The 8 Best Altcoin Exchanges In 2023: Reviewed & Compared

Founded in 2017, BitMart is a global cryptocurrency exchange that’s available in over 180 countries. It allows users to buy, sell, and store over 1,000 digital currencies and tokens. Tired of using a standard cryptocurrency exchange with high fees?

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. Delta Exchange is the fastest growing cryptocurrency derivatives exchange. We offer high liquidity on Bitcoin and AltCoin futures, have strong technology and strong customer and tech support.

Signing Up for a Cryptocurrency Exchange Account

One of the biggest benefits of trading on larger crypto exchanges is they get enough orders to match buyers and sellers without any difficulty. However, low liquidity can lead to substantial price fluctuations. 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. This alone entices many users who fear losing their crypto due to a security flaw in a company’s trading platform. Serious traders are encouraged to keep an independent cryptocurrency wallet to deposit any coins they aren’t actively trading.

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. Massive market movements attracted traders and investors to place more and more positions in altcoins in hopes of massive profits. But, it’s also important to consider deposit and withdrawal fees, possible account inactivity fees and spreads on top of this. This is because the exchange controls the private key to your wallet, which means you don’t have total control of your funds. And with exchanges sometimes falling victim to hackers, there is some degree of risk involved with leaving the private keys to your crypto in the hands of a centralized exchange. Buy directly from cryptocurrency dealers for simple and quick purchases.

Bitfinex Review

Facilitates the essential functions that other exchanges fail to provide. As a UK based company, security at Cex.io is very good and the majority of funds are held in cold storage. There is a good number of different altcoins that you buy on Cex.io, with new ones being added all the time. Another disadvantage of using Bitstamp is that their customer service can be really slow, with the team sometimes taking up to 3 days to reply. Although Bitstamp now has one of the best security systems available, the exchange has been hacked more than once, with the last time being in 2015.

Moreover, Kraken is one of the biggest exchanges in the industry so the trading spreads are relatively low for high-frequency altcoin traders. Altcoins can be directly purchased using one of the 7 supported fiat currencies that can be deposited into the user’s account with zero fees. Various payment methods are supported including SEPA, wire transfers, bank transfers, and SWIFT. Alternatively, users can use BTC, USDT, USDC, DAI, or DOT to buy altcoins. Almost all of the supported crypto that can be transferred into a Kraken wallet can be done so for free, however, some like ETH will incur a minor blockchain fee. When you put in an order to buy an altcoin, it will be matched with a sell order.

In this article, we list and rank the best decentralized crypto platforms. Altcoin trading on Gate.io can be performed in a variety of markets including spot, futures, margin, and ETF leveraged tokens. Another factor that makes eToro a worthy altcoin platform is Smart Portfolio. A Smart portfolio is a bundle of assets that users looking to diversify their altcoin investments. There are nine altcoin smart portfolios, including DeFi Portfolio, Crypto Portfolio, and Meta Portfolio, among others.

4.5/5 Full ReviewAvaTrade ExchangeCFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. However, because of the FTX collapse, more than half of our panelists (58.49%) believe that crypto exchanges should be regulated just as much as other financial trading platforms. Most crypto trading platforms have daily deposit and withdrawal limits.

Different Types of Altcoin Exchange

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• Credit card deposits may also incur additional fees from the card issuer.
• Notwithstanding any such relationship, no responsibility is accepted for the conduct of any third party nor the content or functionality of their websites or applications.
• A derivative is a class of financial contracts that derive their value from the performance of an underlying entity.
• Altcoin investors who are part of the popular investor program can earn a portion of the trading fee whenever the users invest in the program members’ copied assets.

You can pick a user to copy based on stats such as their percentage profit and risk tolerance. AltCoin Trader does not explicitly prohibit US-investors from trading on its exchange. Crypto options contracts are derivatives that let you speculate on the future of the underlying crypto like Bitcoin. Delta Exchange is an options trading exchange for BTC, ETH, SOL, BNB and 50+ altcoins.

