11 Best Altcoin Exchanges

Hedge With Crypto aims to publish information that is factual and accurate as of the date of publication. For specific information about a cryptocurrency exchange or trading platform please visit that provider’s website. This information is general in nature and is for education purposes only. Hedge With Crypto does not provide financial advice nor does it take into account your personal financial situation. We encourage you to seek financial advice from an independent financial advisor where appropriate and make your own enquiries.

Without further ado, here's our final selection below.

1. Binance – Best overall altcoin exchange with low fees
2. Bybit – Best platform for altcoin trader
3. Kraken – Best altcoin platform for USA traders
4. Coinbase – Best altcoin exchange for beginners to use
5. eToro – Best platform to copy-trade altcoins
6. Kucoin – Best for selection of altcoin trading pairs
7. MEXC – Best for trading a wide range of altcoins
8. Phemex – Best for privacy-focused traders
9. Crypto.com – Best mobile app for buying altcoins
10. Gate.io – Best for exotic altcoins
11. Huobi – Best all-round altcoin exchange

List of Top Altcoin Exchanges Compared

Below is a comparison list of the top altcoin exchanges that we reviewed in this guide. The parameters considered during the review are the number of crypto assets listed, the trading fees, the ease of use, and the security.

EXCHANGE	CRYPTO ASSETS	TRADING FEES	RATING	PROMOTION	WEBSITE	REVIEW
Binance	385	0.1% (spot) and 0.02% / 0.04% (Futures)	Rating We provide an overall weighted average rating out of 5 stars. Our ratings are based on objective criteria like the ease of use, fees, deposit methods, customer support and availability. Our reviews are not influenced by 3rd parties. Click here for further information about our rating methodology and a full list of categories we review against. 4.8 / 5	Up to $100 welcome bonus	Visit Binance	Binance Review
ByBit	331 (608 trading pairs)	0% (spot), 0.06% / 0.01% (futures)	Rating We provide an overall weighted average rating out of 5 stars. Our ratings are based on objective criteria like the ease of use, fees, deposit methods, customer support and availability. Our reviews are not influenced by 3rd parties. Click here for further information about our rating methodology and a full list of categories we review against. 4.8 / 5	0% trading fees for 30 days (spot only)	Visit ByBit	ByBit Review
Kraken	222	0.16% (maker) and 0.26% (taker)	Rating We provide an overall weighted average rating out of 5 stars. Our ratings are based on objective criteria like the ease of use, fees, deposit methods, customer support and availability. Our reviews are not influenced by 3rd parties. Click here for further information about our rating methodology and a full list of categories we review against. 4.8 / 5	None available at this time	Visit Kraken	Kraken Review
Coinbase	241	0.4% (maker), 0.6% (taker)	Rating We provide an overall weighted average rating out of 5 stars. Our ratings are based on objective criteria like the ease of use, fees, deposit methods, customer support and availability. Our reviews are not influenced by 3rd parties. Click here for further information about our rating methodology and a full list of categories we review against. 4.7 / 5	$5 BTC bonus (USA only)	Visit Coinbase	Coinbase Review
eToro	79	1%	Rating We provide an overall weighted average rating out of 5 stars. Our ratings are based on objective criteria like the ease of use, fees, deposit methods, customer support and availability. Our reviews are not influenced by 3rd parties. Click here for further information about our rating methodology and a full list of categories we review against. 4.7 / 5	None available at this time	Visit eToro Cryptocurrency is offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. [website domain name] is not an affiliate and may be compensated if you access certain products or services offered by the MSB.	eToro Review
KuCoin	806	0.1%	Rating We provide an overall weighted average rating out of 5 stars. Our ratings are based on objective criteria like the ease of use, fees, deposit methods, customer support and availability. Our reviews are not influenced by 3rd parties. Click here for further information about our rating methodology and a full list of categories we review against. 4.6 / 5	Up to 500 USDT in bonuses	Visit KuCoin	KuCoin Review
MEXC Global Exchange	1521	Spot: 0% (maker) / 0.2% (taker), Futures: 0.02% (maker) / 0.06% (taker)	Rating We provide an overall weighted average rating out of 5 stars. Our ratings are based on objective criteria like the ease of use, fees, deposit methods, customer support and availability. Our reviews are not influenced by 3rd parties. Click here for further information about our rating methodology and a full list of categories we review against. 4.3 / 5	10% discount on trading fees	Visit MEXC Globa…	MEXC Global Exch…
Phemex	BTC, ETH, XRP, and 334 Others	0.1% (spot), 0.06% / 0.01% (futures)	Rating We provide an overall weighted average rating out of 5 stars. Our ratings are based on objective criteria like the ease of use, fees, deposit methods, customer support and availability. Our reviews are not influenced by 3rd parties. Click here for further information about our rating methodology and a full list of categories we review against. 4.2 / 5	Up to $6,050 Crypto Sign Up Bonus	Visit Phemex	Phemex Review
Crypto.com	288	0.075%	Rating We provide an overall weighted average rating out of 5 stars. Our ratings are based on objective criteria like the ease of use, fees, deposit methods, customer support and availability. Our reviews are not influenced by 3rd parties. Click here for further information about our rating methodology and a full list of categories we review against. 4.2 / 5	None available at this time	Visit Crypto.com	Crypto.com Revie…
Huobi	595	0.2%	Rating We provide an overall weighted average rating out of 5 stars. Our ratings are based on objective criteria like the ease of use, fees, deposit methods, customer support and availability. Our reviews are not influenced by 3rd parties. Click here for further information about our rating methodology and a full list of categories we review against. 4.2 / 5	None available at this time	Visit Huobi	Huobi Review
Gate.io	1,752	0.2%	Rating We provide an overall weighted average rating out of 5 stars. Our ratings are based on objective criteria like the ease of use, fees, deposit methods, customer support and availability. Our reviews are not influenced by 3rd parties. Click here for further information about our rating methodology and a full list of categories we review against. 4.1 / 5	None available at this time	Visit Gate.io	Gate.io Review

