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Author Topic: Which exchange is best for trading?  (Read 297 times)
leea-1334
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May 28, 2021, 05:59:29 PM
 #21

I agree you should start with Binance.com first if you are new.

I personally do not trust them with everything but they never gave me problems and for now you can do 2 BTC daily without KYC which is the best aspect. Big company,,, never scammed,,, which of course does not mean you trust them with all your funds but it means you should be fairly safe with them FOR A START until you do your own research and find better.

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May 28, 2021, 07:07:05 PM
 #22

I am new in this sector. Learning a day by day. I have interest in trading. Many of my friends suggested me different exchange. So now i am confused. Can yoy help me to find out a Best exchange for trading?
There is not really an exchange that we can call the best, this is why you got so many recommendations from your friends as not everyone is looking for the same, in my opinion the most important characteristics that an exchange should have are their level of security, volume and a GUI which is amicable with the end user.

Binance is a good choice, but it is a good idea that you create accounts in many different exchanges and you take the time to test them and after that since you are a newbie it would be preferable that you stick with the one you choose until you have mastered everything you can do in the platform.

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May 28, 2021, 07:13:24 PM
 #23

People of the forum will always recommend you to go with Binance. They won't ask for a KYC as long as you're very fine with the conditions and limits of the account that won't be pursuing for any verification. There are some more exchanges that you can trade with.
https://coinmarketcap.com/rankings/exchanges/

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May 28, 2021, 09:11:25 PM
 #24

People of the forum will always recommend you to go with Binance. They won't ask for a KYC as long as you're very fine with the conditions and limits of the account that won't be pursuing for any verification. There are some more exchanges that you can trade with.
https://coinmarketcap.com/rankings/exchanges/
I guess because the popularity of the exchange will always matter in most traders. It is easy to trade if you are in most trader exchange used, and making a profit is possible because of the good feature and also your orders will easily be executed in the market. So why not them, they are the leading exchange platform before and until now and I think, there's a lot of them using Binance dex.

I can vouch using binance is not have a problem so far but don't forget.

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May 28, 2021, 10:00:35 PM
 #25

The best exchange for trading is binance it is the most used trading platform among the cryto- community.But as a new beginner I will suggest you to try smaller exchanges like stormgain as it provide you with demo account so that you can practice you can learn alot from their educational videos on trading which can help you to develop your trading skills and strategies before using your real money to trade.

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May 28, 2021, 10:05:37 PM
 #26

Each trader has his own preferences so what might be a good exchange for you, might be a bad one for another trader.
Create accounts on different exchanges and decide for yourself which one is the best suited for you. Just make sure it's a reputable/well known exchange.
Having accounts on different exchanges is also a good thing if you are interested in arbitrage trading.

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May 28, 2021, 10:48:42 PM
 #27

Each trader has his own preferences so what might be a good exchange for you, might be a bad one for another trader.
Create accounts on different exchanges and decide for yourself which one is the best suited for you. Just make sure it's a reputable/well known exchange.
Having accounts on different exchanges is also a good thing if you are interested in arbitrage trading.

I agree everyone has their own criteria which are good exchanges for trading, Most importantly for me these exchanges have the trading features
I need and of course the exchanges have a good reputation. I just chose exchanges to trade through only these two points. I often lose money
when doing arbitrage trading, So I didn't sign up on many exchanges. I only chose 2-3 exchanges that actively using right now for trading.

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May 28, 2021, 10:52:58 PM
 #28

I am new in this sector. Learning a day by day. I have interest in trading. Many of my friends suggested me different exchange. So now i am confused. Can yoy help me to find out a Best exchange for trading?
Trading is generalized, so what exactly or how do you want to trade?

Are you into leveraged trading or perpetual trading or just ordinary trading which involves buying low and selling high?

Have you done candle reading, chart interpretation...let me not scare you but you could find this stuff all over YouTube and the best part is it's free of charge.

Trading is quite a complex field if I can put it this way, but it's worth the time, good luck 👍.

R


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May 28, 2021, 10:53:18 PM
 #29

The best exchange for trading is binance it is the most used trading platform among the cryto- community.But as a new beginner I will suggest you to try smaller exchanges like stormgain as it provide you with demo account so that you can practice you can learn alot from their educational videos on trading which can help you to develop your trading skills and strategies before using your real money to trade.

even as a beginner, you can also use binance. but he needs to check the min limits of the coins, like min deposit/withdrawal. because each coin varies and that is also true for every exchange. what i am confident with binance is that they have insurance for its users. so whatever happens to this trading platform, you know your funds are secure.
whereas, for smaller exchanges, the common problem is the liquidity, it would take time to execute your order, and you will find out that some of them have problems when it comes to withdrawal. so do you really want to take that kind of risk, waiting in vain if you can get out your funds?

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May 28, 2021, 11:11:20 PM
 #30

Is there any local exchange in your country?
You can use Binance as the top global exchange. This has a very good reputation, trust, and also choices. You can trade on the spot market,] and also futures. And then, you can also find so many coins there, mostly they are probably profitable if have been listed on Binance Exchange.
You can visit binance.com.
Note, if you are a US citizen, you cannot use this site. You must use Binance.us
If you are Indonesia or others that ban website of Binance, you can use VPN or change the DNS

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May 29, 2021, 02:48:28 AM
 #31

I am new in this sector. Learning a day by day. I have interest in trading. Many of my friends suggested me different exchange. So now i am confused. Can yoy help me to find out a Best exchange for trading?

