Altcoin & Bitcoin Trading Site Comparison

You already bought some Bitcoin and you want to exchange them into other crypto currencies? Here are the best Bitcoin and Altcoin Trading Sites compared.

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Compare your Top 3 Bitcoin Exchanges
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Provider
Pro and Contra
Has been hacked?
Fees
Security
Trading
Anonymous, No KYC
80 80
Pro
  • 2FA ensures security
  • High leverage (up to 100x Cryptocurrencies, up to 1000x Forex)
  • No KYC required
Contra
  • Not widely known yet
Has been hacked? No Fees
Deposit Fees:
No
Withdrawal Fees:
No
Trading Fees:
0.001%-0.05%
Security Good Trading
Futures? No
Derivatives? Yes
Margin Trading? up to 1000x
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US Friendly!
88 88
Pro
  • Low fees
  • Excellent liquidity in both USD and EUR markets
  • Margin and futures trading supported
  • Only exchange platform selected to support investigation into Mt. Gox's stolen Bitcoins
Contra
  • Sometimes has uptime problems when market gets hot.
  • Verifications take time.
  • Unlike many other Bitcoin exchange platforms, it does not work as crypto wallet.
  • Although it is not solely a Bitcoin exchange for US, Kraken has a lot of restrictions for a wide range of countries, specially for credit card purchases.
Has been hacked? No Fees
Deposit Fees:
10 USD for FedWire (Silvergate) 5 USD for FedWire (Synapse) 10 USD for SWIFT (Silvergate Bank) 3 USD for SWIFT (Bank Frick) 3 EUR for SWIFT (Bank Frick) 1.25 CAD + 0.25% of the transaction for In-person cash or debit (Canada Post) 1.5% of the transaction for Interac e-Transfer 3 CAD for SWIFT (Bank Frick) 21 GBP for CHAPS (ClearJunction) 3 GBP for SWIFT (Bank Frick) 0.75 CHF for SIC (Bank Frick) 0.75 CHF for SWIFT (Bank Frick)
Withdrawal Fees:
Yes
Trading Fees:
0.00%-0.26%
Security Excellent Trading
Futures? Yes
Derivatives? Yes
Margin Trading? up to 5x
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All in One
80 80
Pro
  • Very low fees
  • A myriad of coins to exchange with
  • No lags experienced with website
Contra
  • Customer support lacks phone
  • Has been hacked one time (but compensated their users)
  • Different domains for US and the rest of the world
Has been hacked? Yes (on 7. May 19) Fees
Deposit Fees:
No
Withdrawal Fees:
Yes
Trading Fees:
0.012% - 0.10%
Security Ok Trading
Futures? Yes
Derivatives? Yes
Margin Trading? up to 20x
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High Volume
76 76
Pro
  • High liquidity
  • Low fees
  • Full package of order types, margin trading and lending market
  • Hack has been solved professionally and innovative, paid back all the losses from the hack (!)
Contra
  • Not a transparent company
  • Has been hacked multiple times
  • Controversial connection to Tether
Has been hacked? Yes Fees
Deposit Fees:
No (only for FIAT)
Withdrawal Fees:
Yes
Trading Fees:
0.10%-0.20%
Security Ok Trading
Futures? Yes
Derivatives? Yes
Margin Trading? up to 10x
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90 90
Pro
  • Fast account creation
  • Real-time auditing
  • High leverage
Contra
  • Only Bitcoin and Ethereum trading
  • Not user-friendly
  • Website design is confusing
Has been hacked? No Fees
Deposit Fees:
No
Withdrawal Fees:
Depends
Trading Fees:
-0.01%-0.05%
Security Excellent Trading
Futures? Yes
Derivatives? Yes
Margin Trading? up to 100x
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84 84
Pro
  • Up to 200x leverage
  • No KYC
  • Attractive affiliate program
  • Supports MetaTrader 5
Contra
  • Lack of transparency of company background
  • Only BTC, LTC, ETH, DOT tradable
  • No live chat support
  • Unregulated (no deposit insurance)
Has been hacked? No Fees
Deposit Fees:
No deposit fees
Withdrawal Fees:
Trading Fees:
Security High Trading
Futures? Yes
Derivatives?
Margin Trading? Yes
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80 80
Pro
  • Low fees
  • Responsive support
  • Low risk due to small trade volume
Contra
  • Team is unknown
  • Unregulated
  • Security Issues
Has been hacked? Unsure Fees
Deposit Fees:
No
Withdrawal Fees:
Yes
Trading Fees:
0.2%
Security Good Trading
