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Author Topic: Trading Platform?  (Read 628 times)
Ararbermas
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June 02, 2022, 10:35:23 AM
 #21

Hi guys, I am new into Crypto, I wanna know which platform has low gas fee .. my budget is very low which is just 120$ .. I do not want to throw them into trash, but I like to embark on any platform which gives good returns, like Exness or Position exchange. I was reading an article on https://detailsnreviews.com/crypto-exchange-okcoin-launches-a-free-trading-nft-marketplace/ , do you think it is good to start with 120$?
that amount of capital is ok mate and if you're looking for an exchange with low fees i think bybit and binance will suit to your needs especially when it comes trading different assets. But since you're a newbie, i suggest make research first how trading really works.   Watch some video for sure it can help.

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June 02, 2022, 11:34:57 AM
 #22

Hi guys, I am new into Crypto, I wanna know which platform has low gas fee .. my budget is very low which is just 120$ .. I do not want to throw them into trash, but I like to embark on any platform which gives good returns, like Exness or Position exchange. I was reading an article on https://detailsnreviews.com/crypto-exchange-okcoin-launches-a-free-trading-nft-marketplace/ , do you think it is good to start with 120$?

First of all welcome to the crypto trading ecosystem.
In order to start trading, the amount doesn't matter at all.
All you need is a great mind to learn new things, and implement new tactics to earn good money.
As a Newbie, I would suggest you to go for Binance.
Don't worry about the gas fees there, as you can buy Bitcoins, through your bank card or directly through Peer2Peer deals.
Binance is also famous for it's great layout and security. So for a newbie like you, Binance will be the best choice.

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Findingnemo
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June 02, 2022, 01:25:34 PM
 #23

Hi guys, I am new into Crypto, I wanna know which platform has low gas fee .. my budget is very low which is just 120$ .. I do not want to throw them into trash, but I like to embark on any platform which gives good returns, like Exness or Position exchange. I was reading an article on https://detailsnreviews.com/crypto-exchange-okcoin-launches-a-free-trading-nft-marketplace/ , do you think it is good to start with 120$?
Isn't that FTX still has the lowest fee? I never heard those exchanges you mentioned but exchange like Binance and FTX has low fee but it will not be same as the gas fee because exchanges use the batching system and also they may ask more than actual fee needed because they call it as withdrawal fee.

But you don't have to withdraw money after every trade especially when you have low capital just trust the reputed exchanges which is worth for few hundreds in my opinion when you have the intention of further trading in near future.

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June 02, 2022, 04:51:53 PM
 #24

Binance is a good platform you can always rely on with good reputation. It is easy to maneuver without much stress on what to get familiar with it. There are other platform you can use to start your journey into the crypto world which are just like Binance. One thing that makes Binance easy to use is because of it app that has both professional and starter interface where you can easily get things done. One of the major problem is Binance is a centralized platform that requires KYC for you be able to buy and sell.
This is true, there are many people who dislike Binance because it is at the top and there are many people like that in the world for any subject. Like they would hate the best team in a sport, hate the best actor in a movie, hate the biggest political party just because it is the biggest one, hate bitcoin because it is at the top, and all of them end up picking something smaller and worse just because they do not want to be favouring the best.

Binance is the best and there is a reason why it is the best, there has been a million other exchanges, people are not idiots to pick Binance out of those millions to use and take it to the top, we did it because Binance was the best one.

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June 02, 2022, 05:18:13 PM
 #25

Binance is user-friendly, especially for beginners so it would be better for you to use this reputable platform first before trying other exchanges. Don't focus on the fees but rather the good service that an exchange could provide. There are actually exchanges that offer cheaper transaction fees but have negative feedback so it would be better to stick to a top exchange.
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June 02, 2022, 05:43:05 PM
 #26

... like Exness or Position exchange. I was reading an article on https://detailsnreviews.com/crypto-exchange-okcoin-launches-a-free-trading-nft-marketplace/ ,
What kind of exchange are they?
I never see and know about the two. And after searching, I only found Position exchange on CMC rank 653. Why should choose those kinds of exchanges if you can find better ones?
See for much better, trusted, and reputable exchanges here, mate:
https://coinmarketcap.com/rankings/exchanges/
There are some top exchanges like:
Binance
FTX
Coinbase
and many more again you can see on the lists of top ranks.