List of the Top Altcoin Exchanges

1. Binance

Binance is the world's leading cryptocurrency exchange, with over 300 altcoins listed and a customer base of over 30 million users. It has a reputation as the world's most favored altcoin exchange for many reasons and is ranked #1 for global trading volume and liquidity, according to CoinMarketCap. Combined with its low fees of 0.1% per trade, it's one of the main reasons Binance is our top pick for the best altcoin exchange. Moreover, new users can get up to a $100 sign-up bonus when using a Binance referral code.

One of the biggest reasons is the “Binance pumping effect”. It is a term popularized in the bull market that refers to the massive uptick in altcoin's price when it is listed on Binance. Altcoins have sometimes surged in value by up to 1000x and sometimes even more within a few minutes of being listed on Binance. This crypto trading platform has been sought after by most altcoin developers, who are even willing to delay the listing process for Binance to take notice.

As one of the best cryptocurrency exchanges, Binance is also regarded as the biggest altcoin exchange, according to CoinMarketCap at the time of writing. The reason is the support it provides for altcoins. Binance is generally the first cryptocurrency platform to list altcoins after launch. It later lists most of them in isolated margin pairs – allowing crypto investors to trade these altcoins on leverage.

Binance is also one of the best exchanges to earn benefits on altcoins, offering passive rewards for more than 100 altcoins. 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.

Another reason that Binance is considered to be the best by many investors is its low trading fees. Binance charges maximum maker and taker fees of 0.1% and 0.1%, respectively. Altcoin investors can reduce their trading fees further by buying Binance Coin (BNB) and holding it in their account wallets. For example, if between 25 and 100 BNB is held, the reduced maker and taker fees are reduced to 0.09% and 0.1%, respectively, with an extra 25% discount available for paying fees in BNB.

The only potential con of Binance is its fairly complicated-looking user interface and trading terminal, which may be difficult to use for absolute beginners. The platform attempts to bridge the experience gap with a well-designed library of easy-to-read articles.

Moreover, Altcoin investors and traders residing in the United States of America (USA) may wish to seek an alternative altcoin exchange. Binance's sister platform, Binance.US, only supports around 150 altcoins for purchasing, trading, and selling.

