Are trading platforms a good way to start trading? Which ones are the best?

[debitel]

Hey traders. Did a few google search sessions and found Coingy and TradeDash.
Are these platforms safe to use?
Thank you for help

[Deathwing]

I have no idea about what Coingy is but I know that TradeDash is owned by Bittrex, a somewhat reputable exchange in the cryptocurrency community so we can assume it is safe. But you probably don't even need both of them. If you are looking to hop into the cryptocurrency market, you can just go ahead and register to a reputable exchange and use it if you are in the U.S. I would suggest just head to Coinbase, you can even purchase Bitcoin directly, or just register at Bittrex anyway, there is also Binance, although I refrain from using it lately. No need for apps like this. If there is a coin/token that catches your eye, just check CoinMarketCap to see which exchange they're listed on. Most of the time, you won't have a problem with an exchange if they are listed on CoinMarketCap. Nevertheless, in the end, your conscience is your best friend.

[boyptc]

Coinigy seems not an exchange platform but a manager of portfolio. Why do you need? as per their website, you can try it for free but I agree to this.

But you probably don't even need both of them.

You can sign up directly to the exchanges like Binance and start trading there and manage it on your own, taking some experience with an amount you afford to lose.

[leowonderful]

Doesn't seem like there's a lot of information or discussion about Coinigy around these parts, and the official thread for Coinigy on this forum only has about a page and a half of posts with the last ones mainly in 2015. The last activity from the Coinigy account also dates back to 2018. Not saying the site's not legit at all, but the lack of discussion about the service recently is a bit odd and I'd hold off trying it out 'till more user feedback comes out about the platform.

[GreatArkansas]

Different exchange platforms has different disadvantages and advantages. Since you are trying to figure out they are safe;
Much better to check it especially if you have already have an account on their platform, check the trading volume, trade histories, order book, and also their customer supports then you can ask some information on them.
I already heard Coingy, there are some people from our country using Coingy before.

[harizen]

Hey traders. Did a few google search sessions and found Coingy and TradeDash.
Are these platforms safe to use?
Thank you for help

The fact that you aren't sure enough how trustworthy those platforms you have mentioned, then disregard them, even just for now, and consider using those big and reputable* trading platforms today e.g Binance.

The purpose is to start doing trades so no need to test waters on those other platforms. You will be there soon. Not promoting Binance but no doubt, it's a good place for newbies - NO KYC*, better selection of coins, volume, etc. and we like to minimize the risks for them dealing on other platforms.

[Wexnident]

You already looked up in google and yet you still didn't found the bigshots of trading sites? Why would you even go somewhere unknown, just go to the bigshots like Binance, CoinBase, and many others. You've already done googling, I suppose you can find the reputable and trustable ones yourself. There are also a lot of famous exchanges out there where you can guarantee their quality of service so I suppose you wouldn't have problems possibly finding the best one that suits your tastes.

[Alluro]

It depends on what coins you are going to trade. I have no idea about you mentioned exchanges. But I have found you a source to check more cryptocurrency exchanges. Here is the link.

https://www.coingecko.com/en/exchanges

You have to choose a good exchange with decent volume to trade. Because we can analyze about active traders from volume.

[mk4]

How did you even land on those two exchanges? I've done a few Google search queries like "crypto trading platform" and "crypto exchange" and the results always had the reputable exchanges on the first page. This is once again probably one of those threads that are trying to promote certain websites. Not so subtle to be honest.

[one21gals]

great way of advertising the site, good job

[JeromeTash]

How did you even land on those two exchanges? I've done a few Google search queries like "crypto trading platform" and "crypto exchange" and the results always had the reputable exchanges on the first page. This is once again probably one of those threads that are trying to promote certain websites. Not so subtle to be honest.

My thought exactly after reading through the post.
These days some chaps are trying to get ways of indirectly advertising their fake websites probably scam by posing as someone who needs help or more information about it.

[Saint-loup]

Hey traders. Did a few google search sessions and found Coingy and TradeDash.
Are these platforms safe to use?
Thank you for help

If you want to really trade I would recommend you Bitmex or Deribit instead. It's the most famous and reputed platforms for options IMO. Unfortunately the volume is still a little bit low on Bitmex for the options, but the way they offer options is very simple, so to begin it's interesting.

