The Best Crypto Trading Platform for Beginners

If you’re just starting out with crypto trading, finding the best crypto trading platform can be difficult. With dozens of companies offering similar services and different strengths, it can be hard to determine which platform will offer you the best value for your money. Some platforms may even seem like they have great prices, but when you look more closely at their terms and conditions, you realize that they’re not what you thought they were. To help find the right platform to help you get started with crypto trading, let’s look at some of the top Best crypto trading platform options available and what makes them so great.

What Is a Crypto Exchange and How Does It Work?

A cryptocurrency exchange is an online platform where you can buy, sell, or exchange cryptocurrencies. Most of these platforms operate like a stock exchange with users bidding on coins and getting them listed for a set price. These platforms are often called cryptocurrency exchanges because they allow you to trade different types of cryptocurrencies (bitcoin, Ethereum etc) rather than fiat currencies such as USD and EUR. You can read more about crypto exchanges in our detailed guide here.

Types of Crypto Exchanges

There are a few different types of cryptocurrency exchanges, including Centralized and Decentralized Exchanges, the choice will depend on which type best suits your needs and preferences. We’ll talk about both in greater detail in just a moment.

Centralized Exchanges

One of the most common ways for people to buy and sell cryptocurrencies is through centralized exchanges. These exchanges make it easy to convert fiat currency into a wide variety of altcoins. Centralized exchanges do not store users’ funds, but rather facilitate trading between two parties.

Users must first deposit their fiat currency into an account at an exchange before they can purchase altcoins with it or withdraw them in exchange for fiat money. Some centralized exchanges are highly reputable and trustworthy, while others have poor track records regarding security.

There are also some notable downsides to centralized exchanges. They often charge large fees for each transaction conducted and do not allow users to retain control of their funds. When a cryptocurrency exchange is hacked, as has happened several times in recent years, it can result in major losses for all parties involved.

To avoid these pitfalls, some cryptocurrency investors choose to store their altcoins in wallets outside of centralized exchanges rather than trading them through them.

Decentralized Exchanges

A decentralized exchange is a virtual market that doesn’t depend on central servers to operate. It connects buyers and sellers directly while also ensuring that neither party can steal or manipulate funds.

This means that it’s not possible for hackers or rogue administrators to commit fraud or pocket money meant for other users because no single person controls all its functions or data records.

The decentralized exchange model has several advantages over traditional exchanges. It offers better privacy, greater security, and more transparency than regular exchanges. Also, in many cases there are no trading fees since you’re not relying on one company to match buyers and sellers.

How to Choose a Crypto Exchange?

To begin trading cryptocurrencies on an exchange, you’ll need to know how to choose a good platform. This might seem like a daunting task, but once you get started it will be easier than you think. The best way to do so is by looking for an exchange that offers all these criteria It has low fees; ideally, they should be less than 0.1% per trade and no more than $10 (USD) in total fees per month.

It offers wide variety of cryptocurrencies to trade; Not all exchanges offer all possible cryptocurrencies for trading. If you want to trade in just a few specific coins, make sure your exchange offers them. It has a good reputation and good reviews; Reputation is everything when it comes to cryptocurrency exchanges.

Best Crypto Exchanges

Coinbase

coinbase

Coinbase is one of America’s most popular cryptocurrency exchanges. In fact, it’s probably one of THE most popular U.S.-based platforms for buying and selling cryptocurrencies like Bitcoin, Ethereum, and Litecoin. The site has more than 13 million registered users (which makes it among some of biggest sites in all crypto) with $150 billion worth in digital currency exchanged so far.

The San Francisco-based company was founded in 2012 by Brian Armstrong and Fred Ehrsam to help people easily buy, sell, store, or spend cryptocurrencies like bitcoin with more than 30 different currencies available to purchase along with services that allow merchants to accept those same currencies as a form of payment.

Whether you have experience in trading cryptocurrencies or not, chances are you’ll feel right at home using Coinbase. The site is relatively easy to navigate and there are plenty of educational resources available to teach those who may be less familiar with how it all works. You can use a web-based app for exchanging crypto or download a mobile app for your iOS or Android phone if you prefer doing business on your phone.

Key Features

  • No. Currencies Available for Trade: 123
  • Transaction Fees: 0.04% to 0.50% (taker orders); 0% to 0.50% (makers orders)
  • Wallet Included: Yes

Pros and Cons

Pros

  • Top Rated Trading Platform
  • High Liquidity
  • User-friendly interface
  • Has Own Wallet

Cons

  • High fees for convenience.
  • Not Available in many country

website link: https://coinbase.com

Binance

Binance is a great option for cryptocurrency trading and has some of the lowest fees out there at only 0.1%. They offers all the major coins, including Bitcoin, Ethereum, Litecoin, EOS, TRON, IOTA and more. The platform is incredibly intuitive and features both basic and advanced user interfaces. You’ll also be able to find popular coins like XRP (Ripple), NEO, Monero, and many others on here.

More importantly, Binance is one of the most secure exchanges in 2018 with its second factor authentication being just as good as Coinbase’s. It’s easy to set up an account on Binance thanks to its two-factor authentication process that requires your phone number or email address.

Once you do that, it will send you a confirmation email containing information about how to complete your registration on their website. From then onwards, logging into Binance will require no effort at all because everything happens automatically.

