I Want to Trade Cryptocurrency While Studying

I would like to introduce some pointers on beginners’ selection of cryptocurrency exchanges.

Pointers for beginners to choose exchanges

1. Transaction volume on exchanges

Trading volume varies significantly depending on the cryptocurrency exchange. If trading volume is low, you may not be able to sell at the timing and price you want to sell at, so let’s choose an exchange that has as much transaction volume as possible.

2. Applicable devices

With trading, it can be inconvenient if you cannot do it smoothly when you go out, so you may miss timing of important transactions if you can only trade on a PC. Let’s choose exchanges including suppliers with application correspondence that can be easily traded on a smartphone.

3. Trading tools

There are exchanges that offer trading tools, such as FX, automatic trading, automatic mining and so on. Let’s choose exchanges that help you more in earning profits.

4. Trading fee

In trading, commission fees are very important. Various fees such as trading fees, spreads, custody fees, etc. exist, so let’s choose exchanges with the cheapest Trading fee as possible.

5. Traded cryptocurrency assets

Bitcoins is handled at any exchange, but since the price of cryptocurrencies may fluctuate greatly depending on news, choosing an exchange that handles Alt Coins other than Bitcoin, such as Ethereum gives users the opportunity to greatly increase profits. Opportunity is expanded as we select exchanges that deal with many more crypto assets.

6. Security

We often hear the news that cryptocurrency exchanges are subject to many cyber-attacks. Let’s choose exchanges that have strong security and can be used with confidence.

Caution points

There are exchanges that have sales offices and exchanges that post a trade board for users to directly trade with one another; since sales offices purchase from other exchanges, those transaction fees appear to be free but in reality are substantially higher in fees as they are merely hidden from users.

Based on the points above, we would like to introduce our recommended exchanges to beginners who want to trade while studying cryptocurrency trading from now on:

CROSS exchange

For beginners ★ ★ ★ ★ ★

This exchange is recommended for beginners because there are several cryptocurrencies to trade, easy-to-use tools, and several plans and campaigns for gaining profitability.

Trading volume of exchanges ★ ★ ★ ★ Applicable devices ★ ★ ★ ★
Trading tools ★ ★ ★ Trading fee ★ ★
Traded cryptocurrencies assets ★ ★ ★ ★ ★ Security ★ ★ ★

Not only Bitcoin but Alt Coins such as Ethereum are handled so users can trade 15 different cryptocurrencies on this exchange. Users can receive dividends according to the revenue of the exchange based on the quantity of XEX tokens, a unique token of the exchange, you hold. The transaction fees depend on the cryptocurrency traded, but there are no fees when trading with XEX. As the price of XEX goes up, you can get more capital gains and earn dividends on the exchange. In the trading tool, there is an automatic mining plan where users can receive an additional 30% more XEX in addition to returned Trading fee from trade mining XEX.
In terms of trade volume, they are ranked around 30th in the world. Since there is no fiat onramp with the Japanese Yen just yet, you need to buy crypto from another exchange, then your crypto to make any transactions.
Open an account with CROSS exchange

GMO Coin

For beginners ★ ★ ★

Advanced tools are substantial, so if you are a mid-to-advanced level trader you can make big profits.

Trading volume of exchanges ★ ★ ★ Applicable devices ★ ★ ★ ★
Trading tools ★ ★ ★ ★ ★ Trading fee ★ ★ ★
Traded cryptocurrency assets ★ ★ ★ Security ★ ★ ★ ★

Enables chart analysis like FX and has a sophisticated smartphone application “Encryption asset FX” enabling trading of Alt Coins and leverage of assets such as Ripple and Ethereum. They offer a few services that can short sell Alt Coins as well. There are five types of crypto assets handled by the exchange, including Bitcoin. With the GMO Internet group securities, FX company also being present, I think that the operating system is sufficient.
Open an account with GMO Coin

DMM Bitcoin

For beginners ★ ★ ★

There are services that are not offered elsewhere and gains can be made by mid-to-advanced level traders with the right pairings.

Trading volume of exchanges ★ ★ ★ Applicable devices ★ ★ ★ ★
Trading tools ★ ★ ★ ★ Trading fee ★ ★ ★
Traded cryptocurrency assets ★ ★ ★ Security ★ ★ ★

Major cryptocurrencies including 7 different Alt Coins and 14 currency pairs with leveraged transactions possible. High-performance trading using the many rare trade tools for cryptocurrency are possible. For leveraged trading, in addition to being able to handle short sales of Alt Coins, you can select multiple ordering methods.

Open an account with DMM Bitcoin