Altcoins Trading: Where to Buy in the Asia Pacific?

Altcoin trading is booming across the globe. Get a glimpse of top altcoins and the crypto platforms to buy altcoins from Asia Pacific regions.

 

Key Takeaways

  • Altcoins are the cryptocurrencies alternative to Bitcoin. Mining-based coins, stable coins, security tokens, and digital tokens are the four types of altcoins.

  • Top altcoins in 2021 are Ethereum (ETH), Binance Coin (BNB), Cardano (ADA), Tether (USDT), Solana (SOL), Ripple (XRP), etc. Solana is the top-performing altcoin for the past few months.

  • XanPool facilitates users to buy cryptocurrencies through their local payment methods using local currency. It is a crypto payment gateway software solution and makes onboarding and offboarding cryptocurrencies simple and quick.


Altcoins Trading: Where to Buy in the Asia Pacific?

Altcoin trading is trending in the cryptocurrency sphere with widespread adoption across the world including developing countries. To successfully trade altcoins and leverage the volatility to make profits, it is important to follow proper strategies by analyzing the market. Thorough market research, technical or fundamental analysis, it can help investors avoid losing their hard-earned money.


What are altcoins?

All cryptocurrencies other than Bitcoin are called “Altcoins”. They act as alternatives to the oldest cryptocurrency, Bitcoin. Thus, the altcoin is formed by combining “alternative” and “coin”. Thousands of altcoins are available in the market today. Some of them are invented following the footsteps of Bitcoin but they are unique in their ways.


Altcoins fall in different categories such as mining-based coins, stablecoins, security tokens, utility tokens, etc. Each altcoin functions according to its own set of rules. Some altcoins are created to enhance the features of Bitcoin. Utility tokens provide access to a project’s product or services while security tokens represent ownership of the asset or project.


Top altcoins based on market capitalization

Here are of the altcoins that are performing well in 2021


Ethereum (ETH)

Ethereum is the second-largest cryptocurrency and its coin is called Ether. Ether was priced at USD $2.77 in 2015 and reached an all-time high value of USD $4,362.35 in 2021. According to CoinMarketCap, the total market capitalization is around USD $394 billion as of October 2021, trading close to USD $3,000.


Binance Coin (BNB)

BNB is issued by the Binance exchange as a utility token and is based on the Ethereum blockchain. It is also used for fee payment in the Binance exchange. During the ICO of BNB, each coin was sold at 15 cents. At the time of writing, one BNB is priced at nearly USD $400 and the total market cap is USD $70 billion.


Cardano (ADA)

Cardano is an altcoin built by the co-founder of Ethereum, Charles Hoskinson in 2017. It was designed as a sustainable and scalable blockchain to minimize the dependency on energy-extensive crypto miners. As of October 2021, Cardano is trading for more than USD $2 and the total market cap is USD $69 billion.


Tether (USDT)

Tether is a cryptocurrency with tokens issued by Tether Limited in 2015. As it is pinned to the US Dollar, it is a perfect example of stablecoins. Tether was designed to be always worth USD $1. The token is largely used to improve the liquidity in exchanges and other crypto trading platforms.


Solana (SOL)

Solana is the top-performing cryptocurrency in 2021. This altcoin is built for speed and it can execute 50,000 transactions per second (TPS), significantly greater than TPS of ETH and BTC. The coin also charges ultra-low fees for its transactions. The value of one SOL is worth more than USD $160 and the total market cap is USD $49 billion as of October 2021.


Ripple (XRP)

XRP is the native cryptocurrency for the products developed by Ripple Labs Inc. It is used for payment settlement, asset exchange, and remittance systems for international money transfers. One XRP token is worth around USD $1 with a total market cap at USD $48 billion as of October 2021.


Other popular altcoins are Polkadot, Dogecoin, USD coin, ChainLink, Litecoin, Bitcoin Cash, Polygon, Uniswap, etc.


Where to buy altcoins in APAC?

Choosing a good crypto platform is just as important as analyzing the market while investing in cryptocurrencies. We have listed some of the best platforms to buy altcoins for crypto enthusiasts living in the Asia Pacific countries.


XanPool

XanPool platform facilitates buying and selling cryptocurrencies seamlessly. It is a fiat-to-cryptocurrency solution, making onboarding and offboarding cryptocurrencies easy and fast for the users. Users can buy or sell altcoins instantly on XanPool with the lowest possible fees available on the market.


Available in Asian countries like Singapore, Hong Kong, India, Indonesia, Malaysia, Philippines, Thailand, Vietnam, Australia, Korea; users living in these countries can buy altcoins directly using local payment methods. The registration and identity verification processes are easy and quick.


Bybit

Bybit is a smart and intuitive crypto trading platform. It is a fiat gateway and allows users to buy Bitcoin and other altcoins with more than 40 types of fiat currencies. It is a beginner-friendly platform to buy altcoins for the first time and doesn’t need any technical skills to register and start buying cryptocurrencies.


Users need to log in to their verified Bybit account and open a fiat gateway to purchase cryptocurrencies. Bybit allows users to make payments via electronic fund transfers, credit or debit cards, and cash deposits to buy altcoins. The process usually takes a few minutes to complete buying cryptocurrencies.


OKEx

OKEx is a cryptocurrency exchange platform with multiple payment options. It is supported in more than 200 countries and also provides some exciting offers for new users. Users can buy cryptocurrencies instantly in a secure way using OKEx.


OKEx allows both beginners and advanced users to trade cryptocurrencies easily. After creating an account on the OKEx platform, users need to log in and select buy/sell to start trading cryptocurrencies. The platform allows users to buy and sell crypto in three different methods. They are quick trade, P2P trade, and block trade. Users can buy crypto coins with their credit cards instantly on the OKEx platform.


Trezor

Trezor is a cryptocurrency wallet that provides top-notch security for users’ crypto holdings. As it is a multi-currency wallet, users can store a variety of cryptocurrencies. The private key or seed phrase of users is kept offline by the Trezor hardware wallet which makes it resistant to any external hacks. Trezor’s hardware wallet is the best option for users who want to store a majority of cryptocurrencies for a long period.


The desktop version of the Trezor suite is also available for users to buy cryptocurrencies. They can buy, exchange, or spend cryptocurrencies using the desktop app in a secure environment. The functionality of Trezor’s desktop wallet is superior and the web interface is feature-packed as well as user-friendly. The platform enables users from Asian countries to buy cryptocurrencies in their local payment methods, using their local currency through the crypto payment gateway, XanPool.


Start with altcoins that you're interested in

The number of users trading altcoins has grown exponentially when the pandemic hit, from countries all over the world. Conducting detailed research and understanding the market are important before starting to invest. Additionally, a reliable crypto trading platform is essential for a better trading experience.