Top 3 User Friendly Cryptocurrency Exchanges

Jump to page contents

Top 3 User Friendly Cryptocurrency Exchanges

When you’re taking your first steps into the crypto space you will be bombarded with different currencies, exchanges, and jargon. Making the wrong decisions at the start can slow down your enthusiasm and, in worse cases, lose your money. There are many user friendly cryptocurrency exchanges that are excellent for newbies like yourself. This guide will explore some of the best.

Why Choose a User Friendly Cryptocurrency Exchange?

A user friendly interface is not only important for navigational purposes but also facilitates trading. In general, the more user friendly exchange is, the more it’s used by other traders, hence larger the volume of transactions and liquidity. Therefore, if you want to also take advantage of strategies like crypto arbitrage, it’s important to choose a crypto exchange with a clean UX. Below we have collected 3 the most user friendly cryptocurrency exchanges for traders:

Coinbase

Coinbase Pros and Cons

Considered to be the best cryptocurrency exchange for beginners, Coinbase has a massive user base and is one of the largest platforms in the world. Based in the United States, Coinbase uses several KYC (know your customer) processes to safely identify its users and keep them and their money safe.

If you are looking to learn how to trade Bitcoin and other currencies, then Coinbase is certainly a good place to start. The exchange accepts most of the major currencies, and you can swiftly buy crypto using your debit or credit card. Its interface is extremely user-friendly and intuitive, making it ideal for beginners.

Together with a Coinbase account, you can also apply to get a Coinbase Wallet, which you can use to safely store your digital currency when you don’t need to use it. This allows you to keep all your currency under one system, rather than splitting it between different organisations.

CEX

CEX.io Pros and Cons

Whilst not as big as Coinbase, CEX is one of the oldest cryptocurrency exchanges, having been established in 2013. The exchange is open to all countries in the world, with certain US restrictions. Following a detailed sign up process, you will be able to start trading in no time, thanks also to the handy “instant buy” feature.

With the CEX help section you can learn how to read crypto charts and this CEX.io review can show you how to make the most of your account. You can buy and sell Bitcoin and Altcoin using card payments, bank transfers or other cryptocurrencies.

The selection of trading assets is not huge, however, you will find most of the best cryptocurrencies available. As a beginner, it is recommended that you focus most of your portfolio into the major currencies as they are seen as a safer investment.

Coinmama

Coinmama Pros and Cons

Available in over 180 countries and a reputation for being extremely easy to use, Coinmama is a cryptocurrency exchange which was built for beginners. The trading fees are higher than the average, but the user experience make it an ideal platform to start investing in Bitcoin.

The Slovakian exchange allows card payments, with some restrictions, as well as bank transfers. It does not offer users its own wallet, so you will need to apply for a safe and secure cryptocurrency wallet to store your coins in.

Once again, the selection of currencies at Coinmama is limited, however, you will find a mix of popular and less popular currencies, including Ethereum, Cardano, and Qtum.

5/5

Conclusion

When selecting a user friendly cryptocurrency exchange, it’s important to note responsiveness, efficiency and clarity. An exchange with a poor user interface will be difficult to navigate. Also, if you come across poor UX, we recommend avoiding this exchange as there is a strong chance of it being a scam. Major exchanges like Coinbase will prioritize their user experience to communicate trust. For more experienced traders Coinbase has created Coinbase Pro that follows the same UX principles, only is designed for more advanced execution.  

Ready to join our tribe?

We respect your email privacy

Subscribe now to recieve exclusive updates and offers!

Recently Similar Guides

Latest Guides

Crypto Mining,Mining

CPU vs GPU Mining at Home: Which is Better?

As cryptocurrency becomes mainstream, more and more people are getting involved in the crypto-world. This has also raised curiosity on how to mine cryptocurrencies and not just exchange and purchase them. As exciting as this sounds, crypto-mining is not easy to achieve, as it requires deep technical knowledge. If mining cryptos is something you are […]

15 June, 2021
Crypto Wallets,DogeCoin,Ethereum,Litecoin,Ripple

Best Ways for Coin Storage to Protect Your Cryptocurrency

As the price of Bitcoin and other cryptocurrencies continues to soar, news of people who have lost access to their crypto stash is always hitting the headlines. Recently, Stefan Thomas, a German-born crypto enthusiast, made news when he had only two attempts to his password for him to access his 7,002 Bitcoins worth millions of […]

9 June, 2021
Crypto Mining,Mining,Monero

How To Mine Monero (XMR) In 2021

In this how to mine Monero guide, we will provide you with the important information you need to know before you mine this cryptocurrency. We will also offer guidance on building your Monero mining rig and where you can sell your coins for a profit. What is Monero? Monero is an open-source digital currency that […]

6 June, 2021
Bitcoin,Crypto Mining,Crypto Wallets,Litecoin

How to Mine Litecoin in 2021?

Although Bitcoin is seen as the “gold” of cryptocurrencies and a value for long-term purposes, Litecoin is seen as the “silver” of cryptocurrencies and a trading tool for cheaper and daily purposes. Litecoin was released on October 7, 2011, through an open-source client on GitHub. The Litecoin network was launched on October 13, 2011. It […]

2 June, 2021
Altcoins,Cryptocurrency,Exchange Platforms,Investment

Open Source Cryptocurrency Exchange Explained

Cryptocurrencies are turning the Fintech world upside down. As the immense power of Blockchain technology continues to unfold, it comes with limitless opportunities that are transforming the global economy. Apart from the decentralized nature of crypto, there’s one fundamental aspect of this mind-boggling technology: the open source aspect of cryptocurrencies. To understand how crypto works, […]

19 May, 2021
Cryptocurrency,Investment,Liquidation

Cryptocurrency Liquidity And The Importance Of It

The worldwide recognition of cryptocurrency has drawn people’s attention to certain terms like market capitalization, staking, harvesting, NFT, liquidity, and many more. Cryptocurrency traders know that they have no other option than to learn these terms if they want to succeed in the crypto market. This is because such terms make it easier for them […]

17 May, 2021
Bitcoin,Bitcoin Cash,Litecoin

Litecoin vs Bitcoin Cash – Which is better?

Bitcoin is considered one of the biggest innovations of the recent past. However, the rapid development also brought problems that were not expected so soon. Scalability, in particular, has become a challenge. In response, a hard fork of Bitcoin eventually created Litecoin and Bitcoin Cash. Litecoin (LTC) was launched in 2011, making it one of […]

14 May, 2021
simulated trading,Trading,virtual trading

How To Automate Bitcoin Trading?

Bitcoin is the most accepted, traded, and valuable cryptocurrency. It has come a long way since its launch in 2009 and virtually all crypto exchanges offer bitcoin on their platform. If you’re looking to trade bitcoin, you should consider using crypto trading bots. This article will touch on what trading bots are and will provide […]

11 May, 2021