🚀 Complete Beginner's Guide to Crypto Exchanges

A crypto exchange is a platform where you can buy and sell cryptocurrencies like Bitcoin and Ethereum.

Similar to stock exchanges, but operates 24/7 and is accessible to anyone worldwide.

Exchanges are divided into centralized (CEX) and decentralized (DEX). For beginners, we recommend user-friendly centralized exchanges.

Security: Check for 2FA, cold storage, and insurance funds.

Fees: Compare trading and withdrawal fees. Use referral codes for discounts.

Volume: Higher volume means faster trades at better prices.

Supported coins: Make sure the coins you want to trade are listed.

Support: Check for language support and customer service quality.

1. Choose exchange: Select based on the criteria above. Sign up via referral link for fee discounts.

2. Create account: Register with email and password. Use a strong password.

3. KYC verification: Complete identity verification with ID. Required by most exchanges.

4. Enable 2FA: Set up two-factor authentication with Google Authenticator. Essential for security.

5. Deposit: Add fiat or crypto to start trading.

Market order: Executes immediately at current price. Fast but may get unfavorable prices.

Limit order: Set your desired price. Lower fees and better price control.

Start small: Begin with an amount you can afford to lose. Getting familiar with trading is key.

Dollar-cost averaging: Don't invest all at once. Spread your purchases over time.

Enable 2FA: Always set up two-factor authentication. App-based is safer than SMS.

Beware of phishing: Bookmark official URLs and never click email links.

Password management: Use unique strong passwords for each exchange.

Verify withdrawal addresses: Always double-check addresses. Wrong transfers are irreversible.

Use hardware wallets: Store large amounts in hardware wallets, not on exchanges.