Best Altcoin Exchange 2023 - Compare Top Altcoin Platforms

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Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Last Updated April 26th 2023
18 Min Read

One of the essential requirements for trading or investing in altcoins is to make sure you register with a trustworthy cryptocurrency exchange. Of the hundreds of listed exchanges online, which one is the best altcoin exchange in 2023?

Firstly, you need to open an account with a top altcoin exchange that supports your choice of altcoins. Secondly, opt-in with a regulated altcoin exchange offering a secure trading platform, good customer service and low fees. In addition, it's helpful if the exchange has a broad range of deposit options.

The leading cryptocurrency exchanges have established a loyal customer base by building a reputation in the crypto space. In this comparison guide, we review the best altcoin exchanges, highlighting the features and benefits so you can make an informed choice about the best altcoin exchange for you.

Contents

What Is An Altcoin Exchange?

An altcoin is any coin that is not Bitcoin (BTC). It's an abbreviation for an alternative digital currency (to Bitcoin). Most altcoin exchanges list Bitcoin (BTC) and also multiple altcoins. Currently, more than 19,400 altcoins are listed, but most altcoin exchanges only list a few hundred, primarily because they aim to provide users with access to medium to large-cap coins. Coins with negligible market cap do not have investor interest or the liquidity necessary for trading.

Several hundred cryptocurrency exchanges are listed online, but we reviewed the leading, established altcoin platforms with a good reputation in the crypto space. When you open an account with eToro or one of the other top-rated altcoin exchanges, you will have to submit proof of identity, like a driving licence or passport, before you can deposit funds and gain full access to services.

All transactions on an altcoin exchange incur fees. You may be required to pay a commission when placing orders for individual altcoins or on a trading exchange. Most altcoin exchanges charge fees when depositing with a credit or debit card. The exception is that eToro does not charge fees for using debit or credit cards.

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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

List Of The Best Altcoin Exchanges For 2023

Below is a list of the best altcoin exchanges in 2023 that we researched and reviewed:

  • eToro - Overall The Best Altcoin Exchange 2023 
  • BYDFi - Instant Fiat And Crypto Withdrawals
  • Crypto.com - An Altcoin Exchange Where You Can Earn Interest From Your Altcoins
  • ByBit - Top Altcoin Exchange For High Leverage Trading
  • Binance - The Largest Altcoin Exchange By Trading Volume And Low Fees
  • Coinbase - A Popular Altcoin Exchange For Beginners, With A User-Friendly Interface
  • Huobi - A Top Altcoin Exchange Suitable For Diversification Of Your Altcoin Holdings
  • KuCoin - Known As "The Peoples' Exchange", Offers Custodial And Non-Custodial Services
  • Gate.io - A Popular Exchange With A Vast Range Of Markets And Altcoins And A Cold Storage Wallet Option
  • Luno - An Altcoin Exchange App Suitable For Beginners, With A User-Friendly Interface
  • Kraken - A Well-Respected Platform For Trading Altcoins
  • Gemini - A US-Based, Regulated Altcoin Exchange With A Good Range Of Fiat Currencies

 

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Top Altcoin Exchanges Reviewed

When reviewing the best altcoin exchanges, we used a tried and trusted process to identify the top 5 altcoin exchanges:

  • Levels of regulation
  • Trustworthiness - good reputation
  • How many altcoins are supported?
  • Commissions and fees
  • Payment methods
  • Margin and leverage options available
  • Trading tools and features
  • Beginner-friendly
  • Security
  • Customer funds protection
  • Wallet options
  • Minimum deposit requirements
  • And much more

Factoring in the above criteria, we fine-tuned our list to the five best altcoin exchanges for 2023

1. eToro – Overall Best Altcoin Platform for 2023

eToro is an excellent all-around altcoin exchange and secured top place as the overall best altcoin platform for 2023.

With eToro, you have a choice of over 60 markets and altcoins, which you can buy and sell for just $10. eToro fees are low, and you aren't crippled by high costs when funding your eToro account. Some cryptocurrency exchanges charge more than 3% to deposit funds using your debit or credit card. eToro customers can deposit for free with the following options:

  • Debit or credit card
  • Skrill
  • ACH
  • PayPal
  • Bank wire transfer

In addition, it's only $10 to open an account with eToro.

