Beginners who are new to cryptocurrencies are definitely in for a treat. These people are confused by going to large and complex exchanges. So the best way is for beginners to trade in exchanges that have an easy user interface. So we have listed the best exchanges for beginners here and we will review them.
Coinbase
This exchange was established in 2012. It is one of the most traded exchanges. It is also one of the safest and most trusted exchanges in the United States with a license in most states. In addition to trading a large number of digital currencies, Coinbase has an advanced trading platform. It features a secure wallet and its own stablecoin pegged to the USD.
This exchange also has one of the simplest and easy to use interfaces that works well for beginners. It also has a variety of payment methods such as Secure Credit Card, Credit Card, Debit Card and Euro Bank Account. Coinbase provides a good service to beginners and advanced people.
Advantages
- Very easy user interface for beginners
- Supports a large number of cryptocurrencies
- Very high liquidity
- Support in over 100 countries worldwide
- Low account minimum
Disadvantages
- High fees
- Reports of account hacking
eToro
It is one of the largest and most famous exchanges that was established in 2007 in Israel. If you want to make it easy to buy or sell cryptocurrencies, eToro is definitely the best option. The exchange has more than 17 million active users and operates in more than 100 countries. Also, 15 cryptocurrencies, including bitcoin, can be trading at this exchange.
Advantages
- Having a long history in the market
- Easy user interface for beginners
- Website and mobile app for easy access
Disadvantages
- Supports a small number of cryptocurrencies
- $ 25 minimum to buy
Changelly
First of all, we must say that this exchange is one of the most popular trading platforms. The reason for its popularity is the use of crypto-to-crypto service. This exchange has 3 offices in different parts of the world and was established in 2015. One of the cryptocurrency exchanges that allow customers to purchase these digital currencies with credit/debit cards.
The simplicity of this exchange and its speed of operation has attracted a large audience, including beginners and professionals. This exchange provides the best crypto rates for its customers. You can also experience great security in this exchange with Swap crypto and transfer directly to an offline wallet.
Advantages
- Quick and easy to create an account
- Crypto-to-Crypto Swaps feature
- The most reputable trading platform
- A simple user interface for beginners
- Support for credit and debit cards
- Payment methods
- Supported crypto exchange in the USA
Disadvantages
- Limited payment options
Swan Bitcoin
This platform was created only for the purpose of simplifying trading for beginners. Using this platform, you can do automated trading after creating an account. You can also deposit your funds daily, weekly, etc. for at least US $ 10. Through this platform, novice users can automatically buy bitcoins and this trade acts as a savings account.
Advantages
- Simple and fast user interface
- Automatic purchase of bitcoins
- Support for bank transfers from American banks
- Auto DCA (Dollar Cost Averaging)
Disadvantages
- Limited to the United States only
- only ACH transfers
Bittrex
The exchange was established in 2014 and is now based in Seattle, Washington. This exchange was created with the aim of increasing the global awareness of cryptocurrencies. Bittrex has more than 50 years of security experience with companies such as Microsoft, Amazon, Qualys, and Blackberry.
You can buy cryptocurrencies such as bitcoins from this exchange using fiat currencies through your bank card. Bittrex exchange has a simple user interface. Beginners may be confused by a large number of cryptocurrencies when they enter the exchange. But as recommended, it is better to use popular digital currencies such as Bittrex for trading.
Advantages
- Friendly user interface
- Used for beginners
- Small fees
- Extreme security
Supports many cryptos and fiat currencies
Disadvantages
- Trading fees
In conclusion these exchanges are the best trading platforms for beginners. But you should know that the more knowledge you have in the field of cryptocurrencies and trading, the more successful you will be. So with these exchanges and using them, you can increase your knowledge about trading.
