR

Other Comments: Stable, Not many coins available, Not suit for low-cap investor


Here is some Korea Exchanges, selling price relatively higher, recommend to sell them here.

3. Bithumb (ps: Not a well exchange now - security issue happened, consider well if you really want to use!!)
Many comments on better delete Bithumb on the list, and I add a delete line on it but leave the information for reference

• Trading Volume/Liquidity : ⭐⭐⭐⭐
• Secure level : ⭐
• Commission fee : 1000KRW(W) 0.15%(T) Detail
• Listing coins : 40+
• Crypto trade:✔️
• Fiat trade:✔️ - KRW

Other Comments: Not good secure exchange anymore, High Vol, Not many coins available


4. Upbit :

• Trading Volume/Liquidity : ⭐⭐⭐
• Secure level : ⭐⭐⭐
• Commission fee : 0.25%(W&T) Detail
• Listing coins : 250+
• Crypto trade:✔️
• Fiat trade:✔️ - KRW

Other Comments: Not much volume as Bithumb but no secure issues so far


*******Additional information************

5. Bittrex - Recommended by FlamingFingers:

• Trading Volume/Liquidity : ⭐⭐⭐⭐
• Secure level : ⭐⭐⭐⭐
• Commission fee : 0.25%(T)Free(W) Detail
• Listing coins : 250+
• Crypto trade:✔️
• Fiat trade:✔️ - USD

Other Comments: High Vol, No security issue ever, Simple to use, No withdrawal fee, familiar interface, KYC was not too difficult, withdrawal quickly processed

6. Poloniex - Recommended by Reid: Long history, safe, speedy, Lower withdrawal fees(50k sats)
                                                        - Not recommended by elewton: laggy, needs KYC every time

• Trading Volume/Liquidity : ⭐⭐⭐
• Secure level : ⭐⭐⭐
• Commission fee : 0.1-0.2%(T)Free(W)Detail
• Listing coins : 100+
• Crypto trade:✔️
• Fiat trade:✖️

7. Kucoin - Recommended by Miro22 and CodyAlfaridzi:

• Trading Volume/Liquidity : ⭐⭐⭐
• Secure level : ⭐⭐⭐
• Commission fee : vary(W) 0.1%(T) Detail
• Listing coins : 350+
• Crypto trade:✔️
• Fiat trade:✖️

Other Comments: Relatively new and small, great potential, doing well on user experience

8. Bitmex - Recommended by CodyAlfaridzi:

• Trading Volume/Liquidity : ⭐⭐⭐⭐⭐(bearish market)
• Secure level : ⭐⭐⭐/⭐
• Commission fee : Detail
• Listing coins : 1+
• Crypto trade:✔️
• Fiat trade:✔️ - USD

Other Comments: Provide leverage&margin service, High vol, No need KYC. network

FAQ:Why do we need to use several platforms?

For stable and profitable work in the future, any trader will need several exchanges for several reasons:
1. There are different trading pairs on different exchanges.
2. On some exchanges there is direct input of fiat (sometimes it is very important and convenient).
3. Sometimes all exchanges conduct technical work. Using several exchanges, you will be able to trade even if some of them will conduct technical work.
4. Sometimes exchanges are exposed to hacker attacks. Therefore, you need several exchanges, this will give you the opportunity to always have access to at least part of your deposit.
5. Different exchange rates. Sometimes the exchange rate of a particular currency is very different from the exchange rate on another exchange, so you can profitably sell and buy the currency back.

Thanks EXtremeAEX for information

Welcome to other suggestion

[/list]

[1715246856]

1715246856

[1715246856]

1715246856

[1715246856]

1715246856

[AdamRay]

To start trading, first we need to choose a platform, here are the platforms I use.
Share with all of you

Bicoin: Bithumb, Bitfinex

Tether(trading TUSD or USDT): Binance, Bitmart

ETH: all of above

Welcome to other suggestion

Why do we need to split up so many trading floors? Why do not we trade at a single exchange? I am wondering about this issue and hope you will help me. I'm a beginner to trading. thank you.

[Gloria99734]

To start trading, first we need to choose a platform, here are the platforms I use.
Share with all of you

Bicoin: Bithumb, Bitfinex

Tether(trading TUSD or USDT): Binance, Bitmart

ETH: all of above

Welcome to other suggestion

Why do we need to split up so many trading floors? Why do not we trade at a single exchange? I am wondering about this issue and hope you will help me. I'm a beginner to trading. thank you.

Platforms list different coin by their choice, if you are NOT only trading on BTC, ETH

ALSO, they have different rate on the same coin! you can see the link below,
https://coinmarketcap.com/currencies/bitcoin/#markets
even BTC, some rate higher and some are lower.
Some investor trade at the different platform for the rate difference to get revenue.

[Gloria99734]

One thing forget to mention, the commission fee and service quality are also important

[Nickydog19]

Thanks for your sharing. You may also try CoinBene and etoro.com. Their commission fees are relatively low.

[FlamingFingers]

To be honest, I would stay as far away from Bithumb as possible. Too many security breaches (at least two successful hacks) and more than USD$31 Million stolen by hackers (that's the disclosed number; who knows how much hackers had stolen in 2017). That's not an ideal platform to put your money on to, in my humble opinion.

I would add Bittrex as well—trading for two years on that exchange, and never had an issue, it is one of the top.

