If you are looking to buy altcoins but aren’t sure which best crypto exchanges are, then you’ve come in the right place.
Generally, the majority of crypto exchanges allows you to trade, buy, or sell digital currencies. This can either be from crypto to crypto or from fiat to crypto. In most cases, investors look out for exchange platforms are user-friendly. Those that offer exceptional security measures and excellent functionality lead the charts.
But you will find that most of these exchanges mainly support the top 20 altcoins by coinmarketcap. Here is an array of some of the respectable cryptocurrency exchanges that you should consider.
Coinbase
Coinbase is among the most popular and well-known cryptocurrency exchange in the world. Millions of users use the platform, and as well it’s backed by renowned and trusted investors globally.
In fact, Coinbase is among the first exchange platforms to be launched. It was founded in 2012, and it’s based in San Francisco.
Coinbase allows users to deposit and withdraw funds quite easily. It offers competitive fees, buying options, and advanced trading features.
Additionally, Coinbase offers great advanced security, it’s user-friendly, has a good reputation, and the Coinbase insurance ensures all its stored digital currencies.
Binance
Binance is another rapidly growing cryptocurrency exchange founded by Changpeng Zhao. Binance owns its digital coin known as Binancecoin (BNB).
Furthermore, Binance offers a mobile app for Android and iOS thereby making it very easy and efficient to trade cryptocurrencies. Additionally, Binance supports over 130 cryptocurrencies. They include Bitcoin, Ethereum, Ripple, Bitcoin Cash, DASH, Litecoin, GAS, and EOS among others.
Binance also offers low transaction fees — 0.1% standard trading fee. Compared to other exchanges, its fee structure is unique and affordable.
Binance has a user-friendly interface with maximum security. The user registration process with Binance is also quite fast and straightforward. Binance is indeed among the best cryptocurrency exchange in the world.
BitMex
BitMex is a popular and high-volume cryptocurrency exchange founded by a team of expert economists, web developers, as well as high-frequency traders. With BitMex, you won’t face any issues concerning the liquidity of your funds.
Although the primary digital currency traded in this platform is Bitcoin, it also supports altcoins such as Ethereum, Litecoin, Ripple, Cardano, and Bitcoin Cash among others.
Furthermore, the user-registration process here is quite simple since you only need your email ID. BitMex fee structure fee structure is also affordable and straightforward. The security of your cryptocurrencies is also guaranteed.
BitMex is a great cryptocurrency exchange platform with a user-friendly interface. So, if you are new to this, you won’t have any problems.
Bittrex
Bittrex is a secure and easy-to-use US-based exchange platform. It allows you to trade more than 190 cryptocurrencies. Regarding the security of Bittrex, there is nothing to worry about since it’s well regulated with the current US rules.
The transaction fee of Bittrex is also quite considerate. It allows its users to choose the various rates in which they wish to trade and then charges the users a standard service fee of 0.25%.
The user interface in Bittrex is also quite clean. To get started, you will need your email ID to register.
Poloniex
Poloniex is another excellent option when it comes to cryptocurrency exchange platforms. It was founded by Tristan D’Agosta, and it has operated since January 2014, and it’s based out of the US.
Poloniex offers more than 100 cryptocurrencies to all its users. The fee structure of Poloniex is also quite straightforward.
If you are a newbie as far as buying altcoins is concerned, with Poloniex, you will have no challenges as its user interface is friendly, and it’s secure. Additionally, it’s quite easy to register with Poloniex.
KuCoin
KuCoin is another great and easy to use cryptocurrency exchange platform. Like Binance, KuCoin also offers a fully functional mobile app for iOS and Android.
KuCoin offers several coins including $KCS, DragonChain, and many more. Concerning the fee structure, their fees are comparatively lower than other popular exchanges.
KuCoin is growing quite rapidly, and with time, it’s expected to make headlines. The registration process is straightforward.
Huobi
Huobi is a crypto exchange platform founded in China. It claims to support over 250 cryptocurrencies.
Huoni is also rather unique as it operates in two different versions. The Huobi OTC- here, users are allowed to trade cryptocurrencies with fiat currencies at zero fees. The Huobi Pro version, on the other hand, is designed with advanced cryptocurrency trading capabilities.
Huobi supports various coins including LTC, BCH, BTC, XRP, EOS, and DASH among others. Huobi user registration and fees structure is straightforward and offers 24/7 customer support.
Kraken
Kraken is a renowned crypto exchange platform that offers a large fiat currency exchange including USD, pound, Yen, Euro, and much more.
Kraken was founded by Jesse Powell in 2011, and it supports over 17 cryptocurrencies. Additionally, the Kraken fees structure is also quite straightforward with a maker and taker fee of about 0 % to 0.26%.
Kraken supports cryptocurrencies such as Bitcoin Cash, Bitcoin, DASH, Litecoin, Monero, Ethereum, Ripple, Zcash, Tether, and many more.
Bitstamp
Bitstamp is based out of Slovenia and was formed in 2011. It supports several cryptocurrencies including BTC, LTC, ETH, BCH, and XRP.
As far as the fees structure is concerned, Bitstamp has one of the lowest transactional fees in the market today. It offers a 0.05% fee for international wire transfers and a rate of 0.09% for international withdrawals.
It’s a convenient platform to buy your altcoins as it allows EUR, USD, Litecoin, Ethereum, Bitcoin Cash, or Ripple deposits.
The user interface of Bitstamp is friendly and very easy to use for beginners as well as other crypto enthusiasts.
Factors that make the best
Those are just but a few of some of the best crypto trading platforms in the market today. However, before deciding to use any platform, either to trade, buy, or sell cryptocurrencies, make sure you do thorough research on the various platforms in order to choose the best.
Here are a few important factors to look out for in a cryptocurrency exchange platform;
● Security — crypto exchanges security is vital. This way, you will have peace of mind that your funds are secure. Remember, crypto exchanges are vulnerable to cyber-attacks. That’s why it’s also not a good idea to store your money in the exchange platforms after buying.
● Cryptocurrency supported — before deciding on any exchange, make sure it supports the altcoins that you want to invest in.
● Fees and commissions — consider exchange platforms with considerable fess, you don’t want to lose almost your profits paying for transaction charges
● Modes of payment — look out for the method of payment and see if it’s convenient for you.
● Ease of use- the user interface of the platform should be simple and easy
Conclusion
Now that you have an idea of some of the best crypto exchange platforms in the market, you can go ahead and decide which platform works best for you. It’s also important to know that all these platforms have their own perks and cons.
Moreover, before investing in any cryptocurrency, make sure you know all the basics and also gather all the necessary information concerning cryptocurrency trading. Be aware that crypto trading is as likely to make you a millionaire as eating up the very last coin in your pocket.