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Are you looking to start buying, trading and selling altcoins, but not sure what the best altcoin exchange is? I know the feeling; there are hundreds of different platforms to choose from, each with its own pros and cons.

But don’t worry, you’ve come to the right place! Today, I am going to give you a review of eight of the best altcoin exchanges, in which I’ll show you where to buy altcoins and how to buy altcoins with USD.

In this best altcoin exchange guide, I will review some of the top exchanges, highlighting their fees, security measures, coin availability, trading volume, and user-friendliness. So, once you have read through all these exchanges, you will be able to decide which one best suits your needs:

  • Kraken - Easily Convert Fiat to 360+ Altcoins
  • Coinbase - Secure Trading of Over 290 Altcoins
  • CEX.IO - User-Friendly Interface & 200+ Supported Assets
  • Coinmama - Newbie-Friendly 500+ Altcoin Swapping
  • Gemini - Highly Regulated Exchange for Trading 70+ Crypto Assets
  • Crypto.com - The All-In-One Crypto Exchange
  • BYDFi - User-Friendly Trading for All
  • Robinhood - A Commission-Free Investment Platform

Well... what are you waiting for? Let's find you the best altcoin exchange that suits your needs!

1. Kraken - Easily Convert Fiat to 360+ Altcoins

Ranks #1 out of 8 Crypto Exchanges

Kraken provides traders with ease of use and takes a very beginner-friendly approach. It has a really basic platform, making it perfect for first-time buyers. Not only that, if you are a seasoned trader, Kraken Pro offers even more trading options besides spot trading, such as margin, futures, and even OTC trading.

Founded in 2011, Kraken is still one of the most popular altcoin exchanges, especially among traders in Europe and the US.

Kraken offers a solid selection of altcoins, including options like Stellar Lumens (XLM), Ripple (XRP), ZCash (ZEC), and many more. It even features its own NFT marketplace, giving users a way to explore digital collectibles directly on the platform.

While Kraken used to be limited in payment methods, it’s not anymore. Apart from debit and credit cards, it offers Apple Pay and Google Pay in many regions. Users in the US, Canada, Japan, and most of the European Union can also take advantage of traditional bank transfers. These expanded options make Kraken far more accessible, especially for those looking to convert fiat to crypto quickly and easily.

Best altcoin exchange: Kraken.

Of course, to be able to use all these features of Kraken, you need to verify your account before getting started. If you are only depositing cryptocurrency and planning to trade less than $100,000 per month, then you just need to provide basic information such as a valid ID and proof of address. However, if you want to exceed this amount, you need to provide additional details like proof of funds.

When it comes to trading fees, it depends on how much you trade over a 30-day period. Kraken uses a maker-taker fee model, with rates starting at 0.25% for makers and 0.40% for takers, but the more you trade, the lower your fees get. You can check each fee tier from your Kraken account.

📚 Read More: Kraken Fees Explained

Although there is no phone support available, you can request help through their live chat support, which is available 24/7. However, there do seem to be a few bad reviews about the quality of their customer service.

Pros

Cons

Basic interface for beginners

 Reports of poor customer service

24/7 live chat support

 Relatively high fees

Available in the US

Offers NFT marketplace

Table: Advantages and disadvantages of Kraken

All things considered, Kraken is definitely one of the best altcoin exchanges within the crypto industry.

👉🏻 Visit Kraken
...or read our Kraken review

2. Coinbase - Secure Trading of Over 290 Altcoins

Ranks #2 out of 8 Crypto Exchanges

If you have been involved in the world of cryptocurrency for a long time, then there is a good chance you've heard of Coinbase. Launched in 2012 and based in San Francisco, it’s one of the most recognizable names in the crypto world.

The platform is really easy to use, which makes it perfect for beginners. Not only this, but they have excellent customer service, which includes phone support!

Best altcoin exchange: Coinbase Advanced platform.

If you're a more advanced trader, you can still benefit from Coinbase Advanced at no extra cost, unlocking features like margin trading, real-time charts, and deeper order controls – all without leaving the Coinbase environment.

You can even store your crypto right within the ecosystem using Coinbase’s non-custodial wallet, giving you full control over your assets while staying connected to the platform.

