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Author Topic: Exchanges for newbies. Does it exist?  (Read 983 times)
fitzhgu (OP)
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May 31, 2019, 06:34:38 AM
 #1

Hello, I'm a newbie for all this crypto stuff, but I have some extra money and I'd like to tr trading. Could u please recommend me some exchanges for newbies? And I'd also appreciate your advice. Thank u
BlackFor3st
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May 31, 2019, 06:40:55 AM
 #2

For safely trading it's better that you should join the top 5 exchanges so you can assure that your funds will not be frozen in case you will need it anytime.

https://coinmarketcap.com/exchanges/volume/24-hour/
You can follow that link and find the best exchange that you like especially those with smooth interface that you can easily trade.

BHFFCF
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May 31, 2019, 07:16:08 AM
 #3

When choosing the exchange it is worth remembering that some stock exchanges have a higher commission, so check carefully not to detect a blocked account due to lack of funds.
bestcoins1
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May 31, 2019, 07:19:58 AM
 #4

Hello, I'm a newbie for all this crypto stuff, but I have some extra money and I'd like to tr trading. Could u please recommend me some exchanges for newbies? And I'd also appreciate your advice. Thank u
There's be same those of exchanger. but you need to learn about how to trading as well and deal. just read a reference as basic then you'll go for trading your money then profits.

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Gerou56
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May 31, 2019, 07:29:35 AM
 #5

Choosing exchange for your first investment is another half the problem. But in order to competently make a portfolio, you first need to obtain basic knowledge. This can be done by studying educational materials, expert strategies on the Taklimakan platform, or by consulting with more experienced cryptocurrency experts.
ballexplorer
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May 31, 2019, 07:30:48 AM
 #6

No matter which Exchange you choose, always remember that you should not park too many coins there.
The reason: your coins are on this market and you have no more private key for your coins. If the stock market is hacked or closed, you can no longer dispose of your coins.
There are enough examples of this.
Ailmand
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May 31, 2019, 07:35:31 AM
 #7

Hello, I'm a newbie for all this crypto stuff, but I have some extra money and I'd like to tr trading. Could u please recommend me some exchanges for newbies? And I'd also appreciate your advice. Thank u

I've seen some test site for trading recently where you can practice trading with fake money to test your steategy. However, I forgot the name of the site. If you want to learn more about trading better to learn it your self and try out trusted platforms by using only small amount of money first to gauge your ability and to test trading. It will take time, your knowledge and experience will make you grow as a trader as time goes by, but just a piece of advice, do not rush on yearning to earn a lot of money as a newbie in trading. Take your time to grow because you might experience a lot of losses during your training process. Just be patient. Good luck.

jessyj48
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May 31, 2019, 07:41:47 AM
 #8

Do not engage in trading or you will lose all your money ,trading requires skills ,you have to learn trading before you can start trading since you are a newbie

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boyptc
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May 31, 2019, 07:43:21 AM
 #9

Go test first your skills through exchanges that are offering demo.

-->https://bitsgap.com/demo-trading/
--> https://coins2learn.com/

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borrorofju
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May 31, 2019, 07:44:02 AM
 #10

There are a few things that I pay attention to when choosing a crypto exchange. Do they allow the use of fiat, which cryptocurrencies are represented and which security systems are used. Low commissions are certainly important, but it’s better to have a strong defense than to lose all your money.
Astvile
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May 31, 2019, 08:10:22 AM
 #11

Hello, I'm a newbie for all this crypto stuff, but I have some extra money and I'd like to tr trading. Could u please recommend me some exchanges for newbies? And I'd also appreciate your advice. Thank u
You can go to coinmarketcap.com and then click on the exchange button and you can find a bunch of exchange ranked by volumes.All of them are almost the same just differ on the coins they are offering and withdraw fees.All of them are user friendly so you can have ease while trading and youll get the vibe of trading too.Just trade on high volume exchanges.Have fun and goodluck

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alexyong342
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May 31, 2019, 08:28:01 AM
 #12

