If you are just starting to use crypto, go ahead and visit these tried and true services.
5 Reliable Exchanges for Crypto Beginners
There were over 300 million crypto users at the beginning of 2022. Since then, the number of crypto enthusiasts continues to increase every day. If you are among beginners, you know that after selecting the profitable asset and choosing the best crypto wallet, you still need to find the safest crypto exchange.
Look for a platform suitable for beginners with a wide asset offer and fast and cheap transactions. Or you can choose out of the five top-rated crypto exchanges below.
1. Godex
The first platform on the list is Godex. It was launched in 2018 by a team of industrialists who believe in the future of the crypto economy. Here are the main features of Godex:
- Type
Godex is an anonymous and decentralized platform, which means you do not need to create an account to swap cryptos. Moreover, all your funds are stored in external wallets.
- The assets available
Over 300 cryptocurrencies are available on Godex.
- Security
Thanks to SSL certificates, your data is protected against any leaks. Also, there is DDoS protection.
- Fees
You can swap on Godex with zero fees. There are only network fees.
- Speed
The transactions take from 5 to 30 minutes to proceed.
Newcomers in the crypto industry will enjoy the straightforward exchange process and intuitive interface.
2. Binance
One of the most popular cryptocurrency exchanges last year was Binance. It was founded in 2017 as a part of the huge crypto infrastructure. Check the main characteristic of Binance:
- Type
Binance is a centralized custodial cryptocurrency with a mandatory KYC procedure.
- The assets available
350+ cryptocurrencies.
- Security
Binance implements a sign-in protocol with two-factor authentication (2FA). Also, you can use a decentralized wallet to store your funds.
- Fees
Binance charges a 0.1% trading fee per trade.
- Speed
From 15 minutes to 3 hours per transaction.
You will see how many options are available within the Binance platform; hence, it is suitable for both beginners and experienced traders.
3. Whitebit
Whitebit is a crypto trading platform that was launched in 2018. Here are its main features:
- Type
Whitebit is a centralized custodial crypto exchanger. You need to create and verify an account before trading.
- The assets available
Over 250 cryptocurrencies are offered on Whitebit.
- Security
Nearly 96% of all assets on Whitebit are stored in cold storage. Also, there is a 2FA verification process.
- Fees
Whitebit charges vary from 0,1% to 0.98% trading fee per transaction.
- Speed
You need to wait from 30 minutes to several hours before the transaction is complete.
Whitebit is a crypto platform with a straightforward website, which makes it easy to navigate. However, given the advanced tools, it is an excellent choice for all crypto enthusiasts.
4. Crypto.com
Crypto.com was founded in 2016. Look what is so special about it:
- Type
Crypto.com is a classic centralized crypto exchange platform with mandatory sign-up and KYC and AML procedures.
- The assets available
250+ cryptocurrencies
- Security
Crypto.com uses two-factor (2F) authentication and provides insurance against damage or theft.
- Fees
Crypto.com charges from 0.0600% to 0.0750% trading fee.
- Speed
It takes nearly 2-3 hours to proceed with transactions on Crypto.com.
The Crypto.com exchange platform is one of the oldest on the market. It is a perfect match for crypto newbies.
5. Robinhood
Robinhood platform is a stock brokerage that was founded in 2013. The founders describe their mission as democratization finance for everyone.
- Type
It is a custodial and centralized platform. It allows you to trade crypto only by using your account.
- The assets available
Seven coins in total are available on Robinhood.
- Security
The platform is licensed and regulated by third authorities such as the Securities and Exchange Commission.
- Fees
There are 0% fees on the Robinhood platform.
- Speed
The transaction speed is associated with the network speed.
Conclusion
All the mentioned crypto exchange platforms are security-oriented and well-known on the market. If you are new to cryptocurrencies and want to swap AVAX to BNB or any other crypto pair, select one of the platforms above and start trading.
