The Altcoins are generally regarded as the cryptocurrencies other than the Bitcoin (BTC). On some occasions, people have always considered Altcoins as cryptos other than Bitcoin and Ethereum (ETH). This is based on the fact that the majority of the cryptocurrencies are established from the two. Currently, the Altcoins constitute nearly 80 percent of the crypto market. At the moment, there are more than 5000 altcoins in circulation. On the flip side, Altcoin investment has been shown to pose a huge risk to investors when compared to cryptocurrencies such as Bitcoin and Ethereum. If you want to invest in Altcoin, you will get the opportunity to earn high returns, especially if you know how to squeeze more earnings from the little altcoins that you already own.
Remember, altcoins are created and released by developers who have different objectives. If you’re planning to buy cryptocurrencies other than Bitcoin, there are many exchanges that will help you secure a variety of Bitcoins. There are different fees, and benefits associated with each. In this guide, I will help you learn more about the best altcoins exchanges to work with in the market.
Binance is arguably the best Altcoin exchange for low fees. It was founded in 2017 by Changpeng Zhao and has grown to become one of the best exchange platforms. Currently, Binance offers users access to hundreds of cryptocurrencies. There is user education, beginner and advanced charting, and a number of trade options that makes it a value for investors at all levels.
Additionally, its availability in more than 180 countries has enabled people to access various cryptocurrencies without limitations.
In terms of the security features, the Binance offers a two-factor authentication, device management, cold storage and address whitelisting. Such features have enabled investors to enjoy protection from hackers and fraudsters.
Coinbase has been reported to be the best exchange for beginners. The platform provides one of the most user-friendly services within the crypto space. The straightforward design allows investors to quickly pinpoint how to purchase, sell, send and receive your coins. If you also want to learn more about cryptocurrency in general, then Coinbase is the best platform for you. Numerous educational contents will enable you to learn at your comfort. If you want to discover Altcoin to add into your portfolio, be sure to get plenty to choose from with Coinbase.
eToro, your chosen exchange
Etoro is also arguably the best overall exchange platform where you can get plenty of altcoins. The platform provides investors with the opportunity to get access to commission-free stock trading. If you’re thinking of learning and investing in altcoins, I would strongly recommend this platform. Although the platform is widely accepted by many, it also has its negative sides. The platform has huge non-trading fees that are considerably higher compared to other platforms. You will also be charged for withdrawal.
Bitpanda is also another exchange platform that is based in Austria. Ideally, the exchange primarily services people within the European economic area. Established in 2014, the exchange has developed to become one of the most common cryptos in Europe. By design, the exchange provides an interface that investors find easy to use. You will get access to plenty of altcoins that suit your financial portfolio. Finally, the exchange offers a wide array of payment options that makes it easy for beginners’ cryptocurrency love cryptocurrencies to buy any cryptocurrencies other than Bitcoin.
This is another exchange that you should endeavor to try if you want to invest in altcoins. Coinmama has managed to serve a wide array of clients since 2013. The company focuses on the provision of an easy mechanism through which people can sell and buy coins. This platform is tailored to suit the needs of the beginner crypto investor. Although there is a lot of simplicity in regard to the manner in which the platform operates, investors who are more experienced are likely to face challenges. The lack of certain features, limited available cryptocurrencies and high trading fees may frustrate them.
The crypto activities does not only involve buying and selling of the coins, but also seeking help from the customer support when necessary. That said, Bitstamp boasts of the best customer support among all the exchanges. If you happen to have any challenges regarding transactions and might be willing to get assistance, the support system will allow you easily access the support without limitations. With Bitstamp, you can also stake crypto on the blockchain. However, if you do not have any prior experience, you’re likely to find difficulties. However, there is no special tools, hardware or software that is needed as the account you own is the only tool you need in this case.
Final Take Away
If you want to become an Altcoin investor, you must secure a cryptocurrency exchange so that you can begin trading. Ideally, this is the first step towards building your investment portfolio. There are plenty of altcoin exchanges outside there that will give you access to the coins of your preference. The list above will help you make informed decisions depending on your financial objectives and priorities. Picking the one I have outlined there will depend on a number of factors such as your experience, preference, and the rationale behind investing. Good luck.