Best Altcoin Exchange 2022 - Comparewise

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Best Cryptocurrency Apps

Bitbuy

$50
Welcome Bonus
$250
Min Investment
  • Trade 25+ coins
  • Fund with e-Transfer
  • Refer and get $40

Newton

$25
Welcome Bonus
$100
Min Investment
  • Trade 70+ coins
  • Fund with e-Transfer
  • Super low fees

CoinSmart

$20 BTC
Welcome Bonus
$100
Min Investment
  • Trade 16 coins
  • Fund with e-Transfer
  • Instand account verification

Coinberry

$30
Welcome Bonus
$50
Min Investment
  • Trade 29+ coins
  • Fund with e-Transfer
  • 0% deposit/withdrawal fees

VirgoCX

$30
Referral Bonus
$5
Min Investment
  • Trade 60+ coins
  • Make purches with crypto
  • Refer and get $30

Shakepay

$30
Welcome Bonus
2
Coins Available
  • Instant account verification
  • Fund through e-Transfer
  • Commission-free

Netcoins

$60
Welcome Bonus
22
Coins Available
  • 0% funding fee
  • Free cash withdrawals
  • Price alerts

NDAX

$100
Min Investment
34
Coins Available
  • Trade fees as low as 0.2%
  • Great for beginners
  • Instant account verification

Crypto.com

$20
Welcome Bonus
250
Coins Available
  • Earn up to 8.5% on crypto
  • Earn up to 14% on stable coins
  • Earn extra with staking

Best Altcoin Exchange 2022

Altcoins are gaining track in the crypto space. As an investor, you have a wide array of Altcoins worth your attention. However, choosing the best Altcoin exchange is vital.

Are you starting out in crypto & looking for the best Altcoin exchange? Discover our top pics for the most secure, & feature-rich exchanges.

When selecting the best Altcoin exchange, a few key factors should be considered. They include coin variety, security, jurisdiction, compliance with the law, and fees, to name a few. Based on this and other criteria, we’ve determined that the best Altcoin exchange is Bitbuy. Other great Altcoin exchanges include CoinSmart, Coinberry, Newton, VirgoCX, Shakepay, Netcoins, Ndax.io, Crypto.com, KuCoin, and more.

Our below guide highlights 15 of the top Altcoin exchanges you can invest through.

15 Best Altcoin Exchanges

Our picks follow straightforward selection criteria, namely

  • Coin variety
  • Security
  • Jurisdiction
  • Law compliance
  • Fees

Bitbuy

  • Serving 350,000+ Canadians
  • Over $4 billion traded
  • Refer a friend and get $40
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Get a $50 Bitbuy Welcome Bonus now when you sign up - Claim this offer

1.  Bitbuy

A leading exchange topping our best Altcoin exchange is Bitbuy. This Toronto-based crypto exchange opened its doors in 2016 and boasts the lowest fees you can find.

It’s registered as a Money Service Business with FINTRAC, so you can be sure of complete law compliance. Moreover, they have a strict 95% cold storage policy meaning your assets are held in offline wallets.

Bitbuy offers Altcoins such as:

  • Ethereum (ETH)
  • Solana (SOL)
  • Bitcoin Cash (BCH)
  • Uniswap (UNI)
  • Polygon (MATIC)
  • Cardano (ADA)
  • SushiSwap (SUSHI)
  • Litecoin (LTC)
  • Chainlink (LINK)
  • AAVE
  • Decentraland (MANA)
  • Dogecoin DOGE)
  • Polkadot (DOT)

The trading fees average 0.10% for a maker and 0.20% for the taker. When using the Canadian dollar as your fiat currency, you can expect a 1.5% fee on Interac deposits and withdrawals.

Bitbuy Pros - Comparewise

Bank withdrawals and deposits average at 1.0% and 0.5%, respectively. Crypto withdrawal fees vary according to the asset you have.

