What is the best Cryptocurrency exchanges for beginners?
Branden Investing or trading in Bitcoin or other cryptocurrencies can be intimidating at first. There is frequently news about scams and people losing money. While this is true, and many scams have happened and continue to happen, it has never been so simple to invest in cryptocurrency. So much has advanced in the last few years that have made crypto trading safe and easy.
The foremost concern when trading and purchasing Bitcoin, or other cryptocurrencies, is safety and security. Whether you intend to purchase and hold long term, want to trade frequently, are interested in anonymity or privacy, or simply want the ease of use, the following exchanges are the best for any use case you may have.
This list covers the best exchanges for certain types of traders as well as the best exchanges within each type of exchange. There are a number of ways to go about investing in Bitcoin or other cryptocurrencies. To learn more about how the different exchange types differ, please read on after the list of exchanges. Once you have decided on an exchange, it is important to also practice safe storage.
To exchange Bitcoin, visit: bitcoin to PayPal
Best Crypto Exchanges
1. Bisq:
The premise of Bitcoin itself is that it grants open and free access to a unit of account. Banking products, like a checking or savings account, are only accessible if you have a legally provable government-issued identification. With Bitcoin, this isn’t necessary. It can be accessed regardless of nationality or location and without any identification.
Pros
- Decentralized, non-KYC platform
- 26 different payment options, including Zelle
- Mobile app for both Android and iOS
2. Binance:
The Binance exchange is an exchange founded in 2017 with a strong focus on altcoin trading. Binance offers nearly 600 different trading pairs between different cryptocurrencies. It does offer some fiat/crypto pairs, but most of its pairs are between cryptocurrencies.
Pros
- Lower fees than other commonly used exchanges
- Large variety of cryptocurrencies and trading pairs
- More advanced charting
3. Cash App:
Cash App is a peer-to-peer money transfer system much like Venmo. This type of service allows users to split food, pay rent to a roommate, or even shop online at a retailer that supports Cash App. Cash App can essentially act as a bank account and users can have their own Cash App debit cards. This service is very convenient by itself, but Cash App has even more features.
Pros
- Peer-to-peer money transfer like Venmo or Zelle
- Ability to withdraw Bitcoin
- Extremely simple user interface that is great for beginners
4. Coinbase and Coinbase Pro:
The most widely known and used cryptocurrency exchange in the United States is Coinbase. Coinbase was founded in 2012, not very long after the release of Bitcoin’s code in 2009, and is a fully regulated and licensed cryptocurrency exchange. Coinbase currently has licenses to operate in over 40 U.S. states and territories.
Pros
- Solid variety of altcoin choices
- Extremely simple user interface
- Very high liquidity