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.

Important: All of the trading platforms on this page are CRYPTO ONLY and do not support FIAT currencies. That is also called Shitcoin Trading. If you want to exchange US Dollar, Euro or other FIAT to Bitcoin and other crypto currencies, use this page to compare the best exchanges.

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Compare your Top 3 Bitcoin Exchanges
Choose Provider 1:
Choose Provider 2:
Choose Provider 3:
Provider
Pro and Contra
Has been hacked?
Fees
Security
Trading
100x Leverage, No KYC
92 92
Pro
  • 2FA ensures security
  • 100x leverage available in 5 cryptocurrency
  • no KYC required
Contra
  • no fiat deposits available
  • no trading API, mobile app or PC program to do trading outside of the site
  • not widely known yet
Has been hacked? No Fees
Deposit Fees:
Free
Withdrawal Fees:
Free
Trading Fees:
0.01%-0.05%
Security Good Trading
Futures? No
Derivatives? No
Margin Trading? up to 100x
Visit Website
High Leverage!
90 90
Pro
  • Available futures and derivates trading
  • High leverage
  • Many advanced features
  • Good liquidity
Contra
  • Not for beginners
  • High Withdrawal Fees
Has been hacked? No Fees
Deposit Fees:
No
Withdrawal Fees:
No
Trading Fees:
-0.05%-0.25%
Security Excellent Trading
Futures? Yes
Derivatives? Yes
Margin Trading? up to 100x
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Many Altcoins
80 80
Pro
  • Very low Fees
  • A myriad of coins to exchange with
  • No lags experienced with website
Contra
  • Does not accept bank payment methods
  • Customer support lacks phone
  • US customers are restricted
Has been hacked? Yes (on 7. May 19) Fees
Deposit Fees:
None
Withdrawal Fees:
None
Trading Fees:
0.10%
Security Ok Trading
Futures? None
Derivatives? No
Margin Trading? No
Visit Website
80 80
Pro
  • Massive amount of small cap altcoins offered
  • Anonymous trading
  • Exchange platform is decent
Contra
  • Unregulated
  • No background information about the company
  • Fiat currency is not supported
Has been hacked? No Fees
Deposit Fees:
Free
Withdrawal Fees:
BTC 0.0015
Trading Fees:
0.15%
Security Trading
Futures? No
Derivatives? No
Margin Trading? No
Visit Website
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
Visit Website
72 72
Pro
  • high amount of leverage up 100x in bitcoin
  • easy to understand trading interface
  • low fees
Contra
  • new company, with no established online presence
  • no fiat trading option
  • no advanced order types
Has been hacked? No Fees
Deposit Fees:
No
Withdrawal Fees:
0.001 BTC
Trading Fees:
0.075%
Security Average Trading
Futures? No
Derivatives? Yes
Margin Trading? up to 100x
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Trade with FIAT
82 82
Pro
  • Professionally made website
  • Educational Materials (videos)
  • Easy verification process
  • Copy trading
Contra
  • Does not accept Bitcoin deposits/withdrawals
  • 66% of retail CFD accounts lose money
  • Limited cryptocurrency listings
  • No live chat
Has been hacked? No Fees
Deposit Fees:
None
Withdrawal Fees:
Yes
Trading Fees:
0.75%
Security Good Trading
Futures? Yes
Derivatives? No
Margin Trading? up to 30x
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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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Great for EU & UK
94 94
Pro
  • Supports EUR and GBP!
  • Very low Fees
  • A myriad of coins to exchange with
  • No lags experienced with website
Contra
  • Customer support lacks phone
  • Website is not for beginners
Has been hacked? No Fees
Deposit Fees:
None
Withdrawal Fees:
Trading Fees:
0.05%
Security Excellent Trading
Futures? None
Derivatives? No
Margin Trading? No
Visit Website
80 80
Pro
  • Fast account creation
  • Insurance
  • Bitcoin trading platform
Contra
  • Only accepts Bitcoin
  • Not user-friendly
  • Website design is confusing
Has been hacked? No Fees
Deposit Fees:
Free
Withdrawal Fees:
Starting from 0.0002
Trading Fees:
Starting at 0.5%
Security Excellent Trading
Futures? Yes
Derivatives? Yes
Margin Trading? up to 100x
Visit Website
80 80
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
Visit Website
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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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
Visit Website
62 62
Pro
  • Low trading and withdrawal fees
  • Exchange platform is easy to understand
  • Vast range of coins
  • Easy account creation
Contra
  • Unregulated
  • No Fiat transactions
  • Does not accept bank/credit card deposits
  • Margin trading not accepted
Has been hacked? No Fees
Deposit Fees:
Free
Withdrawal Fees:
BTC 0.0005
Trading Fees:
0.1%
Security Excellent Trading
Futures? No
Derivatives? No
Margin Trading? No
Visit Website
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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Many Altcoins
72 72
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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Good Volume
70 70
Pro
  • Demo Mode
  • High trading volume
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 Excellent Trading
Futures? No
Derivatives? No
Margin Trading? up to 3x
Visit Website
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
Visit Website
High Volume
76 76
Pro
  • High USD liquidity
  • Low fees
  • Full package of order types, margin trading and lending market
  • Hack has been solved professionally and innovative
Contra
  • Not a transparent company
  • Reputation loss due to hack
  • Unclear situation with USDT (Tether)
Has been hacked? Yes Fees
Deposit Fees:
No
Withdrawal Fees:
No, except wire transfers
Trading Fees:
0.10%-0.20%
Security Ok Trading
Futures? No
Derivatives? No
Margin Trading? up to 3.33x
Visit Website
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
Visit Website
OFFLINE
Pro
  • No identity verification required
  • No trading fees (!)
  • Excellent user experience
  • Great support
Contra
  • High withdrawal fees
  • High leverage interest fees
Has been hacked? No Fees
Deposit Fees:
No
Withdrawal Fees:
No
Trading Fees:
No
Security Excellent Trading
Futures? Yes
Derivatives? Yes
Margin Trading? Yes
Visit Website
Many Low Cap Alts
Pro
  • Arbitrage Opportunity
  • Get easily verified
  • 400+ tradable crypto currencies
Contra
  • Amateurish Security
  • Confusing Website (at first)
  • Mineshaft not working (under maintenance)
  • Does not support FIAT-BTC trade
Has been hacked? Yes Fees
Deposit Fees:
No
Withdrawal Fees:
Yes
Trading Fees:
0.20%
Security Bad Trading
Futures? No
Derivatives? No
Margin Trading? No
Visit Website
OFFLINE
Pro
  • World market trade using Bitcoin
  • Copy trades
  • No minimum deposit required
  • No trading limit
Contra
  • Accepts Bitcoin only
  • Unregulated
  • Lacks customer service channels
Has been hacked? No Fees
Deposit Fees:
No
Withdrawal Fees:
Yes
Trading Fees:
No
Security Excellent Trading
Futures? No
Derivatives? No
Margin Trading? Yes
Visit Website
Pro
  • No verification needed
  • Interest tab
  • Multiple trading marking to choose from (BTC, ETH and USDT)
Contra
  • No founder/address information
  • High trading fees
  • No Margin trading (yet)
Has been hacked? No Fees
Deposit Fees:
No
Withdrawal Fees:
No
Trading Fees:
0.1% - 0.25%
Security Good Trading
Futures? No
Derivatives? No
Margin Trading? Coming
Visit Website
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, like Bitmex. 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.

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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