Overall, Binance is likely the first choice for many, and for good reason. Apart from the astounding number of altcoins to buy, trade, and sell, the exchange offers premium security and a wealth of supporting features where altcoin enthusiasts can potentially stretch their altcoin holdings further.

For more details, read our full Binance review and Binance.US review.

2. Bybit

Bybit is one of the largest exchanges in the world for both spot and derivatives altcoin trading. The feature-rich platform offers copy trading, automated bots, and MetaTrader 4 support, a feature seldom seen in exchanges we've reviewed. With Bybit offering 400 tradable assets and such a diverse selection of tools, the platform is ideal for altcoin traders of all preferences.

Bybit offers a wide selection of altcoins, including popular tokens like Ethereum and lesser-known projects like Verasity (VRA). Outside of the 400 altcoins Bybit offers in the spot market, the exchange lets you trade USDT, USDC, Options, and inverse contracts with up to 125x leverage for 821 trading pairs, higher than most cryptocurrency trading platforms.

In addition to its substantial range of altcoins, Bybit supports 130 fiat currencies, including USD, GBP, AUD, and EUR. Therefore, the platform is a viable option for traders with existing cryptocurrency holdings as well as those needing to purchase assets to fund their trading accounts.

Bybit also offers competitive trading fees similar to Binance. Spot transactions incur a 0.1% charge, while derivatives trades are priced at 0.06% (taker) and 0.01% (maker). However, the exchange offers one of the largest selections of zero trading fee assets, with 32 USDC-denominated pairs available.

To ensure its users have the required tools for trading, Bybit has implemented its own charting system in addition to one provided by TradingView. Therefore, users can access over 75 technical indicators and an impressive selection of drawing tools, enabling experienced traders to plot complex strategies without leaving Bybit. However, seeing multi-screen charting implemented to compare assets would be nice.

Another tool Bybit offers that traders will find useful is the copy trading service. Using this feature, you can find ‘Master Traders' to automatically mirror, viewing statistics like earnings and follower count to find excellent traders. Additionally, you can apply to be a Master Trader to earn 10%-15% of your followers' profits as a commission, potentially providing regular income.

Bybit is a viable choice for manually trading crypto altcoins. However, the platform also offers trading bots, enabling you to open and close positions automatically when certain criteria are met. Although you can customize the bots, platforms like OKX let you customize bots based on technical indicators, providing greater flexibility.

Three types of bots are available on Bybit:

• Spot and Futures Grid – Automatically buy and sell digital currencies within a predetermined price range with zero fees. Additionally, the bits come with manual and AI-generated strategies. Futures Grid operates similarly to the spot grid but offers up to 100x leverage.
• Dollar-Cost-Average (DCA) – More suited to investors than traders, the DCA bot lets you schedule crypto purchases using your USDT balance at regular intervals spanning between 10 minutes and four weeks.

Bybit is an all-around trading platform and is well deserving of being considered one of the best cryptocurrency exchanges available. With low fees, a wide selection of trading pairs, an excellent trading interface, and several automation tools, altcoin traders worldwide may wish to consider it as their chosen platform.

To learn more, read our full Bybit review.

3. Kraken

Kraken is next on our list of top altcoin exchanges that are available to US traders. Despite being a long-standing crypto trading platform, Kraken only offers a moderate list of 228 altcoins that can be bought or traded at the time of writing. This is the far cry from its rivals, including Binance and KuCoin, where hundreds more altcoins are available.

Altcoins can be directly purchased using one of the seven supported fiat currencies (USD, EUR, GBP, CAD, CHF, AUD, and JPY) that can be deposited into the user's account with zero fees. Various payment methods are supported, including SEPA, wire transfers, bank transfers, and SWIFT. Alternatively, you can use BTC, USDT, USDC, DAI, or DOT to buy altcoins. Almost all of the supported crypto that can be transferred into a Kraken wallet can be done for free. However, some, like ETH, will incur a minor blockchain fee.

