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5 Best Altcoin Exchanges in 2022

If you want to buy something other than Bitcoin, you’ll need to find the right exchange. Altcoins are any cryptocurrencies other than Bitcoin, and signing up with an altcoin exchange is a great way to diversify your portfolio and find hidden gem investment opportunities.

This article will take you through our top recommendations for altcoin exchanges and who they’re best for to help you find the platform that’s right for you.

Our Top Picks for the Best Altcoin Exchange

  1. Binance - Best Overall

  2. KuCoin - Best for Choice of Cryptocurrencies

  3. eToro - Best for Social Investing

  4. Coinbase - Best for Beginners

  5. Bitfinex - Best for Traders

The Top 5 Altcoin Exhanges Reviewed

Keep reading for in-depth reviews of our top five altcoin exchange picks.

1. Binance - Best Overall

Binance is the top destination for altcoin investors and traders thanks to the sheer volume of coins it offers. With over 600 cryptocurrencies listed, Binance is a great place to find little-known and newly-launched coins. 

Binance’s options for simple and advanced trading interfaces make it ideal for beginners and pros alike. The exchange also offers a number of ways to earn once you’ve bought altcoins, such as staking, savings accounts, and liquidity farming.


  • 600+ cryptocurrencies
  • Margin and derivatives trading
  • Peer-to-peer trading available
  • Various earning opportunities
  • Launchpad for new tokens
  • Low fees
  • Binance Visa Card
  • Mobile app
  • Industry-leading security
  • Educational resources
  • NFTs
  • 24/7 chat support


  • Regulatory issues in some jurisdictions
  • Trading activities limited for US users
  • KYC process can be lengthy

2. KuCoin - Best for Choice of Cryptocurrencies

With more than 600 cryptocurrencies available, KuCoin is the place to go to buy obscure coins that haven’t yet been listed on other major exchanges. You can create an account and buy your first coin in minutes—starting with as little as $1.

There are features to suit every kind of trader, including spot trading with advanced tools, margin trading, futures trading, peer-to-peer trading, and using a trading bot to earn passive profits. You can also earn interest on your crypto through activities such as lending and staking.


  • 600+ coins
  • Obscure and new coins available
  • Low deposit and trading fees
  • Margin and derivatives trading
  • Peer-to-peer trading available
  • Trading bot
  • Trade without completing KYC
  • Token launch platform
  • Opportunities to earn interest and bonuses
  • NFT launch platform
  • Mobile app
  • 24/7 customer service


  • Unlicensed in the US
  • Limited educational resources
  • Customer support is somewhat lacking

3. eToro - Best for Social Investing

eToro is the place to go to benefit from the collective wisdom of its large community of investors. You can learn by building connections with other investors who share their experiences, while the CopyTrader feature lets you replicate the activities of the pros.

With a growing number of cryptocurrencies available, eToro also lets you invest in stocks, forex, and ETFs, so you can create a diverse portfolio all in one place—while enjoying the benefits of 0% commission and fractional shares.


  • Multiple asset categories in one place
  • Copy trading
  • Strong social investing community
  • 0% commission
  • Trusted, regulated company
  • Smart portfolios feature
  • Top-tier security practices
  • Mobile app
  • Provides services globally


  • Not as many cryptocurrencies as other platforms
  • A bit technical for beginners

4. Coinbase - Best for Beginners

Coinbase’s clear interface and seamless user experience make it ideal for those just starting their crypto journey. There is a good range of altcoins to get started with and the recurring buy feature means you can build your holdings through regular automatic purchases.

The advanced tools on the Coinbase Pro platform provide somewhere for those with more experience to trade, and there is also the opportunity to build your knowledge while earning free crypto through the Learn feature.


  • 100+ cryptocurrencies available
  • Easy to use
  • Earn free crypto with Coinbase Learn
  • Range of payment options
  • Industry best security practices
  • Spend crypto with Coinbase Card
  • Well-established and regulated company
  • NFT platform
  • Mobile app


  • Not as many coins as some competitors
  • Higher fees than some other exchanges

5. Bitfinex - Best for Traders

Bitfinex provides everything a trader needs. The top-tier liquidity of its order books means it’s simple to trade a range of coins with minimal slippage. Users can generate yield by providing liquidity or tap into the funding market for up to 10x leverage on their trades.