Bitbuy has a Know Your Customer (KYC) policy you have to undergo after a successful sign-up. You will be asked to provide government-issued documentation and a utility bill or proof of address.

Alongside the KYC protocol, you will find a 2-FA and note that the platform gets audited by a third-party firm. The staff are also subject to background checks and have passed, so security is top-notch.

CoinSmart

  • Smart trade feature for quick trading
  • Instant account verification
  • Fund through e-transfer
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Get a $50 CoinSmart Welcome Bonus now when you sign up - Claim this offer

2.  CoinSmart

Another Altcoin exchange making our list for affordability is CoinSmart. This exchange operates out of Toronto, was founded in 2018, and has gained popularity among traders.

With this platform, you can enjoy free deposits when using bank transfers. However, with Interac eTransfer, you incur a 1.5% fee and up to 6% on card transactions.

CoinSmart offers 15 Altcoins alongside bitcoin, namely:

  • Polygon (MATIC)
  • Avalanche (AVAX)
  • Cardano (ADA)
  • Bitcoin Cash (BCH)
  • Uniswap (UNI)
  • Dogecoin (DOGE)
  • Polkadot (DOT)
  • Shiba Inu (SHIB)
  • Ethereum (ETH)
  • Chainlink (LINK)
  • Avalanche (AVAX)
  • USD Coin (USDC)
  • Stellar (XLM)
  • EOS
  • Litecoin (LTC)

The Ontario Service Commission (OSC) and FINTRAC regulate the platform, so you can rest assured of law compliance. Moreover, it stores 95% of its customers’ assets in cold wallets for enhanced security.

Coinsmart Mobile App Crypto - Comparewise

This crypto exchange also allows direct Altcoin trading, avoiding the Ethereum or Bitcoin route. There is also an Over The Counter (OTC) service for individuals looking to invest over $25,000.

The sign-up process is straightforward and fast. However, you have to observe the KYC protocols to become a verified user. You can also access the guides to gain more knowledge on crypto trading.

Coinberry

  • Cheapest crypto exchange
  • Fund using e-transfer
  • Pay taxes using BTC
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Get a $50 CoinSmart Welcome Bonus now when you sign up - Claim this offer

3.  Coinberry

Coinberry joins our best Altcoins exchange list for its autopilot feature. This Toronto-based exchange launched in 2017 is worth your attention for the low trading fees.

There are no deposit and withdrawal fees. However, they charge your trades by setting a spread fee of between 0% and 2.5%.

Coinberry supports Altcoins such as:

  • Curve (CRV)
  • Litecoin (LTC)
  • Stellar (XLM)
  • Cardano (ADA)
  • Dogecoin (DOGE)
  • Polkadot (DOT)
  • Ethereum (ETH)
  • Kyber Network (KNC)
  • Synthetix (SNX)
  • Finance (YFI)
  • Bitcoin cash (BCH)
  • Aave (AAVE)
  • Balancer (BAL)
  • Chainlink (LINK)
  • Basic Attention Token (BAT)
  • Compound (COMP)
  • & Uniswap (UNI)
  • and more

The FINTRAC and OSC regulate it, so you can rest assured of law compliance. Moreover, it has a 95% cold storage policy for its customers’ assets.

Coinberry Mobile App - Comparewise

The sign-up process is simple, and you do not have to wait for days to get verified. Moreover, their IOS and Android app availability make it easy to trade while on the go. You can also set recurring buys using the dollar-cost averaging strategy through the app.

You can fund your Coinberry account through:

Deposit method Duration (days)
Credit/debit card instant
Bank transfer 1
Interac e-Transfer instant

Newton

  • Get a $25 bonus when you sign up
  • Canada's low-cost crypto trading platform
  • Instant account verification & e-transfer deposit
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Get a $25 bonus when you sign up and trade $100 - Claim this offer

4.  Newton

Another Altcoin crypto exchange with the aim of serving Canadians with zero fees is Newton. Founded in 2017, this exchange operating out of Toronto is one worth your attention.

