What is the Best Altcoin Exchange to Buy, Trade, and Swap Alts

In our quest to find the best altcoin exchange to buy, trade, and swap altcoins, we’ll explore the top six alternatives:

Coinbase
Binance
Kraken
Bybit
Uniswap
PancakeSwap

Top Altcoin Exchanges to Buy and Trade Alts

With the rapid development of the crypto market, we have seen an abundance of altcoin exchanges pop up in the past couple of years. The competition is great; however, it can also make it difficult for you as a user to find the best altcoin exchange for your needs. As such, to help you pick, we have put together a list of the top altcoin exchanges:

Coinbase
Binance
Kraken
Bybit
Uniswap
PancakeSwap

1. Coinbase

Coinbase is a leading altcoin exchange, and it’s one of the biggest names within the crypto space. Due to an intuitive user interface (UI), Coinbase is usually many investors’ first introduction to crypto. The platform features an extensive selection of cryptocurrencies, making it a great altcoin exchange for anyone looking to buy and trade their first digital assets.

Key Features:

Altcoin Trading App: Coinbase features an intuitive mobile application for both Android and iOS. As such, with Coinbase, it’s possible to seamlessly trade altcoins on the go.

Educational Resources: Coinbase also provides a plethora of educational resources, making this platform suitable for newcomers. Some examples are guides on digital assets, market analysis, trading strategies, etc.

Competitive Fees: Coinbase boasts competitive fees, making it a good alternative for people seeking an altcoin exchange with affordable trading costs.

2. Binance

Binance is one of the world’s largest altcoin exchanges by trading volume and a prominent candidate for the best altcoin exchange. The platform supports a wide range of digital assets. Furthermore, thanks to Binance’s high liquidity, it features lightning-fast transactions. With hundreds of cryptocurrencies listed on Binance, traders get access to an impressive range of investment opportunities, making it one of the best altcoin trading exchanges available.

Key Features:

Advanced Trading Features: Binance provides a range of advanced trading features for both beginners and more experienced traders. Some prominent examples are spot trading, futures, options, margin trading, etc.

The Binance App: Binance users can access the altcoin exchange on the go through the Binance mobile application. It’s available on both iOS and Android devices.

Security Focus: Binance focuses on security, utilizing several mechanisms such as multi-cluster and multi-tire architecture, advanced encryption, and two-factor authentication.

3. Kraken

Kraken is a leading altcoin exchange and one of the best options for users seeking a diverse selection of cryptocurrencies. As the platform supports a wide range of tokens, it’s an ideal choice for traders looking for both emerging and established digital assets. What’s more, the Kraken platform provides a bunch of trading features, including stop-loss orders, trailing stops, margin trading, etc.

Key Features:

Intuitive UI: The Kraken altcoin exchange features an intuitive UI for both web and mobile applications.

Advanced Trading Features: Kraken supports various advanced trading features, including spot and futures trading.

Competitive Fees: The Kraken altcoin exchange provides low transaction fees and high liquidity, ensuring that all traders can execute orders fast and cost-effectively.

4. Bybit

Bybit is a fast-growing altcoin exchange that supports a broad range of digital assets and trading pairs. This includes popular tokens like Ethereum, as well as lesser-known projects. Furthermore, Bybit is a feature-rich platform that offers automated bots, copy trading, and more. The platform also integrates other trading tools like charts provided by TradingView, giving users access to many useful technical indicators and drawing tools.

Key Features:

24/7 Customer Support: Bybit provides 24/7 customer support to answer questions or assist with any issues.

Advanced Trading Features: Bybit features advanced tools allowing users to execute sophisticated trading strategies. Some examples are leverage trading and customizable crypto charts.

Mobile Application: It’s possible to access the Bybit altcoin exchange on both iOS and Android devices. As such, with Bybit, users can trade on the go.

5. Uniswap

Uniswap is the world’s first decentralized exchange (DEX) and a great candidate for the best altcoin exchange. The platform supports ERC-20 tokens and integrates with several blockchain networks to facilitate cross-chain swaps. Uniswap operates using smart contracts, allowing users to seamlessly swap cryptocurrencies without the need for intermediaries. What’s more, the platform supports an extensive set of tokens, making it a good selection for acquiring both new and established coins.

Key Features:

High Security: As Uniswap is a DEX, the platform features high security as the decentralized nature prevents hacking risks.

Multi-Chain Compatibility: Uniswap supports multiple blockchain networks, including Ethereum, Optimism, Polygon, Arbitrum, etc.