📚 Further Reading: Coinbase Wallet Review

One of the main reasons that people love Coinbase is that it allows you to deposit using a debit/credit card or a bank account. Keep in mind that before you get started with fiat money, you will need to verify your identity. It's a straightforward process, as all you need to do is provide a few personal details and then upload a government-issued ID, such as your passport.

Coinbase started out primarily focused on Bitcoin and a few altcoins and had one of the largest trading volumes for Bitcoin.

Today, it supports a wide variety of cryptocurrencies, over 290, including popular choices like ETH, LTC, BCH. While it's not as altcoin-heavy as some other platforms, it still gives users access to many of the most well-known and widely traded assets.

The security measures of Coinbase are also very good. It holds 98% of customer funds in cold storage, and you also have the option of setting up two-factor authentication.

Cold storage is when private keys are held offline with no connection to the internet. This makes them extremely secure and almost impossible for criminals to steal your funds.

While the globality of Coinbase was limited some time ago, now it has expanded its services to over 100 countries, including Australia, Canada, Singapore, the US, and most EU countries.

When it comes to fees, Coinbase offers decent rates, though not the lowest on the market. Trading fees start at 0.60% for takers and 0.40% for makers, slightly above the industry average. Deposits are generally reasonable, and in some cases completely free, depending on the payment method. Yet, using a debit or credit card can be costly, typically close to 4%, but it's fairly standard for instant card payments.

Pros

Cons

Very basic platform – perfect for beginners

 Expensive fees for debit/credit card deposits

Accepts debit/credit cards and bank transfer

Excellent security

Good customer support

Table: Advantages and disadvantages of Coinbase

Even though it can be a bit more costly to use Coinbase compared to others like Binance, it's still a reliable platform with its global availability and variety of products.

👉🏻 Visit Coinbase
...or read our Coinbase review

3. CEX.IO - User-Friendly Interface & 200+ Supported Assets

Ranks #3 out of 8 Crypto Exchanges

CEX.IO was launched in 2013 and is based in the UK. During its first two years of trading, it was both an exchange and a mining pool. However, since 2015, it has been 100% focused on its trading platform. Let's explore if CEX.IO has the potential to be called the best altcoin exchange.

There is a decent number of different altcoins you can buy on CEX.IO, as it supports over 200 cryptocurrencies, and new ones are being added all the time. While it doesn't have the thousands of trading pairs you’d find on platforms like Bybit, the exchange offers a clean and stable experience for those looking to trade top altcoins without diving into overly complex interfaces.

Best altcoin exchange: CEX.IO products.

When trading on CEX.IO's spot market, you can choose the Time in Force Policy (the lifetime of the order you want to place). By default, the CEX.IO trading system uses the Good Till Cancel (GTC) model, which leaves the order open until you fill or cancel it.

However, it can also process orders in a Good Till Date (GTD) or Immediate Or Cancel (IOC) model, though you must choose those explicitly. IOC, for example, processes orders similarly to a “fill or kill” trade. If you are only trading low amounts, this shouldn’t be a problem, as there will always be enough liquidity to fill your order.

A fill or kill trade is where the buyer either gets what they ask for, or the order is canceled. For instance, if Peter wants to buy 20 ETH at $1,500, the trade will only go through if Peter is able to get the entire amount at that price. Otherwise, the order will be canceled.

One of the best features of using CEX.IO is that you can deposit and withdraw funds using a variety of different methods, including bank transfers, which is one of the most convenient ways possible. If you are based in the EU, then you can use SEPA, but you must use an international wire transfer if you're based elsewhere.

To deposit fiat, you will need to complete a verification process, just like on any other reputable centralized exchange. This includes uploading your ID, sending them an image of you, and some other personal information like your residential address. It usually takes CEX.IO a few minutes to verify your ID.

Official KYC processing time is up to 24 hours, so it can sometimes take much longer than just a few minutes. If you want to buy straightaway, you might want to consider an exchange without mandatory KYC.

Depositing with a debit/credit card (including Apple Pay and Google Pay) will typically cost you from 0.49% to 4.99%, plus an additional service charge. Bank transfers tend to have flat fees, usually around $2.99 for both deposits and withdrawals.

Trading fees vary according to your levels, starting from 0.15% for makers and 0.25% for takers, which is not the best option, but still not really above the current market prices.

As a UK-based company, CEX.IO prioritizes security, and the majority of funds are held in cold storage, which makes it one of the more secure platforms featured in this best altcoin exchange review.

Pros

Cons

Various trading options

 Slightly high trading fees

Clean interface

Offers annual crypto rewards

Table: Advantages and disadvantages of CEX.IO

In my opinion, CEX.IO is a considerable platform, especially for beginners. The interface is quite intuitive, and since it also features a wallet, you don't necessarily need to leave the platform to keep your funds. However, if you are planning to trade high amounts, I would highly recommend getting a cold wallet like Ledger Flex for more security.

👉🏻 Visit CEX.IO
...or read our CEX.IO review

Compare Crypto Exchanges Side by Side With Others

Did you know?

Compare Crypto Exchanges Side by Side With Others

All Crypto Exchanges may look similar to you but they're NOT all the same!

Yes! Show me the Comparison Chart

4. Coinmama - Newbie-Friendly 500+ Altcoin Swapping

Ranks #4 out of 8 Crypto Exchanges

Coinmama is located in Israel and is well-known for serving 190 different countries around the world. These include countries from Europe, Asia, and other parts of the world, with only a small list of restricted countries being present. By that extent, Coinmama also works in most US states, as well.

You can swap over 500 cryptocurrencies, trade over 80, and buy over 100 assets with fiat on Coinmama.

Coinmama is a pretty well-known crypto exchange that was established all the way back in 2013. This makes the exchange one of the oldest, still-functioning platforms on the market!

The exchange in question is considered to be reliable, secure, and well-established. Users can expect all of the common payment gateways to be present within the platform - you can purchase Bitcoin and altcoins via a credit or debit card, or bank transfers, as well. The entire process is very newbie-friendly, so if you've never bought crypto before, you needn't worry - there shouldn't be any hurdles along the way!

Best altcoin exchange: Coinmama pros.

Coinmama is also often praised for having a really friendly and helpful support team. While there's no direct live support via phone, you may submit an inquiry ticket, and you should receive an answer in 24 hours.

That said, email support is for the days when Coinmama's support isn't working (Friday and Saturday) – any other day, from 9 AM till 6 PM (GMT+3), you can talk with an agent via built-in live chat on their official website.

Pros

Cons

Decent security features

 Customer support is not available at all times

Available in over 190 countries

 Some niche altcoins might not be available

Over a decade of experience in the industry

Table: Advantages and disadvantages of Coinmama

All in all, while Coinmama doesn't have all that many supported crypto assets, it will still offer users many of the main altcoins on the market. Definitely an exchange worth looking into!

👉🏻 Visit Coinmama
...or read our Coinmama review

5. Gemini - Highly Regulated Exchange for Trading 70+ Crypto Assets

Ranks #5 out of 8 Crypto Exchanges

Gemini was created in 2015 by Cameron and Tyler Winklevoss. The twins are famous for suing Facebook founder Mark Zuckerberg for $65 million, as they say that he stole their idea!

Gemini is based in New York, and it holds something called a “BitLicense”.  This means that it is regulated in the same way as the banking industry, meaning that it takes security very seriously.

As Gemini is also used by institutional investors, there are always high trading volumes, meaning that you will have no issues finding liquidity. Gemini also has good relationships with regulators, so they allow you to deposit and withdraw using a bank account.

An institutional investor is somebody who invests on behalf of a large organization, such as a bank or a hedge fund. They normally invest very large amounts of money.

Before you're able to fund your account, you will need to complete a verification process. This will include entering your personal details and uploading a government-issued ID (such as a passport). Depending on how busy the verification department is, it could take a few days before your account is verified.

While deposits with bank transfers are free, card payments cost 3.49%. Trading fees start at 0.2%; however, when you start trading with larger amounts, these fees are reduced.

When it comes to withdrawals, there were some limitations before. You were allowed to make up to 30 bank account withdrawals and 10 Bitcoin or Ethereum withdraws for free each month. However, that's no longer the case. Gemini now charges dynamic withdrawal fees, meaning you only pay the actual network fee—Gemini doesn't add any extra charges on top.

