Re: Best exchange for a new crypto investor?

Quote from: WillyZ on July 31, 2018, 08:08:20 AM

Hey all!

I'm fairly new to the crypto world and was looking some info about exchanges and which ones might be the best for newcomers like me. I stumbled upon this podcast which seems helpful - http://cryptoandblockchaintalk.com/episode-11-crypto-exchanges-for-new-investors
But looking to hear your opinions as well. Where do you trade and what are your recommendations?

Thanks
Willy

There are so many crypto exchanges today, some offer only crypto trading pairs for example BTC/ETH or BTC/LTC - for instance Binance have almost 250 such pairs so you can easy trade many altcoins for BTC and vice versa. But if you need to send money ( fiat ) to exchange to buy some cryptocurrency then you need to look for exchanges which offer fiat/crypto pairs, so pay attention to it. Also many exchanges requiring that you need be verified with your documents so that you could use them, and you will recognize it by KCY ( Know Your Customer ) and AML ( Anti-Money Laundering ) just by reading their TOS.

Some of most trusted ( oldest ) exchanges are : Bitstamp, Coinbase, Poloniex, Kraken and some others. Before using any exchange I suggest you to make a review of that exchange by simply use search engine with key words including "exchange+review".