Are you an altcoin enthusiast looking for the best altcoin trading platform to trade your favorite cryptos? Whether you’re aiming for quick, short-term gains or planning a long-term investment strategy, finding the right altcoin exchange can make all the difference.
With so many options out there, each offering unique tools, competitive fees, and varying levels of accessibility, choosing the perfect platform can be a challenge. Especially if you’re in the USA and want to avoid the hassle of using a VPN or dealing with extensive KYC processes. But don’t worry, we’ve got you covered!
In this blog post, we’re diving into the top 5 altcoin exchanges and trading platforms that cater to your needs, offering the best of both worlds: top-notch tools and low fees, all while being accessible from anywhere in the world. Get ready to discover your next favorite trading platform!
List of our top picks
Our summary of the most reputable altcoin trading platforms can be seen below:
- BYDFi: 400+ altcoins available, USA accepted without VPN, no KYC, 200x leverage with perpetual contracts, Tradingview charts, mobile app for advanced traders, fiat deposits, and high security infrastructure.
- Phemex: 350+ coins listed, No KYC, 100x leverage, highly rated mobile app for active traders, great customer reviews, and advanced trading tools.
- MEXC: 500+ coins available on the exchanges with both spot and futures contracts, 200x leverage, lowest maker fees, and fiat-to-crypto deposits.
- BTCC: 300+ coins listed with high leverage (225x) for perpetual swaps, offers copy and demo trading for experienced traders, good trading academy, and mobile app.
- Gate.io: 900+ coins available to trade with derivatives, options, copy trading, bots, offers other crypto products such as loans, and OTC services.
Best altcoin exchanges reviewed
1. BYDFi – Best overall
BYDFi ranks number one in our list of the best altcoin trading platforms and it’s getting a lot of attention in the crypto community.
Whether you’re just starting out and eager to learn or you’re a seasoned pro looking for advanced tools, BYDFi has everything you need. What’s really neat about it? BYDFi offers some of the lowest fees and best tools around, and it accepts traders from the USA without needing a VPN or any KYC verification.
Curious? Keep reading to find out why BYDFi is considered the best choice and why it’s a top pick for crypto fans everywhere.
Features
BYDFi is known for its advanced trading interface, which uses TradingView charts. These charts come with tons of technical indicators and drawing tools, perfect for serious market analysis. It also supports derivatives trading with up to 200x leverage, ideal for those wanting to maximize returns.
Other great features include fiat onramps, allowing you to buy crypto with a credit card, 24/7 customer support, and super-fast registration. Plus, it’s highly secure with multi-signature cold storage and three different regulatory compliances, making it a trustworthy choice for traders.
Number of altcoins
With over 400 cryptocurrencies listed, BYDFi offers a massive selection for traders. This includes popular coins like Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC), as well as lesser-known tokens like RLC, REQ, MTRG, ORC, OPUL, KAR, KAS, and LEO. This wide variety lets traders diversify their portfolios and explore different trading opportunities.
Pros
- User-Friendly Interface: The platform is designed to be easy to use, perfect for both beginners and experienced traders.
- Low Fees: It has a super low taker trading fee of just 0.02% for contract trading.
- Advanced Trading Tools: Offers detailed charting tools and technical indicators for serious market analysis.
- High Security: Uses multi-signature cold storage and complies with multiple regulations to keep user funds safe.
- Global Access: Accepts traders from the USA without needing a VPN or KYC, making it easy to access for everyone.
Cons
- Learning Curve: The advanced features might be a bit overwhelming for newbies.
- No native token: BYDFi currently does not have a native token that users can use for different advantages.
2. Phemex – Best for mobile
Are you searching for the ultimate altcoin trading app? Look no further because Phemex is here to impress! This review will dive into why Phemex is considered the best altcoin trading app. It’s a top choice for traders who want to avoid the hassle of KYC.