Also, we checked each exchange’s customer relationship culture as well as the security features accessible on each. The transaction fees of the platform also played a vital role in our analysis. Lastly, we compared the volume and liquidity to verify the capacity of the exchange to fill orders effortlessly. While Shapeshift only supports exchanging between cryptocurrency, Changelly also supports exchanging EUR and USD between cryptocurrencies. Users have to undergo a verification to use this option and will also pay higher fees of 5% going to Changelly and 5% going to the payment processor. The transactions of fiat for cryptocurrency are fast taking approximately 10 to 30 minutes.

altcoin exchange reviews supports 184 different cryptocurrencies and over 500 trading pairs. Other exchanges still support most major market cap altcoins and both Coinbase and Gemini support dozens of altcoins. To fund your account, you can connect to your bank via wire or credit card. Alternatively, you can send cryptocurrency to your Coinbase wallet to fund your account. If you’re a beginner who wants to invest in cryptocurrencies, take a look at Coinbase.

Binance provides a set of professional tools to assist the trader including an order book, depth chart, and price chart. As a reminder, cryptocurrencies are speculative, complex, and involve significant risks. Please verify the nature of any product or service and consider your own circumstances before making any decision. Other green flags to look out for include the majority of user funds held in cold storage and a publicly available insurance policy for user deposits. The safest exchanges have stringent security measures like Know Your Customer registration, password protection and a 2-factor authentication option.

In this way, you can easily see clear crypto exchange rankings & what’s worth your time. Discover everything you need to know about best crypto exchanges & become an expert of the fastest growing industry. Depositing with a debit/credit will cost you 3.5%, but bank transfers are free! 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.

Derivatives where this underlying is a https://www.beaxy.com/currency or a cryptoasset, e.g. Trading of crypto derivatives does not entail actual buying or selling of bitcoins or any other crypto. The value of the crypto derivative contract changes with the change in price of the underlying cryptocurrency. Thus, trading crypto derivatives in an alternative way to get exposure to an underlying cryptoasset or cryptocurrency. With all the cryptocurrency exchanges to choose from, how do you know which one is right for you and which one can be trusted? In the following review, we delve deep into the aspects that make up this cryptocurrency exchange and see what sets AEX apart from the competition and whether or not they can be trusted.

The latter are mostly platforms, which are the intermediaries between the actual sellers and the buyers. 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.

Much like Binance, Coinbase altcoin listing also results in a “pumping effect” – allowing altcoin prices to grow exponentially within a short time. Coinbase supports over 250 altcoins such as EOS, ADA, TRX, and XMR, with new coins added regularly. Coinbase has a digital framework to list new altcoins, allowing day traders to invest in those assets the very next day. The user interface provided by Kraken is robust and contains multiple tools to get access to nuanced analytics about the altcoin market. Beginners who don’t need to view charting or real-time prices can simply use the Buy function to quickly purchase their altcoin of choice and have the assets transferred to their wallet. Whereas serious and professional traders will find the advanced charting platform on Kraken Pro to be highly appealing with its assortment of analytical tools and charting package.

• You have plenty of control over your assets too — deposit terms are flexible, meaning you can withdraw at any time.
• Discover everything you need to know about best crypto exchanges & become an expert of the fastest growing industry.
• The popular platform supports over 70 altcoins including UMA, Tezos, and Cardano on a visually intuitive platform.
• An altcoin exchange is somewhere you can buy, sell, or swap cryptocurrencies other than Bitcoin.
• The level of liquidity on an exchange affects the ease and speed with which you can complete trades.

These educational tools coupled with the exchange’s simple and intuitive user interface make Kraken an ideal place for those new to crypto. With its long industry track record, deep liquidity and a full suite of features for wherever you’re at in your crypto journey, Kraken is worth adding to your list. Kraken’s round-the-clock customer support staff is available to provide both crypto newbies and seasoned vets alike with help if they run into any snags. “Top ETC picks” are those we’ve evaluated to be best for specific product features or categories – you can read our full methodology here.

These products are not suitable for all clients, therefore please ensure you fully understand the risks and seek independent advice. 80% of retail investor accounts lose GAL money when trading CFDs with this provider. Find out how major crypto exchanges and brokers fared in our latest crypto trading platform awards.

Decentralized exchanges, for instance, don’t always allow users to deposit dollars and exchange them for crypto. This means you either have to already own crypto or use a centralized exchange to get crypto that you then use on a DEX. Decentralized crypto exchanges distribute responsibility for facilitating and verifying crypto trades. Anyone willing to join a DEX network can certify transactions, much like the way cryptocurrency blockchains work. This may help increase accountability and transparency as well as ensure an exchange can keep running, regardless of the state of the company that created it. The trading fees reflected for each brokerage or crypto exchange are the trading fees for the lowest volume of trade, using the most basic version of the platform.