The 2020 Top 6 Easy going cryptocurrency trading websites for newbies as recommended by Crypto Experts
Trade Cryptocurrencies from Any Country
Welcome to CasterlyCoin, and we are excited to have you.
Here you get to see the Best beginner Crypto Trading platforms you need to use in 2020 for maximum success.
Are you dreaming of becoming the next hugely successful crypto trader as a beginner in 2020? That’s great!
However, crypto trading isn’t as simple as buying and selling cryptos– first; you have to use a friendly crypto trading platform that will leverage your identity as a beginner/expert.
With over 43 million crypto traders worldwide. Among those 43 million crypto traders, Chappuishalder determined that more than 35% were American (15.3 million, a number confirmed by the Crypto Market Journal mentioning an estimated 5% of Americans holding bitcoin), 10.3 million are based in Europe, followed by Japan and South Korea that have similar traffic.
For instance, courtesy of Datalight, Chappuishalder reported that there were about 4 million crypto traders in the UK, which would imply a penetration rate of 6% – much higher than other very crypto-active countries, such as USA (4.65%) or South Korea (9.66%).
In other words, it is the equivalent to the penetration rate of Japan that embraces a monthly Bitcoin average trading volume of 42,000 BTC, while this figure is divided by 10 for the UK (4,000).
According to her cross-methodology, the UK penetration rate was rather between 1 and 2.6%, far from the 6% published so far.
So you see, crypto trading is now a huge side income for crypto traders and beginners. And choosing the best crypto trading platform can be a time-consuming and frustrating task.
There are a ton of options out there with similar features. How do you pick the best one?
I want to make your choice more accessible by providing information on the best crypto trading sites for beginners to help you find the perfect fit for your new Altcoin trading market.
The good news is that they are all free to start with, with some offering mind blowing crypto bonuses for all crypto beginners.
These reviews take into account reliability, imitativeness for beginners, customer support, features, integrations, and more.
And if you’re looking to buy cryptocurrencies near you can check out my other guide to buying crypto easily near you.
Let’s get started.
What is Crypto Trading?
Cryptocurrency trading involves speculating on price movements via a CFD trading account, or buying and selling the underlying coins via an exchange.
Crypto trading involves buying and selling cryptocurrencies via an exchange.
When you buy cryptocurrencies via an exchange, you purchase the coins themselves. You’ll need to create an exchange account, put up the full value of the asset to open a position and store the cryptocurrency tokens in your own wallet until you’re ready to sell.
Exchanges bring their own steep learning curve as you’ll need to get to grips with the technology involved and learn how to make sense of the data. Many exchanges also have limits on how much you can deposit, while accounts can be very expensive to maintain.
How Do Cryptocurrency Markets Work?
As cited by ig.com, Cryptocurrency markets are decentralised, which means they are not issued or backed by a central authority such as a government. Instead, they run across a network of computers. However, cryptocurrencies can be bought and sold via exchanges and stored in ‘wallets’.
Unlike traditional currencies, cryptocurrencies exist only as a shared digital record of ownership, stored on a blockchain. When a user wants to send cryptocurrency units to another user, they send it to that user’s digital wallet.
The transaction isn’t considered final until it has been verified and added to the blockchain through a process called mining. This is also how new cryptocurrency tokens are usually created.
What Is The Best Crypto Trading Sites For Beginners In 2020
The best altcoin companies are Coinbase, Binance, Binance.Us, Bybit, Bitmex, Bitfinex, and Kucoin.
It’s super exciting to start crypto trading. You get to create a new portfolio, leverage the trading strategy that excites you, integrate APIs if you want, watch the market run in your favor, and take profits by being disciplined to your trading strategy.
But don’t forget you have to start by choosing a platform. Different crypto traders will require various trading services, and there isn’t a one-size-fits-all approach.
This guide will provide you with the best options to save you time, so you have to focus on recording great trading success.
Here are my top picks for the most trusted platforms for trading cryptocurrency in 2020
1. Binance Exchange
Binance is my first choice for many reasons. However, the most outstanding is the crypto beginners need. They offer simple trading platform sections for both beginners and advanced users. With this, as a beginner, you do not need to scratch your head as to where to get started.
By definition, Binance cryptocurrency exchange operates the world’s biggest bitcoin exchange and altcoin crypto exchange in the world by volume.
Binance offers a range of great offers for users, For instance, a few days ago, to get started with trading, every new account user that bought crypto using Visa got a bonus of $10. And this is not just the first nor the last time new users get bounties. It’s Always.
Trading Crypto on Binance.com Exchange
Although they offer great support for beginners, at the same time, if you are an advanced user from other crypto platforms, you can get a new account here, and start trading like a pro. How? Binance offers Margin trading, Futures, and more.
