Trading is a good way to make money but it is so risky for new traders. I will suggest new traders to trade on demo account. More market analysis is needed for being a good trader.
If you can time the market right, trading crypto can give you much higher returns than traditional investments.
That's why knowing and considering what's the best cryptocurrencies over the market is sometimes a must. Furthermore, that is where we can see
BTC,
ETH,
XRP and
LTC. Actually a lot more. Also choosing the right and safe exchange should be learned.
For traders who are simply beginning, the cryptocurrency market can some of the time feel like a wild rollercoaster ride. So better to have an open eye and an open mind always.
I just recollected this colloquialism; “don’t put all your eggs in one basket,” it may be old, yet it's a recommendation that actually remains constant when investing in cryptocurrency. Furthermore, simply a say, Instead of using only one single exchange, it very well might be smarter to use a few distinct exchanges to deal with your trades. Indeed, even the biggest ones have experienced hacks, so it pays to spread your possessions across various accounts.
However if you would prefer not to and you think it is more complicated for you, you can go for one. For instance, kucoin. I actually do my trading for
BTC and
ETH over there for about years. And I'm still good.
I'd say KuCoin got a decent credibility and I've been using it for quite some time - never had a serious problems so I'm all good, binance is okay too but its just as overhyped as uniswap so I shook it off. Exchanges are for trading only and solely for that reason so you just gotta choose where your preferences fits.