Kraken is comparable to most of the altcoin exchanges listed here regarding fees. The platform uses a maker and taker fee structure with costs of 0.16% and 0.26%, respectively. The fees are not the cheapest in the industry compared to the likes of Binance (0.1%) where savings can be realised.

The user interface provided by Kraken is robust and contains multiple tools to get access to nuanced analytics about the altcoin market. Users who don't need to view charting or real-time prices can simply use the Buy function to quickly purchase their altcoin of choice and have the assets transferred to their wallet. Other users may find the advanced charting platform on Kraken Pro to be useful with its assortment of analytical tools and crypto charting software.

Whilst Kraken does not currently offer interest-earning wallets, the platform is one crypto-staking options available to US investors and blockchain enthusiasts. When writing, 16 digital assets such as DOT, ATOM, ADA, SOL, and MATIC can be staked to accumulate passive rewards paid out bi-weekly. Reward yields range from 1% to 23%. Compared to other platforms Like Binance, the staking module on Kraken is straightforward, and it is clear that the interface has been designed with ease of use in mind.

Kraken provides investors, including those residing in the USA, with a serviceable altcoin trading experience. Whilst it doesn't offer a large range of altcoins, the user experience is simple and visually pleasing, making it a viable option for newcomers to the crypto investment space. Moreover, Kraken is one of the biggest exchanges in the industry, so the trading spreads are relatively low for high-frequency altcoin traders.

Read our full review on Kraken.

4. Coinbase

Coinbase is one of the most user-friendly cryptocurrency platforms in the world and has been included for its suitability to newer crypto investors. Coinbase supports 244 altcoins, such as EOS, ADA, TRX, and XMR, with new coins added regularly. Coinbase has a digital framework to list new altcoins, allowing day traders to invest in those assets the very next day.

Coinbase allows investors to buy altcoins using fiat currencies such as USD, CAD, EUR, and GBP. However, it charges a deposit fee of 3.99%. A cheaper 1.49% fee option is available, known as the ACH transfer. However, it has been found that transaction speeds are sometimes slow. Therefore, most altcoin traders only use crypto assets to trade on Coinbase, much like Binance.

Coinbase is a versatile crypto exchange providing multiple features for individual and institutional altcoin traders. The key features include:

• A range of wallet financing options, including bank transfers, EPA payments, wire transfers, PayPal, credit cards, and Faster Payments.
• Staking for a limited selection of altcoins where Annual Percentage Yields (APY) of up to 17.66% can be passively earned.
• A ‘Learn and Earn' feature where users can complete educational programs to earn altcoins.
• A non-custodial wallet, Coinbase Wallet, can store multiple altcoins, dApps, and NFTs.

The standard Coinbase interface is simple, streamlined, and straightforward. For users with an extensive background, the Coinbase Pro Exchange may be more appealing. Traders can utilise Coinbase's significant liquidity and lower maker-and-taker fees for an economical trading experience. The interface provides real-time charting and access to advanced tools such as moving averages to analyze the price action.

The fees for buying altcoins on Coinbase follow a maker and taker that start from 40bps and 60bps, respectively.

Read our full review on Coinbase.

5. eToro

eToro is a well-established crypto platform that supports a wide variety of assets, including cryptocurrencies, stocks, and forex. The broker supports 92 altcoins and provides multiple options for investors to obtain altcoins, including debit/credit cards, wire transfers, Skrill, and Neteller. It is a highly suitable altcoin platform for beginners and those wanting altcoin trading on an easy-to-use website or app. While the absence of margin trading pairs will not suit altcoin day traders, eToro offsets this with its Copy Trading and a Smart portfolio.

eToro USA LLC does not offer CFDs, only real Crypto assets available.

Cryptocurrency is offered by eToro USA LLC (“the MSB”) (NMLS:1769299) and is not FDIC or SIPC insured. Investing involves risk. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.

This ad promotes virtual cryptocurrency investing within the EU (by eToro Europe Ltd. and eToro UK Ltd.) & USA (by eToro USA LLC); which is highly volatile, unregulated in most EU countries, no EU protections & not supervised by the EU regulatory framework. Investments are subject to market risk, including the loss of principal.