So, if you’re eager to learn about a platform that offers advanced trading tools, low fees, and accepts users from all countries, including the USA, you’re in the right place!
Phemex is more than just a trading platform; it’s a powerhouse for both novice and professional traders. With no need for KYC, you can start trading right away. Ready to explore why Phemex stands out? Let’s jump into the features, number of altcoins, pros, and cons of this amazing exchange.
Features
Phemex offers a range of impressive features that make it a standout choice for altcoin traders. One of its main attractions is the advanced trading tools available, including futures contracts and perpetual contracts, with the option to use high leverage.
The platform is designed with a user-friendly interface, making it easy to navigate for both beginners and experienced traders. Another key feature is the copy trading and trading contests, which allow users to earn extra rewards by mimicking the trades of top performers and participating in various competitions.
In addition to trading, Phemex provides a flexible earn platform, enabling users to earn passive income through various savings options that offer high annual percentage yields (APYs).
The platform’s high-performance trading engine is capable of handling up to 300,000 transactions per second, ensuring quick and efficient trade executions. These features collectively enhance the trading experience on Phemex, making it a reliable and efficient platform for cryptocurrency enthusiasts.
Number of altcoins
Phemex supports a whopping 250+ cryptocurrencies. From big names like Bitcoin and Ethereum to smaller, up-and-coming altcoins, Phemex has a diverse selection to satisfy every trader’s needs. Whether you’re looking to trade major cryptocurrencies or explore new projects, Phemex has you covered.
Pros
- No KYC Required: Start trading without the hassle of identity verification.
- Low Fees: Enjoy competitive trading fees, with maker/taker fees as low as 0.002%/0.03%.
- Great Customer Support: Fast and reliable support available via live chat and email.
- Educational Resources: Access to the Phemex Academy for learning about crypto and trading strategies.
- High Security: Robust security protocols, including cold storage and SSL technology, ensure your funds are safe.
Cons
- Restricted Countries: A significant list of restricted countries might limit access for some users.
- Withdrawals: Crypto withdrawals are processed three times a day, which might be slower compared to other platforms.
3. MEXC – Best maker fees
Are you an altcoin trader looking for a new crypto exchange with stop loss and other top-notch tools and the best fees? Look no further than MEXC Global! MEXC is quickly making a name for itself in the crypto world.
With 0% maker fees and no KYC requirements, it’s the cheapest exchange for trading altcoins. Even better, it accepts US traders using a VPN. Sounds interesting? Let’s dive into what makes MEXC stand out!
Features
MEXC Global is packed with features that make it a versatile trading platform. It supports both spot and futures trading, allowing users to trade immediately or enter contracts to trade assets at future dates.
The platform also includes a futures demo trading tool, which is great for beginners to practice without risking real money. Another cool feature is copy-trading, where users can mimic the trades of more experienced traders. Additionally, MEXC offers leveraged ETF listings, which can magnify profits or losses depending on market movements.
Number of altcoins
One of the biggest draws of MEXC is the vast number of altcoins it supports with over 2300 coins currently listed. This exchange often lists newer, less established coins that aren’t available on other platforms.
This gives traders the chance to invest in emerging projects early on. With a broad selection of cryptocurrencies, MEXC is a go-to platform for those looking to diversify their portfolios. Their crypto sign up bonuses are also very lucrative for new traders to take advantage of for extra cash.
Pros
- Spot and Futures Trading: Flexibility to trade immediately or in the future.
- Futures Demo Trading: Risk-free practice for beginners.
- Copy-Trading Tools: Learn from the best by copying their trades.
- Leveraged ETF Listings: Potential for higher returns.
- Low Fees: 0% maker fees make trading more affordable.
- Global Availability: Accessible from over 170 countries, including the USA with a VPN.
Cons
- Limited Fiat Withdrawals: Difficult to convert crypto back to fiat currency.
- No NFT Support: Not suitable for NFT traders.
