Top 5 Biggest Crypto Exchanges for Beginner Traders

Introduction

An increasing number of investors across the world have gotten interested in crypto trading over the past few years, with growing awareness of the advantages of blockchain technology and decentralized payment protocols.

In fact, as of 2023, there are over 420 million crypto owners worldwide!

As a result, cryptocurrencies have gained widespread acceptance, and more and more potential investors are looking for the biggest crypto exchanges to start out.

Being a beginner trying to trade crypto, finding the perfect crypto exchange according to your preferences may be difficult. Worry not, though! We just made your work simpler by listing the five biggest crypto exchanges you can avail!

What is a Crypto Exchange?

For all you newcomers to crypto trading, we are starting with the basics: what is a crypto exchange? A crypto exchange is a trading platform for crypto tokens, allowing users to buy, sell and exchange crypto for fiat money or other tokens. A crypto exchange may maintain a crypto wallet to help users store their crypto deposits.

The biggest crypto exchanges have eased the path toward financial freedom by making crypto trading effortless.

Various cryptos and tokens are available for trading on crypto exchanges. Thus, a crypto exchange enables you to choose the ideal investment in crypto to get your started on the road to financial freedom through the diversification of your portfolio.

Now, here are the five biggest crypto exchanges that are suitable for beginner traders!

5 Biggest Crypto Exchanges for Beginner Traders

Coinbase

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Founded by Fred Ehrsam and Brian Armstrong in 2012, Coinbase has become one of the biggest crypto exchanges in terms of its size, adoption, and prominence. It claims to have a quarterly volume of over $145 billion, with around $130 billion worth of digital assets listed on its platform.

Due to its reputation as one of the most user-friendly crypto exchanges worldwide, Coinbase can be a good option for beginner traders. But it is heavily USA-focused, and thus perhaps not the best option for being a global crypto exchange.

Millionero

Millionero is one of the latest entrants among global crypto exchanges currently operational in multiple countries; the platform has grown fast with its several handy features available for users.

Millionero takes pride in being the most beginner-friendly crypto exchange there could be. It offers beginners in crypto trading an uncomplicated, user-friendly interface across all its markets, 24/7 support, and several other convenient attributes when it comes to placing trades, while it also gives them a number of tools to optimize their returns from crypto trading and relevant activities.

For example, Millionero offers possibly the most lucrative referral fee sharing model you may have heard of! If your referrals trade on Millionero and invite their friends as well, it shares up to 55% of the fees earned from your referrals with you!

Could it get better than this? It sure can!

One unique feature of Millionero Perpetual MAX allows you to make perpetual trades by borrowing a leverage of as much as 100x to magnify your position and returns! What’s more, you can use any of the crypto tokens supported by Millionero as collateral for borrowing money during perpetual trading, instead of just being bound to USDT when it comes to leveraging.

Along with having multiple crypto pairs for your convenience, a simple and streamlined user interface for beginners, and a special copy trading feature, Millionero also minimizes your risk with crypto perpetuals by setting your leverage at 3x automatically!

Such qualities clearly show why Millionero has already earned its place in the league of the biggest crypto exchanges you can use as a beginner trader!

Crypto.com

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Crypto.com was established in 2016 by Bobby Bao, Rafael Melo, Gary Or, and Kris Marszalek and currently has its headquarters in Singapore. With over 50 million users, Crypto.com has grown to become one of the more popular crypto exchanges in the world. The exchange has an app, an NFT marketplace, and several other services. Crypto.com’s application is termed to be user-friendly and has been designed with beginners in mind.

Kraken

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Jesse Powell created Kraken in 2011, which is regarded as one of the oldest crypto exchanges. Kraken rose to be a top crypto exchange platform by trading volume thanks to its low fees and suitability for all types of traders. Additionally, it provides features like margin trading, staking, indices, futures, and 24-hour support.

The exchange offers a wide range of services to meet the demands of its crypto traders. Kraken has made crypto trading relatively effortless, with more than 185 crypto tokens on its platform and a presence in more than 190 countries. But is dwarfed by other major exchanges because of a lack of a variety of trading instruments and options.

eToro

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eToro is a financial technology company founded in Israel in 2007 that offers crypto trading services. Currently having over 30 million users, the firm enables them to use its platform to initiate discussions on the crypto industry by posting their thoughts and opinions and reading investor comments, on top of performing crypto trading activities.

Conclusion

Crypto exchanges have quite evidently become a useful tool to indulge in crypto trading and focus on financial freedom. Exchanges like Millionero are a boon for beginner traders, with their numerous tools and features for a seamless crypto trading experience!

Sign up on Millionero and take part in crypto trading today! You can also give them a follow on Twitter, Instagram, Facebook, and LinkedIn for latest updates!

None of the information on this website is investment or financial advice and does not necessarily reflect the views of CryptoMode or the author. CryptoMode is not responsible for any financial losses sustained by acting on information provided on this website by its authors or clients. Always conduct your research before making financial commitments, especially with third-party reviews, presales, and other opportunities.