Best Altcoin Exchanges for 2023 The Ascent by Motley Fool

altcoin exchange review

The platform is built on open-source software, meaning its design is publicly available, and the project is funded by personal savings and donations from its community of users. The voice of crypto community is an important aspect that we always consider while creating crypto exchange reviews. Understandably, knowledge comes from experience and we are here to offer you just that. We made it our mission to simplify confusing crypto-related information by creating unbiased crypto exchange rankings & in-depth crypto exchange reviews. You don’t need to know all the complex details anymore – investing in the future has never been this easy. While this cryptocurrency phenomenon is taking the world by a storm, it’s easy to get lost among all the investing opportunities.


Some platforms may have a separate subsidiary to serve some countries (Binance and Binance.US, for example) while others may offer different services in different countries . Decentralised exchanges aren’t run by a person or company as trades take place directly between users on a peer-to-peer marketplace with no intermediaries. There are no order books and you can only trade crypto—you can’t use fiat currencies.

Backed by Best Crypto Investors

Read our Huobi review for more information on its features, limitations and benefits. Major crypto exchanges tend to handle a large volume of trades which means there is high liquidity of altcoins and trades can be executed quickly. Centralised exchanges often offer other services such as asset custody. AEX is a new cryptocurrency exchange that was launched in October of 2017. The exchange offers their services in both English and Chinese as AEX is a Chinese cryptocurrency exchange. However, the exchange is registered and based out of London, United Kingdom, but even so, they primarily service Chinese clients.

How Many Crypto Exchanges Are There?

There are hundreds of crypto exchanges, but they vary greatly in size, traffic, and liquidity. CoinMarketCap, a crypto price-tracking platform, puts the number of exchanges at over 500, though it only tracks activity on 237 of them.

The parameters considered during the review are the number of crypto assets listed, the trading fees, the ease of use, and the security. 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. Some altcoin exchanges accept credit or debit card payments, as well as PayPal and other methods. Credit card deposits may also incur additional fees from the card issuer.

Learning is Earning

There are also altcoin exchange reviews guides and online courses available, as well as the Investmate app, which provides access to financial education. If you’re keen to develop your understanding of altcoins and crypto topics, the platform provides a wealth of educational resources to help you do just that. You can even earn some altcoins for free during Coinbase’s regular learn and earn campaigns. Newbies aren’t left out, however, as the convert feature provides an easy way to swap between any two altcoins. If you want to learn more about altcoins and how crypto works, there are lots of educational articles to check out in the Binance Academy.

Using this information, you can set up price alerts to help you time your trades and take advantage of market changes as they happen. The trading fee on Kraken is generally 0%-0.26% of the cost of your order. The fee depends on the currency pair being traded, your 30-day trading volume and whether you’re a maker or a taker of the order. Its straightforward interface makes it simple to purchase any of the more than 100 crypto assets it supports. When you’re ready to level up, you can tap into Kraken Pro for candlestick charts, advanced order types and other handy trading features. Kraken has been pioneering the way for digital currency trading since 2011 and is our pick for the best all-around crypto exchange.

Altcoin News

The active platform charges maker-taker fees up to 0.4% with reductions as your volume grows. However, paying the comparatively high fee may be a small price to pay for Gemini’s highly robust security. Gemini also encourages users to utilize two-factor authentication to secure their accounts and provides the option to review and approve devices used to log onto the trading account.

Bitcoin Dynamit Review 2023 – Scam or Legit? – Business 2 Community

Bitcoin Dynamit Review 2023 – Scam or Legit?.

Posted: Tue, 28 Feb 2023 12:32:14 GMT [source]

Refer a friend to earn US$20 — $10 for you and $10 for the person you refer. You’ll need to provide your personal details and proof of ID – a disadvantage if you want to trade anonymously. FinCEN requires all exchanges in the US to be licensed and to comply with Anti-Money Laundering and Know Your Customer requirements. If you need to provide a wide range of personal information, it’s important to be sure you’re dealing with a trusted exchange. You can check websites such as CoinGecko or CoinMarketCap to get a better idea of an exchange’s level of liquidity.

Read fact-based BitDegree crypto reviews, tutorials & comparisons – make an informed decision by choosing only the most secure & trustful crypto companies. Gemini, a cryptocurrency exchange, offers a great choice for mobile users. It offers a sleek mobile app for iOS and Android so you can manage your crypto on the go. Gemini currently offers bitcoin and 25 different altcoins on its exchange. The escrow mechanism used in the peer-to-peer trading process may be challenging for new users while the comparatively slow trade execution could deter first-time users and active traders. Additionally, the exchange is more targeted at making smaller trades as trading volumes are lower than on centralized global exchanges.

  • Investing in Altcoins is riskier than other investments, however choosing altcoins that have been around for a proven amount of time, like Ethereum, can bring high-returns.
  • Another heavy hitter when it comes to the sheer amount of coins available, KuCoinprovides access to a wide library of altcoins at low fees.
  • Launched in 2013 by Block, Inc. (formerly Square, Inc.), Cash App allows individuals in the United States and the United Kingdom to send, spend, bank, and invest.
  • Combined with trading fees of 0.1%, an advanced trading interface and a mobile app, Binance is second to none.

