8 Best Altcoin Exchanges
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The list of these alternative cryptocurrencies is on the rise, and so is the number of altcoin exchanges that enable users to buy, trade, and sell them. To help with the selection process, we review and compare the best altcoin exchanges and their key features. By learning bout each of them in this comparison, users can decide which altcoin exchange is the most suitable to choose.
Best Altcoin Exchanges For 2023
- Binance (best overall altcoin exchange with low fees)
- Coinbase (best altcoin exchange for beginners to use)
- Kraken (best altcoin platform for USA traders)
- eToro (best platform to copy-trade altcoins)
- Kucoin (best for selection of altcoin trading pairs)
- Crypto.com (best mobile app for buying altcoins)
- Huobi (best all-round altcoin exchange)
- Gate.io (best for exotic altcoins)
List of Top Altcoin Exchanges Compared
Below is the comparison list of top altcoin exchanges that we review in this guide. The parameters considered during the review are the number of crypto assets listed, the trading fees, the ease of use, and the security.
|Exchange||Crypto Assets||Trading Fees||Rating||Promotion||Website||Review|
|600+||0% to 0.1%|
|Up to $100 welcome bonus||Visit Binance||Binance Review|
|222||0.16% (maker) and 0.26% (taker)|
|None available at this time||Visit Kraken||Kraken Review|
|250+||0.4% (maker), 0.6% (taker)|
|$5 BTC bonus (USA only)||Visit Coinbase||Coinbase Review|
|None available at this time||Visit eToro|
eToro USA LLC; Investments are subject to market risk, including the possible loss of principal. Archived, "Virtual currencies are highly volatile. Your capital is at risk."
|Up to 500 USDT in bonuses||Visit KuCoin||KuCoin Review|
|None available at this time||Visit Crypto.com||Crypto.com Review|
|None available at this time||Visit Huobi||Huobi Review|
|991||0% to 0.2%|
|None available at this time||Visit Gate.io||Gate.io Review|
List of the Top Altcoin Exchanges: 2023 Reviews
1. Binance - Overall Best Altcoin Trading Exchange
Binance is the world's leading cryptocurrency exchange, with over 600 altcoins listed and a customer base of over 90 million users. Launched in 2017, Binance has a reputation as the world's most favored altcoin exchange for many reasons. Binance is ranked #1 for global trading volume and liquidity across its spot and derivatives markets. This is one of the major reasons Binance is an attractive marketplace for short-term trading to profit from altcoin price movements. Moreover, new users are entitled to get up to a $100 sign-up bonus when using a Binance referral code.
One of the biggest reasons is the “Binance pumping effect”. It is a term popularized in the bull market that refers to the massive uptick in altcoin's price when it is listed on Binance. Altcoins have surged in value by up to 1000x and sometimes even more within a few minutes of being listed on Binance. This crypto trading platform has been sought after by most altcoin developers, who are even willing to delay the listing process for Binance to take notice.
As one of the best cryptocurrency exchanges, Binance is also regarded as the biggest altcoin exchange. The reason is the support it provides for altcoins. Binance is generally the first cryptocurrency platform to list altcoins after launch. It later lists most of them in isolated margin pairs – allowing crypto investors to trade these altcoins on leverage.
Binance is also one of the best exchanges to earn benefits on altcoins, offering passive rewards for more than 100 altcoins. Seasoned investors can stake their tokens through DeFi staking or locked staking. More frugal investors who are looking for safer investment options can choose Binance savings, where they can earn interest on altcoins through a fixed or flexible savings account.
Altcoin investors and traders should take a lot of confidence from Binance's world-class security infrastructure and technologies. The exchange implements multiple layers of bank-like security measures including the cold storage of assets in geographically secure locations, 2-Factor Authentication (2FA), data encryption, and whitelisting.
Another reason that Binance is considered to be the best by many investors is its low trading fees. Binance charges maximum maker and taker fees of 0.1% and 0.1%, respectively – among the lowest of all crypto exchanges. Altcoin investors can reduce their trading fees further by buying Binance Coin (BNB) and holding it in their account wallets. For example, if between 25 and 100 BNB are held then the reduced maker and taker fees are reduced to 0.09% and 0.1%, respectively.
