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Life-altering Essential Cryptocurrency Trading Websites for Beginners

Every day more people are paying attention to the idea of being a part of the crypto area, apprehending the benefits it’s bringing to the society. Some enjoy being a member on this sphere for the technology part, while some on the other hand, like to be a part of the cryptoland because great money are involved and expected to be earned.

In every sphere of life when you get involved on something new, you must always remember that you are considered as a beginner even though you expect faster results on a respective field. As you make a fresh start, with the reliable sources, school education, or most importantly self-education, you – as a new individual on a specific area – will succeed.

Along with these lines, Ethereumworldnews.com wants to give you the first hand, also is and wants be your one-stop solution for all crypto-related misunderstandings if you are just at the first steps of entering the dynamic journey in the cryptosphere and likewise guidance you to become a professional at cryptocurrency industry.

Ethereumworldnews.com has been here for over a year and we acquired to reach more than 3 million people like you – the ones that desire to be experts on the crypto area. Consequently, I am here again today to help you obtain extended knowledge, and tell you some of the best crypto trading website/exchanges for beginners.

Read also: The Top Cryptocurrency Trading Tools You Must Try

Even though I was a complete novice when I started, it was pretty clear to me what I wanted before choosing which cryptocurrency trading website/exchange I have to use. Some of them were:

  • Ease of usage and UI
  • Security of funds
  • Past performance
  • Development team
  • Geographical Operations Map

Currently, the ones mentioned above still seem to be applicable on the same way.

Considering this guideline, I will show you some of the best websites to buy and trade your cryptocurrencies.

5 Best Crypto-Trading Websites for Beginners:

1. Binance

binance exchange

One of the trading-websites that has been ruling the crypto industry for many months now, is Binance.

This exchange fits well with the new members entering the journey of crypto market. The company has reached to gain a lot of popularity due to its low trading fees. They have an inbuilt option in their UI to switch between the two modes, a feature that makes their UI very easily approachable.

Furthermore, you will never have problems with situations of market fluidity while using Binance because it persistently ranks in top 5 exchanges on CMC by volume.

Additionally, if you choose to use their native BNB tokens while trading, you will be offered with a discount up to 50% in your trading fees, which is considered as a big amount if you are aiming to be a regular crypto trader. If you start as early as possible via BNB, the more benefits of saving you will receive. (Buy BNB Tokens Here)

Also another advantage is that they have the most advanced, easily accessible and usable mobile apps for trading cryptocurrencies on Android as well as iOS.

  • If you choose to trade on Binance:
  • Fees: 0.1% (claim up to 50% discount)
  • Accessible Globally

Use Binance Now

2. KuCoin

kucoin exchange

Second best place on crypto-trading website takes KuCoin. For the last 6 months it has been receiving a lot of transactions and traders seem to be very satisfied with its method. They are serving the industry with the superior customer service and a good enough UI/UX.

It ranks in top 25 exchanges on CMC and one of its main benefit for costumers KuCoin Shares is good to HODL because it uses and exchange that  follows a profit-sharing system and distributes 50% of their daily overall trading fee revenue to users holding their exchange-based token, KuCoin Shares (KCS).

KuCoin is one of the rare exchanges that pays you NeoGAS for holding NEO on it.

  • Start Trading on Kucoin
  • Fees: 0.1%
  • Accessible Globally

3. Changelly

changelly

Without mistrust, Changelly is considered as one of the easiest to use cryptocurrency exchanges in the market. The procedure is very simple, you can easily send one currency and substitute it of another supported currency.

Changelly requires you to sign-in with your email ID, but delightedly it does not require you to go through the monotonous KYC process.

Via Changelly it’s easy to use exchanges if you are interested on buying cryptocurrencies through debit/credit cards. Currently, it supports more than 35 cryptocurrencies along with fiat pairs such as USD/EUR.

To conclude with, Changelly charges a commission fee of 0.5% on each trade, which is minimal in exchange for the volatility and risk that they bear on behalf of their users.

