Best platform to buy Cryptocurrency for beginners

Deciding which is the best platform to buy cryptocurrency for beginners can seem like a daunting task, with so many different exchanges and trading platforms to choose from. Fortunately, there are a few tried and trusted exchanges that cater specifically to newcomers, offering great resources and user-friendly tools to make your journey into the world of digital currencies as easy as possible.

Coinbase – the most trusted and easy-to-use platform

Coinbase is one of the most respected cryptocurrency exchanges as well as one of the easiest to use. Their user interface is perfect for complete beginners, allowing you to buy, sell and receive cryptocurrencies with ease. You can securely store a wide range of supported coins and tokens right in their wallet, or easily transfer them out if you choose. Coinbase offers strong security features to help keep your funds safe and also allows access to its advanced trading platform Coinbase Pro.

Binance – diverse selection of cryptocurrencies

When it comes to buying cryptocurrencies, Binance is another great option for beginner investors. This exchange has a wide range of coins available, from the major players to smaller coins with emerging potential. You can use their intuitive and user-friendly platform to buy and sell coins or access more advanced features such as automated trading in the Pro version. They also have another feature called Staking, which lets users earn rewards on supported coins by holding them in the Binance wallet.

eToro – copy top traders for easy returns

eToro is a social trading platform that offers its users the possibility to automatically ‘copy’ the strategies of top cryptocurrency traders. This means that you can choose which investor to follow and therefore profit from their success. It’s arguably one of the simplest ways for beginners to start investing in digital assets, since it requires minimal setup time and gives you a ready-made portfolio – no need to monitor markets!

Kraken – low fees and great security options

Kraken is one of the most established players in the cryptocurrency industry and it’s known for being a reliable platform with low fees. As such, it’s a great choice for beginners who want to start investing in digital currencies without sacrificing security or paying extra fees. It offers a wide selection of different cryptos to trade as well as advanced features like order types and margin trading, so that you can gradually expand your investment portfolio as you become more familiar with the market.

It is probably best to try out a few platforms when you are trying to decide which is the best platform to buy cryptocurrency for beginners. Also having access to a few platforms is also a good idea as during peak times some platforms have been known to go down. If you have another platform you can use when this happens means you can still perform a transaction when you are ready to do so.