Compare the 7 best altcoin exchanges in 2024

Altcoins make up 80% of the entire crypto market. This page compares the best altcoin exchanges and shows you how to choose the right platform.
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Updated: Jun 16, 2023
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Altcoins have become a huge part of the cryptocurrency market over the last few years. Many crypto exchanges now let you buy and sell hundreds of different coins. Our experts have picked out the best altcoin exchanges for each different type of investor and compared their best features.

Best altcoin exchanges overall for 2024

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  1. Plus500: Best for international CFD trading*
  2. eToro: Best for beginners, copy-trading & demo-account
  3. Public: Best for sharing beginner trading ideas
  4. Uphold: Best for building long term wealth
  5. Bitstamp: Best for professionals & trading with APIs
  6. OKX: Best for futures and margin trading
  7. Kraken: Best for simple, global cryptocurrency trading from your phone

What are the best altcoin exchanges?

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Our experts rank these platforms as the top altcoin exchanges in terms of value for money, safety, and the range of altcoins on offer.

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1
Min. Deposit
$ 100
Best offer
User Score
10
CFDs on BTC, ETH, LTC, NEO, XRP, IOTA, EOS, BAB, ADA, TRX, XMR
No need to open a crypto exchange account or use a special wallet
Regulated Broker - FCA, ASIC, CySEC (license number 250/14)
Start Trading
Payment Methods:
American Express, Apple Pay, Bank Transfer, Credit Card, Debit Card, Discover, Google Pay, Mastercard, PayPal, SEPA, Trustly, Visa, , skrill
Full Regulations:
ASIC, FCA, FSA, MAS, cysec-250-14-regulator, isa-regulator

CFD service. 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

2
Min. Deposit
$ 10
Best offer
User Score
9.9
Up to $240 bonus!
Build a diversified portfolio with crypto, stocks, and ETFs — all in one place.
Trade on the world's leading social trading and investing platform
Start Trading
Payment Methods:
Bank Transfer, Credit Card, Debit Card, PayPal, Wire Transfer
Full Regulations:
CySEC, FCA

Cryptocurrency is offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. Invezz.com is not an affiliate and may be compensated if you access certain products or services offered by the MSB.

3
Min. Deposit
$ 0
Best offer
User Score
9.6
Get insights from millions of investors, creators, and analysts
Build your portfolio of stocks, ETFs, and crypto–all in one place
No minimum deposit
Start Trading
Payment Methods:
Bank Wire, Check, Debit Card, Wire Transfer
Full Regulations:
Cryptocurrency execution and custody services are provided by Apex Crypto LLC (NMLS ID 1828849) through a software licensing agreement between Apex Crypto LLC and Public Crypto LLC. Crypto trading on Public platforms is served by Public Crypto LLC and offered through APEX Crypto. Please ensure that you fully understand the risks involved before trading.

Top 7 altcoin exchanges, compared and reviewed

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1. Plus500. Best for international CFD trading*

From 2%

Fees

$100

Minimum deposit

3,000

No. assets

Yes

Demo/virtual account

Pros & Cons

Can get a free demo account A great mobile platform Well regulated in multiple jurisdictions Wide variety of CFDs to trade Several good risk management tools
No support on trading information and education Website isn’t brilliantly designed to help users find answers to their questions No MetaTrader trading platform compatibility

Overview

We love Plus500 because it is one of the industry’s most transparent and reliable brokers. Its fees are clear and you’ll know exactly what you will be paying before you make a trade. Its technology driven platform gives access to over 2800 instruments, including CFDs on stocks, forex, commodities, and cryptocurrencies among several others.

Plus500 has something for all types of traders, no matter what level of experience. It’s zero commission and tight spreads make it a top choice for day traders and its trading academy is packed with educational content, perfect for beginners just starting. 

For accurate instrument availability, visit plus500.com.

The fees: There are no commission fees on any trades with Plus500 and it makes it money through the Bid/Ask spread. Spread starts from 0.01% or 0.9 pips and varies depending on the instrument. Additional fees include overnight funding which is dependant on trade size and guaranteed stop orders, which add a minimum of 10% to the spread. There is an inactivity charge of £10 per month for accounts not logged in for three months. 

*Based on a comparison of 60+ leading brokers and trading platforms.

