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Author Topic: Best exchange to start trading?  (Read 1151 times)
AYOBA
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November 21, 2023, 04:48:59 PM
Merited by fillippone (1)
 #61

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.
It is only your actions that will take you closer to your goals because success is your responsibility? It may not be my responsibility to act on your behalf, but allow me to remind you of this trip. I want you to remember that every journey in life involves some danger. Before you start trading, make sure you've done a lot of research on the coins you intend to buy. Don't rush because you've heard the bull run is knocking our door. The best thing for you to do right now is to go meet individuals who know a lot about different coins, and I can see that many people have recommended you with several sites that, if you take your time and look through them, will help you a lot.
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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.

Yes, this is a fantastic option if you truly want to start with this small amount in order to learn about market tactics. As a biginner, it is not a good idea to start with a significant amount of money. Many people lose money because they to invest money that they cannot afford. It has occasionally happened that some people will take out a loan for investments. How about if you lose? For this reason, it's wise for someone to spend only amount they can bear to lose.
 

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November 21, 2023, 08:40:14 PM
 #62

Am very conversant with the workings of Binance, mostly when it involves a newbie getting the hang of a simpler or lite version of the exchange to understand trading with.
Kucoin is also one of which will give a newbie a good experience too.

Incase a newbie understands how AI and bots work and how to apply them to trading effectively, Bitget will be better suited with such features to enable one relax more after setting a target using the bot tech.

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November 21, 2023, 08:58:46 PM
 #63

Am very conversant with the workings of Binance, mostly when it involves a newbie getting the hang of a simpler or lite version of the exchange to understand trading with.
Kucoin is also one of which will give a newbie a good experience too.

Incase a newbie understands how AI and bots work and how to apply them to trading effectively, Bitget will be better suited with such features to enable one relax more after setting a target using the bot tech.

Understanding things on these exchanges in a short time is quite easy, as Binance is one of them in which users can easily get the attraction to the Layout but in all of these after looking at the layout I can prefer MEXC would be better for those who just starts trading and that would be so much easy to getting the understandable trade in the start. Even though Bitget looks  a tricky to me, even I have used it less not that much but still I'm always attracted to Binance.

Binance always have some special things for users and I'm one of them who always follow it and trade there. Be aware of those exchanges which are not well known and which are not famous that much.

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November 21, 2023, 09:23:43 PM
 #64

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.

It's acknowledging for someone to purchase bitcoin to the right time and most especially the time that is bearish and wait for bullish, sometimes some people doesn't verify or make a research concerning a coin that is good to invest on, instead they invest when market is on positive and secondly some of the coins they invest on, they doesn't really make a proper research to ensure that they have know the rudiments of coin before venturing into the investment, so that is one of the things that contribute for loss in investment even in the trading, before you venture into trading at the person should take a precautions so that they will not be huge experience of loss.

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November 22, 2023, 01:01:45 AM
 #65

Using Binance Exchange for a long time I'm in love with that Exchange due to its impressive strong security through which my funds I seems are safe there.


We consider Binance exchange more secure as it is the most popular cryptocurrencies exchange in the crypto space. But centralized exchange will never 100% safe because it can be hacked at any time & you have no control with your assets, It's a big disadvantage in CEX's. 
even more so at the time of controversy with these cex, currently binance just had this controversy and so many people are already ready to withdraw their money off the exchange.
but overall if its not that significant amount of capital any of these reputable exchange will do just fine, just be sure to pick exchange with most of the liquidity because thats where you might get the first market change impression than the other. moreover with using reputable exchange we could be prevented from mistakenly investing in some random meme coin which obviously didn't get through the review process of these reputable exchanges.
I think right now, the event where these exchange are losing some significant amount of money from their wallet are quite rare many of them has given some prevention from that from happening.

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November 22, 2023, 08:16:47 AM
 #66

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.