Some of the notable Altcoins you can get on the platform include:

  • Tether (USDT)
  • Tezos (XTZ)
  • Stellar (XLM)
  • Ethereum (ETH)
  • 0X (ZRX)
  • Ripple (XRP)
  • Basic Attention (BAT)
  • Axie Infinity (AXS)
  • Litecoin (LTC)
  • OMG Network (OMG)
  • Cardano (ADA)
  • Solana (SOL)
  • Zcash (ZEC)
  • Algorand (ALGO)
  • 1inch (1INCH)
  • Dogecoin (DOGE)
  • EOS

Upon signing up and verification, you can become an affiliate and invite your friends to the platform. After their first $100 trade, you can get a$25 bonus. You can top up your account using bank transfers, crypto deposits, direct deposits, and credit cards.

Newton-Crypto-Review-Features-Comparewise

Newton is regulated by FINTRAC as a money service business alongside PIPEDA. They make money by imposing a spread of 0.5% to 1%.

Your assets are stored in offline facilities for security against losses. Moreover, they are audited by a third-party auditor who examines their financials.

5.  VirgoCX

This platform joins our list for the reduced fees it offers to Canadians. Launched in 2018, VirgoCX operates out of Toronto and is an excellent option to get Altcoins before everyone.

It is a registered money service business with FINTRAC and PIPEDA guaranteeing full law compliance. The platform has also enrolled an NFT marketplace hence a good choice for investors looking for other assets.

You can access the following Altcoins in VirgoCX:

  • Ethereum (ETH)
  • Shiba Inu (SHIB)
  • Enjin Coin (ENJ)
  • OMG Network (OMG)
  • Axie Infinity (AXS)
  • TerraUSD (UST)
  • EOS (EOS)
  • Synthetix (SNX)
  • Basic Attention Token (BAT)
  • Ethereum Classic (ETC)
  • USD Coin (USDC)
  • The Graph (GRT)
  • Decentraland (MANA)
  • Stellar (XLM)
  • Cardano (ADA)
  • Dogelon Mars (ELON)
  • SushiSwap (SUSHI)

You can top up your account using wire transfer, crypto deposits, and Interac e-Transfer. Upon joining the platform, you can enjoy a $10 bonus for referring your friends. And when your referrals deposit $100 in fiat currency, you will get a $20 bonus.

Virgocx Crypto App - Comparewise

VirgoCX has a 0% fee rate for its users in deposits and trading. However, you have to spend a 0.5% during fiat withdrawals. Their intuitive mobile app is available for IOS and Android users allowing trade on the go.

The exchange has “Over The Counter” (OTC) services for investors seeking to make trades of over $30,000. Your account is protected using two-factor authentication and SSL protocols. The company has a cold wallet storage policy powered by the Ledger Vault.

Shakepay

  • Fast, secure, & reliable
  • Zero fees to trade crypto
  • Crypto Visa card included
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Get a $30 bonus when you sign up and start trading on Shakepay - Claim this offer

6.  Shakepay

Launched in 2015 in Montreal, Shakepay makes our best Altcoin exchange list for its two unique features.

  • Ability to set up recurring buys
  • Shake your phone for free bitcoin

It also has a Visa card its customers can use to spend their Shakepay balance at any visa accepting point.

Unlike other Altcoin exchanges, this platform only offers one Altcoin, Ethereum.

Shakepay Crypto Exchange App - Comparewise

While this can be inconvenient for investors looking for a broad range of Altcoins, you can buy this coin here and transfer it elsewhere.

The trading experience at this Altcoin exchange is smooth since it does not charge deposits, trading, and withdrawals. However, you have to cover a 1% to 3% spread fee on your transactions.

Upon signing up to the platform, you must undergo a KYC verification protocol. This is because VirgoCX is a money business service registered under FINTRAC. Account funding options include direct crypto deposits, Interac e-Transfer, and wire transfer.