Traders can benefit from advanced chart tools and a range of order types including advanced Algorithmic orders. They can also comfortably stay on top of the market with a customisable trading interface and the option to set up notifications and price alerts.


  • 170+ cryptocurrencies
  • High liquidity
  • Margin trading and liquidity providing
  • Automated lending strategies
  • Range of order types
  • Strong security
  • Customisable interface
  • Advanced charting functionality
  • Staking service
  • Mobile app


  • A bit technical for beginners
  • Limited deposit options

What is an Altcoin Exchange?

“Altcoin” is short for “alternative coin” and simply refers to any digital currency that isn’t Bitcoin. An altcoin exchange is therefore a platform that facilitates the purchase and trading of cryptocurrencies other than Bitcoin.

Most exchanges today offer more than just Bitcoin, but they will vary in how many altcoins they offer, which ones, and what altcoin services and features they provide.

How to use an Altcoin Exchange

Follow these three simple steps to get started with an altcoin exchange.

1. Choose an altcoin exchange

Select an altcoin exchange that fits your personal preferences regarding user experience and fees. It’s important to choose a platform that is safe and reputable. Click the link below to sign up with our top recommended platform that fits the bill.

Min. Deposit
User Score
The world's largest cryptocurrency exchange with over 2bn daily users
Innovative trading platform offering enormous range of crypto coins
Supports over 60 methods of payment including PayPal
Start Trading
Binance has grown exponentially since it was founded in 2017 and is now one of, if not the biggest cryptocurrency exchanges on the market.
Payment Methods
1Pay, 2C2P, 3d Secure Credit Card, ACH, ANELIK, Abaqoos, AdvCash, AlertPay, Alfa-Click
Algocharge, AliPay, American Express, Apple Pay, AstroPay, BPAY, Bank Link, Bank Transfer, Bank Wire, Baofoo, BitGold, BitPay, Bitcoin, Boleto, Bonds, Borneo Exchanger, Bradesco, CEX.io Mobile App, CFDs, CSS System, CUPS, CartaSi, Carte Bleu, Carte Bleue, Cash, CashU, Cashier Order, Check, Check (UK only), China UinonPay, China Union Pay, China UnionPay, ClickandBuy, Commodities, Contact, Contact Z, Credit Card, Cryptocurrencies, Currencies, DCPay, DIXIPAY, Dankort, Debit Card, Dengi Online, DineroMail, DirectPay, Dotpay, E-dinar, ELV, ENets, EPS, ETFs, EXCARD, Easy2Pay, EcoPayz, Ecommpay, Ecurrencyzone, EgoPay, Emerchant Pay, Eprotections, EstroPay, Ethereum, Euro Bank Account, Euteller, Express Dotpay, Express Polish Post Office 24/7, Express Zabka Market, Ezeebill, Ezybonds, FasaPay, Fastapay, Fastbank, Faster Payments, FilsPay, Forex, GTBank, Gate2Shop, Giropay, GlobalCollect, GlobalPAY, GlobePay, Gluepay, Google Pay, Halcash, I-Account, IPS, Ideal, Indices, Individual US State License(s), Indonesia Exchanger, InstaBill, Instadebit, IntellectMoney, Interswitch, Investmate, Investmate, Itukar, KNET, Klarna, LaoForexBoard, LavaPay, Lion Payment, LiqPay, Litecoin, Lobanet, MOTO, MT4, MT5, Mailing Cash, Market Maker, Masari, Mastercard, MegaTransfer, Mister Cash, Mobile Trading App, Mobile Trading Platform, Moneta, Money Bookers, Money Order, MoneyBookers, MoneyGram, MoneyPolo, Multibanco, NETBANX, Nab, Namecoin, Neosurf, NetPay, OKPAY, OMT, OmahPoin, OnPay.ru, Online Naira, OrangePay, PAYSEC, POLi, POLi & BPay, PYEER, PagoEfectivo, Paxum, Pay Nova, PayCo, PayPal, PayRetailers, PayWeb, Payeer, Payoneer, Payonline, Payvision, Payza, Perfect Money, PocketMoni, Postbank, Powercash 21, Prepaid MasterCard, Prepaid MasterCard (I-Account), Prepaid MasterCard (Intercash), Prepaid MasterCard (Payoneer), Privat 24, Przelewy24, QIWI, RBK Money, Rapid Transfer, RegularPay, SEPA, Safecharge, SafetyPay, SahibExchange, Shilling, SmartPay, Sofort, SolidTrust Pay, SorexPay, Sporopay, Stock Certificate, Stocks, Swish, Teleingreso, Thailand Exchanger, Ticketsurf, Todito Cash, Trade Interceptor, Transact Europe Payment, Trazus, TrustPay, Trustly, UAE Exchange, UPayCard, USD, Ukash, Unet, UnionPay, Unistream, Uphold, Verve, Vietnam Exchanger, Visa, VixiPay, VoguePay, Vouchers, Wallet One, WeChat, Web Based Trading Platform, WebMoney, WebPay, Webtrader, Western Union, Wire Transfer, Wirecard, Yandex, Yandex Money, Yemadai, YuuPay, Z-Payment, Zenith, cTrader, dinpay, eCard, eCheck, eKonto, ePay bg, ePayments Transfer, eToro Mobile Trading Platform, eToro Trading Platform, eTranzact, iPay, mPay, neteller, paysafecard, postepay, skrill, unichange.me
Full regulations list:

