The Best Altcoin Trading Platforms 2022 (Top 5)
What are the best altcoin exchanges?
If you’re an experienced crypto trader, you’ve probably wondered what are the best platforms out there to buy and sell altcoins, or alternative cryptocurrencies. With many exchanges across the world offering various services for digital assets, choosing where to trade is becoming more and more difficult.
There’s no universal exchange that offers thousands of trading pairs for all existing coins. And more importantly, not all platforms provide safety and support for their customers. Nowadays crypto market participants are forced to pick between advanced functionality and security of their funds — a choice that can be crucial when it comes to saving money. If you’re one of those traders who don’t want to lose money due to lack of attention or scams, check out this article where we’ve gathered advice on how to choose a safe and profitable altcoin trading platform.
If you’re looking for a reliable altcoin exchange platform that supports multiple cryptocurrencies and mega low fees, look no further than Phemex. This is a super user-friendly platform and a great place to start for beginners looking to dip their toes in altcoin trading.
Phemex has a number of features that make it stand out from other exchanges, including its support for atomic swaps and cross-chain transactions. In addition, this cryptocurrency exchange offers users fast funding options like credit or debit cards.
If you’re based in the UK, then this is the place to go if you want to buy or sell some altcoins while avoiding some of the complications associated with traditional cryptocurrency exchanges.
Bybit is a popular global exchange offering a solid trading platform. We recommend this platform for Bitcoin trading in particular for the super low fees. They also offer a variety of other trading pairs and have a low minimum deposit – making it easy to start trading in no time at all. In fact, Bybit is one of the most beginner-friendly exchanges around.
As a hub for decentralized finance Bybit really stands out – users can trade NFTs, earn rewards and access retail investor account management services, making it one of our top DeFi hubs.
There is a wide variety of altcoins available to trade easily with fiat currency pairs, alongside a vibrant NFT marketplace and a great reputation amongst traders. For these reasons, Bybit should definitely be in your thoughts when considering altcoin trading.
Start trading Bitcoin on Bybit and get a bonus of $3500 dollars when you make your first deposit here: https://bit.ly/MDXrewards
Compared to other centralized exchanges that handle large amounts of crypto assets every day, Bitfinex has slightly smaller levels of volume but provides some other advanced features and is still one of the more reliable exchanges as it’s tailored to trader’s safety. After being the subject of a crypto hack in 2016, Bitfinex paid back all the losses to traders whose accounts were affected. That gets them some serious respect from us.
Start using Bitfinex here and get 6% discount on your trading fees: https://www.bitfinex.com/sign-up?refcode=GSog0aBRs
KuCoin is an altcoin degens paradise. With over 600 cryptocurrencies available on its platform, it’s a great option for altcoin traders looking for smaller market cap, relatively under the radar alts.
Also based in Hong Kong and founded in 2017 KuCoin features a highly advanced web-based trading interface. Just be careful when trading and using high leverage as sometimes the slippage on the platform is known to be an issue.
KuCoin also has its own token called KCS that you can buy or earn on the platform. You can use these tokens for discounts when placing orders on the exchange or pay lower fees when withdrawing funds from it.
Binance was founded in July 2017 by Changpeng Zhao (CZ), with the goal of providing users with a reliable, efficient and secure digital currency exchange platform. It has over 1 million registered users and offers more than 100 coins on its platform. With low fees and tons of features, Binance is a solid place to turn to for your altcoin trading.
Advanced traders will also find many useful features at their disposal – from margin and futures trading to retail investor accounts, Binance has got you covered.
Claim a $100 bonus by signing up for a Binance account here: https://accounts.binance.com/en/register?ref=11108501
How to choose the best Altcoin exchange
All of the exchanges on our list are tried and tested and have their own unique strengths and weaknesses. Ultimately the best altcoin exchange for you depends on your own trading strategy, experience and preferences but hopefully this article has given you some insight into some of the best options available. Happy trading legends!