[reflector]

To start trading, first we need to choose a platform, here are the platforms I use.
Share with all of you

Bicoin: Bithumb, Bitfinex

Tether(trading TUSD or USDT): Binance, Bitmart

ETH: all of above

Welcome to other suggestion

Trading platform we must choose our crypto then searching the exchanges is the right way. But before to enter this platform we are all beginners in this platform so properly gain some knowledge and pre-plan our investment time period is the procedure of this investment. To be honest day traders are never worried in bearish market but short term and mid term investors are really affected in this situation. So perfect roadmap is prepare our own then involve this platform is a good for future journey.

[Gloria99734]

To be honest, I would stay as far away from Bithumb as possible. Too many security breaches (at least two successful hacks) and more than USD$31 Million stolen by hackers (that's the disclosed number; who knows how much hackers had stolen in 2017). That's not an ideal platform to put your money on to, in my humble opinion.

I would add Bittrex as well—trading for two years on that exchange, and never had an issue, it is one of the top.

Thanks for sharing, I would try Bittrex
Added new info at top

[Buntel168]

I also use Binance for crypto trading, for me Binance is very easy to use with high volume will be easier and faster for trade.

[Ucy]

Just be careful on Bittrex  especially the big traders who cherish their anonymity. They could freeze your account and just ignore you.
 It used to be a great trading platform until it was aquire by some strange group of people.
I didn't even bother returning back to the exchange when they started freezing the accounts of fellow comrades in Crypto. I have reasonable amount of Bitcoin and Litcoin there.

[Gloria99734]

Trading platform we must choose our crypto then searching the exchanges is the right way. But before to enter this platform we are all beginners in this platform so properly gain some knowledge and pre-plan our investment time period is the procedure of this investment. To be honest day traders are never worried in bearish market but short term and mid term investors are really affected in this situation. So perfect roadmap is prepare our own then involve this platform is a good for future journey.

Sure, plan and learn are MUST before we engage in.

[Gloria99734]

I also use Binance for crypto trading, for me Binance is very easy to use with high volume will be easier and faster for trade.

Yeah, Binance really a great platform. My friend use it too

[Gloria99734]

Just be careful on Bittrex  especially the big traders who cherish their anonymity. They could freeze your account and just ignore you.
 It used to be a great trading platform until it was aquire by some strange group of people.
I didn't even bother returning back to the exchange when they started freezing the accounts of fellow comrades in Crypto. I have reasonable amount of Bitcoin and Litcoin there.

Well...really? Have you chased for those lost?

[apityeh71]

To trade crypto and to get more safe in trading activity, i used more than 1 exchanges. And all exchanges that i used have big trading volume and also they have stop limit function that i need it for stop loss,  these exchanges is Binance,  okex,  Bittrex,  Poloniex.  Bittrex and Poloniex is first exchanges that i used when i started crypto trading 2 years ago.

[randythered]

Binance is by far the best when considering everything, the fees are cheap and the interface is clean and efficient. The only thing that slightly lets binance down from a traders point of view is their selectivity in listing coins, I understand their reasoning but it is a shame not to be able to trade some of the lesser-known lowercap coins on binance. Instead we're left with low volume, shady exchanges that charge far too much in fees.

[Binugon]

If you are new to crypto trading, and looking for a platform to trade, here are some platforms I use.
Share with all of you


1. Binance (Strongly recommended)
2. Bitfinex (Stable, not many coins available)
3. Bithumb (ps:security issue happened, consider well)
4. Upbit (Korea exchanges)

Welcome to other suggestion

*******Additional information************
Recommended by FlamingFingers : Bittrex - 2 years exp. and No issue ever

The four platforms are good enough but I will add another one which is OKEx launched by large Chinese bitcoin company, this application maintains strong liquidity in the CNY / BTC pair and manages two main entities including a focus on China's main domestic and international markets, due to exchange it is one of the largest crypto exchanges in the world

[CryptoIyke]

I think bittrex is still a good exchange, they have enough volume and have been trusted having been so long in the exchange business, would have loved they have an app like binance

[LSt56]

I prefer to trade at Bnance and Bittrex. Besides having a high trading volume, the security of both exchanges is also good as well as excellent user service.

[EXtremeAEX]

To start trading, first we need to choose a platform, here are the platforms I use.
Share with all of you

Bicoin: Bithumb, Bitfinex

Tether(trading TUSD or USDT): Binance, Bitmart

ETH: all of above

Welcome to other suggestion

Why do we need to split up so many trading floors? Why do not we trade at a single exchange? I am wondering about this issue and hope you will help me. I'm a beginner to trading. thank you.

For stable and profitable work in the future, any trader will need several exchanges for several reasons:
1. There are different trading pairs on different exchanges.
2. On some exchanges there is direct input of fiat (sometimes it is very important and convenient).
3. Sometimes all exchanges conduct technical work. Using several exchanges, you will be able to trade even if some of them will conduct technical work.
4. Sometimes exchanges are exposed to hacker attacks. Therefore, you need several exchanges, this will give you the opportunity to always have access to at least part of your deposit.
5. Different exchange rates. Sometimes the exchange rate of a particular currency is very different from the exchange rate on another exchange, so you can profitably sell and buy the currency back.

[Slow death]

I have complaints about bitfinex, they ask for many things to verify account, it becomes tiring. bittrex is also a good exchange, but last year it had a lot of problems and turned out to be a dangerous exchange. we have to show the worst exchanges and in my opinion yobit should is the worst exchange in the world, they are a shame for crypto

I prefer to trade at Bnance and Bittrex. Besides having a high trading volume, the security of both exchanges is also good as well as excellent user service.

I also only use these two exchanges, I can not use kraken and I gave up poliniex