Contents of this article:
The easiest way to buy cryptocurrency for a beginner is to register on a verified cryptocurrency exchange. The user will have to pay a commission to the service, but he will receive profitable and safe deals for the transaction instead of it. Let’s figure out which cryptocurrency exchanges you can safely trust your money.
How does trading on a crypto exchange work?
Before you figure out which exchange is better to trade cryptocurrency for a beginner, you should study the sale process. It’s very simple:
- Seller of the cryptocurrency creates an order for the sale, in which he indicates which coin and at what price he wants to sell. There are several types of orders, as they are called by experts, and you will learn more about them in Crypto Crew.
- Buyer, in turn, creates an application for the purchase of cryptocurrency, indicating the coin and the price he is ready to pay.
- When matching orders are found, they are automatically closed. As a result of the transaction, the buyer receives the coin, and the seller – his payment.
The crypto exchange performs all these operations automatically, tracking lots in real time. The parties to the transaction only need to create an application, the system does everything else itself. The best applications for playing on the cryptocurrency exchange allow beginners to trade as simply as possible at any convenient time.
TOP-5 best cryptocurrency exchanges for beginners
A platform that can be trusted must have a good reputation, liquidity, simple and understandable functionality. When choosing an exchange, we also recommend paying attention to the following options:
- time of work in the market;
- security level;
- choice of currency pairs;
- volumes of trade.
We shall take a quick look at the best cryptocurrency exchanges in 2022 that are better for beginners.
Our TOP of the best cryptocurrency exchanges:
- Binance. It is one of the world’s largest and most popular exchanges with high trading volume. It has a Ukrainian version of the site, supports a large number of cryptocurrencies, and offers a great variety of tools for passive income. Trading commission is 0.1%.
- ByBit is an exchange registered in the British Virgin Islands. The platform is available not only on desktop computers but also on mobile devices. It has its own referral program like many popular exchanges.
- Huobi is a platform originally from China. It has its own cryptocurrency called Huobi Token, and the platform also supports trading the most popular coins such as Bitcoin and Ethereum.
- KuCoin is a Hong Kong exchange with a high daily trading volume. It has a convenient and intuitively understandable trading platform for users, low withdrawal fees.
- FTX is a popular platform, which is actively used by both beginners and professionals. Registration does not take much time; the platform offers a large number of cryptocurrencies, favorable conditions for trading and withdrawing funds.
We will teach you to earn money on the best cryptocurrency exchanges quickly and easily
If you decide to buy cryptocurrency and are actively studying this topic, be aware of the risks. You have registered on one of the best cryptocurrency exchanges – this is the first step on the path to success, because you will not become a target for scammers. However, the risks of losing investments still remain, for example, when the rate of the crypt is actively changing during the day.
With the help of Crypto Crew mentors and a team of like-minded people, everyone can understand the world of cryptocurrencies! By joining our crypto-community, you will find out which cryptocurrency exchange is best for a beginner, how to manage funds wisely and make successful transactions. Community members share their experience and recommendations with each other, and mentors answer questions and help you understand a complex topic. Connect and you will find out which cryptocurrency is better for a beginner to trade on the Binance exchange and similar popular platforms.
Ready to study? Leave a request!
Author: admin_cryptocrew