Being a newbie, you should only consider the most secure and reliable cryptocurrency exchange so that your trades and purchases are safe. Also, make sure you never store your funds on the exchange. You must withdraw them back in your wallet. For added security, you can use a hardware wallet. But make sure you choose the right digital wallet to store your funds. Here is a guide to choosing the right digital wallet.
https://www.altcoinsidekick.com/bitcoin-basic-blog/choosing-the-right-digital-wallet-to-store-your-cryptocurrency

There are several exchanges that you can confide in such Coinbase, Binance, KuCoin, and more. Coinbase is one of the most trusted exchanges in the world. For security, coinbase stores 98% of customer funds offline that prevents thefts and loss. Besides, it distributes its bitcoins geographically around the world in safe deposit boxes and vaults. 

If you use Coinbase, you’ll also be able to use Coinbase Pro exchange that has more advanced trading features like margin trading and market, limit & stop orders.
Roosevelt17
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May 31, 2019, 08:33:08 AM
 #13

Well if you're a newbie you can't just jump to an exchange for trading,you need to know the basics,how the market works, check tokens that are on a potential rise and invest wisely.....
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May 31, 2019, 08:37:20 AM
 #14

If you have much free time, you could try crex24 exchange, play with its faucet and get your first coins/tokens.
Then switch to trading and try to earn atleast something. When you feel yourself being ready for investing own money, go with exchange with lower fees, high trading volumes and lots of trading pairs.

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xvids
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May 31, 2019, 08:42:53 AM
 #15

Hello, I'm a newbie for all this crypto stuff, but I have some extra money and I'd like to tr trading. Could u please recommend me some exchanges for newbies? And I'd also appreciate your advice. Thank u
There is no such thing that like that all exchange could be used by newbie,amateur and professional.
How ever if you like you could use a simulator to enhance your trading skill's without even risking your money.
It is better to start with a simulator first since you are just new instead of jumping into trading without a proper knowledge about it.

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May 31, 2019, 08:48:36 AM
 #16

Hello, I'm a newbie for all this crypto stuff, but I have some extra money and I'd like to tr trading. Could u please recommend me some exchanges for newbies? And I'd also appreciate your advice. Thank u
I don't think that there is such thing called as "Exchanges for newbies" because all of the exchanges are for newbies and at the same time for the pros.

It will depend on the trader himself if how knowledgable he is with it regards to trading that is why most traders here always advice that before you trade, gather some information that can help you in order to become a successful trader.

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May 31, 2019, 08:49:04 AM
 #17

Hello, I'm a newbie for all this crypto stuff, but I have some extra money and I'd like to tr trading. Could u please recommend me some exchanges for newbies? And I'd also appreciate your advice. Thank u
There are a lot of good trading sites, but I do not advise you to do so now, They need to experience otherwise you will lose your money.
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May 31, 2019, 08:52:15 AM
 #18

Hello, I'm a newbie for all this crypto stuff, but I have some extra money and I'd like to tr trading. Could u please recommend me some exchanges for newbies? And I'd also appreciate your advice. Thank u

Coinbase is absolute training wheels for newbies to purchase bitcoin and other cryptos with a debit card, though its fees may be too high for trading. Binance, Bittrex, Poloniex, KuCoin, and Bibox are reputable exchanges for newbies. I have not tried others.
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May 31, 2019, 08:58:11 AM
 #19

Hello, I'm a newbie for all this crypto stuff, but I have some extra money and I'd like to tr trading. Could u please recommend me some exchanges for newbies? And I'd also appreciate your advice. Thank u
I don't think that there is such thing called as "Exchanges for newbies" because all of the exchanges are for newbies and at the same time for the pros.

It will depend on the trader himself if how knowledgable he is with it regards to trading that is why most traders here always advice that before you trade, gather some information that can help you in order to become a successful trader.

I agree. There is no such thing as an exchange for newbies - well, Coinbase comes close, due to its baby steps approach - so the focus should be on security. Newbies should learn first and foremost how to secure their crypto. So, again, newbies need to learn about which exchanges are the most reputable and secure. I listed a few above.
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May 31, 2019, 10:00:28 AM
 #20

You will also need to consider the fee's in choosing a platform to trade, some exchange have extremely high fees.

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