Best Bitcoin Exchanges for Beginners in 2020

Millions of people around the world are interested in trading cryptocurrencies, but new users tend not to know where to do so. With so many cryptocurrency exchanges thriving in today’s markets, new traders can hardly keep up.

That’s why we’ve taken the time to analyze the top 20 cryptocurrency exchanges, ranking them by speed, cost, international accessibility, trading features, user confidence, and more. By the end of this guide, you’ll have strong options for trading crypto, wherever you live, and whatever form of cryptocurrency trading you wish to pursue.

Our Recommended Crypto Exchange (US Friendly)

  • 15+ Cryptos + Wallet Available
  • $200 Minimum Deposit
  • Accepts Paypal
  • Trade Stocks, Forex, Crypto and more
75% of retail investors lose money when trading CFDs with this provider.

What is a Bitcoin Exchange or Cryptocurrency Exchange?

Bitcoin exchanges are online marketplaces where cryptocurrencies are bought and sold.

Bitcoin exchanges match buyers with sellers.Supply and demand determines the price of Bitcoin, i.e., buyers pay for Bitcoin what they think it’s worth, based on how much is available on the exchange.

There are Bitcoin exchanges all over the world, catering to regional and international audiences.Some exchanges accept fiat currency, others only crypto.

Still others don’t sell Bitcoin at all, and instead allow users to make bets on crypto price fluctuations.

Some Bitcoin exchanges are regulated. Others are not. But all good cryptocurrency exchanges should provide a strong user experience, protect user funds, and comply with the law and industry best practices.

There are tons of Bitcoin exchanges to choose from.By the end of this guide, you’ll know what Bitcoin exchanges are available to you, how to sign up with them, and what other options are available for you as you learn to trade within these fascinating markets.

Looking for a cryptocurrency exchange that accepts Paypal as a payment method? Check out our Paypal Bitcoin exchanges guide

How to Choose a Bitcoin Site

Features to Look for

  1. Affordable Fees. If you trade frequently, high fees add up, and can eat away at your profits.
  2. Regulation-Compliant. This way you know you’ll be taken care of if something goes wrong, such as a hack or market manipulation. Usually these exchanges are regulated by CySec or the FCA.
  3. Responsive Customer Service. If you have an issue with the exchange, you want one that is quick to put things right.
  4. High Liquidity. It’s one thing for an exchange to support the coins you want to buy; it’s another for the exchange to have an active supply.
  5. Country Based. You won’t have your account locked if the exchange stops being available in your part of the world.

Features to Avoid

  1. Not Trustworthy. Always look for a sign of trustworthiness in the website, like the ‘Lock’ icon at the top of the page next to the page URL.
  2. Market Order Types. If your exchange only uses Market Orders, you may not be getting the best price.
  3. Excessive Commission fees. You should always look if an exchange has withdraw, deposit and overnight fees. Make sure to verify the values before committing.
  4. Low Volume. Smaller exchanges can have price abnormalities. Beware though: A lot of exchanges are actually brokerage services that charge you an abnormal mark up.
  5. A Professional Trading on your Behalf. Needless to say that respectable exchanges who offer Cryptocurrencies will not offer you a professional trader to do act on your behalf. Avoid Scams.

Best Bitcoin Sites for 2019

We’ll first take a look at the top exchanges overall, then look at our favourite exchanges for different criteria: fees, reputation, ease of use, etc. By the end of this guide, you’ll have several high quality options for your personal bitcoin trading needs.

Video Tutorial: Best Bitcoin Exchange UK & US 2019

1. CryptoRocket

CryptoRocket is owned by CryptoRocket Limited and its headquarters are registered in St. Vincent and Grenadines. When it comes to online trading, CryptoRocket is our most recommended exchange, offering a great variety of assets, ranging from cryptocurrencies to stocks, indices, forex and more. The cryptocurrencies the platform offers include Zcash, Ethereum, Bitcoin, Monero, Tron and many others.