Why Many Crypto Users Love Binance
With Binance, you can trade Bitcoin, Bitcoin Cash, Bitcoin Gold, Ethereum, Ethereum Classic, EOS, DASH, Litecoin, NEO, GAS, ZCash, Ripple and hundreds of other altcoins.
Apart from paying only a 1% card transaction fee instead of the usual 3%, Binance’s offers a low transaction fee.
I recommend their Basic trading section– if you’re a beginner as you can trade with it easily, and as you get conversant with the platform you go on to use the “Advanced Section”.
Plus, when you sign up for Binance, you get a free secure Multi Coin Wallet.
2. Binance USA
Get $15 when you complete fiat verification on your Binance.US account.
If you are an American, then it may interest you to know that Binance has done excellent work to create a dedicated & special supporting trading platform for USD users.
The Binance.US is a secure platform for users to buy, sell, and store cryptocurrencies.
Why Binance USA?
Offering both “Basic and Advanced” trading platforms for Americans, Binance.US was launched in September 2019.
The Binance US is built as a digital asset marketplace, powered by matching engine and wallet technologies licensed from the world’s largest cryptocurrency exchange, Binance.
The altcoin trading platform is managed by BAM Trading Services based in San Francisco, California, Binance.US provides a fast, secure and reliable platform to buy and sell cryptocurrencies in the United States.
Kick-Starting Trading on Binance.US
Like the general Binance, you can start crypto trading using either the “Basic trading section or the Advanced trading section”, which is pretty exciting.
That is to say, after funding your new account using your preferred payment method (credit card and more), you can easily kick start your trades. How sweet…
More so, the excitement here is that the general trading fee is just: 0.1% only. And by default, if you hold BNB in your account, your trading fees will be automatically deducted from your BNB balance.
Relatively, you get a 25% discount (subject to change) from your trading fee if you use BNB to pay for trading fees.
Meet America’s New Home Platform for Digital Asset Trading
Want to participate in an inclusive crypto ecosystem and access cutting-edge trading technology, built just for American Users?
Remember you get FREE $15 when you verify your account which does not take time.
3. Bybit Crypto Exchange
Best Professional Crypto Trading platform with the most efficient Liquidity Ranking
Bybit is a cryptocurrency derivatives exchange, headquartered in Singapore and registered in the BVI. Popularly known for the best liquidity site with genuine 24/7 customer supports for newbies.
For legendary traders, ByBit offers an advanced order system which allows traders to set up your TP/SL in one click from the order confirmation window and gives you access to multiple order types and time in force.
Also, the system manages the full-memory ordering, matching and positions, 100,000 transactions per second; each matching is completed within 10 microseconds.
Bybit is my #2 apart from Binance.US, crypto platform recommendation as you can “easily” start trading cryptocurrency on the platform as they offer users-crypto-traders intuitive exchange guide, buyers guide, referencing maxing, API documents and lots more.
Even so, you get FREE $10 as a welcome trading Bonus boost if you start trading today.
The Bybit platform is safe for trading since the platform is built on the industry’s leading hierarchical deterministic cold wallet system which stores all digital assets of users and the platform.
That is to say, each deposit address assigned to users is a cold wallet address. More so, digital assets collection and withdrawal are done through offline signatures.
Going over to the withdrawal semantics, you will discover that the withdrawal review includes all blockchain deposit records, transaction records, individuals account balances and platform account balances, to safeguard the asset security of the users and the platform.
Ready to receive all the benefits on Bybit?
Create your account today and GET $10 and start trading for Free.
4. Bitfinex Altcoin Exchange
Industry-Leading Crypto platform Powering Top 4 features
Founded in 2012, Bitfinex offers 4 core features: Crypto Exchange trading, Margin Trading, Margin Funding by P2P Financing, and Over the Counter Market (OTC)
Already popular with the experts, Bitfinex is a cryptocurrency exchange providing advanced services for digital currency traders and liquidity providers.
It is worthy to note that Bitfinex is the world’s most advanced cryptocurrency exchange and the world’s largest exchange by volume for trading Bitcoin against the US Dollar. They manage up to $3,672,963,266 for a 30 DAY TRADING VOLUME.
If you consider Bitfinex’s Exchange Trading Section you will see that they offer central limit order books for a wide array of high-quality cryptocurrencies. Also, users can deposit, trade and withdraw Bitcoin, Ethereum and other cryptocurrencies against US Dollars and bitcoin and benefit from an advanced trading interface.
Bitfinex provides users with a large selection of digital assets & order types to help our customers optimize their trading strategy.
And if you want to perform Margin Trading, they allow you to trade with up to 3.3x leverage, receiving financing with the help of our margin funding/peer-to-peer financing platform.
When opening a Margin position, users can manually enter a funding order to receive the desired amount of financing, at the rate and duration of their choice.
I don’t know if you need this, but it may interest you to know that Bitfinex offers unlimited withdrawal, in-house mobile app, and multiple payment options.
