While Bitcoin continues to be a dominating and unarguably the most popular name in the cryptocurrency markets, there are thousands of other cryptocurrencies, collectively known as ‘altcoins’. Altcoins are alternative coins which you can invest in instead of Bitcoins. Altcoins have shown impressive growth over the years- and are expected to perform well in 2019, following the market slowdown of 2018. In this article, we examine some of the best altcoin trading platforms that you can use for investments in 2019.
Among some of the most popular altcoins are Litecoin, Ethereum, Ripple, Bitcoin Cash, etc. However, these are the ones a significant portion of the markets know about. There are thousands of other, lesser known, currencies as well – which have shown an impressive growth. However, before we take a closer look at the best altcoin trading platforms in 2019, it is critical for you to know if it is legal to trade cryptocurrencies in your country.
5 Best Altcoin Trading Platforms in 2019
These platforms are not ranked in any manner, as all five of them are among the biggest names in the markets. This list of altcoin trading platforms has been curated based on a number of factors, including but not limited to:
- The credibility of these platforms over the years
- Trading volume of these platforms
- The number of cryptocurrencies (and the credibility of the cryptocurrencies) listed
- Security of these platforms
Among the most popular names when it comes to cryptocurrency exchanges, Binance occupied the top spot when it comes to cryptocurrency exchanges by trading volume for most of its run since its inception in 2017. The platform has an instant appeal with the users, thanks to its simple-to-use interface and easy options for trading.
As of this writing, Binance supports over 400 cryptocurrency trading pairs – including pretty much every major name – as well as some early-stage names which seem to be promising. Binance offers a diverse array of cryptocurrencies as well as a number of stablecoins that the users might want to invest in. The firm is highly secure and is run by Changpeng Zhao, who has quite a credibility in the crypto markets. All of this put together makes Binance one of the best altcoin trading platforms in 2019.
Coinbase is not only the biggest cryptocurrency exchange in North America but also a global giant. The company has been coming out with a number of announcements over the course of the year – and is one of the most credible names in the cryptocurrency ecosystems. The platform is visually very simple and easy to use – and has various offerings depending on the kind of users (retail, institutional, etc). Coinbase also offers custodian services where users can store their cryptocurrencies in cold storage vaults with Coinbase. The company has made several acquisitions in the recent past and has hired some of the best brains in the blockchain.
Coinbase, at the moment, offers support for 8 cryptocurrencies – but has been working towards adding more names to their platform. A recent post from the company announced that 30 new cryptocurrencies are currently being scrutinized by the company and will eventually be added to the platform if things fall in place. Even if the platform offers a limited number of currencies, it’s enough for it to make a name in the crypto world in terms of credibility – as only the most credible of names make the cut. Coinbase also ranks very high in terms of security, making it among the best altcoin trading platforms of 2019.
The Huobi cryptocurrency exchange is another market heavyweight which has been around for quite a long time. Huobi has found a firm place for itself in the top-three exchanges by trading volume. Currently ranked the third largest name by volume, Huobi has been a consistent performer in the cryptocurrency markets. The platform offers support for over 380 cryptocurrency trading pairs – and is known for its security.
Huobi also has a number of other services that it offers, such as a peer-to-peer trading platform. The company, which was formerly a big name in China and Asia, has been working towards a major expansion strategy all through 2018 – and is expected to take things to the next level in 2019 – indeed a name to watch out for in the list of the best altcoin trading platforms of 2019.
The OKEx cryptocurrency exchange- along with Binance and Huobi- has been among the top three exchanges for quite some time now, switching between the first, second and third positions on various occasions. An exchange with strong security as well as a high trading volume, the OKEx cryptocurrency exchange has been free from controversies and has maintained major goodwill in the markets as a safe and secure platform.
OKEx supports 415 cryptocurrency trading pairs – and one can find almost every major name in the markets listed on to this platform. The platform started off in 2014 and has grown stronger with every passing year. OKEx offers its users with fiat-to-crypto as well as crypto-to-crypto trading options. More recently, it has also been tapping into the Futures markets, making it an exciting platform and our pick in the 5 best altcoin trading platforms of 2019.
Last but not the least, Bittrex, which started off in 2015, has been a strong performer in the cryptocurrency markets over the years. The platform has been safe and free from controversies over the years – and offers its users with a wide variety of crypto assets to invest in. At the moment, Bittrex offers 297 cryptocurrency trading pairs. It allows only crypto-to-crypto trades but has speculated to be working on involving fiat trades in the future.
Bittrex is also a very credible platform, known for delisting currencies which do not have high liquidity nor is suspicious in nature. With the hopes of a bull-run in the crypto markets in 2019, Bittrex is expected to be an altcoin trading platform which will impress investors in 2019!