Cryptocurrency trading is gaining more attention daily and there is actually need for us to properly understand how it works so that we can effectively maximise our journey on this crypto world. When it comes to the crypto trading most especially for beginners, you must definitely be so careful of the step you take when first entering the crypto world so that your crypto journey will be successful and one of it you must pay close attention to is choosing a good exchange for your trading activities.
I have come to discover that most of the time, beginners does not even know the right platform and right exchange to choose for their trading platform. When one looks at them deeply, you will discover that they cannot be blamed. There are a whole lot of scamming exchange out there that if you are not careful, it will lead you to more loss. There are actually a whole lot of advantages that lies in having a good exchange. A good exchange will definitely help you to have smooth trading experience.
Now looking at the crypto space and how competitive it has really grown, it has actually become so difficult to find a good crypto exchange that will offer you what you actually need. But nevertheless there are still few of them which I will be talking about. The first is coin base. In fact, I will say coin base is one of the first crypto exchanges we have. It was created in the year 2012 and since then, it has grew to become much more better. Coin base has a good user-friendly interface making it easy for beginners to understand and navigate their way when trading. But that is not even only the advantage.
Coinbase also has good educational incentives which example is coinbase earn. This educational incentives will go a long way to actually help beginners to understand how the crypto works most especially by them watching educational videos. Coinbase also have a whole lot of variety of asset that you can actually consider for trading even as a beginner. There is also availability of mobile apps that you can consider to trade from even as a beginner instead of navigating to their website every time.
The second exchange I will recommend for every crypto beginner is Binance. In fact, binance is the one for both beginners and even experts and that is because they have lots of Amazon features beyond what we can ever think of. Binance have something called the Binance Lite mode. This is the mode that every beginner will find it super easy to navigate on the exchange platform because it gives beginner that simple user friendly interface. Not only that but trust me, binance also have good extensive learning resources most especially in the aspect of binance academy. The last reason why I will also recommend binance to every crypto traders that are beginners is because it have low trading fees in fact the lowest.
The next exchange I will recommend though not common but also very useful for beginners is the crypto.com exchange. It is one of the most fastest growing exchange and have everything necessary for beginners to use to thrive. It even have beginner reward which I believe is a great thing. What that means is even as a beginner, if you did not have money to start trading, from the beginner reward, you can gather some money together and start trading.
There are a whole lot of exchanges I can continue mentioning but let me stop here for now. You see, if you are starting as a beginner, there are lots of things you must consider before choosing an exchange. You must first ask, is the exchange actually available in your country so that there will not be any restriction. You also need to compare their trading fee. Is it that low in which you can afford or it is so high that you will not be able to afford their trading fee. You also must check the reputation of the exchange whether it is tested and trusted. These are some of the little mistakes that I believe a lot of beginners always make when making a decision about where to trade.
The best exchange most especially if you are a crypto trader, the best crypto exchange are those that can give you simplicity, can give you utmost security for your funds and also helps to give you educational resources and low fees. When you have all of these sorted out, it will be super easy for you to find a crypto exchange that fits in. I always encourage beginners to start small most especially in their capital, they should grow and understand the crypto market before starting to trade with huge funds. At the end of the day, that particular profit you are looking for will still definitely come to you soon.