Best Crypto Trading Tools for Crypto Newbies

According to the latest market overviews from Forbes, now there are nearly 600 crypto exchanges worldwide. No wonder newbies get lost when they try to find the best place to trade crypto. These days, when all eyes are on the crypto crash and investors doubt whether they’ll get over it, you have a great chance to buy the best crypto staking coins at the lowest possible price. The list below will give you a better idea of what are the best crypto apps and how to choose them.

Best crypto trading platforms in 2022 – what should you know before signing up?

Before choosing decent crypto trading tools, it’s essential to consider several criteria in detail.

  • Fees: All the fees you’ll get charged can be divided into two groups: trading and withdrawal fees. Trading fees are usually a fiat percentage of the amount you exchange. The term withdrawal fees speaks for itself – it’s the money you pay to withdraw crypto from your digital wallet. They typically vary depending on the crypto asset. Some cryptocurrency platforms don’t charge such fees or have great offers allowing you to save cash on withdrawals.
  • Security: Of course, the most basic thing you can do is to check whether the platform you’re depositing your crypto to is licensed. Also, to secure your income, you can distribute your investments among several platforms. For even much better security practices, try cold staking. Your coins will be stored in your own offline wallet, so hackers won’t be able to access it.
  • Available assets: It’s okay to use a provider that only offers a few coins, but you will immediately see the difference when you sign up on a platform with over a hundred tokens available.
  • Accessibility: While you’re using the website in your country, it doesn’t mean you’ll be able to perform financial transactions. Check the platform’s Help Center to confirm that legal and tax issues are settled in your country.

Other factors worth considering while looking for the best place to trade crypto are user experience, platform’s transparency, transaction history, features, crypto analysis tools, and community.

Best crypto app for beginners – top three platforms in 2022

As a beginner, you should look out for a platform that’s not just an exchange, but a community with multiple earning and learning possibilities. Check out the list below with the most secure and comprehensive cryptocurrency services in 2022.

Crypto.com

This platform has an extensive ecosystem with its own blockchain and a native token CRO. It also offers a crypto visa card, but the greatest benefit of Crypto.com is its mobile app. Compared to many crypto mobile apps remind a watery version of the website, Crypto.com managed to create an app with a wide set of features to earn on the go.

Coinbase

With a large number of supported assets (150+), a user-friendly interface, and a wide range of features, Coinbase decentralized exchange definitely deserves to be on the list. A significant drawback of this platform is fees that range up to 0.60% depending on the trading volume.

MyCointainer

With over 140 assets, the number of which is continually growing, and a wide range of features, MyCointainer is one of the best platforms on the market. It’s a secure, licensed platform with a beginner-friendly interface for both a desktop version and a mobile app. The only visible drawback is probably that it’s not that well-known yet. It’s been on the market since Nov 2018 but has already positioned itself along with other popular crypto tools. 

MyCointainer crypto staking platform gives beginners an opportunity to earn crypto for free – you can participate in giveaways and airdrops, get free tokens for referrals and earn crypto cashback. Let’s be honest, you won’t make a fortune like this, but it can be a great way to start generating some profit. And in case you are interested in economizing MyCointainer offers a Power Subscription that gives you a chance to skip trading and withdrawal fees.

Conclusion

Navigating the ocean of crypto platforms becomes harder every day, especially for traders with minimum experience. Luckily, there is a bundle of crypto trading tools that can simplify crypto exchange and even let us earn rewards. Be mindful when choosing a platform and make sure it suits your goals.

Content writer by profession. A crypto lover and has passion for writing. Follows the developments of digital currency right from its launch, years ago.