Start Using Changelly Now

4. Coinbase

Coinbase

Another well-known Bitcoin and cryptocurrency exchange is Coinbase, that is mostly used for buying/selling cryptos like Bitcoin, Bitcoin Cash, Ethereum, and Litecoin.

You can deposit your fiat currency (USD, EUR, GBP etc) into Coinbase and easily gather your cryptocurrencies that you can later withdraw in a Ledger Nano S or Trezor-like device.

A bonus that Coinbase offers you is that it allows you to buy cryptocurrencies via credit/debit cards. I will reveal you some simple steps on how you can buy cryptocurrencies on Coinbase:

  • Register at Coinbase.
  • Complete photo ID verification.
  • Go to the payment methods page
  • Click on +Add Payment Method on the right-hand side.
  • Choose Card and add the credit/debit card.
  • Accept and allow Coinbase to make two small transactions.
  • Coinbase will make two very small test transactions between 1.01 and 1.99 in your local currency. Log in to your card statement account and note the amount of those transactions.
  • Enter the amounts transacted in the Coinbase app.

Start Using Coinbase Now

5. CEX.io

cex.io buy

Another easy reachable website for buying/selling cryptocurrencies is CEX.io, mainly because their UI is effortless and uncomplicated and also their past track record is brilliant.

CEX (linkun) is a Uk based exchange and it has been on serve for 5 years now.

Just as Coinbase you can deposit fiat currencies like EUR, GBP, USD, RUB etc on CEX to buy/sell cryptocurrencies like Bitcoin, Bitcoin Cash, Ethereum, Stellar, and Ripple.

Also it should be mentioned and remembered that their main traffic is from fiat currencies (They are in top 35 cryptocurrency exchange as per CMC), so when speaking in terms of liquidity, they don’t seem to have any problems).

Their beneficial element of letting traders buy cryptocurrencies via debit/credit card also makes it easily approachable for beginners.

You can buy cryptocurrencies by following these simple steps (taken an example of Ethereum):

  • Register at CEX.
  • Go to Cards.
  • Configure your credit/debit card.
  • Verify your credit/debit card.
  • Select the amount of Ethereum to buy/sell.
  • Exchange your currency for Ethereum.

The card verification takes 24-48 hours, but post that, you can buy ETH instantly. Consequently we always notify users to keep your card configured in CEX even if your plans don’t consist of buying ETH immediately.

Here is a video guide to help you on how to link a credit/debit card on CEX.IO:

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Additionally, just as some other trading-websites Coinbase have also mobile apps for both Android and IOS versions.

Now it’s your turn to tell us: Which one of these exchanges do you like the best? Let me hear your thoughts in the comments below!

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UK: Coinbase, CEX.IO & Other Major Crypto Firms Create First Self-Regulating Trade Body

Seven of the largest cryptocurrency companies globally have joined forces to form CryptoUK,  a first of its kind trade association, whose goal is to self-regulate within the UK crypto industry, The Telegraph reported Tuesday, Feb. 13.

CryptoUK is made up of global cryptocurrency trading platforms and services Coinbase, eToro, CryptoCompare, CEX.IO, BlockEx, CoinShares, and CommerceBlock, as noted on the official website of the organization.

Zeeshan Feroz, CEO of Coinbase UK, commented: “The fundamentals are engaging as a single industry with the government. Regulation is imminent and that’s a good thing.”

CryptoUK intends to work with the UK government to follow a code of conduct that will help prevent money laundering and other illegal activities involving Bitcoin and other cryptocurrencies, as well as better protect customers. However, the group will not deal with regulating Initial Coin Offerings (ICOs), an area of the crypto industry that has received criticism from regulatory bodies globally.   

CryptoUK chairman and managing director of eToro Iqbal Gandham, stated that the new self-regulating body is aiming “to promote best practice and to work with government and regulators,” adding that the company can become “the blueprint for what a future regulatory framework will look like.”

