For beginners which trading option is best and which platform and why?

[diazepam666]

Snip....
^ But in reality, people keep taking a risk on the centralized exchange because they know that this could have a massive earning in a short period of time. We know that centralized exchanges are very high volume and liquidity compared to the decentralized ones that it will probably take time before your order will be executed. Nevertheless, I suggest to those beginners to make a study and research first before they will go into trading because each trading platform has its own features and also have pros and cons for the users.

For complete beginners I won't recommend decentralized exchanges because the steps involved may look confused for them and also on chain transaction make them to feel like there are so much restrictions for cryptocurrency. So its always good to start their career with reputed centralized exchange with less capital.

I think KYC is requirements for most of the decentralized exchanges also because current traffic is good to survive in crypto platform so number of investors are actively investing the Bitcoin and altcoin, This is the right time to traveling in crypto platform, Peoples are expecting some silent benifits so Decentralized platform so I hope both are same and we maintain both are good to travel in all the hunters.

[usekevin]

From my experience i will suggest everyone to choose spot trading because spot trading has less risk than other trading option. Though trading is always risky just you have to understand all trading algorithm, strategies, technical analysis. You have to research about a project before investing money. After your research if you think that this project has a chance to grow up then just buy then wait some time for the price up and when the price is up then sell it. Everything you have to do manually that is why this is called spot trading don't need to set sny leverage also so don't have any liquidation tension.

My first choice platform for spot trading  is Binance exchange. This is no. 1 exchange in crypto world. Low trading fees, lowest withdraw fees plus most secured and 100% trusted and also comes many trading competition.

Localbitcoin is the good website and you should have a try with that website.The transaction fee was low and you can buy at any price and not think about the bitcoin price.You can create your own advertising with your own price.If any one sell with your price,you may get more bitcoin at less price.

[Shasha80]

Before entering the trade, it takes knowledge and expertise to minimize the risk of loss. I know usually when the crypto market, especially bitcoin,
is being bullish as it is now, this is very attractive to anyone. Many people see it as easy to profit and can get rich quickly if they see movement now,
this according to newbie’s view.
But the fact of buying when cheap and selling at high times is not easy in its implementation. There’s a lot to learn. So with a market bullish like now,
this does not guarantee your trades are not at risk of losing.

[BTCappu]

I understand that the word "best" could mean different things to different people. But for many people best means that the most loved and used one and binance is just like that.

For me best means that offer the complete package for - Security, features and ease of using the platform and yeah Binance is a good one that provides all the three.

Same goes for binance as well, even if there are better places for how they were made, it would still be "worse" in the sense that people will still mainly pick binance.

Because trusting a new exchange with your money is hard and not worth it. New exchanges will slowly make their name but I would not recommend trying a new exchange just because they need support. They can provide features like no fees trades and attract users for a few months and once they are well known they can always get more traders on their platform.

[celot]

I think best option for beginner is start with spot trading and looking on platform binance because have many coin and become best way how to get much profit, I think many exchange market have any option coin for trading but Binance could give service with many coins to buy and sell. Binance look easy platform when your try for trading because there are have easy way how to start sell or buy. But for beginner better use small money first time when start trading and after know how to begin with trading you can use bigger amount of your money. first time I try to trading with minimum amount $30 and I am looking with good coin have faster for growing up or down, I think with potential coin have slowly moving to higher price is not good recommendation.

[ScamViruS]

The most important thing for beginners is to gain enough knowledge about trading. Without trading knowledge, even if he trades on a good exchange, his account will be zero. I always advise new traders to start trading after gaining enough knowledge about trading.

Because I myself started trading without trading knowledge and made huge losses. So there are many things to consider when you start trading.

[mersal]

What about explaining to beginners how actually trading should be done than simply saying what type of trading they have to do.Binance is the best that is what we are seeing all over the place but we have some alternatives to the Binance?

[LUCKMCFLY]

For me, it is better to always seek advice through the books of speculators with experience in the market where they teach how to understand the market, but not that they teach Technical Analysis, the AT is good, but when you have a good understanding of the market, the I consider that the best trading for beginners is long-term, so that you have time to react to sudden movements.

Among the best platforms I prefer Bitfinex, because they have to place the Stop and Take Profit at the same time, this helps to cut losses, although the fees are very high.

[Fesatmas]

The most important thing for beginners is to gain enough knowledge about trading. Without trading knowledge, even if he trades on a good exchange, his account will be zero. I always advise new traders to start trading after gaining enough knowledge about trading.

Because I myself started trading without trading knowledge and made huge losses. So there are many things to consider when you start trading.

Right, knowledge is the main thing to go further. and it is not difficult to find knowledge in trade, as long as we are really determined to master it.
profit and loss is the second option, the most important thing is persistence and seriousness in making every decision when making a purchase or when going to sell.

[Mehedi72]

Trading isn't so simple as you told. I'm still learning and sometime unable to understand what is happening in market. But no use of those platform if anyone don't know about trading perfectly.exchange like binance is important but i think exchanges can't do much but gives you security & addressing you with others traders.its your responsibility to trade with your best.moreover i also like spot trading, although it isn't easy as you told but set any leverage is so risky, even you are a professional trader

[Istiaque]

trading is better to trade based on your own experience as trading makes trading much easier to practice the market and an easy way to avoid losses for newcomers. trading is not possible to analyze well in the case of helping others. newcomers become frustrated when the market changes. The market is not able to rise with trading Based on your own experience, the market changes easily and trading is best to follow the strategy of the trade. Allows you to make profit easily and reduce the risk from other sites.

