Altcoin trading exchange review
Altcoin Trader is a centralized exchange that occupies #204 on Guru InvestingExchange Tracker. Altcoin Trader has trading volume US$1,381,390 in the last 24 hours and US$655,829,903 in the last 7 days.
Altcoin Trader currently has 35 cryptocurrencies, 1 paper currencies and markets (cryptocurrency trading pairs).
Compare Altcoin Trader next to other exchanges here: Exchange comparison tool.
Altcoin Trader is a South African cryptocurrency exchange platform that allows users to buy and sell cryptocurrencies with fiat money. The exchange was founded in 2014 and began active operations in 2015.
Altcoin Trader implements an active KYC policy this requires users to verify their identity. The Altcoin Trader cryptocurrency exchange does not explicitly prohibit investors from any country. However, users should conduct their own analysis as to whether local authorities impose any legal barriers to trading cryptocurrency on exchanges. In addition to trading in the browser, the exchange also offers mobile trading through proprietary applications for Android, iOS and Huawei gadgets.
Markets
Altcoin Trader Spot Trading Feature allows users to instantly buy and sell cryptocurrency assets without leverage. Altcoin Trader trading pairs include crypto-crypto pairs and crypto-fiat pairs. Altcoin Trader crypto exchange supports over 30 cryptocurrencies, including popular assets such as Bitcoin, Ethereum, RippleAnd Tether. It also supports precious metals: gold and silver.
Altcoin Trader cryptocurrency exchange offers two main products: Easy purchase, sale and exchange. Easy Buy & Sell is a simple interface that allows users to buy and sell their digital assets using Fiat (ZAR).
Altcoin Traders Exchange The function is available in two versions: basic and advanced. The basic trading feature includes a simple interface with clear candlesticks that can help traders gain insight into the market they want to trade. It has Buy and Sell buttons that make buying and selling digital assets much easier. Platform order book helps match requests from buyers and sellers on the platform.
On the other hand, the advanced trading feature is suitable for more experienced traders. It has more sophisticated features that give users a deeper understanding of the markets they deal with. His order book contains various pairs for xZAR and USDT markets. The order book offers market orders that allow users to buy and sell digital assets at an affordable market price. Altcoin Trader cryptocurrency price for supported market is available on the platform. Altcoin Trader real-time trading volume for each market in the order book is also available on the platform.
The Altcoin Trader exchange fee for Makers and Takers is 0.1% of their trading value.. Altcoin Trade cryptocurrency commissions follow a flat commission model that applies the same rates to makers and takers. Additionally, the Easy Buy & Sell fee is 0.75% of the transaction value for all coins.
Depositing cryptocurrency onto the platform is free. However, there is a 0.5% fee for depositing South African Rand. The CASH or EFT fee is determined by the bank. Additionally, there is a 1.4% fee for depositing fiat funds using the OZOW payment method. When withdrawing fiat from the platform, a fee of R16 + 0.5% (maximum R95.00) is charged, and the speed of cryptocurrency withdrawal depends on the type of cryptocurrency asset.
other services
Altcoin Trader Easy to save The feature offers users another way to earn money. Asset owners list their assets for free and receive rewards without lock-in periods. All rewards are paid in coins contributed by the user.
In addition, there is Altcoin trader API which ensures integration of third-party developers. API The code provides users with specific data from the Altcoin Trader.
About company
The Altcoin Trader cryptocurrency exchange was founded in 2014 by a team of experienced programmers of the company Nospace, a South African internet company. The team was led by Richard de Souzawho cited his bad user experience on the Bitcoin exchange Mount Gox as one of the reasons why the team was convinced to create their own cryptocurrency exchange. Crypto exchange Altcoin Trader has become South Africa’s first cryptocurrency exchange. The headquarters is located in Johannesburg, South Africa.
Altcoin Trader was introduced to the public in 2015. It initially offered Bitcoin, Litecoin and Namecoin. In 2015, the platform launched its own Ethereum token, Ether (ETH). Next, zCash and Dashcoin were added. It currently offers trading of the South African Rand with over 20 cryptocurrencies.
In 2017 the platform became Africa’s second largest cryptocurrency exchange. Mainstream media attention to rising cryptocurrency prices played a role in Altcoin Trader’s increased sales volume.
In July 2019, the company announced that it would partnership with retailers in South Africa offer gold and silver trading on its platform.
In April 2019, Altcoin Trader experienced a security breach.. Their system was available for public use for 24 hours. The platform acknowledged the attack, but stated that user funds were not stolen, and all vulnerabilities were identified and fixed.
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A cryptocurrency exchange is an online platform where you can buy, sell, or trade cryptocurrencies like Bitcoin, Ethereum, and others.
Safety varies by exchange. Look for platforms with strong security measures, like two-factor authentication and cold storage for funds.
Consider factors like security, fees, available coins, user interface, and customer support.
Centralized exchanges are managed by a company, while decentralized exchanges operate without a central authority.
Many exchanges require Know Your Customer (KYC) verification for security and regulatory compliance.
Trading fees vary but typically include maker fees (for adding liquidity) and taker fees (for removing liquidity).
Yes, most exchanges offer cryptocurrency-to-cryptocurrency trading pairs.
Withdrawal times depend on the exchange and the cryptocurrency. Some are instant, while others may take hours or even days.
A wallet address is like a bank account number for cryptocurrencies. It’s required to send your crypto to the right place.
Yes, depending on your country’s tax laws, trading cryptocurrencies may have tax consequences. Consult a tax professional for guidance.
Yes, many cryptocurrency exchanges operate 24/7, allowing you to trade at any time.
A market order buys or sells at the current market price, while a limit order sets a specific price at which you want to buy or sell.
Yes, each exchange sets its own minimum and maximum trading limits, which can vary widely.
It’s not recommended. For security, it’s better to use a cryptocurrency wallet, especially for significant holdings.
Exchanges typically have account recovery processes, including password reset options and support for forgotten usernames.
Some exchanges offer insurance, but coverage can be limited. It’s essential to check an exchange’s insurance policy.
Use strong passwords, enable two-factor authentication, and be cautious of phishing scams and suspicious emails.
Yes, but it’s recommended to learn the basics of trading and understand the risks involved before you start.
Stablecoins are cryptocurrencies pegged to the value of a fiat currency like the US dollar. They provide stability and are commonly used for trading and transferring funds on exchanges.
Yes, regulations vary by country. Many countries have implemented or are considering regulations to govern cryptocurrency exchanges for consumer protection and financial stability.
