Top Exchanges for Beginners to Try Out in 2021

The Capital
Jul 28 · 5 min read

The decentralized economy continues to expand at a record pace as new users join the digital revolution daily. Today, the crypto market serves a vital role in enabling users to gain control over their financial future. However, one of the trickiest parts of joining the crypto market is finding a reliable and secure exchange to trade on.

Not every exchange is created equal. History has shown that going with a less than reputable exchange can have dire consequences like lost funds. Luckily, you don’t need to pull your hair out in frustration searching the thousands of options available today. Here are the top exchanges for beginners to try out in 2021.

Bitrue

Bitrue has seen considerable adoption since its launch due to a variety of factors. Primarily, the network is easy for new users to navigate. Also, the exchange has some of the lowest fees at around 0.08% per transaction on average. Additionally, you can load your account with a huge variety of fiat currencies including USD, EUR, GBP, HKD, SGD, AUD, CHF, and MXN. Notably, there is never a wire transfer fee for this service.

One of Bitrue’s best features is its loan system, where users can pledge and borrow a range of different crypto coins. The exchange also introduces some advanced staking features via its Power Piggy feature.

MEXC

MEXC offers a selection of beginner and advanced features. For example, the platform supports derivatives. Specifically, you can trade ETFs and futures just like the stock markets. You can also buy crypto directly from the exchange at market value. Recently, the network has ventured deep into the DeFi sector.

Specifically, users gain access to staking protocol, mining pools, asset stagging, and community governance. All of these DeFi features increase the demand for MEXC and improve your ability to secure profits. The network also introduces missions for new users to help guide them through their crypto adventure.

Binance

Users can stake the native utility token for the exchange, BNB, and secure passive rewards. BNB enables users to save on fees and other services as well. Specifically, you receive discounts for paying your transaction fees in BNB. Additionally, the network adjusts your fees based on your overall 30-day activity. Trade more, and you will get bumped up to a higher tier and pay fewer fees.

Crypto.com

Today, the network includes a secure wallet, exchange, and host of crypto-related services. Crypto.com’s popularity has helped the network earn a reputation for having deep liquidity, high security, and low fees. Notably, Crypto.com offers users access to +80 cryptos with zero markups.

Crypto.com provides some of the best security and investor protections in the market. The platform has $360 million in insurance coverage to protect users against hackers. It also leverages the security of Amazon Web Services (AWS) and Ledger to protect your coins. Additionally, the platform has undergone multiple audits and has been peer-reviewed by the community.

Coinbase

Notably, Coinbase also operates as a broker. This designation means that the exchange sells you crypto directly. It also offers custodial services for large investment firms seeking regulated protection.

Coinbase is recognized as one of the most established cryptocurrency exchanges in the market today. The platform combines an intuitive interface with a variety of services to drive your ROIs to new heights. Additionally, anyone can start trading on Coinbase as it only requires $2 to fund an account.

Bitmex

For example, you can trade perpetual futures on margin or with leverage. The platform offers leverage up to 100x on certain contracts. Notably, leveraged trading is only recommended for experienced traders. The strategy also allows you to short the market and earn ROIs during downturns.

Bitmex users will find the interface to be straightforward. You can easily access all the basic trading functions. The platform also supports some advanced order types such as fill or kill, immediate or cancel, and post-only. Experienced and new traders gain a lot from using Bitmex and its advanced features.

Top Exchanges for Beginners to Try Out in 2021

Disclaimer: This article is not intended to be a source of investment, financial, technical, tax, or legal advice. All of this content is for informational purposes only. Readers should do their own research. The Capital is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by reliance on any information mentioned in this article.

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