[boyptc]

What about explaining to beginners how actually trading should be done than simply saying what type of trading they have to do.

There are a lot of materials and tuts that they can find in the web.

Binance is the best that is what we are seeing all over the place but we have some alternatives to the Binance?

Kraken, Kucoin, Bitfinex, etc.

Many of them actually can work as an alternative or where a trader is confident with.

[barbara44]

Centralized exchanges are not the boogeyman. I understand that many people have lost their money in many of these exchanges but what people are forgetting is that no huge one has been hacked and lost customers money in the recent years. Binance, kucoin, polo, bittrex, bitfinex these are all still fine and there are ton of others like them.

The only ones that lost your money are the small ones plus the old ones back in the day. Sure there is still a chance centralized exchange could lose your money, but that doesn't mean that dex are so great neither, they could get hacked and hackers could find a code in the system they could get in and take all of your money as well which has happened, this doesn't make us blame ALL dex neither so it shouldn't do that for cex as well.

[RealMalatesta]

If you are new, I would say spot trading in binance would be the way to start, it will teach you the basics of trading and basics of investment as well, you will learn what you will need to learn there and that would be the end of it for that stage.

Right now, there are tons of people who are moving their tokens around using dex puttin them on either liquidity providing or staking into smaller and brand new projects to "mine" them out instead of using gpu rigs, and they are putting their initial money not at risk while trying to make money from those new projects which may make some money or may end up not making anything neither.

These are a bit more advanced stuff, like how some people do 100x leverage in order to make more profit, you should not aim those things if you are new.

[TradingBull.io]

Would recommend one platform with choice of user interface based on level like Binance (simple/advanced)

A classic beginner strategy is to "Buy the dip" (market suddenly turn red and lose >5-10%: it's a buy with a sell at +5-10%)

Can also start with limit orders (needs to be a minimum active):
- Buy limits just up previous resistance level to buy any flash crash
- Or sell limit just bellow current resistance when bull market.

Main difficulty in trading is to control emotions (and experience helps).

[Findingnemo]

Snip....
^ But in reality, people keep taking a risk on the centralized exchange because they know that this could have a massive earning in a short period of time. We know that centralized exchanges are very high volume and liquidity compared to the decentralized ones that it will probably take time before your order will be executed. Nevertheless, I suggest to those beginners to make a study and research first before they will go into trading because each trading platform has its own features and also have pros and cons for the users.

For complete beginners I won't recommend decentralized exchanges because the steps involved may look confused for them and also on chain transaction make them to feel like there are so much restrictions for cryptocurrency. So its always good to start their career with reputed centralized exchange with less capital.

I think KYC is requirements for most of the decentralized exchanges also because current traffic is good to survive in crypto platform so number of investors are actively investing the Bitcoin and altcoin, This is the right time to traveling in crypto platform, Peoples are expecting some silent benefits so Decentralized platform so I hope both are same and we maintain both are good to travel in all the hunters.

Nope, both are not actually same because there are lot more features available on centralized exchanges compared to decentralized exchanges. Decentralized exchanges are going to be hard for the beginners to understand the trading process so they may end up losing their funds that is why it is better to start with centralized exchanges and also reputed exchanges offers decent amount of withdrawal limit even without no KYC limit.

[Yatsan]

For beginners it is best to do own researching about what trading really is because you must get yourself familiar about a certain thing you wish to get engage. Self learning it will give you decent ideas and information about it because if you are really eager to get engage, you must learn what trading really is at first. Knowledge is a must have first in trading before trying out on engaging into the application of doing trading. You can also start up doing trials as a beginner but certainly you cannot expect success with that although you can learn things out of that which is another way of acquiring knowledge as well as experience to better understand trading. After learning those, then that is the time you find a platform where you can trade and that is up to you for there are lots of trading platforms and you better explore it to find which suits to you.

[bitmexscalper100x]

I think trading everywhere is the same, be it on binance, bithumb, bitrex and other platforms. having small or large capital, it would be the same if you did not have qualified knowledge. therefore to decide to trade, first learn all things related to crypto trading. be it in terms of profits, losses, reading price movements, as well as managing your assets as much as possible to avoid wrong trading patterns.

Education is key!

Check out my latest scalp 73% in 4 minutes!

https://youtu.be/8509W4dJDbY

[Om.monata]

I think trading everywhere is the same, be it on binance, bithumb, bitrex and other platforms. having small or large capital, it would be the same if you did not have qualified knowledge. therefore to decide to trade, first learn all things related to crypto trading. be it in terms of profits, losses, reading price movements, as well as managing your assets as much as possible to avoid wrong trading patterns.

I agree with your opinion, because now many people's opinions require trading on a large exchange like Binance. but actually not that but the knowledge and understanding that must be owned. because wherever an exchange to trade if it does not have the same knowledge it will experience losses

[AjithBtc]

For beginners it is good to go with Binance or one among the top cryptocurrency exchange. Here you'll see a big list of cryptocurrency pairs, and a big list of pairing against the stablecoins. Whenever a new or beginner level person gets into trading, this will make the person understand trading easily than getting complicated. These days I used to see lots of trading application ads popping out while surfing. So, everyone has known atleast a little to use and start trading.