What Is The Best Crypto Exchange For Beginners?
If you recently searched for “What Is The Best Crypto Exchange For Beginners?” then you should know that as new coins continue to spring up, so does the number of crypto exchanges. Despite the risk and fluctuations, the crypto market is growing exceedingly, and everybody wants to benefit from its wealth.
So, what is the best crypto exchange for beginners?
Actually, there are no particular bodies that evaluate that, so finding answers to such a question can be somewhat tasking. Exchanges that are best for beginners should be beginner-friendly, have low fees, good services, and low minimum deposits.
Trustworthiness and security are key too, as most beginners will quit if they experience a lack of either in their first attempt to join the market. In this article, we will be looking at the best crypto exchange for beginners.
The Best Crypto Exchanges For Beginners
After thorough comparisons and research, here are our top 3 picks for a nice beginner experience.
Coinbase is one of the biggest crypto exchanges by volume and trust and is first on our list of the best crypto exchanges for beginners. The US-based exchange caters well to both beginners and experts. Good guidance and an easy interface, good customer support, great rates, low charges, transparency, security, and accessibility. It ticks all the boxes.
As a beginner, you will really have it easy if you start with Coinbase. You don’t even need first-hand knowledge. The platform has provisions to guide you on crypto information and how to trade it. It also allows over 200 cryptos—a lot of alternatives to choose from.
Kraken is a leading crypto exchange and one of the oldest and has most of the crypto with the best use cases. It is second on our list of the best crypto exchanges for beginners. Founded the same year Bitcoin started, it sure has experience in the cryptosphere. Newbies are provided with a guide to help them learn about crypto, which includes posts, videos, and podcasts on crypto and how to trade on the platform.
Most of its features are also made in such a way that it will be easy for anyone to operate freely and securely. With over 180 tradeable cryptos, a nice user interface, strong security, low service charges, profitable rates, and enough guidance information. It would be okay to say that Kraken is actually a good choice for any newbie in crypto.
Crypto.com is last on our list. Crypto.com is focused on offering exchange services to customers at extremely low fees. It currently accepts over 250 cryptocurrencies, has good customer support, expert guidance, safe and secure security measures, and many more.
Due to the risk of hackers, it has doubled down on its security operations to make it a safe space for crypto trading and asset storage. It also provides detailed information for beginners to have a grasp of knowledge about crypto as well as trading them on the platform.
There are other platforms we could mention like Binance which is the mother platform for several wallets, especially Trust Wallet, but we didn’t. This is because despite the fact that Binance is one of the biggest and best platforms it isn’t beginner-friendly.
You might wrongly send your Bitcoin to another address if you are not well informed. However, Binance has informational resources to help you do this.
Still, we don’t recommend the platform for beginners; this is why we excluded it from our list. But if you think you can handle the extra features, then go ahead with Binance. You should try its Trust Wallet features while at it.
In this list of the best cryptocurrency exchanges for beginners, there are a lot of factors that we considered before making our picks. Some of these include:
- Service fees
- Tradeable cryptocurrencies
- Security of assets
- Promotional offers
Knowing what is the best crypto exchange for beginners can sometimes be difficult. This is because there are even many exchanges that have nice offers but are perhaps not too popular yet. Anything online is scary; some platforms are sweet talkers and often leave newbies in the dust.
This is why we focused on ones that already earned their reputation and performed some comparisons. You can make your choice from any of them. Test them and see which one works for you.