What is the best cryptocurrency exchange for beginners

[SquallLeonhart]

we must choose our convince coin and pic the high level security, and low fees exchanges so we can choose coinbase, Bittrex and Binance. Because these three exchanges are more volume platform.

Every beginner must be having their own preferences on choosing preferred exchange but those preferences should be based on level of security exchanges are offering. After security they can look for features like what are the technical tools, an exchange is offering and what are the pairs are available and then fees for trading and withdrawal should be considered.

Pick something that's reliable, trusted enough (relative to how much you are investing), and provides the basic analytical tools you want in one place.

Yeah, beginners cannot handle multiple resources at the time and due to this reason it is always recommended to go for those exchanges which are rich in features and having good customer support. Being reputed must be very first criteria every beginner must be considering while listing out exchanges to begin with.

[Fesatmas]

You ask "what is a good cryptocurrency exchange for beginners" then when I read your next statement it just doesn't fit. You only discuss the rich man's fund, discuss concepts and so on. For example, you only need to enter a few well-known cryptos that you know, so that people who read will provide suggestions according to your questions. Don't even suddenly fall far short of your concept.

[sana54210]

Am I the only one who thinks if you are strictly talking about erc20 tokens, uniswap has actually become better for newbies? I know that it is limited, I know that you have to just focus on erc20 tokens and you can't trade anything else, which means if you still go with Binance it would make sense because there is all the big coins that you would want there, but if you do not mind sticking with just erc20 tokens, uniswap became the big hit.

Reason is, it is much simpler to use, you just connect your wallet there and you make any trade you want in seconds without paying much fee and you just happen to get that coin. Obviously the fee structure needs some overhaul with eth being expensive right now but it is not really that big of a deal right now anyway if you pay lower gwei.

[Yatsan]

The good way of choosing the best cryptocurrency exchange starts with what you as a user do really desire on what must be the features involve on the cryptocurrency exchange that you wanted to have and of course wanted to get engage with. After analyzing what you do really desire, then go seek and have that exchange. On seeking a good exchange, you must consider (1) Security of course for we do know that it the most essential thing that an exchanger must have for we are dealing with hackers so an exchange must be safe and secured for our funds to be inputted on it. (2) Convenience because it would be so much hassle finding it difficult to navigate specially when doing transactions. (3) Reputation for there are existing scam exchanges so you better be wise on seeking reputable exchanges that suits your preference. Those were just some features and there are still a lot more. Those are only the most common and essential features you must seek on a cryptocurrency exchange.

[Ryker1]

Well, If you're looking for a highly secured and high reputation exchange, then go to Binance. Binance almost made it to the fortune 500. They are
originated from silicon valley people and that fact is enough to build their reputation. Binance is the first exchange to be totally regulated. So if you're
looking for one, go with this exchange. ^{[I would highly recommend it]}
On other hand, some of my friends suggested those crypto exchange that has a copy trading feature because that is very easy for a newbie. But how did you know on your own if you will rely on others?

[MacHenry]

It depends on exactly what the beginner wants. Is it a crypto to fiat exchange, or crypto to crypto exchange? Is it a Custodial exchange (centralized exchange) or non custodial (decentralized) exchange? A beginner needs an exchange he can easily start using with minimal or no guide at all.

When choosing an exchange, one has to consider a lot of things like; security of the exchange, reputation, trading volume/liquidity, trading fee, user friendliness, etc. If it is Custodial exchange and we are talking of crypto to crypto exchange, then I do pick Binance exchange. Binance App is easy for a beginner to start using, and the web interface is also beginner's friendly. And the their customers support respond on time.

For Fiat to Crypto exchange, I do pick Coinbase.

