12 Best Altcoin Exchanges With The Most Coins in 2024

Hundreds of online exchanges list altcoins, meaning traders must consider their priorities when selecting a provider. The most important factors include low fees, support for a wide range of markets, and a safe trading experience.

Read on to discover the best altcoin exchange in 2024. We’ve researched the top platforms for cryptocurrency traders, covering everything from security and commissions to account minimums and leverage.

Comparing the Best Altcoin Exchanges for 2024:

Consider these platforms when choosing the best altcoin exchange:

Reviewing the Top Altcoin Exchanges

Read on for more information about the top altcoin trading platforms. Discover how each provider compares for available altcoins, fees, tools, safety, and more.

1. Margex – The Overall Best Altcoin Exchange

• Supported Altcoins: 48
• Trading Fees: 0.019% (limit orders), 0.06% (market orders)
• Fiat Payments: Yes
• Founded: 2019

Margex is the overall best option when trading altcoins. It offers perpetual futures on 48 altcoin markets, including Solana, BNB, Ethereum, Dogecoin, XRP, and Toncoin. Traders can go long or short on all available pairs, and leverage of up to 100x is available.

For example, suppose you’re long on Ethereum with a $200 stake and 100x leverage. This means you’re trading with $20,000, even though your Margex account only has $200.

Margex is also a good option for low trading commissions. It charges just 0.019% per slide on limit orders. Market orders are charged 0.06%. However, unlike other altcoin exchanges, Margex doesn’t offer discounts when trading larger volumes.

Nevertheless, Margex is also popular with traders who prefer privacy and anonymity. No KYC procedures are needed; just provide an email address when joining. Do note that Margex doesn’t offer spot trading markets, which will be a drawback for some. It does, however, offer copy trading tools. Not to mention staking pools with APYS of up to 5%.

2. MEXC – Buy and Sell Over 2,900 Altcoin Markets 

• Supported Altcoins: 2,900+
• Trading Fees: 0% (limit orders), 0.02% (market orders)
• Fiat Payments: Yes
• Founded: 2018

MEXC is the best altcoin exchange for available markets. It lists more than 2,900 altcoins, including the best meme coins. This covers everything from Dogecoin and Samoyedcoin to Dogelon Mars, Tamadoge, and Pepe. Other popular markets include Solana, Toncoin, Ethereum, XRP, and TRON.

MEXC charges low trading fees, with market takers paying just 0.02% per slide. Market makers pay no commissions at all. In addition to thousands of spot trading markets, MEXC offers hundreds of perpetual futures. These come with leverage of up to 200x. Futures can be settled in USDT or the underlying altcoin. MEXC is another good option for anonymous trading, with only an email address or mobile needed when joining.

MEXC users can deposit funds in multiple currencies, including GBP, USD, and EUR. Debit/credit cards and other popular payment methods are accepted. Deposit fees are built into the quoted exchange rate, which lacks transparency. That said, our research shows this averages 3-5%. MEXC can be accessed on desktop browsers or an Android/iOS app.

3. Coinbase – One of the Best Altcoin Exchanges for Beginners

• Supported Altcoins: 257
• Trading Fees: 1.49% (standard conversion fees)
• Fiat Payments: Yes
• Founded: 2012

Coinbase is a tier-one altcoin exchange with a strong licensing framework. Launched in 2012, it has regulatory approval in multiple countries, including the US, Singapore, Australia, and the UK. Our research shows that Coinbase is a good option for beginners.

It enables users to buy altcoins instantly with a debit/credit card. PayPal is supported too. The investment process is simple; just choose which altcoin to buy, type in the amount, and enter the payment details. Coinbase supports 257 altcoins, covering popular markets like Ethereum, Dogecoin, Shiba Inu, XRP, Cardano, and Solana. It also offers perpetual futures trading but only in selected countries.

Coinbase offers multiple options when storing altcoin investments. This includes a centralized web wallet with two-factor authentication. 98% of client-owned cryptocurrencies are held in cold storage when selecting this option. Alternatively, it also offers a decentralized wallet app. Available on Android and iOS, only the user controls their private keys.