4. BTCC – Highest leverage
Are you ready to explore one of the oldest and most reliable cryptocurrency exchanges? Say hello to BTCC! This exchange has been around since 2011 and is renowned for its security, liquidity, and range of services.
But what makes BTCC truly stand out? It offers an incredible leverage of up to 225x, making it a hotspot for short selling crypto, high-risk, high-reward traders. Even better, it’s accessible to US traders without needing a VPN or KYC verification. Intrigued? Let’s dive into what BTCC has to offer in detail.
Features
BTCC is a pioneer in the crypto exchange world, originally established in Shanghai and now headquartered in the UK. It specializes in futures trading, offering both USDT-margined and coin-margined futures on over 300 trending coins.
In 2022, BTCC expanded its offerings to include commodity and stock tokenized futures, allowing users to diversify their portfolios with ease. The platform also has a user-friendly trading interface that displays the order book, price charts, and order history, ensuring you have all the information you need at your fingertips.
Number of altcoins
BTCC supports an impressive range of over 300 altcoins, including popular ones like BTC, ETH, DOGE, XRP, and SOL. This extensive list ensures that traders can find and trade the altcoins they are most interested in.
Pros
- High Leverage: BTCC offers up to 225x leverage, which is one of the highest in the industry.
- US-Friendly: The exchange accepts US traders without requiring a VPN or KYC.
- Low Fees: Trading fees are a flat 0.06% for both takers and makers, significantly below the industry average.
- Demo Trading: Users can practice with a non-expiring demo account loaded with 100,000 USDT in virtual funds.
- Versatile Futures: Offers both crypto and tokenized futures, providing more trading options.
Cons
- High Withdrawal Fees: Bitcoin withdrawals are priced at 0.0004 BTC, which might be higher than some competitors.
5. Gate.io – Great all-round
Are you an altcoin trader looking for a top-notch exchange to maximize your trading potential? Look no further than Gate.io! This exchange is packed with advanced tools, competitive fees, and a staggering variety of trading products.
With over 1,700 trading pairs, Gate.io stands out as the fastest crypto exchange with the most trading pairs on the market. Whether you’re a seasoned trader or just starting out, Gate.io has something to offer you.
In this review, we’ll dive into the key features, the impressive number of altcoins available, and the pros and cons of using Gate.io. Let’s get started and see why this exchange might be the perfect fit for your trading needs!
Features
Gate.io is known for its advanced trading tools and innovative features that cater to traders of all experience levels. Here are some standout features:
- Trading Bots: Customize and backtest strategies to automate your trades.
- Copy Trading: Perfect for beginners, you can copy the trades of experienced traders.
- Margin Trading: Offers up to 100x leverage for those looking to maximize their gains.
- HODL & Earn Program: Provides passive earning opportunities with up to 150% APR.
- Launchpad for IEOs and ICOs: Over 700 projects launched, making it a great platform for discovering new tokens.
Number of altcoins
Gate.io supports a massive selection of over 1,700 cryptocurrencies. This includes mainstream options like Bitcoin and Ethereum as well as niche altcoins that you won’t find on other exchanges. This extensive variety makes Gate.io a go-to platform for traders looking to diversify their portfolios and find hidden gems in the altcoin market.
Pros
- Huge Selection: With over 1,700 cryptos, you have endless options for trading.
- Advanced Tools: From trading bots to margin trading, Gate.io offers tools to enhance your trading experience.
- Competitive Fees: With a maximum of 0.1% for spot trading, the fees are very reasonable.
- Security: Strong security measures, including cold storage and external audits, keep your funds safe.
Cons
- Complex Platform: Beginners might find the platform a bit overwhelming due to its many features.
- Customer Support: Limited options for customer support can lead to longer response times.
- Regulatory Challenges: The platform is unavailable in certain jurisdictions due to regulatory issues.
