Trading Exchanges for newbiee

[Huskarls]

yes, Bittrex is one of the things I like the most, when I first learned about cryptocurrency trading, I also used Bittrex as a start, easy usage, familiar interface, KYC was not too difficult, withdrawal that was quickly processed was the factor that made this exchange I like it the most

[coinplus]

one thing I do is to find out features that one has against one another and take advantage of it.  Binance and kucoin are the two exchange I trade currently and I am making some profits because of the features in them that are in not in other exchanges.

Yeah, and this is one thing that I believe over time we would actually get to see a better way of listing in the long run. I guess the way things have been lately, we have seen the rate at which like you said, exchanges are coming up with strict policies when it comes to listing which is actually good, but these days the fee it takes to get listed on an exchange is actually a whole lot huge which could actually even be used to develop the project further. This I guess is one of the reasons why we get to see some of these very good coins with projects not getting listed on some of the top exchanges.

I've never consider these two exchanges as the best cause of its market volume compare to the others. But the good thing about ETHERDELATA  is that,  they probably listed new coin. But I appreciate also this exchanges cause this is the first exchanges I have and I've learn trading from it.

EtherDelta is not actually an exchange you really want to be considering, as this is one exchange that is already out the drain. It is a decentralized exchange, had its good times and bad times, but I just saw it as one of the dex that could not keep up and even though right now they have forked to become fork delta, I still see the same thing with the laggy features, the bad UI and so on. I still feel we have not gotten to that stage of decentralized exchange being a top notch usable platform yet, probably, may be binance would make a difference when theirs gets launched.

[Gloria99734]

Good article. I only use Binance,Biitrex, and kucoin. among them Binance is best.its has huge volume and sequrity level is also good. after binance I use bittrex and 3rdly I like to use kucoin.kucoin added new coin mostly and its a news exchange site.

Yes, trade on different exchanges on different needs! thats what i want to talk abt:P

[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:

• Volume
• Secure level
• Liquidity
• Commission fee
• Listing coins

Options:
1. Binance: Strongly and Most recommended! stable, High Vol, safe, liquidity, commission fee cheap, user friendly (apps & web)

2. Bitfinex: Stable, not many coins available (ps. Required for 10k deposit)

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

3. Bithumb: High Vol, Not highly secure (ps:security issue happened, consider well if you really want to use!!)

4. Upbit : Not much volume as Bithumb but no problems so far

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

5. Bittrex - Recommended by FlamingFingers: High Vol, No security issue ever, simple to use

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

7. Kucoin - Recommended by Miro22 and CodyAlfaridzi: Relatively new and small, but doing well on user experience

8. Bitmex - Recommended by CodyAlfaridzi: provide leverage, margin service, high vol, No need KYC.


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

I really like the way you put up this topic, newbies should really know what exchanger to use and stop making the mistakes of running into fake exchangers that zoom off with their money at last. The exchangers listed here are old and reliable, except Kucoin which is still new but still recommended by many.

Another thing newbies need to know is that they shouldn’t only store their coins on exchangers, they should have their own wallets where they store majority of their coins, exchangers can get hacked.

Hope to help somebody from what we have experienced
Wallet is a great topic too, hope to share in next post

[Gloria99734]

Your List will be perfect for the newbie if you remove Bithumb exchange name! It is not a good exchange mate, Users are not safe there! then why you will go there where you have plenty of options to exchange your coins? Though This is your personal list, still Bithumb name you may remove and you should add bittrex name or Bibox Exchange name in the list. Bithumb attacked by the hackers two times in this year and more than 30 Million USD was taken!

Thanks for yr recommendation, I have added a strikethrough on it. But still leave its info here for reference
Bittrex is right here, haha. what you feel on Bibox?

[Gloria99734]

yes, Bittrex is one of the things I like the most, when I first learned about cryptocurrency trading, I also used Bittrex as a start, easy usage, familiar interface, KYC was not too difficult, withdrawal that was quickly processed was the factor that made this exchange I like it the most

Well you really love it!
Add yr point on #1 already 

[Farma]

yes, Bittrex is one of the things I like the most, when I first learned about cryptocurrency trading, I also used Bittrex as a start, easy usage, familiar interface, KYC was not too difficult, withdrawal that was quickly processed was the factor that made this exchange I like it the most

I think Bittrex is too fast for them. maybe it's better they start at liqui, or at idex. Well, both markets are where I learn to trade. and maybe this will be useful, as someone who is not so great at trading, it is better to use minimal funds.

[Gloria99734]

yes, Bittrex is one of the things I like the most, when I first learned about cryptocurrency trading, I also used Bittrex as a start, easy usage, familiar interface, KYC was not too difficult, withdrawal that was quickly processed was the factor that made this exchange I like it the most

I think Bittrex is too fast for them. maybe it's better they start at liqui, or at idex. Well, both markets are where I learn to trade. and maybe this will be useful, as someone who is not so great at trading, it is better to use minimal funds.

Why too fast? I think its easy to use

[Btc_1856]

yes, Bittrex is one of the things I like the most, when I first learned about cryptocurrency trading, I also used Bittrex as a start, easy usage, familiar interface, KYC was not too difficult, withdrawal that was quickly processed was the factor that made this exchange I like it the most

I think Bittrex is too fast for them. maybe it's better they start at liqui, or at idex. Well, both markets are where I learn to trade. and maybe this will be useful, as someone who is not so great at trading, it is better to use minimal funds.