The only potential downside of Binance is its fairly complicated-looking user interface and trading terminal which may be difficult to use for absolute beginners. The platform attempts to bridge the experience gap with a well-designed library of easy-to-read articles. Moreover, Altcoin investors and traders residing in the United States of America (USA) may wish to seek an alternative altcoin exchange. Binance's sister platform, Binance.US, only supports around 100 altcoins for purchasing, trading, and selling.
Related: Binance.US review: Features, Pros and Cons
Overall, Binance is the best exchange to buy altcoins and is likely the first choice for many. Apart from the astounding number of altcoins to buy, trade, and sell, the exchange offers premium security and a wealth of supporting features where altcoin enthusiasts can stretch their altcoin holdings further. For more information, read our full Binance review.
- High volume and liquidity exchange that supports over 600 altcoins.
- World leader is the listing of new altcoins.
- Competitive spot trading fees that can be reduced.
- Ample features to get the best out of altcoins including staking and interest-earning accounts.
- Limited selection of altcoins for traders using Binance.US.
- The user interface may be a bit complicated for beginners.
2. Kraken - Best Altcoin Trading Exchange For USA
Kraken is a top altcoin exchange that has established its foothold in the market by providing deep liquidity, competitive fees, market support, and a professional trading terminal. Launched in 2011, it is one of the few cryptocurrency exchanges that are available to US traders. Despite being a long-standing crypto trading platform, Kraken only offers a moderate list of 195 altcoins that can be bought or traded at the time of writing. This is the far cry from its rivals including Binance and KuCoin where hundreds more altcoins are available to choose from.
Altcoins can be directly purchased using one of the 7 supported fiat currencies (USD, EUR, GBP, CAD, CHF, AUD, and JPY) 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.
Kraken is comparable to most of the altcoin exchanges listed here regarding fees. The platform uses a maker and taker fee structure with costs of 0.16% and 0.26%, respectively. Whilst the fees are not the cheapest in the industry, they are very competitive and particularly for one of the few altcoin exchanges in the USA.
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.
Whilst Kraken does not currently offer interest-earning wallets, the platform is one of the better crypto staking options available to US investors and blockchain enthusiasts. At the time of writing, 16 digital assets such as DOT, ATOM, ADA< SOL, and MATIC can be staked to accumulate passive rewards that are paid out bi-weekly. Reward yields range from 1% to 23%. Compared to other platforms Like Binance, the staking module on Kraken is very user-friendly and it is clear that the interface has been designed with beginners in mind.
Kraken provides investors, including those residing in the USA, with a serviceable altcoin trading experience. Whilst it doesn't offer a large range of altcoins, the user experience is simple and visually pleasing which makes it ideal for newcomers to the crypto investment space. Moreover, Kraken is one of the biggest exchanges in the industry so the trading spreads are relatively low for high-frequency altcoin traders.
- US licenced and reputable exchange with a strong security focus
- Competitive fees starting from 0.16% and 0.26% for maker and limit orders
- Variety of payment methods to fund an account with fiat currency
- Advanced trading platform to speculate on altcoins with modern charting tools
- Overall trading experience may be too complicated for first time users
- Fees to buy altcoins with cash is above market rates
3. Coinbase - Best Altcoin Exchange For Beginners
Coinbase is one of the most user-friendly cryptocurrency platforms in the world. 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.
Coinbase allows investors to buy altcoins using fiat currencies such as USD, CAD, EUR, and GBP. However, it charges a high deposit fee of 3.99%. There is a cheaper, 1.45% fee costing option available, known as the ACH transfer. But it has been found that transaction speeds are sometimes slow. Therefore, most altcoin traders only use crypto assets to trade on Coinbase, much like Binance.
Coinbase is a versatile crypto exchange providing multiple features for both individual and institutional altcoin traders. Features that will benefit altcoin investors and traders include:
- A wide range of wallet financing options such as bank transfers, EPA payments, wire transfers, PayPal, credit cards, and Faster Payments.
- Staking for a limited selection of altcoins where Annual Percentage Yields (APY) of up to 5% can be passively earned.
- A 'Learn and Earn' feature where beginners can complete educational programs to earn altcoins.
- A non-custodial wallet, Coinbase Wallet, can store multiple altcoins as well as dapps, and NFTs.
The standard Coinbase interface is highly suitable for beginner altcoin investors who prefer a buy and HODL strategy. For advanced users with an extensive background, the Coinbase Pro Exchange will be appealing. Traders can take advantage of Coinbase's significant liquidity and lower maker and taker fees to make for an economical trading experience. The interface provides real-time charting and access to advanced tools such as moving averages to analyze the price action.
