Best Altcoins exchanges of 2022 UPDATED

You can find altcoins to invest in on any of the platforms listed on this page. KuCoin has the largest selection, and eToro has a Discover tab to help you find which altcoins are trending. You can also check whether there are deposit and/or withdrawal fees. Other potential fees include account management and inactivity fees. A number of centralised exchanges, like Binance and OKX, offer the trading of crypto derivatives such as futures, perpetual swaps, and options.

In the early days of crypto, many Bitcoin alternatives attempted to improve upon Bitcoin’s functionality as a form of payment. As the cryptocurrency industry evolved, altcoins began to use blockchain technology to solve other problems. For example, VeChain addresses supply chain management, and decentralized finance cryptos could transform the financial services industry.

Which exchange has the most Altcoins?

If the recovery phrase is lost, the user might not be able to retrieve their private keys. 👉 Sign up for OKX for 40% off and to see for yourself how web3 innovation is making OKX one of the fastest-growing exchanges. 24/7 live chat support in the app will help you find a solution to your problems. Install our app to join airdrops and never miss your chance to earn from scratch. Setup price alerts – hold your hand on the pulse of the market and never miss new opportunities.

You will know that you ETH are using a regulated exchange if you are asked to provide KYC information in order to create an account. Security is a crucial factor to consider when choosing a crypto exchange. Finally, be aware that some exchanges require you to complete additional verification tasks to unlock full account features and permit higher transaction limits. It’s also a good idea to research how long you can expect the verification process to take.

Regarding trading fees, eToro charges 1% per trade which is quite expensive compared to similar altcoin exchanges. When you put in an order to buy an altcoin, it will be matched with a sell order. The platform usually charges a trading fee for facilitating this exchange. Some altcoin exchanges may only let you buy altcoins with fiat currencies, while others may only offer crypto-to-crypto trading pairs.

OKX vs Bitget Review 2023: Crypto Trading Platforms Compared

In my personal opinion, today there are much more optimal crypto exchange in the list with the higher rating that I’d recommend for the same price range or less. BitSquare is slightly different from the other exchanges I have reviewed so far as it is a decentralized exchange. This means that, unlike the others, there is no third party between the buyer and seller and no single authority has control over the network. One of the best features of using Cex.io is that you can deposit and withdraw funds using a bank account. If you are based in the E.U then you can use SEPA, but you must use international wire if you’re based elsewhere.

You can find step-by-step instructions on how to buy altcoins on our top recommended platform, eToro, further up. Platforms ought to provide clear instructional resources on how to use them. If you use a platform that provides a demo account, you can trade virtually without risking any money while you familiarise yourself with the platform.

https://www.beaxy.com/ is also one of the best exchanges to earn benefits on altcoins, offering passive rewards for more than 100 altcoins. Seasoned investors can stake their tokens through DeFi staking or locked staking. More frugal investors who are looking for safer investment options can choose Binance savings, where they can earn interest on altcoins through a fixed or flexible savings account. Coinbase is determined to list as many cryptocurrencies as it’s legally able to, and regularly adds new coins and tokens.

• Some exchanges only offer derivatives to professional clients or users in certain countries.
• With over 1,400 altcoins and more than 2,400 trading pairs, Gate.io brings surpasses Binance for the altcoin exchange with the most coins.
• There is a cheaper, 1.45% fee costing option available, known as the ACH transfer.
• Our team reviewed 28 cryptocurrency exchanges and collected over 1000 data points before selecting our top choices.
• Our opinions are our own and we put our readers first to help you find the crypto trading platform that’s right for you.

Opinions expressed on this site are the author’s alone, not those of a third-party entity, and have not been reviewed, approved, or otherwise endorsed. Crypto hackers stole record-high numbers from cryptocurrency businesses in 2022. The same report shows that crypto attacks fell from roughly 250 in 2021 to roughly 200 in 2022.

Free Coins

We hope this article will provide some valuable insight in helping narrow your search, as sifting through the jungle of the hundreds of different crypto exchanges out there can be a daunting task. For easy options trading on instruments like Bitcoin options, Delta exchange is your ideal go-to choice. On Delta Exchange, you can combine both margin trading and attractive leverage for a great crypto options trading experience. Before enlisting the services of an altcoins exchange, you must ascertain its legality status in your location. While many altcoin exchanges claim to have a global reach, their legal standing in your country might restrict them from offering you exchange services.