Best altcoin exchange: Gemini.

The main downside of Gemini is that, due to its strict regulatory compliance, it only supports 70+ cryptocurrencies, which limits your overall strategies and narrows your portfolio. Don't get me wrong, you can still buy Ethereum and other top altcoins; however, keep in mind that you won't be able to find a lot of niche altcoins on this platform like you would on MEXC, for example.

In terms of the platform itself, although there are tools available for advanced users, the exchange is really simple to use, making it a good option for first-time buyers.

Pros

Cons

Simple usage

 Limited cryptocurrency support

Highly regulated

Available in many countries, including the US

Table: Advantages and disadvantages of Gemini

Most users appear to be generally satisfied with the platform, which is an important consideration when seeking the best altcoin exchange.

👉🏻 Visit Gemini
...or read our Gemini review

6. Crypto.com - The All-In-One Crypto Exchange

Ranks #6 out of 8 Crypto Exchanges

Crypto.com is a prominent player in the cryptocurrency world, offering a comprehensive suite of financial services centered around digital assets. Founded in 2016, the platform has grown rapidly, boasting a user base of over 100 million by mid-2024.

Crypto.com provides a user-friendly app for buying, selling, and trading around 400 cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and many altcoins. Beyond its exchange services, Crypto.com offers a non-custodial DeFi wallet, an NFT marketplace, and even a direct payment service for cryptocurrency transactions.

Crypto.com review summary: Crypto.com's homepage.

One of Crypto.com's most recognizable features is its Visa card, which allows users to earn cashback in CRO, the platform's native token, on their everyday spending. The card comes in various tiers, each offering different levels of rewards and perks, such as rebates on streaming subscriptions and airport lounge access.

Crypto.com also takes security seriously. It holds all customer assets deposited on our platform in institutional-grade reserve accounts on a 1:1 basis. Users’ accounts are protected by the latest security advancements, including Passkeys, HSMs, and FIDO2, as well as MFA methods like passwords, biometrics, and authenticator codes.

Crypto.com is the first cryptocurrency company in the world to have ISO 22301:2019, ISO/IEC 27701:2019, ISO/IEC 27001:2022, and PCI DSS v4.0 Level 1 Service Provider compliance.

It also runs an active bug bounty program on Hacker One, where people can disclose security vulnerabilities on the platform and get rewards.

👉🏻 Visit Crypto.com
...or read our Crypto.com review

7. BYDFi - User-Friendly Trading for All

Ranks #7 out of 8 Crypto Exchanges

BYDFi is a cryptocurrency exchange platform that aims to provide a user-friendly experience for both novice and experienced traders. While relatively newer compared to some established giants, BYDFi has focused on offering a diverse range of trading options. Some of BYDFi’s key features include:

  • Spot Trading: Buy and sell cryptocurrencies at current market prices.
  • Derivatives Trading: Trade cryptocurrency futures and options contracts.
  • Copy Trading: Automatically replicate the trades of experienced traders.
  • Mobile App: Trade on iOS and Android devices.
  • Educational Resources: Guides and tutorials for learning about crypto trading.
  • Trading Bots: Use automated tools to trade cryptocurrencies like a pro.

The platform supports more than 400 cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC). BYDFi also aims to provide competitive trading fees by offering a flat maker/taker rate of 0.1% on its spot trading platform.

BYDFi is available in the US, Canada, and 150 other countries.

When it comes to security, BYDFi implements essential measures to ensure users' data and funds safety. It uses Amazon Web Services, multi-factor authentication and hardware verification, as well as SHA512 with 512-bit encryption to protect the system. Users can also use two-factor authentication (2FA) using Google Authenticator and SMS to protect their accounts.

👉🏻 Visit BYDFi
...or read our BYDFi review

8. Robinhood - A Commission-Free Investment Platform

Ranks #8 out of 8 Crypto Exchanges

Robinhood is a popular commission-free investment platform that gained widespread recognition for democratizing access to financial markets. Initially known for its user-friendly mobile app and commission-free stock trading, Robinhood has expanded its offerings to include options trading, exchange-traded funds (ETFs), and cryptocurrencies.

