How to choose an exchange for a novice novice in the currency circle

When newbies choose cryptocurrency exchanges, they should avoid the misunderstanding of blindly pursuing high returns, believing in recommendations, only looking at trading volume and greed for small gains. The evaluation criteria include: 1. Security: Check security records, measures and financial guarantees; 2. Compliance: Confirm whether to hold a license and comply with the law; 3. User experience: Assess the operating interface, transaction speed and customer service; 4. Transaction fees: Understand handling fees and withdrawal fees; 5. Currency selection: Confirm whether the supported currencies are abundant; 6. Liquidity: Check the depth of transactions; 7. Other factors: Consider word of mouth, community and innovation. Recommended exchanges for beginners to use Coinbase, Binance, Kraken, Ouyi and Sesame.

For newbies who are new to the currency circle, choosing a suitable cryptocurrency exchange is a crucial first step. A good exchange can not only provide a convenient trading experience, but also ensure the safety of your funds. However, there are many exchanges on the market, and the quality is uneven, so novices are easily trapped in the selection dilemma. This article will provide you with a detailed guide to avoid pits, helping you choose the right exchange for you and set sail safely.

Important tips: cryptocurrency investment is extremely risky, so please be sure to invest with caution on the basis of fully understanding the relevant knowledge. This article is for information reference only and does not constitute any investment advice.

1. Common misunderstandings for novices to choose exchanges

• Blindly pursue high returns: Many novices are easily attracted by high returns promises and choose some unknown small platforms, but they often lose all their money.
• Believe in others' recommendations: Believe in recommendations from friends or online KOLs, and do not conduct your own investigation and research, and find that it is not suitable for you.
• Just look at the trading volume: I believe that exchanges with large trading volumes must be safe and reliable, and ignore other important factors.
• Greed for small gains: In order to save handling fees, choose some exchanges with poor security, and eventually lose the big picture due to small gains.

Mainstream Bitcoin Exchanges in 2025:

Ouyi official website:

Binance official website:

gate.io official website:

bitget official website:

Sesame Open Door Official Website:

2. Evaluation criteria for novices to choose exchanges

1. Security:

• Security Record: Find out whether the exchange has had security incidents, such as theft, data breach, etc.
• Security measures: Understand what security measures the exchange has taken, such as cold storage, multi-signature, two-factor verification, etc.
• User fund protection: Understand whether the exchange has user fund protection mechanisms, such as insurance funds, compensation plans, etc.

2. Compliance:

• Whether to hold a relevant license: Find out whether the exchange holds a relevant financial license, such as the US MSB license, Singapore MAS license, etc.
• Whether to comply with local laws and regulations: Understand whether the exchange complies with laws and regulations of the country or region.

3. User experience:

• Operation interface: Is the exchange's operation interface simple, intuitive and easy to use.
• Trading speed: Whether the trading speed of the exchange is smooth and whether it is easy to complete the transaction.
• Customer Service: Whether the exchange provides timely and effective customer service, such as online customer service, email support, telephone support, etc.

4. Transaction fees:

• Processing Fee: Understand the transaction fees of the exchange. The handling fees of different transaction pairs may vary.
• Withdrawal fee: Understand the withdrawal fee of the exchange. The withdrawal fee of different currencies may vary.

5. Currency selection:

• Supported currencies: Find out whether the types of currencies supported by the exchange are rich and whether they include the currencies you are interested in.

6. Liquidity:

• Trading depth: Understand whether the trading depth of the exchange is good and whether the transaction is easy to complete.

7. Other factors:

• Reputation: Understand other users’ evaluations of the exchange.
• Community: Find out if the exchange has an active community and can get help and exchange information.
• Innovation: Understand whether the exchange continues to launch new products and services.

3. Newbie recommendation exchange

Based on the above evaluation criteria, the following are some exchanges suitable for beginners (for reference only):

• Coinbase: Known for its security, ease of use and compliance, it is suitable for users with high security requirements.
• Binance: One of the world's largest digital asset trading platforms, providing a wide range of trading pairs and a variety of trading services.
• Kraken: Known for its security, transparency and customer service, it is suitable for users who have a certain understanding of trading tools.
• OKX: It has advantages in derivative trading, and also provides a variety of services such as spot trading.
• Sesame Open Door (KuCoin): It is known for its fast launch of new coins and active community activities

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