- The term "altcoin" refers to all Bitcoin alternatives and is a portmanteau of "alternative" and "coin".
- Stablecoins, mining-based cryptos, utility tokens and security tokens are just a few of the most common forms of altcoins.
- The crypto wave is presently engulfing Australians as more individuals are joining the race to trade not just Bitcoins but also altcoins.
The term "altcoin" is a portmanteau of "alternative" and "coin" and refers to all Bitcoin alternatives. Stablecoins, mining-based cryptos, utility tokens and security tokens are just a few of the most common forms of altcoins.
The crypto wave is presently engulfing Australians as an increasing number of individuals are joining the race to trade not just Bitcoins but also altcoins. In Australia, many crypto exchanges are available that offer trading in altcoins. However, a few have emerged as the finest crypto exchanges for trading altcoins, and we will explore them in this article.
In Australia, purchasing altcoins or Bitcoins might be a challenging task for Aussies. Digital Surge has emerged as one of the finest Aussie crypto exchanges for resolving concerns related to crypto trading.
Digital Surge believes cryptocurrency is more than simply a technology; it's a revolutionary movement that is transforming the globe.
If you are seeking the most secure and convenient way to purchase altcoins in Australia, Digital Surge might be a good fit because of its minimal fees, competitive spreads, and personalised customer service. Users may trade on a range of altcoins, including Dogecoin, OmiseGO, Nano, etc., thanks to Digital Surge's user-friendly interface.
In addition, Digital Surge is the quickest and safest platform to sell your altcoins for cash. Swapping and exchanging altcoins is also easier than ever with Digital Surge.
In Australia, Swyftx is another useful cryptocurrency exchange that offers all you need at one platform.
There are over 280 cryptocurrencies listed on the Swyftx crypto exchange, so there are multiple options if you want to invest in altcoins. Swyftx accepts a wide range of fiat currencies, including the USD, NZD and the AUD, so you may start trading instantly after depositing money from the bank account. Moreover, the exchange allows users to purchase altcoins using debit and credit cards.
Swyftx is built with the intention to help intermediate investors and newbies get started with different cryptos. Trading altcoins is a breeze with a customisable dashboard that can be adapted to any investor's preferences.
The company’s feature-rich platform, which caters to all types of investors, is one of its most intriguing aspects, with features such as speedy AUD withdrawals and deposits, price alerts, portfolio tracking, and recurring orders.
Swyftx offers some of the lowest affordable trading fees. There is a 0.6% trading fee and a 1.7% spread charge to purchase and sell cryptos. Swyftx's overall trading fees are affordable when compared to exchanges' average spreads of 4%.
Coinspot, which was formed in 2013, has established itself as a top crypto exchange with over 2 million users. The exchange was made specially to help crypto novices purchase crypto in Australia using the AUD.
The exchange is suitable for altcoins trading. Coinspot is considered as one of the most secure platforms, with bank-like security features to safeguard the information of its users. Coinspot has been certified by Sci Qual and Blockchain Australia to ensure the safety and security of crypto transactions. 2FA (two-factor authentication) has been enabled on the platform to add an extra layer of security to the Coinspot account.
In addition, Coinspot accepts BPAY, POLI, PayID and cash deposits as payment options.