I hope for a newbie, it is very good to get trading experience through index exchange because of their active team behind this exchange which will be very easy for a newbie to find good coins in it. In the beginning, I used to gain knowledge through index only.

[forex]

I think bitfines is not the exchange for newbee, At least because it requires 10k$ deposit. If u have 10k$ for deposit you are not newbiee). P.S. in fact, I myself trade on bitfinix, but I registered there when there was no rule about 10k

[aencarnaci]

yes, Bittrex is one of the things I like the most, when I first learned about cryptocurrency trading, I also used Bittrex as a start, easy usage, familiar interface, KYC was not too difficult, withdrawal that was quickly processed was the factor that made this exchange I like it the most

I think Bittrex is too fast for them. maybe it's better they start at liqui, or at idex. Well, both markets are where I learn to trade. and maybe this will be useful, as someone who is not so great at trading, it is better to use minimal funds.

Too fast ? What do you mean ?
There is nothing like being too fast when it comes to an exchange, what is important is to just understand all you need to know when it comes to trading effectively.

I started my trading career on bittrex actually with the previous interface and I was able to use it as a platform to learn a lot over the years until I started making use of APIs of the exchanges I am using on other applications that enables me to easily trade without having to log in to an exchange every single time.

Nevertheless, trading platform should not just be the thing a newbie should be after, but knowledge, and I would advise that for someone who is just starting, rather than going in with real money, using demo funds on platform like bitmex demo should be a start for newbies as far as I am concerned.

[Altero]

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.

It looks like this exchanges is centralized, controlled by group of people and freeze accounts? It is sound alarming and thanks that I've never put huge amount of money on this exchange. These things really affect the numbers of people do trading in here and might losing big clients.

[el kaka22]

yes, Bittrex is one of the things I like the most, when I first learned about cryptocurrency trading, I also used Bittrex as a start, easy usage, familiar interface, KYC was not too difficult, withdrawal that was quickly processed was the factor that made this exchange I like it the most

I think Bittrex is too fast for them. maybe it's better they start at liqui, or at idex. Well, both markets are where I learn to trade. and maybe this will be useful, as someone who is not so great at trading, it is better to use minimal funds.

Why too fast? I think its easy to use

Bittrex is actually easy to use and not that complex and so is every other exchange that is reputable as long as you know what to do. For instance, Binance have two different interface with one being the simple interface for newbies who are just starting to trade and the complex one for professional traders who know what they are doing.

It is best to at least be sure you are ready to trade effectively and profitably before even attempting to start out on any exchange at all. Get confident with your trading skills, build on your strategy and later on, just pick a reputable exchange you believe would give you what you want.

[carlisle1]

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.

OP given you many option for trading but it doesn’t necmean you need to use it all,you should find which exchange fits your trading habits.sometimes it is regarding to fees,or the sped per transaction or sometimes the availability of your coins .but all those list are good enough to be trusted and for you to make a profit

[darasinmi4show]

What do you mean by trading exchange for newbies? All exchanges are for everybody and no restrictions to a particular rank of bitcointalk. However, what you should have say is that newbies need experience  on how to trade in exchange.

[CASTIEL05]

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.

Every exchange has their own platforms and each exchange has their own way of listing new coins. A lot of exchange I already used and they are really look good. However, I did not use all of the exchanges you said even they are well-known exchange. I use cryptopia because all of my coins I bought and sold came from there.

[d1ceplayer]

Wow, it’s really good to bookmark this page and be checking it as often as could to know what’s popping 😊. I have been making use of Binance and Bitfinex for long now and both has been really good and my favorite among the two is Binance. Never have I used Bithumb and I don’t even plan to do that. I’m looking forward to checking out Bittrex, I have also seen a lot of people talk about Poloniex.

[Gloria99734]

What do you mean by trading exchange for newbies? All exchanges are for everybody and no restrictions to a particular rank of bitcointalk. However, what you should have say is that newbies need experience  on how to trade in exchange.

A simple exchanges report for their reference only, they can found info here without actually use all of them

[darewaller]

What do you mean by trading exchange for newbies? All exchanges are for everybody and no restrictions to a particular rank of bitcointalk. However, what you should have say is that newbies need experience  on how to trade in exchange.

A simple exchanges report for their reference only, they can found info here without actually use all of them

With most exchanges these days, it  is not really relevant to be considering interface when it comes to choosing exchange, what is important is to at least get yourself guaranteed with respect to the security of your money, which is one thing I believe actually counts, and then knowing how reputable the exchange is.

The reason why I said that is because I trade on 3 different exchanges and I only log in to them whenever I only want to be making a withdrawal or deposit, while I use my API to trade on the likes of Tabtrader, which has always served effectively and I believe that is good enough. For reputable exchanges and at least to my own taste, I will say I still feel comfortable with binance and bittrex.

[cryptocointrade.com]

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]

I also like Coinbase and Bitstamp
I use Bitstamp and Coinbase more like exchanges rather than "trading platforms".

For trading I like Bitfinex