Netcoins

  • Fast, one-click trading
  • Pay bills and make purchases with crypto
  • Earn cashback in BTC
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Get a $60 welcome bonus when you trade $100 on Netcoins - Claim this offer

7.  Netcoins

Netcoins started in 2014 in Vancouver and was initially a bitcoin ATM provider. It makes our best Altcoin exchange list for its simple interface, making it easy for beginners to venture into crypto trading.

The platform is a registered money service business with the Canadian regulatory authority, FINTRAC. It is hosted by a transparent parent company, BIGG Digital Assets, a public trading company listed on the Canadian Securities Market.

Netcoins offers the following Altcoins to its users:

  • ETH (Ethereum)
  • XRP (Ripple)
  • LTC (Litecoin)
  • USDC (USD Coin)
  • BCH (Bitcoin Cash)
  • ALGO (Algorand)
  • XLM (Stellar)
  • EOS (EOS)
  • AVAX (Avalanche)
  • ETC (Ethereum Classic)

You enjoy free fiat and crypto deposits alongside free fiat withdrawals. However, withdrawing crypto comes at a fee that varies with the coins.

Altcoin Withdraw Cost
AVAX 0.1 AVAX
ETC 0.1 ETC
ETH 0.005 ETH
BCH 0.001 BCH
LTC 0.02 LTC
ALGO 1 ALBO
XRP Free
XLM 1 XLM
EOS 1 EOS
USDC 40 USDC

The trading fee, on the other hand, averages at 0.5%. Account funding options include fiat (USD & CAD), Interac e-Transfer, bank transfer, and direct crypto deposit.

Netcoins Bitcoin Trading - Comparewise

Netcoins has a referral program where you can earn $50 for every successful referral you onboard to the platform. Moreover, there is no referral limit allowing endless bonuses courtesy of your efforts.

8.  NDAX.io

Calgary-based NDAX.io is an Altcoin exchange platform making our list of the best exchanges for its user dedication feature. The platform has a simple platform that newbie traders can use and a dedicated expert one for advanced traders.

You can expect to find Altcoins such as

  • Litecoin
  • Uniswap
  • CAD
  • EOS
  • Ripple
  • XLM
  • DOGE
  • Cardano
  • USDT
  • LINK
  • Ethereum
  • Polkadot

The deposit methods supported by the exchange include bank draft, Interac e-Transfer, wire Transfer, and direct crypto deposits and are free. However, there is a 0.2% trading fee when transacting within the platform.

Ndax Crypto App - Comparewise

Moreover, NDAX.io has a free calculator you can use to know a transaction’s cost before doing it. On the other hand, Withdrawals have a $25 flat fee for bank and wire transfers.

When looking to trade $200,000 or more, the platform has NDAX Wealth, an OTC service. Moreover, you get deep liquidity allowing for quick transactions without price slippage.

NDAX.io stores customers’ assets in cold wallets through its partnership with Ledger Vault. The assets in its custody are also insured against abnormalities such as fraud and loss.

Crypto.com
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9.  Crypto.com

Launched in 2016, Crypto.com joins our best Altcoin exchange for its various features:

  • A credit card
  • An NFT marketplace
  • A crypto wallet
  • Crypto trading, staking, and swapping

The Hong Kong-based platform boasts over 10 million users from 90 countries. Users from these supported countries can enjoy Crypto.com’s services from a mobile application available for Android and IOS users.

Altcoins you can find on the platform include

  • USD Coin (USDC)
  • Ethereum (ETH)
  • Enjin Coin (ENJ)
  • Algorand (ALGO)
  • Paxos Standard (PAX)
  • com Coin (CRO)
  • Basic Attention Token (BAT)
  • OmiseGO (OMG)
  • Litecoin (LTC)
  • Kyber Network (KNC)
  • 0x (ZRX)
  • Chainlink (LINK)
  • Dogecoin (DOGE)
  • Polkadot (DOT)
  • Origin (OGN)
  • Elrond (eGLD)
  • Band Protocol (BAND)
  • XSGD (XSGD)
  • Filecoin (FIL)
  • Balancer (BAL)

The trading fees average 0.4% for trades less than $25,000. However, if looking to invest above this amount, you can enjoy lows of 0.04%.

