As a beginner in cryptocurrency investment and trading, you need an easy to use trading platform that does not bother you with complicated settings initially. Moreover, as a beginner, you should focus on learning the basics such as interpreting chart patterns, understanding the concept of risk management and keeping records of your trades.
The best way for a to start trading bitcoin is to start with a regulated platform with a simple user interface designed for beginners as well as season traders. The best crypto trading platforms are newbie-friendly and ensure users enjoy their trading experience. A platform is considered beginner-friendly if it has certain features that enable new traders to create an account and start trading without any hassle.
Some of the features that a newbie-friendly trading platform must have included an easy to use interface, an official website where all the information regarding the platform can be accessed, crypto wallet, a demo account to practice and familiarize newbies with trading, and a reliable customer support system.
Top 7 crypto exchanges and trading platforms
Coinbase is one of the most popular crypto exchange platforms in the world right now. The exchange is designed to accommodate the needs of new traders with a simple interface that is simple to navigate. The platform provides a variety of cryptocurrencies to trade and the process to buy and sell is pretty straightforward.
Our second choice is Bitcoin Loophole. Bitcoin Loophole is an advanced cryptocurrency trading application supported by computerized algorithms to make profitable trading decisions on behalf of the trader. The platform has a simple newbie-amiable interface, a demo account and a reliable customer service team. Bitcoin Loophole allows both experienced and new traders to trade crypto CFDs without having to own the cryptocurrencies permanently.
FXOpen allows both forex and cryptocurrency trading. The crypto trading platform is friendly to new traders and professionals alike. The platform supports more than 50 40 crypto CFDs including Bitcoin, Ethereum, and Ripple. There is a demo account where traders can practice their strategies before shifting to live to trade.
The platform has increasingly grown in popularity among traders due to its features. Bittrex is suitable for all types of traders due to its easy to navigate user interface. The exchange is also well-known for its robust security and speed. However, some users have raised complaints about the quality of customer support, and Bittrex should be looking to address the issue.
The best thing about trading with GDAX is the low fees charged. The platform switched its name from Coinbase PRO back in 2019. GDAX supports a variety of cryptocurrencies including BTC, ETH, LTC, XRP and XLM. GDAX users enjoy an interactive,…