What Altcoins Can I Buy at eToro?

etoro, best altcoin exchange

eToro lists some of the top altcoins in the crypto space:

  • Ethereum (ETH)
  • Cardano (ADA)
  • BNB
  • DASH
  • Monero (XMR)
  • Dogecoin (DOGE)
  • And many more

Another exciting option with eToro is the option to invest in DeFi coins like:

  • Decentraland (MANA)
  • AAVE
  • Cosmos (ATOM)
  • SushiSwap (SUSHI)

Copy Trading with eToro

eToro is a world-leading platform in the cryptocurrency space for copy trading. It's an excellent opportunity if you are a beginner because you can copy the trades of an eToro verified professional crypto trader. Although copy trading is a passive way to buy and sell altcoins, you can learn to model the successful copy trader and start trading yourself.

The eToro platform also gives you access to ETFs, Forex, stocks, indices and commodities.

copy trading on etoro

Does eToro Have a Crypto Wallet?

eToro offers users a user-friendly mobile wallet available as an app on iOS and Android, so you can trade, invest and store digital currencies on the go. The app connects directly to your eToro account. The platform also has a proprietary online wallet. With these options, you know that your altcoins are stored securely.

Is eToro Regulated?

Is eToro safe? eToro won the top position on the list of best altcoin exchanges in 2023 because the platform is heavily regulated. It's the primary reason over 20 million eToro clients trade and invest on the platform.

eToro Regulatory bodies include: 

  • US Securities and Exchanges Commission (SEC)
  •  Financial Industry Regulatory Authority (FINRA)
  •  The Financial Conduct Authority (FCA)
  • The Australian Securities and Investments Commission (ASIC)
  •  Cyprus Securities and Exchange Commission (CySEC)

The Key Features and Benefits of eToro

  • Number of listed altcoins - 60+
  • Number of trading pairs - 60+
  • Debit Card Fees - FREE
  • Fees to purchase crypto coins - the cost of the spread + 1%
  • Minimum eToro Deposit -$10 for US and UK users
  • Top-tier financial regulation
  • Accepts PayPal and debit/credit card deposits - many cryptocurrency exchanges only accept supported cryptocurrency
  • Beginner-friendly trading app
  • Low fees
  • Copytrading option
  • Availability of other financial markets, such as stocks and Forex

crypto trading on etoro

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

2. BYDFi – Instant Fiat And Crypto Withdrawals

BYDFI can’t miss out on the best altcoin exchanges for its superior features. One of the standout points of BYDFI is that it offers instant withdrawals for both fiat and crypto. 

Investors can seize emergent opportunities as quickly as they appear. Similarly, quickly cashing out some funds is just as important when needed. 

bydfi, best crypto exchange USA

By removing the wait times and red tape that typically accompany such transactions, BYDFi empowers investors to make timely decisions without being held back by administrative hurdles. The flexibility is a game-changer in the fast-paced crypto trading and investing world.

In a world where cryptocurrency exchanges come and go, often with very little regulation, it can be tough to know where exactly to put your money. 

Fortunately, some exchanges have taken steps to ensure your deposits are secure. BYDFi is one of those exchanges. With the assurance of safety, BYDFi should be on your radar if you're in the market for a reputable altcoin exchange.

Notably, the world of cryptocurrency trading can be thrilling and profitable, but it can also be daunting, especially for beginners. Thankfully, BYDFi exchange has the perfect solution - copy trading. 

This feature is a game-changer for those new to the market who want to minimize risks. With copy trading, you can follow more experienced traders and copy their trades in real time. 

This means trading without learning all the intricacies of the crypto market. It's no wonder that the BYDFi exchange is rapidly gaining popularity, especially among those who want to dip their toes into cryptocurrency trading with confidence.

The Key Features And Benefits of BYDFi Exchange 

  • Instant deposits and withdrawals
  • Licensed and regulated broker
  • Copy trading feature for beginner traders
  • Lots of altcoins to choose from 
  • Easy-to-use interface

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Virtual currencies are highly volatile. Your capital is at risk.

3. Crypto.com – An Excellent Altcoin Exchange to Earn Interest from Altcoins

Crypto.com lists over 200 altcoins, so it's an excellent platform for diversifying your cryptocurrency investments. It's quick and easy to open an account with Crypto.com, and verified account holders can buy altcoins with a debit card for a small 2.99% fee. If you're new to Crypto.com, it's worth asking if this fee can be waived as the platform often does for new customers.

crypto.com, altcoin exchange

Other deposit options are via a domestic bank wire or ACH, and there are no fees for these transfers other than 0.40% per slide on the arrival of the funds to your account. Crypto.com supports CRO, an altcoin that can help reduce trading commissions.