2. Create an account and make a deposit

Provide any details requested on the registration form to create an account. Your account likely won’t be verified until you supply additional documentation such as a photo ID and proof of address. Then choose a payment method to fund your account.

3. Start trading

Once you have funds in your account, you’ll be ready to start trading. You can search the platform for the altcoin of your choice and enter how much you want in a buy order. If it isn’t in a trading pair with your local currency, you may have to buy BTC or USDT first.

Different Types of Altcoin Exchange


A broker is a firm that acts as an intermediary between a buyer and seller in return for a commission. Brokers often let users speculate on the price of a cryptocurrency through trading derivatives, rather than buying and holding the actual coins.

Centralised exchanges

A centralised exchange (CEX) is a digital marketplace where buy orders and sell orders are matched through an orderbook and users pay trading fees. They tend to provide digital wallets to hold the coins you buy, and as there is a company operating the exchange and custodying users’ funds, it’s important to pick a trustworthy one.

Decentralised exchanges

Decentralised exchanges (DEXs) aren’t operated by a person or company and run on algorithms known as smart contracts. They tend to use liquidity pools for each coin in place of orderbooks and don’t take custody of users’ funds. Their cost and complexity mean users may need to be more experienced to use DEXs safely.

How To Choose an Altcoin Exchange

There are a number of things to consider when deciding which altcoin exchange to use. We’ve detailed some of them below and which you prioritise will depend on your personal preferences.

  • Fees - altcoin exchanges may charge a range of fees that you’ll want to take into account, including deposit/withdrawal fees, trading fees, blockchain transaction fees, spreads, and commission.

  • Security - it’s important that your funds are kept safe, so consider the reputation of an exchange, whether it keeps crypto in cold storage, and whether you can set up extra layers of security such as 2-factor authentication.

  • Extra features - if you want to do anything other than basic buying and selling, check that a prospective exchange has the features you want. These might include margin trading, staking, setting up price alerts, or copy trading.

  • User experience - how an exchange feels to use is key and personal to each individual. You should choose a platform you find easy to navigate and enjoy using.

  • Coins available - each altcoin exchange offers a different range and number of cryptocurrencies. If you only want a few of the most popular altcoins, an exchange with a limited selection may suit you fine, while you’ll need an exchange with a much larger crypto offering to find those more obscure coins.

  • Customer support - if you ever run into any problems using the exchange, you may need to turn to customer support. Check what kind of support they provide, such as phone, email, or web chat, and whether it’s 24/7.

  • Payment options - you’ll need an exchange that accepts the payment method you wish to use. Different exchanges may have different payment options and may also charge different fees for each.

  • Privacy - a reputable exchange shouldn’t sell your personal information to third parties. If you don’t want to give up any personal information, you’ll need to find an exchange that doesn’t require KYC, which could mean bearing the risks of using an unregulated platform.

Final Thoughts

If you want to buy or trade altcoins, which exchange you use to do it will depend on your personal goals and preferences. With such a diverse range of exchanges available, there is a platform to suit every type of investor.

The reviews above should provide you with the need-to-know information on the best platforms available and help you find the one that’s right for you.

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