The fees to buy altcoins on Coinbase follow a maker and taker that start from 0.5% and 0.5%, respectively. Coinbase fees are not as competitive compared to the other altcoin exchanges on this list which is one of its main drawbacks.
Overall, Coinbase is a great altcoin exchange, allowing both novice and veteran investors to buy and trade altcoins, or earn interest on them. While the deposit fee is on the higher side, Coinbase makes up for it by allowing users to invest in altcoins if they have as little as $2 in their Coinbase accounts. Read our Coinbase review for more information.
- One of the safest altcoin exchanges in the world that is listed on the NASDAQ
- Global leader in altcoin liquidity and trading volume (behind Binance)
- Intuitive and beginner-friendly exchange and mobile app to buy altcoins with fiat, Bitcoin and stablecoins
- Regulated exchange in the United States (and 200 other countries worldwide)
- Does not have an extensive range of features (e.g. staking, earn interest) to maximize altcoin investment
- Trading fees to buy altcoins with fiat and crypto are higher than average
- Customer support can be lacking with long response times
Launched in 2007, eToro is a well-established social trading platform that supports a wide variety of assets including cryptocurrencies, stocks, and forex. The popular platform supports over 70 altcoins including UMA, Tezos, and Cardano on a visually intuitive platform. 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.
There are no deposit fees to trade altcoins as long as they investor top-ups of their eToro portfolio with USD. US and UK users can start investing in altcoins with as little as $10 in their accounts. Regarding trading fees, eToro charges 1% per trade which is quite expensive compared to similar altcoin exchanges.
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. The benefit of this is that investors can see which altcoins are being traded by other eToro users with high yields.
eToro's social and copy trading platform allows investors to simulate the investment strategies of successful crypto traders on the platform. Users can browse a range of traders who frequently yield high Returns On Investment (ROI), follow them, and ultimately choose them to mirror top altcoin traders' positions. 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.
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. This takes out the guesswork and allows altcoin traders to buy a selection of 49 altcoins in a single trade.
eToro also offers altcoin staking, however, it is limited to three altcoins comprising Tron, Ethereum, and Cardano. Overall, its altcoin staking features are limited, less robust, and not as lucrative compared to other altcoin platforms on this list. Moreover, there is a 25% commission on altcoin staking rewards. For a list of the best staking platforms with a better selection of altcoins to stake, read this article.
eToro is highly regulated by various government bodies around the world including the Financial Conduct Authority (FCA), Securities and Exchange Commission (SEC), and Australian Securities and Investments Commission (ASIC) to operate as a crypto platform for Australians. This means that eToro is required to adhere to strict procedures in order to safeguard customer funds and assets as well as maintain the integrity of its digital infrastructure. In addition to regulations, eToro also implements industry-standard security measures to secure assets, such as 2FA, SSL encryption, and storage of assets in tier-1 banks. eToro also provides a free insurance policy to account holders.
Investors who wish to learn about altcoins or other crypto assets can also use eToro learn, a collection of blogs and videos about investment and trading. With eToro Plus, users can get a summary of the latest market trends in altcoins. Overall, eToro is a great altcoin exchange suitable for beginners and those wanting altcoin trading signals to copy. While the absence of margin trading pairs will not suit altcoin day traders, eToro offsets this with its Copy Trading and a Smart portfolio. For more information on these aspects, read our eToro review.
- Social trading community to copy-trade profitable users.
- A highly regulated multiple asset platform.
- Visually intuitive and beginner-friendly platform.
- Expensive 1% trading fee to buy altcoins.
- Limited selection of altcoins.
5. KuCoin - Best For Selection of Altcoin Pairs
KuCoin is the 5th largest cryptocurrency exchange based on traffic and trading volume. Since its establishment in 2017, the platform has gained over 20 million registered users. KuCoin offers multiple innovative crypto services such as futures markets, a spot exchange, crypto swapping, staking, margin trading, lending services, and interest-earning features. KuCoin provides investors and traders with access to one of the world's largest selections with over 700 altcoins that can be bought and traded. The sheer number of supported coins and trading pairs makes KuCoin a desirable option for users who want to diversify their altcoin portfolios.
The three major methods of acquiring altcoins with fiat currencies on KuCoin are described below. Whilst the number of supported crypto is relatively modest, KuCoin's fiat gateway offers more choice than most other platforms.
