Coinbase
Coinbase is one of the most beginner-friendly crypto trading platforms available. Its user interface is clean and straightforward. Coinbase offers mobile apps as well as a desktop platform, and supports fiat currency onboarding via bank transfer and debit card purchases. Coinbase allows users to trade the most popular cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and more.
Coinbase Pro (formerly GDAX)
For more active and experienced traders, Coinbase Pro offers lower fees and more advanced trading tools. However, the platform still has a simple enough interface that beginners can gradually transition to use it. Notably, Coinbase Pro allows limit orders, stop-loss orders, and margin trading, which can be beneficial tools for new traders to learn.
Gemini
Gemini is a regulated crypto exchange that only operates in the U.S. It has a beginner-friendly web and mobile app interface. Gemini offers free withdrawals, low maker/taker fees, and the ability to trade and custody popular cryptocurrencies. Gemini ActiveTrader is the platform's version for more advanced traders, offering lower fees and additional order types and tools.
Binance.US
Binance.US is the American arm of the world's largest crypto exchange, Binance. The platform has an easy-to-use interface and hosts many of the major cryptocurrencies. Binance.US offers education materials for beginners through videos, webinars and articles. The platform's fees are slightly higher than some competitors but it provides access to a wider variety of coins and tokens for new traders to explore.
Robinhood
While not a true crypto exchange, stock trading app Robinhood recently launched crypto trading for seven cryptocurrencies. The platform has aimed to make cryptocurrency easy to buy and sell for newcomers with no added fees. However, there are drawbacks for traders - Robinhood does not currently allow users to withdraw cryptocurrencies, only trade and redeem for fiat currency.
Crypto.com
Crypto.com Exchange focuses on supporting its mobile app for crypto trading. Users can access the platform's clean and intuitive trading interface via Android or iOS mobile devices. The platform provides advanced order types, charts, and trading tools but also caters to beginners through education materials to help them get started. Crypto.com Exchange offers a selection of major cryptocurrencies and low fees starting at 0.4%.
eToro
eToro is an all-in-one investment platform that includes a cryptocurrency exchange. It uses a simple "drag and drop" interface that allows beginners to easily copy more advanced traders. While eToro does not have low fees, it opens up crypto trading to first-time investors and provides plenty of educational materials to help users learn as they trade.
So in summary, as a beginner crypto trader, look for an exchange that provides education resources, keeps fees low, supports major cryptocurrencies and has a simple interface. Security should also be a top priority - only choose platforms with reputable security measures and insurance for funds. With time and patience, learning to trade cryptocurrencies effectively starts with choosing the right platform to begin your crypto investing journey.