Best exchange to start trading?

[Dunamisx]

In as much as you would want to be dealing with a centralized exchange to purchase your cryptos, ensure that you move your cryptos to a self - custody wallet immediately after your purchase, where you only will have access to.  Note; keeping funds on exchange poses some kind of risk as you might have heard, "Not your keys not your crypto”, secondly your funds are liable to getting froze too, so these are risks involved with using any centralized exchanges, and you should consider this risk factors before doing business with any known exchange out there.

Should incase of trading or short time holding, one should only afford to leave the little amount of money they can afford to loose on a centralized exchange, if not, all lifetime earned assets should be sent to your personal non custodial wallet, when we have the keys to our bitcoin, they were ours, but when the exchange are in charge of these keys, they has the coins as well, not your keys not your coins.

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[milewilda]

From a user perspective, an exchange without KYC would indeed be better. especially for beginners who don't understand privacy and the risks.
but for those learning trading, the best exchange I think is a local exchange in their own country. who accept deposits in the currency they use. obviously, it will require KYC, but as a start to learn I think a local exchange is best.
If beginners start to understand the concept of trading and start paying attention to exchanges with good trading volume, it will be good enough to hone your skills in trading. especially with more assets to consider.

Local exchange market is the best option for beginner because there are available with local currency pair and easily understood with price have to buy and sell later. Seems all countries have own local currency exchange market and Binance seems supported with several local exchange pair for trading but including for all altcoins. For local exchange, the beginner understand well about deposit fiat fund firstly before use for trading, I think difficult for them have to start on global exchange market like Binance, Kucoin or Huobi because they can understand well how to make deposit first before buying some altcoin or bitcoin.
In local exchange have easily feature with deposit fiat or local currency and convert it to buy stable coins or directly trade from local pair currency with bitcoin or altcoin want trade by beginner.

that's what I mean, why beginners who want to trade can at least learn on the local exchange in their country. It might be a bit problematic if their country doesn't support crypto and its trading. they can learn with some guidance from the information provided by the exchange for beginners before starting trading. If you just want to own assets like Bitcoin, it might be easy with p2p, but learning to trade if you are hampered by state regulations might be a little more difficult.
but there are already many videos that can be watched for them to learn to trade on several exchanges. maybe it will make it easier for beginners to learn.

I would say that it would be better that you should  be directly be dealing up into those platforms which are known to be the best or simply that really speaking about top in the market. Im not saying about not to support your local exchange but in speaking about fees and overall user experience then you would really be able to tell the difference and this is why it would really be that recommended that way but of course it would really be still that depending on you in the end of the day since each person does have their own preferences when it comes to things on which they would really be simply sticking on things on which they were comfortable
or really that having that good experience on it.

Starting trading would neever be that simple but starting on making use of the best platforms out there would really be easing out at least because everything is complete
and when it comes to fees and other features then it would really be that always better comapred into those local exchangers but well it would really
be still depending on you because you are the ones who would really be making use of those platforms. So it would really be just that depending into your approach.

[sulendra12]

What is the best site for this in the UK?

Just like everyone said, it just depends on what coins what you are trying to invest. You might want to check that in coinmarketcap to make sure you have best liquidity on your assets. Can't really recommend anything more than that if we don't know what you are trying to do. Make sure to do any research before deciding anything on trading, it's really fatal for your journey.

I am only going to start with $200 roughly to see what I can turn it into over the next few weeks and months as the market is starting to get very volatile so could be good opportunity to make some extra money which would then mean I can invest more into my long term plays.

That's pretty much a decent capital to start with, the only problem is how do you manage to maintain your trading journey and your investment.

[Kelward]

Know that trading can be the start of losses. Trade with the amount of money that you can afford to lose.

What coins are you talking about?

On coingecko, click on the coins and click on 'market' which will list the exchanges that the coin is traded. You can also do that on Coinmarketcap.

Coingecko, is a very good place to search for exchanges to trade, you'll see the options, carry out your research and choose, depending on the ones that operates in your country.

It's true that just accumulating and holding Bitcoin or altcoins as an investment for years can be boring, although it's believed to be the safest method of making profit in cryptocurrency. So if someone wants to feel the action and make money on the short term, then it's trading, although you have to be equipped with essential knowledge of trading. So it's true to start with the amount that you can afford to loose, so you can minimize loses, because crypto trading is not an easy business, you'll have to understand it's fundamental and technical analysis, even that is not enough to guarantee profits.

[gunhell16]

Up until now I have been just buying and patiently waiting for the bull run but in the last week I have seen 2 altcoins I was interested in pump up 40% in less than 24 hours so want to try make some money and give trading a go.

What is the best site for this in the UK?

I am only going to start with $200 roughly to see what I can turn it into over the next few weeks and months as the market is starting to get very volatile so could be good opportunity to make some extra money which would then mean I can invest more into my long term plays.

There are many platforms you can use to trade altcoins; there are crypto.com, coimarketcap, coingecko, and others; it just depends on what you want, dude. Just use things like Google Search to find answers to your questions.