Key Features

  • 100+ Currencies available for trade
  • Transaction Fees: 0.015% to 0.1%

Pros and Cons

Pros

  • Lower trading fees compare to other exchanges
  • Large variety of crypto trading pair
  • Charting

Cons

  • Blocked in Some country

website link: https://binance.com

Bitmex

bitmex

Not a beginner-friendly crypto trading platform, it is relatively easy to set up a professional grade crypto exchange account. The interface isn’t very user-friendly, but if you don’t mind technical analysis and setting up an API key, Bitmex has some of the best conditions around. You can make money in both bull and bear markets on Bitmex. This makes it one of the best crypto trading platforms for beginners and experts alike. The only downside is high risk – you could lose all your money. But if you never use leverage (only trade bitcoin for other cryptocurrencies), you will be okay.

Pros and Cons

Pros

  • Instant buy and sell
  • 100+ Coins available for trading

Cons

  • High fees
  • Interface not user-friendly

website link: https://www.bitmex.com/

Gate.io

gate.io

This is an advanced trading platform with a simple, easy-to-use interface. Its homepage gives you access to all your account information on one page and includes options for depositing and withdrawing cryptocurrencies as well as exchanging between different coins. The advanced charting package allows you to monitor up to 5,000 different assets at a time, which makes it one of the most comprehensive online platforms currently available for trading digital currencies.

Pros and Cons

Pros

  • Lower trading fees
  • 100+ crypto trading coins
  • Best Crypto trading platform meme coins
  • Has trading Bot

Cons

  • Interface not user-friendly

website link: https://gate.io

KuCoin

kucoin

Launched in September 2017, KuCoin is a China-based cryptocurrency exchange with operations in Canada, Japan, Korea, and Hong Kong. The company offers many different digital assets and has great user service. The platform offers trading fees of just 0.1%. Popular altcoins supported on the platform include Enigma (ENG), Red Pulse (RPX), Request Network (REQ) and VeChain (VEN). Deposits are made using both cryptocurrencies like Bitcoin and Ethereum as well as credit cards for larger transactions.

Pros and Cons

Pros

  • Hundreds of tradable cryptos with low fees.
  • Has Crypto trading bot

Cons

  • No recommend for beginner users

website link: https://kucoin.com

Gemini

gemini

Founded in 2015, Gemini is one of our favorites. The company has an A+ rating from BBB with a 4.5/5 stars based on over 2000 reviews. The exchange lets you trade Bitcoin and Ethereum with USD and EUR deposits and withdrawals. There are some restrictions, though: it’s not possible to deposit fiat currency like U.S. dollars or Japanese Yen onto Gemini, nor can you withdraw funds for a different crypto wallet outside of Gemini itself.

Pros and Cons

Pros

  • Simple, easy-to-use interface for Beginner
  • Available in 50+ stats
  • Top rated trading platform

Cons

  • High trading fees
  • Not available in many country

website link:https://www.gemini.com/

Crypto.com

crypto

Cryptocurrency is booming. Millions of people from all over the world are using crypto in some way, whether it’s for trading, or investing in a new business venture. Deciding to join in on all the fun can be a tricky decision for those who don’t have experience with crypto investing, and even more so for those who are new to currency trading in general. This is where one platform separates itself from others: they provide support that most others just can’t match.

Pros and cons

Pros

  • Hundreds of tradable cryptos with low fees.
  • High cybersecurity ratings.

Cons

  • Higher trading fees

website link:https://crypto.com

Uphold

unhold

This platform enables users to convert their fiat currencies into any cryptocurrency they want. It also allows them to hold these cryptocurrencies with zero fees and without having to worry about their funds being frozen by banks. In addition, it offers business accounts for businesses looking to accept crypto as a form of payment. This is certainly one of the best crypto trading platforms in terms of safety and security (like cold storage), but some people have reported issues with customer service when trying to get assistance from representatives on live chat.

Pros and Cons

Pros

  • Hundreds of tradable cryptos with low fees.
  • Has Crypto trading bot

website link: https://uphold.com/

Cons

  • No recommend for beginner users

Top Cryptocurrency Decentralized Exchanges

dYdX

dYdX is the company who created a decentralized exchange on Ethereum and eliminated the need to trust a central exchange. A hybrid exchange combines the benefits of decentralization (security and transparency) with the convenience of a centralized exchange (speed and usability).

To a great extent, dYdX and StarkWare have built a secondary protocol for leveraged perpetuals, based on StarkWare’s robust scalability engine and dYdX’s novel perpetual smart contracts. Now traders can trade with zero gas costs, reduced trading fees, and a reduced minimum trade size.

website link:https://dydx.exchange/

Uniswap (V3)

Uniswap is a decentralized ERC20 token exchange that provides fast and secure trading on Ethereum mainnet. They have no limits or minimum deposits, so you can trade as little or as much as you want. Moreover, Uniswap is peer-to-peer (p2p), meaning no middleman to take a fee off of your trades.

Overall, Uniswap is a platform that makes it easy to trade tokens and feels like a more modern version of EtherDelta. The layout is simple, and there are no frills or funky colors – just crypto trading! It’s also important to note that Uniswap has built-in crypto collectibles so you can get real Ethereum assets in exchange for your NFTs.

website link: https://uniswap.org/

PancakeSwap (V2)

PancakeSwap is a decentralized cryptocurrency exchange for BEP20 tokens hosted on the Binance Smart Chain. PancakeSwap’s proprietary automated market maker (AMM) facilitates user-to-user trades through a pooled liquidity approach. Pools like these are made up of people’s deposits.

They provide these deposits with liquidity in return for something known as LP tokens. With tokens, LP holders can claim back a share of their LP tokens, as well as a portion of the fees generated from trades. These tokens are called FLIP tokens.

On the farm, people are able to steal tokens, which are needed to obtain CANDY and MAPLE SYRUP. Stealing requires exchanging points (LP tokens) in a process that rewards users with cake. Users can bet CAKE tokens for the chance to get SYRUP tokens (that will serve various functions).

website link :https://pancakeswap.finance/

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