Whether you are a beginner cryptocurrency investor or have spent years trading and investing, choosing the right crypto exchange is crucial. Find out about best US crypto exchange for beginners in this article.
However, with hundreds of platforms offering features and convenience levels, choosing which is the best US crypto exchange for beginners is difficult.
To make the right choice, you must judge a cryptocurrency exchange platform by its interface, available materials for education, security features, and a lot more. In this article, we have helped you identify the right cryptocurrency platform for investment.
4 Best US Crypto Exchanges for Beginners
Learn about the some of the best US Crypto exchanges for beginners as we will be sharing you all the details. Here are the top crypto exchange platforms for beginners –
Coinbase
Supported Crypto: 240
Founding Year: 2012
Even after years, the best US crypto exchange for beginners still remains to be Coinbase. The exchange platform was founded back in 2012, and they were working on those things.
It has grown to become one of the best platforms for buying, holding, selling, and trading cryptocurrencies. It has features unique and useful for cryptocurrency enthusiasts, hardcore traders, and investors.
Coinbase has always boasted of having a great user interface, which makes activities searching crypto, trading, and investing easier for beginners. One can easily invest in these cryptocurrencies without being worried by the navigation hurdles. It offers trading Bitcoin and a hundred other popular altcoins.
Gemini
Supported Crypto: 70+
Founding Year: 2014
If you are looking for the best US crypto exchange for beginners, you can go for Coinbase. But is that it? Gemini is a US-based exchange platform and is one of the best in the industry.
While it offers convenience to beginners, this tool is good for advanced traders as well.
The founders, Cameron and Tyler Winklevoss, have been trying to make the platform appear more innovative, secure-driven, and simple to use since its inception. They have been implementing innovative security practices, compliances, and different security measures since day one.
A good thing about this tool is that it has both SOC 1 Type 2 and SOC 2 Type certificates. It operates as a fully reserved exchange. In fact, it’s one of the few cryptocurrency exchanges that are available across 50 states and in 70 countries.
An advanced level of charting tools and high-speed trading qualities characterize it. Also, beginners joining the platform are offering Bitcoin worth $15.
Bitget
Supported Crypto: 550+
Founding Year: 2018
Bitget is one of the best US crypto exchanges for beginners. It is a popular choice if you want to do copy trading of cryptocurrency instead of dealing with the real crypto at first. Beginners can learn to replicate the strategies for trading implemented by experienced traders.
So, if you are a beginner and want to learn to trade cryptocurrency, then this is the best platform for learning without investing your assets. On top of the copy trading feature, this cryptocurrency exchange has intuitive navigation features.
So, if you want to use a cryptocurrency exchange to learn trading without spending money, it’s the best exchange platform to invest in.
Binance
Supported Crypto: 600+
Founding Year: 2017
Whether you are a beginner investor or someone trading cryptocurrencies for a long time, Binance is a great tool. Binance is an exchange platform that caters to beginners and experienced trades at once.
On top of diverse types of cryptocurrencies for buying, selling, and trading, it also has valuable resources for training and more. In addition, it is the best platform with strong security protocols, two-factor authentication, and also SAFU. It provides you with peace of mind regarding your asset security on the platform.
Also, it has a liter version called Binance Lite. Binance Lite is a good option for beginners. Also, like all the other exchange platforms, this tool has its own mobile application.
There are different ways of choosing cryptocurrencies like Binance.
Choosing a Crypto Exchange for Beginners
When choosing a crypto exchange as a beginner trader, it’s best to look for options that come with different features like ease of use, security, and other available resources. Also, the right platform has customer services tailored for specific levels of traders.
Also, when choosing the platform for beginners, it’s best to go through different traders’ communities and read testimonials. Do most beginner traders really focus on the right exchange for beginners?
Ensure that the platform has robust security features catering to the needs of the investors who are learning to trade cryptocurrencies.
Here are the necessary parameters you must consider when buying.
Security
When exchanging cryptocurrency, privacy is the top priority of any cryptocurrency trader. The most secure trading platforms have one thing in common, and that’s two-factor authentication.
Ensure that the platform you are using has cold storage for storing your cryptocurrency funding and encryption protocols. Also, some exchanges offer insurance policies to keep your assets protected against breaches or losses. Make sure to invest in a cryptocurrency exchange that offers you robust security features while also helping you learn to trade.
Accessibility
The next parameter to track when choosing the right cryptocurrency exchange platform is its accessibility. It offers ease of use and regional availability. Also, the cryptocurrency exchange platform needs to be easy to navigate. In addition, check if your cryptocurrency supports local currencies. When a platform supports your country’s currency and is easy to use, it makes a lot more sense for beginners to get familiar with it.
Liquidity of Assets
There’s no point in investing in a platform that makes liquidating your assets difficult. You don’t want to wait too long for your cryptocurrencies to convert into regular currency.
The best platforms always have a high liquidity feature and don’t incur a high amount of fees when liquidating any of your cryptocurrency assets. You can make your transactions quicker without spending much money on the process.
Customer Support
Whether you are a seasoned trader or someone new to the crypto world, you need to invest in a platform that has a robust customer support team. Most good exchange platforms support customer service through phone calls, live chat, and emails.
Make sure to choose an exchange platform with reliable customer services. This way, you’ll always have a way out if you find something isn’t working on the platform or your payment gets stuck in the middle of a transaction.
Trading Fees
Every cryptocurrency exchange platform charges their users a specific amount in fees. There are different types of fees like maker-taker fees, deposit-fees, withdrawal fees, etc. Lower fees can also enhance your returns as a cryptocurrency trader. So, you can go for the platforms that charge the least amount in fees. On the other hand, you can consider a platform based on the transparency of their fee structures.
Reputation
When choosing a cryptocurrency platform to invest or trade in cryptocurrencies, try to look for more popular options among traders. Reputed exchanges are always known for their trust-building features.
Conclusion
When looking for platforms that are easier to invest in, always consider the parameters discussed above. Make sure to choose platforms that provide the best ease of use, reliability, good customer service, and a list of available resources.
You can choose from any 4 crypto exchange platforms if you are a beginner. Let us know if you have any queries about the same in the comment section. Thank you for reading.
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