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Top Beginner-Friendly Crypto Exchanges Reviewed
In the crypto industry, selecting the best crypto platform for beginners can make all the difference with their user-friendly and secure interface. These exchanges simplify the overall trading process, provide clear guidance, and often come with low fees to make entry in the crypto both smooth and cost-effective. Let’s learn more about the top eight exchanges that can help beginners to start confidently trading in 2024:
1. eToro: Best Crypto Exchange for Beginners with Support of over 3,000 assets
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Get started with eToro
Undoubtedly, eToro is one of the largest and best cryptocurrency exchanges for beginners worldwide, with numerous free plans. eToro excels with its user-friendly interface and an excellent mobile app, making the exchange ideal for novice traders.
As one of the best cryptocurrency exchanges for beginners, it offers more than 3,000 currencies to trade. eToro is a multi-asset crypto exchange that is constantly expanding its market offerings. You may begin investing with a $50 US minimum deposit with personal accounts.
eToro’s robust social commerce platform fosters interpersonal connections by facilitating two-way conversations. Customers now have the chance to use social media as an effective customer care channel where issues may be resolved.
Key Features
- Social trading feature for beginners to copy trades from experienced traders.
- User-friendly interface with robust educational resources.
eToro Specs
Supported Crypto | 21, including the prominent ones like $BTC, $ADA, $ETH, etc. |
Swap Available | Yes |
Customer Support | Live Chat |
Pros and Cons
- Free trading of stocks and ETFs
- Simple creation of an account
- Social commerce
- $5 withdrawal charge
- The US dollar is the sole base currency.
- Customer service could be better.
Get started with eToro
2. Bitget: Top Crypto Platform for Beginners with 700 Crypto Pairs
5
Get started with Bitget
Bitget provides a number of features that are beneficial for novice traders. Among other things, novices can learn the craft by imitating more experienced traders. The platform facilitates more than 600 cryptocurrency tokens and close to 700 trading pairs. Bitget unveiled USDT-margined futures, an approachable choice for novices in futures trading. It is not necessary to hold the underlying coin in order to take long or short positions, unlike Coin-margined futures.
Bitget Earn, a feature-rich asset management platform, is available on the exchange. It is intended to provide premium financial products that are secure and have high yields. Depending on their risk tolerance, users can choose products, subscribe to them, earn interest, and redeem their profits. At the time of subscription, money is taken out of the spot account, and following a two-day processing period, interest is paid every day.
Key Features
- Effective demo trading account for risk-free learning.
- User-friendly platform with minimal fee charges.
Bitget Specs
Supported Crypto | Nearly 550 |
Swap Available | Yes |
Customer Support | Live chat, FAQs, Email, Socials |
Pros and Cons
- No withdrawal fees are taken by the platform.
- More than 550 cryptocurrencies as well as a wide range of other digital assets are supported.
- Bitget prioritizes customer satisfaction and security.
- It has a committed customer service team that is on call around-the-clock.
- Low-cap coins are not as widely available.
- It is not accessible in all countries.
Get started with Bitget
3. StormGain: Equipped with the best crypto app for beginners
4.5
Get started with Stormgain
A feature-rich mobile application for iOS and Android smartphones is provided by StormGain as one of the best cryptocurrency exchanges for beginners. This app lets users do all their trading operations while on the road. The app is a one-stop cryptocurrency service since it saves users time and money.
With StormGain as an option for being the easiest crypto exchange, users can easily purchase cryptocurrency right on the app. To make the transaction easier, they may interact with reliable partners effortlessly and utilize credit and debit cards with ease. StormGain has all the necessary features to be the best crypto exchange for beginners.
Key Features
- Low trading fees with integrated crypto wallet.
- Easy to use mobile app with educational tools for beginners.
StormGain Specs
Supported Crypto | $BTC, $BCH, $ETH, $XRP, $LTC, and $USDT |
Swap Available | Yes |
Customer Support | Email, Telegram, Live chat |
Pros and Cons
- Lots of cryptocurrencies are supported
- Provides users with a crypto wallet
- Highly secure
- Passive income for deposit and mining
- No trading commissions for users of the Bitcoin exchange
- Fees only on profitable trades
- No fiat currency support on crypto exchange
Get started with Stormgain
4. Binance: Leading Crypto Exchange for Beginners with Easy Swapping
4.5
Binance will take fourth place on the list of the best cryptocurrency exchanges for beginners by offering a list of positive features for exchanging and trading.
