4 Best Cryptocurrency Exchange to trade Altcoins 2019

    If you are on this page then you are trying to find out What are altcoins? What is an Altcoin exchange? What factors to consider before selecting an Exchange? and which are the best cryptocurrency exchange to trade altcoins.

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    Do not skip the article in between as there is important information that you should know about these exchanges at the end. Let’s start with the first question.

    What are Altcoins?

    Altcoins were launched after the immense success of Bitcoin. As the name suggests they are an alternative to Bitcoin. The best example of an Altcoin is Ethereum.

    Technology-wise they are far better than Bitcoin. Fiat value wise they are still below Bitcoin. 

    Altcoins are available as both coins and tokens, coins are mined and tokens are not. There are more than 2000 altcoins that are being traded on cryptocurrency exchanges worldwide.

    What is an Altcoin Exchanges?

    Altcoin exchange is similar to Bitcoin exchanges but, here the trading is done in pairs with BTC, ETH, TRX, and others. For example, if you are looking to buy Ethereum with your Bitcoin, then you will complete the trade using the pair BTC/ETH and vice-versa.

    It is also possible to buy them using a Debit/Credit card or a stable coin on an Altcoin exchange. Almost all cryptocurrency exchanges can be called an Altcoin exchange with few exceptions.

    What Factors to Consider?

    There are 4 parameters that we looked into before selecting the best cryptocurrency exchange while writing this article and they are:

    • Security.   
    • Liquidity & Trading Pairs. 
    • Reputation. 
    • Recommendation. 

    The below-listed all exchanges excel on the above 5 parameters. We have been very careful while selecting them and did extensive research on all of them before crowning one of them as the number one exchange from the list.

    Best Cryptocurrency Exchange:

    Binance

    Best Cryptocurrency Exchange

    Our number one pick on the list is Binance. Started in 2017, it is one of the biggest centralized and the best cryptocurrency exchanges to trade Altcoins.

    In 2019 with the launch of the Binance chain, it has also started it’s decentralized exchange known as Binace DEX. 

    To trade on both the exchanges, you have to hold the Binance coin(BNB). BNB is a utility token which is used on both the exchanges for fees and to trade cryptocurrencies. 

    You can buy cryptocurrency using your bank account debit/credit card at the moment only 5 fiat currencies are supported and they are USD, EUR, RUB, UAH & KZT.

    Binance plans to add 180 fiat currencies in the next six to nine-months to boost direct fiat to crypto-trading.

    • Security – Excellent
    • Liquidity & Pairs – Click here
    • Reputation – Good.
    • Recommendation – Highly recommended.

    Create your Free Account

    You may also like to read:

    1. How to trade on Binance DEX?
    2. 10 Best cryptocurrency wallets to store Bitcoin.

    Coinbase

    Best Cryptocurrency Exchange

    Our number two pick on the list is Coinbase. Based in the US, it is a digital asset trading platform, where you can buy and sell cryptocurrencies as well as use their wallet to store it (not recommended).

    Coinbase allows you to purchase cryptocurrencies using debit/credit card and bank account. You can also use Paypal on its platform to sell or withdraw in Fiat currency. This service is restricted to a few countries.

    Now, you can directly purchase BTC, ETH, BCH, LTC, XRP, BAT, REP, XLM & ZRX with fiat currency (USD).

    • Security – Excellent 
    • Liquidity & Pairs – Click here 
    • Reputation – Good.
    • Recommendation – Highly recommended.

    Create your Free Account

    Kucoin

    Best Cryptocurrency Exchange

    Our number three pick on the list is Kucoin. Based in Singapore, it is a cryptocurrency exchange with offices in China, the Philippines, and Thailand.

    On Kucoin you can earn daily bonuses if you hold their native coin KCS. Kucoins pays 50% of its fee to those members who hold a minimum of 6 KCS. As per CMC, the fiat value of KCS is $1.19 while writing this article

    • Security – Excellent.
    • Liquidity & Pairs – Click here
    • Reputation – Good.
    • Recommendation – Highly recommended.

    Create your Free Account

    You may also like to read:

    1. 4 Reasons why I prefer Brave browser over Chrome browser.
    2. 4 Best cryptocurrency to invest before 2019 ends.

    Idex

    Best Cryptocurrency Exchange

    The last on the list is Idex exchange. It is a decentralized exchange based on Ethereum Blockchain. On Idex you can only trade ERC-20 tokens.

    We selected Idex because most altcoins use Ethereum Blockchain, to begin with, and are generally ERC-20 tokens. To trade on Idex you need to have ethereum in your wallet.

    • Security – Excellent.
    • Liquidity & Pairs – Click here 
    • Reputation – Good.
    • Recommendation – Highly recommended.

    Create your Free Account

    Final Thoughts:

    Thanks for reading this article on our top picks for the best cryptocurrency exchanges to trade altcoins. I hope you enjoyed reading it and found it informative. Below are a few more details that you should know about them.

    Except for Idex, all the above-listed exchanges have their trading apps for both Android and iOS. It is recommended to download the apps from their websites.

    There are other exchanges that you might have heard that are better than those listed here. I have listed these exchanges because I have personally used them for the past two years and never had a bad experience with them.

    After 2017 there have been a lot of ICO scams and some projects to date have not been able to deliver the promised product. Therefore before investing in cryptocurrency, you should always do your research before investing. 

    About The Author: Shounak

    A content writer, content creator & community manager by profession. Shounak has been a Blockchain Enthusiast and Bitcoin Investor since 2015. He founded this blog to help newbie understand and realize the power of decentralized currency also known as cryptocurrency.