How to choose a good altcoin exchange?

Choosing an exchange with a large number of markets enables investors to build a well-balanced altcoin portfolio. For example, MEXC and Gate.io list more than 2,500 and 1,700 altcoins, respectively. This covers a huge range of new cryptocurrencies with small valuations, making them ideal for growth investors.

What is altcoin trading?

What are altcoins? Altcoins are alternative cryptocurrencies to Bitcoin. They are also often described as other digital currencies besides Bitcoin and Ethereum. Thousands of altcoins exist in the crypto space and come in various forms. Traders’ interest in altcoins fluctuate, often deeming a period of elevated altcoin trading as altcoin season.

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.