Top 3 User Friendly Cryptocurrency Exchanges

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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.

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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.  

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