Crypto.com has a yield earning savings account that supports multiple altcoins with variable APY, depending on the length of the lock-up period you opt for, notably between one to three months.

Crypto.com also enables instant crypto loans where you can use your altcoins as collateral for a loan, meaning you retain ownership of your crypto but make interest from the loan. The platform has insurance that covers the loan in the event of a default.

As a top-rated cryptocurrency exchange, Crypto.com has one of the best crypto credit cards in the cryptocurrency space.

The Key Features and Benefits of Crypto.com

  • Number of listed altcoins - 200+
  • Number of trading markets - 400+
  • Secure mobile crypto wallet
  • NFT marketplace
  • Deposit options - Debit and credit card or bank transfer
  • Debit Card Fee - 2.99% though Crypto.com sometimes waiver the fee for new customers
  • Fees to purchase Ethereum (ETH) - Up to 0.40% commission
  • Minimum Deposit - $20 if using ACH
  • Crypto lending and saving services
  • Competitive fees
  • Crypto credit card

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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

4. ByBit – Top Altcoin Exchange For High Leverage Trading 

ByBit has become one of the most popular cryptocurrency exchanges for spot trading despite being a relatively new entrant into the market. One of the main reasons ByBit ranks so highly among altcoin exchanges is its high leverage. 

Top Altcoin Exchange For High Leverage Trading 

With some of the highest leverage available for spot trading, up to 100x, traders can take advantage of even the most exciting price swings with minimal initial capital. 

This powerful combination of high potential gains and low, upfront investment requirements is a game-changer in the industry, and it's no surprise that so many people are turning to ByBit for their trading needs. 

ByBit's user-friendly interface also makes it simple and accessible for everyone. You can easily navigate their platform and purchase alternative coins and other crypto assets even if you're new to the game. 

This means you can start building your investment portfolio without feeling overwhelmed or confused. ByBit's intuitive design makes tracking your holdings, monitoring market trends, and confidently executing trades easy. 

Getting started in altcoin trading can be daunting for beginner traders. However, ByBit offers a range of tools to help simplify the experience and improve success rates. Even novice traders can learn to interpret market trends and make informed decisions through technical analysis tools. 

Additionally, copying trade allows new traders to watch and learn from experienced traders, gaining valuable insight and improving skills. With these helpful tools and more, it's clear why ByBit has quickly risen to become one of the best altcoin exchanges available today.

The Key Features And Benefits of Binance

  • Leverage of up to 100X
  • Easy-to-navigate interface
  • Copy Trading and other tools to help traders
  • Lots of altcoins to choose from
  • P2P platform 
  • Passive income investing

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5. Binance - Top Altcoin Global Exchange by Trading Volume

Established in 2017, Binance has become the leading global cryptocurrency exchange by trading volume. The platform has a vast range of altcoins and trading markets, and trading fees are highly competitive, with commissions starting at only 0.1% per slide. In addition, Binance has a native token, BNB, and if you hold this altcoin, you can access reduced trading fees.

binance Top Altcoin Global Exchange

The Binance trading platform, whilst user-friendly, enables advanced traders access to a range of trading tools for in-depth technical analysis. You can use the beginner-friendly interface to buy altcoins if you're a crypto newbie. Fees are variable depending on your chosen deposit option. It's free to deposit via bank wire or ACH. If you use a debit or credit card, anticipate a 4.5% fee and a further 0.5% instant buy fee. You can also deposit with a supported cryptocurrency.

Binance provides a secure downloadable wallet. The decentralised Trust Wallet links to your Binance account, and it is easy to use for trading or investing multiple altcoins or DApps on the go. If you prefer, Binance also offers an online wallet, protected with 2FA identification and IP address white-listing. If you log in from a new device or location, Binance will require additional security checks.

Binance has a United States specific website. You can access Binance US if your state permits crypto trading and investing.

The Key Features and Benefits of Binance

  • Number of altcoins - 390+ (100+ for US clients)
  • Number of trading markets - 1660+ (229+ for U.S clients)
  • Debit Card Fee - 4.5% plus 0.5% buy fee
  • Fees to purchase Ethereum (ETH) - variable up to 0.10% commission
  • Minimum Deposit - variable, depending on the payment method
  • Trading fees - 0.10% per slide
  • Supports debit cards
  • Secure crypto wallet - Trust Wallet app or online wallet
  • Advanced technical trading tools

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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

6. Coinbase – An Excellent Altcoin Exchange for Beginners

Coinbase is undoubtedly one of the best altcoin exchanges for beginners. Even the most inexperienced newbie can navigate the simple interface and buy altcoins with a debit or credit card. Coinbase fees of 3.99% for card payments can be more expensive than other top altcoin exchanges. You can also deposit with Paypal, and ACH transfers are free.