  • Great variety of cryptocurrencies and other assets
  • No verification procedure in place
  • User-friendly interface
  • No fees on deposits and transactions
  • No wallet available
  • Limited payment methods
 Quick Guide: How to Buy cryptocurrencies in 5 Minutes with CryptoRocket
  • Sign up on CryptoRocket
  • Create a trading account
  • Try trading in demo mode
  • Deposit funds in your account
  • Choose your deposit amount (the minimum deposit amount required is $10)
  • Access the trading platform and scroll through the asset list until you find your preferred one
  • Start trading with that asset
  • Wait and see what the results of your trade are

Visit CryptoRocket

2. Binance

Binance exchange was originally started in China, before moving to Japan, Taiwan, and finally Malta in search of friendly national regulations. Binance is the largest cryptocurrency trading provider in the world, by volume.

Binance has a huge assortment of cryptocurrencies available for trade. They use trading currencies Bitcoin, Ethereum, Tether, and/or Binance Coin BNB for all trading pairs. BNB users get 50% all trading fees.

  • Various selection of up-to-date cryptocurrencies
  • No verification needed (Besides email) to purchase Crypto
  • Cryptocurrency deposits accepted as well as credit card
  • Most targeted exchange from hackers/phishers
  • Slow verification if looking for extended limits

 Quick Guide: How to Buy cryptocurrencies in 5 Minutes with Binance

  • Sign up on Binance
  • Deposit funds into your account
  • Decide on the amount you want to deposit (you can deposit a minimum of $250 to be allowed to access the trading platform)
  • Then click on the search engine on the top right of the screen and type in the name of the digital coin you’re interested in and then click on “buy”
  • Place an Open Trade on that currency
  • Wait and see if you make profit and then it will appear on your trading history

Visit Binance

3. Coinbase

Coinbase is an American fiat exchange, accepting USD (and other fiat in specific regions) in exchange for Bitcoin, Ethereum, Litecoin, Ethereum Classic, and Bitcoin Cash.

Many people use Coinbase before any other crypto exchange because Coinbase is widely available and very user-friendly. Coinbase is one of the most expensive Bitcoin exchanges, but this is partially due to the high degree of investor protection they offer their users. With Coinbase, you get what you pay for.


  • You own the Bitcoin you buy on the exchange
  • No need to deposit funds to buy BTC (in case you use your credit card)
  • Newbie and user-friendly interface
  • Low credit card fees


  • Credit card fees are lower at some brokers
  • Trading fees are higher than at top cryptocurrency exchanges

 Quick Guide: How to Buy cryptocurrencies in 5 Minutes with Coinbase

  • Sign up on Coinbase
  • Place funds into your account
  • Decide on the amount you want to deposit (you can deposit at least $250)
  • Then click on “search”, insert the name of the cryptocurrency you want to trade with and then click on “buy”
  • Place an Open Trade on that asset
  • Wait and see if you make money

Visit Coinbase

4. 24Option

24Option is one of the best known platforms for buying, selling and trading cryptocurrencies, because its marketing strategy consisted in supporting and sponsoring the football club Juventus.24Option has Bitcoin, cryptocurrencies and also CFDs. Its platform is very user friendly and also has other pairs of assets such as Stocks, Commodities and Forex. They are also starting to explore Cannabis Stocks, which is a very popular option today.Below are some advantages and disadvantages of using the 24Option platform:


  • Accepts payments with electronic wallets, credit and debit cards, and bank transfers
  • Regulated by CySec
  • Minimum deposit of $100 USD


  • The different account levels are very expensive
  • Does not operate in the U.S

 Quick Guide: How to Buy cryptocurrencies in 5 Minutes with 24 Option

  • Sign up on 24 Option
  • Deposit funds into your new account
  • Decide on how much you want to deposit (you have to deposit at least $250 to be able to access the trading platform)
  • Access the trading platform and click on “filter” at the top left of the page, then select “cryptocurrencies” and choose the asset you want to trade with and click on “buy”
  • Place an Open Trade on that asset
  • Wait and see if you see any returns

Visit 24Option

5. Coinmama

Coinmama is an exchange that was created and became fully operational in 2013.Coinmama is available worldwide and provides its services to as many as 188 countries. It was made widely popular in 2017, as it was one of the exchanges with the fastest methods to buy bitcoin and other cryptocurrencies with a credit or debit card.Below are some advantages and disadvantages on Coinmama’s platform:


