Best Cryptocurrency Trading Sites For Beginners
Cryptocurrencies like Bitcoin have been able to spark the interest of potential investors. While cryptocurrencies can be used to purchase everyday items in some places, many more people are currently trading them in the hopes of making a profit as an investment. And investors have more opportunities than ever before to convert their hard-earned cash for decentralized digital money as the number of cryptocurrencies on the market continues to grow. But where exactly do you start when it comes to trading your preferred cryptocurrency? In this post, we have outlined five of the best cryptocurrency trading sites for beginners.
Coinbase is one of the most well-known crypto exchanges in the world. Cryptocurrency traders have used Coinbase since 2012, and the exchange has only become better with time. Coinbase is a great starting place for new traders thanks to its user-friendly interface, simple onboarding procedure, and free $5 in Bitcoin just for opening an account. Coinbase also allows you to view all of the coins in one location, has a straightforward user experience, and allows you to buy a variety of crypto quickly and easily.
Bitfinex is one of the most secured cryptocurrency exchanges for newcomers. It’s similar to Bittrex, but it only accepts fiat currencies like USD, EUR, and GBP. Bitfinex always has a large volume, and so there is never a shortage of liquidity when buying or selling on this exchange since it consistently ranks in the top ten on CMC. Moreover, the exchange UI is simple to use and includes sufficient information on each page to assist even the most inexperienced user.
Changelly is a user-friendly cryptocurrency exchange for beginners. You can send one currency and exchange it for another supported currency with Changelly. It doesn’t require you to go through the time-consuming KYC procedures. However, it does require you to check-in using your email address. Changelly now supports over 35 cryptocurrencies as well as fiat currency pairs, including USD/EUR. Also, if you want to buy cryptocurrencies with debit or credit cards, it is one of the most user-friendly bitcoin exchanges available.
Binance, another major cryptocurrency trading site, has barely been active for four years yet has already dominated the crypto market. While inexperienced cryptocurrency traders will find Binance straightforward to use, it may be perfect for crypto day traders — minimal trading fees, powerful charting tools, and a user-friendly mobile app allow for quick and easy cryptocurrency trading. With all of these amazing features, it’s easy to see why Binance has grown to become one of the world’s largest cryptocurrency exchanges.
Gemini was created in 2014 by the Winklevoss twins and has since established itself as one of the most trusted names in cryptocurrency. Gemini’s two biggest stars were Bitcoin and Ethereum (ETH), but the exchange now allows customers to trade over 40 additional cryptocurrencies. The foundation of Gemini is trust, and the site was built with regulatory compliance in mind. The firm is a fiduciary, and the site is covered by the Federal Deposit Insurance Corporation. As you can imagine, security is a top priority for Gemini.