What you can pay attention to is not only the exchange but also the coin or token that you want to invest or trade. It is better to make some research again before investing, because you are new and never hurried up only without any leanring at first.



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June 02, 2022, 07:44:35 PM
 #27

What kind of exchange are they?
I never see and know about the two. And after searching, I only found Position exchange on CMC rank 653. Why should choose those kinds of exchanges if you can find better ones?
See for much better, trusted, and reputable exchanges here, mate:
https://coinmarketcap.com/rankings/exchanges/
There are some top exchanges like:
Binance
FTX
Coinbase
and many more again you can see on the lists of top ranks.

What you can pay attention to is not only the exchange but also the coin or token that you want to invest or trade. It is better to make some research again before investing, because you are new and never hurried up only without any leanring at first.
I don't think the OP is too stupid not to know anything about the reputation of the exchange because he's basically aware that the exchange he's asking about has left him in doubt. He can easily find an exchange with a good reputation even though he says that he is still a beginner because there is a lot of free information being shared on google or certain platforms to find the top crypto exchanges today.

The OP can also use a P2P exchange or maybe a centralized exchange based in his country. He can easily buy and start investing, but the best advice for him is not to keep any investment assets on an exchange even if it's only $120.

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June 02, 2022, 07:55:58 PM
 #28

Hi guys, I am new into Crypto, I wanna know which platform has low gas fee .. my budget is very low which is just 120$ .. I do not want to throw them into trash, but I like to embark on any platform which gives good returns, like Exness or Position exchange. I was reading an article on https://detailsnreviews.com/crypto-exchange-okcoin-launches-a-free-trading-nft-marketplace/ , do you think it is good to start with 120$?
What do you want to actually do with the money? Do you want to buy coins and keep them invested or do you want to buy NFTs and keep them with you or just want to buy bitcoin and hold it. Platform would depend on that only, if you are into NFT which I think you are probably looking for then go with Sol NFTs or Near NFTs they have comparably lower gas fees and can give good profits you can use solanart for Sol NFTs they have low fees so you would not burn a lot of cash.
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June 02, 2022, 10:36:32 PM
 #29

Hi guys, I am new into Crypto, I wanna know which platform has low gas fee .. my budget is very low which is just 120$ .. I do not want to throw them into trash, but I like to embark on any platform which gives good returns, like Exness or Position exchange. I was reading an article on https://detailsnreviews.com/crypto-exchange-okcoin-launches-a-free-trading-nft-marketplace/ , do you think it is good to start with 120$?
Because you are new here, I suggest you not to use these exchanges,
Top exchanges like Binance also have small fees for transactions and trading, only a few percent. Moreover, Binance has several types of pairs and many coinslisted. you can utilize the pairs to gain the returns if you can.
Actually, most top exchanges also have small fees, FTX, Kucoin, and Okex, are also the same. You are better to choose those top exchanges than use the non-popular exchanges because you only got them from website reviews. Never only believe n website reviews.
Btw, $120 is enough for a beginner. the important thing is that the money is free money, not your daily money to be used. It means that you are free to use the money at your own risk. Learn whatever is about crypto and trading. Find top traded coins in the top exchanges, never follow the hype. If you are willing to have long-term investment, I will suggest you buy Bitcoin. If you wnat altcoins, BNB can be a good idea. Or, do your own research on mostly top coins.

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June 02, 2022, 11:59:13 PM
 #30

Hi guys, I am new into Crypto, I wanna know which platform has low gas fee .. my budget is very low which is just 120$ .. I do not want to throw them into trash, but I like to embark on any platform which gives good returns, like Exness or Position exchange. I was reading an article on https://detailsnreviews.com/crypto-exchange-okcoin-launches-a-free-trading-nft-marketplace/ , do you think it is good to start with 120$?
What do you want to actually do with the money? Do you want to buy coins and keep them invested or do you want to buy NFTs and keep them with you or just want to buy bitcoin and hold it. Platform would depend on that only, if you are into NFT which I think you are probably looking for then go with Sol NFTs or Near NFTs they have comparably lower gas fees and can give good profits you can use solanart for Sol NFTs they have low fees so you would not burn a lot of cash.
^ It is definitely right if you are in the network that considering an ETH killer then it has surely a lower gas fee, SOL, BNB, and ADA. These are considering ETH killer networks. It has surely lower gas fee which is considered a good alternative and if the exchange has these coins, then that is a good exchange to pick. Binance was the primary exchange that the most suggested it here because there was a BNB there that makes lower fees. You can buy NTF using BNB or any altcoin in exchange for BNB and then convert it into your fiat.
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June 03, 2022, 03:39:08 AM
 #31

