Can you buy altcoins on a cryptocurrency exchange?

Most exchanges aren’t fiat on-ramp platforms and do not support United States dollar purchases. Thus, investors are required to purchase supported cryptocurrencies and then swap them for altcoins on the exchange. Several exchanges allow the direct purchase of cryptocurrencies via credit card, making it easy to obtain coins for an altcoin exchange.

How do I buy altcoins?

You can buy altcoins through various cryptocurrency apps, exchanges, and brokerages. If you're a first-time crypto investor, you'll need to deposit traditional money onto the platform, which you can then use to buy altcoins. Some cryptocurrency ATMs also sell altcoins.

What is an altcoin exchange?

An altcoin exchange is a platform where you can buy, sell, and trade a range of cryptocurrencies. A couple of crypto platforms only trade Bitcoin, but the majority are altcoin exchanges as they list other cryptos as well. You can access altcoin exchanges using a computer browser, a top cryptocurrency app, or directly from a crypto wallet.