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.

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.  

Register for Latest Updates & News

We respect your email privacy

Subscribe now to recieve exclusive updates and offers!

Recently Similar Guides

Latest Guides

What are Market Orders and How to Use Them?

When it comes to trading in the financial market, whether you’re trading CFDs or buying the actual underlying asset, there are several orders you can use to execute your trade. These execution methods entirely depend on your trading strategy, and they can broadly be categorized as either market orders or pending orders. The primary difference […]

18 January, 2022

A Comprehensive Guide To Reading Candlestick Charts Effectively

Technical traders use various tools to analyze the global financial markets. With the advent of technology and the internet, traders can easily access these valuable trading tools for free. However, the problem could be choosing the right and comprehensive tool among the lot. For instance, novices can get confused with what chart to pick to […]

5 January, 2022

The Role of Fundamental Analysis

Like any other financial asset, trading cryptocurrencies require a well-defined strategy. This strategy will require a never-ending learning process. The three major analyses you’ll need to conduct are fundamental analysis, technical analysis, and a third but relatively unknown one, Sentimental analysis. The sentimental analysis is a measure of people’s sentiment towards an investment class. It’s […]

29 December, 2021

Key Drivers of the Crypto Market

The cryptocurrency wildfire has swept throughout society, and it has reached the extent where every fight against crypto has only stoked this fire. This new craze has not spared any sector of the global economy, with the sector of every nation adopting new strategies to work with digital currencies. In this article, we want to […]

16 December, 2021
Cryptocurrency,Trading

How to Develop a Crypto Trading Plan?

Have you ever been burnt by FOMO (fear of missing out)? Perhaps, you saw a trending token on social media that’s already rallying, and you bought, only to be burnt by a rug pull. If you can relate to this scenario, this article is for you. If you can’t relate, this article will help you […]

1 December, 2021
Cryptocurrency,Exchange Platforms

Top 9 Crypto Exchanges by Volume in 2022

As the crypto market continues to gain increasing mainstream popularity, crypto exchanges play a critical role by ensuring a constant supply of liquidity. There are over 500 crypto exchanges, with many more launching almost every other day. While many factors determine the best crypto exchange, the volume has always been the major determinant. Volume refers […]

11 November, 2021
Altcoins,Crypto Mining,Cryptocurrency

What is Staking in Crypto?

Let’s Define Staking Crypto staking can be likened to depositing your money in a bank. It simply means locking up your assets in exchange for rewards or interest. In other words, staking is when you commit your crypto assets in order to support a blockchain network and confirm transactions. Crypto staking is common with cryptocurrencies […]

4 November, 2021
Blockchain,DeFi

Which is the Fastest Cryptocurrency?

Cryptocurrency is now a global phenomenon that has enjoyed so much attention in virtually every sphere of human existence. From politics to banking, and even space shuttle, big corporations are now accepting digital coins as a form of payment for their products and services. With the number of digital currencies in the crypto space, there […]

25 October, 2021