Coinbase, An Excellent Altcoin Exchange for Beginners

Coinbase tends to list the top listed coins by market cap. The platform aims to protect its clients from potentially risky new altcoins with a low market cap. Coinbase lists altcoins like: 

  • Ethereum (ETH)
  • Dogecoin (DOGE)
  • Cardano (ADA)
  • Shiba Inu (SHIB)
  • Stablecoins like USDC and USDT

Coinbase security is excellent, with 98% of clients' altcoins stored in cold storage offline. 2FA is mandatory, adding extra layers of security to protect your altcoin holdings. You can keep your altcoins in the Coinbase online wallet or choose the non-custodial wallet, a downloadable app for iOS and Android devices.

The Key Features and Benefits of Coinbase

  • Number of altcoins -170+
  • Number of trading markets - 500+
  • Debit Card Fees - 3.99%
  • Fees to purchase Ethereum (ETH) -1.49% commission
  • Minimum Deposit – variable, depending on the payment method
  • Beginner-friendly interface
  • Payment options - debit/credit cards, Paypal and bank transfer
  • Excellent security

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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

7. Huobi - A Top Altcoin Exchange for Diversification  

With over 500 coins and more than 1,000 trading markets, Huobi Global is an excellent exchange for diversification across the top DeFi coins. Many altcoins pair to USDT, a stablecoin, but other digital currency pairs are available.

Huobi, Top Altcoin Exchange for Diversification 

For the more advanced crypto trader, Huobi offers crypto derivatives, covering a broad range of futures markets available to trade on margin.

Huobi's native token is HT which can help reduce trading commissions. For instance, if you hold 10+ HT tokens, you receive a 10% discount, and 100+ HT tokens receive a 20% discount. Huobi commissions are reasonable at 0.20% per slide.

You can earn interest from yield-generating altcoins on Huobi Global with generous, industry-leading APY rates, and typical lock-up periods are 7-14 days on average.

The Key Features and Benefits of Huobi Global

  • Number of Altcoins - 500+
  • Number of trading markets - 1080+
  • Debit Card Fee - variable up to 3.9%
  • Fees to purchase Ethereum (ETH) - variable up to 0.20% commission
  • Minimum Deposit - variable depending on the payment method
  • Competitive trading fees
  • Multiple derivatives (check availability for your country)
  • Crypto savings accounts

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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

The Best Altcoin Exchanges In 2023 Compared

The comparison table below shows the critical information for the top 5 altcoin exchanges in 2023

Altcoin Exchange Number Of Altcoins Debit Card Fee Fees To Buy Ethereum Minimum Deposit
eToro 60+ FREE cost of the spread + 1% $10
Crypto.com 200+ 2.99% Up to 0.40 commission $20 with ACH
Binance 390+ 4.5% 0.10% commission Variable on deposit method
Coinbase 170+ 3.99% 1.49% commission Variable on deposit method
Huobi 500+ 3.9% Up to 0.20 commission Variable on deposit method

     

How To Choose The Best Altcoin Trading Platform For You?

There are more than three hundred altcoin exchanges listed on CoinMarketCap. For a beginner in the crypto space, it can seem like a minefield to figure out the best altcoin exchange in 2023. This section lists the essentials for choosing the best altcoin exchange for your needs.

Best Altcoin Trading Platform

Is the Altcoin Exchange Regulated?

The leading cryptocurrency exchanges are licensed by one or multiple financial authorities. That means the platform must follow the strict rules and guidelines of the regulatory body or face the consequences. Considering that obtaining a licence can cost an altcoin exchange millions of dollars, they have a vested interest in taking care of clients.  

If you deposit funds with an unregulated exchange, you have zero redresses if anything goes wrong. For instance, eToro is registered with FINRA and licenced by the SEC, and Coinbase is too.

How Many Tradable Altcoins are Available?

You may know what altcoins you want to trade, so your first step is to find a regulated exchange from our list of best altcoin exchanges that supports your favourite altcoin.