Hi guys, I am new into Crypto, I wanna know which platform has low gas fee .. my budget is very low which is just 120$
As a Newbie, I would suggest you to go for Binance.
Don't worry about the gas fees there, as you can buy Bitcoins, through your bank card or directly through Peer2Peer deals.
Binance is also famous for it's great layout and security. So for a newbie like you, Binance will be the best choice.
If he's refer to gas fee, then he's talking about Ethereum or ERC20 token, not Bitcoin. Even though now gas fee is quite cheap, but with only $120 capital, he might lose $10-$20 for the trading fee and exchange fee to send to his own wallet. Don't only looking to a random shitcoin to earn instant profit, because you could rekt. Also don't hold your token on exchange.

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jaberwock
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June 03, 2022, 05:25:21 AM
 #32

Hi guys, I am new into Crypto, I wanna know which platform has low gas fee .. my budget is very low which is just 120$ .. I do not want to throw them into trash, but I like to embark on any platform which gives good returns, like Exness or Position exchange. I was reading an article on https://detailsnreviews.com/crypto-exchange-okcoin-launches-a-free-trading-nft-marketplace/ , do you think it is good to start with 120$?
First of all, $120 is more than enough for someone who is looking to start their trading career. The amount is not too big that you would regret losing while it's not too small either so you will make decisions seriously. I haven't read that article you linked yet but from my understanding yes $120 is perfectly fine to start trading.

Secondly, there are 2 types of fees you will find when trading. The one is trading fees which is a very small percentage taken by exchanges for allowing you to trade on their platform and the second is transaction fees which is almost the same on every exchange and you can withdraw in coins that have low fees like TRX instead of ETH which would eat up all the $120 in a few transactions itself.

I myself trade at Binance and had a few issues but none too big to discredit them and I can recommend it to you as well.

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June 03, 2022, 06:07:33 AM
 #33

Hi guys, I am new into Crypto, I wanna know which platform has low gas fee .. my budget is very low which is just 120$ .. I do not want to throw them into trash, but I like to embark on any platform which gives good returns, like Exness or Position exchange. I was reading an article on https://detailsnreviews.com/crypto-exchange-okcoin-launches-a-free-trading-nft-marketplace/ , do you think it is good to start with 120$?
Isn't that FTX still has the lowest fee? I never heard those exchanges you mentioned but exchange like Binance and FTX has low fee but it will not be same as the gas fee because exchanges use the batching system and also they may ask more than actual fee needed because they call it as withdrawal fee.

But you don't have to withdraw money after every trade especially when you have low capital just trust the reputed exchanges which is worth for few hundreds in my opinion when you have the intention of further trading in near future.

FTX was said to have free trading fees. I have not tried but its what they advertise AFAIK. That should be a good place to start as they also have substantial  volume.

OP however is mentioning about NFT. Its quite unclear what he wanted actually but for me, flipping NFT seem not a fast money making for someone with just $120. But he can sure trade with $120 and with just little spike of price he can already sell. Just keep repeating it as long as he can analyse the market.







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June 03, 2022, 11:58:03 AM
 #34

that amount of capital is ok mate and if you're looking for an exchange with low fees i think bybit and binance will suit to your needs especially when it comes trading different assets. But since you're a newbie, i suggest make research first how trading really works.   Watch some video for sure it can help.

Regards
Yes, if anyone from my circle of friends or relatives asking to where can they start to learn trading, I always says binance. It is know worldwide, even well-known personalities in our country uses that exchange. I started trading $100, I experienced losses with this investment because I only listen to so called influencers that time, but then I learned my lessons and I am now studying the chart so I can prevent too much losses in trading.
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June 03, 2022, 03:00:11 PM
 #35

Now a really good option is a platform from the Amarkets broker. At least, this option seems to me quite interesting and profitable.
I checked your last 10-20 posts and you seem to be promoting/shilling about Amarkets a lot. Not sure what they offer but no exchange can be profitable because it depends on the trader what they do and how they strategize which brings profits or losses. I really hope you are not shilling for Amarkets because this is called paid spamming and you could be negatively tagged as well for doing so.