As crypto has grown more popular and valuable, it’s become a big large target for hackers. Leading exchanges like Binance and KuCoin have been hacked, resulting in tens of millions of dollars in losses. While exchanges often reimburse those whose coins are stolen, nobody wants to be in that position in the first place. Several types of customer service are available, from chatbot to phone support. Customers who are interested in features like in-depth technical analysis might consider paying for Coinbase’s Advanced Trade product, which will also be augmented with increased security. Advanced Trade is also replacing some of the features offered by Coinbase Pro, which was sunsetted in November 2022.

Compare more crypto trading platforms and apps in the US

The interactive UI and the lucrative interest rewards for holding altcoins make Crypto.com suitable for all types of users. Find out how Crypto.com compares to the top exchanges in our full Crypto.com review. Crypto.com is a hugely popular exchange that is best known for its premium mobile app where all of its products and services can be accessed. Its products and services are split between the Crypto.com App, the Crypto.com Exchange, and the Crypto.com DeFi Wallet.

EToro’s social and copy trading platform allows investors to simulate the investment strategies of successful crypto traders on the platform. Users can browse a range of traders who frequently yield high Returns On Investment , follow them, and ultimately choose them to mirror top altcoin traders’ positions. Altcoin investors who are part of the popular investor program can earn a portion of the trading fee whenever the users invest in the program members’ copied assets. Coinbase allows investors to buy altcoins using fiat currencies such as USD, CAD, EUR, and GBP. There is a cheaper, 1.45% fee costing option available, known as the ACH transfer.

• If delisting is taking place, you will be notified by the exchange and forced to sell your assets or remove them from the platform.
• Trading fees start at 0.25%, however, when you start trading with larger amounts, these fees are reduced.
• Before you’re able to fund your account, you will need to complete a verification process.

If you want an altcoin excange reviews-to-use platform that offers good APYs on many popular crypto assets, OkCoin is worth checking out and is great for users located in most countries, including the US. If mass asset support and hunting for rare altcoins is your primary focus, you are going to want to look for exchanges regulated outside of the United States. Regulated US exchanges have quite a few restrictions on what tokens they can list, resulting in fewer assets supported. At the end of our comprehensive analysis, 15 altcoin exchanges made our list. You can use the information compiled on each altcoin exchange review to fast track your research.

Plus, you can find out about market insights and global trends with Bitstamp’s free Crypto Pulse report. Those who are new to CFD trading can take advantage of the demo account to practise in a risk-free environment. There are also trading guides and online courses available, as well as the Investmate app, which provides access to financial education.

This assertion is important because doing this gives you a broad overview of the company’s credibility. Top exchange must have the right tools in place to engage its community of traders. And even when they fall victim to attacks, their response says a lot about their competence.

In 2022, we saw the bankruptcy and collapse of many crypto exchanges, resulting in users losing all the funds they held on these platforms. We always recommend using a self-custodial wallet, you can learn more about the safest ways to store crypto in our Crypto Safety 101 Guide. AEX is a new cryptocurrency exchange that was launched in October of 2017. The exchange offers their services in both English and Chinese as AEX is a Chinese cryptocurrency exchange.

CFD crypto trading is unavailable for clients residing in the UK and US. Any investment in blockchain assets involves the risk of loss of part or all of your investment. The value of the blockchain assets you swap is subject to market and other investment risks.

I’m pretty familiar with the investing beat, having served as the former assistant managing editor of Investing at U.S. News & World Report, where I also launched several newsletter products. My work has appeared in TheStreet, Mansion Global, CNN, CNN Money, DNAInfo, Yahoo Finance, MSN Money, and the New York Daily News. I’m an alumna of the London School of Economics and hold a master’s degree in journalism from the University of Texas at Austin. To learn more about our rating and review methodology and editorial process, check out our guide on How Forbes Advisor Rates Investing Products. Trading fee discounts are available for users who hold high balances in CRO.

Depending on your goals, this may have some benefits or drawbacks. There have been more than a handful of cases in which exchanges have been hacked in crypto’s history, so do your research on what security measures are in place to protect your funds. They typically charge a convenience fee for this, which may be hidden as a spread or markup on the going market rate. But some exchanges still let you deposit crypto and trade crypto-to-crypto without completing the KYC process. Before using any exchange to generate yield, make sure you understand the risks involved, what type of earning the exchange offers and whether it’s appropriate for your needs. Most exchanges that require the Know Your Customer process allow you to deposit and withdraw tens of thousands of US dollars per day.