  • Accepts payments with credit cards, debit cards, and bank transfers
  • Continuously expands the pairs of crypto offered


  • High fees
  • Doesn’t allow its users to sell back their cryptocurrencies

 Quick Guide: How to Buy cryptocurrencies in 5 Minutes with CoinMama

  • Register on CoinMama
  • Place funds into your account
  • Choose your deposit amount (you have to deposit at least $250)
  • Click on “buy cryptocurrency”, select the cryptocurrency you are interested in and click on “buy”
  • Place an Open Trade on that currency
  • Check if you’ve made profits

Visit Coinmama

6. Bittrex

Bittrex is a major American cryptocurrency exchange with hundreds of available altcoins. With 0.25% trading fees, Bittrex is no longer the most affordable option, but for routine buying and selling, and access to some obscure altcoins, it’s one of the better options.


  • Strong trading selection, Occasional useful updates


  • Fairly expensive for frequent traders, an older exchange showing its age

 Quick Guide: How to Buy cryptocurrencies in 5 Minutes with Bittrex

  • Register on Bittrex
  • Place funds into your account
  • Choose how much you want to deposit (the minimum deposit is $250)
  • Access the trading platform and click on “find” at the top right corner of the page, find the asset you are interested in and click on “buy”
  • Place an Open Trade on that asset
  • Wait and see if you make any money

Visit Bittrex

7. Gemini Exchange

Gemini Exchange is run by the Winklevoss Twins of Facebook fame. Gemini is a strong competitor to Coinbase, with cheaper fees, more advanced order types, and a slightly more varied altcoin selection.

Gemini Exchange is seeking the highest level of fintech licensing that New York (its home base) can confer, making it a safe and transparent place for investors at all levels to get into cryptocurrency. Gemini Exchange also accepts fiat.


  • Fairly affordable for a fiat exchange, Trades Zcash, Intuitive/Attractive


  • Limited altcoin trading options

 Quick Guide: How to Buy cryptocurrencies in 5 Minutes with Gemini/marker]

  • Register on Gemini
  • Deposit funds into your new account
  • Decide on how much you want to deposit (you have to deposit at least $250 to be able to access the trading platform)
  • Access the trading platform and click on “filter” at the top left of the page, then select “cryptocurrencies” and choose the asset you want to trade with and click on “buy”
  • Place an Open Trade on that cryptocurrency
  • Wait and see if see any returns

Visit Gemini

8. Bitfinex

This international exchange is no longer available to users in the United States. This is a shame, because Bitfinex has one of the strongest user interfaces of any crypto exchange.

Though involved in the unaudited growth of Tether and other not-quite-scandals, Bitfinex has avoided major scandal, and has provided a high level of service and trading options to those who can use it.


  • Complex yet intuitive trading, Strong coin selection


  • Not available in the US, no app

 Quick Guide: How to Buy cryptocurrencies in 5 Minutes with Bitfinex/marker]

  • Register on Bitfinex
  • Transfer money in your account
  • Choose how much you want to tranfer (you will have to deposit a minimum of $250)
  • Access the trading platform and click on the search icon on the top right of the page, choose the cryptocurrency you want to trade with and click on buy
  • Place an Open Trade on that asset
  • Wait and see if you make money

Visit Bitfinex

9. Kraken

Canadian exchange Kraken presents a strong selection of altcoins, with a wide variety of trading options. They even offer margin/leveraged trades!

Kraken has seemed to lag behind in development, but it never gives up. Though Kraken has struggled with high trading volume on its busiest days, it mostly works as it should. Kraken’s CEO is very publicly active on social media, and responds to customer critiques in a way we don’t see very often.


  • Margin trading, good customer service, Good coin selection


  • Slow development

 Quick Guide: How to Buy cryptocurrencies in 5 Minutes with Kraken/marker]

  • Register on Kraken
  • Deposit funds into your account
  • You can deposit a minimum of $250 to access the trading platform
  • Access the trading platform, click on “assets” on the top left side of the screen, then in the “search assets” section, type the name of the cryptocurrency you are interested in trading with and then click on “buy”
  • Place an Open Trade on that cryptocurrency
  • Wait and see if you make profits

Visit Kraken

10. ShapeShift

ShapeShift is one of an important class of exchanges which provide instant liquidity for buyers and sellers, without requiring these customers to identify themselves. ShapeShift has been incorporated into a number of trading wallets, for inter-wallet trading.