The main drawback of using Cash App to buy and store Bitcoin is that the in-app wallet is custodial, which means the company holds your virtual currency on your behalf. While custodial wallets can be convenient, they are also regarded as less secure than non-custodial wallets. However, since you can withdraw your Bitcoin from Cash App, you can move your crypto into a personal wallet to which you hold the private keys. We chose Cash App as our top pick among Bitcoin-only exchanges as it allows you to seamlessly and securely buy, sell, and store Bitcoin from your smartphone.

You can find an overview of the crypto assets and fiat currencies that each exchange supports in the table. Usually, to buy trending altcoins, you must purchase them through a decentralized exchange like Uniswap or PancakeSwap, which requires learning how to use a Web3 wallet and a blockchain. Regardless of whether one is a novice or an expert, an exchange that is easy to use and navigate is always a plus. We considered each crypto exchange’s mobile and desktop interface and favored those with more NEAR intuitive designs. We also looked at the educational content and research tools available for users. Dedicated crypto and bitcoin exchanges will allow you to withdraw your crypto funds and transfer them to another wallet of your choice.

What is an altcoin exchange?

The altcoin exchange reviews 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. The use of altcoins on doesn’t end with their trading or earning a passive income. One of the exchange’s flagship products is the Visa to spend altcoins in-store or at online merchants that accept Visa. Moreover, has its own marketplace that investors can use to spend their altcoins and purchase Non-Fungible Tokens .

The platform recommends a minimum deposit of $50 and the trading fees are fairly competitive at up to 0.6% plus the spread. EToro is a global social investment brokerage company which offers over 75 cryptocurrencies to invest in. It offers crypto trading commission-free and users on the platform have the option to manually invest or socially invest. EToro even has a unique CopyTrader system which allows users to automatically copy the trades of popular investors.

Click the link in the email you receive to verify your email address. You will then need to complete your profile by providing your full name, date of birth, phone number, and some form of photographic identification. After that, you’ll need to answer some questions about your investing experience.

Which crypto exchange is legit?

1. Coinbase. Coinbase is by far the most popular and one of the best cryptocurrency exchanges because you can invest directly with USD. You can currently purchase Bitcoin, Ethereum, and Litecoin and 30+ other coins and tokens on the platform.

AEX also charges withdrawal fees, as do all cryptocurrency exchanges. These withdrawal fees are significantly higher than most other exchanges and are how AEX is able to charge such miniscule trading fees. Cryptocurrencies can be traded against USDT , Bitcoin, Ethereum, and BNB (Binance’s own cryptocurrency). Binance is considered one of the best options for crypto-to-crypto trading. It is the leading exchange by volume and has the most liquidity because of this.

The name comes from combining the words “alternative” and “coin.” It refers to any crypto that is an alternative to the market leader. These cryptos include everything from smart contract–giant Ethereum to meme tokens like Dogecoin . Binance has won the hearts of millions of investors with its broad range of cryptos, low fees, and feature-rich platform. Binance.US has limited functionality, but stays on the right side of regulators. Many or all of the products here are from our partners that compensate us.

For example, if you want to buy BTC with US dollars, you’ll need to find a platform that allows you to buy coins via bank transfer or card. Alternatively, if you want to ADA exchange your BTC or ETH holdings for another cryptocurrency, you’ll want a platform that offers direct crypto-to-crypto trades. Unlike other crypto media, we’re not owned by an exchange or investment firm. Our opinions are our own and we put our readers first to help you find the crypto trading platform that’s right for you.

  • User verification can take from a few minutes up to several days depending on the exchange and the level of verification required.
  • Exchanges are an essential part of the crypto ecosystem because most traditional investment firms do not offer cryptocurrencies in their portfolios.
  • provides a very good selection of tradable cryptocurrencies, with more than 250 available.
  • Launched in 2017, Binance has a reputation as the world’s most favored altcoin exchange for many reasons.
  • AEX also charges withdrawal fees, as do all cryptocurrency exchanges.
  • Since the widely publicized collapse of FTX, many traders and investors have demanded centralized exchanges provide proof of reserves and user deposits.

You just need to complete the registration and verification process, which shouldn’t take long. The AEX cryptocurrency exchange features not one but two proprietary web-based trading platforms. First, there’s the standard exchange platform which is the most basic and geared towards beginner traders. This platform incorporates a simple chart with basic features for viewing the price and a simple order book and trading history below the chart. The interface is simple and straightforward which is exactly what this platform was going for. We are aware that it takes ample time to choose from the long list of top altcoin exchanges available today.

All of these features can be accessed from its modern and responsive mobile app. 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 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. Below is the comparison list of top altcoin exchanges that we review in this guide.

Order Now