A conversion fee may be applied as withdrawals and deposits are conducted in USD. Any other currency will have to be converted. UK users can start investing in altcoins with as little as $50 in their accounts. Regarding trading fees, eToro charges 1% per trade, which is higher than the other altcoin exchanges on this list.

Although eToro previously only offered CFD trading, you can now directly invest in altcoins on the spot market using the exchange. Furthermore, beginners who are starting to build their altcoin portfolios can acquire them using its popular social trading feature. The pro is that investors can see which altcoins are being traded by other eToro users with high yields.

eToro's crypto 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 (ROI), follow them, and ultimately choose them to mirror top altcoin traders‘ positions. Altcoin investors who are part of the program can earn a portion of the trading fee whenever the users invest in the program members’ copied assets.

Another factor that makes eToro a worthy altcoin platform is Smart Portfolio. A Smart portfolio is a bundle of related assets that users can use to diversify their altcoin investments. There are 16 altcoin smart portfolios, including DeFi Portfolio, Crypto Portfolio, and Meta Portfolio. This takes out the guesswork and allows traders to buy a selection of 39 altcoins in a single trade.

eToro is licensed by the Financial Conduct Authority (FCA), Securities and Exchange Commission (SEC), and Australian Securities and Investments Commission (ASIC), to operate as a crypto platform for Australians. This means that eToro must adhere to strict procedures to safeguard customer funds and assets and maintain the integrity of its digital infrastructure. In addition to regulations, eToro also implements industry-standard security measures to secure assets, such as 2FA, SSL encryption, and storage of assets in tier-1 banks. eToro also provides a free insurance policy to account holders.

Investors who wish to learn about altcoins or other crypto assets can also use eToro learn, a collection of blogs and videos about investment and trading. With eToro Plus, users can get a summary of the latest market trends in altcoins.

For more information, read our eToro review.

6. KuCoin

KuCoin is the 5th largest cryptocurrency exchange based on traffic and trading volume. The platform has multiple innovative crypto services, such as futures markets, a spot exchange, crypto swapping, staking, margin trading, lending services, and interest-earning features. But where KuCoin excels is having one of the world's largest selections with 864 altcoins that can be bought and traded. The sheer number of supported coins and trading pairs makes KuCoin a desirable option for users who want to diversify their altcoin portfolios.

The three major methods of acquiring altcoins with fiat currencies on KuCoin are described below. Whilst the number of supported crypto is relatively modest, KuCoin's fiat gateway offers other features:

• Credit/debit card: Purchase up to 11 altcoins such as ETH, TRX, and LUNA.
• Peer-to-Peer (P2P) marketplace: Users can directly buy and trade altcoins with other users who are accredited by KuCoin to act as merchants through its top-rated P2P platform. However, the only altcoins supported at the time of writing are Ethereum, KuCoin Token, USDT, and USDC.
• Via third-party: Select from over 70 payment methods to buy cryptos, such as ApplePay, iDEAL, and Bancontact. Over 80 altcoins are supported, including SHIB, FIL, BAT, and SAND. The payment method depends on the third-party payment provider (e.g., Simplex, Banxa) available for the coin selected.

KuCoin's large list of altcoins can be purchased and traded on the spot market with competitive spot fees of 0.1% and 0.02% (maker) / 0.06% for futures trading. For investors who already hold a range of altcoins on the platform, the Convert function can be used to trade altcoin to altcoin via its zero trading fee platform.

One of KuCoin's features that will appeal to altcoin holders is its margin trading, where leverage up to 10x can be applied to long and short positions on over 220 trading pairs with BTC, ETH, USDC, and USDT as the base currencies. Additionally, a further 188 USDT-M and Coin-M perpetual contracts are available.

There is even the ability to create automated bots or strategies. KuCoin is one of the leading crypto trading bot exchanges with in-built bots, including Spot Grid, Futures Grid, Smart Rebalance, Dollar-Cost-Averaging (DCA, and Infinity Grid.