Highlights

Visit Plus500 Plus500 Review

CFD service. 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

2. eToro. Best for beginners, copy-trading & demo-account

1%

Fees

$100

Minimum deposit

4,000

No. assets

Yes

Demo/virtual account

Pros & Cons

Great for beginners, simple to set up and get started Competitive, industry-leading commissions Popular ‘Copy Portfolios’ function lets you follow top traders Excellent customer service, with live chat support provided Over 2,000 CFDs available to trade for UK & EU users (not US, real assets only)
Comparatively high fees for withdrawals and account inactivity Does not integrate with the MetaTrader platform High spreads on some assets

Overview

We love eToro because it makes it simple to trade crypto at home or on the go. If you’ve never bought cryptocurrency before, then eToro makes it simple to buy 75+ of the leading coins, including the likes of Bitcoin, Ethereum, and Dogecoin. Every crypto trade comes with a flat 1% fee, which makes it one of the cheapest crypto brokers on the market to boot.

As well as being a broker that offers lots of investor protection, eToro offers a very social trading experience. You can easily see what’s trending on the crypto market every day, browse the latest technical analysis about every one of those tokens, and copy other people’s trade suggestions from your desktop or the eToro app.

The fees: You will be charged a 1% fee every time you buy or sell crypto. The charge is included in the market price that’s displayed on eToro. CFD trades may be charged an overnight or weekend fee if you leave the position open.

Highlights

Visit eToro eToro Review

Cryptocurrency is offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. Invezz.com is not an affiliate and may be compensated if you access certain products or services offered by the MSB.

3. Public. Best for sharing beginner trading ideas

public.com logo

...

Fees

...

Minimum deposit

...

No. assets

No

Demo/virtual account

Pros & Cons

Commission free stock and ETF investing Share and compare your portfolio on a social trading platform Trade crypto, fractional shares, and alternative investments
You can't trade on margin or use leverage No forex, options, funds, metals, or bonds

Overview

We love Public because it’s a social platform where you can share trading tips and get ideas from other people. Public offers 9,000+ financial instruments, including cryptocurrencies and stocks from around the world.

Alongside a community of other investors all sharing their ideas, Public offers real time news and information so that you can see the full picture before you invest. And the assets don’t just include your run-of-the-mill assets; you can make alternative investments in things like handbags and comic books as well.

The fees: Cryptocurrency trades are charged a 2.5% fee per transaction. 

Highlights

Visit Review
Cryptocurrency execution and custody services are provided by Apex Crypto LLC (NMLS ID 1828849) through a software licensing agreement between Apex Crypto LLC and Public Crypto LLC. Crypto trading on Public platforms is served by Public Crypto LLC and offered through APEX Crypto. Please ensure that you fully understand the risks involved before trading.

4. Uphold. Best for building long term wealth

$0.99

Fees

...

Minimum deposit

300

No. assets

Yes

Demo/virtual account

Pros & Cons

Wide range of cryptocurrencies available Zero deposit and withdrawal fees Crypto wallets to store your coins Low minimum deposits and fast account set up
Spreads can be high for some cryptocurrencies Services vary depending on region Customer support is limited

Overview

We love Uphold because it’s a regulated and transparent digital asset platform. There are 160+ cryptocurrencies available to hold and trade, along with three fiat currencies; GBP, EUR, and USD. 

Uphold’s key features include the ability to schedule transactions to avoid trying to time the market. With a focus on long term wealth building, Uphold also offers the ability to earn rewards of up to 25% on staked crypto, as well as 4% cashback paid in XRP for purchases made with the Uphold card.

The fees: Crypto spreads start from 0.9% and are usually lower than 1.3% for BTC and ETH. Other cryptocurrency spreads are higher. Average spreads on fiat currency are 0.2%. There is a $0.99 fee for transactions under $100 made with the Uphold card.

Highlights

Visit Review

Terms Apply. Cryptoassets are highly volatile. Your capital is at risk.

5. Bitstamp. Best for professionals & trading with APIs

...

Fees

...

Minimum deposit

...

No. assets

No

Demo/virtual account

Pros & Cons

Low trading fees and no spreads Supports multiple fiat currencies Regulated platform
Limited number of coins available Major fees on deposits and withdrawals Liquidity has suffered due to the limited selection of coins and most liquidity is concentrated in top names like Bitcoin and Ether

Overview

We love Bitstamp because it has a proud reputation for top performance over more than decade. Bitstamp offers trading on 75+ cryptocurrencies, including Bitcoin, Ethereum, and Litecoin, while staking is available on Ethereum and Algorand. 