- Credit/debit card: Purchase up to 11 altcoins such as ETH, TRX, and LUNA.
- Peer-to-Peer (P2P) marketplace: Users can directly buy and trade altcoins with other users who are accredited by KuCoin to act as merchants through its top-rated P2P platform. However, the only altcoin supported is Ethereum at the time of writing.
- Via third-party: Select from over 70 payment methods to buy crypto such as ApplePay, iDEAL, and Bancontact to buy over 80 altcoins such as SHIB, FIL, BAT, and SAND. The payment method depends on the third-party payment provider (e.g. Simplex, Banxa) available for the coin selected.
KuCoin's large list of altcoins can be purchased and traded on the spot market with competitive fees of 0.1% for maker and taker orders. For savvy investors who already hold a range of altcoins on the platform, the Convert function can be used to trade altcoin to altcoin with its zero trading fee platform.
One of KuCoin's standout features that will appeal to altcoin holders is its margin trading, where leverage up to 10x leverage can be applied to long and short positions. Currently, there are over 220 trading pairs with BTC, ETH, USDC, and USDT as the base currencies. For serious crypto traders, there is even the ability to create automated bots or strategies. KuCoin is one of the leading crypto trading bot exchanges with in-built bots including:
- Spot Grid: Places orders when the buying price decreases and sells when the price increases.
- Futures Grid: Buys low and sells high within the selected price range.
- Smart Rebalance: Automatically buys low and sells high to maintain a pre-set allocation of altcoins.
- Dollar-Cost-Averaging (DCA): Automatically buy altcoins over a set period of time. The bot is a useful strategy to combat market volatility.
- Infinity Grid: The bot will buy low and sell high in percentages with no upper limit.
For investors who prefer the HODL strategy, KuCoin's interest-earning wallet and lending platform will provide them with passive growth on their altcoin portfolio. Interest yields of up to 101 % APY can be generated on over 50 digital assets including popular choices such as ETH 2.0, ALGO, and KSM. Similar to other interest-earning wallets like Binance Earn, investors have the choice of locking their assets in for a period of time for higher rewards or putting them into a Flexible account. Whilst altcoins can be withdrawn from the Flexible account, they typically offer lower ROI in exchange for the flexibility.
Overall, KuCoin is a reliable altcoin exchange that provides features for beginners and advanced traders alike. The high ease of use and streamlined trading experience of the platform is superior to serious altcoin platforms such as ByBit which are not beginner-friendly. The vast number of altcoins that can be easily purchased using a variety of methods will appeal to many crypto enthusiasts who are interested in building altcoin portfolios.
- Fiat gateway that enables users to purchase over 700 altcoins using a variety of methods.
- Competitive spot and futures trading fees of 0.1%.
- Outstanding Earn feature where interest yields up to 101% APY can be passively earned.
- Limited selection of altcoins that can be bought with fiat currencies.
- Not available for altcoin traders in the United States.
6. Crypto.com - Best App For Buying Altcoins
Crypto.com is a hugely popular exchange that is best known for its premium mobile app where all of its products and services can be accessed. Its products and services are split between the Crypto.com App, the Crypto.com Exchange, and the Crypto.com DeFi Wallet. Crypto.com Exchange is where altcoins can be traded against Bitcoin, USDT, USDC, and the platform's native token, CRO.
Crypto.com App provides a modest selection of over 250 altcoins. 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.
As for fees, newcomers won't have to pay any trading fee or deposit fee during their first 30 days of trading. Afterward, there is a 2.99% to 3.99% fee to top up their Crypto.com account using fiat currencies. When it comes to the exchange, Crypto.com follows a volume-based trading fee starting from 0.2%. It means that the higher the monthly trading volume of a user, the lower the trading fee.
Crypto.com's most noteworthy feature is Crypto Earn, which allows investors to earn interest on their altcoins. Users can earn up to 14.5% APY on altcoins. However, to achieve the best APYs, users will need to stake CRO for at least 180 days which may be a high barrier to entry for some investors.
The use of altcoins on Crypto.com doesn't end with their trading or earning a passive income. One of the exchange's flagship products is the Crypto.com Visa to spend altcoins in-store or at online merchants that accept Visa. Over 30 altcoins such as ETH, DOT, and DOGE are supported. Settlements are near-instant and there are no gas fees. Moreover, Crypto.com has its own marketplace that investors can use to spend their altcoins and purchase Non-Fungible Tokens (NFTs). All of these features can be accessed from its modern and responsive mobile app.
