Best trading platform

[Euphykorie]

As a beginner who is trying to navigate my way through cryptocurrency, I’d like to ask some advice.

Considering the fact that scammers are everywhere, which app (exchange or trading platform) is the most secure to use for trading? Also, which security measure would you recommend to protect my coin once I start trading?

I believe this will not only help me, but also other beginners who might have the same concern.

[SATWAT]

As a beginner who is trying to navigate my way through cryptocurrency, I’d like to ask some advice.

Considering the fact that scammers are everywhere, which app (exchange or trading platform) is the most secure to use for trading? Also, which security measure would you recommend to protect my coin once I start trading?

I believe this will not only help me, but also other beginners who might have the same concern.

Usually peoples like to platforms with their regional prefer because these give them better security and understanding but still if Binance works for you its currently one of the best place for trade with security and strong help of support in any problem.

In case if you are not happy with Binance then surely have few other choices like
https://www.gemini.com
https://www.kraken.com
https://www.coinbase.com
https://www.kucoin.com
https://www.bitfinex.com

[Asta124]

Considering the fact that scammers are everywhere, which app (exchange or trading platform) is the most secure to use for trading? Also, which security measure would you recommend to protect my coin once I start trading?

The primary concern should be security, as no matter how much profit we make from trading, it will be useless if we ultimately lose our assets due to the platform poor security. Here is a list of platforms that I think have good security and why:

1. Coinbase
Coinbase is not the largest platform, because the largest platform is still occupied by Binance. Some reasons why Coinbase is the safest platform today:

• Listed on NASDAQ
• Regulated by SEC & FINRA, It is an advantage if you are a U.S. citizen
• There is asset insurance in case of hacking

Of the many platforms that have never been hacked, Coinbase is one of them. It has never experienced a hack since its inception until now.

2. Kraken
One of the strong reasons why you should use this platform is because they implement military-grade security. Makes us more confident to use their platform.

3. Binance
High-level infrastructure, anti-fraud system & real-time monitoring. If Binance is hacked, we don't need to worry because Binance has SAFU Fund, they will compensate all our assets if  major hack occurs on the platform.

4. Bitstamp
I don't have any special reason for this platform, they have good reputation & worthy of our trust with all the regulations surrounding this platform.

5. Gemini
There are only 2 reasons for this platform:

• They are regulated by the NYDFS
• Industry level security audit, they have SOC 1 & SOC 2 certifications

[notocactus]

Considering the fact that scammers are everywhere, which app (exchange or trading platform) is the most secure to use for trading? Also, which security measure would you recommend to protect my coin once I start trading?

I have some advices for you but the first and most important adivce for you is

• Don't trade. Focus on investment in long term instead.
• Don't engage with altcoins, only focus on Bitcoin for investment. Let's say it clearly that if you decide to invest, not trade, it's good but not enough. Make sure you invest your capital in only Bitcoin, and don't invest your money in altcoins.

Altcoins are very scam and altcoin projects can die anytime especially during long lasting and boring bear market which usually lasts for two or three years in each market cycle.
How many cryptocurrencies failed.

If you still ignore investment, and decide to trade, make sure you always use one of best weapons in trading.

[Euphykorie]

Thank everyone for their contributions. I think I should hold on with trading for now and focus more on the strategic aspects of crypto to easily navigate as a beginner . Either Binance or Coinbase would be considered when ever I’m ready to start trading since they seems to be more beginner- friendly.

[programmer3666]

As a beginner who is trying to navigate my way through cryptocurrency, I’d like to ask some advice.

Considering the fact that scammers are everywhere, which app (exchange or trading platform) is the most secure to use for trading? Also, which security measure would you recommend to protect my coin once I start trading?

I believe this will not only help me, but also other beginners who might have the same concern.

As a beginner i think the first thing you should focus on is the aspect of security before even thinking about profits. when it comes to exchanges try to stick with the well known ones that have been around for a bit longer and have a good reputation such like Binance, Coinbase or Kraken and lately Bybit. it is not like they are perfect but some level of tight security is clear enough and they are way more safer than some random new platforms that will need so much promotions on social platforms to proof how authentic of legit they are. And again once you start trading!!! don’t leave all your coins sitting on an exchange that's like asking the wolf to look after a sheep!! i mean for instance early months of this year, Bybit was hacked although Binance came to their aid at the right moment but that just shows that exchanges are not entirely immune to really smart hackers. It is a very safe move to get yourself a wallet, even a free mobile wallet is better than nothing, but if you  are kind of more serious about it!! then a hardware wallet is the best option...

also a good practice and highly recommended to always activate 2FA Google Authenticator not just SMS or Email and never share your keys not even with close friends and always double check links before logging in because scammers usually take advantage of small mistakes.

[Royal Cap]

Usually peoples like to platforms with their regional prefer because these give them better security and understanding but still if Binance works for you its currently one of the best place for trade with security and strong help of support in any problem.
In case if you are not happy with Binance then surely have few other choices like
https://www.gemini.com
https://www.kraken.com
https://www.coinbase.com
https://www.kucoin.com
https://www.bitfinex.com

At first glance, I thought Gemini was Google Gemini  . Later, when I went to the website, I saw that it is actually an exchanger. Actually, Binance is a popular exchanger in our country. That is why Binance is more familiar to me. And yes, I am familiar with the other sites you mentioned.

And I want to tell the OP that you should trade through the exchange that is more popular in your country. Because you will get better support from it, along with more p2p sellers/buyers. Through which you can easily buy/sell dollars or cryptocurrencies.

Also i agree with programmer3666 about the security concerns.

[Alone055]

Also, which security measure would you recommend to protect my coin once I start trading?

