Top 5 Crypto Exchanges for Beginners

Digital is getting more and more people’s attention. Someone comes to the cryptosphere for the sake of big earnings, someone is simply interested in creating new technologies. But whatever moves you personally, remember: you are not ashamed to be a beginner. Every person in any field once took the first steps.

It takes knowledge, perseverance, and a little luck to be successful. We cannot provide you with luck or share perseverance in achieving a goal. But we can give but share our observations.

How to Choose a Cryptocurrency Exchange?

You can find a trader and know nothing about the cryptocurrency market. Pay attention to:

• Development team;
• Ensuring the safety of funds;
• Access geography;
• Customer reviews;
• Exchanges.

Actually, it will always be important to pay attention to these parameters.

Best Cryptocurrency Exchanges

It should be noted that there are two types of exchange services on the network: traditional exchanges and instant exchange services. Traditional cryptocurrency exchanges are gradually acquiring features typical of classic funds and currency exchanges: the possibility of placing orders is being implemented, leverage is provided, etc.

On such trading platforms, it is often possible to convert cryptocurrencies into fiat money or title units of electronic payment systems. 

LetsExchange

Many users prefer though instant exchanges such as crypto exchange online Letsexchange and other similar services. You can exchange cryptocurrency for them without registration, which is very important for people who want to remain anonymous. Besides this benefit, LetsExchange supports about 300 coins. The interface is absolutely user-friendly that makes it super convenient for beginners.

Coinbase

It is a popular exchange where you can buy and sell Bitcoin, Ethereum, and Litecoin. Purchase of cryptocurrencies for fiat money using a payment card is available. The Coinbase wallet is convenient for storing cryptocurrency and then withdrawing it to hardware wallets like Trezor or Ledger Nano S.

Before starting work, you need to register, download an ID scanner and attach a bank card if you plan to use it to make a payment.

Please note that Coinbase services are not available in all countries. Before registering, please check the accessibility from your country.

Bitfinex

One of the oldest cryptocurrency exchanges, similar to Bittrex. The service works with fiat currencies. The interface of the trading platform is well thought out and contains detailed instructions.

Then you need to confirm your ID and be authenticated. The document verification procedure takes up to 20 business days.

Bitfinex has handy mobile apps that let you trade on the go. The platform is available in almost every country in the world.

Bittrex

Bittrex is an American company with a good reputation. Very similar to Bitfinex, but does not work with fiat currencies. The addition of the US dollar is planned in the near future.

Kraken

The company is based in the USA and works faster than other top-end services. In addition, the platform has the richest selection of coins and cryptocurrency pairs.

However, if you need to exchange BTC to Cake or even more exotic cryptocurrency, it is much easier and faster to do it using the instant exchange service.