From Ethereum to bitcoin, there are tons of cryptocurrency options to get started with. However, the variety can be quite overwhelming for a beginner. But since cryptocurrency is legal in France, many assume it might be easier too.
This is not the case. Buying bitcoins in France is subject to stricter regulations than in any other country. That’s why it’s important to understand the laws before you start. Always start gradually and then increase your trading pace. As a beginner, the best advice is never to be in a hurry.
Top Crypto Exchange in France:
Here are the top 3 crypto exchanges in France most chosen in the country. If you’re from France, consider these options.
Coinbase is a huge broker and is considered one of the most beginner-friendly platforms for trading cryptocurrencies. It is smooth and fast to use. Beginners will find it easier to invest in bitcoin through CoinBase.
The site supports more than 30 countries, making it compatible for worldwide use. You can also trade currencies such as Tether, Bitcoin, USD Coin, BNB, and Altcoin. The platform is extremely secure for all types of transactions. You have absolutely nothing to worry about when you start your trading journey with Coin Bae.
Capital city :
Capital is another platform that allows you to trade different currencies from all over the world, including in France. From Bitcoin to Ripple and Ethereum to TRON, there is a wide variety of currencies to get you started.
The desktop platform is also extremely user-friendly and easy to pick up. It’s not complicated for beginners, making it a great choice for almost anyone. This application is also very popular on IOS and Android smartphones.
Crypto is one of the leading exchanges not only in France but worldwide. It is functional in 90 countries and also offers you a wide range of more than 250 currencies to trade. You can easily use your bank transfers on the platform as well as your debit/credit cards.
It has a set of unique features that set it apart. Traders are allowed to trade future contacts and consider other options as well. You can also earn interest by wagering coins. In addition, registration on the platform is free. The only downside is that the platform is not as user-friendly as the others.
In France, these are the top 3 crypto exchanges currently dominating the industry. They are very reliable and reputable. They offer traders a wide variety of currencies. They’re also easy to use, making them a considerable option for beginners as everything is well streamlined.
The best cryptocurrencies to invest in:
As a beginner, choosing a currency to invest in seems quite complicated. It is important to know what the best currency is. That’s why it’s crucial to research and gain knowledge before you start. Here are some of the best cryptocurrencies you can invest in.
Bitcoin was created in 2009 and since then it has become the main currency in which traders invest. It is also one of the safest currencies to trade. It is safe from scammers and that is why people generally prefer this currency. The growth of this particular currency has been huge, about 7800%.
Ether is a favorite of program developers and traders. It has a lot of potential, which makes it one of the best cryptocurrencies. It has also experienced tremendous growth in recent years and is sure to continue to grow, according to experts.
Tether is one of the most stable coins as it is backed by flat currencies such as the Euro and the US Dollar. It is quite consistent in the cryptocurrency industry and widely acclaimed by investors.
There are many other options for beginners. However, it is crucial to understand them thoroughly to confirm that you are starting in the right direction. XRP, Terra, Binance coin and Cardano are also great options to consider to start your journey in the cryptocurrency industry.
THE BACK LINE:
France is one of the first countries to legalize cryptocurrencies. It is legal to exchange all types of currencies. However, many rules apply. It is equally important to learn about these regulations to ensure you comply with them.
As a beginner, we strongly recommend that you study different currencies and different trading styles to define and learn from your strategies.