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7 Best altcoin trading platforms to trade cryptocurrencies

7 Best altcoin trading platforms to trade cryptocurrencies

Altcoin trading is a whole new branch of trading and has been attracting as many traders and investors as gold, penny stocks or real estate, if not more. Well, the numbers certainly are. Of late, top cryptocurrency (especially Bitcoin) and other major cryptocurrencies price has been rising to the moon. Cryptocurrency as an investment option seems to be rising exponentially.

Over a period of a LAST 6 months, Bitcoin price has surged more than 3000%. Since Bitcoin prices are pretty high, people are now investing in various Altcoins (cryptocurrencies other than Bitcoin which works on blockchain technology) which has a potential to give huge returns to one Bitcoin?

Become Bitcoin millionaire — is it really possible?

This led to increasing market cap of altcoins. Especially major cryptocurrencies like Ethereum, Litecoin, Ripple, Bitcoin cash, Verge, Lumen, Siacoin etc. In fact, Ripple price has grown by 4000% in last 12 months surpassing Bitcoin in the overall annual growth of a cryptocurrency.

The market is currently flooded with altcoins. CoinMarketCap, one of the most currency trackers, lists more than 1,200 actively trading altcoin. Many of these sell for far less than Bitcoin, making them more accessible to investors without a significant amount of initial capital to spend.

A large number of altcoins and volatility in their price has open a whole new branch of trading called altcoin trading. It is similar to forex trading with fewer technicalities. In fact, it depends on the simple trading basic rule buy low and sells high.

Altcoin trading can be short-term or long-term trading. Short term altcoin trading is like short-selling any investment product — if done smartly, it can yield significant rewards quickly.

Read complete cryptocurrency trading guide — 15 tips to earn like a pro

Investing in top cryptocurrency besides Bitcoin can prove to be a highly profitable long-term investment. As these are new and low-valued in comparison to Bitcoin, and thus, have more chance to grow over the period of time. And let me remind you that a bitcoin’s value has grown to this price in almost 8+ years.

In order to start altcoin trading, the traders should posses altcoins whether trader buys altcoins directly via fiat money through a cryptocurrency exchange or transfer from the altcoin wallet to the altcoin trading exchange. So altcoin trading platforms or a cryptocurrency exchange matters most in Altcoin trading or Cryptocurrency trading.

While Bitcoin Trading against fiat money is available on numerous cryptocurrency exchanges, altcoin trading is a niche in which only a few trading platforms are specialized. And their features differ a lot in many manners.

So there some major criteria which altcoin trading platforms should possess to become a specialized altcoin trading platforms or can be listed in best altcoin trading platforms. These are

Reputation and Background:

This is the first thing that you must consider before selecting an exchange. The best way to know the reputation of exchange is to check user reviews on major cryptocurrency public forums like Bitcoin talk.

Ease of use –

An altcoin trading exchange should have easy to use platform or user-friendly platform. So even new traders can get accustomed to the interface.

Security –

An altcoin trading platform must have robust security. So one can trade with a peace of mind and can leave trading asset over the exchange.

Fees:

Fees is another factor which plays a major role in search of a specialized altcoin trading platform.

Altcoin trading platform or exchanges must have the minimal fees so that you can make a good profit out of it. If the fee is high, it would be difficult to book your profits in small trades.

Number of altcoins to trade –

Higher the number of legitimate altcoins to trade better will be the trading platform for traders.

Liquidity –

Liquidity means how quickly you can get your hands on your wanted currency by exchanging it for other currencies. Higher the liquidity better the altcoin trading platform for altcoin trading.

Trading tools

Trading tools are the certain features offers by an altcoin trading platform to make trading more convenient.

So trading platform became more viable and make altcoin trading more diversify for pro-traders as well as beginners.

