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Author Topic: Best exchange to start trading?  (Read 1142 times)
Bitcoinpoly
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February 13, 2024, 03:12:09 PM
 #141

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.
That’s a good bold step to take btw. Also as for the right exchange to use, personally I will recommend exchanges that will help you as regard to your trading journey. Exchanges like Bitget and Binance are currently the leading derivative exchanges, though I will recommend Bitget to you because of its features like the copy trading, bot trading and also the Smart portfolio bot; these are tools that will help you in your trading journey.
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February 13, 2024, 08:17:14 PM
 #142

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.
Dear OP you are most welcome to trading. Now a days trading is most popular to profit from cryptocurrency. You told about 2 Altcoins and thats increased about 40% But if you mentioned about thats Altcoin that's will be better to help you to tell about It's market. But ignored it.
But i think Binance is best Exchanger ever. And this also trusted for investors and traders. Moreover huge good exchanger available in cryptocurrency market. You can trade there. If you want to trade with your $200 fund you can use Binance/kucoin/gate io/mexc etc exchanger. I think you can easily profit from trading if you follow trading rulesand trade properly.
Note- You have to analyze about it. Thanyou.

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February 19, 2024, 11:07:27 AM
 #143

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

After all those knowledge if you don't use the best exchange for trading you'll lose all the money you have made from trading because we have many exchanges that are scams. They're scamming those people that are using their exchange ignorantly. Some exchange are listing anything they can list, exchanges are only after making their exchanges very active therefore they won't care what they listed. Kucoin is an exchange that any body that don't want to buy a projects that has nobody working on them shouldn't use. Kucoin list all types of cryptocurrency without doing their findings. I'll use a decentralized exchange than to use kucoin for trading because they also have low trading volumes and only copying other exchange to list the same projects that they're listing.

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February 19, 2024, 01:21:11 PM
 #144

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

After all those knowledge if you don't use the best exchange for trading you'll lose all the money you have made from trading because we have many exchanges that are scams. They're scamming those people that are using their exchange ignorantly. Some exchange are listing anything they can list, exchanges are only after making their exchanges very active therefore they won't care what they listed. Kucoin is an exchange that any body that don't want to buy a projects that has nobody working on them shouldn't use. Kucoin list all types of cryptocurrency without doing their findings. I'll use a decentralized exchange than to use kucoin for trading because they also have low trading volumes and only copying other exchange to list the same projects that they're listing.

If they don't do a background checking on the exchange they select to trade for sure they would suffer on the consequences since there's a big chance that they might get scam. There are lots of scam exchange and they are trying to lure newbies to choose their exchange then scam them. That's why its important for people to always verify the legitimacy of the exchange so that no money will loss on any scams around.

Its easy to verify which exchange is the best since they can ask the community regarding on the feedback of those exchange then get some suggestion on what is the top one exchange to choose then they go for it.

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February 19, 2024, 01:32:54 PM
 #145

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

After all those knowledge if you don't use the best exchange for trading you'll lose all the money you have made from trading because we have many exchanges that are scams. They're scamming those people that are using their exchange ignorantly. Some exchange are listing anything they can list, exchanges are only after making their exchanges very active therefore they won't care what they listed. Kucoin is an exchange that any body that don't want to buy a projects that has nobody working on them shouldn't use. Kucoin list all types of cryptocurrency without doing their findings. I'll use a decentralized exchange than to use kucoin for trading because they also have low trading volumes and only copying other exchange to list the same projects that they're listing.

If they don't do a background checking on the exchange they select to trade for sure they would suffer on the consequences since there's a big chance that they might get scam. There are lots of scam exchange and they are trying to lure newbies to choose their exchange then scam them. That's why its important for people to always verify the legitimacy of the exchange so that no money will loss on any scams around.

Its easy to verify which exchange is the best since they can ask the community regarding on the feedback of those exchange then get some suggestion on what is the top one exchange to choose then they go for it.

if you are in a country where ownership of crypto assets is legal. I think the best exchange for those learning to trade is the local exchange in their country which provides deposits and withdrawals in the currency we have. it is simple and very helpful for beginners.
but when it comes to listed assets, of course, we have to look for whether the assets are popular or not and whether they are listed on several well-known exchanges or not. We have to be careful so that we don't make the wrong deposit or connect our wallet to an exchange website that we don't know the trustworthiness of.



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February 19, 2024, 02:40:36 PM
 #146

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.
That’s a good bold step to take btw. Also as for the right exchange to use, personally I will recommend exchanges that will help you as regard to your trading journey. Exchanges like Bitget and Binance are currently the leading derivative exchanges, though I will recommend Bitget to you because of its features like the copy trading, bot trading and also the Smart portfolio bot; these are tools that will help you in your trading journey.
I don’t have experience with Bitget exchange but i have long experience in binance. Binance really a amazing crypto exchange. and anyone can trust binance in centralized exchange world.
You are telling about copy trading, bot trading. both are high risky. If you don't have experience in trading and if you don't have trading & technical analyses skill then you shouldn’t jump in trading. copy trading can bring profit but suddenly you will face a big loss. coz you don’t have trading skill so you will not able to use right amount in right time.

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March 08, 2024, 08:03:58 PM
 #147

Actually, I don’t really have much to see or advice you can go into Binance because currently I prefer using Binance to me that is where I have been making good profit and I understood how it works very well but whatever you are doing be careful. and you have to learn very well. I know Trading is gambling and very risky but it’s also good and advisable. You have some good knowledge before going into it proper I wouldn’t want you to be in a hurry come down and get all the information properly. From other replies, I may not reply you exact thing you want, but I am giving you a tip of advice.



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March 09, 2024, 07:28:55 PM
 #148

For a beginner I will suggest using kucoin exchange cause of it's simplicity and very user friendly interface . I started with it also when I was a newbie to crypto.Its not complicated at all.

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April 12, 2024, 10:51:06 PM
 #149

Best exchanges for UK in my view, are Coinbase as well well gate exchange. I was about to suggest binance but i found it banned in uk from year ago. Otherwise binance could be best cause i haven't found volume, liquidity and traders as well as facilities like Binance. But undoubtedly coinbase could be best option for UK user/traders. It also provides you many facilities and advantage during trading. But make sure you have a good knowledge about trading. Doing profit from some trades, won't make you help survive in marlet for long

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