The best Bitcoin trading platforms for beginners – Victoria Thorndike
Now that you know how to buy bitcoin, it’s time to learn how to trade crypto-currencies. This is the next logical step for many bitcoin owners. That said, for starters, it is simply necessary to learn about the best crypto-currency trading platforms, in other words the brokers.
In addition, I stop you right now if you think it’s easy. No need to start, if you do not intend to learn at least the basics. Similarly, no need to start crypto trading if you do not have the necessary capital. And, by necessary capital, I mean a capital in addition, that you do not need to pay your basic charges. At first, I would advise you to try with a small amount, like $ 10. (Yes, the big advantage with crypto trading platforms is that deposits are low).
Yes, the goal is not to put you in the m *****
In short, I concocted this little article for beginners. I will tackle more serious things later, when you have chosen the best platform for you.
Contents.
What you need to look at first:
Before choosing your platform, look at the following:
Usability and user interface Awareness of the platform Past performance The project team. Check if your country is accepted in the platform Check customer support.
Keep these settings in mind when choosing your trading platform from the list below.
1. Binance: the best known.
best trading platform of bitcoin finance.
The Binance trading platform no longer needs to be described as it is known in the cryptographic world. It’s even the heavyweight in cryptocurrency trading. Moreover, I specify that this platform is suitable for both beginners and advanced traders. The interface is rather conviale. That said, if you have never traded, all trading platforms will seem “heavy” for you. If you are not used to seeing graphs and curves, it may baffle you.
But, rest assured, you’ll get used to it very quickly.
Why Binance is the most used trading platform? This is because there is never a problem of liquidation. If you sell or buy, you will definitely find someone to fill your order. Binance is indeed in the top 5 crypto trading platforms in terms of financial volume.
(In addition, if you use the platform’s token (BNB), then your transaction costs will be reduced by more than half, and I’m not even talking about the fact that you can also keep this token for future evaluation in the Basically, even if you do not want to trade right now, it would be smart to buy BNB).
And the most interesting thing in my opinion is the Binance smartphone app that is really well done and easy to use.
Fee: 0.1% (claim up to 50% off) Accessible worldwide.
2. KuCoin: a secure platform.
best bitcoin trading platform.
KuCoin is a very functional trading platform with an ideal interface for beginners (like you?)
In terms of volume, the platform is among the top 25 exchanges on the market. In the same way as for Binance’s BNB token, the Kucoin platform has its own tokens. Again, it’s interesting to get it in a HODL strategy.
Fees: 0.1% Accessible worldwide.
3. CEX.io: very appreciated.
CEX.io is another well-known platform for buying / selling crypto-currencies for beginners and for trading in general. Again, the interface is clear. Similarly, their history is very strong since the site exists. The trading platform CEX is a company based in the United Kingdom and since 2013.
As for Coinbase, you can also deposit foreign currencies such as EUR, GBP, USD, RUB, etc. on CEX and negotiate crypto-currencies such as Bitcoin, Bitcoin Cash, Ether or Ripple.
A small advantage of the platform is that you can buy crypto-currencies by credit card.
You can buy cryptos by following these simple steps. Let’s say that for example, you want to buy ether:
Register at CEX. Go to “Purchase” Note your credit / debit card information. Wait until the sum is received in euros. Redeem your euros currency for Ethereum.
Note that checking the card takes 24 to 48 hours, but after that you will be able to buy ETH instantly.
4. BitMEX: very popular.
best crypo trading platform.
“BitMEX Exchange” was developed by professionals from the financial community. It is therefore the most active and strong exchange you can find in the field of cryptocurrency.
In addition, it provides all the tools and techniques for beginners and beginners to start trading cryptocurrencies. Here again, it is a trading platform suitable for both beginners and pros.
Registration on BitMex is rather simple, you just have to register with your email. The fees depend on the cryptocurrency you trade. Here are their prices:
Bitcoin (XBT) 100x -0.0250% 0.0750% 0.0500% Bitcoin Cash (BCH) 20x -0.0500% 0.2500% 0.0000% Cardano (ADA) 20x -0.0500% 0.2500% 0.0000% Ethereum (ETH) 50x -0.0500% 0.2500% 0.0000% of Litecoin (LTC) 33.33x -0.0500% 0.2500% 0.0000%
5. Bitfinex: A must.
Bitfinex is simply one of the oldest trading platform. The platform is very similar to Bittrex. Bitfinex, like Binance, still has a huge volume of exchange. So you do not have to worry about liquidity when buying or selling on this exchange, as it still ranks in the top 10 trading platform.
In addition, the user interface is clear and has enough instructions and help on each page to help everyone use it. This is blessed bread for novice traders.
That said, to start using Bitfinex, you need to register, check your login and authenticate. It usually takes 2 weeks after valid proof of identity has been submitted for your application to be accepted. It’s telling you how serious the site is.
Fees: 0.1% to 0.8% Accessible worldwide except for the United States; Bosnia and Herzegovina; Democratic People’s Republic of Korea (North Korea); Ethiopia; Iran; Iraq; Syria; Uganda; Vanuatu; and Yemen.
Our recommendations for all platforms:
Even if you only trade for a few days, we recommend using trading platforms with the appropriate 2FA authentication. Indeed, they are centralized platforms. Next time, we will explain what is the difference with the decentralized platforms.
So much for the best cryptocurrency trading platforms for beginners. There are other platforms of course, but I find (personally) that too much information kills the information. I wanted to directly guide you to the 5 best platforms, especially if you start.
I prepare a complete tutorial to learn to use and trade on Binance very soon.
Published at Sat, 14 Sep 2019 16:02:59 +0000
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By trendingtopics on 2019-04-01 07:04:32