User experience

You can check the user reviews on public platforms and Bitcoin forums then analyze your self which altcoin trading platform is more suitable for altcoin trading

Customer support

Support of a specialized altcoin trading platform should be of top notch and should be available 24*7

Countries supported

Availability of an altcoin trading platform to the number of countries also criteria to include it in list of best altcoin trading platform

According to these criteria, I have listed the best altcoin trading platforms and made compare them to get the pros and cons of different altcoin trading platforms available for altcoin trading

List of best altcoin trading platforms 2018

1. Bitfinex –

Reputation and trading volume

Bitfinex is one of the best altcoin trading platforms was officially opened in 2012 by Bitfinex Limited, a company based in Hong Kong and is in operation since 2014.

It is one of the biggest cryptocurrency exchange in terms of trading volume.

In last six months, the total trading volume of Bitfinex 9.03 M which is more than twice of it’s closest competitors Coinbase 4.03M.

source Coinality.org

Number of altcoins supported for trade

It allows you to trade 13 altcoins including BTC

Fees

They charge a commission fee of 0.1% to 0.2% depending upon the trading amount. There is no fee on deposits but you have to pay a minimum 20$ fee on wire transfer (fees can vary depending trading amount) otherwise there are no withdrawal fees.

Liquidity

Bitfinex uses a maker-taker fee model in which maker who adds liquidity to the exchange ecology, and a taker is the one who removes it. Trading fees start at 0.1 percent for the maker and 0.2 for the taker. This altcoin trading platform offers high liquidity means trades are fast and instant.

Payment method

Bitfinex allows you to buy altcoins directly with fiat money (only USD). It also offers other payment options.

They also accept TetherUSD and the following digital currencies like Bitcoin, Ether, EtherClassic, ZCash, Monero, Litecoin.

Ease of use

Bitfinex user interface is very friendly even to beginners. The platform offers quick options to buy or sell digital currencies as well as to place orders. This altcoin trading platform is mobile-friendly and responsive.

Trading tools

Bitfinex (altcoin trading platform) provides the advanced trading tools such as limit orders, stop orders, trailing stop, fill or kill, TWAP, and others, along with different market charts to pro-traders.

It also offers high Ethereum and Bitcoin liquidity but its margin funding, leverage, and multiple order types offer a lot of flexibility to beginners as well as to pro -traders.

Read complete cryptocurrency trading guide — 15 tips to earn like a pro

Security

It offers two-factor authentication to keep your account secure and user have to get the account verified before an individual can start altcoin trading.

You need to provide the email address, personal information including mobile no and have to upload related documents to get your individual account verified.

Keep your altcoin secure in 3 best hardware wallets

Customer support

Support is available 24/7 but only via email. User queries are answered within 12 hours, but during heavy trading times, it can take longer.

There’s an official forum where users can ask for help and a limited FAQ page that does cover some information related trading platform but not all information. So support is not up to the mark

Countries supported

The Bitfinex trading platform supports most countries worldwide excluding the U.S.A.

Pros

  • High trading volume
  • High liquidity
  • margin trading and leverage available
  • User-friendly interface
  • reasonable fees
  • Unlimited withdrawal

Cons

  • Got hacked in 2016 (but recover well).
  • No fiat currency except USD
  • Not available for the USA residents
  • In late 2017 had payment and registration issues (getting normal)

Start trading on Bitfinex cryptocurrency exchange click here

2. Binance altcoin trading platform

Reputation and background

Binance is a specialized altcoin trading platform. Its ICO was announced in June 2017. Though it is based out of China, it doesn’t serve its native country but is open to almost all countries around the world. It’s become a first-mover exchange for listing new altcoins earlier than just about anyone else in the industry.

It has built an outstanding reputation in such short period of time. Binance altcoin trading platform is managed by professionals of high intellect which have vast experience in the crypto industry and worked with many cryptocurrency exchanges.

The team was composed by Changpeng Zhao (CEO), Roger Wang (CTO), James Hofbauer(Chief Architect), Paul Jankunas (VP of Engineering), Allan Yan (Product Director) and Sunny Li (Operations Director).

