When choosing a way to exchange cryptocurrency, one should consider many factors. The same platform can be suitable for an experienced trader and totally unclear for a beginner. If you are only beginning your journey to the crypto investment world, pay attention to the following things when choosing an exchange to work with:
- If there are crypto coins you need?
- Is there an opportunity to buy crypto with fiat?
- Is a platform credible? What are the reviews?
- Are there different trading tools available?
- Can it offer passive income?
- Is its interface easy?
- Can you customize an application?
Considering all the mentioned parameters, the most credible and trusted platforms are:
- Binance
- Okex
- Huobi
- KuCoin
- Kraken
- WhiteBIT crypto exchange
No doubt that Binance is a market leader by trade volume. It offers numerous earning opportunities, average fees, and an educational section. The exchange has the biggest trade volume – $12,9 billion. However, it may be difficult for a beginner to understand this platform, so maybe it is better to start with something easier. Let’s take a closer look at the WhiteBIT exchange.
Why WiteBIT is the best option for beginners
This is a young platform yet credible and known all around the world – it operates in over 150 countries. WhiteBIT offers average fees of 0,1%, and its policy is transparent. The platform provides a cryptocurrency exchange app, allowing trade just on the go. Users can customize it according to their needs, which is convenient for novice traders.
The exchange offers over 400 trading pairs and also pairs with fiat currencies. It is possible to buy crypto coins with bank cards.
To swap coins, users may not register on WhiteBIT, but registration and KYC verification are a must to access a full range of trading tools. Usually, it takes about 24 hours to check a user’s data.
WhiteBIT offers smart staking – an opportunity to receive interest from keeping your investments on the exchange. Also, the platform provides tools for margin trading, p2p, spot trading, and an attractive affiliate program.
96% of assets are kept offline, so users’ investments are highly protected from hackers.
The platform offers a Telegram chat customer support that works 24/7 and quickly reacts to users’ messages.
The interface is beginner-friendly and allows you to promptly handle trading tools and start earning, which made WhiteBIT the easiest crypto exchange.
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