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AltCoinTrader Review

Last Updated on January 31, 2024

James Headshot
Written by
Adam Headshot
Edited by
AltCoinTrader logo
2.39
Crypto Head Rating
Our review is based on the spot trading platform. Please check our methodology on how we rate exchanges for further information.
Visit AltCoinTrader

The Bottom Line Our review is based on the spot trading platform. Please check our methodology on how we rate exchanges for further information.

AltCoinTrader stands as a crypto exchange that caters to the unique needs of the African market, offering a robust platform for engaging with a wide range of digital currencies. From its competitive fees to its user-friendly platform and strong security measures, the exchange presents itself as a significant African crypto exchange player.

The focus on providing an array of services and features underscores AltCoinTrader’s commitment to being a comprehensive hub for cryptocurrency trading.

Table of Contents
Disclaimer: This is not a validation of cryptocurrency or any particular provider, service, or product. It should not be taken as advice to engage in trading or use any services. Please check our terms and conditions.

Pros

  • Wide range of cryptocurrencies
  • User-friendly interface
  • Supports ZAR (South African Rand) fiat currency
  • Offers staking services
  • Provides a secure trading environment

Cons

  • Limited to South African users primarily
  • No margin trading available
  • Fees can be relatively high
  • Limited international presence
  • Lacks advanced trading features for professional traders

Quick Summary

Headquarters Location Johannesburg, South Africa
Fiat Currencies Supported ZAR
Total Supported Cryptocurrencies 34+
Trading Fees 0.10%
Deposit Methods Bank Transfer, Cryptocurrency, Simplex
Support Facebook, Twitter, Instagram, Help Center Articles, Support Ticket
Mobile App Yes - iOS, Android

AltCoinTrader is a prominent player in the cryptocurrency exchange landscape, providing a platform for users to engage in the buying, selling, and trading of digital currencies. With a particular focus on serving the South African market, AltCoinTrader aims to offer a seamless and secure trading experience.

AltCoinTrader homepage

As AltCoinTrader continues to solidify its presence in the cryptocurrency exchange domain, it’s essential to consider the broader context in which it operates. The exchange has not only grown in response to the increasing demand for diversified trading options but also in anticipation of the evolving needs of the digitally-savvy South African population and beyond.

By keeping a finger on the pulse of technological advancements and user expectations, AltCoinTrader positions itself to adapt and thrive in the ever-changing landscape of digital trade and finance.

About AltCoinTrader

AltCoinTrader, established as an online cryptocurrency exchange, has carved a niche within the South African crypto space. It has been facilitating trades in a wide variety of digital assets, including Bitcoin and Ethereum, as well as some so-called ‘microcap’ and ‘lowcap’ altcoins, catering to the needs of a diverse clientele.

The exchange’s history is intertwined with the exponential growth of the cryptocurrency industry over the previous half-decade, as it strives to provide financial freedom and access to life-changing speculative opportunities without promoting the allure of a get-rich-quick scheme.

AltCoinTrader features

The past narrative of AltCoinTrader is rich with milestones that mirror the shifts and turns of the cryptocurrency industry. Its inception came at a time when digital currencies were on the brink of becoming more than just an online curiosity, transitioning into a legitimate asset class recognised by consumers and investment banks alike.

The exchange has witnessed and aligned with the exponential growth of the crypto market, from the early days of Bitcoin’s surge to the present era, where coins like Shiba Inu are household names and ‘altcoin’ is no longer an obscure term. This journey has been shaped by market trends such as the proliferation of altcoins, including those with smaller market caps like the Basic Attention Token, and by industry developments, including increased regulatory scrutiny from bodies like the Securities and Exchange Commission.

AltCoinTrader has a number of active social profiles including Facebook, Twitter, Instagram, LinkedIn and YouTube.

AltCoinTrader has a mobile app on both the Apple App Store and Google Play.

AltCoinTrader Supported Cryptocurrencies

AltCoinTrader supports trading on over 34 cryptocurrencies on their platform. This exchange currently supports 17 of the top 30 market cap cryptocurrencies.