Although exchange was launched in Shanghai China later was moved to the more friendlier nation like Hongkong. The servers, on the other hand, are hosted in the Republic of Korea and, Japan.

The platform used to be available worldwide, but they decided to restrict access from Chinese IPs after their government banned ICOs.

Trading volume

Binance trading volume has skyrocketed since its launch and it is already in top 5 altcoin trading platforms according to trading volume.

Binance says that they are capable of processing 1,400,000 orders per second.

The numbers are impressive and speak for itself if you put into consideration the number of traders visits their platform on daily basis.

Altcoins to trade

Binance offers more than 160 altcoins and it is listing new ICO tokens regularly. Traders can use the platform for multiple digital currencies, including, Bitcoin, Bitcoin Cash, Bitcoin Gold, Ethereum, Ethereum Classic, EOS, Dash, LiteCoin, NEO, GAS, Zcash, Dash, Ripple and more.

With this in mind, traders can use the platform to trade these ICO tokens for a profit as well. There are about more than 80 altcoins which are available on the altcoin trading platform to trade.

3 Top compelling reasons to buy Ripple for future

Fees

There are no deposit fees on the platform but trading and withdrawal charged a minimal fee. The trading fee is currently 0.1%, regardless of the coin, but it can be halved if paid with BNB (Binance coin, an altcoin backed by the platform itself).

Withdrawal fees depend on the currency to withdraw. A frequently updated list of withdrawal fees by coin can be found on Binance FAQ articles.

Multilingual

They are adopting multiple languages which can be said as the good strategy to increase the userbase and makes the exchange more diversify.

Payment method

Fiat deposits are not accepted, but the site accepts the deposit of Bitcoin and more than 50 other cryptocurrencies.

You can not buy altcoins on the platform. It only allows exchanging deposited altcoins with other altcoins.

Buy & sell altcoins directly using credit & debit card at cheap rate

Trading options

Binance uses two different trading method one is basic and another one is advanced. Start with depositing some funds — there are options for trading pairs in BTC, ETH, BNB, and USDT. There is more than 100 trading pair with above currency.

USDT has the least pairs, with roughly five (BTC, ETH, NEO, BNB, and BCC), while ETH and BTC have by far the most markets (roughly equal, 50+). BNB is in the middle with a couple more pairs than Thether, but considerably less than ETH and BTC.

Opening an order is direct. First, you select the type of order (only the three basic order types: limit, stop-limit, and market are supported);

Second, put a price and fill a few other parameters; and, third, click on either buy or sell to place the order.

This is just an overview. How to trade on Binance is explained in detailed review of Binance altcoin trading platform

Security

Two-factor authentication is available for basic security of exchange. The platform also offers a multi-tier and multi-tier security system architecture. In such a short span of time, it has gain user trust and high reputation.

Ease of use

If you are trading on any other altcoin trading platform then it will be easy to navigate on the platform.

It can be a little bit tricky for new traders. A little bit of time in exploring the tabs will make new traders confident and they will get used to it.

The website doesn’t lag for a second, provides a great user experience.

They also have mobile apps for both iOS and Android users, Binance Angel Program, and the Community Coin Per Month etc for mass adoption of their platform.

Customer support

In such a short span of time, they do manage to gain user trust. But because this platform is only a few months old it has its own limitation.

Registered customer can contact them through email support. They can also be followed through their Facebook, Twitter, Weibo, and Wechat accounts.

Hence they have to cover a lot of ground to make the customer support top-notch. Hopefully, they will be making an aggressive strategy to cover this aspect.

Countries supported worldwide

Though it was launched in Shangai China. Now they have shifted to Hongkong and hosted their servers to Japan and Republic of Korea. It supports almost all major nations worldwide excluding China.

