Top 10 Cryptocurrency Exchanges For Beginners
For those who are just beginning their acquaintance with cryptocurrencies and such concepts as crypto trading, it is reasonable to start with cryptocurrency exchanges for beginners, which are maximally optimized and simplified for inexperienced users of cryptocurrencies.
The trading platforms themselves have a fairly uncomplicated mechanism, and one wrong step can lead to loss of funds.
It is important to understand how everything works, and this crypto exchange should have a clear interface, enough help information, and constant technical support.
Why deal with cryptocurrency at all, you may ask? It’s simple, more and more services provide the opportunity to make transactions with cryptocurrency.
So, for example, if you want to use Tony Bet services, you will find to your delight that there is cryptocurrency support, which can’t fail to please people, who are worried about their security and speed of transactions.
However, this article is mainly about which cryptocurrency exchange services are most suitable for newbies.
- The main advantages: wide functionality, low commissions, affordable entry threshold, fiat support.
Binance is objectively one of the best options for novice traders. Having analyzed thematic forums, we can see that it is advised to beginners in 90% of cases.
It offers plenty of opportunities for active and passive income, a great number of trading options – different types of terminals, futures, leverage, p2p platforms, OTC trading for large volumes, plenty of supported currency pairs.
Newbies are advised to check the help section more often, where all aspects and sections are described in great detail. The exchange offers its own BNB (Binance coin), which gives users the opportunity to receive a decent discount when trading.
- The main advantages: a large choice of currencies, tools for passive income, a professional trading platform
OKEx allows both beginners and professionals to make high profits and easy withdrawals. Withdrawal fees can be adjusted if you want transactions to go faster.
Many popular coins can be purchased with a bank card. An extensive knowledge base will help the novice user to get the hang of it.
- Main advantages: support for a huge number of assets besides cryptocurrencies, work with fiat, official regulation, leverage up to 100x, demo
Currency exchange is one of the easiest-to-learn platforms; there are a lot of text materials about trading strategies, tricks, risk mitigation, cryptocurrencies, and tokens.
Notably, there is demo trading – you can practice in real market conditions, without investing a penny, until you are confident in your abilities.
The interface is completely identical to the real one, but virtual currency is used in trading. Depositing from a bank card is possible, and the minimum threshold is only $10. However, verification is required in order to work.
- The main advantages: work with fiat, the ability to conduct operations without verification, low commissions, cryptocurrency cranes.
Having registered on the exchange Crex24, a newbie can get cryptocurrency for free with the help of cranes in the relevant section. It is enough to click “Get”, and the coin will be credited to the account.
True, this opportunity is available only for little-known tokens with low value, but nevertheless, it is an income of $2-3 per month.
Crex24 has low deposit and withdrawal thresholds, many popular payment systems are supported. There are quite a few currencies in the listing, but all of them are proven and quite promising. Support promptly responds to questions.
- The main advantages: you can quickly buy cryptocurrency from the card, and help, mobile application, activity in social networks.
EXMO is among the largest crypto exchanges in Eastern Europe. It supports over 180 trading pairs, allows working with fiat currencies.
For a newcomer who is only going to buy crypto, there is a convenient way to quickly make a purchase from Visa or Mastercard.
EXMO representatives actively update the blog, communicating with clients on forums, social networks, and accepting comments and suggestions. You can chat with other users and quickly get answers to your questions there.
- Major perks: different types of trading, FTT token benefits, leveraged token trading, and tokenized assets
To trade on the FTX exchange, a newcomer does not need to be verified. The trading conditions are very attractive and the interface is simple and straightforward, with all the main functions distributed into their respective sections. There are passive income options where risks are minimized to almost zero.
- The main advantages: convenient card purchase, pleasant interface, easy to learn, high security, leveraged trading
At CEX.io, traders have the opportunity to earn income in a variety of ways, from a rather risky crypto trading to monthly rewards from cryptocurrency stacking.
Both storing assets on this exchange and conducting transactions with it are as safe as possible, this is confirmed by the availability of appropriate licenses and certificates.
- Main advantages: simple interface, full integration with Payeer wallet, many methods of deposit
Payeer Exchange Exchange was launched by the wallet of the same name in 2019. This is a convenient option for active users of the service: you do not need to create or verify a separate account, you can quickly switch to the exchange section and exchange assets using limit orders. In the future, it is planned to expand the functionality, but for now only the most popular functions are available.
- The main advantages: support of rare tokens, demo account, low commissions, input and output in fiat currency (dollar, euro).
At the exchange BTC-alpha, a newcomer can trade without passing the verification of the account. The trading terminal is very convenient and understandable, based on the Trading View chart, known for its functionality and thoughtfulness.
Technical support is available 24 hours a day. Among other things, BTC-Alpha is among the top 15 safest cryptocurrency exchanges in the world. It is especially in demand among those who want to trade new or rare tokens not supported on other platforms.
- Main pluses: simple trading interface, bonuses, demo account.
Bybit is a crypto exchange that specializes in trading perpetual contracts. Relatively new, but already with a high level of liquidity. Users, including beginners, note its high technology, ease of use of functionality, and a lot of available training materials.
You can start trading with bonuses that are given for registration. The safety of users’ funds is guaranteed by the insurance fund and cold storage of cryptocurrencies. Bybit is available to work with some trading bots and provides an API to connect them.