How we selected these altcoin platforms
Choosing the best altcoin trading platforms isn’t just about picking the most popular names; it’s about finding the ones that offer the best tools, security, and user experience. To make our selection, we dug deep into each platform, examining key aspects that matter most to traders.
First, we looked at the number of cryptocurrencies each platform supports. The more altcoins available, the better your chances of finding hidden gems or diversifying your portfolio. Platforms like Gate.io, with over 1,700 altcoins, stood out because they offer a wide range of options, including niche tokens.
Next, we considered trading features and tools. Advanced tools like trading bots, margin trading, and copy trading are essential for both seasoned traders and beginners. These tools can help automate trades, amplify gains, and provide learning opportunities. We made sure the platforms we chose offer these features to enhance the trading experience.
Security was another crucial factor. We examined each platform’s security measures, like two-factor authentication, cold storage for funds, and regular audits. Strong security ensures that your investments are safe from hacks and other threats.
We also looked at fees and pricing. Trading fees can eat into your profits, so we favored platforms with competitive fee structures. Platforms that offer discounts based on trading volume or holding the platform’s native token scored higher in our review.
Finally, we considered user experience and customer support. A platform might have great features, but if it’s hard to use or has poor customer support, it’s not worth your time. We tested the user interfaces, reviewed customer feedback, and checked the availability of support channels.
By evaluating these factors, we identified the top altcoin trading platforms that cater to various trading needs, offering a blend of security, tools, and user-friendly experiences.
Altcoin exchange comparison
| Platform | Advanced Trading Tools | Number of Altcoins | Fees | Security | User Experience | Customer Support | Accessibility (USA, No VPN, No KYC) |
| BYDFi | Yes (TradingView charts, derivatives trading) | 400+ | Low (0.02% taker fee) | High (multi-signature cold storage, regulatory compliance) | User-friendly | 24/7 customer support | Yes |
| Phemex | Yes (futures, perpetual contracts, copy trading) | 250+ | Low (0.002%/0.03% maker/taker fees) | High (cold storage, SSL technology) | User-friendly | Live chat, email | Yes |
| MEXC | Yes (spot, futures, copy trading, leveraged ETF) | 2300+ | Low (0% maker fees) | High (comprehensive security measures) | User-friendly | Limited support | Yes (with VPN) |
| BTCC | Yes (futures, tokenized futures) | 300+ | Low (0.06% maker/taker fees) | High (robust security protocols) | User-friendly | Limited support | Yes |
| Gate.io | Yes (trading bots, margin trading, copy trading) | 1700+ | Competitive (0.1% spot trading fee) | High (cold storage, external audits) | Complex for beginners | Limited support | Limited availability |
What to consider when choosing exchange
Choosing the right crypto exchange can make or break your trading experience. Here are some crucial factors to consider to ensure you pick a platform that suits your needs.
- Security
Security should be your top priority. Look for exchanges that offer robust security measures like two-factor authentication, cold storage for funds, and regular security audits. Platforms with a good track record and no history of major security breaches are preferable.
- Fees
Trading fees can significantly impact your profits, especially if you trade frequently. Compare the fee structures of different exchanges. Some platforms offer tiered fee systems based on your trading volume or discounts for using their native token. Make sure you understand both trading and withdrawal fees.
- Number of Cryptocurrencies
If you’re an altcoin trader, you’ll want access to a wide variety of coins. Platforms like Gate.io that support a large number of cryptocurrencies give you more options for trading and investing. This variety can help you diversify your portfolio and take advantage of emerging opportunities.
- Trading Features
Advanced trading features can enhance your trading strategy. Look for exchanges that offer tools like trading bots, margin trading, and futures trading. These tools can help you automate trades, leverage your positions, and backtest strategies to maximize profits.
- User Experience
A user-friendly interface can make trading much easier, especially for beginners. Look for platforms with intuitive navigation, clear charts, and helpful tutorials. The better the user experience, the easier it will be to execute trades and manage your portfolio.