Pros

  • Low fees.
  • More than 80 altcoins are available for trade.
  • Transactions and trades are fast and platform doesn’t lag for a nanosecond
  • Build a name for themselves among best altcoin trading platforms in such a short span of time and in the list of top 5 altcoin trading platforms according to trading volume.
  • Outstanding and experienced management team

Cons

  • Doesn’t support fiat currencies as payment method
  • Customer support lack phone
  • Not a beginner friendly platform

Trade altcoin on Binance cryptocurrency exchange

3. BitMex

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Reputation and popularity

Bitmex is the leading Bitcoin margin trading site and one of the best altcoin trading platforms online.

Launched by HDR Global Trading Limited in 2014, BitMEX is a trading platform operating in Hong Kong and registered in the Republic of Seychelles.

Bitmex CEO Arthur Hayes has used his experience as an equity derivatives trader for Deutsche Bank to design, build, and maintain exactly the type of platform that users are looking for altcoin trading.

It is one of the most trusted and reputed leading altcoin trading platforms with very heavy trading volume.

Trading volume

Bitmex is one of the highest trading volume platforms in the altcoin trading exchange industry. They have more than 540k user accesses monthly and a daily trading volume of over 35000 BTC.

It regularly sits comfortably in the top five on Coinmarketcap, and on average trade more than $5 billion worth trade volumes in a 24-hour period.

You can see their last 24-hour volume on 21st of January 2018. Source coinmarketcap

Altcoins to trade

BitMEX allows users to trade a number of altcoins, namely Bitcoin, Bitcoin Cash, Dash, Ethereum, Ethereum Classic, Litecoin, Monero, Ripple, Tezos, and Zcash.

Trading platform also allows users to buy and trade altcoins against fiat currency mainly USD, Japanese yen, and Chinese yuan.

7 Top altcoins to invest besides Bitcoin 2018

Fees

Bitmex has very competitive fees. There is no deposit fees and withdrawal fees

In case of Bitcoin withdrawal, minimal network fees are charged depending on the blockchain load.

Altcoin trades are charged between 0.0$ to o.25$ (varies according to trading pairs).

Bitmex doesn’t allow withdrawal of fiat currency.

Security

Bitmex has a very robust security. This altcoin trading platform is written in kdb+, a database, and toolset used frequently by major banks in high-frequency trading applications.

Offers cold storage for altcoins.

Till date, there have not been any security breaches and neither platform ever got hacked. Security is one of the top priority for the exchange.

Liquidity and leverage

Bitmex offers high liquidity and provides a leverage up to 100x

Trading options

Bitmex offers a wide variety of trading options most among all altcoin trading platforms.

Margin trading Bitmex offers of all the altcoins available on the platform.

Trade future derivatives and swaps

Limit Order this order is fulfilled if the given price is achieved

Stop Limit Order allows users to set the price of the Order once the Stop Price is triggered

Take Profit Limit Order similar to a Stop Order, to set a target price for a position.

Market Order this order is executed at current market price

Stop Market Order this is a stop order that does not enter the order book, remain unseen until the market reaches the trigger price

Take Profit Market Order this is similar to the previous type, but in this case, the order triggered will be a market order, and not a limit one

Ease of use

The interface is intuitive and easy to navigate. The website is fast and responsive, but newbies will take some time to get used to the interface. Platform operates swiftly on mobile application (android app)

Customer support

Customer support is available 24*7 and is no match for other trading platforms. E-mail support, phone support, live chat, ticket support, social media.

Supported countries

Bitmex is available in almost every country on the planet except the USA.

Pros

  • highly reputed and one of the best altcoin trading platform.
  • supports anonymity
  • advance trading options
  • trustworthy and secure
  • low fees
  • top notch customer support

Cons

  • Non-newbie friendly platform (will take time to get accustomed)
  • Can’t withdraw fiat money

Buy, sell, and trade altcoins on (Bitmex) one of the best cryptocurrency exchanges

4. Cryptopia

Reputation and Background

Cryptopia is an exchange based in Christchurch, New Zealand. It was founded in 2014 by Adam Clark and Rob Dawson. It offers a lot more than just an altcoin trading platform. Their main focus was to create something that an altcoin trader gets on a single platform just to get a view of the whole trading scene.