ShapeShift is all about convenience. There may be other exchanges which are cheaper or more consistent, but when you’re in a pinch, ShapeShift is there.


  • Super convenient, Available in popular wallets and online


  • Expensive, Occasional liquidity problems

 Quick Guide: How to Buy cryptocurrencies in 5 Minutes with ShapeShift/marker]

  • Register on ShapeShift
  • Place funds into your new account
  • You will have to deposit at least $250 to be able to start trading
  • Access the trading platform, click on “search”, find the cryptocurrency you are interested in, select it and click on “buy”
  • Place an Open Trade on that asset
  • Wait and check if you see any returns

Visit ShapeShift

11. Changelly

Another no-KYC exchange with instant liquidity for users on the go, Changelly fills an important niche within the crypto trading industry. As with ShapeShift, the Changelly API has been used to bring fast trading to various wallets and other crypto applications.


  • Convenient, Built into popular crypto apps


  • Expensive, Occasional liquidity problems

 Quick Guide: How to Buy cryptocurrencies in 5 Minutes with Kraken/marker]

  • Register on Changelly
  • Deposit funds into your account
  • You will have to deposit at least $250 to be able to access the trading platform
  • Access the trading platform, search for the currency you want to trade with and click on “buy”
  • Place an Open Trade on that cryptocurrency
  • Wait and see if you make profits

Visit Changelly

12. KuCoin

Called a “Binance Clone” by some, KuCoin in fact does offer many of the benefits of Binance: low fees, discounted trading with a proprietary crypto, huge selection of assets.

In practice, we’re happy to have any exchange that offers good customer experiences and a wide range of services, which KuCoin definitely does, Binance copycat or not.


  • Low fees, Discounted trading with exchange coin, Lots of altcoins and obscure coins


  • Little here that you can’t get elsewhere, not deeply regulated

 Quick Guide: How to Buy cryptocurrencies in 5 Minutes with KuCoin]

  • Register on KuCoin
  • Deposit funds into your account
  • You can deposit a minimum of $250 to access the trading platform
  • Access the trading platform, click on the search engine, find the cryptocurrency you are interested in and click on “buy”
  • Place an Open Trade on that asset
  • Wait and see if you make profits

Visit KuCoin

Exchanges Reviewed

For a closer look at crypto exchanges, be sure to check out our detailed reviews below.

Cryptocurrency Sites Ranked by Category

The cheapest bitcoin exchange site is Binance. Here, traders pay only 0.10% for every buy and sell order. This is already low for an industry where 0.25% of above is common, but Binance also offers 50% discounts for traders who use their Binance Coin BNB. That’s just 0.05% per trade; almost free.

Binance has its copycats which also mimic its fee and token structure, but none is yet better than the original.

Certain CFD brokers like Robinhood offer 0.00% trading fees, but it’s important to understand that the company makes money on spreads and in other nuanced ways. The trader still pays, but not in a way that’s easy to notice.

There are a number of cryptocurrency exchange with excellent reputations.

Coinbase is where most new crypto traders buy their first Bitcoin or Ethereum. It’s highly regulated and trustworthy.

Gemini Exchange is a major competitor to Coinbase, and is pursuing more stringent regulation and licensing than any other exchange on the planet.

Binance sells far more cryptocurrencies than any of the other exchanges in this section. It’s not as well regulated, but it has never suffered a major attack.

Coinbase makes signup a breeze, offer mainstream currencies that all kinds of users will understand, and are safely regulated and licensed in many jurisdictions.

Coinbase Pro offers many different order types, complex charting, and fast performance for experienced traders. They also offer a greater array of currencies than the basic Coinbase platform.

Binance offers a similar level of performance, with many more crypto assets on offer.