For investors who prefer the HODL strategy, KuCoin's interest-earning wallet and lending platform will give them passive growth on their altcoin portfolio. Interest yields of up to 240.07 % APY can be generated on 109 digital assets, including popular choices such as ETH 2.0, ALGO, and KSM. Similar to other interest-earning wallets like Binance Earn, investors have the choice of locking their assets in for a period of time for higher rewards or putting them into a Flexible account. Whilst altcoins can be withdrawn from the Flexible account, they typically offer lower ROI in exchange for the flexibility.

The vast number of altcoins that can be easily purchased using a variety of methods will appeal to many crypto enthusiasts who are interested in building altcoin portfolios.

Read our full Kucoin review for more details.

7. MEXC

While MEXC might not have the popularity of other exchanges we've mentioned on this list, the platform has quickly become a favorite of altcoin traders everywhere thanks to its massive selection of cryptocurrencies, high leverage, and extremely low trading fees. Throughout our search for the best altcoin exchange, we found MEXC to be criminally underrated compared to its performance.

One of the strongest aspects of MEXC is its impressive range of trading pairs. The exchange offers most major and minor assets in the crypto market, with only truly obscure projects missing. There are 1,680 unique cryptocurrencies available and 2045 spot markets. However, 302 derivative pairs are available, bringing the total number of tradable assets to 2,347.

Another factor contributing to MEXC's success in altcoin trading is its range of markets. In addition to the spot market, MEXC users can access USDT-M and Coin-M perpetual futures contracts with up to 200x leverage – one of the highest limits of any exchange we've reviewed. Additionally, MEXC offers leveraged ETFs letting traders speculate on long-term price movements without funding opening positions.

If you're looking to buy and sell altcoins on the spot market, MEXC is perhaps one of the most cost-effective options in the industry. Currently, the exchange charges zero spot trading fees. The story is similar regarding futures trading; maker orders are free, while taker orders cost just 0.01%. All in all, MEXC takes the top spot on our list when it comes to trading fees.

MEXC offers a proprietary trading interface and one provided by TradingView so traders can access a wide array of crypto indicators and analysis tools like trend lines and Fibonacci retracements. Additionally, MEXC has implemented a depth chart enabling you to understand which prices hold liquidity. Furthermore, the order book can be customized to show long/short orders, providing details of buyer sentiment.

A useful albeit fairly common feature offered by MEXC is copy trading. The system lets you find profitable traders by checking statistics like win rate, Return on Investment (ROI), and Profits and Losses (PNL). With thousands of traders, MEXC has one of the industry's most active copy trading platforms, making it easy to find suitable traders and earn larger sums from follower commissions.

Another way that MEXC incentivizes altcoin traders is through regular trading competitions. For every $75,000 worth of daily volume accumulated, MEXC gives you a chance to spin a wheel containing prizes ranging from $1 to $2,023. With a daily prize pool of $36,000, these competitions could be a valuable addition for active altcoin traders.

MEXC is one of the most underrated cryptocurrency exchanges operating today. With a feature list to rival Binance, native fiat-to-crypto support, one of the largest selections of altcoins on the market, and likely the lowest trading fees in the industry, MEXC is another option for anyone wishing to trade altcoins, regardless of their experience or trading preferences.

To learn more, read our comprehensive MEXC review.

8. Phemex

Despite being a lesser-known exchange than large centralized exchanges like Coinbase, Phemex has garnered the attention of altcoin derivatives traders thanks to its impressive range of perpetual pairs. The exchange also features a ‘Mock Trading' mode, making it an excellent option for new traders looking to sharpen their skills before switching to real money trading without switching exchanges. Moreover, Phemex is a suitable crypto exchange without KYC for crypto-to-crypto trading (withdrawal restrictions apply).

Although Phemex claims to offer 366 cryptos for spot trading, we found only 226 spot trading pairs denominated in stablecoins, Bitcoin, and altcoins, which will be disappointing for altcoin traders looking for a wide selection of assets. However, 178 USDT-M, Coin-M, and USD-M derivatives trading pairs were available with 100x leverage, bringing the total quantity of tradable assets to 404.