And besides, there are many exchanges that you can use globally, such as Gate.io, Binance, Mexc, and others like this. Just do some research on the business industry like this.

[Bushdark]

In as much as you would want to be dealing with a centralized exchange to purchase your cryptos, ensure that you move your cryptos to a self - custody wallet immediately after your purchase, where you only will have access to.  Note; keeping funds on exchange poses some kind of risk as you might have heard, "Not your keys not your crypto”, secondly your funds are liable to getting froze too, so these are risks involved with using any centralized exchanges, and you should consider this risk factors before doing business with any known exchange out there.

Exchanges is one of the place we can trade and make money if we have the skill to keep us in the market making profits for ourselves.
The market is very big and making financial decisions can be very risky for us. It is good we have the skills to make profits for ourselves so that we can at least pay our bills and buy anything that we want. There are so many exchanges we can use to trade cryptocurrencies and make money if we know how to trade very well. Cryptocurrency is fun if we know how to get information and trade for profits.

[Bobrox]

Coingecko, is a very good place to search for exchanges to trade, you'll see the options, carry out your research and choose, depending on the ones that operates in your country.

It's true that just accumulating and holding Bitcoin or altcoins as an investment for years can be boring, although it's believed to be the safest method of making profit in cryptocurrency. So if someone wants to feel the action and make money on the short term, then it's trading, although you have to be equipped with essential knowledge of trading. So it's true to start with the amount that you can afford to loose, so you can minimize loses, because crypto trading is not an easy business, you'll have to understand it's fundamental and technical analysis, even that is not enough to guarantee profits.

Coingeco and Coinmarketcap is the best place to search coins to trade and looking for which one exchange listed that coins, usually I use both side looking for market listing coins and always update about price, exchange market list and how much transaction volume on every exchange. 

Exchange is the important place for trading and earn profit, have two kinds of exchange between CEX and DEX but many trader priority with CEX have lower fees for trading and difference with DEX need to pay higher fees exactly when trading with ethereum coins network. Best exchange for trading have much transaction volume and withdrawing fund not get difficult yet, usually all exchange without five minutes withdrawing will be complete and don't use exchange process withdrawing manually.

[the rise]

there are many options available on coingecko, perhaps for more than the top 100, if your country does not support exchanges, you can make purchases via dex, but if you trade on dex the transaction costs may be quite large compared to dex, especially on the network erc-20 ,

Trading on DEX if it's on the ETH chain will cost you a lot. I hate this to say but much better to get onto centralized exchanges if you want to keep some fees. There are a lot of choices in there but of course, use them as they're only should be used for trading.

lol I feel the same thing, I haven't used the ERC-20 network for a long time because I thought when I made a transaction we had experienced a loss due to quite high fees, trading on the BSC network is more profitable even though sometimes there are impact cuts, on a centralized exchange it would be more helpful if you have minimal capital to trade

[HONDACD125]

lol I feel the same thing, I haven't used the ERC-20 network for a long time because I thought when I made a transaction we had experienced a loss due to quite high fees, trading on the BSC network is more profitable even though sometimes there are impact cuts, on a centralized exchange it would be more helpful if you have minimal capital to trade

The ERC20 network is very disadvantageous in terms of fees, and you have to pay a hefty fee whether you want to transact as much or as little as you want. So this network cannot be used in routine.Not only you, but everyone is pointing out this problem and often using the ERC20 network less.

 The binance smart chain network is better and the fees are very low, but many coins are not available in BSC network, and most of the tokens are available in ERC20 network only. Due to which this network has to be used. Another problem is that the BSC network can be easily found on the Binance exchange, but is often not available on other exchanges. For this reason also we have to resort to ERC 20 network.

[bettercrypto]

As for me, I don't think about which is the best exchange, because what I look at and what is important to me is, of course, that I get a profit on the exchange platform. But you didn't mention which two types of altcoins you were talking about.

I was just curious, what cryptocurrency are you referring to? Does it also have a potential, and is it also on the list of top cryptocurrency on well-known platforms like Coinmarkecap, Coingecko, and others?

[Awaklara]

But you didn't mention which two types of altcoins you were talking about.

OP already mentioned it. under his first post in this thread. you can read it.

The two altcoins I am talking about are Alliance Block & Kaspa which have both been very up and down over the last week or so. Alliance Block pumped 35% in less than a day today.

I am just getting bored of only buying and waiting for bull run as I have been doing that for almost 2 years now

You have to check several exchanges where that altcoin is listed. and if you want to start trading of course it would be better to choose a higher trading volume.
If you look at coinmarketcap, these two altcoins have entered major exchanges such as Kucoin and several others. It depends on whether the OP prefers which exchange or if he already has an account on which exchange, that will help him more in starting trading.

[Bushdark]

As for me, I don't think about which is the best exchange, because what I look at and what is important to me is, of course, that I get a profit on the exchange platform. But you didn't mention which two types of altcoins you were talking about.