The best bitcoin site for in-app trading is Coinbase. While there are many high quality platforms available in browser, the selection is fairly limited on mobile. Fortunately, these two offerings earn high marks.


Binance is the best overall exchange option for people trading in the UK. The combination of low fees, high altcoin selection, trading complexity, high volume, and more, all make Binance the exchange to beat.

Coinbase is the best North American exchange that accepts fiat currency. Though fairly expensive, Coinbase is thoroughly regulated for investor safety.

For cryptocurrencies not available on Coinbase, Binance will offer the widest selection at the lowest price for US investors.

Binance is the best exchange overall for people in Australia and New Zealand. Dozens of cryptocurrencies, low and discounted pricing, and an international reach make it the exchange to beat in this region.


Differences Between Exchanges and CFD Brokers

A sub-type of exchange, the CFD Broker, is different from a normal cryptocurrency exchange in that they don’t sell real Bitcoin. Instead, CFD brokers essentially allow users to bet on the future price of Bitcoin.

CFDs (Contracts For Difference) are a quick way to trade, without having to use Bitcoin wallets or mess with confusing Bitcoin transactions.

It’s also easy to lose money quickly with CFD trading, if you’re not accustomed to it. However, with knowledge and practice, CFD has its place. Just make sure that if you want real Bitcoin that you go with a conventional Bitcoin exchange, and not a CFD broker.

What Type of Bitcoin Exchanges Are There?

For our purposes, there are basically two types of Bitcoin exchanges: those that accept fiat currency as payment (centralized), and those that do not (decentralized).

Fiat currencies are any government-issued money. US Dollars and British Pounds Sterling are two common examples.


  • Compliant to strict regulations
  • High Investor Protection
  • Offer limited Services


  • Offer a wide variety of services
  • Non-compliant to regulations
  • More susceptible to hacks

Final thoughts

There are hundreds of cryptocurrency platforms operating today. Unfortunately, most of them are not worth trying, and some will put user funds at risk of hacking and fraud losses. Some investors do lose money in cryptocurrency trading scams. To find out more about these products you can read our Bitcoin Blueprint and Bitcoin Loophole reviews.

We hope that the options we’ve presented to you will give you all of the trading functionality you need, without any of the associated risk. As this industry develops, we’ll investigate new exchange sources. For now, the exchanges we’ve recommended here are truly the best in the business.


Can I Store My Cryptocurrencies On Exchanges Indefinitely?

This isn't a good idea. Cryptocurrency exchange wallets are meant for the short term storage of funds, such as right after a purchase of Bitcoin has been made. Exchange wallets can technically hold cryptocurrencies indefinitely, but as we're learned from hacking events like Cryptopia and QuadrigaCX, sometimes exchanges lose user funds. Every crypto exchange basically as a target on its back. With so many millions or billions in assets contained on a single platform, thieves will be working as hard as they can to steal the funds contained therein. Buy your coins and quickly move them to a wallet that resides on your computer of mobile device. As an individual, you won't have hackers trying to steal from you, at least with the same effort that the put into robbing exchanges.

Why Don't More Crypto Exchanges Accept Fiat Payments?

Cryptocurrencies are sparsely regulated, so exchanges that only accept crypto>crypto transactions don't put themselves under regulation the same way fiat>crypto exchanges do. For a fiat exchange to survive, they've got to comply with all sorts of federal and state oversight, sometimes in multiple nations. This is costly and time-consuming, and few exchanges want to jump through these hoops. Those that do can be very profitable, but they also take on considerable risk because they have to be transparent to regulatory scrutiny just like banks and other high-level fintech service providers.

Why Do So Many Crypto Exchanges Get Hacked?

There are several reasons why today's cryptocurrency exchanges are vulnerable to hacking. 1) They're centralized. Exchanges basically hold huge piles of digital cash. One hacker breakthrough can result in a massive score. 2) Cryptocurrency exchanges are suffering during the crypto bear market. Some have had to lay off staff, leaving themselves with less expertise to throw into security. 3) Some cryptocurrency exchanges are shady, fly-by-night affairs that don't use industry best practices. They're get-rich-quick schemes. 4) Many cryptocurrency exchanges are practically unregulated, meaning they can conduct themselves in any way they please, without any outside body stepping in to make them behave properly.