4. Binance – A Great Option for Advanced Altcoin Traders Seeking Charting Tools

• Supported Altcoins: 426
• Trading Fees: 0.1%
• Fiat Payments: Yes
• Founded: 2017

Founded in 2017, Binance is the largest altcoin exchange with over 237 million registered users. It’s one of the best options for advanced traders seeking charting tools. It offers in-depth order books for buy and sell positions and custom charting screens ranging from 1 second to 1 month. Drawing tools and technical indicators are also available. TradingView integration is supported for even more charting features.

Binance can be accessed via desktop software, with Windows, Mac, and Linux supported. A mobile app for Android and iOS is also available. Alternatively, some traders opt for the desktop browser. Either way, Binance lists 426 altcoins, with new additions added regularly.

It charges competitive trading commissions, starting at 0.1% per slide for makers and takers. Commissions are reduced when trading higher amounts, or holding Binance’s native altcoin, BNB. Binance also offers derivative products, including options, delivery futures, and perpetual futures. It also supports earning tools with high APYs.

5. Exodus – Swap Over 100,000 Altcoins via a Non-Custodial Wallet

• Supported Altcoins: 100,000+
• Trading Fees: Built into the quoted exchange rate
• Fiat Payments: Yes
• Founded: 2015

Exodus is an established wallet provider that offers non-custodial storage. The wallet’s private keys are encrypted on the user’s device. Nobody can access them but the user. Exodus also provides an in-built exchange, allowing users to swap over 100,000 altcoins. It connects to decentralized liquidity pools, so swaps are executed at the best market price. However, traders must assess fees manually, as they’re built into the quoted rate.

Although Exodus only enables crypto-to-crypto swaps, users can buy altcoins with a debit/credit card. The purchased altcoins can then be traded 24/7. Crucially, Exodus doesn’t have an account opening process, so KYC isn’t needed when swapping cryptocurrencies.

Exodus is available on most device types, including desktops, mobiles, and browsers. Supported operating systems include Android, iOS, Windows, Mac, and Linux. Exodus also offers staking rewards on select altcoins, including Aptos, Solana, Cardano, Tezos, Ontology, and Kava. The main drawback is Exodus’ lack of analysis tools, such as indicators and order books.

6. OKX – Low-Fee Trading for Spot Markets and Derivatives

• Supported Altcoins: 295
• Trading Fees: 0.08% (limit orders), 0.1% (market orders)
• Fiat Payments: Yes
• Founded: 2017

OKX offers a safe trading environment for millions of cryptocurrency traders. Launched in 2017, it lists 295 markets, including the best altcoins. This covers everything from BNB, Ethereum, and XRP to Shiba Inu, Polkadot, and Uniswap. OKX supports fiat purchases from just $5, making it a good choice for newbies.

Standard trading commissions are just 0.08% for market makers and 0.1% for market takers. Like many altcoin trading exchanges, discounts are available for larger volumes. Traders also get reduced commissions when holding OKX’s native altcoin, OKB.

In addition to spot trading, OKX also offers derivative products. This includes perpetual futures settled in USDT, USDC, or the underlying altcoin. Delivery futures are also available, alongside cryptocurrency options. OKX offers leverage of up to 100x when trading derivatives. However, limits are lower when trading smaller-cap altcoins. OKX also offers earning tools, including on-chain Ethereum staking.

7. BloFin – Diverse Altcoin Exchange With Spot Trading, Futures, and Automation Tools

• Supported Altcoins: 300+
• Trading Fees: 0.1%
• Fiat Payments: Yes
• Founded: 2019

BloFin is a popular cryptocurrency exchange that was founded in 2019. It offers a diverse range of investment products, ensuring traders of all skill sets are catered for. This includes a spot trading exchange with over 300 altcoin markets. Trading commissions are just 0.1% per slide for both market makers and takers.

Lower commissions are offered when hitting 30-day trading milestones. BloFin is also a good option for trading perpetual futures. Popular markets include Ethereum, Render, Dogecoin, and Solana. BloFin offers leverage of up to 150x when trading futures, depending on the altcoin. Futures commissions are also competitive, with market takers paying 0.06%. Market makers get a lower commission of 0.02%.

