The rise in popularity and investment opportunities of cryptocurrencies has led to the search for reliable and efficient cryptocurrency exchanges to buy and trade cryptocurrencies.
With the incredible rise to $20,000 USD Bitcoin made many people rich and happy. And finding the next gem that could see a similar rise is, of course, a common reason for why so many people want to find an altcoin that can be the next Bitcoin.
There are so many cryptocurrency exchanges right now that it can sometimes get extremely confusing selecting one. How can you pick a reliable exchange when there are more than 300 exchanges right now listed on Coinmarketcap.com? And you might have heard about the many hacks involved with crypto exchanges?
So with that in mind, we wanted to create this list of the best cryptocurrency exchanges in the world right now for buying altcoins. Reliable, safe and good value for your money platforms. Where you can find the next Bitcoin.
The selection of the best crypto exchanges will be made based on some essential factors, which include the number of available altcoins, transaction time, fees and charges, deposit methods, security, and other vital factors.
These don’t mean other crypto exchanges that don’t make this list are not good enough for you to consider; we just feel you should take a closer look at the following outlined ones first. Without wasting further time, let’s explore our top crypto exchanges to buy altcoins at:
9 Best exchanges to buy altcoins at right now:
1 ) Binance
Binance launched in 2017 and can undoubtedly be considered as the top cryptocurrency exchange as it possesses the highest volume via market cap. Considering the short period range of launching the platform, the Malta-based company has done an impressive job to stay at the top of the list.
(Learn more about what cryptocurrency market caps are).
Binance operates straightforwardly and has a forefront that is reputable and liked, CEO Chandpeng Zhao. The Binance trading crypto exchange also offers one of the lowest if not the lowest charges associated with trading, 0.1% a fee that can be further reduced if the user is paying with BNB.
The global platform Binance.com is not available to the USA, so users from the U.S. and Singapore can make use of their subsidiary website Binance USA and Binance SG, respectively.
The first impressive quality of Binance that shines through is how easy to use the platform is.
Binance has done a great job of making it easy for beginners to experts alike to navigate through the platform and find what you need. Registering, trading, depositing and everything else on the website are easy and without any unnecessary hassles.
Also, the crypto exchange platform has proven over time to be secure and safe to use for conducting crypto transactions, even in a sketchy crypto market. Binance tops the world cryptocurrency exchange with an astonishing average daily trading volume of $1 billion dollars.
Binance is one of the most fast-growing crypto exchanges and one that always strives to provide the best service to its users and stay on top by staying updated with the world advancements.
Another highlight of why Binance is one of the best exchanges in the world is their work on creating a secure platform. That can withstand hacks and thefts. So right now it is one of the most secure exchanges available. And not only that, but they have also added a fund that will reimburse users in the unlikely case of any hacks. Find out more about its SAFU fund here.
Find a useful guide on getting started with Binance here.
What are the pros of Binance?
- The platform provides multilingual support
- Binance offers effective mobile apps for all Operating System (O.S.)
- The platform always strives to offer the best, always offering new exciting altcoin and the latest features such as the SAFU fund on the platform
2 ) Coinbase
In terms of popularity, Coinbase is probably the most reputable cryptocurrency exchange in the world. The platform is so easy to use, navigate and buy cryptos at. And it is also one of the most secure cryptocurrency platforms around.
So with new additions of exciting altcoins, Coinbase has grown to become a full-service crypto platform. Previously Coinbase only had the big coins available for trade. But they have in recent years added quite a few additional altcoins. Which makes them a great option to have on this list.
The website is extremely well arranged, which makes it comfortable for new users to understand and get started when using the platform. The Coinbase crypto exchange platform offers its users with a wide range of depositing options, which include bank transfer (and SEPA), debit and credit card deposits, and crypto payments.
Due to the focus and priority the platform places on user-friendliness, it is an obvious recommendation to new crypto users.
Coinbase has been much around Binance as it was launched in 2012 and has had its own fair of criticism from time to time. But they have taken any criticism onboard and made improvements on their exchange. And right now we can definitely recommend this exchange to anyone. The thing you need to be aware of is that their fees can be a bit higher than others on this list.
Learn more about Coinbase here.
Still, Coinbase has done so much already for the crypto world and still continues to improve on its services. The Coinbase crypto exchange platform has brought in a large number of new users into the crypto world and has helped them integrate into the system faster with its user-friendly platform.
The platform also helps to educate users about the use and importance of the blockchain and cryptocurrency through its Coinbase earn and learn program.