Why Do Some Banks Not Allow Credit Card Payments to Cryptocurrency Exchanges?

Banks have to protect their customers' assets and interests. Cryptocurrency is an experimental technology and economic model. Billions of consumer dollars have been lost in crypto investments, and negative monikers like Bubble, Hype and Fad are not far off the mark in certain cases. By preventing customers from using credit to by Bitcoin, banks are preventing certain unwise individuals from going into debt to invest in a highly speculative market that they don't understand. On the other hand, these banks are impinging on client freedoms and access to capital. It's a complicated situation.

What Happens if I Lose My Funds in a Crypto Exchange Hack?

The answer to this question depends entirely upon which exchange you're using. If your Bitcoin is lost in the hack of an unregulated, offshore Bitcoin exchange, you probably aren't going to get your money back. There is simply no regulatory body able to enforce customer protection practices on exchanges like this. However, if you use highly regulated exchanges like Coinbase (which probably won't get hacked anyway), you know that you would get your money back in the event of a hack, because Coinbase complies with many of the same regulations as banks.



Remember, all trading carries risk. Views expressed are those of the writers only. Past performance is no guarantee of future results. The opinions expressed in this Site do not constitute investment advice and independent financial advice should be sought where appropriate. This website is free for you to use but we may receive commission from the companies we feature on this site.

About John

John Iadeluca is the founder of the Wall Street hedge fund Banz Capital. He's a blockchain developer, quant, and consultant that specializes in the digital asset sector.

22 thoughts on “Best Bitcoin Exchanges for Beginners in 2020

  1. Hello, I am new to the world of online trading and I am looking for the right bitcoin platform for me. Would Gemini be the right choice? I’ve read that it is a really good platform, especially for novices.

    1. Hello Joanna. Thank you for your question. If you are an inexperienced user, Gemini is probably not the right choice for you. Even though it has potential, its trading interface is only seemingly simple to use but once you start using it you realise that it is excessively complex and as a beginner you will probably have a hard time figuring out how it works. That is why we would recommend eToro over Gemini. Not only its trading interface is easier to use but you also have the option of copying the trades placed by some of the top investors using eToro.

  2. What are the things I should avoid while I am trying to decide whether it is worth signing up on a bitcoin exchange?

    1. Hello Rue. Thank you for your question. One thing to look out for is the lock sign page next to the URL at the top of the webpage. If that is there, it means that the website is secure and trustworthy, so that is a good sign. You should also watch out for market orders, if that’s all the exchange uses, you might want to look for other options with better prices. You should also try and compare commission fees, a lot of exchanges have really excessive fees and you definitely do not want to trade on them. On a more general note, just look out for suspicious things, like offers of a professional trader making trades for you or promises of $15,000 in one day. I hope that helps.

  3. I’ve heard that signing up on bitcoin exchanges that allow PayPal as a payment method is much safer. Is that true?

    1. Hello Bradley. Thank you for your question. That is definitely true. The main thing about paying with PayPal is that it stops you from having to share your bank details with third parties. How PayPal works is that when you create an account you will have to insert your bank details to connect your account to your bank card. Once that is done, whenever you want to pay with PayPal, all you have to do is insert the credentials to log into your PayPal account but not your bank details, which makes it much safer. I hope that answers your question. If you want to find out what are the exchanges that accept PayPal as a payment method, feel free to go on our page on how to buy Bitcoin with PayPal.

  4. Hello there. Thank you for this review. I had never heard about 24Option before but it really seems like a valid bitcoin exchange to sign up on. I can’t afford to spend $250 right away without having made profits first, so I see 24Option as a good alternative. Am I wrong?

    1. Hello Lola. Thank you for getting in touch. You are definitely not wrong. We consider 24Option to be a very good option, especially if you cannot afford to spend $250 as an initial deposit. We always recommend to spend amounts that you are willing to lose so that’s definitely a good idea. Alternatively, we recommend trading on eToro because of the copy trading option. So the best thing you could do in that case is to wait until you can afford to make that initial deposit and sign up on eToro if you want access to that feature. Feel free to check out our eToro review to find out more about it.