BloFin is also popular for its automation tools. This includes copy trading and cryptocurrency bots. The latter currently only includes signal bots, but other strategies will be added soon. BloFin is a no-KYC exchange, so new users can register with an email address or mobile number.

8. Kraken – One of the Original Altcoin Exchanges With Industry-Leading Security

• Supported Altcoins: 200+
• Trading Fees: 0.25% (limit orders), 0.4% (market orders)
• Fiat Payments: Yes
• Founded: 2011

Kraken was founded in 2011, making it one of the original altcoin exchanges. It boasts industry-leading security protocols, ensuring client-owned altcoins are kept safe. This includes advanced cold storage wallets with 24/7 armed surveillance and verifiable proof of reserves. It also has multi-factor authentication when logging in and requesting withdrawals.

Kraken lists over 200 altcoins, which is a great starting point for beginners. Cryptocurrencies can be purchased with fiat money; supported payment methods include local bank transfers and debit/credit cards. Fees are built into the quoted exchange range when buying altcoins instantly. The cheaper option is to use Kraken Pro.

This is Kraken’s advanced trading suite aimed at experienced investors. The entry-level commission on Kraken Pro is 0.4% for market takers. This is reduced to 0.25% for market makers. Further discounts are available when trading higher amounts. Kraken also offers one of the top altcoin trading apps for Android and iOS. These come with full functionality. Kraken also stands out from other exchanges in many ways, which can be seen in our Kraken vs. Coinbase review. 

What is an Altcoin Exchange? The Basics

Altcoin exchanges enable traders to buy and sell popular altcoins, such as Ethereum, XRP, Litecoin, and Solana. Exchanges make money from trading commissions, which are typically charged against the total position size, per slide.

For example, suppose you buy $1,000 worth of altcoins at a 0.1% commission. You’d pay just $1 to enter the market. You’d pay 0.1% again when closing the trade. Some crypto exchanges enable users to buy altcoins with fiat money, such as USD, EUR, and GBP.

Payment methods often include debit/credit cards and local bank transfers. Altcoin markets will vary depending on the exchange. Some offer spot trading markets, with trades executed ‘on the spot’. Others specialize in derivative products like perpetual futures.

These products offer more flexibility, such as short-selling and leverage. Nonetheless, most altcoin exchanges are centralized, which invites counterparty risks. This is why seasoned traders only keep small amounts on exchanges, with the majority of funds withdrawn to a private wallet.

Key Criteria When Selecting The Best Altcoin Exchange

Over 700 altcoin exchanges are listed on CoinMarketCap, meaning a significant number of providers to choose from. The best practice for traders is to assess key priorities, such as fees, supported markets, and payment methods.

Read on for the most important considerations when selecting an exchange.

Available Altcoin Markets

Some traders prefer cryptocurrency exchanges with a substantial number of altcoins, ensuring market opportunities can be capitalized on with ease. Otherwise, you’d need accounts with multiple exchanges. You’d also need capital available on each platform.

Our research shows that the best altcoin exchange for available markets is MEXC. It currently lists over 2,900 altcoins, with new markets being added almost daily. It’s particularly popular for trading new cryptocurrencies, including those that have recently completed their ICO/presale campaigns.

Low Trading Commissions

Trading commissions must be paid when trading altcoins. This is charged as a percentage against the total trade size. The only exception is MEXC, which offers commission-free trading when placing limit orders. Those preferring the simplicity of market orders might like Margex.

It charges 0.06% per slide, meaning commissions of just $0.60 for every $1,000 traded. Do note that some altcoin exchanges charge fees based on the monthly trading volume. This means lower commissions when trading higher amounts.

Available Altcoin Liquidity

Liquidity is another important factor when choosing the best exchange for altcoins. In a nutshell, liquidity is the amount of funds available when trading specific markets. High liquidity ensures traders can enter and exit positions seamlessly, without needing to accept sub-par prices.

In contrast, low liquidity increases the trading cost, as less favorable prices must be accepted to push orders through. Tier-one exchanges with the most active traders provide the highest liquidity. This includes Binance, OKX, Kraken, and Coinbase.