Although the range of trading pairs Phemex offers can't quite compare to others on our list, its trading fees compare to some of the best crypto exchanges on the market. The fee for spot trading starts at 0.1%, with volume and balance-based discounts available. Regarding trading contracts, the fees start at 0.01% (maker) and 0.06% (taker), with further volume-based discounts available.

Phemex has integrated charts provided by TradingView. As such, you'll always have access to analysis tools and key technical indicators, making it possible to utilize complex strategies. Additionally, a depth chart is available, which is useful for altcoin traders to understand where liquidity lies, which helps open and close large positions without slippage.

Unfortunately, Phemex does not directly support fiat currency deposits. However, you can use the no-fee Peer-to-Peer (P2P) Trading system to buy and sell crypto using 23 fiat currencies, including USD, AUD, and GBP. Local payment methods like Faster Payments are available in addition to e-Wallets like PayPal and Skrill. As such, the P2P marketplace is a great way for Phemex users to buy altcoins with fiat.

If you want to learn how to trade altcoins or improve your skills, Phemex offers Mock Trading. We tested out the service to help us find the best altcoin exchange and appreciated that it utilizes live price data and the same interface/tools as real money trading. Unfortunately, only perpetual trading is supported, and the tool is currently limited to four assets hindering its real-world usability.

Phemex is an alternative to altcoin exchanges like KuCoin and Kraken. However, the lack of support for fiat deposits and a comparatively limited number of tradable assets limit the platform's suitability to altcoin traders with existing crypto holdings looking to buy, sell, and speculate on a particular group of assets.

To learn more, read our complete Phemex review.

9. Crypto.com

Crypto.com is a hugely popular altcoin exchange best known for its premium mobile app, where all 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. We found Crypto.com to be one of the better exchanges to trade altcoins, especially for those who prefer to do it using their mobile devices. The interactive UI and the lucrative interest rewards for holding altcoins make Crypto.com suitable for all types of users.

Crypto.com App provides a modest selection of 247 altcoins. Whilst the number is not as exhaustive as Binance or Gate.io, most of the high market cap altcoins like SOL, HEX, DOT, SHIB, AVAX, and MATIC are offered. However, the con is that there are fewer exotic coins available. One of the pros Crypto.com is the ability for investors and traders to purchase altcoins at their true cost using a debit card, which is available to users in many countries.

As for fees, newcomers won't have to pay any trading or deposit fees during their first 30 days of trading. Afterwards, there is a 2.99% to 3.99% fee to use fiat currencies to top up their Crypto.com account. When it comes to the exchange, Crypto.com follows a volume-based (the higher the monthly volume of a user, the lower their fees) trading fee starting from 0.075%, cheaper than Binance and KuCoin.

Crypto.com's most noteworthy feature is Crypto Earn, which allows investors to earn interest on their altcoins. Users can earn up to 6.5% APY on altcoins. However, to achieve the best APYs, users will need to stake CRO for at least 180 days which may be a high barrier to entry for some investors.

The use of altcoins on Crypto.com doesn't end with their trading or earning a passive income. One of the exchange's flagship products is the Crypto.com Visa to spend altcoins in-store or at online merchants that accept Visa. Over 30 altcoins, such as ETH, DOT, and DOGE, are supported. Settlements are near-instant, and there are no gas fees.

Read our full Crypto.com review.

10. Gate.io

Gate.io is a global cryptocurrency exchange that is a good choice due to its range of innovative trading features and breadth of markets, but also for its list of supported altcoins which remains the largest in the world that can be bought and traded. This is the platform where serious traders will acquire exotic coins and tokens. With over 1,704 altcoins and 2,836 trading pairs, Gate.io surpasses Binance for the altcoin exchange with the most coins.

Gate.io was initially a crypto-to-crypto trading platform that has since implemented a fiat gateway. Users can purchase altcoins using credit/debit cards, bank transfers, and the P2P marketplace. USD, AUD, EUR, GBP, JPY, and KRW are among the supported fiat currencies. To facilitate this service, Gate.io has partnered with third-party payment providers. However, the con is that users will pay higher fees. A possibly cheaper option for users would be to purchase altcoins on a cheaper fiat-to-crypto exchange and transfer them across to Gate.io.