Banner-Crypto.com Review - Comparewise

The maker and taker table vs trading volume stand as follows:

Trading Volume $ (30 days) Maker Fee (%) Take Fee (%)
≤25,000 0.40 0.40
>25,000 but ≤50,000 0.35 0.35
>50,000 but ≤100,000 0.15 0.25
>100,000 but ≤250,000 0.10 0.16
>250,000 but ≤1,000,000 0.09 0.15
>1,000,000 but ≤20,000,000 0.08 0.14
>20,000,00 but ≤100,000,000 0.07 0.13
>100,000,000 but ≤200,000,000 0.06 0.12
>200,000,000 0.04 0.10

The platform has its coin, CRO, which allows you to secure up to 100% trading discounts. The higher stake you have, the higher the discount, and it starts at 10%.

Security features include multi-factor authentication and a bug bounty program to identify weaknesses. The platform stores assets offline to prevent breaches and in FDIC-insured accounts.

You can open an account easily and fill in the KYC details to start trading. Moreover, the process is fast, and you can be done in less than 10 minutes.

10.  KuCoin

Operating out of Seychelles, KuCoin is another best Altcoin exchange making our Altcoin exchanges list. The platform launched in 2016 and operates in more than 200 nations globally.

You can expect Altcoins like:

  • Ethereum (ETH)
  • Tether (USDT)
  • Binance Coin (BNB)
  • Dogecoin (DOGE)
  • XRP (XRP)
  • USD Coin (USDC)
  • Theta (THETA)
  • Polkadot (DOT)
  • Cardano (ADA)
  • Uniswap (UNI)
  • Bitcoin Cash (BCH)
  • Litecoin (LTC)
  • Chainlink (LINK)
  • Polygon (MATIC)
  • Ethereum Classic (ETC)
  • Wrapped Bitcoin (WBTC)
  • Stellar (XLM)
  • Internet Computer (ICP)
  • Filecoin (FIL)

There are 0% deposit fees, and the trading fees average between 0.0125% and 0.10%. However, note that KuCoin does not support fiat deposits. The withdrawal fees vary with your assets, but you can qualify for low fees by paying the withdrawal using KCS.

Kucoin Mobile App - Comparewise

The platform stores its customers’ assets in cold storage but does not disclose the percentage. Note that this platform was a victim of a major hack attack, but the lost funds got covered by its FDIC accounts.

Gemini
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11.  Gemini

This New York-based Altcoin exchange was founded in 2014 by the Winklevoss brothers. Gemini stands out for its emphasis on security and recently became SOC 2-certified.

Notable Altcoins offered include:

  • Dogecoin (DOGE)
  • USD Coin (USDC)
  • Gemini Dollar (GUSD)
  • Solana (SOL)
  • Cardano (ADA)
  • Uniswap (UNI)
  • Ethereum (ETH)
  • & Terra (LUNA)

The trading fees follow a maker and taker-tiered approach. The fee averages 0.35% to 0.03 for a maker and 0.25% to 0% for the taker.

Gemini Mobile App - Comparewise

Account top-up methods include wire transfer, ACH, debit card, and crypto deposits. There are no deposit fees involved, but there is a 3.49% fee with the debit card.

Gemini stores your assets offline and insures the amount stored in its hot wallet. However, it doesn’t cover assets lost after someone accesses your password.

Coinbase
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12.  Coinbase

A leading decentralized exchange making our best Altcoin exchange list is Coinbase. This exchange launched in 2012 and has 89+ million users from 100+ nations.

