Post
Topic
Board Trading Discussion
Re: Best exchange to start trading?
by
Z_MBFM
on 15/12/2023, 16:11:57 UTC
Up until now I have been just buying and patiently waiting for the bull run but in the last week I have seen 2 altcoins I was interested in pump up 40% in less than 24 hours so want to try make some money and give trading a go.

What is the best site for this in the UK?

I am only going to start with $200 roughly to see what I can turn it into over the next few weeks and months as the market is starting to get very volatile so could be good opportunity to make some extra money which would then mean I can invest more into my long term plays.
I think Binance would be the best exchange if you want to use a centralized exchange because it is top position in all cases and has enough liquidity for all coins listed there. So you can buy and sell any coin instantly there without any hassle which you may not get in any other exchange. DEX is very good for high privacy and safe trading but compared to CEX the trading fee is very high so since you want to trade with only $200 DEX is not a problem. But if you are trading with thousands of dollars then it would be better to use DEX because there you will be in full control of your total funds and in CEX your funds are under the control of others so there is a lot of risk.