Best Cryptocurrency Exchange for Beginner:
With over 1000 cryptocurrency exchanges available worldwide it’s sometimes confusing to decide on where to begin. We’re going to give you the top 3 picks for the best cryptocurrency exchanges. Choosing an exchange is not an easy task: there are a lot of factors to take into consideration. Whether the exchange can operate in your country, payment methods, fees, verification requirements, and of course the selection of coins available are just a few of the factors to consider when making your decision.
The first thing to consider is your geographical location restrictions. Crypto acquisition has become more regulated as time has gone by, which means exchanges had to adapt to regulation. Depending on your location, you will not only have access to different exchanges but also to the services they provide. For example, certain payment methods like PayPal or bank transfers might be available for one country but not for another, which is something you have to know to acquire crypto.
What Is The Best Cryptocurrency Exchange For Beginners?
There are objective ways to evaluate the general trust in the exchange beforehand. As you are probably a beginner, I can recommend you to use CoinGecko’s Trust Score. CoinGecko ranks exchanges based on objective criteria, like trading volume, web traffic, and many coins that are supported, and trading pairs available. So the ranking might be a good place to start. Binance is one of the best Cryptocurrency Exchange For Beginners.
The best overall exchange for non-US residents would have to be Binance. It is a global exchange, and while recently founded in 2017, it quickly became one of the leading cryptocurrency exchanges around. Binance supports over 200 coins and offers many different financial services which are why we consider it a great place for beginners and seasoned traders alike. Whether you’re looking for an advanced trading platform, a simple purchase of cryptocurrency with a credit card, or other cutting-edge features like savings accounts, a crypto debit card, or futures trading, Binance has it all.
Finally, if you require the fastest option to buy a cryptocurrency and don’t have the time for long identity verification processes, then we think that Coinmama is the exchange for you.