Also, the crypto exchange offers a subsidiary platform, Coinbase Pro, mainly for experts crypto traders, which charges a lesser fee and offers more modern and advanced tools (Find out the difference between Coinbase and Coinbase Pro).
What are the pros of Coinbase?
- Ease of usage and the best UX
- One of the most used and trusted crypto exchange in the world
- Options of variation for beginners and experts through the Coinbase Pro
3 ) OKEx
The OKEx crypto exchange platform was founded in 2017. And similar like with Binance it has grown exponentially in a very short time. So right now it has one of the biggest trading volumes in the world. This combined with their many altcoins makes OKEx a great alternative on this list.
The OKEx crypto exchange has its headquarters in Hong Kong but has some part of the company in Malta, which is a more open community for blockchain and also tax-friendly.
OKEx offers different trading options to its users, fiat-to-crypto, and crypto-to-crypto trading option on more than 100 listed cryptocurrencies on the website. In 2018, OKEx launched a new crypto derivative product that allows its users to speculate on the future value of BTC/USD.
In 2019, OKEx announced the addition of Fiat to cryptocurrency trading pairs for the European market on its platform. The OKEx crypto exchange provides users good trading volume and a wide range of listed cryptocurrencies to select from
Learn more about OKEx here.
What are the pros of OKEx?
- Great trading volume, making buying and selling altcoins extremely easy at all times
- They have one of the best selection available for trading altcoins. So if there is a new altcoin that you want to buy, the likelihood is great that OKEx has it
- It has a lot of great trading features and it is a very simple to use exchange
4 ) eTORO
eTORO is such an interesting exchange. It combines a world-leading social trading network with both crypto and stock investment.
There is no other exchange in the world that does this on one platform. So if you want to find a cryptocurrency exchange with an edge then look no further than to eToro. Here you can buy the major coins but also new altcoins. And you can get trading tips from experts to community investors. Copy other’s portfolios and trades. And many more extremely useful features.
All of this makes eToro a great option and alternative to the many other cryptocurrency exchanges that work in a similar fashion.
eToro is part of the new wave of the global tech company that hopes to improve the finance and banking sector. The platform has a lot of users and offers advanced and modern innovative trading plus investment tools.
The eTORO crypto exchange platform provides its users the option to trade crypto like every other crypto exchange platform but differs by incorporating the stock investments into it.
You have the opportunity to view and copy a fellow investor and view public portfolios. This strategy can help build up a more reliable and successful breed of crypto traders as they get to learn from expert traders and can as a result of this grow.
Learn more about how eToro works here.
The eTORO crypto exchange offers a great selection of cryptocurrencies. And you can also easily deposit money to eToro using either your bank account, credit or debit card or other payment methods. Such as PayPal, Skrill, cryptocurrency payments and more.
That means you can use eToro for all your investment opportunities. Both investing in the bigger more popular coins like Bitcoin, Ethereum, Ripple and the smaller altcoins. But you can also invest in stocks, and get social tips from investment experts. Combined with easy payments in and out, making this exchange a full-stop platform.
What are the pros of eTORO?
- The eTORO crypto exchange platform is trustworthy and provides so many useful features
- The copy trading strategy is a rare feature on crypto exchanges
- Wide range of payment options making paying in and out of this platform easy for all
5 ) BitMex
BitMex crypto exchange is another exciting exchange that offers the trading and buying of altcoins easily available. The platform provides support for some other altcoin but places a top priority on Bitcoin.
The BitMex crypto exchange platform is an exchange with a high volume crypto exchange, and the platform was created with a joint effort of economists, expert traders, and professional web developers as a result of this providing one of the best crypto communities.
The BitMex crypto exchange provides an accessible guide through the registration process for new users, and the only information required for registration is a valid email I.D.
The BitMex provides an open and straightforward fee structure that is also relatively low. The platform is integrated with an advanced API that operates with similar technology as those used by top investment banks. The platform also possesses one of the best securities in the world of crypto exchange, as it employs the use of multi-factor security.
What are the pros of BitMex?
- The BitMex engine regularly audits and updates the history of accounts per second
- The XBTUSD pair on the BitMex platform is the most liquid in the world
- BitMex provides users on the platform with 100× leverage on Bitcoin and other altcoins
6 ) Kraken
Kraken is a San Francisco based crypto exchange founded in 2011. It is one of the oldest cryptocurrency exchanges around and also based on Euro volume and trading liquidity, it is one of the largest Bitcoin exchanges in the world.
The Kraken cryptocurrency exchange was founded by Jesse Powell, a popular figure in the crypto world. And as a CEO of a world-leading exchange, he has often emphasized the danger associated with leaving funds on exchanges with Kraken inclusive.
