Where To Buy Altcoins?
Want to know where to buy altcoins? There are a few different ways including exchanges, a DEX, or via apps/Dapps.
Here are a few different platforms for buying Altcoins:
Not all exchanges are equal and there is a large amount of variation between the different types of services, but there are numerous ways one can obtain the latest low cap gem or moonshot.
With thousands of projects on offer and hundreds of exchanges available, knowing where to buy altcoins and meme coins can be a very profitable and lucrative endeavor when done correctly.
Let’s look into the varying competition on offer:
The aim of the app and the community as a whole is to bridge the gap between simplicity and crypto for the average user, while also giving projects the opportunity to promote themselves organically through proven SEO strategies like cross platform click-funnels, driving traffic to the site of the project and away from money-hungry exchanges.
Using these proven techniques, Altbase has a unique ability to not only list projects that are not available on many other exchanges but to also drive new users to the projects they list every day. This service in itself is something other exchanges have not offered in the past for growing cryptocurrency projects, and is just one piece of what sets this rapidly-growing community project apart from the rest of the exchanges and apps available.
Unlike a lot of decentralised exchanges, the 100x Community Team vets projects onboarded to the app thoroughly, checking the legitimacy of projects to protect investors and their investments in the altcoin market, a well welcomed approach.
Altbase makes buying, swapping, sending and receiving altcoins extremely effortless to more people in more places, almost anywhere you can take your mobile device, you can trade cryptocurrencies and altcoins.
Binance, taking the top spot in terms of trading volume, has been at the forefront of cryptocurrency for a while now. They have a vast array of services available with everything from staking and pools to spot trading and leverage trading.
Due to the imposition of requirements by the FCA, Binance is not allowed to operate any regulated activity in the UK, whereas Binance for US customers is heavily restricted with several states like New York, Texas, Hawaii, Idaho, Louisiana and Vermont not able to access Binance at all.
The US version of Binance limits the available cryptocurrencies to 50 from the international versions over 500 available, has much less liquidity and significantly lower trading volumes.
Pancake Swap is easily one of the most popular decentralised exchange (DEX) platforms in 2021 and has seen a huge increase in its user base over recent months.
Running on the Binance Smart Chain, Pancakeswap has seen a massive increase of use over recent months due to the explosive increase of BEP-20 tokens and increased users on the BSC, with 2.6 million active users at present.
Using $CAKE as its native token, staking, yield farming, lotteries and governance protocols are all available via the Pancakeswap ecosystem.
However 'Scam Coins' and 'Rug Pulls' have run rampant in recent months and have left a sour taste in a lot of traders' mouths in regards to the current market standards for altcoins.
Due to the ease of BEP-20 token creation, almost anybody can create a token and list this project on Pancakeswap fairly cheaply and easily with some basic online guides and instructions.
Coinbase is another very popular centralised exchange and ranks number two in the US and although popular, international support is still rather restricted with support for only 40 countries able to use the service at present but that list is still growing.
Coinbase also supports a much smaller selection of cryptocurrencies on offer with only 100 of the top cryptocurrencies available but in doing so makes the process easy and provided you are in a supported country, uses fiat via debit card.
When wanting to know where to buy altcoins, using decentralized exchanges like Pancakeswap and other DeFi services especially, it is highly advisable to do extensive research before investing anything.
For larger exchanges, unfortunately for the avid altcoin hunter, finding the next low cap altcoin gems and moonshots can be difficult to find. Due to higher listing prices for projects, the amount of variety on these services leaves a lot of projects unnoticed to the average trader.
Watch this space with the 100x-Altbase App - The listings are coming in fast, the community is growing rapidly and behind this app are driven developers that have big plans for the service
The app has been predominantly Android and available via the Google Play Store but a recent release of an iOS version has been made available for download on the Apple App Store.