The 6 Best Altcoin Exchanges of 2024

Table of content

• What Is an Altcoin Exchange?
• How To Choose The Best Altcoin Trading Platform?
• The Best Alt Exchanges for 2024
• Withdrawal

Every altcoin exchange charges a fee. This implies that you'll be charged a commission for each buy and sell order you create. In most situations, since eToro is the lone exception to the rule, this fee is expressed as a percentage of the total trade value. The alt exchange rate is also something to take into account when you're buying or selling altcoins because it can appreciably affect your profits.

With the abundance of over 300 cryptocurrency exchanges available around the globe, finding the one that is most suitable for your needs can be challenging. Thankfully, CoinMarketCap provides a comprehensive list of all existing platforms, so finding the perfect fit should not be too challenging!

We'll clear the mist by going through the most vital things to consider while selecting the finest altcoin exchange for your needs in the sections below.

You'll need to open an account and deposit money on the most effective altcoin exchanges out there to use them. Trading Bitcoin for an alternate digital currency, like Ethereum, requires that you first open a new account and deposit money with valid official identification papers such as your driver's license or passport.

Here is a short list of the most excellent altcoin exchanges to consider today.

• Crypto.com – great exchange to make money
• ByBit – exchange offering derivatives
• Nexo – great platform for earning interest on digital assets
• Bitfinex – an excellent platform for advanced cryptocurrency trading
• eToro – the best altcoin exchange in the US
• Binance – popular exchange with low commissions  
• Coinbase – a good exchange for beginners
• Huobi – Best Exchange for Diversification
• Webull – invest in cryptocurrency for just $1
• Luno – handy app for exchanging altcoins
• Kraken – trade altcoins with leverage
• Gemini – safe and regulated altcoin exchange in the US

When searching for the best altcoin exchange, we considered the following factors:

• Regulation and trust
• Supported altcoin markets
• Availability of leverage and margin
• Fees and commissions
• Trading tools and features
• Minimum deposit requirements
• And more.

We'll concentrate on the preceding aspects in our evaluations below, which cover the top five Altcoin exchanges for 2024.

If you're looking for a Coinbase substitute, Crypto.com is the perfect exchange to look into! It has more than 250 altcoins that can be great long-term investments – what's even better? Completing account setup only takes minutes and after being confirmed, you may use your debit or credit card to purchase cryptocurrency immediately. Don't hesitate; start investing in crypto today with Crypto.com!

For those wishing to save money, opt for sending cash electronically via ACH or a local bank transfer. Best of all – it's free! And when the payment arrives, you'll only be charged 0.40% per slide. An added bonus is that CRO – one of the most popular altcoins on the market – has even lower trading fees due to Crypto.com's involvement!

After an in-depth investigation, it became apparent that Crypto.com is the perfect altcoin trading platform to gain more returns on your cryptocurrency investments. Not only does this incredible crypto savings account accommodate a range of various types of altcoins but also provides you with passive income depending on how long you lock tokens – from one month, three months or even no locking period!

To skyrocket your APY and Google Ads, you should invest in CRO tokens. Crypto.com is renowned for its crypto loans, which grant cash without forcing the sale of any cryptocurrencies – hassle-free! To top it off, this platform offers a secure mobile wallet app as well as an NFT trading platform to optimize user experience.

eToro is the ultimate cryptocurrency trading platform, giving you an unparalleled opportunity to purchase and trade multiple digital currencies at a competitive rate of only $10. Not only that, but eToro also has meager commissions – making it an ideal choice when you need to fund your account cost-effectively. Take advantage of this exceptional opportunity!

For those residing in the United States, there are several cost-free methods for depositing into a cryptocurrency exchange. These include debit or credit card payments as well as PayPal, Skrill, ACH transfers and domestic wire transfer deposits – all of which require just $10 to open an account!

If you're aiming to invest in cryptocurrency on eToro, Ethereum, Binance Coin, Cardano, EOS and Monero are your best options. But that's not all – decentralized finances such as Decentraland, AAVE Cosmos and SushiSwap should be taken into consideration too! On top of that, a smart portfolio could be just the thing for those looking to purchase crypto on eToro.

eToro is a trailblazer when it comes to replicating deals in the crypto industry. This remarkable tool enables you to replicate professional traders’ strategies, helping you buy and sell digital coins without doing any of the actual trading yourself. Moreover, eToro provides opportunities for trading stocks & ETFs, forex products as well as commodities and indices – giving users an incredibly robust array of options!

eToro is an ideal platform to transact stocks online. For those seeking increased autonomy and privacy, eToro also provides you with the option of trading in cryptocurrencies without any apprehensions about your confidential keys being stolen. Furthermore, their iOS and Android applications come with a mobile crypto trading feature that makes transactions even more convenient!

Binance is a well-known altcoin exchange that charges low fees. With Binance, you can easily access hundreds of markets and benefit from exceedingly low trading fees. Trading with them often comes with a 0.1% commission + discounts when buying the BNB token (similar to Huobi and Crypto.com). Are you searching for help to acquire this cryptocurrency? Look no further as we have created a comprehensive guide that offers all the answers!

Binance's trading platform boasts sophisticated tools for the technically inclined. For those who are new to crypto and want to buy altcoins in US dollars, Binance offers an easy-to-use interface, as well as a range of payment methods with varying deposit fees – ACH transfers or bank deposits, come without any additional fee attached!