Altcoin-USD Pairs

Altcoin USD pairs are popular with cryptocurrency traders. They are typically available for most countries but check availability if you are in the United States. If the altcoin exchange has approval for providing cryptocurrency services to US clients, you can trade altcoin USD pairs

eToro is the best altcoin exchange in the United States

We rated eToro as the best overall altcoin exchange 2023 because you can trade most of the top listed altcoins against the US dollar. For instance, Ethereum (ETH), Cardano (ADA), Dogecoin (DOGE) and Shiba Inu (SHIB) are all paired to the dollar.

Altcoin-USDT Pairs

Tether (USDT) is a stablecoin supposedly pegged to the US dollar. However, $USDT is not decentralised and is often a coin seen on unregulated exchanges. USDT is backed by a centralised entity, which means Tether can randomly issue new $USDT tokens. The consensus is to ensure the altcoin exchange is fully regulated if you plan to trade $USDT pairs.

Altcoin-Cross Pairs Pairs

Trading altcoin cross pairs can be risky because you are trading a pair containing two altcoins, significantly increasing volatility. For instance, if you trade DOGE/BNB, you are trading DOGE against $BNB. Trading altcoin cross pairs is more suitable for advanced cryptocurrency traders.

Competitive Service Fees

Overall, the top five altcoin exchanges have reasonable or competitive fees. Depending on what service you use, always check you are happy with the costs before submitting an order.

Deposit Fees

Deposit fees are typically the most expensive if you use a debit or credit card. For instance, Coinbase charges 3.99%, and Binance is 4.5% and a 0.5% purchase fee. That's a significant amount to add to your funds deposited. eToro rated the highest because credit and debit card deposits are 100% free, with deposits made with US dollars.

Most altcoin exchanges support domestic bank wire or ACH, and, typically, this service is free. Still, it won't be acceptable if you are in a rush to buy altcoins, as you may have to wait a few days for funds to land in your account. Crypto.com is the exception because it enables instant ACH deposits for free.

Commission Fees

If you're trading altcoins, you will have to pay a commission on your trades. For instance, if you purchased $1000 of any altcoin on Crypto.com, you'd pay 0.40% per slide, which equals a $4 commission fee. If you later sell your altcoin holdings for $2000, the commission is $8.

Compare the above to a Coinbase transaction, with a commission of 1.49%. On the purchase, you'd pay $14.90 and on the sale, a whopping $29.80. Therefore, it makes sense to trade altcoins with an exchange with more cost-effective fees.

Transfer Fees

You may not wish to use the proprietary crypto wallet of your chosen altcoin exchange. If you have a separate wallet, it's best to check the fees of the altcoin exchange for transferring to your wallet. Fees are variable depending on the altcoin you wish to transfer. For instance, if you want to withdraw Ethereum (ETH) to your private wallet, Binance charges 0.002 ETH. The exact sum you'll pay depends on the market price of Ethereum (ETH). Today's price ($2018.96: 16.5.22) means your transfer fees total $4.03.

If you're withdrawing small quantities of ETH, it can become expensive. eToro charges 0.5% for withdrawals, making it more cost-effective even for smaller withdrawals.

Cryptocurrency Wallet

Every cryptocurrency wallet is different in terms of how many tokens it supports, levels of security, fees and device types. The top 5 altcoin exchanges all provide a proprietary crypto wallet.

eToro Wallet

eToro offers two wallets. You can conveniently leave your altcoins in the eToro online wallet or download the eToro app and transfer your altcoins.

Coinbase offers a self-custody wallet, and Binance has an online wallet or the Trust Wallet app. Huobi has a multicurrency wallet, and Crypto.com has a DeFi wallet.

etoro wallet

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Liquidity

If you wish to trade altcoins, you need an altcoin exchange with good liquidity and trading volume. Platforms without sufficient liquidity lead to unfulfilled orders and unfavourable prices. With poor liquidity, it can be tricky to sell your altcoins without losing significant value.

Thankfully, the best altcoin exchanges in this review are all trading with good liquidity and trading volume.

