As cryptocurrencies become mainstream, more and more people are getting interested in investing. But not everyone has the knowledge to pick the right coins. This is why more and more companies are coming up with crypto-friendly services that make investing accessible to the average Joe.
If you’re interested in getting started, but don’t know where to begin, check out this article about the safest ways for beginners to get started with cryptocurrency trading. Whether you want to trade a small amount of money or invest a significant amount of money, there are different exchanges available on the market that cater specifically to newbie traders. Here are the 5 safest places for beginners to get started when it comes to cryptocurrency trading.
Coinbase
If you already own bitcoin or another well-known cryptocurrency, then Coinbase is a great way to get into the game. This San Francisco-based company has been an industry leader for a few years now. Not only does it provide an easy-to-use service, but it also offers the highest level of security.
In fact, it’s so secure that it was awarded a patent for its “collateral-backed digital asset exchange-traded fund (ETF)” technology. This means that Coinbase is one of the safest exchanges available. It also has a strong reputation among investors, earning it a 4.5-star rating on TrustPilot.
This exchange is available in 32 countries, and you can fund your account using a Visa or MasterCard debit card or bank transfer. Although this is a great option, it’s not ideal for beginners. It’s also a bit expensive.
Binance
Binance is one of the newer exchanges around. It only launched in July 2017, but it has already grown to become one of the largest cryptocurrency trading platforms in the world. This decentralized exchange doesn’t store your funds, so it’s a completely secure way to trade cryptocurrencies.
It also has a decentralized management system. This means that there’s no central party that’s in charge of managing the system. This is a great option for traders who don’t want to deal with the hassles of dealing with a centralized exchange.
The exchange is available in multiple languages and supports around 100 different cryptocurrencies and more than 300 trading pairs. It also offers a high token liquidity to ensure that your funds are easily traded. Users have praised the ease of use and low fees of this exchange. However, some have noted that this exchange is a bit difficult to use.
Gemini
Gemini is another reliable exchange that’s perfect for beginners. It’s a fully licensed and regulated exchange based in the US. This means that you can trust it with your funds and expect them to be safe.
It’s also one of the more affordable options among the exchanges we’re reviewing. It only charges a 0.25% fee for trades, and it only charges a $0.0045 fee for withdrawals. It also offers a variety of payment methods, including bank transfers, Interac Online, and Sebi-approved payment systems. These payment systems allow you to use your debit or credit card without incurring any foreign transaction fees.
The exchange is available in over 38 states, making it available to a large number of US residents. It supports around 50 different cryptocurrencies. You can also set up a bitcoin wallet on the exchange to help you manage your funds. Some investors have been happy with the service, but others have noted that it has had a few issues.
Bitfinex
If you want to get started with trading large amounts of money, then Bitfinex is the perfect exchange for you. This Hong Kong-based exchange offers a high level of liquidity and security. It has been operating for nearly a decade, and it employs some of the best security experts in the industry.
It also offers a high level of customization. This means that you can customize your settings, like the types of orders you want to place, and how frequently you want to trade. It also has a robust reporting system that allows you to keep track of your trades, deposits, and withdrawals.
The exchange supports around 113 different currencies and more than 36,000 trading pairs. It also provides high-level customer support. Users have noted that the exchange is easy to use, but some have also noted that it has had issues with withdrawals.
Kucoin
Kucoin is a new exchange that’s quickly growing in popularity among newbies. It offers a wide range of features, including a robust trading system, decentralized management system, and a robust security system.
The exchange also has a well-developed user interface. These features have earned it a 4.5-star rating on TrustPilot. It supports around 100 cryptocurrencies, and users can trade using Kucoin shares or Kucoin tokens. It also offers a high level of liquidity and has a strong listing system.
This means that it only lists new tokens that have a high likelihood of success. It also has low trading fees and a robust user support system. Some investors have been happy with this exchange, but others have noted that withdrawals can take a long time.
Bittrex
Bittrex is another high-quality exchange that’s quickly gaining popularity among newbies. It’s based in the US and offers a high level of security with robust security systems and advanced technical systems.
It also has a robust listing system and high token liquidity. The exchange supports more than 300 cryptocurrencies, and users can trade using US dollars, Bitcoin, or Ethereum. It also has low trading fees, high token liquidity, and a robust user system. The exchange also has a robust trading system and has been around for a while.
It was one of the first exchanges to offer various kinds of functionalities, like buying and selling tokens or trading various kinds of assets. Some investors have been happy with this exchange, but others have noted that withdrawals can take a long time.
Conclusion
These are just some of the best exchanges available for new traders. If you’re interested in getting started, you can find out more information by reading our guide on how to choose the
best cryptocurrency exchange. As you can see, no matter your skill level, there’s an exchange that will suit your needs. Before you invest your hard-earned money, you should make sure to research your exchange and understand how it works. After all, the best way to protect your assets is to know where they are at all times. With these 6 safest exchanges for beginners, you can easily get started with cryptocurrency trading.