When you create an account today you get full-featured spot trading platform for major digital assets & cryptocurrencies, including Bitcoin, Ethereum, EOS, Litecoin, Ripple, NEO, Monero and many more.
Best for P2P Crypto Trading
Owned and operated by HDR Global Trading Limited, a Republic of Seychelles incorporated entity, BitMEX is a well-known P2P crypto-products trading platform offering the largest cryptocurrency by market capitalization.
BitMex means (Bitcoin Mercantile Exchange). BitMEX is one interesting trading platform for Bitcoin where a lot of people, beginners and seasoned traders get lucky to make an insane amount of money in crypto trading profits overnight.
The massive crypto overnight trading wins/earnings is one of the reasons BitMEX experience over 2 billion USD transactions that happen under 24 hours. But I would warn you, follow a unique strategy that works for you. Smiles… 😥
Getting started with BitMEX
BitMEX offers a variety of contract types. All contracts are bought and paid out in Bitcoin. BitMEX created the “Perpetual Contract”, a high leverage contract that never expires!
Commanding a daily Trading Volume of $3,035,184,687, on BitMEX you can trade Bitcoin | Bitcoin Cash| Ethereum | Litecoin | Cardano | Ripple for fiat currencies like the U.S. Dollar, the Japanese Yen, and the Chinese Yuan.
When you register on BitMEX, you enjoy the Next Best Generation of Bitcoin Trading Products.
Ready to enjoy up to 100x leverage, trading without expiry dates and Industry-leading security trading platform?
Best Crypto website to buy, sell, and manage your cryptocurrency portfolio.
People call Coinbase the Google of Crypto. And if you do, you won’t be wrong.
Founded in June of 2012, Coinbase is a digital currency wallet and platform where merchants and consumers can transact with new digital currencies like bitcoin, ethereum, and litecoin.
Many of the reasons Coinbase is the best platform for beginners is that you can deposit your fiat currency (USD, EUR, GBP etc) into Coinbase and easily collect your cryptocurrencies.
Amazingly, Coinbase has an integration with a crypto hardware wallet like Ledger Nano S where you can simply push the withdrawals into.
More so, due to the simplicity of the crypto platform Coinbase provides, this has seen up to 30M+ users turn in to use the digital asset website.
It may interest you to know that you can buy crypto on Coinbase using your credit/debit cards or even direct banking as they are running live in over 100+ countries of the world.
When you create an account on Coinbase, you get up to $10+ for free if you deposit your first $100. Also, you will earn up to $180+ worth of crypto if you get your account today.
Ready to earn up to $100+ for free on Coinbase?
Trading as a Pro on Coinbase
When you get your free welcome bonus for opening a new account on Coinbase, transfer your fund to Binance.US where you can trade as a pro.
However, if you are a beginner, get acquainted with their native platform before you go over to Binance.US
Kucoin Crypto Trading platform powering over five million global users effortlessly.
Kucoin is another popular recommended platform that wants to compete with Binance.
Kucoin offers unlimited users support – 24/7, safe and rapid bitcoin purchase, multiple order types for all kinds of risk appetite, abundant methods for earning that help preserve and increase your wealth.
You can get started for free. And it’s super easy as you can create a KuCoin account in just 10s and start trading to achieve up to 20x returns on margin trades and 100x returns on contract trades.
Kucoin trading platform will take your trading journey to another height as they manage up to 43,921,324.153+ trading volume in USDT.
I recommend crypto traders serious about running their professional trading adventure get an account in multiple sums – maybe $500, $1000 + so you can note your profitability indices easily.
Second, you can dynamically trade your preferred digital assets when you get their trading app for both android and iOS users.
Third, I recommend their LITE trading section– if you’re a beginner as you can trade with it easily, and as you get conversant with the platform you go on to use the “PRO Section”
Plus, you get KuCoin Bonus when you sign up for Kucoin, hold their native coin – KCS coin (up to 6 KCS), you will obtain this trading fee bonus released at 02:00 (UTC+8) each day. Lastly, the fees are comparatively lower than other exchanges.
Get started with Kucoin to enjoy all the benefits for new crypto beginners/traders.
There you have it – my list of the best crypto trading sites in 2020 for beginners.
While the enlisted are the most trusted platform for trading cryptocurrency, for a crypto beginner, you want to remember securing your account by using 2FA as provided on these trading platforms. That way, you are well placed to trade without bound.
Keeping your crypto-assets on crypto trading platforms
I do not recommend you keep your money on crypto trading platforms unless you trade with it constantly. When you make profits, I recommend you transfer to a reliable wallet like Ledger Nano– that way you are cool and at rest about your crypto digital assets.
My #1 recommendation for new crypto traders in America and eligible countries is to get started with Coinbase and get a free $100+ in crypto. From there you can make a transfer or fund more money and use Binance.US exchange and trade easily.
So pick the best option tailored just for you and happy trading!