Futures? N/A
Derivatives? N/A
Margin Trading? No
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82 82
Pro
  • Security is top priority
  • Fairly easy to navigate
  • Automated features
Contra
  • Verification process takes forever
  • Customer Service issues not being resolved on time
Has been hacked? No Fees
Deposit Fees:
No
Withdrawal Fees:
Yes
Trading Fees:
0.25%
Security Excellent Trading
Futures? No
Derivatives? No
Margin Trading? No
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88 88
Pro
  • Low fees
  • Futures trading options
  • Leverage up to 100x
Contra
  • Lack of real user experience online
  • No social media activity (Twitter suspended)
  • Users from the US are excluded
Has been hacked? No Fees
Deposit Fees:
No
Withdrawal Fees:
No
Trading Fees:
0.005%-0.060%
Security Good Trading
Futures? Yes
Derivatives? Yes
Margin Trading? up to 100x
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Bad Performance
52 52
Pro
  • Many altcoins to trade in
  • Margin trading in altcoins
  • Good liquidity
Contra
  • No fiat currency trading
  • Slow Website
  • Poor support
Has been hacked? Yes, in 2014 Fees
Deposit Fees:
No
Withdrawal Fees:
No
Trading Fees:
0.0 - 0.25%
Security Excellent Trading
Futures? No
Derivatives? No
Margin Trading? up to 100x
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80 80
Pro
  • using Meta Trader 5
  • lot of different coins are supported
  • leverage up to 20x
Contra
  • very new exchange with no real track record
  • only crypto deposits are available
  • can be confusing for newbies
Has been hacked? No Fees
Deposit Fees:
Free
Withdrawal Fees:
Miner fee
Trading Fees:
0,2%
Security High Trading
Futures? No
Derivatives? Yes
Margin Trading? up to 20x
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84 84
Pro
  • Low trading and withdrawal fees
  • Exchange platform is easy to understand
  • Vast range of coins
  • Easy account creation
Contra
  • Unregulated
  • Shady business practices
  • Got hacked pretty badly
Has been hacked? Yes, in 2020 Fees
Deposit Fees:
Free
Withdrawal Fees:
BTC 0.0005
Trading Fees:
0.1%
Security Got hacked in the past Trading
Futures? No
Derivatives? No
Margin Trading? No
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Popular Newcomer
78 78
Pro
  • low trading fees (rebates for market makers!)
  • no KYC process
  • sign-up and deposit bonuses
Contra
  • No information about the company
  • No fiat trading option
  • New trading platform with no real social media activity
Has been hacked? No Fees
Deposit Fees:
No
Withdrawal Fees:
No
Trading Fees:
-0,025%-0,075%
Security Good Trading
Futures? No
Derivatives? No
Margin Trading? Yes, up to 100x
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76 76
Pro
  • Supports more than a thousand cryptocurrencies and multiples trading pairs
  • High-security crypto exchange
  • It has more features than average crypto exchange platforms
  • Users have plenty of ways to earn passive income
Contra
  • Security filters make the Gate.io experience a little difficult to handle
  • Custodial crypto exchange
  • Not an anonymous exchange
  • Fees are a little high compared to other crypto exchanges
Has been hacked? No Fees
Deposit Fees:
No
Withdrawal Fees:
Yes
Trading Fees:
0.2% / 0.2%
Security High Trading
Futures? Yes
Derivatives? Yes
Margin Trading? Yes
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Lots of Altcoins
80 80
Pro
  • User-friendly Interface
  • Security -Yobi codes (deposit codes)
  • Free Coins
Contra
  • Many Negative reviews
  • Very high withdrawal fees ( > 0.001 BTC)
Has been hacked? No Fees
Deposit Fees:
Yes
Withdrawal Fees:
Yes
Trading Fees:
0.2%
Security Excellent Trading
Futures?
Derivatives? No
Margin Trading? No
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86 86
Pro
  • no trading commissions
  • rewards system after open trades
  • offers to trade forex and gold too beyond crypto
Contra
  • no real online presence of the company
  • US users are not accepted
Has been hacked? No Fees
Deposit Fees:
No
Withdrawal Fees:
No
Trading Fees:
0.00%
Security Good Trading
Futures? No
Derivatives? Yes
Margin Trading? up to 50x
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80 80
Pro
