Bharat SainiLast Updated on October 8, 2022 by Bharat Saini
Hundreds of cryptocurrencies are available on the market. However, a novice trader faces difficulties when picking a cryptocurrency to buy. If we look at the crypto ranking Coinmarketcap, we can see the top traded assets with their trade volumes and market caps. So the most popular digital assets are:
- Bitcoin
- Ethereum
- Tether
- USD Coin
- BNB
- Cardano.
You can buy cryptocurrencies on any crypto platform. For example, the most reliable services are:
- WhiteBIT
- Coinbase
- Kraken
- Binance.
Why do we recommend using big crypto exchanges?
Let’s talk about it.
Why is Centralized Exchange the Best Pick?
The platforms mentioned above belong to a centralized type. That means they have a central regulatory body that keeps track of transactions, not allowing any illegal activity. A centralized cryptocurrency trading platform provides robust security for users’ funds and several layers of account protection.
If you are a beginner, we advise using a WhiteBIT exchange, for its interface is simple and intuitive. You can buy crypto with real money on a centralized exchange if you have not got any coins yet. It takes a few simple steps. First of all, you need to register an account and verify it. On WhiteBIT, for example, it takes a couple of days. Once your profile is verified, attach your debit card. Then move the needed amount of money and click the “Exchange” button. You will see a space where you should enter your trade data – the currency you have in your account and coins you would like to acquire. Then pay the fee of 0,10% and receive coins in your account in a few seconds. Congratulations! You have got your first crypto.
When you buy cryptocurrencies on other big crypto exchanges, it works the same way as with WhiteBIT, but the transaction fees, the range of tools, and the number of crypto pairs supported can be different. So before starting with any cryptocurrency trading platform, read the conditions and terms thoroughly.