The platform has a regular and pro version to cater to traders of varying experiences. Altcoins you can expect to find here include:

  • Ethereum (ETH)
  • Cardano (ADA)
  • Shiba Inu (SHIB)
  • Dogecoin (DOGE)
  • Solana (SOL)
  • SushiSwap (SUSHI)
  • Polkadot (DOT)
  • USD Coin (USDC)
  • Uniswap (UNI)
  • Litecoin (LTC)
  • DAI (DAI)
  • Algorand (ALGO)
  • Stellar Lumens (XLM)
  • Polygon (MATIC)

The trading fee follows the following tiers:

Trade Amount ($) Fee ($)
Less than 10 0.99
10-25 1.49
25-50 1.99
50-200 2.99
Over 200 Flat fee

Alongside these stated trading fees, you must cover a 0.5% spread fee. Other fees include:

Account Top-up Method Fee
Credit/debit card 3.99%
Bank & wallet transfer 1.49%
Crypto transaction 2%
Wire deposit & withdrawal $10 & $25 respectively
ACH 0%

Coinbase stores 98% of its customers’ assets offline for security. There is also multi-factor authentication and a KYC protocol you have to observe. You also have a range of educational materials to help you learn the trading ropes.

13.  Binance

Binance is the largest crypto exchange globally and boasts low fees and vast cryptocurrencies. It was founded in 2017 in Hong Kong but later relocated to Malta.

Through its mobile app, you can access Altcoins like:

  • Basic Attention Token (BAT)
  • Ethereum (ETH)
  • Paxos Standard (PAX)
  • Ripple (XRP)
  • Binance Coin (BNB)
  • Litecoin (LTC)
  • Bitcoin Cash (BCH)
  • Tether (USDT)
  • TrueUSD (TUSD)
  • Stellar Lumens (XLM)
  • TRON (TRX)
  • Cosmos (ATOM)
  • Dash (DASH)

Trading fees average 0.04% to 0.1% for a maker and 0.02% to 0.1% for a taker. However, you qualify for a reduction if you use the platform’s native coin, BNB.

There are no deposit fees for crypto deposits, but fiat deposits attract a 0% to 3.5% fee. The withdrawal ranges from 0% to 2.5% and depends on your transaction amount.

Binance has a referral program where you can earn bonuses on each referral onboarded. You get a 10%-40% bonus when the referral trades on Binance.

14.  Coinmama

Launched in 2013, Coinmama is your best option if a beginner in crypto trading. The platform serves over three million users from 190 countries globally.

Coinmama offers Altcoins such as:

  • Ethereum (ETH)
  • Litecoin (LTC)
  • Bitcoin Cash (BCH)
  • Qtum (QTUM)
  • Ripple (XRP)
  • Ethereum Classic (ETC)
  • Cardano (ADA)
  • Tezos (XTZ)
  • IO (EOS)

Trading fees average as follows:

Tier Trading Volume (30 days) Fee (%)
Curious Less than $5,000 3.9
Enthusiast Over $5,000 3.41
Believer Over $18,000 2.93

You can fund your account through bank transfer (SEPA), SWIFT, Fedwire, Apple or Google Pay, Skrill, Open Banking, and Credit/Debit card. A spread fee is also incurred on transactions and varying fees depending on the payment method used.

Coinmama X Zengo - Comparewise

Unlike other exchanges, the platform does not hold its users’ assets. You stay in control of your assets, so you don’t have to worry in case of a security breach.

15.  CEX.io

Another Altcoin exchange making our best Altcoin exchange is CEX.IO. This London-based exchange started operations in 2013 and boasts over four million users.

Popular Altcoins offered include:

  • Litecoin (LTC)
  • Cardano (ADA)
  • Tezos (XTZ)
  • Ethereum (ETH)
  • Bitcoin Cash (BCH)
  • Tether (USDT)
  • Cosmos (ATOM)
  • Zilliqa (ZIL)
  • Uniswap (UNI)
  • Tron (TRX)

Account funding options include credit/debit cards, bank transfers, ACH, and PayPal. Trading is classified under three categories, namely:

  • Traders
  • Everyone
  • Businesses

Trading fees average 0.25% to 0.01% for a taker and 0.15% to 0% for a maker.