For those who are just starting out, Binance is positioned as the best crypto exchange for beginners. The exchange provides an easy-to-use trading interface that even a novice can quickly pick up.
There’s a great education center for beginners with lots of resources. Meanwhile, Binance provides an excellent trading mode on the Binance app called Binance Lite, which is customized to be the most accessible crypto exchange for newcomers. Binance Lite streamlines the process of purchasing cryptocurrency. Lite mode provides a simplified user interface emphasizing speed, ease of use, and simplicity as an optimal crypto exchange for beginners.
Key Features
- Supports trading in over 500 cryptocurrencies with low fees.
- Strong security measures including two-factor authentication.
Binance Specs
Supported Crypto | 500+ |
Swap Available | Yes |
Customer Support | Live chat, Socials |
Pros and Cons
- Lots of available cryptocurrencies to trade
- Abundant choices of tables, data, trading indicators, and payment methods
- Quick transfer of currency
- Slow customer support
- Limited country availability
5. OKX: Best Crypto Platform for Beginners with Low Fees and High Rewards
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OKX is also a good choice among the best cryptocurrency exchanges for beginners to trade because of its beginner-friendly features, which include copy trading with fully funded sample accounts.
Building an effective, transparent, and lucrative trading tool for OKX traders is the goal of OKX Copy Trading. Copy and lead traders may easily explore new avenues for generating income, increasing visibility, and interacting with the larger trading community because of the low minimum trading limit.
OKX is a viable option for cryptocurrency enthusiasts who want to trade with low fees of their crypto exchange for beginners. You can quickly purchase cryptocurrency with a card, bank account, or mobile wallet if you have an OKX account.
Additionally, it occasionally provides incredibly high rewards for those who participate in staking or saving features on the best crypto exchange for beginners.
Key Features
- Extensive tutorials and resources for new traders.
- User-friendly app with advanced trading tools.
OKX Specs
Supported Crypto | 350+, including major tokens like $BTC, $ETH, $OKB, $AAVE, $SOL, $MATIC, $XRP, $DOGE, $SHIB, and $DOT. |
Swap Available | Yes |
Customer Support | Live chat, Socials |
Pros and Cons
- Low fees
- High liquidity
- Fiat currency payment methods are available
- Complicated fee structure
- Limited customer support
- There aren't many options for payment
6. Coinbase: Best Crypto Trading Platform for Beginners With Easy-To-Use Interface
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Users ofthe Coinbase platform may buy cryptocurrencies in US dollars because of its comparatively straightforward user interface. Coinbase offers a user-friendly learning platform for beginners to learn about Bitcoin and trading and introduces itself as the best crypto platform for beginners.
Coinbase is the best cryptocurrency exchanges for beginners because it lets consumers take their cryptocurrencies out as soon as they buy them with fiat money.
For instance, whether you are an experienced trader or a novice interested in investing in Bitcoin, the platform is a suitable fit.
For beginner traders, Coinbase provides a low $2 minimum first deposit in your local currency and a plethora of learning resources to assist you in getting started.
One of the lowest commission plans available in the market is provided by Coinbase. Additionally, you may trade all of the most well-known cryptocurrencies—more than 150 in total.
Key Features
- Highly secure platform with insurance for digital assets.
- Simple and intuitive interface for buying and selling cryptocurrencies.
Coinbase Specs
Supported Crypto | 248 |
Swap Available | Yes |
Customer Support | Live chat, Email, Socials, Phone |
Pros and Cons
- Provides access to over 200 different cryptocurrencies.
- Swift withdrawals from cryptocurrency.
- Just $2 is needed to fund the account and start trading
- High fee
7. KuCoin: Intuitive Trading Interface That Even The Experts Love To Use
4.4
Due to its well-known user-friendly design, KuCoin is the best crypto platform for beginners. Its platform makes buying, selling, and trading cryptocurrencies simple for customers and provides an intuitive experience. KuCoin gives customers plenty of trading options by supporting a large variety of cryptocurrencies, including several altcoins and tokens.
It also provides referral and bonus programs to encourage trading and draw in new members. Though it might not have as many sophisticated trading tools as some other exchanges, security worries brought on by previous occurrences can discourage some customers from using the site.
Key Features
- Wide support of cryptocurrencies with beginner-friendly tools.
- Easy fiat to crypto conversions and competitive trading fees.