It is like an altcoin online shop which would have a cryptocurrency market where you can buy, sell and trade altcoins, wallet, mining pool, and in fact more than that.

The exchange is also popular for trading altcoins you don’t find on other exchanges. Recently they listed a unique and new cryptocurrency (NZDT) whose price is equivalent to NZDollar. The platform abides by the laws of New Zealand and operates worldwide with no exceptions.

Verification

There are three types of account a user can have according to their trading requirement.

Level 1 — Level 1 only takes a confirmation email and have a daily withdrawal limit of $5,000 NZD

Level 2 — For getting level 2 verified you have to fill your personal information with two photographs and have to upload a valid id with a selfie holding it. Accounts with level 2 verification would have a daily withdrawal limit of $50,000.00 NZD

Level 3 — For getting level 3 verified you should a level 2 verified account then you need to contact the Cryptopia Support and request it from them. It is for those specific traders who trade in thousands of Dollars.

Number of altcoins supported

Cryptopia supports hundreds of altcoins which you can’t find on other exchanges. It has the most number of altcoins in comparison to other altcoin trading platforms. At present they do have more than 400+ cryptocurrencies for trade. Does not support BTC — Fiat trade except NZDollar.

Fees

Trading fees are very straightforward. They charge a nominal fee 0.20% of the total Bitcoin or altcoin you are going to buy, sell and trade. There are no deposit fees and minimal network fee is charged during withdrawal.

User Interface

Cryptopia has a clean easy to use User Interface. The platform is also newbie-friendly.

Users also appreciate Cryptopia for its marketplace, where you can sell anything to anyone in the cryptocurrency world.

Security

Cryptopia has a robust security. Strong passwords are enforced. Enabling 2FA is necessary, to access the platform for six different actions.

Extra security measures are applicable, including email withdrawal confirmations and control over API access.

Trading options

Trading options are limited on Cryptopia there is no margin trading. You can only place buy/sell orders. It does take time to get used to trading platform of the exchange.

Customer support

Email support is the main support tool. You can also post your issues on their active forum on their website.

There is also a live chat widget called Troll Box where you can monitor the activity of users and their live reviews. It does make trading interesting.

Supported countries

Cryptopia is available in almost every major countries worldwide.

Pros

  • Transparent company
  • More than 400 altcoins are there to trade with
  • Robust three-tier security
  • Low Fees
  • Good customer support
  • An arbitrage tool

Cons

  • Low trading volume
  • Does not support BTC-Fiat trade except NZDollar
  • Banking services are only available for Newzealand banks.

Start trading on Cryptopia click here

5. Cex.io

Reputation and Background

It was established in the year 2013. CEX.IO was one of the oldest altcoin trading platforms to appear.It is the company based in the London and founded by Oleksandr Lutskevych.

Cex.io initially operated both as a Bitcoin exchange and cloud mining service.

At one stage its mining pool, known as Ghash.io, was one of the largest on the Bitcoin network, holding 42% of total mining power of the Bitcoin network, but this service was closed in the year 2015. Now, it works only as a Bitcoin exchange.

It is one of the highly rated altcoin trading platforms with a good reputation. But recently their reputation has been degraded and they have also banned new user signup and there are many negative reviews of late.

Trading volume

Cex.io have high daily trading volume

Verification

Verification on cex.io is very simple, and the exchange offers a detailed Verification guide.

A brand new user starts with a Basic account which requires your personal information and can deposit and withdraw $500 per day and $2000 per month

Basic account users can upgrade to Verified account by uploading the scanned copy of valid id and the scanned copy of address proof to increase the daily deposit and withdrawal limit to 10000$ per day and 100000$ per month

Verified members may contact to support to become Verified Plus or for a Corporate account. Their deposit and withdraw limit is unlimited

Altcoins supported

The cex.io trading platform supports the limited number of altcoins to trade. They are mainly popular altcoins with the large market cap. One can buy, sell and trade Bitcoin, Ethereum, Bitcoin cash, Dash, Ripple, Monero, Litecoin, Zcash, Dogecoin, Namecoin, and Neo for EUR, USD, and GBP. On top of that, a BTC/RUB market is also added recently.