Overall, Crypto.com is one of the better exchanges to trade altcoins, especially for those who prefer to do it using their mobile devices as it offers one of the best apps for altcoins. The interactive UI and the lucrative interest rewards for holding altcoins make Crypto.com suitable for all types of users. Find out how Crypto.com compares to the top exchanges in our full Crypto.com review.
- Over 250 altcoins to buy, trade, and sell.
- A world-class mobile app that provides access to all of the Crypto.com's altcoins features.
- Very reasonable trading fees on the App and Exchange
- Wide range of features including cashback card, staking, earning interest and NFTs.
- Holding CRO is needed to obtain the highest APY returns on altcoin staking.
- The mobile app does not support crypto-to-crypto trades.
7. Huobi - Best All-Round Altcoin Platform
Huobi is a leading global cryptocurrency exchange that provides a secure and safe platform for investors and traders to buy, trade, sell, earn and stake 600+ altcoins. The platform offers innovative trading and earning features that allow users to actively manage and grow their crypto portfolios. Currently, the exchange has a user base of over 10 million people across 200 jurisdictions.
Huobi supports 57 fiat currencies to purchase altcoins including USD, EUR, GBP, and AUD. There are over 90 deposit methods including AdvCash, cryptocurrency, SWIFT, wire transfer, and credit card, however, the available method will be dependent on the user's country.
Huobi is a serious altcoin trading platform that offers users a good variety of markets. Users can speculate on the price of altcoins using the spot exchange, margin exchange, futures, and USDT swaps, with leverage up to 125x. The vast altcoin list and innovative trading markets that are available on an advanced trading interface, make Huobi one of the best margin platforms in the world. Moreover, the trading terminal and charts are integrated with Tradingview which offers hundreds of technical indicators and drawing tools.
Users who complete registration and ID verification are eligible to invest their crypto with Huobi Earn. Flexible and fixed-term arrangements are offered where interest rewards of up to 80% APY can be earned. An alternative way of generating passive altcoin rewards is through the Huobi staking module where interest yields currently range between 3.36% APY and 20% APY. The number of altcoins that can be staked is quite limited with only 14 supported, including NEAR, ATOM, AVAX, and TRX.
With spot trading fees of 0.2% for all altcoin-to-altcoin transactions, Huobi is competitive but not the cheapest altcoin trading platform available. However, high-volume traders will find the maker and taker fees of the exchange to be appealing. The fees of 0.04% and 0.05% for maker and taker orders, respectively, are highly competitive and translate into value for money. However, the fees on their website can be difficult to understand.
Since its establishment, Huobi is one of the safest altcoin exchanges and has not reported any security breaches that have resulted in the loss of user funds and digital assets. The platform implements industry-standard security measures such as the storage of assets in geographically isolated vaults that are protected by multi-layered procedures to guard against internal authority errors. For added peace of mind, Huobi possesses a reserve fund of 20,000 Bitcoin, which is intended to be used as customer compensation in the unlikely event of a security breach.
Overall, Huobi Global is a solid altcoin trading option for non-US individuals with its vast list of supported coins and advanced trading markets. The exchange provides a highly secure environment and a streamlined user experience, however, the interest-earning and staking products are not as developed as other exchanges. Read our Huobi review for more information on its features, limitations and benefits.
- High number of altcoins and trading pairs.
- Low and competitive trading fees starting at 0.2%.
- Excellent security track record and 20,000 BTC contingency fund.
- Not available to US investors and traders.
- Trading fee discounts and rebates are confusing.
8. Gate.io - Best Place To Trade Exotic Altcoins
Founded in 2013, Gate.io is a global cryptocurrency exchange that is registered in Virginia, USA. At the time of writing, Gate.io is ranked #7 in the world for trading volume and traffic, and liquidity. The platform is best for its range of innovative trading features and breadth of markets, but also for its list of supported altcoins which remains the largest in the world that can be bought and traded. This is the platform where serious traders will acquire exotic coins and tokens. With over 1,400 altcoins and more than 2,400 trading pairs, Gate.io brings surpasses Binance for the altcoin exchange with the most coins.
Similar to KuCoin, Gate.io was initially a crypto-to-crypto trading platform that has since implemented a fiat gateway. Currently, users can purchase altcoins using credit/debit cards, bank transfers, and the P2P marketplace. USD, AUD, EUR, GBP, JPY, and KRW are amongst the supported fiat currencies. To facilitate this service, Gate.io has partnered with third-party payment providers, however, the downside is that users will pay higher fees. A possibly cheaper option for users would be to purchase altcoins on a cheaper fiat-to-crypto exchange and transfer them across to Gate.io.
Altcoin trading on Gate.io can be performed in a variety of markets including spot, futures, margin, and ETF leveraged tokens. For each market, Gate.io caters to newer and advanced traders alike by providing Standard and Advanced interfaces which include all of the trading tools, indicators and drawing patterns to analyze the altcoin charts.
- Spot: Solely used for crypto-to-crypto trading, users can use USDT to purchase altcoins. Limit, Iceberg, and Immediate or Cancel (IOC) orders can be placed on all orders.
- Margin: USDT can be used as collateral in long or short positions where a leverage ratio of between 3x and 10x can be applied.
- ETF Leveraged Tokens: USDT can be used as principal to take short (3- or 5-) or long (3x or 5x) positions with altcoins such as ETH, DOT, SHIB, and LTC.
To further bolster its reputation as a predominantly altcoin-to-altcoin trading platform, users can also use the Flash Swap feature to instantly exchange one altcoin for another. This service is free and assets are directly transferred into the user's wallet.
Gate.io customers who hold altcoin portfolios can leverage the asset management of the platform to produce passive returns. Similar to financial management products offered by other platforms, most of the services can be used in fixed-term or flexible arrangements.
- HODL & Earn: A blockchain-based service that rewards the user with up to 150% Interest Per Annum over fixed terms of 7, 14, 28, or 84 days for coins such as ETH, KINT, KSM, and DOT.
- Crypto Lending: Altcoins can be lent to other Gate.io users at a specific interest rate and loan term. Interest payments will be received in return. The number of supported altcoins is significant and includes popular coins such as MATIC, ADA, FLOW, SHIB, and DOGE.
Overall, Gate.io is not likely to be the obvious first choice for many altcoin investors and traders. However, its products and services that can be used for altcoin trading and portfolio building are robust. Moreover, the exchange has gone to some effort in making advanced features more palatable to beginners. Altcoin traders who are looking for specific exotic coins are likely to do so on Gate.io which sports an altcoin trading list that is double that of Binance. To learn more about the features and fees, read our full Gate.io review.
- The largest asset list in the world with over 1,400 altcoins and over 2,400 trading pairs.
- Beginner-friendly and advanced interfaces for all its trading features and markets.
- A multitude of ways to obtain altcoins with fiat currencies including USD, CAD, EUR, and AUD.
- Great range of financial management products.
- High altcoin purchase fees for using the third-party payment providers.
- Lower trading liquidity compared to Binance, FTX, and Kraken.
Frequently Asked Questions
An altcoin exchange is considered to be a crypto trading platform that allows investors to trade, buy, sell or invest in crypto assets other than Bitcoin. Altcoin exchanges are typically known for their large list of supported cryptocurrencies, various trading markets, and financial products. One of the best exchanges to purchase altcoins such as Ethereum (ETH), Cardano (ADA), and Dogecoin (DOGE) is Binance.
The best altcoin exchange is Binance, due to its large selection of more than 600 coins and tokens to buy, trade and sell. The platform also boasts the highest trading volume and liquidity. Combined with trading fees of 0.1%, an advanced trading interface and a mobile app, Binance is second to none.
Coinbase is a user-friendly platform based in the USA that provides individuals with access to over 250 popular altcoins such as EOS, ADA, TRX, and XMR. Coinbase's fees to purchase altcoins are competitive at 0.5% and there is a multitude of features for investors to get the best out of their portfolios such as staking for passive rewards, and a non-custodial wallet. Great alternatives include Binance.US and Kraken that are also regulated in the US.
With over 1,400 supported digital currencies and assets, Gate.io has the largest selection of altcoins available to investors and traders. The immense number is more than double the coins and tokens offered by Binance.
There are several global exchanges that serve as sound altcoin trading and investing platforms. The better exchanges to select possess a wide range of altcoins, innovative ways to acquire and trade them, as well as supporting products and services which enable investors to passively grow their worth. For investors and traders who want to include altcoins as part of their investment or trading strategies, Binance is our top-rated altcoin platform.