As a new crypto trader, if you have a list of Bitcoin exchanges, it can be easier and more convenient for you to find a platform that suits your needs and is according to your trading requirements. As a first-time trader, you need to be clear about your requirements and the kind of services you should be looking for. If you have a set precedent or have a checklist of things, you can narrow down your options based on your criteria and eventually find the exchange that ticks all the right boxes for you.
The services and features offered by the Bitcoin exchange sites are likely to be the same, except the quality of services can vary greatly. For instance, the fee structure of an exchange might be better and more transparent than that of another.
Details such as these can facilitate the whole experience of finding a crypto exchange and buying or trading cryptocurrencies. Therefore, if you are new to the crypto space and want to find a suitable trading platform then here are a few options you should know about.
One of the exchanges you should know about as a beginner is the FTX exchange. This is considerably newer than other platforms but has made quite the mark in the crypto space. This is a Bitcoin derivatives exchange that has been designed to cater to the needs of both beginners and experts.
Its user interface and versatility puts it at the top of every crypto trader’s list. The user-friendliness of the exchange is one of the best features of FTX because it is one of the factors beginners look for. There are some crypto exchanges that have a complex interface and hence are not so easy to navigate or use for people who are inexperienced.
FTX is one of the top Bitcoin exchanges that makes sure every party interested in trading crypto has a secure and good experience. It is one of the best exchanges in terms of security as well as it makes use of advanced security systems and identification processes such as KYC (know your customer).
Even though KYC adds to the security of the exchange it does prevent people to say anonymous and trade or invest in crypto. However, if the rest of the features of FTX suit your needs, this can be a suitable platform for you to opt for.
In the list of Bitcoin exchanges, PrimeXBT is one of the topmost options you should not overlook, especially if you are a new crypto trader. This exchange was established in 2018 but it has since then grown to become one of the best trading platforms for both novice traders and professionals.
It is as good as major crypto platforms such as Bybit and stands out furthermore, thanks to its support extended for leverage trading. By using PrimeXBT, you can trade Bitcoin and a few altcoins with up to 100x leverage.
It is an outstanding Bitcoin stock exchange for beginners due to its low and transparent fee structure and its Covesting feature. This feature enables the crypto traders to copy the trades of experts. It makes crypto trading easy for beginners as well as for people who want to trade while on the go and without constantly monitoring the markets.
Phemex is yet another major trading platform in the list of Bitcoin exchanges beginners can use for trading crypto. This platform is not only suitable for new and experienced traders but it also uses leading-edge technologies that make it usable and suitable for institution-level traders as well.
This makes it one of the most advanced Bitcoin derivatives exchanges that certainly stands out in this list of Bitcoin exchange sites.
The Phemex exchange grabbed the attention of every kind of crypto trader since its establishment. This is why this trading platform now has support from a vast audience and has seen exceptional growth and recognition.
Phemex is also one of the top Bitcoin exchanges, thanks to its transparent and suitable fee structure, different types of pricing and bonuses new users can avail while signing up.
Therefore, if you are new to the crypto space and this exchange matches your criteria and needs then you should opt for Phemex and start trading.
How can you identify the best platform from a list of Bitcoin exchanges? The best way to do so is to make sure you know your options and then match the features of the options with your trading requirements and criteria. If they match what you are looking for you can consider choosing the platform and start trading crypto.