Comments on: Best Cryptocurrency Exchanges for Beginners

By: Anntoinette Ashby

Anntoinette Ashby — Fri, 08 Nov 2019 08:01:17 +0000

Hi there, I am totally new at this, can you help me with the best options. I want to buy a cryptocurrency or bitcoin. How do I start I am in NZ. How much will I need. Will $150.00 new Zealand dollars be enough to start me off. can I purchase and let it run its course, or do I need to be watching it 24/7. Im willing to give this a go if some one can help.

By: Felix

Felix — Wed, 05 Dec 2018 16:16:52 +0000

In reply to Mike. I heard a lot about changenow and recently checked it out. My claim was processed in less than half an hour, which is not bad at all. I agree with you that this is the best option for quick swapping.

By: Mike

Mike — Wed, 14 Nov 2018 13:57:50 +0000

I used everything in this list, but I am confused by the availability of limits and the need to create an account. Today, I opted for the changenow, a platform with a simple exchange without limits and registration. For me, this is the best option.

By: Patricia MacLennan

Patricia MacLennan — Tue, 30 Oct 2018 01:23:40 +0000

This article isn’t up-to-date. Bittrex does offer USD trading and USD bank accounts.

Plus, Binance has grown a lot since this article was written. It has an excellent reputation and moved their operations from Hong Kong to Malta. You now need verification if you wish to withdraw more than two bitcoin. They are regarded as a top exchange with 10 million users as of October 2018 with a capacity for 20 million at this time. On top of that, Binance is heavily into supporting startups around the world. Although they do add newer coins to the exchange sooner than some, they don’t allow rubbish. Underperforming coins get deregistered. This is fast becoming a favourite exchange for many around the world.

Hi Ross,
Binance at this stage is only a crypto to crypto exchange. I’m sure just like Bittrex recently did, it will add the feature as it grows. It’s not even 18 months since it’s ICO. Like a lot of exchanges, you use your local entry exchange like Coinbase or Bittrex in USA, Cointree or Coinspot in Australia; each country has at least one. You then transfer your BTC or other coins to Binance for your trade of choice. If you wish to sell out into your local currency, you then reverse the procedure.
As for withdraws; Submit your ID and photo – follow the instructions exactly – and once your KYC has been verified you will get a daily 200 BTC equivalent – plenty for the average person.
It’s a bit confusing at first, however you soon get your head around the space. This is why there still isn’t mass adoption; people need to be responsible for their security; it’s cumbersome at the moment as opposed to phoning your local stock broker and placing an order.
I did lots of research in the beginning and signed up to reputable analyst subscriptions. They always give you step by step instructions and importantly, keep you up to date on all developments across the industry.

By: Ross Luxton

Ross Luxton — Sat, 15 Sep 2018 04:53:35 +0000

The other question is , How does Binance work if I cant buy crypto coins there in the first place without other crypto coins ? Catch 22 . Example my current exchanges excepts Cash deposits into an account from which I can buy XRP, It would appear Binance has no access for cash purchases . Can you explain.
Im still very green on how they work.
Thanks

By: Ross Luxton

Ross Luxton — Sat, 15 Sep 2018 04:49:38 +0000

Hello
Iv just opened a Binance account , However Im totaly confused, Iv now discovered I can only WITHDRAW , 2 BTC a day ( Ill assume there talking about Bitcoin) or 100 with a 2FA), I must be confused, what good is that when it comes time to cash out and I want to transfer my Coins or back into cash . Lets say I have 50 Bit coin or 10,000 XRP , i want to withdraw, at 2 BTC a day that would take me 25 days to get all my money out of the Exchange.. this cant be right. Can you explain.

Signed Novice

By: Anita

Anita — Wed, 15 Aug 2018 16:36:47 +0000

Your article profiled 6 different exchanges, and yet at the end of your article you wrote, “We have selected 3 Cryptocurrency exchanges here which are trustworthy and easy to use for beginners to get started building their investment portfolios.” Which of the 6 exchanges you wrote about are your “selected 3”. Thanks for all the great information. I look forward to your reply!

By: Maria

Maria — Fri, 09 Mar 2018 18:37:40 +0000

Thanks a lot! Realyy help for beginers!!!

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