slaman29
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May 31, 2019, 10:04:59 AM |
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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.
You shouldn't park ANY coins period. Exchanges are meant for you to exchange coins. If you're a full time trader, then sure, you've got no choice. But if you're just interested in making a trade once and want to hold, then never park coins there. You always think you could risk it but the exchange gets hacked eventually or exit scams or whatever and you're out. Better safe than sorry.
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CryptoBry
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May 31, 2019, 10:09:42 AM |
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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
All cryptocurrency exchanges are actually accepting new bloods into their platform. Maybe you are looking for an exchange that is more user-friendly and easy to navigate compared with others in the same marketplace. For starters, you can go with Binance, Kucoin, Bittrex, and other popular choices but you must avoid HitBTC and Yobit as they can be problematic at times. Always be careful when you are still new in this industry and be careful not be a victim of phishing (always check the URL of the site you are visiting so it is not a fake one).
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iMark
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May 31, 2019, 12:29:05 PM |
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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. Right, don't be in a hurry to enter an exchange, it's good if you learn about crypto basics, understand price changes, trading strategies and many others things. then after that you can try trade in exchanges, there is no special exchange for newbies dude, so you can choose which one you like, the most important thing is to use small capital first ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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traderethereum
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May 31, 2019, 01:17:56 PM |
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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 choose so many good exchanges like Binance, Bittrex, Poloniex, Kucoin, Bitmex, and others to start trading. But every exchange has their own rules that you should obey and mostly, the exchanges need their members to fill KYC which many of us don't like it. If you are fine with KYC, then you can choose that site, but if you don't like KYC, then you can choose Binance. As long as you have skills in trading, you can choose any of exchange to trade.
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CryptoLing
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May 31, 2019, 01:47:41 PM |
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It depends on your need, as newbies what do you want? If you want a decent coin with a good history you could go Bittrex, Poloniex, Coinbase and Binance. Study first before you input your money to those exchange, I would suggest to avoid Bitmex if you are still newbie.
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Distinctin
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May 31, 2019, 01:48:33 PM |
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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. Only I can suggest to OP is that, choose only to make a try, not of trolling them all. Though they are of different exchanges but the process from deposit, trading and withdrawal will all just the same, there is only difference of the buying price and market volume. Anyway, there is a time to explore and to find exchanges that brought us more profits and also we feel comfortable of using it.
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bristlefront
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May 31, 2019, 02:06:21 PM |
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I would advise beginners to use only decentralized exchanges for security reasons. There you can be sure that the exchange does not control your funds and does not have access to your personal wallet. You do not create an account on the exchange, just deposit money on a smart contract. Because trade is managed by smart contract sellers, and buyers can trade peer-to-peer, without intermediaries.
Isn't it bad for newbies to trade on decentralized? As far as I know on etherdelta every action you made has a charge. Aside from those is that newbies may accidentally buys a shitcoins that they cant reverse anymore. Since you are a newbie please read threads that talks about decentralized exchanges are not for newbie traders. That threads are almost a yearly old ones.
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LimLims
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May 31, 2019, 02:19:47 PM |
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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
For a Newbie, First of all i will suggest you to understand How a exchange and trading works. Secondly before signing up in any exchange, i would recommend you to read the terms and conditions. If possible do check all the features of the site. Like withdrawl fees etc. And at last trade wisely. The Best option would be BINANCE, according to me.
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KlepZ
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May 31, 2019, 09:37:55 PM |
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Binance. Binance exchange now needs no introduction as it has been ruling the crypto market for months. This exchange is good for beginners/newbies and advanced users alike. They also have an inbuilt option in their UI to switch between the two modes, a feature that makes their UI very user-friendly. Also, you will never face a liquidity issue while using Binance because it constantly ranks in top 5 exchanges on CMC by volume.
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rizkyhiw
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May 31, 2019, 09:51:07 PM |
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Actually, everyone has the right to choose the exchange of their preferences according to one's level of comfort, basically, not playing in exchanges that are very new or not used by others because of that very high risk for you by not having good anticipation when things happen things you don't want, then say Binance, a very well-known exchange with high trading volumes that at least gives confidence to everyone with the risk of losing money that you have is very minimal with a security system that is supported by yourself.