The strongest point of the platform is the transparency and honesty it offers to its users. The Kraken website is easy to use and provides notes to help new users navigate through the website.
Kraken crypto exchange offers an investor-friendly fee structure, which is one of the lowest around, and the platform rewards investors the more they trade on the platform.
Kraken provides users with multiple ways to fund their accounts, funding options, which include fiat currency, cryptocurrencies, and corporate funding. The platform also allows investors on the network to trade Fiat to crypto anywhere quickly and with high security.
Learn more about how to use Kraken here.
What are the pros of Kraken?
- It is one of the oldest, and therefore a level of trust has been built with crypto investors
- Offers a wide range of trading options
- It is one of the most open and trustworthy crypto exchange around in the current world
7 ) KuCoin
KuCoin was launched in 2017 and has made a strong reputation for itself amongst the high number of cryptocurrencies currently in the world. The platform has its own altcoin known as the KuCoin Share (KCS), and the holders of the KuCoin token gets a discount on a trading fee on the platform.
KuCoin has most of the popular and in-demand token on its platform, and they are available for trading. The fast-growing crypto exchange has positioned itself as a close and robust competitor to Binance over the years.
What made KuCoin unique highly sought after was how quickly they added new exciting altcoins to their exchange.
Often when you heard about a new exciting altcoin and you looked where you could buy it, the answer was more often than not KuCoin.
And the same went for when coins had their first listing after finishing an ICO, the answer was often KuCoin. So you can see a pattern here. We recommend anyone to keep track of KuCoin, to follow new listing. But also for other cool features such as soft staking.
So when it comes to creating a top list for best altcoin exchanges it is impossible to exclude KuCoin from it. Here you can find many new altcoins with great and unlimited potential readily available on the platform. So that investors can readily hold and trade, which one of the reasons for the high adoption by many investors.
The KuCoin crypto exchange offers recent news that can affect the value of cryptocurrencies on its platform to enable both new and expert traders to stay updated always
Learn more about KuCoin and using the exchange here.
What are the pros of KuCoin?
- Fast speed of adding new altcoin
- Holders of KCS get to enjoy a discount on the percentage of trading fees on the platform
- High-speed and responsive customer service
8 ) Changelly
Changelly makes this list of the best altcoin exchanges because of one significant edge it provides over others, which is the lightning-fast trades investors can make on the platform. This feature is a rare and useful feature desired by most crypto investors, with the ability to perform quick and instant trades without delays.
Also, the crypto exchange has over 150 cryptocurrencies listed and available for instant trades on its platform. The Changelly crypto exchange platform offers a wide range of trading options due to the high number of cryptocurrencies listed on the exchange
Changelly offers investors on its platform open and transparent fees and low trading rates. This is recommended for traders and holders that like to make quick and easy crypto investments. And trust that they are using an exchange that won’t trick or hassle them.
Changelly is a straightforward crypto exchange with some great features. To top it all, Changelly has a functioning mobile app which is available on iOS and android to make the exchange easily accessible for its users.
Learn more about Changelly and other great instant-buy crypto exchanges.
What are the pros of Changelly?
- The instant trading option that Changelly provides is a great feature. And it together with its instant buy-features makes Changelly a great crypto exchange for the beginners
- Changelly offers an excellent selection of some of the best cryptocurrencies around. They have plenty of exciting altcoins available for easy trade.
- The website is first and foremost really user-friendly and easy to use
9 ) Bittrex
Bittrex, a U.S. based company, offers one of the most substantial Bitcoin trading volumes out of all exchanges in the world. The Bittrex crypto exchange provides investors with the option to trade more than 190 cryptocurrencies at a time on the platform.
The platform offers one of the best securities for funds out of all other crypto exchanges in the world, which is why it is the preferred choice of most reputable investors.
The registration process on Bittrex is relatively easy, and users are required to only provide their email I.D. However, to withdraw funds from the platform, investors are required to complete the KYC verification process, which involves users to provide a valid document of identification
What are the Pros of Bittrex?
- The platform offers access to advanced trading tools
- The platform provides high security for funds
- Provides one of the most massive Bitcoin trading volumes in the world
We hope that this guide to some of the best cryptocurrency exchanges to use when you want to buy altcoins was helpful. As we said, in the beginning, there are plenty of other good exchanges. But there are also some lesser ones. So with this list, we hope that we have at least narrowed it done a bit for you. So you can pick an exchange that you can trust while buying and selling interesting altcoins.
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Per Englund – Founder of Go CryptoWise a cryptocurrency and tech fan that want to see better and smarter products and services that make our lives better and easier