  • Verified merchants offer platform users services
  • Fast turnaround of deposits and withdrawals
  • High flexibility
  • Fully escrowed delivery
Contra
  • No mobile app
Has been hacked? No Fees
Deposit Fees:
No
Withdrawal Fees:
0.1% USD, 5 USDT, 0.0005 BTC
Trading Fees:
0.008%-0.150%
Security Good Trading
Futures? N/A
Derivatives? N/A
Margin Trading? up to 100x
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82 82
Pro
  • low commissions
  • No KYC needed for crypto only deposits / withdrawals
  • good resources on trading and cryptocurrency
  • UK phone hotline
Contra
  • no information on the company background
  • US users are restricted
  • only cryptocurrency deposits are accepted
Has been hacked? No Fees
Deposit Fees:
No
Withdrawal Fees:
No
Trading Fees:
0.00%
Security Good Trading
Futures? No
Derivatives? No
Margin Trading? up-to 50x
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82 82
Pro
  • margin trading available in less-known altcoins too
  • option to reduce trading fees
  • native token
Contra
  • not available for US users
  • site is not completely localized for English
  • KYC is needed for withdrawal
Has been hacked? No Fees
Deposit Fees:
No
Withdrawal Fees:
No
Trading Fees:
0,04%
Security Good Trading
Futures? No
Derivatives? Yes
Margin Trading? up to 10x
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80 80
Pro
  • 2FA
  • Low Fees
  • A wide range of coins
Contra
  • No Fiat Payments
  • Leverage not available yet
Has been hacked? No Fees
Deposit Fees:
No
Withdrawal Fees:
No
Trading Fees:
0.025%-0.075%
Security Excellent Trading
Futures? No
Derivatives? No
Margin Trading? up-to 50x
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60 60
Pro
  • Easy account creation
  • Futures and Options available
  • Phone support
Contra
  • Beta phase
  • Platform design needs to be “optimized”
  • Does not support any Fiat deposit/withdrawals
Has been hacked? No Fees
Deposit Fees:
None
Withdrawal Fees:
None
Trading Fees:
-0.02%-0.03%
Security Excellent Trading
Futures? Yes
Derivatives? No
Margin Trading? up-to 10x
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80 80
Pro
  • Well-designed
  • Transparent
  • Easy to understand
  • Secure
Contra
  • Does not accept any fiat currencies
  • FAQ section can be further expanded
  • Not for beginners
Has been hacked? No Fees
Deposit Fees:
No
Withdrawal Fees:
0.0005 BTC
Trading Fees:
0.05%
Security Good Trading
Futures? N/A
Derivatives? N/A
Margin Trading? N/A
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52 52
Pro
  • Support for numerous altcoins
  • Fast deposits and withdrawals
  • Competitive fees
Contra
  • Weak liquidity for some of the coins
  • No mobile apps
Has been hacked? No Fees
Deposit Fees:
Yes
Withdrawal Fees:
Yes
Trading Fees:
0.02%-0.18%
Security Good Trading
Futures? No
Derivatives? No
Margin Trading? No
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90 90
Pro
  • Founders have clear track record in crypto trading
  • New features: Initial Futures Offerings
  • Physically Delivered Bitcoin futures
Contra
  • Might not be suitable for newbies
  • New company
  • No fiat support
Has been hacked? No Fees
Deposit Fees:
No
Withdrawal Fees:
0.03%
Trading Fees:
0,03%
Security High Trading
Futures? Yes
Derivatives? Yes
Margin Trading? up to 20x
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Has Legal Problems
30 30
Pro
  • Available futures and derivates trading
  • High leverage
  • Many advanced features
  • Good liquidity
Contra
  • Has legal problems
  • Not for beginners
  • Trading Engine Problems often
  • High Withdrawal Fees
Has been hacked? No Fees
Deposit Fees:
No
Withdrawal Fees:
No
Trading Fees:
-0.05%-0.25%
Security Good Trading
Futures? Yes
Derivatives? Yes
Margin Trading? up to 100x
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40 40
Pro
  • Demo Mode
  • Lot of small cap altcoins
  • API
Contra
  • Hard Verification
  • Many user complaints
  • Fees are high
Has been hacked? No Fees
Deposit Fees:
Yes
Withdrawal Fees:
Trading Fees:
0.10%-0.20%
Security Good Trading
Futures? No
Derivatives? No
Margin Trading? up-to 5x
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Show more Bitcoin Exchanges

