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Exchanges good for altcoin trading

Last update: December 19, 2016

If you are looking to trade altcoins or pairs like Bitcoin / Litecoin or Dash / BTC, you need exchange with easy policy on crypto deposits and withdrawals. Low fees are a plus too, and indeed you need an exchange that is not going to exit scam you.

Altcoin trading - Ether, Monero, Dash and shitcoins

Two pairs were mentioned, Bitcoin / Litecoin and Dash / BTC. You must have noticed at least Ether and Monero by now.

The problem was, typically altcoins seemed to move with Bitcoin. That was true until about January 2016. After that, with the Hearn thing probably, altcoins started living their own lives.

There were also some very fitting marketing attempts regarding Dash (also known as Darkcoin) spotted on Reddit, mainly reacting on the /r/bitcoin censorship issues:

Dash also draws from the existence of WalletExplorer - basically, as soon as someone knows your Bitcoin wallet address, it is a public thing what you do with your Bitcoin. Wallet addresses of Bitcoin exchanges and darknet markets are all doxxed there. Dash has a feature similar to CoinJoin that mixes the coins and keeps you anonymous as if you were using cash.

Either way, Litecoin, Dash or any altcoin can be always used to mix coins (unlink your real identity from your Bitcoin) without paying mixing fee for that. In case you didn’t realize that, buying a coin from a sidechain and then selling it back for Bitcoin will give you different Bitcoin.

If only for that, it is good to keep altcoins in check and know which one is stable enough to use it for mixing. (For instance, Litecoin has a pretty steady price now). You can always use ShapeShift, an instant alt-to-alt changer service, or one of regular altcoin exchanges.

All in all: Looks like good altcoin times have started.

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What to look for

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Altcoin Trading Exchanges

So here is finally a list of exchanges that have friendly policy for anyone who wants to deposit cryptocoins and withdraw either same or different crypto.

Poloniex

The most dodgy yet unhacked

Poloniex is an exchange, margin trading and lending platform that operates fully in crypto.

You need to state your name and country to get $2000 daily withdrawal limit (that is, $2K in cryptocoins only). To state your address and phone number raises the limit to $7000 daily.

It is the liveliest place for altcoin trading thus far but don’t read the trollbox.

Poloniex

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Chinese Altcoin Trading Exchanges

Good places to trade might also be Chinese exchanges.

Liquidity is good, especially when you are looking into altcoins where it is mostly dead in Europe.

No AML/KYC papers necessary when you only handle cryptocoins.

When signing up you need to certify you are not from US, Indonesia or other restricted countries (they are specified in Terms).

Trade fees are flat and of 0.2%.

Only Huobi is available in TabTrader.

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BTC-e

Based somewhere? Identity verification required in case you choose to load your account by wire transfer. BTC-e trades altcoins like LTC, NVC, PPC and NMC. Markets are quite big. BTC-e has been around for some time now.

BTC-e

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Bit-x

Bit-x only needs your phone number (or any phone number). It has quite a good base of users trading Bitcoin / Litecoin. Other than that it is one of the largest BTCEUR markets.

They only do crypto deposits and withdrawals but you can get their debit card. Good thing is you can get an anonymous plastic prepaid card if you are in a country that is not quite BTC-friendly. (Other Bitcoin prepaid cards are cheaper, though.)

Bit-x

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Bittrex

One of the exchanges that specializes in altcoin trading. You get the choice of many coins, deposits and withdrawals are in crypto only.

Bittrex is one of the places where you can trade Dash or ETH, most users there do so.

Bittrex

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HitBtc

Probably in the need of get more makers in, there is a maker rebate instead of a fee. Trading cryptos is unlimited without verification, the platform is build for trading and has fine charts.

Drawback: Someone had issues withdrawing fiat. Plus the trading interface won’t let you specify enough decimal places as you trade and move coins, which means you always have to leave some behind.

HitBTC

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ANXPro

HK exchange built on top of a Forex platform. Identity verification is not mandatory for crypto deposits and withdrawals.

Looks fine but doesn’t have enough liquidity yet - only some DOGE trades up until now (check out the trade volume table at the bottom). Probably only worth checking out for now.

AnxPro

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Altcoin Wallets

It has been said many times that it’s not a good idea to keep your coins on an exchange if you are not using it for trading at the moment.

While there are many a wallet for Bitcoin, altcoin wallets are not so many. Here are a few hints.

Altcoins supported by Coinomi


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