Which Crypto Exchange Has the Most Altcoins?
Introduction
The right choice of crypto exchange is maybe one of the most crucial aspects when trading. The features, the security, the size of the catalog with supported altcoins and the fees are only some of the important things you should consider before choosing. Probably the best advice is to always do your own research and never rely on just one source of information.
How to choose the right crypto exchange ?
The first thing you have to consider is how much freedom and options for investing you will have. In other words - how many cryptocurrency will you be able to trade and choose from? If you are a beginner maybe your interests will be more focused around the most popular ones like BTC, ETH, DOGE or XRP. Some traders like to be innovators and start with less popular coins like FLR, RAM or MPL. Sometimes the training strategy changes and the chosen projects for trading also change, so you have to be careful with the exchange decision because not every platform supports every cryptocurrency. Moreover, most crypto exchanges have a limited selection of available coins.
The best choice would be a platform where almost everything is available. Such a platform is Gate.io cryptocurrency exchange – it offers one of the biggest and best crypto catalogs with more than 1,400 available coins for trading. It is a well known 'altcoin' exchange. Visit Gate.io and check the full list of available coins.
The second important aspect when choosing crypto exchange is of course the security. There are a number of important aspects to pay attention to. The security protocol should include things like two-factor authentication, Anti-DDOS attack, Google OTP and much more. Gate.io is also known as one the most secure exchanges with more than ten multiple security solutions. Regardless of login, transaction, and withdrawal, it provides a full range of active or passive protection. Gate.io was also one of the first ones who integrated the Proof-of-Reserve protocol.
Depending on your skills and awareness of the industry, you should also consider the ease of use of different platforms. If you are a beginner, you should stick to easier and understandable exchanges with a not too complicated interface.
Customer support, insurance, fees, transparency and withdrawal options are also some significant indicators when considering your choice. When it comes to your money, every step and detail is important, so be careful and thoughtful.
Why trade with a crypto exchange?
Crypto exchanges make the trading process much faster. In some cases, they also add a level of security. These platforms are like brokers who give you the opportunity to sell and buy crypto very easily. Another advantage is that often they offer storage options and you can have basically everything you need in one place. Of course, this is up to personal preferences regarding trust level. However, there are some risks related to hacking. That's why it is important to choose precisely.
Why choose Gate.io?
Last year, Forbes listed Gate.io among the best crypto exchanges for 2022 in the UK. Some of the distinctive characteristics of the exchange are: open, transparent and cooperative. Besides, Gate.io offers efficient trading with instant deposits and withdrawals. As one of the oldest crypto exchange platforms - founded in 2013, it has built comprehensive protection with high level security and legal funds. If you are looking for a stable and reliable crypto trading platform, then Gate.io is the right choice.
Conclusion
Choosing the right platform when trading crypto might be a hard task. There are hundreds of available trading websites, so it is easy to choose the wrong one. However, checking and deciding on a few important metrics could improve your trading experience and bring positive results. Available coin lists, fees, security, transparency, etc are some of the major features. As the oldest crypto exchange, Gate.io succeeded in improving all of the important aspects. It is currently one of the safest platforms, offering more than 1,400 cryptocurrencies with implemented Proof-of-Reserve certificate.
Author: Kristina Micheva, Gate.io Community Manager, Researcher