Step 1
Open your first exchange account — with the bonus attached
Pick one exchange from the shortlist on this page and sign up through it — the referral code applies automatically, so the welcome offer is attached from day one at no extra cost. For a first account I'd point most beginners at Binance for familiarity, or Bybit if you want the busiest Launchpool calendar for step 2.
Pick My First ExchangeStep 2
Don't buy random coins — farm Launchpool-style events first
This is how I'd actually make the first money: exchanges regularly run Launchpool and PoolX events where you stake USDT or major coins for a fixed window and collect new-token rewards. I've farmed Bybit Launchpool and Bitget PoolX with my own money — good events have paid double-digit APRs, though rates swing and nothing is guaranteed. It's the rare beginner move that doesn't depend on picking the right coin.
How Much Launchpool Really PaysStep 3
Only then decide if you want to trade
Trading is where the big numbers live — and where beginners donate money. I trade full time and still take real losses; if you skip trading entirely and just farm events plus bonuses, you're already ahead of most first-year beginners. When you're ready to compare venues properly, the full table below covers all seven.
Compare All 7 Exchanges