Available Payment Methods and Fees

First-time traders will need to choose an altcoin exchange that accepts their preferred currency and payment method. Fees should also be reviewed, as fiat deposits can be costly. For example, those wishing to buy altcoins instantly will prefer a debit/credit card payment.

Margex and MEXC are good options here, with both Visa and MasterCard supported. However, the average fee will be 3-5%, depending on the fiat partner.

The cheaper option is to deposit funds via a local bank transfer. Popular networks include ACH (US) and SEPA (EU). These banking methods are often processed free of charge. Coinbase and Kraken are the best options for bank transfers, as payments are usually instant.

Safety and Security

While fees, available markets, and liquidity are key factors, these shouldn’t be at the expense of safety. Altcoin traders preferring a regulated environment will like Coinbase, considering it’s licensed in the US, Singapore, Australia, Europe, and other locations.

However, Coinbase has strict KYC procedures, which won’t appeal to everyone. Alternatively, no-KYC exchanges like Margex also offer a safe experience but without a regulatory framework. Security measures include proof of reserves, cold storage wallets, and two-factor authentication.

Fees to Consider When Using an Altcoin Exchange

Let’s take a closer look at the different fee types when using altcoin exchanges.

Deposits

Depending on the altcoin exchange, you can often deposit fiat money directly into the account. The funds can then be used to buy altcoins manually. For example, Coinbase offers free deposits on local bank transfers, including USD, EUR, and GBP. This is also the case with Kraken.

It’s also possible to directly deposit altcoins. You won’t be charged by the exchange, but network fees apply when executing the transfer. The deposited altcoins can then be used to trade.

Instant Purchases

Instant purchases are slightly different from traditional deposits. You’ll be using a debit/credit card or e-wallet to buy altcoins immediately. The transaction is settled in real-time and the cryptocurrencies are instantly added to your exchange wallet.

This option is ideal for first-time investors with limited trading experience. However, instant purchases are also the most expensive. As mentioned, expect to pay around 3-5% of the transaction size.

Trading Commissions

Trading commissions are charged when buying and selling altcoins. They’re almost always charged as a percentage. Meaning, the more traded the higher the commission. What’s more, commissions are charged ‘per slide’. This means traders pay commissions when entering and exiting the market.

Here’s an example:

• Let’s say your chosen altcoin trading platform charges 0.2% per slide
• You buy $4,000 worth of Ethereum, so pay a commission of $8 (0.2% x $4,000)
• Ethereum has increased by 50%, so your position is now worth $6,000
• You cash out, again paying a 0.2% commission. This amounts to $12 (0.2% x $6,000)

However, do note that commissions can vary depending on whether you’re a market maker or taker:

• Market makers place limit orders. They provide liquidity to altcoin exchanges so generally get lower commissions.
• Market takers place market orders. They use liquidity that’s already been provided, so generally pay higher commissions.

Other factors can also impact trading commissions. For example, exchanges like MEXC and OKX offer discounts when holding their respective tokens. Additionally, discounts are often available when meeting 30-day volume targets.

Altcoin Conversions (Swaps)

Most altcoin exchanges charge fees when converting (swapping) cryptocurrencies. This enables users to exchange one altcoin for another without using the spot trading exchange. For example, swapping Litecoin for Dogecoin or Ethereum for Uniswap.

Conversion fees are often built into the exchange rate. This means manual calculations are a must. Otherwise, you won’t know whether you’re getting a good rate. That said, Margex offers free conversions on nine popular altcoins, swapped at the real-time spot price.

Withdrawals

Even the best altcoin exchanges charge withdrawal fees. Cryptocurrency withdrawals often come with a fixed fee, which can include a markup. For example, suppose the Solana network fee is 1 SOL, but your chosen exchange charges 3 SOL. This means you’re paying a 2 SOL premium.

Fiat withdrawals often attract fees too, although local bank transfers can be free. It’s important to assess these fees from the get-go.

Conclusion

We’ve ranked the best altcoin exchanges for the most important factors, including fees, safety, and available markets. Margex is our top pick; it offers super-low commissions and leverage of up to 100x.

It also offers a KYC-free experience, advanced security protocols, and instant altcoin purchases with Visa and MasterCard. There’s also a copy trading feature aimed at beginners, meaning altcoins can be traded passively.

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