Altcoin trading is a liquidity problem before it is a listings problem. Any venue can list two thousand tokens; few can fill a $5,000 order in one of them without moving the price.
This list weights listing breadth and realised liquidity together, and treats a long catalogue with empty books as the liability it is.
| Exchange | Score | Spot taker | Futures taker | Best for | Open account |
|---|---|---|---|---|---|
1BinanceThe deepest order books in crypto, with the widest product range. | 8.7 | 0.075%after discount | 0.05% | altcoins, futures | Open account |
2BybitA derivatives-first exchange that grew into a full-service platform. | 8.4 | 0.1% | 0.055% | futures, copy-trading | Open account |
3BitgetThe copy-trading specialist with a large protection fund. | 8.0 | 0.1% | 0.06% | copy-trading, altcoins | Open account |
4MEXCThe cheapest fees and the longest listing tail, with the trade-offs that implies. | 7.6 | 0.05% | 0.02% | low-fees, altcoins | Open account |
5KuCoinThe altcoin exchange that grew up, slowly. | 7.5 | 0.08%after discount | 0.06% | altcoins, low-fees | Open account |
Top of this ranking
The deepest order books in crypto, with the widest product range.
A derivatives-first exchange that grew into a full-service platform.
The copy-trading specialist with a large protection fund.
A new listing is the riskiest moment in an asset’s life: thin books, wide spreads and a high share of the supply held by insiders. Size accordingly.
Because each order book is separate. Thin books drift from each other until arbitrage closes the gap, and on small caps that can take a while.
Other rankings
Guides
A practical filter for picking an exchange: availability first, then custody, then cost — in that order.
Maker and taker fees, spreads, funding rates and withdrawal costs — what each one actually takes out of your account.
The signup, verification and first-deposit process end to end, including the security steps to take before you fund the account.
Tools and reference
Security and reputation inputs, side by side
Maker/taker, spread, slippage, proof of reserves and more