  5. Do any of these platforms not require a minimum deposit amount? I find it very frustrating that I can only start trading on a bitcoin exchange if I have $250 in my pocket.

    1. Hello Christopher. Thank you for your question. Coinmama, Coinbase and Binance have very low minimum deposit fees, so having $250 is definitely not a requirement, you just have to take some time deciding which one of these platforms you prefer. The thing is that while as a positive, these exchanges offer very low minimum deposits, they have other downsides, such as high fees, insufficient asset variety and so on. On the other hand, there are other exchanges, like eToro, that may require higher minimum deposits but they make up for this with remarkable services. That is why we recommend waiting till you can afford to spend some more at the beginning and perhaps spend less in the long run, than to spend little at the beginning and much more in the long term. I hope that makes sense.

  6. Thanks for this review. It was the push I needed to finally sign up on a cryptocurrency exchange. What would you say are the most well-reputed cryptocurrency exchanges currently available?

    1. Hello Becky. Thank you for the kind words. There are quite a few well-reputed platforms at the moment, such as eToro, CoinBase, Binance, and a few more. They are all excellent platforms that will definitely help you get the results you are hoping for. Of course they all have their strengths and weaknesses for example some of them require a lower minimum deposit than others or do not operate in the US or have high fees. If you are looking for the right one to choose I would do some research on the individual platforms to help you make your decision. To start off, feel free to have a look at our eToro, Binance and Coinbase reviews to see if you are interested.

    1. Hello Vanessa. Thank you for getting in touch. It normally depends on the exchange you’ve lost your money on. Some exchanges have a refund policy when it comes to hacking attacks but others don’t. So if you’ve lost your money because of that, it is definitely gone, but you may be able to get it back with a refund. The best thing to do if it’s already happened would be to contact customer support and ask if they have a refund policy. If you haven’t signed up to the exchange yet and are concerned about this, I would have a look at the exchange’s website in the legal section or the terms and conditions, to see if they have a refund policy in case of hacking. I hope this helps. Good luck!

    1. Hello Richard. Thank you for your question. I think it very much depends on your level of trading experience. If you are an experienced trader, investing on cryptocurrency exchanges is probably a good idea because you can be in control of what you invest in how much and for how long. If you are not so experienced, you have two options: one is to sign up on eToro and make the most out of the copy trading option, where you can copy the trades of the exchange’s top investors. Your second option is to sign up on an auto trading robot instead. They are designed to help inexperienced traders by doing most of the work for them, including market analysis and placing trades. All you are required to do is to change the trading settings once a day. If you want to find out more about them we suggest checking out our bitcoin robot page if you get a chance. I hope that answers your question. Best of luck.

  7. Hello! It’s so hard to find informative reviews listing all the most reliable exchanges there are. Thanks for taking care of that. One question: what happens if my account gets hacked and I lose all the funds I had in it?

    1. Hi Arthur32. Our pleasure! That very much depends on the exchange you have an account on. What I mean is that if you’ve lost your money in an account of an unregulated, unreliable or maybe offshore exchange, then I am afraid there is probably not going to be much you can do. However, if you create an account on a regulated platform, they may have some refund policies, especially the most well-reputed ones. What I suggest doing is to have a look at the website of the exchange you want to open an account on and have a look at their terms and conditions or their legal section to check if they have protection in place in case of hacks. Good luck!

    1. Hello. Thank you for your question. I would say that the best cryptocurrency platforms for new traders are Coinbase and eToro. We recommend having a look at both our Coinbase and eToro reviews. Both platforms are really clear in walking you through the sign up process. It might take a couple of days, but it is certainly made simpler than it is on other exchanges.

      Both platforms are also regulated by trusted and well-reputed agencies and both offer a great variety of assets you can choose from. As for eToro in particular, you also have the option of copying the trades of more experienced users. That may come in particularly handy if you are new to the world of online trading and still trying to develop your own trading strategy.

    1. Hello Cjs 765, Our experts have tested and reviewed a lot of popular crypto platforms. We highly recommend you to use eToro for buying and trading stocks. eToro is one of the best and secure platforms for this type of trading.

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