Get Into Cryptocurrency Trading Today
Cryptocurrencies have been in the market for some time now and have proved to be lucrative investments. Yet, investors have often found themselves at crossroads trying to find exchanges where they can trade cryptocurrency, especially altcoins.
Compared to bitcoin, altcoins have fewer masses. This means that you are likely to find an exchange with a particular altcoin but not the other. As an investor, you should find an exchange that sells most altcoins.
At the end of this read, you will know where to go when looking for specific altcoins. You will learn how the different exchanges differ in light of the altcoins they trade. The article will inform you on the best platforms to exchange altcoins.
The article will give insight into cryptocurrency exchanges that trade altcoins. The review will highlight the platforms’ features. This will include the number of altcoins they exchange and payment methods.
Cryptocurrency exchanges with most altcoins
The best platforms to exchange cryptocurrency are the ones that have the most altcoins.
1. Binance
Binance has the most altcoins and does not support fiat exchange. It supports over 150 altcoins, with its order types being stop limit and market limit. The exciting thing about this exchange is it is supported by its underlying coin, which is the Binance coin (BNB).
This brings about the advantage of a low transaction cost of about 0.1%. In this exchange, the investors use cryptocurrencies to buy other cryptocurrencies. The fact that the exchange has the most altcoins allows the investors to diversify their cryptocurrency portfolio.
The exchange has two interfaces, the basic and advanced interface. The basic interface is designed for beginners, while the latter is for the more experienced investors.
2. Coinbase
If you are looking for an exchange with a pool of cryptocurrencies, this is it. Coinbase boasts more than 30 cryptocurrencies, and to top it up, it is among the most popular altcoins exchanges in the world. The platform was also among the first to be launched. It came into existence shortly after the first cryptocurrency, bitcoin, was launched.
The exchange is regulated, and as an investor, you are guaranteed protection. Coinbase is a good option even for first-time investors, thanks to the platform’s simplicity and usability.
The platform also has custodial wallets for the users to store their investments. The order types available on this exchange are market limit and stop-limit orders. Worth noting too is that Coinbase supports fiat currency.
3. Bittrex
Bittrex is an ideal option if you are looking to trade a wide range of cryptocurrencies. It supports over 190 coins, making it one of the world’s exchanges with the most altcoins. The exchange is regulated within US rules, making it a secure platform.
The platform is user-friendly, making it ideal even for new investors. The order types available on this exchange include market limit, stop limit, and ceiling order types. The platform also supports crypto-fiat exchange.
The exchange has a relatively low transaction fee of 0.25%.
4. Poloniex
Poloniex is a direction worth looking for if you are searching for a crypto exchange with the most altcoins. On Poloniex, you can trade over 100 altcoins at low transaction fees. You can buy and sell altcoins on Poloniex using your debit card, credit card, and even through your bank account.
Poloniex allows cryptocurrency investors to hedge most altcoins with futures. Poloniex interface is user-friendly, making it ideal even for beginners. The registration process to the exchange is also straightforward, allowing new members to begin trading as soon as possible.
5. Huobi
This is a Chinese crypto exchange that claims about 338 crypto assets. It has been a leading crypto exchange since 2013, making it the best place to start your cryptocurrency investment journey. You can buy altcoins on the exchange using your credit card, something that makes the exchange flexible.
The platform provides users with multi-signature wallets to store their funds, guaranteeing the safety of their investment. You can leverage your crypto assets on spot trading through 5X leverage.
The exchange supports crypto-fiat exchange at zero transaction fees. The exchange has 24/7 customer support to ensure that the users have a smooth trading experience. Registration to the platform is also a straightforward process.
Huobi has two versions, the Huobi OTC and Huobi Pro. Huobi OTC allows fiat exchange, while the Pro version has advanced trading capabilities for the experienced investor.
6. CEX.IO
CEX.IO has over 80 coins and supports crypto-fiat exchange. The exchange supports multiple payment options ranging from bank transfers, Mastercard, and Visa. Investors on the exchange also enjoy 24/7 customer support.
Investors do not worry about their funds’ security as the exchange is protected through full encryption of data. The exchange is also compliant with PCI DSS standards to ensure the safety of assets.
Takers and makers also get to enjoy competitive commissions on the exchange. High-volume investors also get special trading conditions.
The exchange boasts high-frequency trading, high-liquidity, and advanced order matching. CEX.IO has a large pool of users and never reported lost assets.
Take away
To have the best and the most productive trading experience, work with a reliable exchange. While there are so many exchanges, not all support cryptocurrency, let alone altcoins. The exchanges that have a variety of coins are among the strongest. They also provide the best trading opportunities.
CEX.IO, Bittrex, Binance, Coinbase, Huobi, and Poloniex are among the most robust cryptocurrency exchanges. They have the most altcoins, giving you a wide range of investment options. While choosing an exchange to trade cryptocurrency, consider the payment options too.
You might want to work with an exchange that allows payments most convenient to you. Also, check whether the exchange supports both cryptocurrency and fiat currency. The different exchanges have varying order types and transaction fees.
It is crucial to look at the different features that the exchanges have to pick one that best works for you. Also, look at the security of the exchange and regulations to guarantee the safety of your assets. Choose exchanges that have wallets where you can store your funds.