It's acknowledging for someone to purchase bitcoin to the right time and most especially the time that is bearish and wait for bullish, sometimes some people doesn't verify or make a research concerning a coin that is good to invest on, instead they invest when market is on positive and secondly some of the coins they invest on, they doesn't really make a proper research to ensure that they have know the rudiments of coin before venturing into the investment, so that is one of the things that contribute for loss in investment even in the trading, before you venture into trading at the person should take a precautions so that they will not be huge experience of loss.
The best exchange for trading for the first time, I think we are using the biggest exchange at the moment, this aims to ensure that our funds are safe and of course the charts move according to existing market prices without any manipulation. so that we can carry out the strategy well and we can correct it if an error occurs. Therefore, when trading, you must be patient in the process

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November 22, 2023, 09:44:05 AM
 #67

I think if you are looking for the best exchanges for trading then definitely select exchanges like Binance or Kucoin. Because if you start trading in all these exchanges you will definitely never get scammed. Moreover, the main objective of trading is to start trading with the amount of money you can afford to lose. Otherwise if you search different places to start trading in all other coins you will definitely not find the right one so you can use coinmarketcap to find good coins.

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November 22, 2023, 01:41:03 PM
 #68

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?
For me any crypto trading/exchange site, for me it's the same, the important thing is that the official crypto exchange/trading site is legally operating in the country, or legal according to the laws in force in that country, for that reason I have also read and seen about 9 Best Crypto Exchanges UK in 2023 – Compare Crypto Trading Platforms., which operates in the UK to date.

But I don't know what type of crypto you want to trade and what you mean, overall any type of crypto other than Bitcoin currently doesn't look that good on average, but whatever the reason, you have full rights in determining the crypto trading you can do.

I hope you can enjoy the results of your crypto trading, on an exchange that you trust, hope that the type of crypto you choose will be a good thing for yourself.

R


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November 22, 2023, 02:39:31 PM
 #69

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

Fellow, patience is the key to success better accumulate and have patience, rather than focusing on the pumps and dumps of the shitcoins. If you really want to take a risk better play with the Shitcoins and it's not wise at all.

2 years hmm until now you've controlled your mentioned better suppress them for some more time it will be really fruitful, there are several exchanges (Centralized) working in the UK, Binance, Gate io, OKX and I'm sure most of them require KYC so better proceed with that one in which you feel secure. KAS is good one but for the Block I cant say anything also the SOL chain is now a days overhyped and all the projects on the SOL are overvalued according to current market postion.

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November 22, 2023, 05:36:40 PM
 #70

For beginner i will suggest kucoin or binance exchange ,Both  are very user friendly and  very easy to use . You can learn either spot trading or Futures on both platforms there are lots of educational contents and guides for newbies. The only con's about the exchanges is that both requires Kyc before one can be able to access their services now . I will also suggest that you find a pro that can help guide you with your crypto investment to avoid loosing so much money as you are just starting out now.
Lots of newbies in crypto that I know have used Binance, so you are right with that. I think I have also tried Kucoin in the past and I'm surprised that they their interface had a resemblance to Binance. So indeed that they are also user-friendly. It's great that the OP shared his location.

We almost forgot that this was also important because some crypto platforms has a country restriction. I still think that Binance operates globally because they are huge. They even have their own US version, as US is kind of a strict country. As a beginner, many are saying that they should start with spot trading as it's much easier, or less risky than the futures and other variations of trading.

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November 22, 2023, 06:04:41 PM
 #71

I think binance, kucoin exchange is best to start your trading because they have proper volume and faster security. On the other hand they are always providing the best support to the users and they have telegram support to use almost all the languages ​​of the countries. This question should really be asked by newbies as they are new to this but you may be an old member so do your research and pick the best exchange. However now almost all top exchanges have made kyc mandatory.
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November 22, 2023, 06:18:06 PM
 #72

I think binance, kucoin exchange is best to start your trading because they have proper volume and faster security. On the other hand they are always providing the best support to the users and they have telegram support to use almost all the languages ​​of the countries. This question should really be asked by newbies as they are new to this but you may be an old member so do your research and pick the best exchange. However now almost all top exchanges have made kyc mandatory.

According to the volume Kucoin is a good exchange to work and also it has some benefits for the users as it brings mostly the giveaways and they users benefits. Also through these giveaways users can earn a lot by just participating through the social media's and get the ID of the Kucoin and just by filling the forms.