The platform's intuitive interface and simplified trading experience have attracted a younger generation of investors, making it easier for them to start investing with smaller amounts of capital. Robinhood's appeal lies in its ease of use, particularly for beginners who might find traditional brokerage platforms intimidating.

Robinhood’s gamified interface and margin trading features have also drawn criticism, with some arguing that they encourage risky investment behavior, especially among inexperienced users.

While Robinhood offers access to a growing number of cryptocurrencies, its selection is generally smaller compared to dedicated crypto exchanges at around 40 assets.

Despite that, Robinhood takes security seriously. It holds the majority of users' coins in cold storage, entirely disconnected from the internet. Robinhood also carries crime insurance that protects a portion of the assets held across its storage systems against losses from theft, including cybersecurity breaches.

The platform also provides multi-factor authentication on all accounts, so users can protect their assets even further. Last but not least, Robinhood maintains strong US regulatory compliance, holding licenses from the New York State Department of Financial Services and FinCEN.

👉🏻 Visit Robinhood
...or read our Robinhood review

Table of Comparison

I have created a comparison table below of all of the exchanges mentioned above. This might make it easier for you to compare the above exchanges and help you decide the best place to buy altcoins.

Fiat Deposits

Trading Fees

User-Friendly?

Security

Altcoin Availability

Binance

Debit Card & Bank Account

0.1%

Very user-friendly

Secure,
provides SAFU fund

500+

MEXC

Debit Card & Bank Account

0.05% for takers, 0% for makers

Intermediate to advanced

Secure,

features anti‑phishing

4,200+

Bybit

Debit Card & Bank Account

0.1%

Intermediate to advanced

Secure,

has encrypted data transmission

1,900+

Kraken

Debit Card & Bank Account

0.25 for makers, 0.40% for takers

Very user-friendly

Secure,

has a whole dedicated department named Security Labs

360+

Coinbase

Debit Card & Bank Account

0.40% for makers,

0.25% for takers

Very user-friendly

Secure,

FDIC‑insured and highly regulated

290+

CEX.IO

Debit Card & Bank Account

0.15% for makers,

0.25% for takers

Intermediate

Secure,

regulated (FinCEN/MSB)

200+

Coinmama

Debit Card & Bank Account

0.2%

Very user-friendly

Secure,

provides no custody

500+

Gemini

Debit Card & Bank Account

0.99%-3.90% (depends on the amount traded)

Intermediate to advanced

Secure,

FIDO2 authentication standard

70+

Table: Comparison of the best altcoin exchanges

As you can see, there are many options with different features, so the best choice ultimately depends on your preferences. However, the most important factors to consider when choosing an exchange are its security features and liquidity levels, as these can significantly impact your potential gains and help prevent losses.[2]

Conclusion

And that’s the end of my best altcoin exchange guide! I understand that it can be really difficult to pick a specific one, as they all have their own advantages and disadvantages! But at least you now know the best places to buy altcoins and how to buy altcoins with fiat money.

While some are perfect for beginners, others are good if you're looking to trade anonymously. This is why I personally use more than one exchange. Sometimes I need an altcoin exchange that accepts debit card deposits, but other times I look for lower trading fees – it all depends on my trading goals!

Anyway, if you read my guide from start to finish, you should now have a good idea of the good and bad points of each of these popular exchanges!

Still not sure which best altcoin exchange to use? Binance, Bybit, and MEXC are great choices.


Other Crypto Exchanges in This Category

Here are other crypto exchanges related to the category but not as favored by BitDegree readers yet. In my personal opinion, today there are much more optimal crypto exchanges in the list with the higher rating that I'd recommend for the same price range or less.

Poloniex - KYC-Optional Centralized Exchange

Poloniex is a US-based exchange that was created in 2014 by Tristan D'Agosta. It is now one of the most popular exchanges to buy and sell cryptocurrencies, and its list of altcoins is quite decent, with the number over 400. Trading volumes are also high, meaning that it's not likely to have any problems finding liquidity.

As Poloniex is registered and located in the US, it actually has one of the best security systems in place. However, it is important to note that back in 2014, it experienced a big hack, where the hackers stole more than 12% of their total Bitcoin holdings.