I was just curious, what cryptocurrency are you referring to? Does it also have a potential, and is it also on the list of top cryptocurrency on well-known platforms like Coinmarkecap, Coingecko, and others?

I think this is not even a matter of using the best exchange to trade any cryptocurrency portfolio. It is all about using exchanges that has random coins we can trade and try as much to make money for no ourselves.

Exchange like binance is known for trading large portfolios but as far as I know, Binance has limit coin portfolio. There are so coins you will never find on binance trade because the exchange is very strict at the way it regulate so many coin. Any coin project that do not have a stable liquidity, it removes them from the list of numerous coins available on it platform.

[Eldestyoung]

Taking advantage of the upcoming bullish run is a great idea, and there is a lot of exchange and site to use but I'll recommend you use LATOKEN which happens to be one of the best, with an easy interface and low transaction fees, and you can find all new projects their with just the contract address.
Very easy to buy and sell.
And swapping is fantastic too.

[Mehedi72]

There are many good exchange available but First of all you need to ensure, if the altcoin is listed on that specific exchange or not which altcoin you are going to start trading with? Binance could be best for trading as well as many facilities is available there. Moreover kucoin is the also best exchange for altcoins trading as well as shitcoins too. Mexc is also my favorite exchange where still you don't need to verify kyc for deposit and withdraw your altcoin. But be careful with such coin that can pump 40-50% within 24 hours cause it could also dump as same way as pumped

[kojektea]

There are many good exchange available but First of all you need to ensure, if the altcoin is listed on that specific exchange or not which altcoin you are going to start trading with? Binance could be best for trading as well as many facilities is available there. Moreover kucoin is the also best exchange for altcoins trading as well as shitcoins too. Mexc is also my favorite exchange where still you don't need to verify kyc for deposit and withdraw your altcoin. But be careful with such coin that can pump 40-50% within 24 hours cause it could also dump as same way as pumped

To trade meme tokens, it would be better to prepare a mentality that is not easily shaken, because meme tokens usually have very unstable graphs, if we are lucky our money can be doubled in a matter of days or even minutes, but on the other hand we can also lose money in an instant. It depends whether we are mentally ready or not to trade with meme tokens, if we are not too ready, it is better to trade popular coins and it requires patience

[God bless u]

There are many good exchange available but First of all you need to ensure, if the altcoin is listed on that specific exchange or not which altcoin you are going to start trading with? Binance could be best for trading as well as many facilities is available there. Moreover kucoin is the also best exchange for altcoins trading as well as shitcoins too. Mexc is also my favorite exchange where still you don't need to verify kyc for deposit and withdraw your altcoin. But be careful with such coin that can pump 40-50% within 24 hours cause it could also dump as same way as pumped

Dump and pump anyways in every exchange but I like Binance exchange very much because the features are different and very easy. And in addition to this, copy trading has also been introduced and there are many other features, convert option is also available.

You can install whatever you want.but I really like binance It's awesome and I fully support it because it's a great exchange.

[Tahid12]

Don't go for altcoins what pump and dump too frequently. And make sure you have idea about trading so that you can find out why those altcoins prices are increasing or decreasing as well as some specific details which is necessary before buying those. And you can trade any exchange what allow uk user in their exchange for trading.. mainly you can check Coinbase and huobi exchange, they are giving best service to uk including Europe, as far my knowledge.

[Assface16678]

Don't go for altcoins what pump and dump too frequently. And make sure you have idea about trading so that you can find out why those altcoins prices are increasing or decreasing as well as some specific details which is necessary before buying those. And you can trade any exchange what allow uk user in their exchange for trading.. mainly you can check Coinbase and huobi exchange, they are giving best service to uk including Europe, as far my knowledge.

Altcoins are mostly coins that are made for a project; in short, they're like start-up coins where you can invest in them, but the risk is too high as the coins may not last for too long as the project lacks information, marketing strategy, and advertising. That's why they can't cope and end up dropping sharply. But this kind of coin, or altcoin, can also be a gem in the mud. What I mean is that even if it's too risky, there are altcoins that have the potential to reach an ATH or all-time high price before it drops sharply and completely disappears. In those happenings, you can find a window where, if you enter in the right price and time, you can earn a lot, or, in short, take advantage of the short time frame where the coins will reach ATH before they drop. Altcoins may be dangerous and risky, but they can still be a good investment if done correctly.

[Jonyshake71]

It's true that, needs a lot of money to trade specially money need for better trading management. Without money, you can't do anything in bad situation when you need to add extra money to save your balance from liquidation. But trade is not for rich people only. Trade is for them who have knowledge about trading because a rich guy can ended up his money in trading if he take wrong decision and so is for poor guy to. Rich guys only get better management advantage, that's it

[wtsimis]

Some of the popular exchanges in the UK include Binance, Coinbase and Kraken. You can easily start with an investment of $200. Here each platform has its own feature fee and user interface. So you can find them according to your choice and meet the trading goals. You can set stop loss order to reduce the risk of trade. By starting small you can gain experience with little risk but always keep risk tolerance in mind.