Last week, the head of the US Commodity Futures Trading Commission, Brian Quintenz, suggested that the cryptocurrency community should create its own regulatory system or self-regulatory organization (SRO) in order to avoid a “sterner government hand”.

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CEX.IO Adds Stellar Lumens (XLM) as a new Option for Trading

Stellar Lumens, unique digital assets, make their way to easier accessibility with the launch of XLM trading on a London-based cryptocurrency exchange CEX.IO. From now on, the users of CEX.IO are able to trade Lumens at a favorable rate and with a preferred currency, which is USD, EUR and BTC so far. The platform also allows depositing and withdrawing XLM to the user accounts. Due to specific features of the Stellar network, the users are to indicate their memo ID for the XLM transactions to be processed smoothly.

XLM has been showing a steady growth throughout its history, and recent XLM to USD price fluctuations indicate that the asset is in heavy demand among users. The ever-increasing interest from the public prompts the cryptocurrency community to spread the trading of XLM across more platforms.

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CEX.IO started its activity in 2013 and is headquartered in London, United Kingdom. Since then it has grown into the world-recognized cryptocurrency exchange that provides services to more than 2 000 000 customers. CEX.IO was registered as Money Services Business in FinCEN and is legally empowered to operate in 24 states of the USA. CEX.IO is one of the few cryptocurrency exchanges that has Stellar Lumens (XLM) listed for trading. When it comes to adding new cryptocurrencies to the platform, CEX.IO has proven to be highly selective – it focuses on the most promising and unique options for their users. This is evidenced by the customer trust and loyalty, which the exchange has been earning since 2013.

Stellar Lumens introduced the community to the new era of multi-currency payments and are heading towards wider acceptance. With the addition of Stellar Lumens to CEX.IO, the users from 99% of the world will have a chance to benefit from fast seamless international transactions and micropayments with low fees. Besides, XLM serves as an attractive investment from both short-term and long-term perspectives, and now can be easily bought and securely held by CEX.IO customers for future purposes.

Continue Reading: Stellar Gets Cheaper But Still Remains Attractive In The Long Term

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Despite Korean 'Ban', Bithumb Adds Zcash

Bithumb, one of the largest exchanges in the world, as in Korea where it’s based, has added one of the more private digital currencies, Zcash, to its platform.

Zcash has been gaining support from exchanges recently, but the addition of it on a major Korean exchange is both a win for Zcash, as well as altcoins, as the country is taking a staunch approach to new ICOs.

Korea still a hotbed for сryptocurrency

Korea has been a big player in the сryptocurrency market, despite the recent crackdown on ICOs. Interestingly however, the crackdown in a country that has such sway did little to affect the price of things like Bitcoin.

It could well be that the crackdown has been welcomed as Korea is trying to slow the monstrous wave of new and unfounded ICOs. This helps legitimize already established coins, such as Zcash, who are continuing to carve their way into the market.

Zcash was also added to another major exchange the day before Bithumb started trading, that of CEX.io, based in England.

Led to a spike

When rumours emerged that Zcash would be added to Bithumb’s listings about a week before the announcement was made, there was a massive spike in price for the anonymous coin.

The market value for Zcash shot up more than 70 percent to nearly $400 per Zcash token, though the price has since fallen back down to around $240.

Why it was accepted

There is a lot to consider before adding a cryptocurrency to an exchange, especially a major one like Bithumb, as some of the newer coins are very unstable.

David Lim, global business development manager at Bithumb, explained that it takes multiple factors into consideration when deciding whether to add a new cryptocurrency: “Bithumb considers the coin’s Security, Technology, and Investment worth when listing a coin,” Lim said. He added that Zcash had met their criteria, noting that “its technology provides the strongest reason.”

Zcash has had some big wins in recent times, none more so than when Apple legitimized it, making the cryptocurrency available on iOS.

Many like Zcash, as it takes special attention to being anonymous. It uses “zero knowledge proofs,” a cutting edge cryptography concept that uses mathematical functions to conceal certain information related to transactions, like the identity of the payer and payee, as well as the amount paid.