I see a lot of people suggesting Binance, FTX, etc but remember these are all centralized exchanges and I personally prefer to use DEX as much as possible since you control your coins. But yeah trading with $120 means you cannot afford to lose too much money on gas so might be viable to use centralized exchanges like binance for the time being and once you have a good trading bankroll, shift to DEX.
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June 03, 2022, 05:25:45 PM
 #36

Hi guys, I am new into Crypto, I wanna know which platform has low gas fee .. my budget is very low which is just 120$ .. I do not want to throw them into trash, but I like to embark on any platform which gives good returns, like Exness or Position exchange. I was reading an article on https://detailsnreviews.com/crypto-exchange-okcoin-launches-a-free-trading-nft-marketplace/ , do you think it is good to start with 120$?
What do you want to actually do with the money? Do you want to buy coins and keep them invested or do you want to buy NFTs and keep them with you or just want to buy bitcoin and hold it. Platform would depend on that only, if you are into NFT which I think you are probably looking for then go with Sol NFTs or Near NFTs they have comparably lower gas fees and can give good profits you can use solanart for Sol NFTs they have low fees so you would not burn a lot of cash.
People need to be smart and avoid NFTs as much as possible, when we were in the middle of a bull market NFTs became incredibly popular and like always people thought that a collapse was impossible, now that we are in the middle of a bear market people are not adjusting their strategies and still think NFTs are a viable option to make money, and this could not be more wrong, a great deal of those which invested in those coins lost everything, so it is better to stay away from them for the foreseeable future.
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June 03, 2022, 07:07:20 PM
 #37

The gas fee really depends on the network you are using. Dex doesn't charge much. Also, there is a risk of the fake token on dex, so be careful. Since you aren't much experienced better to use reputed CEX like Binance where you don't need to spend the gas fee. I have been using Binance and no issue still now. But you have to provide KYC documents for cex. So choose the best option for you.

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June 03, 2022, 07:08:17 PM
 #38

Hi guys, I am new into Crypto, I wanna know which platform has low gas fee .. my budget is very low which is just 120$ .. I do not want to throw them into trash, but I like to embark on any platform which gives good returns, like Exness or Position exchange. I was reading an article on https://detailsnreviews.com/crypto-exchange-okcoin-launches-a-free-trading-nft-marketplace/ , do you think it is good to start with 120$?

I would not say $120 is too less, but considering the value of bitcoin its tiny amount. You should start holding and day trading with it and profit something out of that way. These days fees are off the roof, and you could end up loosing the money on the transactions itself. There is always taker and maker fees on the exchangers and for this purpose just buying the coins and holding them into wallet could be best idea.

Definitely others who are more regular trader will suggest you better way out of this but if I was you and I only had 120 bucks to spend into crypto then I would have just spent it on coin like bitcoin (1st priority) and then may be DOGE, MATIC etc. But that's also out of holding.

My suggested exchanger is Binance.
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June 03, 2022, 10:12:48 PM
 #39

The gas fee really depends on the network you are using. Dex doesn't charge much. Also, there is a risk of the fake token on dex, so be careful. Since you aren't much experienced better to use reputed CEX like Binance where you don't need to spend the gas fee. I have been using Binance and no issue still now. But you have to provide KYC documents for cex. So choose the best option for you.
Depends on the dex, like if you are using uniswap, which is a dex, that means you are trading in the ERC20 network, and it will cost you a lot and the gas fee will be a lot. Maybe not these days, it looks like the price has been lowered a lot recently because of the fall and the lack of volume, but at the time it was definitely something that mattered a lot and the gas fee was a lot.

This is why I believe that we should not be really shocked to see some dex platforms being more expensive than the others, one that uses tron or sol or avax will not be equal to something that uses eth or even bnb. Hence there are some differences for sure.

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June 03, 2022, 11:59:12 PM
 #40

If I was you, I will choose only the top exchanges and will not risk my money on the low cap trading platform.
Moreover, it is very easy to find trusted and reputable trading platforms so far. We can see from the lists in Coin market Cap or in CoinGecko.
Binance is on the first list and I am sure that many people here also use Binance. Moreover, this also provides many coins and types of trading.

If this is about gas fee for sending tokens or coins, actually every trading platform moreover big exchanges like Binance also gives several options. Ethereum or ERC20 may be one of the highest network fees to transfer. But we can also use BSC, Tron network, and other options provided by the exchanges. Additionally, if this is about trading fees, don't worry because Binance and also other bg exchanges also offer affordable trading fees.

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