Cex.io Crypto Mobile App - Comparewise

CEX.IO is a registered money service business with FINTRAC, so you can rest assured of law compliance. Your funds are stored in cold wallets to prevent loss in case of a breach.

Things to Consider in an Altcoin Exchange Selection

Trade Volume

As a mindful crypto trader, the trading volume in a crypto exchange you choose is crucial. This volume shows how fast you can buy or sell assets within the platform.

Ideally, you want to select an Altcoin exchange with a high trading volume to buy or sell coins quickly. Low transactions can stagnate your assets resulting in sell-losses and expensive buys.

Security

The market value is rising rapidly as more people embrace crypto. However, security breaches have become rampant since lost crypto coins are untraceable.

In selecting the best Altcoin exchange, you want to select one that has strict security measures. So, check for measures used, check for a security breach history, and the measures taken to avoid such occurrences in the future.

Asset Storage

The best crypto exchanges store customer assets offline to avoid unexpected and costly losses. This is vital since assets stored in cold wallets are safe and inaccessible through the internet.

You can check whether the exchange stores its funds in an FDIC-insured account. This assures you that your assets and money are safe, and you can get them back in case of a security breach.

Customer Satisfaction Level

Various crypto exchange platforms have varying numbers of active users. While there are some having millions of users, others have mere thousands.

As a trade, selecting the most reputable Altcoin exchange available is vital. The best exchange guarantees excellent customer support and satisfaction from the deposit, trading, and withdrawal stages.

Ndax.io Crypto Exchange Platform - Comparewise

Transaction Fees

Each time you transact within a crypto exchange, you pay a specific amount. While you may think these deductions are negligible, they amount to significant numbers.

While Altcoin exchanges charge 0% fees, others go up to 5% on the total amount transacted. However, you can avoid racking the high fees by selecting the most affordable exchange to avoid getting less and giving the exchange more.

Area Availability

While you can access an Altcoin’s website from the comfort of your home, that does not mean you can invest through it. National and state crypto regulatory authorities have not permitted all the crypto exchanges to operate in their jurisdictions.

So, it is advisable to check whether the exchange of choice is regulated and registered to serve users in your area. You do not want to run into trouble with the law or lose your racked profits for demographic conflicts.

Altcoins Availability

Before investing, chances are you have researched the most promising coin. Therefore, as you deposit your funds, you already have decided on the asset to buy.

Selecting an Altcoin exchange offering the specific coins you need is crucial. This will help you avoid impulse buys resulting in unexpected results or losses.

Also, note that while some exchanges offer various currencies, others have a limited selection. Some leading Altcoin exchanges add new Altcoins to their portfolio weekly, so be on the lookout.

Educational Opportunity

As a general rule of thumb, it is advisable to venture into the crypto space with the proper knowledge. This is because blind buys will only result in losses and frustrations.

Luckily, if you are a beginner in the trade, notable crypto exchanges have helpful guides. These assist newbies in learning the ropes. Moreover, exchanges provide new customers with a virtual trading platform resembling real-world trading.

Payment Methods Supported

Different crypto exchanges have their preferred deposit and withdrawal methods. As you choose the exchange of choice, these factors determine your cash movement to and from the account.

Fortunately, the best Altcoins crypto exchanges disclose their payment methods to their users. Some methods include bank transfers, credit and debit cards, Apple and Google Pay, and direct deposits.

Shakepay Crypto Mobile App Exchange - Comparewise

User Interface

The simplicity of a crypto exchange is key to comfort and satisfaction. Using a simple user interface makes navigating through the exchange easy even for beginners.

