Pros
Cons
Quick Summary
| Headquarters Location | Johannesburg, South Africa |
|---|---|
| Fiat Currencies Supported | ZAR |
| Total Supported Cryptocurrencies | 32+ |
| Trading Fees | 0.1% |
| Deposit Methods | Bank Transfer, Cryptocurrency, Simplex |
| Support | Facebook, Twitter, Instagram, Help Center Articles, Support Ticket |
| Mobile App | Yes - iOS, Android |
AltCoinTrader stands out in the cryptocurrency exchange landscape by providing users with an accessible platform for buying, selling and trading digital currencies. Particularly focused on South African market requirements, AltCoinTrader strives to deliver an efficient yet secure trading experience.
AltCoinTrader continues to establish itself in the cryptocurrency exchange space, making a name for itself in South African society and beyond. Not only has the exchange expanded due to increased trading options demand but it has also anticipated needs that arise through digitalization in South Africa and elsewhere.
AltCoinTrader ensures it remains on top of technological developments and user expectations to adapt and prosper in an ever-evolving digital trade and finance landscape.
About AltCoinTrader
AltCoinTrader, established as an online cryptocurrency exchange, has made waves within South African cryptospace. Offering trades in an array of digital assets – Bitcoin and Ethereum as well as some lesser known altcoins considered microcaps or lowcaps – to meet clientele demands.
History has forever linked CoinEx with the exponential expansion of the cryptocurrency industry over the last five years, as its founders strive to provide financial freedom and access to life-altering speculative opportunities without encouraging an “get rich quick” mindset.
AltCoinTrader’s history is punctuated with significant milestones that reflect the evolution of cryptocurrency industry. When AltCoinTrader was launched, digital currencies were on the cusp of becoming more than mere online toys; becoming legitimate assets recognised by consumers and investment banks alike.
The exchange has witnessed and contributed to the dramatic expansion of the crypto market since Bitcoin’s initial surge, from early days when altcoins like Shiba Inu were just emerging to their current status as household names and altcoin no longer an obscure term. This journey has been marked by market trends like altcoin proliferation – particularly those with smaller market caps like Basic Attention Token – as well as industry developments including greater regulatory scrutiny from bodies like 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 32 cryptocurrencies on their platform. This exchange currently supports 16 of the top 30 market cap cryptocurrencies.
Download full list of cryptocurrencies AltCoinTrader supports
Trading Experience
AltCoinTrader was designed with user experience in mind, providing both novice and more seasoned traders an enjoyable trading experience. The platform includes tools for analysis as well as an array of trading pairs and volumes that support healthy markets.
The platform’s interface has been carefully created to facilitate trading processes efficiently while offering both ease-of-use and access to sophisticated trading tools.
AltCoinTrader provides a tailored trading experience that meets the requirements of different traders – from those just getting started in crypto markets to experienced traders utilizing advanced trading tools. Its platform supports automated trading mechanisms and technical analysis while even experienced traders may discover new challenges and opportunities here.
By offering an expansive range of trading pairs and conditions/instruments, as well as essential conditions and instruments, eToro demonstrates its dedication to offering an experience that is both inclusive and comprehensive.
AltCoinTrader Fees
Users navigating AltCoinTrader’s fee structure will find an approach that aligns with industry standards, with elements like maker and taker fees being introduced into their exchange policy to make costs manageable while participating in the market.
Specific withdrawal fees, deposit fees and minimum deposit requirements exist depending on the transaction and payment methods involved.
AltCoinTrader’s fee structure demonstrates an understanding of trading dynamics, where activities such as deposits, withdrawals and trading transactions have an effect on user satisfaction. Their approach to fees seeks a balance between competitiveness and sustainability that ensures AltCoinTrader continues offering services while still enabling traders to retain more of their gains.
This philosophy applies across various payment methods, ranging from traditional bank transfers and credit card deposits to alternative forms that meet different user preferences.
| Type | Fee |
|---|---|
| Deposit Fee (Bank Transfer) | 0.5% (Maximum fee of R95 per transaction) |
| Trading Fee | 0.1% |
| 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 0.00012348 BTC. The average across all other exchanges that we've reviewed is 0.000378 BTC. This means AltCoinTrader charges below the industry average by 67.34%.
Security - Is AltCoinTrader Safe?
AltCoinTrader places security as its highest priority, employing robust measures such as two-factor authentication and cold storage of funds to maintain trust between its members and itself. Adherence to rules and guidelines helps further ensure the protection of users’ digital assets.
Unveiling AltCoinTrader’s security protocols reveals an exchange that goes far beyond meeting industry-standard two-factor authentication and cold storage solutions – instead going beyond them by employing advanced measures that protect users’ digital funds.
Implementation of stringent security efforts is paramount in an industry with numerous risks and opportunities alike. These initiatives include encryption of user data, audits conducted regularly, and proactivity with regard to potential vulnerabilities.
AltCoinTrader Customer Support
AltCoinTrader customer support is designed to respond swiftly and effectively to user inquiries and concerns, with an experienced team available via multiple channels to offer help and guidance. From an extensive FAQs section and email addresses directly, to other direct channels dedicated for trader assistance – AltCoinTrader ensures traders get what they need to have a positive user experience overall.
AltCoinTrader recognizes this and has designed their customer support to assist users in making informed investment decisions; with an easy step-by-step guide available for novice traders as well as expert analysis from more seasoned traders.
Support infrastructure on this platform has been designed to offer assistance whenever it is needed, helping users navigate life-altering financial opportunities with an appropriate level of risk tolerance.
AltCoinTrader Support Channels
How to Sign Up on AltCoinTrader
- 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.
- Verify Account - Confirm your email, you should get an email asking you to verify your account creation.
- Transferring Funds - Once your account has been verified, you'll be able to deposit using the deposit methods listed below.
- Start Trading Crypto - That's it! You should now have everything in place to start trading.
Deposit Methods
AltCoinTrader Alternatives
Binance
Total Supported Cryptocurrencies
395+
Trading Fees
0.10%
Fiat Currencies Supported
USD, GBP, CAD, EUR, NZD + 75 others
Kraken
Total Supported Cryptocurrencies
286+
Trading Fees
0.08% - 0.40%
Fiat Currencies Supported
USD, AUD, GBP, CAD, EUR + 1 other
OKX
Total Supported Cryptocurrencies
336+
Trading Fees
-0.005% - 0.10%
Fiat Currencies Supported
USD, AUD, GBP, CAD, EUR, NZD + 85 others
Final Thoughts
AltCoinTrader stands out as a cryptocurrency exchange by being committed to creating an accessible trading environment, including providing a variety of digital currencies and trading features that meet the ever-expanding demands of cryptocurrency trading.
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.
AltCoinTrader User Reviews
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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 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.
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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.
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