Liquidity Pool: Through Uniswap’s liquidity pool, anyone can put their assets to work and contribute to the platform’s liquidity.

6. PancakeSwap

PancakeSwap is another prominent DEX operating on BNB Smart Chain (BSC). As such, this is a gateway for users looking to trade BSC tokens. With an intuitive and straightforward UI, it’s easy to buy, sell, and trade tokens with PancakeSwap while enjoying low transaction fees, making it a strong candidate for the best altcoin exchange.

Key Features:

High Security: Like Uniswap, PancakeSwap also boasts high security due to the decentralized nature of the platform.

Yield Farming: PancakeSwap features yield farming, allowing users to put their assets to work by depositing them into liquidity pools to earn rewards.

Trade vs Swap Altcoins

Before we discuss the best altcoin exchange, we first need to cover the differences between swapping and trading altcoins. So, what is the difference between swapping and trading crypto?

Swapping vs trading alts on an altcoin exchange

Crypto swapping is the process of instantaneously exchanging one crypto for another without having to use a crypto-to-fiat exchange. Since swapping allows you to exchange one token for another directly, you can save both time and money since it sometimes requires fewer transactions.

On the other hand, when trading crypto, you execute your trades based on an order book. Moreover, you can only trade based on currency pairs offered by that particular exchange. Consequently, trading crypto generally requires exchanging one crypto for fiat and then buying a new coin with the obtained currency.

Nonetheless, the mechanics of swapping and trading are just the same: exchanging one asset for another. However, the process of getting there is significantly different!

What is the Best Altcoin Exchange?

Since there are differences between trading and swapping altcoins, you need to first determine which option do you wish to take. Moreover, you also need to get clear about whether you wish to take a decentralized or centralized approach and on which blockchain network the tokens you want to buy live.

Generally speaking, you should always have several options that you can take, after all, you never want to limit your trading to a single platform, whether centralized or decentralized.

Though, among DEXs, Uniswap is still the most popular choice. After all, it does offer the best liquidity for the tokens that live on the Ethereum chain.

Among CEXs, Binance stands out as a strong contender for the best altcoin exchange. As one of the largest exchanges in the world, it’s a reliable platform for trading crypto. What’s more, the platform also provides advanced features and tools for more experienced traders.

One of the reasons for Binance’s popularity is the platform’s low trading fees. And it’s possible to reduce them even further by buying and holding BNB tokens. Also, with the mobile application, users can seamlessly trade cryptocurrencies away from the comfort of their own homes.

However, unless it’s your first time buying crypto using fiat currency, we recommend using DEXs’ swap feature.

Swap Altcoins and Reap the Rewards with the Best Altcoin Exchange

Altcoins have massive upsides, with the average quality altcoin performance ranging between 50x-70x during a bull market. Also, if you manage to find the right investments, you can easily 100x or even 1000x your holdings. However, the difficult part is finding the right opportunities. But this is where Moralis Money enters the equation!

Moralis Money is the #1 option among the best crypto monitoring tools. And with this platform, you can easily find and acquire new altcoins before everyone else. We’ll illustrate the power of Moralis Money and show you exactly how it works in three simple steps:

Step 1: Find New Altcoins – With Moralis Money’s Token Explorer, you can easily find tokens you’re after by picking and choosing between 15+ unique search parameters. For instance, by combining the Coin Age filter with the Experienced Buyers metric, you can effortlessly generate a list of freshly minted alts with increasing buy pressure:

Step 2: Do Your Own Research – Once you have found a coin you’re interested in, you can visit its token page to gain more insight and start doing your own research. Each token page features alpha metrics, price charts, security information, links to the project’s website, and much more:

Step 3: Swap Your Altcoins – This is where you use one of the above-outlined platforms (or any other you prefer) to buy/swap tokens.

If you’d like to learn more about Moralis Money’s other features, check out our guide on crypto trading tips.

Summary: The Best Altcoin Exchange to Swap Altcoins

In today’s article, we explore six of the best coin swap sites:

Coinbase
Binance
Kraken
Bybit
Uniswap
PancakeSwap

Along the way, you also learned how to use Moralis Money to find the best altcoins. And if you wish to maximize the value of Moralis Money, make sure to subscribe to the Moralis Money Pro plan. With the Pro plan, you get narrower timeframes for all search parameters, access to Token Alerts, can join a private Discord server, and much more: