Top Trading Platforms for Altcoin Investing

Using this definition as a framework, you will agree that sites like Bittrex fall under this category. Each year, we conduct an extensive review of the crypto exchanges, trading platforms and apps available in the US. To arrive at these picks, we evaluated more than 25 platforms on user experience, fees, payment methods, selection of coins and more. Overall, Gate.io is not likely to be the obvious first choice for many altcoin investors and traders.

You will have to deposit at least $25, once you’ve taken a few minutes to sign up and complete the verification, and there is a range of accepted payment methods. A 1.49% premium is included in the prices you see on the exchange, and you can purchase as little as $1.50 or €1 worth of each altcoin. If you’re keen to develop your understanding of altcoins and crypto topics, the platform provides a wealth of educational resources to help you do just that. You can even earn some altcoins for free during Coinbase’s regular learn and earn campaigns.

Deposit fees

Chances are that you might encounter one or two problems while using the platform’s facilities, and would need to engage with the customer service. You will agree that the speed at which the platform will resolve your queries depends on the representative’s ability to understand your plight. We always advise that crypto practitioners choose altcoin exchanges that offer customer services in a wide range of languages, or one that is built for traders in your region. Chances are that you have heard of the investment benefits of trading or owning cryptocurrencies. Or you are quite conversant with the bitcoin market, and you are ready to add one or two altcoins to the mix. If this sounds like you, then this comprehensive review on altcoin exchanges is for you.

Other significant altcoin excange reviews include Litecoin , Bitcoin Gold , and Stellar . Users with amounts of FOX will be able to access extra membership features going forward but these are not yet available. However, for traders who prefer to purchase assets via Altcoin Exchanges, here are some of the best alternatives. Our guide on common Bitcoin scams has helpful information on how to detect a Bitcoin scam and ways on how you can avoid it. Using our checklist can also help you identify if a particular cryptocurrency website is a scam or not. I am looking for someone real to help me invest with quick earnings and reinvestment.

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Pretty much every crypto exchange nowadays qualifies as an altcoin exchange, but they vary in the number of altcoins they offer and how advanced the trading features they provide are. Binance, OKX, and KuCoin have the lowest crypto exchange fees by a considerably large margin when compared to exchanges like Coinbase. There is no clear winner of these three as the trading fees for each crypto trading platform are so ADA low and are neck and neck, varying by fractions of a percentage. Kraken is also better suited for US-based investors and would have to be my #1 pick for the best cryptocurrency exchange in the USA. You can learn more about these exchanges in our dedicated Kraken and SwissBorg reviews. We checked the legality of the platform that made it on our altcoin exchange list and picked the ones that offer wide coverage to crypto practitioners from different locations.

Any trading history presented is less than 5 years old unless otherwise stated and may not suffice as a basis for investment decisions. Platforms such as Binance and OKX support margin and derivatives trading, as well as products for earning interest, like staking and savings accounts. You may decide that you want access to a more specific feature, like eToro’s CopyTrader. An altcoin broker acts as an intermediary between traders and the crypto market, and the broker sets the price. Users, therefore, tradewiththe brokerage, rather than with other traders.

Check out other top ranking exchanges:

However, if you want to use your bank account then you will need to provide additional details such as your address. Unfortunately, Kraken doesn’t allow you to fund your account with a debit or credit card, however, you can use a bank account if you are living in Canada, Japan, the U.S. or in most parts of the E.U. One of the main reasons that people love Coinbase is because they allow you to deposit using a debit/credit card or a bank account. In terms of the platform itself, although there are lots of tools available for advanced users, the exchange is really simple to use, making it perfect for first-time buyers. You are allowed to make up to 30 bank account withdrawals and 10 Bitcoin or Ethereum withdraws for free each month. Trading fees start at 0.25%, however, when you start trading with larger amounts, these fees are reduced.

Whilst the number is not as exhaustive as Binance or Gate.io, the majority of the more popular altcoins like SOL, HEX, DOT, SHIB, AVAX, and MATIC are offered. Crypto.com may not be suitable for altcoins traders looking for more exotic coins. One of the significant advantages of Crypto.com is the ability for investors and traders to purchase altcoins at their true cost using a debit card which will be available to users in many countries. Unlike the other exchanges on this list, eToro doesn’t offer spot trading for altcoins where cash can be directly exchanged. Instead, beginners who are starting to build their altcoin portfolios can acquire them using its popular social trading feature.

There is a 0.01% to 0.02% fee applied for opening a position with margin and 0.01% to 0.02% is also charged every four hours depending on what product is being traded. This can add up if the user is taking a long position with margin but for intraday trading, these fees are very low. Frank Corva is a cryptocurrency writer and analyst for digital assets at Finder.

altcoin excange reviews is also a premier destination for Bitcoin and altcoin margin trading. We offer tight spreads and high liquidity on Bitcoin and other altcoins for leveraged crypto trading with margin. Our Bitcoin prices and prices on other cryptocurrency futures are highly competitive and the best in the market. If you are interested in seeing Bitcoin quotes or other futures do check out our crypto trading fee section. The AEX cryptocurrency exchange has some of the lowest fees in the entire industry with trading fees as low as 0.05% per trade.