Tools & Features

What tools and features are available on your chosen altcoin exchange? The benefits are to make it easier to trade, invest or take part in any other services provided by the platform:

  • Technical analysis tools - you need access to chart tools to identify high probability trades. Look for a good range of technical indicators and real-time data. It can be helpful if the exchange integrates with the Trading View platform.
  • Copy Trading - when you're a newbie to crypto trading and investing, the eToro copy trading service wins hands down for teaching you what the professional cryptocurrency traders do. You can select from a list of eToro verified traders and simply mirror their trades in your eToro account. There is a minimum investment requirement of $200, but you can stop the service at any time or switch to another copy trader if you wish.
  • Altcoin News and Market Insights - it's essential to stay on top of market news for your chosen altcoins or the crypto market. For instance, a random tweet from Elon Musk can send prices sky-high or plummeting to the ground. When he announced support for Dogecoin, the price of DOGE tokens quickly rose by 40%.
  • Alerts - real-time alerts can be helpful in a volatile market like altcoins, and you can set it to send text notifications
  • Payment Methods - it's helpful if an altcoin exchange has a range of payment methods, like debit and credit card, PayPal, Skrill, bank transfers and cryptocurrency transfers. Before depositing, check the anticipated speed for crediting deposits for your chosen payment method.
  • Customer Service - Most of the top altcoin exchanges provide 24/7 customer support. Most crypto customers find live chat to be the most useful support option.
  • Mobile App - Most leading altcoin exchanges provide a downloadable app for iOS and Android devices. Having the app on your smartphone means you never miss a trading or investment opportunity if you're on the move.

How To Buy Altcoins From eToro Exchange

If you're new to the cryptocurrency space, you may feel concerned about how to use an altcoin exchange. For this guide, we'll outline how to open an account with eToro, get your account verified, deposit funds and start trading.

Opening an account with eToro takes less than five minutes:

Step 1: Open an eToro Crypto Account

Go to the official eToro website, register for an account and submit your personal details. Choose a username and secure password and write it down safely, or use an online password account like Roboform. eToro may request your social security number and ask a few questions about your trading experience.

open trading account

Step 2: Upload KYC Identification Documents

To get full access to eToro services, upload a copy of a government-issued ID, like a passport or driving licence. Also, submit a utility bill or bank statement. On approval, eToro instantly verifies your account.

etoro account verification

Step 3: Deposit Funds

Decide on your preferred payment option. If you're depositing with US dollars, debit and credit card payments are free, and the minimum deposit is only $10. Alternatively, deposit by bank transfer or supported cryptocurrency.

fund account

Step 4: Search for your Chosen Altcoin

Log in to your eToro account and click on the "Discover" tab and the "Crypto" tab. You'll then see the complete list of altcoins listed on eToro. Alternatively, if you know the name of the token you wish to buy, you can type the name into the search box.

buy cryptos on etoro

Step 5: Buy Altcoin

Once you have chosen your altcoin, place a buy order and enter the amount you wish to buy. eToro's minimum is $10. When you are ready to complete the transaction, click on the "Open Trade" tab.

You will need to place a buy order on your chosen altcoin token and enter your stake in the' Amount' box.

Step 6: Send your Altcoins to a Secure Wallet

Finally, transfer your altcoins to your chosen wallet. It is a high risk to leave your altcoins on an open exchange.

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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Conclusion - Best Altcoin Exchanges

We've selected the best altcoin exchanges for 2023. You now have all the information needed to choose the right altcoin exchange for your needs, considering security, trading tools, customer support, fees and commission, and supported altcoins.

eToro came out on top for many reasons. As a crypto newbie, you can get started with eToro for only $10 and deposit with a debit or credit card for free. If you're looking to trade altcoins right now – consider the user-friendly Toro platform

Trading or investing in financial instruments such as cryptos may not be suitable for all investors. It does involve risk and the possibility of a loss of capital. There are no guarantees for profiting from cryptocurrencies, and it's advisable only to risk what you can comfortably afford to lose.

eToro - The Best Platform To Buy Altcoins

eToro cryptocurrency trading

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Read More:

Best Altcoin Exchange FAQs

What's the best altcoin exchange for day trading?

Day trading cryptocurrency requires good liquidity and trading volume. Any of the top 5 altcoin exchanges are suitable for crypto day traders.

What is the best altcoin exchange for US traders?

Not every altcoin exchange has approval for US trading, so it's always best to check before opening an account. eToro is available in the United States. eToro USA LLC provides the US platform, registered with the Financial Crimes Enforcement Network ("FinCEN") as a Money Services Business ("MSB"). eToro has licences with financial regulators from several US states.

How do I know the best copy trader to use on eToro?

You can check eToro’s verified list of traders and investors by clicking on the "copiers" column. From there, you can read the personal profile of every trader by right-clicking on their name. Search for a trader with at least a year of providing copy trades with low historical drawdowns and avoid traders with exceptionally high percentage gains. Traders with spectacular results are likely to be trading high risk. Preferably, choose a trader with a low-risk score.