Best Bitcoin Trading Platforms

The Bitcoin and Altcoin Trading sites on this page show our opinion only and BestBitcoinExchange.net is not responsible for any losses that may happen by trading on these trading platforms.

 

What are altcoins?

Although bitcoin is the leading cryptocurrency on the market, there are several different alternative digital coins are available on the market. Altcoins have the similar background as bitcoin, they are all based on blockchain technology although different technical algorithms and features are associated with each altcoin.

As of today there are almost thousand different altcoins have been issued to the market. The number of alternative digital currencies is growing every week as new coins hit the market through the ICO – the Initial Coin Offering processes.

The altcoins are placed to market through ICOs which becoming more and more popular for startups to raise money and for investors to jump into hot investment opportunities. The initial coin offering process is the exercise during the altcoins are issued to the market for first public purchases. It is similar to the IPOs on the exchanges, however during an ICO in stead of shares, a new cryptocurrency is issued to the market.

The process begins with issuing a white paper, where the owners of the new digital coin details the features and specifics of the cryptocurrency that will be placed to the market along with the initial prices.

You can check the ICO Calendar for the newest altcoins, or just follow the Bitcoin Talk forum thread about emerging altcoins. Investors can purchase new altcoins through pre-orders and once all the funds have been raised the new altcoin is available to trade on the altcoin market.

The most important altcoins are listed on Coin Market Cap. The top five altcoins from the market capitalization perspecive include Ripple, Litecoin, Ethereum, Etherem Classic and NEM coin.

Each have its unique feature which gained them popularity among others. Many altcoins have a decentralized nature and does not have a leading body, while others are owned by private companies.

The idea behind altcoins is that any community can have their own digital currency. Some of the altcoins have a supporting community behind them which facilitates the marketing activity of the coins. For example the Dogecoin community is well known for it’s generiousity and have supported several good causes in the past with charity events.

Dash even works as a corporation with decision making board and a development team concentrating on updates and new features. Strong social and media activity also helps growing the values of altcoins.

What is Altcoin / Bitcoin trading?

Altcoins can be traded on the market just like bitcoin with the help of cryptocurrency trading platforms. Trading between altcoins and bitcoin is as popular as trading with altcoins against fiat currencies such as USD, EUR, RUB or CNY. The market is continually growing, the popularity of ETH altcoins trades have been increasing recently.

Altcoin trading works similar to the forex trading, so general background knowledge of the forex markets can be beneficial for new traders. You can trade the major altcoins without the need of picking up the technical knowledge of cryptocurrencies, however it is suggested to follow the news associated with the industry to be able to act quickly on major market moves.

In order to start trading, the traders should pocess altcoins that can be transferred from the altcoin wallet to the altcoin exchange. There are some exchange on the market, where you can purchase altcoin directly on the site before starting trading. In other cases you have to own altcoins upfront.

Couple of trading site offers the option to trade with CFDs. This enables traders to benefit from the market movements of the underlying altcoins without actually owning cryptocurrencies. By purchasing a certificate which value is linked to an altcoin, all the benefits of the altcoin trading can be enjoyed, without the technical background needed to open a cryptocurrency wallet.

Altcoin trading have two different pricing models. Platform can charge each order a fixed or pro-rata fee than can be decreased by increasing the trading volumes. An other approach is the spread based model, where the platform does not charge specific fees on the orders but the bid and ask prices of each trade already includes the trading fee.

Couple of exchanges apply the maker-taker fee schedule, which gives discount to those traders who provides liquidity on the market and charge fees to those who are taking the orders from the order book.

Just like during forex trading platform, altcoin trading sites also offers trading on margin. Trading on margin means borrowing money in order to increase the exposure to a certain market to benefit more on the price changes.

Margin trading can be very risky, so it is only suggested to advanced traders. The amount of leverage can be widely different among the sites, the most common leverage used by altcoin trading platform is 2-3x, but at couple of places the leverage can be increased up to 100x. Tutorials on margin trading can be found on BitcoinTradingSites.

VPS for automated Trading?

In the field of cryptocurrency trading it’s not yet common among brokers to offer trading VPS for professionals who want to run automated trading programs permanently. With many Forex brokers traders can use a virtual private server for cheap or at low extra cost to let their MetaTrader or other applications run 24/7, without interruptions. If this is not offered at the trading platform of your choice you can get a separate trading VPS. Here is a list of hosting services that are often used by Forex traders.

 

Advantages of altcoin trading

Altcoin trading can earn significant money while trading from home in case the necessary research has been performed by the traders. Due to the high volatility of the altcoin markets, the trading profits can be higher compared to forex trading or even compared to bitcoin trading. This volatility can be taken as an advantage if the trader joins the market at the right time.

During trading with altcoins, the pump and dump scheme is often used on the market. This happens if a new coin on the market received significant amount of publicity and the prices are inflated artificially through misleading or exaggarated information.

When the price of the new coin reached it’s peak, the owners just dump the coins and sell off all of them to gain short term profit. It is advisable to pay careful attention to any news associated with cryptocurrencies that can affect the price of the altcoins.

Disadvantages of altcoin trading

Besides it’s obvious benefits, altcoins trading has it’s own challanges as well. The extreme volatile altcoin prices can lead to significant losses if the traders does not apply an appropriate risk management system.

Markets can change rapidly, it is very common to see 20-30% differences in the altcoin prices intra-day.

Some trading platform does not allow fiat currency withdrawals, so the profits from altcoin trading must be first converted to bitcoin on an exchange and then it can be transferred to another exchange to withdraw the amount in USD. These transfers have fees that is charged from the profit earned.

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