How to Buy Altcoins

If you followed our “How to Buy Cryptocurrency” guide and used Coinbase to buy some Bitcoin, Ethereum or Litecoin, you might have noticed that you cannot buy other altcoins such as Ripple, Dash, Monero, Stellar, etc.

These altcoins and many others are available on a number of different cryptocurrency exchanges such as Binance, Bittrex and Cryptopia.

Where do I go to signup for an exchange?

New coins generally only trade on a smaller exchange until they receive increased public interest and demand.

To find out which exchange is currently the most popular, you can view current global exchange volume at CoinMarketCap.

I recommend creating an account at each of the common exchanges so you are able to purchase a coin if it’s only on one exchange.

You can use my referral links below to register at each exchange, or browse directly to the exchange website if you prefer to avoid the referral link.

Binance
Popular Chinese cryptocurrency exchange currently ranked #1 in global trade volume.

KuCoin
Founded by a group of blockchain enthusiasts who had proved themselves in industry giants like Ant Financial and GF Securities, Kucoin aims at providing users digital asset transaction and exchange services which are even more safe and convenient, integrating premium assets worldwide, and constructing state of the art transaction platform.

Bittrex
Proudly based in the United States, we collaborate with experts in USA financial law to ensure that we remain in compliance with the evolving legal landscape and always available to our worldwide community. Our firm dedication to being legally compliant and fully regulated means that we were one of the first companies to apply for New York’s Bitlicense, allowing us to proudly serve New York customers.

Cryptopia
Deposit, trade, and withdraw Bitcoin, Litecoin, and over 400 other crypto currencies. Based in New Zealand.

What exchanges are trading the coin I want to buy?

To find out where a coin you’re interested in is traded, first browse to CoinMarketCap.com and search for your coin.

 

 

After selecting your coin from the search results, you’ll be taken to the coin details page. Click the “Markets” tab to view the markets that trade that coin.

 

 

The markets are sorted by highest-to-lowest volume. It is best to trade the coin on the exchange with the highest volume so there is sufficient market liquidity for you to make your trades.

I have an account at the exchange that trades my coin – what do I do now?

After logging in to the exchange that trades the coin you want to buy, you need to transfer Bitcoin into that exchange. Browse the exchange’s Help / FAQ articles for detailed guidance on how to deposit coins. It is very important to be cautious when moving your coins – always double-check your addresses before submitting your coin transfers.

Due to Bitcoin network congestion it is recommended to use Litecoin when moving between exchanges. If you don’t have Litecoin at the source exchange but you have BTC, you can first trade your BTC to LTC, then transfer your LTC to the destination exchange, and finally sell the LTC back to BTC at the destination exchange before buying the coin you’re interested in buying.