The 7 most popular cryptocurrency trading platforms for beginners

The 7 most popular cryptocurrency trading platforms for beginners
Where cryptocurrencies could lead the global economy
The value of the cryptocurrency market is expected to triple by 2030 (Getty)
Muhammad Sanajla
12/24/2023
Cryptocurrencies have become a major part of the financial world in a short period of time, and their number in the world has increased to about 19,500 currently, and research reports indicate that more than 300 million people deal with them.

Allied Market Research expects the value of the cryptocurrency market to triple by 2030, to nearly $5 billion.

In this report, Al Jazeera Net presents 7 of the most popular digital currency trading platforms in the world for novice investors, explaining their types and features:

1- Gemini
Forbes magazine ranked Gemini as the best cryptocurrency exchange for beginners for December 2023, with a rating of 4.9 on a 5-point scale.

The platform is characterized by a simple and easy-to-use interface, offers strong security protection for investors, and also offers a wide range of educational materials in its “Cryptopedia” library, where users can read a full range of topics and reports related to cryptocurrencies, starting from trading strategies for these currencies, to... Understand the latest developments in decentralized finance operations and methods for digital currencies, while providing crucial tips for new investors.

The company was founded in 2014 in the United States, and in 2018 it began using the Nasdaq Stock Exchange’s “Smarts” technology to monitor transactions and combat fraudulent activity and price manipulation. In 2020, the company also announced the conclusion of a partnership with Samsung to connect their “Samsung Blockchain” wallets. Gemini accounts to view balances and transfer cryptocurrencies.

2- Get IO
Gate.io is a globally recognized platform for exchanging digital currencies. It trades more than 1,400 different digital currencies. It was founded in 2013 and is classified among the 10 largest global platforms for trading digital currencies in the world, according to Reuters.

In 2019, the company launched a special security fund called “Gate SeaView” that acts as a safety net for users’ assets to provide protection for their money and investments. Among its other features is that it contains an education platform for beginners in the field of cryptocurrency investment.

As part of its efforts to expand its presence in the Middle East, the company obtained a license from the Dubai Multi Commodities Center to conduct proprietary trading in crypto commodities in the UAE, and also launched the “Turkey Portal” to meet the needs of cryptocurrency traders in Turkey.3- Kraken

The Kraken platform was founded in 2011 and is headquartered in the United States. Kraken offers a range of digital currencies with low trading fees, and is well suited for beginners, as it received a rating of 4.5 points on a 5-point scale according to Forbes magazine.

It works to facilitate the buying and selling process using its specialized platform, where users can benefit from low fees that range between 0.16% and 0.26% for trades worth $50,000 or less.

It is a globally licensed, approved and trusted platform, and is used by a large number of Arab users who invest in more than 180 digital currencies.

4- Binance
Binance is the largest cryptocurrency trading platform in the world, and operates its largest exchange in terms of daily trading volume. One of its most prominent features is that it has an interface in the Arabic language, and it also offers a long list of digital currencies other than the most common digital currencies such as Bitcoin. And Ethereum.

Binance was founded in 2017 in the United States, and has become one of the most powerful cryptocurrency trading platforms in the world. It is suitable for people who want to trade or invest in less well-known digital currencies, as it offers more than 50 different cryptocurrencies for trading, and it is a good option for anyone who wants... More advanced charts than most other exchanges; The features and charting capabilities that come with opening an account are really great, and give novice traders an excellent ability to analyze and read the movement of the markets.

Binance is the largest cryptocurrency exchange in the world (Shutterstock)
5- Coinbase
The Coinbase platform was founded in 2012, and received a rating of 4.8 points out of a 5-point scale according to the classification of the specialized “NerdWalt” organization. It is one of the largest digital currency trading platforms in the world, as it allows the trading of more than 200 encrypted digital currencies. .

The platform provides protection for traders, and contains a large number of market indicators and charts that new users need to analyze market movement. The platform also offers custodian accounts for novice users to protect them, and provides the best investment advice to them. It also provides a series of video lessons and tests as a way to educate novice users about... How to trade cryptocurrencies.

It also provides secure trading wallets for investors, providing them with insurance against hacking, piracy operations, and funds are stored in bank accounts insured by the Federal Deposit Insurance Corporation. This platform is used in 190 countries around the world, and is used by about 10 million customers.

6- BYDFE
Founded in 2019, its headquarters are located in Singapore, and it provides trading services in more than 400 digital currencies in more than 150 countries, including Middle Eastern countries.

It is one of the few exchanges that comply with global financial industry regulations, and holds licenses in Australia, Singapore, and the United States, and users interested in spot trading enjoy low trading fees ranging between 0.1% and 0.3%.

The platform received a rating of 4.6 on a 5-point scale on Forbes.

7- eToro
“eToro” offers a very important service for beginners that is not available in other platforms, which is the “Copy Trader” service, which allows novice traders to copy the portfolios of more experienced investors in the short or medium term. Copy trading is ideal for inexperienced investors, as They can learn from the experiences of more experienced traders.

This platform was established in 2007, and thus it is considered one of the oldest trading platforms in digital currencies, with more than 30 million investors registered from all over the world, and trading in more than 50 digital currencies. It is distinguished by providing an interactive and social trading platform that is easy to use, and it also provides an Arabic interface. It facilitates trading for Ara