In addition to its higher-than-average fiat-to-crypto fees, Gate.io charges 0.2% for spot traders, double Binance’s rate of 0.1%. However, futures trading fees start at 0.015% (maker) and 0.05% (taker)

Altcoin trading on Gate.io can be performed in various markets, including spot, futures, margin, and ETF-leveraged tokens. For each market, Gate.io caters to newer and advanced traders by providing Standard and Advanced interfaces that include all trading tools, indicators, and charting patterns to analyze the cryptos.

• Spot: Solely used for crypto-to-crypto trading, users can use USDT to purchase altcoins. Limit, Iceberg, and Immediate or Cancel (IOC) orders can be placed on all orders.
• Margin: USDT can be used as collateral in long or short positions where a leverage ratio of between 3x and 10x can be applied.
• ETF Leveraged Tokens: USDT can be used as a principal to take short (3- or 5-) or long (3x or 5x) positions with altcoins such as ETH, DOT, SHIB, and LTC.

To further bolster its reputation as a predominantly altcoin-to-altcoin trading platform, Gate.io customers can use the Flash Swap feature to exchange one altcoin for another instantly. This service is free, and assets are directly transferred into the user's wallet.

Gate.io customers who hold altcoin portfolios can leverage the asset management of the platform to produce passive returns. Like financial management products other platforms offer, most services can be used in fixed-term or flexible arrangements.

Overall, Gate.io is not likely to be the obvious first choice for many altcoin investors and traders. However, its products and services that can be used for altcoin trading and portfolio building are robust. Moreover, the exchange has tried to make advanced features more palatable to new users. Altcoin traders who are looking for specific exotic coins are likely to do so on Gate.io, which sports an altcoin trading list that is more than triple that of Binance.

To learn more, read our full Gate.io review.

11. Huobi

Huobi is a leading global cryptocurrency exchange that provides a secure and safe platform for investors and traders to buy, trade, sell, earn, and stake 609 altcoins. Huobi is a solid altcoin exchange to consider for non-US individuals with its vast list of supported coins and advanced trading markets. The exchange provides a highly secure environment and a streamlined user experience. However, the interest-earning and staking products are not as developed as other exchanges we found.

Huobi supports 57 fiat currencies to purchase altcoins, including USD, EUR, GBP, and AUD. Over 90 deposit methods are available, including AdvCash, cryptocurrency, SWIFT, wire transfer, and credit card. However, the available payment methods are dependent on the user's country.

Huobi is an altcoin trading platform that offers users a good variety of markets. Users can speculate on the price of altcoins using the spot exchange, margin exchange, futures, and USDT swaps, with a leverage of up to 125x. The vast altcoin list and innovative trading markets available on an advanced trading interface make Huobi one of the best margin platforms in the world. Moreover, the trading terminal and charts are integrated with TradingView, which offers hundreds of technical indicators and drawing tools.

Users who complete registration and ID verification can invest their crypto with Huobi Earn. Flexible and fixed-term arrangements are offered where interest rewards of up to 395% APY can be earned. An alternative way of generating passive altcoin rewards is through the Huobi staking module, where interest yields currently range between 0.5% APY and 20% APY. The number of altcoins that can be staked is quite limited, with only 17 supported, including NEAR, ATOM, AVAX, and TRX.

Huobi has spot trading fees of 0.2% for all altcoin-to-altcoin transactions. However, high-volume traders will find the maker and taker fees of the exchange to be appealing. The fees of 0.02% and 0.05% for maker and taker orders, respectively, are competitive with other exchanges on this list and translate into value for money. However, the fees on their website can be difficult to understand as many tiers are available.

Since its establishment, Huobi has been one of the safest altcoin exchanges and has not reported any security breaches that have resulted in the loss of user funds and digital assets. The platform implements industry-standard security measures such as the storage of assets in geographically isolated vaults that are protected by multi-layered procedures to guard against internal authority errors. For added peace of mind, Huobi possesses a reserve fund of 20,000 Bitcoin, which is intended to be used as customer compensation in the unlikely event of a security breach.

Read our Huobi review for more information.

Frequently Asked Questions