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Tether USDt (USDT)
  • BNB (BNB)
  • Solana (SOL)
  • XRP (XRP)
  • USDC (USDC)
  • Cardano (ADA)
  • Dogecoin (DOGE)
  • Avalanche (AVAX)
  • TRON (TRX)
  • Chainlink (LINK)
  • Polkadot (DOT)
  • Polygon (MATIC)
  • Toncoin (TON)
  • Shiba Inu (SHIB)
  • Uniswap (UNI)
  • Bitcoin Cash (BCH)
  • Litecoin (LTC)
  • Internet Computer (ICP)
  • Dai (DAI)
  • Immutable (IMX)
  • Aptos (APT)
  • Ethereum Classic (ETC)
  • Cosmos (ATOM)
  • Stacks (STX)
  • Filecoin (FIL)
  • NEAR Protocol (NEAR)
  • UNUS SED LEO (LEO)
  • Kaspa (KAS)

View all cryptocurrencies AltCoinTrader supports

  • ADA
  • BAT
  • BCH
  • BNB
  • BSV
  • BTC
  • BTG
  • BTT
  • COMP
  • DAI
  • DASH
  • DOGE
  • DOT
  • ETH
  • ETHW
  • FLR
  • GAS
  • LINK
  • LTC
  • MATIC
  • NEO
  • NMC
  • SGB
  • SHIB
  • SOL
  • TRX
  • USDC
  • USDT
  • WLD
  • XLM
  • XMR
  • XRP
  • XZAR
  • ZEC

Trading Experience

The trading experience on AltCoinTrader has been tailored to be user-friendly, catering both to novice traders and more experienced ones. The trading platform offers a range of tools for analysis, a selection of trading pairs, and a trading volume that supports a healthy market.

The platform’s interface is designed to streamline the trading process, offering a balance between simplicity and access to advanced trading tools.

The trading experience offered by AltCoinTrader is crafted to resonate with the requirements of various traders, from those making their first foray into the crypto markets to seasoned pros harnessing advanced trading tools. The exchange provides a platform where automated trading mechanisms can be employed, technical analysis is supported, and even the most experienced traders can find new challenges and opportunities.

The inclusion of a wide range of trading pairs, alongside essential trading conditions and instruments, signals a dedication to a trading experience that is as inclusive as it is comprehensive.

AltCoinTrader exchange marketing

AltCoinTrader Fees

Navigating the fee structure of AltCoinTrader, users can expect a system that aligns with industry standards, featuring elements such as maker fees and taker fees. The exchange has designed its fee policy to be competitive, ensuring traders can manage costs effectively while partaking in the market.

Specifics such as withdrawal fees, deposit fees, and minimum deposit requirements are in place, but typically vary based on the type of transaction and payment methods involved.

AltCoinTrader’s fee structure reflects an understanding of trading dynamics, where the costs associated with activities like deposits, withdrawals, and trading transactions are critical to user satisfaction. Their approach to fees, without diving into specifics, strives to balance competitiveness with sustainability, ensuring that the exchange can continue to offer services while enabling traders to keep a larger share of their gains.

This philosophy extends across various payment methods, from traditional bank transfers and credit card deposits to more novel payment types, catering to a wide range of user preferences.

Type Fee
Deposit Fee (Bank Transfer) 0.5% (Maximum fee of R95 per transaction)
Trading Fee 0.10%
Withdrawal Fee (Bank Transfer) R16 ZAR + 0.5% (Maximum of R95 ZAR)

AltCoinTrader supports a range of different cryptocurrencies with varying withdrawal fees. When looking at Bitcoin, their withdrawal fee is 0.00015 BTC compared to the industry average of 0.000075 BTC. So AltCoinTrader has a fee that is above the industry average by 100.00%.

Security - Is AltCoinTrader Safe?

Security on AltCoinTrader is a matter of high priority, with the exchange implementing robust measures such as two-factor authentication and cold storage for funds. The regulatory landscape within which the exchange operates also helps reinforce trust, given that adherence to rules and guidelines is paramount in ensuring the safety of users’ digital assets.

Delving deeper into the security protocols of AltCoinTrader, it becomes clear that the exchange is not just about meeting the status quo but exceeding it. The implementation of security measures is a multi-faceted endeavour, including not only the industry-standard two-factor authentication and cold storage solutions but also advanced security practices that safeguard users’ digital funds.

These include sophisticated encryption of user data, ongoing security audits, and a proactive approach to addressing potential vulnerabilities. Such rigorous security efforts are paramount in an industry where the risks are as real as the opportunities.

AltCoinTrader Customer Support

Customer support at AltCoinTrader is structured to address queries and concerns effectively, with a team ready to assist users through multiple channels. The platform ensures that traders can get the help they need, whether it’s through a detailed FAQ section, direct support via email address, or other dedicated channels, contributing to a positive overall user experience.

