5 Best Crypto Exchanges for Altcoins

  • Date: October 9, 2018
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It is now commonly accepted that the real returns for investors lie in investing in altcoins. Altcoins, or alternative currency, are any currency other than Bitcoin. These coins are gaining mainstream attention because they have proven their value for users. According to CoinMarketCap, the number of altcoins in the market has crossed 2,000, and new coins are ICOing each day.
 
Bitcoin is an established low-risk currency that will give you smaller returns over the long term. Altcoins, on the other hand, have the potential to multiply your investment. This is because altcoins pose a higher risk and are at an earlier stage in their project. This allows you to enter the market early and cash in on returns when the mainstream markets decide to join in. If you’re someone who is willing to take in a higher risk, altcoins are the ideal choice.
 
Once you have realized the potential in altcoins and have decided to buy your first coin, you now have to register on an exchange to begin trading. This can get a bit confusing because there are hundreds of different exchanges providing similar features.
 

So, how do you pick an exchange and what features should you look for?

 
Broadly, you want a highly liquid, well established and completely secure exchange with low fees. You also want the exchange to support a large number of coins. Keeping this in mind, we have narrowed it down to the following 5 best cryptocurrency exchanges for altcoins.
 

Binance

 
Binance is one of the fastest growing exchanges based in Hong Kong. It has more than 140 altcoins listed and is continuously adding new ICOs to the list. They provide a smooth, user-friendly interface and also have an Android and iOS app for ease of trading. Binance also offers a unique fees structure where you can lower your fees if you pay in BNB. It also provides reliable customer service to its users and has a strong reputation in the crypto community.
 

Kraken

 
Kraken has a large selection of altcoins including Zcash, Dash, ETH and more. They have a basic user interface, making it easy to understand for beginners. It also offers unique trading features such as stop-loss orders, fast execution speed, margin trading, and deep liquidity for experienced traders. Its fees are quite low compared to its competitors. It is also high on security. The platform provides cryptography-verified proof of reserve audits and has two-factor authentication enabled for its users.
 

Poloniex

 
Poloniex is another well-reputed cryptocurrency exchange offering a large number of crypto pairs. It only deals in cryptocurrency and does not accept fiat. It is geared toward experienced traders and has a wide range of features to support their needs. Traders can find a variety of efficient data-analysis tools, along with very detailed charts to help you make informed decisions. Poloniex is also a leader in margin trading. They also offer the benefit of low fees and high liquidity to their users.
 

Kucion

 
Kucoin is often dubbed ‘The People’s Exchange.’ It is a Chinese exchange that offers more than 50 altcoins. It is ideal for users who want to have access to a large number of coins while enjoying low fees. KuCoin provides financial system stability and ensures that all the necessary security systems are in place to keep user’s funds safe. They also have 24/7 customer support available.
 

Bittrex

 
Bittrex is one of the largest exchanges and recently opened sign ups again through a waitlist. Traders highly prefer it because it offers more than 250 cryptocurrency pairs. It also has a robust and reliable security system and hasn’t experienced any hacks in the past. With similar trading fees, a large number of altcoins, and high security, it’s a well-recommended exchange by traders.
 

Become a Better Crypto Trader with Expert Coiner

 
Selecting and registering on an exchange is the easy part. What comes after is the hours of research on the many different coins and ICOs. Let Expert Coiner do the work for you by providing compiled ICO research and reviews directly. Sign up for our services today.

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