Since so many of you have asked me to product more crypto videos, that’s what we are going to do!
First we need to start from the beginning because I know there are a lot of new investors in this market. Whether you have been following Wall Street Bets, or heard that Tesla has bought Bitcoin, or even Elon Musk pumping dogecoin. Whatever the case may be, in this video I will go over the Top 3 Crypto Exchanges for New Investors.
If you are new to crypto, the first exchange you have to check out is Coinbase.
Coinbase is usually the first recommend exchange because it is very user friendly. It really does remind me of stock apps like Robinhood and Webull where the target audience is new investors. Anyone can start using Coinbase and begin their crypto trading journey.
Coinbase has been around for a very long time and you can trust that they are a legit crypto exchange. In fact, I even promoted Coinbase back in 2013 when I made my very first Bitcoin video.
If your focus is more advanced trading, definitely look into the next exchange.
Just like Coinbase Pro, Binance does offer you a more advanced trading platform and has more cryptos to select from.
Binance gives you all the necessary tools to level up your trading when compared to Coinbase. Your are able to set limit orders as well as set stop losses. In my opinioin, Binance is without a doubt the best crypto exchange currently.
Reliability is one huge reason why I prefer Binance. There has been many times in the past during big pumps or dumps that Coinbase website would go offline. This is unexceptable in my opinion and Binance has always had better service in that regard.
If you are familiar with Facebook or have watched “Social Network” then you must have heard of the Winklevoss Twins. They created the Gemini Exchange several years ago and has been in the crypto game for a very long time. Overall its a very nice crypto exchange.
There is however one very specific reason I am even recommending Gemini Exchange. That is their crypto credit card. With this credit card you can now earn “cash back rewards” in crypto. This is a very cool concept and is something that I would love to use.
Imagine getting Bitcoin cashback rewards just for using this credit card for your everyday spending. I personally would love to get crypto cashback instead of USD cash back.
Over the years their has been many new crypto exchanges that have come into this market and there will be new ones every bull cycle. The 3 exchanges I mentioned today have been in this market for a very long time. They all have very easy to use phone apps that are great for beginners. Whichever one you choose, I hope these 3 recommendations will help you get started in your Crypto journey.