In the often-slippery world of cryptocurrency trading, robust customer support can be the lifeline that users cling to. AltCoinTrader recognises this and has structured its customer support to guide users in making informed investment decisions, providing assistance through a step by step guide for novices, and insightful anecdotes for the more experienced.

The platform’s support infrastructure is designed to ensure that help is just an email address or link away, aiding users in navigating the plethora of life-altering financial opportunities with the right level of risk tolerance.

AltCoinTrader support

AltCoinTrader Support Channels

  • Facebook
  • Twitter
  • Instagram
  • Live Chat
  • Help Center Articles
  • Support Ticket

How to Sign Up on AltCoinTrader

  1. Create Account - Visit the AltCoinTrader website and fill out the create account form. You'll need to include a valid email, set your password and type in other details like your phone number and name.
  2. Verify Account - Confirm your email, you should get an email asking you to verify your account creation.
  3. Transferring Funds - Once your account has been verified, you'll be able to deposit using the deposit methods listed below.
  4. Start Trading Crypto - That's it! You should now have everything in place to start trading.

Deposit Methods

  • Bank Transfer
  • Debit Card
  • Credit Card
  • Cryptocurrency
  • Paypal
  • Apple Pay
  • Google Pay
  • Simplex

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Final Thoughts

When considering the offerings of AltCoinTrader, it’s essential to reflect on the exchange’s commitment to facilitating a fair and accessible trading environment. The platform’s dedication to integrating a variety of digital currencies and providing several trading features is indicative of its mission to serve the ever-growing demands of the cryptocurrency market.

AltCoinTrader FAQs

AltCoinTrader, like any cryptocurrency exchange, implements various security measures to protect its users’ accounts and funds. These typically include two-factor authentication (2FA), SSL encryption, and cold storage for a majority of user funds.

However, as with any online platform, there is always a risk associated with holding or trading assets, so users are encouraged to exercise caution and use good security practices.

AltCoinTrader is a South African cryptocurrency exchange, and as of the last update, it was founded by Richard de Sousa, who is a prominent figure in the South African cryptocurrency space.

AltCoinTrader works with several South African banks to facilitate fiat deposits and withdrawals. The specific banks AltCoinTrader uses can vary, and users are recommended to check the latest information directly on their platform for the most accurate and current banking partnerships.

The withdrawal time from AltCoinTrader can vary depending on the method and the underlying bank processing times. Fiat withdrawals to South African banks typically take 1-2 business days, but processing times can vary and users should check for any updates or changes on the AltCoinTrader platform.

AltCoinTrader charges various fees for trading and transactions on their platform. These fees can include trading fees, deposit fees, withdrawal fees, and possibly others.

The fee structure is subject to change, and users should refer to the AltCoinTrader website for the most current fee schedule.

The maximum withdrawal limit on AltCoinTrader can depend on the user’s account level, which is usually determined by verification status and other factors. Limits can be updated by the exchange, so users should consult the AltCoinTrader website or customer support for the most current information on withdrawal limits.

Users can fund their AltCoinTrader account by making a bank transfer (EFT) if they are depositing fiat currency, or by transferring cryptocurrency from another wallet to their AltCoinTrader wallet. The process for each method is outlined on the AltCoinTrader platform, where step-by-step instructions are provided.

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Methodology

At Crypto Head we use a rigorous research and rating process to assess each platform. Our star rating system is out of 5 stars and is designed to condense a large amount of information into an easy-to-understand format. You can read our full methodology and rating system for more details.

About The Authors

James Headshot
Written by

Crypto Technical Writer

James Page, previously the lead writer at Crypto Head and a registered psychologist, brings a unique perspective to the world of blockchain and cryptocurrency.

His extensive experience in the industry and ability to present complex concepts in an understandable manner make his articles a valuable resource for readers seeking to navigate the ever-evolving crypto landscape.

Check James out on:
Adam Headshot
Edited by

Co-Founder / Managing Editor

Adam Morris, the co-founder of Crypto Head and a respected crypto expert, offers insightful commentary and analysis on cryptocurrency, NFTs, and the evolving digital landscape.

His extensive experience and features in top-tier publications like Forbes and CNN underscore his deep understanding of the crypto world and its future potential.

Check Adam out on: