Howdy there,
Welcome to the third email of CoinSutra's Crypto education. This is the beginning of your crypto training.
Do you know how the majority of users lose their cryptocurrencies?
That is because they use untrustworthy exchanges to trade or even buy/sell Bitcoins and other cryptocurrencies. More often than not, it happens because we hurry to get hold of Bitcoins or other coins which looks profitable, and then a lot of scam exchanges take advantage of this FOMO and lure users to use their exchanges.
So Rule #1:
Do not use random exchanges.
There are two kinds of exchanges that you need:
- Buy/Sell: These are the exchanges from where you can buy/sell cryptocurrencies. For example, Coinbase, CEX, CoinMama, etc.
- Crypto Exchanges: Here, you deposit Bitcoin or similar crypto and use it to trade with other coins. You should only use globally recognised crypto exchanges such as Binance, KuCoin, Bitit, etc.
Since the crypto industry is new and you can actually learn to trade, I wouldn't stop you from using the second type as well. However, you should use it only when you are well-versed with other terms. However, for now, you can create an account on these renowned exchanges.
In lesson 1, create your account on these exchanges (a few of them are country-specific, so you should use the one that is ideal for your geographic location).
For Buying/Selling
- CoinBase (most popular out there which offers Bitcoin, Ethereum, Litecoin and a few others)
- Cex (I really like it as it offers an easy to use a mobile app)
- CoinMama (you can use Debit/Credit cards to buy crypto)
Exchanges
- Binance (The #1 Crypto exchange, do buy BNB coin to lower down your trading fees)
- KuCoin (Good engine and high liquidity)
Rule #2:
When you create an account on these exchanges, use a complex password. I use a password manager called Dashlane which works on Windows, Mac, Android and iPhone. This will help you keep your account secure.
You can read and bookmark the article below for the list of updated exchanges.
Best Cryptocurrency exchanges for hasslefree trading
With this, I bid Goodbye for today. I will see you in the next email newsletter with tips on storing your coins.
Ta Da!
Harsh Agrawal
Unsubscribe | Update your profile | D 191, Gurgaon, Haryana 122001
Best Cryptocurrency Exchanges 🚀 In The World To Buy Any Altcoins