Altcoin exchanges are a dime a dozen, and it only gets more confusing the more you look. When exchanging crypto tokens for the first time, you might be tempted to go with the very first one you see, but stay your hand and check out XTRgate recommendations. Also, altcoin exchanges will have their own pros and cons, so it’s best to weigh first what’s more important to you when trading crypto. Register and complete several actions to get a feel for the platform. If after a time you find yourself wishing for a feature that’s absent in the platform, go ahead and try the next one.
CryptopiaCryptopia is a veritable wealth of low-volume coins. If you love the thrill of treasure-seeking and finding crypto that you think will become popular and successful in long term, then this should be your first stop. It has good trading pairs and BTC trading. Moreover, it supports Coinigy, one of the most popular trading platforms in the market. The only problem is that it sometimes takes a while for you to get your crypto coins withdrawn as compared to others, like HitBTC. You’ll also need to keep an eye out for super-low volumes that would probably have a short lifespan. In this case, you’ll have to be diligent and do your homework- is a particular cryptocurrency worth your time and investment? News and analysis sites will come in very handy here.
BinanceBinance boasts a robust trading volume everyday and a whopping 292 crypto pairs to choose from. It gets very busy and you may experience slowdowns and lag every now and then, but overall the performance is okay. Binance, like Cryptopia offers new coins for curious traders but we’d recommend that you first learn more about it before putting some money down. A trading fee of 0.1 percent is taken but you can get some nifty discounts if you purchase BNB, or Binancecoin. Binance is one of the most popular altcoin exchanges out there, and with good reason. It’s one of the top firms to offer trading pairs, and the platform feels very intuitive from the get-go. You’ll only spend a few minutes before learning the ropes, and soon you’ll be making exchanges like a pro.
BittoriaBittoria is another excellent altcoin exchange that you should try out. Registration is fast and easy, and you’ll be able to explore everything the platform offers in just a short while. One of the most unique features Bittoria has is its crypto to crypto and crypto to fiat transactions. Users can now trade (buy or sell) their favorite crypto coins much more quickly and without paying a high exchange rate compared to other exchanges. Moreover, you’ll be sure to get a live person who’s knowledgeable about crypto when you encounter an error. Bittoria has a standing license with FINMA, a recognized crypto body for altcoin exchange. With this kind of backing you’re sure that the platform is here to stay for a very long time.
BitfinexBitfinex is a sort of a ‘jack of all trades’ exchange, offering more than 170 pairs and a reasonable margin of up to 3.3x. It’s a good starting point for beginners due to the fact that it has a customizable interface where you can add and remove trading tools, windows and apps for a personal trading experience. Fees of up to 0.2 percent is charged, but this is still within the acceptable range. If you’re the sort of trader who wants several windows open, then Bitfinex was created just for you.
ConclusionTry these 4 top altcoin exchange and see what you think. All of them are serviceable for first-time users and should ease you into the whole crypto trading experience.
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