- Customer Support
Good customer support is essential, especially if you encounter issues or have questions. Check if the exchange offers multiple support channels like live chat, email, and a comprehensive help center. Quick and effective customer service can save you a lot of headaches.
- Regulatory Compliance
Ensure that the exchange complies with regulations in your country. This can protect you from legal issues and help ensure the platform operates transparently. Be aware that some exchanges may have limited availability in certain jurisdictions due to regulatory restrictions.
By considering these factors, you can choose an exchange that not only meets your trading needs but also provides a secure and user-friendly environment for your crypto activities.
Which altcoin is best for trading
Choosing the best altcoin for trading can be overwhelming, given the vast number of options available. However, certain altcoins stand out due to their market performance, potential for growth, and active development communities.
Here are some top contenders:
- Ethereum (ETH)
Ethereum is a staple in the crypto world and a favorite among traders. Known for its smart contract functionality, Ethereum hosts a multitude of decentralized applications (dApps) and projects. Its liquidity and volatility make it an excellent choice for both short-term trading and long-term investment. With the continuous development of Ethereum 2.0, which aims to improve scalability and security, ETH remains a strong contender.
- Solana (SOL)
Solana has gained a lot of attention for its high-speed transactions and low fees. It’s often dubbed the “Ethereum killer” because it addresses many of Ethereum’s scalability issues. Solana’s ecosystem is growing rapidly, with numerous projects and dApps being built on its blockchain. This makes SOL a promising altcoin for traders looking for high growth potential.
- Cardano (ADA)
Cardano is known for its rigorous academic approach and strong development team. It’s designed to be a highly secure and scalable blockchain. With the implementation of smart contracts through its Alonzo upgrade, Cardano has the potential to host a variety of dApps and attract more users. ADA’s steady growth and robust community make it a reliable altcoin for trading.
- Polkadot (DOT)
Polkadot is unique due to its ability to connect multiple blockchains, allowing them to operate together. This interoperability can enhance the overall functionality of the blockchain ecosystem. DOT is used for governance and staking within the Polkadot network. Its innovative technology and growing adoption make it an exciting option for traders.
- Chainlink (LINK)
Chainlink is a decentralized oracle network that provides real-world data to smart contracts on the blockchain. This functionality is crucial for many dApps, making Chainlink an integral part of the blockchain infrastructure. LINK’s consistent partnerships and integrations with various projects contribute to its strong market performance.
- Binance Coin (BNB)
BNB is the native token of the Binance exchange, one of the largest crypto exchanges in the world. BNB can be used to pay for trading fees on Binance at a discounted rate, making it a practical choice for frequent traders. Binance’s extensive ecosystem, which includes the Binance Smart Chain, adds to BNB’s utility and appeal.
When selecting an altcoin for trading, consider factors like market trends, technological advancements, and community support. Each of these altcoins offers unique benefits and opportunities, making them top picks for traders looking to diversify their portfolios and maximize their trading potential.
Final words
Our comprehensive review of the top 5 altcoin exchanges—BYDFi, Phemex, MEXC, BTCC, and Gate.io—highlights platforms that excel in providing advanced trading tools, a wide range of cryptocurrencies, and user-friendly experiences. Each of these platforms offers unique features tailored to both novice and experienced traders, ensuring that there’s something for everyone.
From BYDFi’s user-friendly interface and low fees to Phemex’s mobile-friendly design and robust security measures, these exchanges stand out for their ability to cater to diverse trading needs. MEXC’s extensive selection of altcoins and zero maker fees make it an attractive option for those looking to diversify their portfolio, while BTCC’s high leverage offerings appeal to high-risk, high-reward traders.
Lastly, Gate.io’s comprehensive suite of advanced trading tools and massive selection of over 1,700 altcoins make it a versatile choice for any trader.
Whether you’re seeking quick short-term gains or planning long-term investments, these platforms provide the tools and opportunities to enhance your trading strategy.