No matter how good an exchange’s security is, your funds are never 100% safe on an exchange. I would recommend getting a cold wallet to keep your private keys offline.

Poloniex supports several fiat currencies, and you can use your debit/credit card or bank account to fund your account. Moreover, both deposits and withdrawals are free, other than the blockchain transaction fees taken to pay miners (which is normal when transferring cryptocurrencies).

Like some of the other altcoin exchanges I have reviewed, their trading fees will depend on the amount you trade. The most you will pay is 0.20%, with this being reduced to 0% if you are trading with large amounts. This is one of the reasons why Poloniex always has lots of liquidity.

Best altcoin exchange: Poloniex.

Unless you plan to withdraw more than $10,000 per day, there are no requirements to submit identity documents. You can deposit and trade unlimited amounts with a Level 1 account, and enabling 2FA increases your daily withdrawal limit to $50,000.

In addition to all these, Poloniex also has a good customer service department, which includes a live chat facility for instant assistance. Furthermore, although the exchange has lots of tools, such as charts and graphs, the actual platform is really user-friendly.

You can also find different types of trading options within the platform, such as spot, margin, strategy, bots, and more.

Pros

Cons

Decent selection of altcoins

 Had 12% of Bitcoin stolen in 2014

Suitable for both beginners and advanced traders

Zero fees for deposits and withdrawals

No KYC until withdrawal of $10,000 per day

Table: Advantages and disadvantages of Poloniex

While not the top choice, Poloniex still deserves a place in the best altcoin exchanges list.

Bitstamp - High Liquidity Exchange

Bitstamp was created in 2011 and was originally based in Slovenia, but it now has offices located in many different countries. The platform is actually designed for more experienced traders. So, if you are still in your early days of cryptocurrency, then it might not be the best altcoin exchange for you.

However, it has a good trading volume in the industry, so liquidity levels are decent. Nevertheless, one of the biggest advantages of using Bitstamp is that you can deposit funds using a debit/credit card, bank account, and cryptocurrencies, too.

In most cases, deposit fees are free. However, withdrawal fees vary depending on what payment method you decide to use. Here is an example of what you will pay.

Withdrawal Method

Fees

ACH

Free

SEPA

3.00 EUR

Faster Payments (UK)

2.00 GBP

International Wire

0.1% (min fee = 25 USD/EUR/GBP)

Table: Withdrawal fees on Bitstamp.

When withdrawing by international wire, the fees are quite expensive, being minimum of $25. However, SEPA is only €3!

Standard trading fees are fixed at 0.3% for makers and 0.4% for takers, which is quite higher than the market average. The more you trade, the cheaper the fees, with the lowest being 0% for makers and 0.03% for takers, if you are able to trade more than $20 million. Which is a bit out of my budget!

Although Bitstamp now has one of the best security systems available, the exchange has been hacked more than once, with the last time being in 2015. This particular hack was so serious that the criminal stole more than 19,000 BTC. Luckily, nothing has happened since.

Although the amount of altcoins available to buy is not as much as other exchanges, you can buy more than 130 cryptocurrencies, including options like Ethereum (ETH), Bitcoin Cash (BCH), Ripple (XRP) and Litecoin (LTC).

One of the main disadvantages of using Bitstamp was that its verification process could be really slow, because it was trying to catch up from the huge number of account applications it had in December 2017. Some people have reported waits of up to two weeks.

As of 2025, it looks like Bitstamp has improved its onboarding processes. User reviews claim that it takes only a few hours.

Another disadvantage of using Bitstamp is that their customer service can be really slow, with the team sometimes taking up to 3 days to reply, which shouldn't be the case if it wants to be on top of the best altcoin exchange list.

Pros

Cons

Accepts a variety of payment methods

 High fees

Low fiat withdrawal fees

 Slow customer service

Range of tools for advanced traders

Table: Advantages and disadvantages of Bitstamp

Bisq - Decentralized Altcoin Exchange

Bisq, formerly known as 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. Most importantly, the exchange never holds your funds.

Bisq was originally launched as Bitsquare, but rebranded in March 2017 to avoid trademark issues and to simplify its name.

