Exchanges for beginners

Choosing a cryptocurrency exchange is one of the first and most important steps for a beginner who wants to try trading digital assets. A poor choice of platform can lead to losses: inflated fees, an inconvenient interface, or even lack of support for the required currencies often become barriers for novice traders.

To avoid this, we have compiled a review of exchanges that are especially suitable for beginners. The main parameters to pay attention to when choosing:

• a user-friendly interface and simple registration;
• fees on spot and futures markets;
• support for fiat currencies and deposit/withdrawal methods;
• availability of a demo account for practice;
• whether verification (KYC) is required or optional;
• proof of reserves and the exchange’s reputation.

1. Bybit

2. OKX

3. Binance

4. HTX (Huobi)

5. MEXC

6. BingX

7. Gate.io

8. KuCoin

9. Bitget

10. Coinex

Criteria for choosing a crypto exchange for beginners

When choosing your first platform for trading cryptocurrency, it’s important to consider not only fees, but also convenience, security, and available features.

Key parameters to pay attention to

• Proof of Reserves
  The platform’s financial transparency is a guarantee that users will be able to withdraw their funds at any time.
• Interface and ease of use
  The simpler and more logically the tools are arranged, the easier it is for a beginner to get comfortable and avoid trading mistakes.
• Support in your country of residence
  Some exchanges restrict access for certain regions. It’s important to make sure in advance that the platform operates in your country.
• Identity verification (KYC)
  Some exchanges allow anonymous trading, others require a passport right away. It’s easier for a beginner to start on a platform with flexible conditions.
• Fiat support
  The ability to buy cryptocurrency with a bank card or via P2P trades makes starting out easier.
• Trading pairs
  The exchange should support not only Bitcoin, but also promising altcoins. Liquidity on chosen pairs is important.
• Order types
  For a beginner, market and limit orders are enough. Additional functions (e.g., stop-loss) help control risks.
• Deposit and withdrawal conditions
  Withdrawal limits, transfer fees, support for cards and e-wallets — all of this is critical for comfortable use.
• Additional features
  Staking, lending, copy trading, or demo accounts let you earn passive income or learn without risk.
• Centralized or decentralized model
  Beginners usually find it easier to start on centralized exchanges, but you should also consider the increased risks (funds are held by the exchange).

For beginners, choosing a crypto exchange plays a key role — it affects not only the convenience of the first steps in trading, but also the safety of invested funds. There is no universal “best” platform: some people value low fees, others — fiat support and P2P exchange, still others — interface simplicity and the availability of educational materials.

We have reviewed exchanges that have proven themselves to be reliable and beginner-friendly. All of them provide basic functions (spot, futures, P2P), support working with fiat money, and offer additional services — from demo accounts and staking to copy trading.

The main tip for a beginner is not to limit yourself to a single platform. Try several platforms to choose the one that is most convenient for your goals. And to reduce risks, keep large amounts in personal wallets and always enable two-factor authentication.

FAQ