Trading options

CEX.IO has a nice trading interface and offers the following orders:

  • Market order
  • Limit order
  • Stop order
  • Margin trading
  • Doesn’t support trading derivatives and future contracts

The trading on the exchange involves more than 1000,000 trades per month. The large trading volume gives users plenty of opportunities to buy, sell and trade, compared to the exchanges with a smaller volume. Altcoins and fiat currency trading pairs are offered by Cex.io exchange including GHS/BTC trading pair (GHS from their legacy mining venture)

Use can buy and sell altcoins directly with fiat currency supported by exchange (USD, Euro, and Rubble)

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Liquidity and leverage

Cex.io offers high liquidity and leverage of 1:3 which doesn’t seem to a forex trader because forex brokers provide leverage up to 1:500. But you have to take one thing into consideration that cryptocurrencies are very volatile.

Ease of use

Cex.io interface looks good, and all relevant info is always just one click away. Trading interface is easy to use, and the entire platform is very beginner-friendly. The exchange also has mobile apps for both Android and iOS.

Fees

Fees are on higher side. Trading fees are 0.1% to 0.2% depends on the trading pairs. There is also 1 to 5% money transfer fees.

Security

Cex.io has a strong security architecture. There was only one incident when platform got hacked in 2013 but at that time exchange was young. The vulnerability was immediately patched, and since then there were no problems.

Site strongly encourages activating 2FA. The majority of coins are stored in the cold wallet. The exchange also offers SMS and email alerts.

They securely store, process and transmit their customer’s credit card information is certified by the Payment Card Industry Security Standard Council (PCI SSC). The site also features an activity tracker, which monitor actions on the user account.

Customer support

Customer support for the platform is of highest standards. Customer representative answers quickly, with detailed information and issue is resolved as early as possible.

But of late December 2017, there have been negative reviews about the customer support delayed response.

Cex.io also banned new user sign up and the platform also faced minor technical issues. Now they have upgraded their servers to counter the issue.

Countries supported

Services are offered worldwide, in about 95% of the countries, with exceptions depending on every particular deposit/withdrawal method. The following countries are partially restricted, with specific details available on the Cex.io website. If you are looking to buy major cryptocurrencies using debit & credit card on an easy to use, and secure platform than the cex.io trading platform is for you.

Pros

  • Well established and secure platform
  • Easy to use and simple interface
  • Fast support
  • Easily buy popular cryptocurrencies using debit & credit card
  • High trading volume

Cons

  • Relatively high transaction and trading fee
  • Limited number of altcoins to trade
  • Of late negative user reviews

Start trading at one of the best cryptocurrency trading platforms (Cex.io) click here

6. Bittrex

Reputation and background

Bittrex is one of the Internet’s best altcoin trading platforms and often makes its way into the world’s top 3 altcoin trading platforms based on trading volume. Bittrex has been in operation since 2014 based in Seatle, USA.

Bittrex claimed to be next generation altcoin trading platforms or cryptocurrency exchange which is easy to use, reliable and secure.

Backed up by an experienced and highly qualified steller team from companies like Microsoft and Amazon.

Bill Shihara is the Co-Founder and CEO of Bittrex. He has 11 years experience working with Microsoft Windows Operating system and as a Security Engineer for Amazon and Blackberry.

Shihara was motivated by security breaches and reliability issues experienced by exchanges and wanted to provide a much more reliable and secure platform for users to trade.

Verification

Basically, there are two types of accounts Basic account and Enhanced account

Basic account –

To get verified user requires submitting their name, address, and date of birth. These details are verified through public records, however, if this process fails customers will need to proceed to an enhanced verification.

