If you have decided to become a crypto investor but don’t know where to start, this article is for you. It talks about crypto assets, what to look for when choosing the best cryptocurrency trading platform for beginners, and the cryptocurrency guide for traders. Let’s begin with picking an asset.
How to Choose a Cryptocurrency to Buy?
There are different types of digital assets – coins, tokens, stablecoins, DeFi tokens, NFTs, etc. Here is the guide on picking cryptocurrency for beginners:
- Check out the nature of the project: what value does it offer, and what problem does it solve?
- Availability of the coins (tokens) on the leading cryptocurrency platforms (Binance, Coinbase, etc.).
- Check out the asset’s liquidity.
- Are social networks active?
- Project developers and early investors.
- What about price volatility: how has the asset price changed, and what has influenced it?
Thorough project analysis of these parameters lets us know whether it is worth investing in the project.
Beginners Guide to Crypto Trading
If you are a beginner and don’t have cryptocurrencies yet, you can get them quickly. First, choose one of the most popular cryptocurrency exchanges. We recommend the following services
- WhiteBIT
- Coinbase
- Binance
- Kraken.
These cryptocurrency platforms are easy to use from the very beginning. They all belong to centralized exchanges, which means they share responsibility for users’ funds and are motivated to provide the highest level of security in cryptocurrency trading for beginners and experienced traders.
To buy cryptocurrencies, you can use your bank card. To do this, create an account on one of the mentioned platforms, pass KYC, deposit your account with your card and click the “Trade” button. Select the desired token, pay the commission and proceed with the transaction. The above services offer a complete package of trading instruments, so you can start with the simplest swap transactions and move on to more complex financial instruments (futures trading, leverage, etc.).
Look for the guide to cryptocurrency on WhiteBIT Blog. The resource provides instructions for using crypto and trading in simple words.