Bitstamp was one of the first crypto platforms to set up shop in 2011 and has built up trust since. It’s designed with institutional traders in mind, so it prides itself on near 100% uptime. It stores 95% of assets in cold storage and offers a sliding scale of fees so that high volume traders get the best rates.

The fees: There are no trading fees if you trade less than $1,000 in a rolling 30-day period. Above that, fees start from 0.4% and decline the higher your trading volume is. There is a 15% charge for staking. Withdrawals are charged a flat €3 fee.

Highlights

Visit Bitstamp Bitstamp Review

6. OKX. Best for futures and margin trading

...

Fees

...

Minimum deposit

...

No. assets

No

Demo/virtual account

Pros & Cons

Stake ETH to freely mint FIFA WORLD CUP 2022 NFTs & big prizes 350+ cryptocurrencies & NFTs available across 650+ trading pairs Crypto spot & derivative markets available Pay using hundreds of local payment methods
Not available in the US Lack of fiat withdrawal options

Overview

We love OKX because it’s an adaptable and flexible exchange, with an app that’s available in three different versions depending on how you trade. Choose from the beginner-friendly Lite version, Web3 option for NFT traders, or the Pro version for a plethora of trading tools. 

From an app or desktop you can trade 350+ crypto coins on one of the world’s top crypto exchanges. You can fund your account easily, through a variety of simple payment methods, and a sliding scale of fees that means you can access discounts by holding the OKB token or trading high volumes.

The fees: Regular users pay a 0.1% fee on spot crypto trades. OKB crypto holders are entitled to a discount, up to 0.02% off for holding more than 2,000 coins. High volume traders are also entitled to a discount, with the cheapest fees available for traders with a 30 day trading volume above $10,000,000,000.

Highlights

Visit OKX OKX Review
Trading in digital assets is considered high risk. Digital assets are NOT backed by any government or central bank. The risk of loss in trading or holding digital assets can be substantial. You should carefully consider whether interacting, holding, or trading digital assets is suitable for you in light of your financial condition.

7. Kraken: Best for simple, global cryptocurrency trading from your phone

...

Fees

...

Minimum deposit

...

No. assets

No

Demo/virtual account

Pros & Cons

Cheap/ free deposits in EUR and cheap deposits for the USA Margin trading and Futures supported Transparency - it was the first exchange to carry out proof of reserves Low fees in comparison to other exchanges
Catered towards professional traders with large trading volumes Slow account verification in comparison to other brokers

Overview

We love Kraken because it’s a beginner-friendly crypto trading platform, one that’s designed to make it quick and convenient to buy and sell crypto on the go. Creating an account is free, then you’re ready to make your first step, with no time-consuming verification periods.

With 200+ crypto tokens at your fingertips, a 24/7 support system, and an extensive educational platform, Kraken is the perfect place to take your first steps into crypto. It’s perfect for international traders outside the US, and is available in 190 countries around the world.

The fees: Kraken charges a fee of between 0-0.26% on every crypto trade. There are no costs to set up an account and no flat trading fees.

Highlights

Visit Kraken Kraken Review

Which altcoin exchange has the most coins?

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Coinbase has the largest selection of altcoins to choose from. It’s a little more expensive than other altcoin platforms, though, so you have to decide what’s most important to you. Compare what’s on offer from these top altcoin exchanges:

Altcoin exchangeNo. of coinsTrading feesStaking/earning?Mobile trading?
eToro73+1%YesiOS & Android
Binance350+0.1%YesiOS & Android
Coinbase3,000+Up to 0.6%YesiOS & Android
OKX350+0.1%YesiOS & Android
YouHodler58+NoneYesiOS & Android

What is an altcoin exchange?

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An altcoin exchange is a place where you can invest in cryptocurrencies other than Bitcoin. It’s a marketplace that lets you buy and sell crypto from other people in exchange for fiat currency (like GBP or USD) or for other cryptocurrencies.

The term ‘altcoin’ refers to any cryptocurrency that isn’t Bitcoin. There are some exchanges that only allow you to buy and sell Bitcoin but nowadays the vast majority offer at least some altcoins and the top ones can offer thousands in total. Ethereum is the largest and most popular altcoin, any exchange that offers ETH or any other coin qualifies as an altcoin exchange.

How does an altcoin exchange work?

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It works by matching buyers with sell orders in order to facilitate trades. Whenever someone submits a bid to buy an altcoin, it looks for a seller willing to accept a bid at that price. When it does, the transaction goes through. If there is no seller at that price then the bid remains ‘open’ until someone takes the offer.