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Mahanton
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May 31, 2019, 09:56:40 PM |
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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
Completely 0% Knowledge with Trading? If yes then don't rush up on jumping on it but rather do some research and do read up the basics. Try Babypips.com For exchange matters,then always choose the top tier ones.If you do able to read up on what I have given then any platform would be easily understand of yours since you do know the terms.
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R |
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Kemarit
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May 31, 2019, 10:01:22 PM |
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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 no such thing as 'exchanges for newbies', but there are a lot of 'newbies exchanges'. What I mean is that there are new exchanges popping up in the market that doesn't have any reviews or reputation and that is dangerous exchanges for newbies like you. If I have my own way when I was starting my crypto journey, I wouldn't had traded on those kind of exchanges because I just lost some money on them (pulling some exit scams and lots of customer support issues). Others have mentioned where you should look for exchanges, so I guess it's time for you to get your hands dirty. You can't go wrong with the top 1-5 exchanges right now. And another tip, read their TOS (Terms of Service), specially about the withdrawals, because usually, newbie complains about withdrawals are the most questioned, if I'm not mistaken.
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BitHodler
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May 31, 2019, 10:07:26 PM |
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Binance doesn't need to market itself anymore, people everywhere on social media are doing the work for them, and that for free! ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) I too have to recommend Binance as main exchange for crypto trading, while an exchange as Coinbase Pro is a good platform to safely buy the crypto that you want, and has lower fees than Coinbase's regular platform. Noob exchanges such as Yobit, HitBTC and Cryptopia should be avoided at all cost. They may have a lot of very low valued altcoins listed, but the risk of account closure and fund freezing is too high to consider these good options.
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BSV is not the real Bcash. Bcash is the real Bcash.
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DoublerHunter
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May 31, 2019, 11:14:17 PM |
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OP, I hope you are a newbie only but you have known enough about in the trading industry, trading is not an easy job, this I not trial and error were you can repeat if you got the error. You must have a piece of full knowledge of trading have good research is very important if you are in trading. Noob exchanges such as Yobit, HitBTC and Cryptopia should be avoided at all cost. They may have a lot of very low valued altcoins listed, but the risk of account closure and fund freezing is too high to consider these good options.
This is was right, avoid these kinds of exchange, I just prefer to use Binance. There's nothing exchange site for newbie so better practice first.
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CryptoPowerL
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June 01, 2019, 04:52:21 AM |
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Why do you need to trade if you can not deal with the exchange? There are a lot of tutorial videos on YouTube on how to use exchanges
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BitTraderCute
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June 01, 2019, 05:11:36 AM |
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Why do you need to trade if you can not deal with the exchange? There are a lot of tutorial videos on YouTube on how to use exchanges
i think we didn't need any tutorial about for using exchanges feature.its pretty simple for us and even beginner could operate their account to start trading.and if we still confuse ,using official video tutorial will be good for us.
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waynechong1995
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June 01, 2019, 05:35:37 AM |
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For basic buy low sell high, any reputable exchanges will do, if you aren't into alts which is more volatile just go for poloniex, some incredibly popular exchanges such as binance, bitmex are fine too. Binance has lots of information regarding each assets, analysis which is good for starter to understand. IMO some exchange having advanced order mechanism might be overhelming for newbie, stick to those with stop loss is promising for a long term trading.
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Pom_bensin
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June 01, 2019, 02:43:50 PM |
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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 see the coinmarketcap there are lots of good coins and make sure you buy coins in the top 10 and there are already lots of exchanges. you only do action. Good luck.,
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boyptc
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June 01, 2019, 10:12:11 PM |
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You will also need to consider the fee's in choosing a platform to trade, some exchange have extremely high fees.
Fees aren't that much for most of the exchanges and good reminder that a newbie should always look upon that if he/she will start trading. As I've said, there's always an option to try the demo mode of such exchanges if ever they have. you can see the coinmarketcap there are lots of good coins and make sure you buy coins in the top 10 and there are already lots of exchanges. you only do action. Good luck.,
There are also bad exchanges there because it doesn't show the review from the users.
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rodel caling
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June 01, 2019, 10:34:24 PM |
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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 nothing exchange for newbies but many more exchange friendly and easy go use and understand with have fair treatment to all users. Try poloniex jus search it into google or bittrex and the all time favite of all traders is binance.
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