US customers paying by credit or debit card will be charged an additional 4.5% on top of the 0.5% instant transaction fee already applied to their transactions. Alternatively, you may use BTC and deposit them into your Binance account – this process typically takes 20 minutes for it to reach and reflect in your balance due to its decentralized Trust wallets setup by Binance itself!

The Binance web wallet gives you direct access to decentralized applications (DApps), such as Pancakeswap. Newcomers might want to keep their altcoins on a Binance web wallet instead. Protecting your account is our utmost priority, so two-factor authentication and IP whitelisting are utilized. That way if you have the need to log in from a new location, we'll simply require additional identity confirmation.

Coinbase – beginners should use a reliable exchange. With Coinbase, novice traders can easily enter the world of altcoin trading in 2022. With this user-friendly platform, any individual can begin their journey – no matter what your level of skill or experience is. Opening an account is a breeze and you can do it right from the solace of your own domicile! So don't wait; take action now and join today! Plus, its impressive selection of debit and credit card options makes Coinbase a top choice among many crypto enthusiasts. Don't hesitate any longer! Secure your spot and begin investing in altcoins now before it's too late!

Although less expensive than Binance, there is still a fee of 3.99% when using debit or credit cards to purchase cryptocurrencies as well as PayPal purchases. However, ACH transfers are free and you'll only have to pay the standard 1.49 percent service charge for financial transactions. Additionally, cryptocurrency deposits are accepted so that you can use your existing altcoins to buy other coins too!

When it comes to the size of cryptocurrencies that Coinbase supports, mid-to-large-cap coins are generally what you'll find. Ethereum, Shiba Inu, Dogecoin, Cardano, and USD Coin are some examples. XRP and BNB stand out as the exceptions at Coinbase. But when it comes to security, don't worry – 98 percent of customer tokens are kept offline in cold storage.

Coinbase requires two-factor authentication for added protection for your money. Once you've obtained the cryptocurrency tokens you want, you can keep them in your Coinbase web wallet. For the most secure route, transfer your funds to Coinbase's non-custodial wallet application available on both iOS and Android devices. This cutting edge technology is designed to ensure that you rest easy knowing your money is safe.

Huobi is the greatest altcoin exchange for diversification. If you're looking to diversify your investments and explore the best DeFi coins, Huobi is one of the most reliable altcoin exchanges. Boasting hundreds of alternative cryptocurrencies across various trading markets – like spot trading for example – this platform has all that's needed to cater to investors of any kind.

For those of you with a higher risk tolerance, trading altcoins on this top-notch cryptocurrency exchange is possible. Furthermore, savvy traders may find that the derivatives markets present an even more profitable opportunity to make money via futures contracts which can be opened using margin. Many of these opportunities involve USDT-related cryptocurrencies and promise huge rewards for successful trades!

Investing in cryptocurrencies has never been simpler with Huobi's extensive network of trading pairs and competitive plans. Plus, the transaction fee is very reasonable at 0.2 percent per slide – making it an economical option for anyone trying to get into the market. Furthermore, if you have a Huobi token (HT), your fees will be reduced by half!

Investing in the volatile world of cryptocurrencies can be particularly rewarding when done through Huobi. With its large selection of altcoins and access to significant APYs, you'll have plenty of opportunities for success with your investment. The blockchain time is usually quite short at 7-14 days, while also offering the added convenience of purchasing these assets by credit card – a great feature! Huobi's suite of services makes it an ideal choice for those looking to make money on their cryptocurrency positions.

Skilling – Best Place to Trade Altcoins With Leverage. Higher profit potential awaits those who trade altcoins with leverage, and Skilling is the perfect place to do so. With up to 50:1 leverage on crypto, this platform puts many of its competitors to shame. On Skilling, you can trade CFDs on more than 50 altcoins while also having access to hundreds of other instruments, like shares, commodities, indices, and forex.

Being fully licensed and regulated by authorities, Skilling keeps both funds and personal information secure. If you ever need help, our customer support team is available Monday through Friday and can be contacted via phone, email, or live chat. We offer two unique trading platforms- the Skilling Trader platform and the cTrader platform. The former is ideal for novice traders who desire an intuitive and user-friendly experience.

The latter is perfect for more experienced traders as it provides a variety of indicators, and algorithmic trading, along with advanced order functionality and risk management tools. Although unfortunately not available in the US, Skilling provides a good variety of deposit methods to users in other countries. The mostly free platform has a fee though for using Skrill and Neteller. The minimum deposit for Skilling is only $100, and there are zero commissions on any trades made! Additionally, their spreads are also very competitive, starting at 0.1 pips.

However, it's worth noting that you will need to check the specific altcoin's page to find out the accurate costs. If you're captivated by what we have to offer, click here for our full review!

To assist you in your 2021 cryptocurrency trading endeavors, we have hand-selected the cream of the crop—our chosen altcoin exchanges. We took into consideration a variety of essential factors such as security elements, fees involved, quality customer service support, accessibility to varied markets and other pertinent trading tools. See below for our top rated choices!

eToro is a popular platform for trading cryptocurrencies. Said, eToro allows you to deposit U.S. dollars without cost using a debit/credit card, which you can then use to trade altcoins in a user-friendly environment.