First launched in 2016, Bisq allows users to not only exchange crypto-to-crypto but also crypto-to-fiat. There is no need to supply an ID or even any personal details, which allows you to trade anonymously. So, let's see if Bisq could be the best altcoin exchange for you.

Once you have downloaded the software onto your device, you can buy and sell a good selection of altcoins such as Litecoin and Dash.

There are more than 20 different payment options available, such as a national bank transfer, SEPA, OKPay, and even cash deposit. Furthermore, if you use the third-party payment processor Perfect Money, you can use your debit or credit card.

Best altcoin exchange: Bisq values.

The trading fee system is quite complicated and depends on how much you plan to trade. According to their FAQ page, makers pay 0.10% and takers pay 0.70% if the fee is paid in BTC. However, fees are roughly halved when paid in BSQ tokens.

In addition to trading fees, you’ll also need BTC to cover on-chain mining fees for the deposit and payout transactions, as well as for the security deposit, which is refunded once the trade is completed successfully. Since you are trading peer-to-peer, there are no deposit or withdrawal fees other than the blockchain transaction fee.

Pros

Cons

Decentralized, so nobody holds your funds

 Complicated trading fee structure

Good range of fiat payment methods

 A bit confusing for first-time traders

No identity verification – anonymous trading

Table: Advantages and disadvantages of Bisq

Although the platform interface looks very clear, it might take some time before you get used to the decentralized aspect of trading. This is why it might not be best suited for beginners. So, if it is your first time using Bisq, make sure you start off with a small amount.

The content published on this website is not aimed to give any kind of financial, investment, trading, or any other form of advice. BitDegree.org does not endorse or suggest you to buy, sell or hold any kind of cryptocurrency. Before making financial investment decisions, do consult your financial advisor.


Scientific References

1. A. Gupta, R. Chopda, B. Chaudhary, P. Dwivedi, S. Vhatkar: ‘A Comprehensive Study on Namecoin‘;

2. D. Bianchi, M. Babiak, A. Dickerson: ‘Trading Volume and Liquidity Provision in Cryptocurrency Markets´.

About Article's Experts & Analysts

By Aaron S.

Editor-In-Chief

Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era. W...
Aaron S. Editor-In-Chief
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.
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Recent Best Altcoin Exchange User Reviews

douglas
5.0/5.0 - Coinmama User
27/05/2025
helpful!

the customer support is very helpful and replies quicly, the FAQs have many solutions to common issues people experience on the platform

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E. Joyner
4.8/5.0 - Kraken User
30/04/2025
Fees in EU

Glad fees on this platform are not too high and deposits are free in the EU. I withdraw quite often so those costs do add up ://

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Aliya Hurley
4.4/5.0 - Crypto.com User
28/03/2025
High fees

High fees are killing this project.

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FarRider
5.0/5.0 - Gemini User
27/03/2025
happy to pay

was pleasantly surprised. i expected this popular exchange to charge high fees

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B.P
4.0/5.0 - Crypto.com User
10/03/2025
No help by crypto.com

I’ve got a problem with being scammed and I tried to get my money back since I paid with visa-card but no reply via email

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LC - Correa
5.0/5.0 - Coinbase User
05/04/2025
transfers

very easy to transfer between coinbase, gdax and other platforms. didnt experience any issues

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Hogan Bruno
5.0/5.0 - Coinmama User
04/05/2025
For everybody

Functional and easy to use platform, even beginners will get the hang of it in no time!!!

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Petra <3
5.0/5.0 - Gemini User
07/05/2025
Feel secure using this

Great and reliable platform! their safety measures have never let me down

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Hook Ioana
5.0/5.0 - Kraken User
24/04/2025
PRO level :)

How come no one told me to start using Kraken PRO sooner. I regret missing oportunity. At least now i'm at a level that I can use the platform to it's full potential

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Pattie
4.2/5.0 - Crypto.com User
05/05/2025
Like the app

the app is very well designed, easy to use and reliable

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yasin rich
4.8/5.0 - CEX.IO User
04/03/2025
APP

I prefer the web exchange over the app. Need time to analyse the charts and compare, while the mobile app can be a great alternative for short period of time it can only a fraction of information at a time. I know some people trade solely on the app, but I think it's not for me.