[Willitivity]

Hey traders. Did a few google search sessions and found Coingy and TradeDash.
Are these platforms safe to use?
Thank you for help

First of all these sites are so less popular, just getting to know about them. As a new comer to the trading sphere, I would suggest to trade with reputable exchanges that offer a wide range of services and listings with various pairs. Binance is your number one option for a place to start trading. It has a very user friendly interface, easy to use by a newbie trader.

[nelson4lov]

Hey traders. Did a few google search sessions and found Coingy and TradeDash.
Are these platforms safe to use?
Thank you for help

I use neither. But I've heard of just one of the two you mentioned. I've never heard of tradeDash but I've surely heard of Coinigy wnd it doesn't come cheap so I don't use it since I'm a beginner trader. Instead, I use tradingview.com. They've a free plan that gives users access to a host of trading tools with the restriction of only 3 indicators per chart. However, this is compensated with the unlimited access to use the drawing tools. What's more, you can get access to insights like ideas of other traders etc.

[nydiacaskey01]

Hey traders. Did a few google search sessions and found Coingy and TradeDash.
Are these platforms safe to use?
Thank you for help

I checked Coinmarketcap and that exchange site that you mentioned in your post is not even listed there. If you want to trade and wants to trade safely, better trade using those who are already well known, good reputation and has a lot of positive feedback. I say "a lot of positive feedback" because we cant avoid those who lost money in exchange sites to comeback and post something negative to the exchange site thinking that its the sites fault that's why they suffered a loss.

[nelson4lov]

Hey traders. Did a few google search sessions and found Coingy and TradeDash.
Are these platforms safe to use?
Thank you for help

I checked Coinmarketcap and that exchange site that you mentioned in your post is not even listed there. If you want to trade and wants to trade safely, better trade using those who are already well known, good reputation and has a lot of positive feedback. I say "a lot of positive feedback" because we cant avoid those who lost money in exchange sites to comeback and post something negative to the exchange site thinking that its the sites fault that's why they suffered a loss.

Hello, You're getting it all wrong. Both websites that OP mentioned are trading platforms. Their main objective is to serve as a trading analysis platform for analyzing the cryptocurrency market. They're similar to Tradingview and can be used for technical analysis /market analysis. Coinmarketcap.com doesn't have them listed because they're not exchanges. Maybe in the future if coinmarketcap.com does create a section of trading analysis platforms. Until then, I don't think there's any known risk with using these platforms. Even if you plan to use your exchange api keys to ease the integration, you should be mindful of not allowing withdrawals via api.

[Fatunad]

Hey traders. Did a few google search sessions and found Coingy and TradeDash.
Are these platforms safe to use?
Thank you for help

I checked Coinmarketcap and that exchange site that you mentioned in your post is not even listed there. If you want to trade and wants to trade safely, better trade using those who are already well known, good reputation and has a lot of positive feedback. I say "a lot of positive feedback" because we cant avoid those who lost money in exchange sites to comeback and post something negative to the exchange site thinking that its the sites fault that's why they suffered a loss.

Coinmarketcap lists all the exchanges which a specific coin is listed and is trading with a good volume. Everything is listed there. If you try to select a certain coin or token then click "markets" you could actually see all of the exchange where the specific coin is listed and that will give the OP an idea which trading platform is trusted and not.

[Not_A_Rocket_Scientist]

Hey traders. Did a few google search sessions and found Coingy and TradeDash.
Are these platforms safe to use?
Thank you for help

If you are a beginner and looking for a way to make your first steps in trading, then why don't you try trading bot services?
You can find all the reviews of automated trading platforms here.

Coinigy is a tool for managing multiple exchanges from one place. This is cool, but not something that a trading beginner should start with for sure.

[robbiearchibald10]

Hey traders. Did a few google search sessions and found Coingy and TradeDash.
Are these platforms safe to use?
Thank you for help

I personally have not used either of those platforms, but I would definitely suggest eToro. eToro is the worlds leading social trading platform and great for anyone who is looking to learn from other traders and get to understand different decision-making processes that make for successful trading.

[klaaas]

Hey traders. Did a few google search sessions and found Coingy and TradeDash.
Are these platforms safe to use?
Thank you for help

The fact that you aren't sure enough how trustworthy those platforms you have mentioned, then disregard them, even just for now, and consider using those big and reputable* trading platforms today

Worse, since no one here knows about them and no customers are replying i would not bother at all and skip these. As harizen says pick a big exchange.