What types of altcoin exchange are there?

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There are two main types of crypto exchange: centralised and decentralised. A centralised exchange is generally the best option for a beginner, but you might want to consider a decentralised altcoin exchange (DEX) if you have a bit more experience.

Centralised altcoin exchanges

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These operate like a stock exchange, where the company in the middle decides what can trade and when, and executes the trades for you.

Each altcoin’s price is set according to demand but there tends to be high liquidity, so it’s easier to buy and sell crypto coins. Well known platforms like Binance and Coinbase are centralised and they are designed for beginners.

Decentralised altcoin exchanges

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With a decentralised exchange there is no central authority. You trade altcoins directly with other users. They are also non-custodial, which means you remain in control of your digital assets at all times, rather than storing money on the platform.

This often means you get a better price – there’s no middleman taking a cut – but there are fewer protections, prices can be more volatile, and the interface can be more complicated to use. Uniswap and Mdex are two examples of a DEX.

What are the fees for altcoin exchanges?

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The trading fees range from a commission of 0.1% to as high as 1% or 1.5% on every trade. There is no fee to create an account unless you use a premium service like Coinbase Pro. You may have to pay for deposits and (more commonly) withdrawals.

How should I choose an altcoin exchange platform?

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The most important thing to consider is which coins you can trade on the platform. You may have an idea of the altcoins you’re interested in, or you might want the widest selection to choose from. Below are some other factors that influenced how we ranked these exchanges.

  • Trading fees. Altcoin exchanges tend to have low trading fees but how they charge users can vary. The most you should expect to pay is a 0.5% commission on each trade, but many platforms are lower and the average is between 0.2% and 0.3%. 
  • Fee discounts. Platforms that boast their own cryptocurrency often offer lower fees to those who hold it. A good example of this is BNB (Binance coin) on the Binance exchange. Similarly, there are often trading discounts for high volume traders, although you might need to trade more than $100,000 worth in order to access them.
  • Range of coins available. Some altcoin exchanges offer a limited number of coins, while others offer thousands. If your priority is access to the leading altcoins, then a smaller selection is fine. If you want to look at more ‘lottery tickets’, then prioritise a broad range.
  • Payment methods. You can normally pay with a bank transfer or credit/debit card on an altcoin exchange, but alternative payment methods can be more hit and miss. If you want to use a method like PayPal then it’s important to check that it’s available before you sign up.
  • Security. You want to be able to trust any financial platform that handles your money. Look for regulatory approval from financial bodies and check the customer reviews to see how other people experienced the service.
  • Fiat deposits and withdrawals. Some altcoin exchanges require you to own cryptocurrency in order to sign up. This is normally the case for decentralised exchanges like Uniswap where you have to connect your crypto wallet in order to make any trades.
  • Additional features. Many altcoin exchanges offer advanced charting analysis tools to help you make the right buy and sell decisions. Others offer other ways to make money from your crypto, such as staking. If those are important to you then the platform your choose can make a big difference to the bottom line.

Should I use an altcoin exchange?

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It’s the best way to buy and sell most cryptocurrencies. Altcoin exchanges offer you the best prices and much lower trading fees than standard brokers, and many crypto exchanges now offer thousands of different coins and tokens.

Altcoin investing can be risky but exchanges provide the most flexibility to swap between them as well as alternative ways to make money beyond straight buying and selling. Nowadays you can trade options and futures on leading altcoins like Ethereum, or stake different DeFi coins in order to earn some extra interest.

Lots of exchanges have made a big effort to appeal to beginners over the last couple of years. There’s often plenty of extra learning material or a slimmed down interface to make it more accessible. You aren’t restricted to one exchange either; many people create accounts with multiple platforms in order to shop around for the best price.

Pros and cons of altcoin exchanges

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To help you decide if an altcoin exchange is for you we’ve pulled together a list of the pros and cons in the table below. 

Pros

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  • Can buy or sell any cryptocurrency, even those with very small market cap
  • Minimum deposits can be as small as $1
  • Most altcoin exchanges have a mobile app for convenience
  • Many platforms offer leveraged or margin trading on altcoins
  • Some exchanges offer a demo account that you can use to practice

Cons

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FAQs

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Is Binance or Coinbase a better exchange?
What are the top 3 crypto exchanges?


Sources & references
Risk disclaimer
James Knight
Editor of Education
James is the Editor of Education for Invezz, where he covers topics from across the financial world, from the stock market, to cryptocurrency, to macroeconomic markets.... read more.