Ideally, you want to select an exchange you can quickly transact with or carry out any transaction needed. Fortunately, leading exchanges have regular and pro versions for their users.

The standard caters to the traders who want to carry out simple crypto trades. On the other hand, pro platform versions cater to advanced traders conversant with complicated trading features, for example, margin trades.

Best Altcoin Exchange Conclusion

There is no shortage of options for selecting the best Altcoin exchange. However, choosing the best fit for your trading needs is vital.

The above list highlights the top 15 best Altcoins platforms you can use to buy Altcoins. Choose the one that fits your trading profile and meets all the relevant requirements to start crypto investing. Thanks for checking out the best Altcoin exchange.

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Get $20 CAD of BTC with promo code: COMPAREWISE
Min Investment
$100
Target Return
4-7%
Get up to $5,000 cashback on Canada's #1 trading platform.
Min Investment
$100
Target Return
Varied
Trace crypto on Nexo and earn up to 20% APR
Min Investment
$1
Target Return
Up to 12%
Crypto exchange starting with just $10
Min Investment
$1
Target Return
Varied
Trade 150+ cryptos plus use your crypto for purchases
Min Investment
$1
Target Return
Varied
Buy and sell shares in best-selling paintings
Min Investment
$15,000
Target Return
10-25%
Connect with you fave music & own shares of songs
Min Investment
$1
Target Return
Varied
Earn Up to 17% on your crypto and borrow USD
Min Investment
$1
Target Return
2-18%
Earn rewards when you buy and sell crypto on BlockFi
Min Investment
$1
Target Return
Up to 8.6%
Make, buy, and sell digital art NFT's using Ethereum
Min Investment
$1
Target Return
Varied
A marketplace for small and local business investment
Min Investment
$100
Target Return
10-15%
Online real estate investment in one platform
Min Investment
$25,000
Target Return
9-24%

comparewise

June 19, 2022
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FAQs about the Best Altcoin Exchanges

Why do Altcoin prices differ from crypto exchanges?

The prices vary because of the varying market efficiency. This inefficiency comes from the variable trading fees, liquidity charges, and trading volume each exchange has for its users.

Can I transfer crypto to another exchange?

Yes, transferring your digital assets from one exchange to the other is straightforward. Take note of the wallet destination and input it in the send crypto tab. However, ensure to cross-check to avoid sending it to the wrong recipient.

When should I sell my Altcoins?

The crypto market is volatile, and there is a chance your coins can rise or drop in value. If you note your Altcoins have started falling behind others in the exchange market, it is an excellent time to sell.

Which Altcoins are dependent on Ethereum?

Altcoins currently depending on the Ethereum network include USD Coin (USDC), Tether (USDT), Chainlink (LINK), and Binance Coin (BNB). There is also a network upgrade underway to enhance its efficiency.

Why are Altcoins falling in value like bitcoin?

Coins in the crypto market will typically follow the same pattern. When bitcoin rises, other currencies follow suit, and the same happens in case of a fall.

Which currency will take over bitcoin?

Bitcoin remains the first crypto asses in existence and can never be replaced. While modern coins have advanced technology strategies, bitcoin will still dominate the crypto space.

How do you make money trading Altcoins?

The ultimate goal each trader has is to make immense profits. The ideal way of making money through crypto trading is by buying low and selling high.

What does a long-term trading strategy mean?

Long-term crypto trading means buying assets and holding on to them for more than a year or even a decade. During this time, the asset has had its fair share of fluctuations and has appreciated in value.

Is Ripple (XRP) based on Ethereum?

No, ripple is an independent cryptocurrency you can buy on an exchange like Binance. However, you cannot buy this asset directly. You have to buy bitcoin or Ethereum first to buy XRP.

What does KYC mean?

Know Your Customer is a safety measure crypto exchanges and leading money institutions use. This precaution helps avoid identity theft and money laundering schemes, among other criminal activities.

Earn Crypto Bonuses

See the top crypto deals and welcome bonuses on the market.