To break these down a little further, I would say OkCoin is the best in terms of overall beginner-friendliness with the best UI/UX and has the best Earn feature to earn passive income on your crypto. So, without further ado, let’s crack on and look at our best-rated cryptocurrency exchange list. It has been active since 2015, which is a very large time in the cryptocurrency industry. Bitfinex offers a suite of order types to give traders the tools they need for every scenario.

Advanced chart tools

Certain platforms only allow you to trade through a web browser, but some have mobile apps. If trading on the go is important to you, it’s worth reading up on whether or not the exchange has a mobile app and how easy it is to use. When deciding on the best crypto trading platform for your needs, think about what you plan on using it for. It’s quite common to use multiple exchanges to benefit from their different areas of specialty, like using one for its range of coins and another for access to NFTs or staking rewards. Decentralized exchanges follow in the spirit of Bitcoin by operating with no central point of control. Servers for this type of exchange are spread throughout computers located across the world, which means if one computer is attacked, the network keeps running.

The prices of altcoins on exchanges are GMT decided by the balance of buyers and sellers that are trading them. Based on these considerations, we believe the best altcoin exchange is eToro, which is easy to use and has competitive fees, a range of free deposit options, and unique social trading features. If you only purchase a small amount of altcoins or want to make regular trades with them, you may find it most convenient to store them in the free web wallets that most exchanges provide.

• The largest altcoin by market capitalisation for most of 2018, Ethereum, rose from around $8 at the start of the year to above $1400 at one point.
• Overall, Coinbase is a great altcoin exchange, allowing both novice and veteran investors to buy and trade altcoins, or earn interest on them.
• The platform uses a maker and taker fee structure with costs of 0.16% and 0.26%, respectively.
• You can add any altcoins that interest you to your watchlist to keep up with their market performance and set up price alerts.

EToro provides multiple options for investors to obtain altcoins including debit/credit cards, wire transfers, Skrill, and Neteller. It is one of the few altcoin exchanges that allow users to invest using PayPal. Binance is one of the largest cryptocurrency exchanges in the world. It is better suited to more experienced investors and it offers a large number of cryptocurrencies to choose from, at over 600. Binance is also known for having low trading fees and a multiple of trading options that its users can benefit from, such as; peer-to-peer trading, margin trading and spot trading.

Not all exchanges are available in the USA, some only operate in certain states. Exchanges should provide additional lines of defense, such as two-factor authentication and Bitcoin locks, to help against hackers. Binance has hundreds of cryptos to choose from, that sealed the deal for me. All in one place, just have to put in the effort to resaerch before investing. And while some are perfect for beginners, others are good if you’re looking to trade anonymously.

For some exchanges, it can take up to 2–3 business days while others are near-instant. If you purchase your asset in the spot market, you can set the price that you want to pay and then wait for your order to be filled. For example, if you are willing to pay US$21,000 for 1 BTC, then you can set a limit order to buy BTC at that price in hopes that someone is willing to sell it to you at that price.

Withdrawal fees depend on which currency and payment method you use — click this link here to view the structure. Trading fees are quite expensive at Cex.io, as you will need to pay 7% on top of the current market price. During their first two years of trading, they were both an exchange and a mining pool. However, since 2015, they have been 100% focused on their trading platform, let’s explore if CEX has the potential to be called the best altcoin exchange. They also have a good customer service department, which includes a live chat facility for instant assistance. Furthermore, although the exchange has lots of trading tools, such as charts and graphs, the actual platform is really user-friendly.

• When deciding on the best crypto trading platform for your needs, think about what you plan on using it for.
• A crypto options contract is a derivative instrument where the buyer or the holder isn’t obligated to execute the trade.
• Find a platform that secures access to your account through features such as encryption and two-factor authentication.
• Kraken’s professional-grade trading platform, Kraken Pro, is our pick for the best low-fee exchange because it charges some of the lowest fees in the crypto exchange landscape.
• Frank Corva is a cryptocurrency writer and analyst for digital assets at Finder.

We first tested every altcoin exchange individually and then analysed them against each other highlighting the good and bad points for each. These were then individually added in the pros and cons sections for each exchange. Hit the “Deposit Funds” button and enter how much you want to deposit. Use the dropdown lists to select your local currency and preferred payment method. Fill in any payment details requested then simply click “Deposit” to transfer the funds.

Some https://www.beaxy.com/ enthusiasts object to centralized exchanges because they go against the decentralized ethos of cryptocurrency. Even worse in the eyes of some crypto users, the company or organization may require users to follow Know Your Customer rules. These require each user to divulge their identity, much as you would when you apply for a bank account, to combat money laundering and fraud.