KuCoin Specs
Supported Crypto | Around 700, including $BTC, $ETH, $USDT, $BNB, $ADA, $XRP, $USDC, $DOGE, $DOT, $UNI and more. |
Swap Available | Yes |
Customer Support | Live chat, Email, Socials |
Pros and Cons
- Supports a lot of cryptocurrencies
- Spot and Futures trading
- Not regulated in a lot of countries
8. Coinmama: An Excellent Crypto Exchange That Focuses On User Safety
4.2
Primarily for novices, Coinmama provides an easy and fast method for customers to purchase cryptocurrency with a credit card or bank transfer. It is the best crypto platform for beginners who want to pay with local cards. Because of the platform’s user-friendly layout, even inexperienced traders may easily explore and complete deals.
Coinmama gives consumers plenty of alternatives by supporting a large variety of cryptocurrencies, including well-known ones like Ethereum and Bitcoin. But in contrast to some other exchanges, its costs can be greater, and it might not have all the sophisticated trading tools that seasoned traders need.
If you’re focus is on safety, check out the safest crypto exchanges you can trade on.
Key Features
- Direct purchases with credit cards and excellent customer support.
- Simple platform for beginners to understand the crypto processes.
Coinmama Specs
Supported Crypto | 100+ |
Swap Available | Yes |
Customer Support | Email, Socials |
Pros and Cons
- It is a 10 year experience exchange
- As one of the best crypto exchange for beginners, it is regulated in different regions
- Only 16 cryptocurrencies supported
Which is the best crypto exchange for beginners to start trading?
Coinbase stands out as the best crypto platform for beginners due to its user-friendly interface and simplicity in accessing the features. The platform generally supports a wide range of popular digital currencies and provides good quality educational resources, including tutorials and market analysis. Additionally, Coinbase offers a high level of security with insurance for digital assets, making it a trustworthy choice for new traders who are worried about entering in the volatile crypto market.
Another excellent option for beginners can be eToro. This platform is renowned for its unique social trading feature, which allows users to follow and copy the trades of experienced traders. eToro also offers a simple, easy to use interface, and extensive educational content, making it easier for beginners to start. Moreover, with eToro’s demo account feature, new traders can practice trading without risking real money, helping them to build confidence and develop their trading strategies before venturing into actual trading.
Factors to consider while choosing a Crypto Exchange for beginners
Here are the most important features of top crypto exchanges that you must take care of in your search for the crypto exchange for beginners.
Good Trading Interface
As a beginner, you need more information about trading platforms, and a simple interface will make it easier. You need to choose a crypto exchange that has a simple and user-friendly application.
Good Mobile App
Most users are not in front of a computer at all times. The easiest crypto exchange for beginners is the one that allows them to trade wherever they wish. Therefore, you must choose a crypto exchange for beginners with a powerful and simple mobile app to connect with your trading platform from anywhere.
Support
You may face many questions about the different features when using a new cryptocurrency exchange. A good cryptocurrency exchange for beginners is one that has an excellent support system to guide its users.
Accessibility of the Crypto Platform for Beginners
Accessibility is a key factor that consumers should consider when selecting a cryptocurrency exchange since some may be easier to use than others. Some exchanges even have a lighter version of their interface geared towards beginners.
Analytics Tools
Crypto exchanges should include specialized analytics tools that let beginners decide on different trading possibilities based on data. It will enable them to increase their earnings by making smarter investment decisions in real-time.
Stepping Up to Professional Cryptocurrency Exchanges
Exchanges such as OKX, Stormgain and Binance are ideal for both beginners and experienced traders who want to trade on the easiest crypto exchange. You can do so seamlessly once you’re ready to make the switch. To increase profits, they offer advanced trading interfaces for professional traders and other products such as leverage and futures.
We recommend trying out various cryptocurrency exchanges choosing the best crypto exchange that works well for you, once you’re a power user and understand the basics. Choose the one that suits you the best and serves your needs. You can check the list of best crypto exchanges for beginners that we provided in this article.
Conclusion
Platforms like Coinbase and eToro serve all the features on their platforms for beginners, offering easy interfaces and robust educational tools to simplify the trading process. The selection of best crypto platforms for beginners becomes easier for the newcomers if they are clear with their needs and requirements. As each of these platforms balances security, usability, and educational resources, making them excellent choices for new traders. By carefully choosing a platform that aligns with your trading needs, it can confidently help you in the overall trading journey in 2024 with high returns of profits.