Basic account members can withdraw up to 3 BTC worth of digital currency per day.

Enabling 2-factor authentication is necessary to withdraw this amount

Enhanced accounts

Next level accounts require users to upload the scanned copy of valid ID and a copy of user “selfie holding ID”.

These are verified by the Jumio service provider, which utilizes a number of heuristics to determine that the id is legitimate and that the faces match or not?.

Enhanced accounts can withdraw up to 100 BTC per day

Number of altcoins to trade

There are more than 250 altcoins available for trading against Bitcoin, Ethereum, and fiat currencies in the form of USD-Tether and BitCNY.

Bittrex makes an effort to add new altcoin after carefully vetting their source codes and delisted inactive altcoins.

If there’s an ICO that’s just completed, a new blockchain launching, or even a recently branched fork and it complies with the criteria of Bittrex then there is very good chance that coin will be listed on the altcoin trading platform.

You can create wallet address for every listed altcoin and can store on the exchange itself.

Trading volume

As Bittrex is a specialized altcoin trading platform then it is bound to have high daily trading volume. Currently, Bittrex experiences 24-hour trading volumes of just under $300M.

It is currently ranked 3rd in altcoin trading industry or cryptocurrency exchanges according to daily trading volume.

Fees

Bittrex trading fees are very straightforward and charge 0.25% of total trade. There are no depositing fees but withdrawal fees are a little bit high and vary according to altcoin, for example, Bitcoin withdrawal fees are 0.001 btc

Trading options

Bittrex doesn’t support leverage and neither it supports margin trading. The altcoin trading platform is working on a new trading engine that will support margin trading and advanced order types soon.

However, the current trading engine seamlessly supports automated trading features like GTC (Good till canceled) and IOC (Immediate or Cancel), with all the standard technical charting tools a trader needs.

GTC (good till canceled) — This means that the system would continue to look for your buy/sell post until this is fulfilled.

IOC (Immediate or Cancel) — This means you would buy/sell your cryptocurrency for your (ask or bid) price. If any portion of the currency being sold or bought cannot be fulfilled, this will be canceled immediately.

Cryptocurrency trading — 15 tips to earn like a pro

Security

Security is the top priority for the founding team. Bittrex offers 2-Factor Authentication which is always great when it comes to trading websites. Not just for this website, but for all your online transactions.

The platform has never suffered any security breaches or having lost customer funds. The exchange is not hacked to date. Enabling 2-factor authentication is compulsory to withdraw the funds.

Ease of use

The current trading platform has a clean and easy to use interface. The graphical representation of altcoin price stats makes interface beginner friendly.

Customer support and supported countries

There are issues regarding support delayed response. Recently there are also cases of temporarily suspended user accounts without giving any reasonable explanation. This situation has been going on for some time now, with only a minimal response from the Bittrex team.

Support Email: support@bittrex.com
Media email: media@bittrex.com

Bittrex supports all major countries worldwide excluding certain states in the USA.

Pros

  • Security is top notch
  • Large list of tradable altcoins
  • Live exchange rate with graph
  • Inbuilt wallet for all altcoins
  • Beginner-friendly interface

Cons

  • Fiat currencies are not supported
  • Does not allow to buy altcoins using fiat currency
  • Poor customer support
  • Occasional temporarily suspension of user accounts before fork

7. Kucoin

Reputation and Background

Kucoin is a Hong Kong-based cryptocurrency exchange. It was launched on 15 September 2017. Kucoin is relatively new but one of the promising altcoin trading platforms for those in search of a modern and secure platform to trade between cryptocurrencies. It operates on a crypto-to-crypto feature, so no fiat currencies are supported. Kuucoin was launched with a native cryptocurrency called Kucoin shares (KCS token).

KuCoin Shares are the Ethereum-based token that belongs to the exchange similar to BNB on Binance. It’s a decentralized cryptocurrency that can be bought on the exchange directly.

