With the number of crypto millionaires on the rise, fear of missing out is driving bigger audiences to the world of crypto trading. However, users will need to choose a crypto exchange that facilitates trading in digital tokens like BTC, ETH, DOGE, LTC, and more to get in on the action.
Currently, there are hundreds of crypto exchanges, both centralized and decentralized. Each comes with its benefits and drawbacks; some are highly regulated while others aren’t. Then again, some list hundreds of cryptocurrencies while others offer just a handful. Selecting the right crypto exchange from a slew of promising platforms can be overwhelming, especially for those just venturing into the volatile world of digital assets.
A beginner choosing their first crypto trading platform should be extremely clear about individual requirements and preferences. For instance, a user might want to opt for a platform that offers an intuitive user experience (UX), guarantees the security of funds, has a rich performance history, is geographically available, and most importantly, follows region-specific KYC and AML policies.
Here are three of the most prominent global crypto exchanges that are extremely beginner-friendly and operate globally.
One of the largest and most dominant crypto exchanges in the Asia-Pacific, AAX or Atom Assets Exchange, is a privately-held digital asset exchange and the world’s first cryptocurrency exchange to be powered by LSEG Technology’s Millennium Exchange. This is the same technology that powers the London Stock Exchange, Borsa Italiana, and Oslo Stock Exchange. It is also the first crypto exchange to join the London Stock Exchange Group’s (LSEG) Partner Platform.
Launched in 2019, AAX is purposefully designed with the needs of retail investors in mind, all while lowering entry barriers. The platform offers advanced trading features, including crypto spot trading, futures contract exchange, crypto savings interest accounts with up to 60% APY, P2P trading, cash to crypto conversion for over 20 cryptocurrencies, BTC and USDT settled contracts, and DeFi mining.
As a leading crypto exchange, AAX offers state-of-the-art security paired with an extraordinarily intuitive UX and zero trading fees, making it one of the most preferred choices for beginners. Using LSEG technology, AAX also allows traders to fill orders instantly and obtain the best execution price.
When it comes to security, AAX has implemented several security measures to safeguard user data and funds, all of which comply with the Cryptocurrency Security Standard (CCSS). Besides the website, AAX users can also download the mobile app and set up a mandatory 2FA to start using their account. AAX also has its native token, AAB, an ERC-20-based token that helps users unlock additional benefits like optional trading signals, airdrops, trading bots, and discounts on trading fees.
With up to 100x leverage on selected trading pairs, a wide range of advanced trading tools, a risk-free test environment to learn the basics of trading, and a massive library of educational resources, Bybit currently supports more than 2 million registered users. The platform also offers top-notch security, the lowest trading fees, and zero-downtime commitment while maintaining an easy-to-use and user-friendly interface.
Unlike traditional cryptocurrency exchanges, Bybit offers an advanced charting platform for helping traders engage in leveraged trading. Aside from supporting buy and sell activities using cryptocurrencies and stablecoins as collateral, Bybit offers many additional features. These include a highly intuitive mobile app, support for market, limit, and conditional orders, an insurance fund to protect trader’s investments, fast order matching speeds of up to 100,000 transactions per second (TPS), and no charges on deposits. Other than this, Bybit also allows users to earn additional income through its referral and affiliate programs.
In essence, Bybit is a user-friendly platform, catering to both beginner and experienced traders, allowing easy switching between wallets, account management, futures market access, and other valuable embedded features.
Operational since March 2020, CoinZoom, is a US-based cryptocurrency exchange that is fully regulated and licensed with financial regulators of several jurisdictions. The platform is registered as a Money Services Business with FinCen in the US. Additionally, all CoinZoom subsidiaries also have specific US Money Transmitter Licenses and the organization carries a Digital Currency Exchange license in Australia.
When it comes to trading, CoinZoom offers its users access to more than 120 trading markets while allowing them to deposit fiat in their CoinZoom wallet via ACH, Wire Transfer, and debit or credit cards. The platform supports fiat-to-crypto conversion, thus allowing beginners to get started on their journey into the promising crypto market.
CoinZoom also offers three additional products designed to help accelerate the mainstream adoption of cryptocurrencies:
- The ZoomMe feature allows CoinZoom users to send both fiat and cryptocurrencies to their friends and families anywhere in the world without paying any fee.
- Five different CoinZoom Visa Cards help users to spend over 40 different cryptocurrencies across 53 million global merchant stores while offering cashback and rewards.
- CoinZoom also offers a crypto savings interest product called Earn, allowing users to earn as high as 10% APY. VIP users can yield up to 20% additional bonus interest on over 40 cryptocurrency pairs and USD deposits.
CoinZoom offers a range of crypto-centric services for seasoned traders and crypto novices in over 192 countries, thus cementing itself as more than just an exchange. Additionally, it has competitive trading fees, which can be reduced further using ZOOM tokens, the platform’s native currency.