So when taking a look at the top exchanges that can give you the best trading experience, all have similar outcome. You can basically trade on 2-5 top exchange and come out with similar experience. That been said I think it'll be unfair for me to just suggest one for you instead you can test most of them out (reputed ones) and make the decision yourself on which best suit your trading ambitions.

Previously I would had given you the binance suggestions without second thought but this days they're making decisions that make me question their reputation.

Sure they didn't want to miss out on new investors so they list project merely on their community but should that be the way to go about attracting new trader to trust your platform? I doubt that, you'll only be getting speculators and gamblers that'll end up hurting themselves by chasing the hypes.

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May 29, 2021, 03:31:30 AM
 #32

I am new in this sector. Learning a day by day. I have interest in trading. Many of my friends suggested me different exchange. So now i am confused. Can yoy help me to find out a Best exchange for trading?
Binance still be best for me. I think each person will have different opinion. But for me, Binance we can use although no KYC, there are various market in there from spot to future, so in 1 exchange we can do any kind of trading activity. And easy interface to use even for beginner.

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May 29, 2021, 07:48:18 AM
 #33

I am new in this sector. Learning a day by day. I have interest in trading. Many of my friends suggested me different exchange. So now i am confused. Can yoy help me to find out a Best exchange for trading?
Binance still be best for me. I think each person will have different opinion. But for me, Binance we can use although no KYC, there are various market in there from spot to future, so in 1 exchange we can do any kind of trading activity. And easy interface to use even for beginner.
That doesn't apply to me because I also agree with you that Binance is by far my favorite exchange,
what is clear Binance provides a lot of features and it's very good,
so I have no qualms about calling Binance the best exchange and my favorite exchange

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May 29, 2021, 08:50:39 AM
 #34

I am new in this sector. Learning a day by day. I have interest in trading. Many of my friends suggested me different exchange. So now i am confused. Can yoy help me to find out a Best exchange for trading?
we have many crypto exchange but many of them has nothing new to offer or in short they are all the same but there will be exchanges that are ranked at the top ,
binance for ex . why will you trade in a regular exchange when you can choose what is being favored by many traders ? but binance is centralize type of exchange . theres also decentralized exchange that you can use if you  dont like the rules offered by a centralized exchange  .
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May 29, 2021, 10:12:32 AM
 #35

People of the forum will always recommend you to go with Binance. They won't ask for a KYC as long as you're very fine with the conditions and limits of the account that won't be pursuing for any verification. There are some more exchanges that you can trade with.
https://coinmarketcap.com/rankings/exchanges/
I guess because the popularity of the exchange will always matter in most traders. It is easy to trade if you are in most trader exchange used, and making a profit is possible because of the good feature and also your orders will easily be executed in the market. So why not them, they are the leading exchange platform before and until now and I think, there's a lot of them using Binance dex.

I can vouch using binance is not have a problem so far but don't forget.
That's really a big deal when we trade, where most of the people trade mean that there's a good reason why we're staying on that particular exchange. And for that reason, Binance is one of the exchanges where most of the traders are staying because of how good they are in handling their exchange services and as well as helping their customers. Although sometimes if it's about customer service, they're not that good based on the experience of the others.

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May 29, 2021, 10:41:45 AM
 #36

Can yoy help me to find out a Best exchange for trading?
There are several centralized exchanges that have good trading volume and you can check them out on Coingecko, but there are few problems with using them and they can be hacked at any time like it happened before.
You also need to pass kyc verification and send them all your information, so I prefer using decentralized exchanges like Bisq, and p2p trading websites like LocalCryptos, HodlHodl or LocalCoinSwap.
They may have lower trading volume and limited offer numbers but you can trade freely with anyone in the world, or with cash in person.

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May 29, 2021, 12:29:17 PM
 #37

I am new in this sector. Learning a day by day. I have interest in trading. Many of my friends suggested me different exchange. So now i am confused. Can yoy help me to find out a Best exchange for trading?
Whenever you’re looking for the best to use, you should go for the most popular, and in this case the most popular crypto trading exchange we have is Binance. Binance leads and others follows. Though it’s still up to you and your preference, everybody has what they like, and one exchange might not suit your needs due to one thing or the other, so it’s also good to look at other top exchanges such as Coinbase, Huobi, Robin, Okex, and others to see which is going to work best for you based on what you want. But Binance is still the biggest exchange there is in the market and is the choice of most people.

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May 29, 2021, 01:04:43 PM
 #38

The best exchanger for centralised one is still binance then Kucoin. The reason i choose both is the exchanger have a lot of feature and a lot of coin/token. Coin and token there also most of them have real project. For decentralised exchange is Uniswap for Ethetem token ( very high fees ). And pancake swap for any token on BNB network. But decentralised exchange could probably listed shit token which has no use case ( DYOR ).
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May 29, 2021, 08:42:39 PM
 #39

Each trader has his own preferences so what might be a good exchange for you, might be a bad one for another trader.
Create accounts on different exchanges and decide for yourself which one is the best suited for you. Just make sure it's a reputable/well known exchange.
Having accounts on different exchanges is also a good thing if you are interested in arbitrage trading.

It is not just about preferences though, it is also about what is good for you.

I prefer to have things convenient, and in fact there are very very convenient ways to trade crypto where you can sell without restrictions and even exchange (some casinos even you can do that).

But you want reliability and some degree of safety, usually the more safe the more inconvenient:)

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.....I AM BLACKJACK.FUN.....
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Naficopa
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May 29, 2021, 11:47:51 PM
 #40

I will go with Binance (as already suggested by other members on this thread). Fees are very much same no matter which exchange you go for. The reason why I prefer Binance over other exchange is it's easy to use interface and security, which you won't find in other exchanges. 

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