[maydna]

~snip~

Choosing an exchange is a matter for those newbies in the market because our main goal first is to protect our funds and we can do it by choosing an exchange that have tight and good security. A good community is also a matter because in that way you can verify or get some information if the exchange is legit or not. The service of the exchange is also a factor because for sure to contact and solve the problems that we may experience. There are many poor exchanges out there who have poor services wherein your complain will take days or even weeks. When it come to verification then BINANCE is one of the best exchange that you could choose because you can deposit and withdraw their easily. OKEX is good when it comes to security but I do not like the KYC of OKEX wherein you are required to present a lot of papers in order to pass the KYC and move to the next level in terms of limit. 

If the newbies can search for the right exchange from many sources before he deposits his money to trade, he will not get any problem because he can find the right exchange. Whether it is KYC or not, the newbies can decide what exchange that he wants, and if he doesn't want to do KYC, he will know that Binance can be his choice because Binance gives a choice to its members not to do KYC but members will get limitations on the withdrawal.

I guess the withdrawal limitations will not be a problem for the newbies because while they are learning about trading, they can avoid withdrawing in a big amount unless they are making a big profit. They need to verify themselves to withdraw a big profit.

[Kong Hey Pakboy]

Exchanger is not actually determined for beginners or pros, because pro ones can still suffer losses.  You can trade on any exchange but choosing a large volume exchange will make it easier for beginners to understand how the situation and conditions are when trading.  for example taking advantage of the moment to buy or sell. And Of course many trader recomended binance exchange for trading.

Indeed. Whether you are a pro or beginner, they both experience and suffer from losses, so your trading strategy does not depend on the exchange you are using. I also recommend Binance exchange for trading because it is suitable for both beginners and pro and many people guarantee that Binance is a safe exchange. But some suggest Bittrex is a suitable exchange for beginners because it will be easier for them to understand trading in its user-friendly interface compared to Binance.

[xSkylarx]

Binance for me. All basic and even advance features of trading are on that exchange. Their platform is very mobile friendly too. I've been trading there since the website was established and I have not encounter any problems so far. It has also large volumes of crypto so you won't have any problem what to trade.

[durilup]

To be honest there is no cryptocurrency exchange for beginners . If you really want to know how a crypto exchange works without losing funds you could try exchanges that offer demo mode

[bakasabo]

To be honest there is no cryptocurrency exchange for beginners .

That is true. All exchanges has almost identical and easy to understand users interface. If you have seen on exchange, you how others work and where to find what you search. The task of each and every cryptocurrency exchange is to create easy to use and easy to understand user interface, design, features. No one creates anything that it will be complicated to use.

While choosing an exchange, just use the one that has trading pair you wish to trade, check their fees and google a bit about it. If it is a scam or shady, google will show proofs in first 10-15 links.

[blckhawk]

Well, I can't tell what is the best cryptocurrency exchange for beginners because they are the ones who should determine whether it is easy for them to use or not.
The only advice I can give is that upon choosing an exchange the first thing you should consider is the security, no matter how user-friendly the exchanges is if the security isn't that good then what's the point? all of your funds will be more exposed at risk. And then there's Reputation you should also need to consider, I think determining the reputation won't be that difficult to learn, just look on the web what exchanges are the highest volume by then you can already tell if it is reputable or not.

[New.in.trading]

I am not sure about the best exchange, but the best charting platform for BTC USD to me is TradingView. I use bitstamp for trading, but honelsty, everybody has to do his own research on exchanges/brokers imho. Its the same with cars. Depending on your needs, a car that fits you, wont fit me.

[celot]

Beginner better looking for an exchange have trading platform with your local money peer and not looking for global exchange have peer ethereum, USDT and bitcoin. I think with local money peer you can learn more and faster than you use global platform peer to trade, Every country have local exchange and you can create account and use additional security from mobile activated until 2fa. Most important is how to secure your account first before begin trading and investing with bitcoin or altcoin later. You need check all your security have added or not before deposit your  money to exchange account.

[RealMalatesta]

Anything that would be easy to understand should always be the first choice. As someone who has gotten into crypto very early but got involved with trading very late I can tell you that some of you guys could understand about the technical parts of crypto very easily while on my first days I didn't even understand how I could trade, the page where you could buy and sell any coin you want looked too complicated to me.

