The 5 Best Crypto Exchanges for Altcoins » CryptoNinjas
Whoever wants to buy altcoins is faced with the question of choosing a suitable exchange. There is no shortage of such platforms. After typing the appropriate query into a search engine, you can find links to dozens of cryptocurrency exchanges.
Another question is choosing a truly reliable cryptocurrency exchange that offers favorable terms and security guarantees for your deposited digital currencies. Let’s analyze the best platforms for buying altcoins on the market.
WhiteBIT
It is the largest European exchange with over 3 million users in 150 countries. The platform offers excellent conditions for both beginners and traders with many years of experience. The exchange has many tools for trading (like trading spot, margin, and perpetual futures contracts) and passive income (like Crypto Landing, which allows you to earn up to 30% per year for storing cryptocurrency on the exchange Exchange can get). The tools are regularly updated based on community requests. In addition, the exchange constantly interacts with users and conducts activities with prices.
Because of the high level of security, WhiteBIT claims to be best exchange for cryptocurrency Trading and is one of the top 3 exchanges in terms of security according to the CER.live rating. User funds are protected as they are mostly kept in cold storage (96% of digital assets). The exchange also uses systems for detection and protection against hacker attacks.
Also, WhiteBIT exchange has an impressive number of trading pairs: 450+. However, the fees are among the lowest on the market. The standard trading fee is 0.1% (which may be lower for some assets). Margin funds are subject to a daily fee of 0.098%.
Any questions that users may have are resolved by the exchange’s support team 24/7. You can ask for help through the website, mobile application, email, social networks, etc. Support is provided in 12 languages.
eToro
This cryptocurrency exchange is based on the Israeli brokerage company eToro. First, the company allowed to work with different assets. CFD stock trading appeared on the platform in 2013. The company entered the cryptocurrency market in 2016 and has been a prominent player.
They have around 60 altcoins and more than a hundred cryptocurrency pairs. The fee policy is quite democratic: ETH can be bought by paying a spread + 1% trading fee.
The number of tools is quite large, but the focus is on the “Copy Trading” tool. Users need to choose a reliable trader and repeat their trades, eliminating the need to regularly monitor and analyze market changes.
The platform can be a good choice for beginners. You can get answers to questions about the work of the exchange in the online chat on the exchange.
binance
The platform started its work in 2017 and today it is one of the largest exchanges supporting cryptocurrency transactions. The advantages of the exchange include support for many cryptocurrencies, regardless of their capitalization.
The interface and functionality of the exchange are understandable for everyone, regardless of their experience with cryptocurrency. Binance allows users to perform complex technical analysis and buy cryptocurrencies in simple steps.
The fees depend on the type of transactions made. US users pay a 4.5% fee when using a credit or debit card and a 0.5% fee for instant purchases. When buying Ethereum, a user pays a fee of 0.1%.
Despite a hack in the history of the exchange, Binance offers a multi-layered decentralized security system. They offer a decentralized trust wallet and access to the Pancakeswap decentralized exchange to store assets.
Altcoins in Binance Web Wallet are protected by two-factor authentication and IP whitelisting. User support is implemented as a special service with lots of materials and 24/7 online chat support service.
coin base
It is an American company founded in 2012. The platform has a simple interface that allows users to open an account and buy cryptocurrency without any extra effort. The exchange focuses on large or mid-cap altcoins (Ethereum, Cardano, USD Coin, etc.), but there are popular exceptions like XRP and BNB. There are more than 50 altcoins in total.
The target audience of the platform includes experienced traders and those who are just starting to master the crypto market. The FAQ materials are designed for beginners along with customer support in the form of an online chat or phone call.
The stock exchange also pays attention to security. Two-factor authentication is required to provide secure access to user accounts. Additionally, 98% of user funds are in cold wallets.
However, fees on the exchange are above average: card payments carry a 3.99% fee and Ethereum transactions carry a 1.49% fee. After purchasing altcoins, users can store assets in the Coinbase web wallet or transfer them to a non-custodial wallet available on Android and iOS.
Krypto.com
Founded in Singapore in 2019, the platform now has over 50 million customers in many countries including Europe, the United States, Canada, Latin America and parts of Asia. The exchange has a pretty good reputation and tries to cater to customers’ needs.
Users have access to spot and margin trading on 250+ altcoins. Leverage available for margin trading is 3X, 5X and 10X. The interest rate depends on the term of the deposit.
Depending on the type of transaction, the exchange charges different fees. For example, when using a debit or credit card the fee is 2.99% and for ETH up to 0.40%.
User support is implemented through materials created by specialists and online support chat with an average response time of 15 minutes.
Suppose you are currently looking for an altcoin trading exchange. In that case, you should know that the choice of altcoin trading exchange should be based on a combination of criteria such as trust, security, reasonable fees, and an overall loyal attitude towards users.
As you can see, the WhiteBIT team not only maintains a high level of provided services, but also regularly expands the functionality of the exchange and increases security.