Security-wise, to keep yourself safe individually, when you are using a platform, make sure you have a very strong password and enable 2FA for sure. These two are mostly the only options that can keep you safe from hacks and exploits if they are attempted on your account individually. If something happens to the exchange as a whole, that's not your responsibility, and you will be compensated by the exchange if your money is stolen but only if you are using a platform that has ensured user's funds, Binance is one of them.

Other than that, if we talk about trading itself, I wouldn't recommend doing a lot of experiments as a newbie. Just stick to the old and recognized cryptocurrencies so that you don't lose money in the initial stage until you become experienced and gain enough knowledge, and then you can start doing experiments on new coins and projects.

Lastly, don't get into future, it's not an easy way to make a lot of money, it's not good for newbies because there are too many risks.

[tabas]

Thank everyone for their contributions. I think I should hold on with trading for now and focus more on the strategic aspects of crypto to easily navigate as a beginner . Either Binance or Coinbase would be considered when ever I’m ready to start trading since they seems to be more beginner- friendly.

Despite that there is no perfect exchange and 100% foolproof. Go with the known ones as a beginner. Because there are unknown exchanges where beginners are directed to but in the end, they went to those unknown ones, and turns out they're not a legitimate exchange. And that's a good option for you to opt to, there's also the popular exchange on,e which is the hyperliqui,d if you want to check it out. Just about the futures market when you're not yet ready for it. Don't blindly believe on those influencers that are telling their fans they've made so much money trading on futures.

[Potato Chips]

Either Binance or Coinbase would be considered when ever I’m ready to start trading since they seems to be more beginner- friendly.

Yeah, it is best to go with reputable platforms as there have been countless of scam/shady exchanges.

You can also try to do demo trading just to get used with the platform before you start actual trading. There is no risk involved so it can't 100% mimic the real market sentiment. But it is good when exploring functions, and trying to get used to the UI/UX as most platforms work pretty similarly so it should help you.

https://testnet.bybit.com/en/
https://testnet.phemex.com/
https://testnet.binancefuture.com/ - no spot
https://testnet.bitmex.com/ - no spot

[Darker45]

Although using them doesn't mean you won't encounter problems, the risk is indeed lower when you choose the biggest and the most popular platforms than unknown ones. Not to mention that volumes, pairs, liquidity, and the overall trading experience are expectedly better with them.

As far as security measures are concerned, there's probably a long list of dos and don'ts which include making sure you read and understand the platform's terms and conditions before making a deposit. Make sure you aren't trading from a restricted area. Some would say it's not a problem if you use a VPN. No, don't do that. You're only courting problems. Your funds could even be frozen.

Be ready with your KYC documents or the possibility of being required to submit them. Make sure you have government-issued IDs and can prove your address and source of funds.

Furthermore, use all security measures made available by your platform of choice including 2FA, anti-phishing code, and others.

It's also advised to communicate with official channels only. There are scammers posing as official staff or support that may send you links and forms and whatnot. Avoid responding to them or clicking on their links.

[YOSHIE]

Thank everyone for their contributions. I think I should hold on with trading for now and focus more on the strategic aspects of crypto to easily navigate as a beginner . Either Binance or Coinbase would be considered when ever I’m ready to start trading since they seems to be more beginner- friendly.

Your consideration and the decision you make about not in a hurry to trade in the crypto market, I think it's a good step, we are very familiar with the risks that could occur for beginners when carrying out crypto trading activities.

In short, trade in the crypto market is not as easy as we have ever seen on YouTube or the media, you are really demanded to learn more and understand the trade strategy From your nearest mentor, after you understand the new crypto trading you do activities and use the best exchange platform as you recommend in your second post.

[Z-tight]

Thank everyone for their contributions. I think I should hold on with trading for now and focus more on the strategic aspects of crypto to easily navigate as a beginner

Better option in my opinion. Hope people over the internet have not sold you lies that it is easy to make money through trading, or that it is a get rich quick scheme, don't believe such people, many of them tell lies when they boast about how much they have made from trading. Sometimes they tell those lies to sell you a trading strategy, and any money they seem to be making is from gullible people who purchase signals from them.

[The Cryptovator]

As a beginner who is trying to navigate my way through cryptocurrency, I’d like to ask some advice.

Considering the fact that scammers are everywhere, which app (exchange or trading platform) is the most secure to use for trading? Also, which security measure would you recommend to protect my coin once I start trading?

I believe this will not only help me, but also other beginners who might have the same concern.

I had been using Binance, but after a problem with them, I am using Bybit. Binance suspended my account, though they enabled withdrawal to withdraw my funds. It was my mistake, though; Binance is still one of the reputed exchanges. Later I liked the Bybit interface; for trading I have been using it for quite a while longer.

Whatever exchange you use, just use it for trading purposes. Don't store your funds there for longer. You are responsible for securing exchange credentials. Don't store your credentials online; write in your notebook and secure it safely. So you may choose Binance.

[Asiska02]

Thank everyone for their contributions. I think I should hold on with trading for now and focus more on the strategic aspects of crypto to easily navigate as a beginner . Either Binance or Coinbase would be considered when ever I’m ready to start trading since they seems to be more beginner- friendly.

It is good you’ve decided to change your scope as a beginner and focus more on the less risky part in cryptocurrency. Investing in crypto assets is much more better for you as a beginner than coming into cryptocurrency to first jump into trading.

Trading can be very profitable but the risk involved shouldn’t be what any beginner will be able to condone, it could make them hate cryptocurrency and never get the chance to invest ever again even as trading failed them and gave them the wrong impression to cryptocurrency.

As a beginner, I’ll advice you invest into bitcoin and also learn about, wallet, security and privacy. While getting yourself acquainted to those, you can picture out well how your portfolio is reacting to market volatilities and think about how you will be able to handle that in a position of a trader.