If you’re a crypto-trading beginner, look for a platform with a simple and straightforward interface. A good exchange starts simple, and hides complex features for advanced traders in the settings.
Make sure your exchange has deposit and withdrawal options that work for you, and remember to check the fees associated with different methods. Bank deposits are always the most inexpensive method, PayPal and credit cards are faster but more expensive.
The level of liquidity on an exchange affects the ease and speed with which you can complete trades. If there's a high level of liquidity – in other words, if the exchange has a high trading volume – then trades should be completed quickly and easily.
From deposit through to trading and then withdrawing funds, how much will it cost you to buy and sell crypto on each platform from start to finish? Good exchanges are transparent about their fees.
1. Compare cryptocurrency exchanges to find one that suits you
2. Register an account and go through the account verification process
3. Deposit fiat currency (e.g Euros) using the payment method of your choice.
4. You will receive an email once the money has arrived in your account.
5. Choose the trading pair of your choice (e.g “BTC/EUR”)
6. Review the details of the trade and click “buy” if you’re happy to proceed