Top Exchanges for Beginners to Try Out in 2021

Top Exchanges for Beginners to Try Out in 2021

By Crypto Adventure | Crypto Adventure | 28 Jul 2021


The decentralized economy continues to expand at a record pace as new users join the digital revolution daily. Today, the crypto market serves a vital role in enabling users to gain control over their financial future. However, one of the trickiest parts of joining the crypto market is finding a reliable and secure exchange to trade on. 

Not every exchange is created equal. History has shown that going with a less than reputable exchange can have dire consequences like lost funds. Luckily, you don’t need to pull your hair out in frustration searching the thousands of options available today. Here are the top exchanges for beginners to try out in 2021.

Bitrue

Bitrue makes the top of this list due to its forward-thinking approach to the market. This exchange offers users a variety of features and services not found on other platforms. The network operates as a decentralized ecosystem. Users can easily find all of their favorite cryptocurrencies and buy, sell, or trade with ease. 

Bitrue has seen considerable adoption since its launch due to a variety of factors. Primarily, the network is easy for new users to navigate. Also, the exchange has some of the lowest fees at around 0.08% per transaction on average. Additionally, you can load your account with a huge variety of fiat currencies including USD, EUR, GBP, HKD, SGD, AUD, CHF, and MXN. Notably, there is never a wire transfer fee for this service.

One of Bitrue's best features is its loan system, where users can pledge and borrow a range of different crypto coins. The exchange also introduces some advanced staking features via its Power Piggy feature.

MEXC

MEXC was built from the ground up to simplify crypto trading. The platform provides real-time crypto pricing and a host of other valuable features to users. This exchange provides a familiar experience to those migrating over from the stock market. This familiarity is because the exchange was initiated by trading teams from Wall Street, Europe, and Japan.

MEXC offers a selection of beginner and advanced features. For example, the platform supports derivatives. Specifically, you can trade ETFs and futures just like the stock markets. You can also buy crypto directly from the exchange at market value. Recently, the network has ventured deep into the DeFi sector. 

Specifically, users gain access to staking protocol, mining pools, asset stagging, and community governance. All of these DeFi features increase the demand for MEXC and improve your ability to secure profits. The network also introduces missions for new users to help guide them through their crypto adventure. 

Binance

Binance is one of the best-known exchanges in the world. It has dominated the centralized exchange sector since it launched in China in early 2017. This platform features an excellent selection of coins and features. 

Users can stake the native utility token for the exchange, BNB, and secure passive rewards. BNB enables users to save on fees and other services as well. Specifically, you receive discounts for paying your transaction fees in BNB. Additionally, the network adjusts your fees based on your overall 30-day activity. Trade more, and you will get bumped up to a higher tier and pay fewer fees.

Crypto.com

Crypto.com entered the market in 2016. This exchange was originally named Monaco. The protocol was an immediate hit with the firm securing an impressive $26.7 million in an initial coin offering (ICO) in June of 2017. Since then, Crypto.com has continued to expand its offerings.

Today, the network includes a secure wallet, exchange, and host of crypto-related services. Crypto.com's popularity has helped the network earn a reputation for having deep liquidity, high security, and low fees. Notably, Crypto.com offers users access to +80 cryptos with zero markups.

Crypto.com provides some of the best security and investor protections in the market. The platform has $360 million in insurance coverage to protect users against hackers. It also leverages the security of Amazon Web Services (AWS) and Ledger to protect your coins. Additionally, the platform has undergone multiple audits and has been peer-reviewed by the community.

Coinbase

Coinbase is a San Francisco-based exchange that entered service in 2012. Currently, it operates as the largest U.S.-based cryptocurrency exchange in the world. The network offers users a fully regulated and insured trading experience. As such, it is the network of choice for many large institutions seeking to trade digital assets. 

Notably, Coinbase also operates as a broker. This designation means that the exchange sells you crypto directly. It also offers custodial services for large investment firms seeking regulated protection. 

Coinbase is recognized as one of the most established cryptocurrency exchanges in the market today. The platform combines an intuitive interface with a variety of services to drive your ROIs to new heights. Additionally, anyone can start trading on Coinbase as it only requires $2 to fund an account. 

Bitmex

Bitmex offers you an alternative way to participate in the altcoin market without actually purchasing cryptocurrency directly. Bitmex users can buy altcoin derivatives using the Japanese Yen, US Dollar, and Chinese Yuan. The exchange specializes in derivative and contract trading which means you gain access to a lot of investment options not available anywhere else in the market. 

For example, you can trade perpetual futures on margin or with leverage. The platform offers leverage up to 100x on certain contracts. Notably, leveraged trading is only recommended for experienced traders. The strategy also allows you to short the market and earn ROIs during downturns. 

Bitmex users will find the interface to be straightforward. You can easily access all the basic trading functions. The platform also supports some advanced order types such as fill or kill, immediate or cancel, and post-only. Experienced and new traders gain a lot from using Bitmex and its advanced features. 

Top Exchanges for Beginners to Try Out in 2021

Now that you have a firm understanding of some of the best platforms for new users to try out in 2021, you're ready to improve your crypto investment strategy. The most important thing to remember is to stick to the reputable exchanges listed in this review and you are sure to enjoy a secure trading experience. 

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Crypto Adventure
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