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Valentina159
4.8/5.0 - Coinbase User
23/04/2025
expensive transfers

I enjoy the covenience of having a built in crypto wallet. However, the transaction base fee is on the more expensive side. I usually opt to make a bank trasfer if i'm in a rush.

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Finlay Sutton
4.6/5.0 - Gemini User
11/04/2025
Poor connectivity..

I have limited free time to trade and when i do it often goes offline. Probably i choose peak times:)

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Chester-jr
5.0/5.0 - Coinmama User
15/03/2025
beginner trading

for the first year of trading coinmama was more than enough for me

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F.Atkins
5.0/5.0 - Coinmama User
29/04/2025
Easy to use

Very accessible due to fiat payments, not many exchanges offer this option...

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harvir
5.0/5.0 - CEX.IO User
11/05/2025
margins

not many exchanges allow margin trading, that was the main selling point for me

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elsa acosta
4.8/5.0 - Gemini User
01/04/2025
only 2 cryptos?

was quite surprised that gemini only offers two cryptos, but i guess it's their business focus

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SANIA
5.0/5.0 - Coinbase User
10/03/2025
ALL IN ONE

Multi-functional platform! Facilitates the essential functions that other exchanges fail to provide.

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jorge
5.0/5.0 - Gemini User
28/03/2025
very much needed upgrade

at last they added fiat payments, no need for other exchanges for deposit

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xena ware
4.8/5.0 - Coinmama User
27/05/2025
help

why cant they have live chat available 24/7?

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Leave your honest Best Altcoin Exchange review

Leave your genuine opinion & help thousands of people to choose the best crypto exchange. All reviews, either positive or negative, are accepted as long as they're honest. We do not publish biased reviews or spam. So if you want to share your experience, opinion or give advice - the scene is yours!

FAQ

What is the best altcoin exchange?

Many of the best altcoin exchanges are going to be the same as the best crypto exchanges in the industry, overall. These would include the likes of Binance, MEXC, Bybit, and Kraken. The actual best option for you will depend on your own, personal situation, as well as a few other variables!

How are altcoin exchanges different from any other crypto exchange?

To put it frankly, the best altcoin exchanges don't really differ all that much from the best crypto exchanges, in general. As you might notice, there's a lot of overlap! However, when it comes to altcoin exchange platforms, the number of supported crypto assets on that particular exchange becomes a very important metric! MEXC, for example, supports over 4,200 assets, which is a lot.

How to pick the best crypto exchange for yourself?

Picking out the best crypto exchange for yourself, you should always focus on maintaining a balance between the essential features that all top crypto exchanges should have, and those that are important to you, personally. For example, all of the best exchanges should possess top-tier security features, but if you're looking to trade only the main cryptocurrencies, you probably don't really care too much about the variety of coins available on the exchange. It's all a case-by-case scenario!

Which cryptocurrency exchange is best for beginners?

Reading through various best crypto exchange reviews online, you're bound to notice that one of the things that most of these exchanges have in common is that they are very simple to use. While some are more straightforward and beginner-friendly than others, you shouldn't encounter any difficulties with either of the top-rated exchanges. That said, many users believe that KuCoin is one of the simpler exchanges on the current market.

What is the difference between a crypto exchange and a brokerage?

In layman's terms, a cryptocurrency exchange is a place where you meet and exchange cryptocurrencies with another person. The exchange platform (i.e. Binance) acts as a middleman - it connects you (your offer or request) with that other person (the seller or the buyer). With a brokerage, however, there is no "other person" - you come and exchange your crypto coins or fiat money with the platform in question, without the interference of any third party. When considering cryptocurrency exchange rankings, though, both of these types of businesses (exchanges and brokerages) are usually just thrown under the umbrella term - exchange. This is done for the sake of simplicity.

Are all the top cryptocurrency exchanges based in the United States?

No, definitely not! While some of the top cryptocurrency exchanges are, indeed, based in the United States (i.e. KuCoin or Kraken), there are other very well-known industry leaders that are located all over the world. For example, Binance is based in Tokyo, Japan, while Bittrex is located in Liechtenstein. While there are many reasons for why an exchange would prefer to be based in one location over another, most of them boil down to business intricacies, and usually have no effect on the user of the platform.

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