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4 Best Cryptocurrency Exchange to trade Altcoins [2022]

Best Altcoin Exchanges  4 Best Cryptocurrency Exchange to trade Altcoins [2022] Best Altcoin Exchanges or crypto exchanges
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Last Updated on May 27, 2022 by Shounak

What is an Altcoin? What is an Altcoin exchange? What factors to consider before trading on an Exchange? If these are the questions in your mind then you have come to the right page.

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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 is Altcoin?

An altcoin is a term used to describe cryptocurrencies other than Bitcoin. There are over 1,300 cryptocurrencies in existence, and many more have been proposed and will likely follow.

Unlike Bitcoin, which was the first cryptocurrency and remains the best-known, most-traded cryptocurrency, most altcoins are little-known and have not achieved the level of recognition or adoption as bitcoin.

Technology-wise they are far better than Bitcoin. Altcoins are also decentralized, global, and trustless.

Altcoins are like bitcoin, but they are not. They are open distributed networks that work without a central authority. There are thousands of different altcoins, each with its own unique features.

The decentralized and global nature of altcoins and the ability to solve many critical financial, real-world and web 2.0 issues is what sets them apart.

Altcoins are divided into two forms coins and tokens. Coins are those that use their own blockchain and tokens are those that use other blockchains to operate. 

What is an Altcoin Exchanges?

There is no such thing as an Altcoin Exchange; hence, any exchange that trades altcoins is referred to as an altcoin exchange or a cryptocurrency exchange.

You must first determine whether the cryptocurrency you purchased is traded on a certain exchange. You may look for your cryptocurrency on websites like coinmarketcap or coingecko.

They provide details on exchange listing, volume and trading pairs. Most altcoins do provide the details about the listing and pairs on their website.   

What Factors to Consider?

Basically, there are four factors to consider: 

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

Best Cryptocurrency Exchange:

Binance

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

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

To trade on both exchanges you need to have (BNB) to pay fees. BNB is a utility token that is used on both the exchanges for fees and to trade cryptocurrencies. 

You can buy cryptocurrency using your bank account debit/credit card. In the early days, only 5 fiat currencies were supported and they were USD, EUR, RUB, UAH & KZT but now almost all fiat currencies are being supported.

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

OPEN your Free Account

Coinbase

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.

OPEN your Free Account

Kucoin

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.

OPEN your Free Account

Huobi Global-

Founded in 2013, Huobi Global is a leading cryptocurrency exchange with a strong presence in the Asian markets.

Huobi was the first exchange in the world to launch its own token and the first to launch the world’s first zero-fee trading service for Bitcoin (BTC), Ethereum (ETH), and Tether (USDT).

Huobi Global is available as a web-based platform and a mobile app for Android and iOS users. The platform offers users a variety of digital asset trading and custody services, including spot and derivatives trading, funding, and withdrawal services.

Today, it is considered one of the largest cryptocurrency exchanges with multiple pairs of Altcoins.

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

OPEN your Free Account

Final Thoughts:

Thanks for reading! The best cryptocurrency exchanges to trade Altcoins. I hope you enjoyed reading it and found it informative.

There are other cryptocurrency exchanges that you might have heard of and that might be better than those listed in our article.

We have listed these exchanges because we have personally used them for more than a year now and never have had a bad experience while using them.

How to be diligent with Altcoin exchanges? Never believe in a free offer and avoid new exchanges that are unknown by the community.

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