Mostly the volume in the Kucoin is on of the reason it has secured a better position then the other exchange like the MEXC, Lbank and many more which are far behind the Kucoin Exchange mostly.

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November 22, 2023, 06:55:07 PM
 #73

I think binance, kucoin exchange is best to start your trading because they have proper volume and faster security. On the other hand they are always providing the best support to the users and they have telegram support to use almost all the languages ​​of the countries. This question should really be asked by newbies as they are new to this but you may be an old member so do your research and pick the best exchange. However now almost all top exchanges have made kyc mandatory.

Binance has one of the highest liquidity when we talk about trading. Trading on Binance can be very profitable if we know how to go about it compared to many exchanges that have limited tokens and trading pairs that might not have a good liquidity to trade on.
Binance is still the best exchange we can trade on with ease and there are other exchanges too we can use to accomplish our trading decisions and get what we want to achieve from trading.









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November 22, 2023, 06:59:38 PM
 #74

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.

I want to say don't use exchanges because of Binance that shocked many yesterday( I wasn't because I knew that's what they do behind the scenes) but we have decentralized exchanges but you have to be prepared with some challenges ahead like price slippage and running off bots, liquidity crisis but if the tokens you are talking about are popular by demand, liquidity will not be something to worry about. Ina addition, using a decentralized exchange free you of whether you are from UK or you are from Canada because KYC is not important. Some examples are uniswap, pancakeswap, Thorswap and Quickswap.

Try and consider the chain fees because the cost of trading on ethereum Dexes are might suck all your $200 in a day if you are.a regular trader. You can use pancakeswap for all you want because I believe they have all the coins you want and then later, you can bridge all you have on another chain of your choice and that will be save you from fees but be careful of the type bridge you use.

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November 22, 2023, 07:52:27 PM
 #75

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 g
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 a good opportunity to make some extra money which would then mean I can invest more into my long term plays.
Selecting an exchange is your own choice because there are many things to look for like KYC or Non KYC. The exchange which is best for me liked by does not mean that is also suitable for you. Yep, best thing we can do is to provide the exchange name and you can select which one is best for you.  There are a lot of exchanges showing but I a suggesting three eToro, Uphold, and binance.  In these exchanges uphold is the one who just supported limited varieties and the rest both support a larger variety.  These three are best but finance is more good then rest because it is the largest exchange in the world and supports a larger variety.  Before going use one of these three do your own research because it will make you more precisely in selection
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November 30, 2023, 02:31:47 PM
 #76

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.

Actually when it comes to derivatives there some special exchanges with some good features that are helpful for trade, I will suggest you opt in for Bitget, that’s currently the best derivative platform you can use. You equally have opportunity to use copy trading incase you get confuse analyzing charts.
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November 30, 2023, 04:07:50 PM
 #77

I found a good review on different exchangers when I was looking for myself where I could exchange Litecoin to Perfect Money https://www.bestchange.com/litecoin-to-perfectmoney-usd.html .
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November 30, 2023, 06:06:32 PM
 #78

There are many crypto currency exchanges in the crypto industry such as binance, Bittrex, bitstamp, kucoin, Coinbase and ftx.etc. You can start your crypto trading from any of the exchange. These are all best exchanges for trading. There are many others best exchanges you can search it on Google.
But first is that you have to learn about trading.

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November 30, 2023, 07:13:36 PM
 #79

Each country has different rules about trading and as a beginner, you must be able to choose exhange that has good liquidity - good security - good reputation - has many trading tools - have many coin pairs, and of all that binance is the main choice that can be made as a place for your trading activities. Don't use exhange carelessly to trade, the losses that you will bear will not be small, always reject trading in exchanges that don't have good liquidity - just operating - not having an active community.



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November 30, 2023, 08:29:32 PM
 #80

In my opinion one to two exchanges are enough to execute your trading so more exchanges will not give you good results. Moreover a new exchange is dangerous because of the certainty of your money. So if you want binance, kucoin these best exchange list. On the other hand if your country has a good exchange then accept it. But almost all exchanges can give you best feedback on making kyc mandatory.

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