They’re called KuCoin Shares because they act like shares in the exchange, and they grant the variety of bonuses including income from fees, lower trading fees. Users that hold KCS will get discounts on their trades and also they will jointly be awarded 50% of the trading fees.

Kucoin has made a distinctive reputation as an early adopter, so buyers hoping to hold coins while they are still cheap might have a good chance to make the high profit.

Although Kucoin is relatively young altcoin trading platforms, the founding team has been in blockchain industry since 2011. Kucoin always aims to provide users with a safe and straightforward method of converting their currencies on a state-of-the-art platform and their aim is to get in 5 best altcoin trading platforms as early as possible.

Fees

Kucoin charges very competitive fees. Deposits have no fees. Withdrawal fees depend on the cryptocurrency (asset) user withdraw for example Bitcoin has 0.0005 BTC withdrawal fees, Litecoin just 0.001, and Ethereum has just 0.01 ETH withdrawal fees. Most altcoins have no withdrawal fees including NEO and GAS.

Kucoin charges a flat fee of 0.1% per trade, which is very competitive. On top of that, there are extra attractive discounts who hold KuCoin Shares.

Trading option

Kucoin strives to separate itself from other similar cryptocurrency exchanges via its outstanding features. KuCoin has developed a web-based trading platform which is well designed, convenient and most importantly functional.

The platform has a clean and modern design which is well maintained throughout the website and this extends to the markets overview screen where you can see the available trading pairs and are able to choose between BTC, ETH, KCS, NEO & USDT. The design of the platform also has some advanced charting with technical indicators, powered by TradingView.

Kucoin doesn’t offer margin trading but the Kucoin team has announced it will offer same in near future.

Security

Kucoin has levels of stability typically reserved for financing sectors. The underlying financial system’s design inspired the core exchanging system with its multi-cluster and multilayer architecture.

KuCoin’s system uses industry standard transfer encryption protocols. Overall, they aim to provide bank-grade encryption and security. There is also multifactor dynamic authentication for additional security.

Number of altcoins

KuCoin currently offers more than 80 altcoins for trading: ETH, LTC, NEO/GAS, OMG, QTUM, OS, SNT, KNC, BHC are some of them. By December 2018, they aim to expand that to 1,000+ altcoins. Kucoin uses an underlying technology that supports an infinite number of altcoin trading pairs.

Trading pairs are grouped into 5 categories: BTC, ETH, NEO, USDT and KCS markets. It was even the first exchange to launch trading in the RedPulse token (RPX).

RPX/BTC, NEO/BTC, ETH/BTC, and KCS/BTC are the most traded pairs on Kucoin. Kucoin has already developed a reputation for offering coin pairs earlier than other exchanges.

One downside is that it does not support fiat currency trade.

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User Interface

Kucoin has a very clean, easy to use, user-friendly and modern Interface. Transactions are fast

Liquidity

Kucoin offers high liquidity specifically to all popular cryptocurrencies.

Customer support

Kucoin has customer service available 24/7 via the hotline, email, and contact support via the website. Support responds within 10 minutes of raising the concern.

Countries accepted

Kucoin is available in almost all major countries worldwide.

Conclusion

Although Kucoin is relatively new exchange it seems ready to make a name for itself in altcoin trading industry KuCoin — trading volumes of most assets are good, their team is extremely responsive, it has an easy to use interface, it is low-cost trading on the advanced platform, and besides, there are different promotions running that could really help to grow the platform on top of this developing team is highly qualified and experienced.

Pros

  • Relatively new but highly regarded
  • Kucoin is an early adopter of promising new altcoins
  • Easy to use interface
  • Offers the exceptionally wide range of cryptocurrencies.
  • experienced and highly qualified developing team
  • Awesome customer support
  • Low Fees

Cons

  • Doesn’t support Fiat currencies
  • Doesn’t offer margin trading ( planning to add it in near future)

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