I understand that some of you may think "how could a trade page look complicated" but believe me there are many people like me who do not like that page and have hard time understanding. That is why I like places like Uniswap nowadays, because they are simple and there is nothing you need to understand, it is just two boxes and you click on what you want to sell and you pick what you want to buy and you click buy and it is the end.

[Hamphser]

Beginner better looking for an exchange have trading platform with your local money peer and not looking for global exchange have peer ethereum, USDT and bitcoin. I think with local money peer you can learn more and faster than you use global platform peer to trade, Every country have local exchange and you can create account and use additional security from mobile activated until 2fa. Most important is how to secure your account first before begin trading and investing with bitcoin or altcoin later. You need check all your security have added or not before deposit your  money to exchange account.

Its mainly suggested yet this is the first thing i do prefer when choosing up a platform on where i can make out trades basing of with my local currency but

one thing that do really make me quit is on the fees that being imposed and the gap of prices are way too huge compared to the global or known top exchangers at the market
on where you would really be thinking that it would be much better to move out there yet i cant afford on paying up fees or willingly to be deducted that too high.

When it comes to best cryptocurrency exchange then theres no specific one because all of platforms can be easily to understand when it comes to interface.
They do only differ in some aspect though.

[tbterryboy]

Pick something that's reliable, trusted enough (relative to how much you are investing), and provides the basic analytical tools you want in one place. You can of course use additional tools to help you make better informed decisions, but when you are just starting, it helps to keep things simple and in one place.

Also the thing to make sure is that the exchange you are using is legal in your country because there are times when during registration they will accept you but later create problems so better to check that too.

Platform for beginners or pro traders it always is same mostly because there are some advanced features but you are not bound to use them when you are new into trading so as long as the exchange is trusted, has low fees on transactions and more importantly trading then it is a good choice and if you are trying features like leverage trading then also check for that, a perfect choice might be Binance but I don't want to recommend any exchange given how frequently exchanges are turning into scams.

[TheGreatPython]

I can't tell what is the best cryptocurrency exchange for beginners because they are the ones who should determine whether it is easy for them to use or not.

True, I actually use different exchanges often based on what I am trying to do because of I am simply looking to sell some coins I would do that with one exchange but if I am doing some leverage trading, like recently when BTC started moving up I borrowed some money and purchased bitcoins as I knew the price will rise and for that leverage trading I used binance and actually made decent profits. So basically depending on the need and the use case one can chose an exchange.

one thing everyone can do before they try a new exchange is try to locate the reputation of the exchange here at forum or at least google it so that you may know if there are any ongoing allegations against them with solid proof and if there are some then better to avoid them for time being.

[justdimin]

I am not sure about the best exchange, but the best charting platform for BTC USD to me is TradingView. I use bitstamp for trading, but honelsty, everybody has to do his own research on exchanges/brokers imho. Its the same with cars. Depending on your needs, a car that fits you, wont fit me.

I like the car example you gave because everyone has their own choice and everyone has different exchanges for their needs. Some wants simplicity and easy of use while some want extra features and ability to perform multiple actions.

I do not want to be the reason for someone's loss in case the exchange has malicious intent later but I have used and liked the way bitfinex works and it has quite easy to understand interface which might suit well for beginners but then again like many guys said do your own research and due diligence before trading on any platform and one golden advice I can confidently give you is that "never use an exchange like a wallet, sooner or later you might regret doing that".

[lixer]

You know very well that this whole write-up you have here does not in any way talk about which exchanges are best for newbie investors right? You just attached and expecting everyone to visit the website, you should have just done that since and spare me of this huge write-up you have done here.

Funny thing is that I also visited the website and you didn’t even list any exchange. How do you write a whole article about exchange that’s best for newbies and you didn’t care to recommend a few, at least five or so, exchanges that you know are very good for starters? Anyway, I will always recommend Coinbase and Binance. These two are really good and they have mobile apps too.