South Africa
|5-10 years
Suspicious Regulatory License|
Medium potential risk
https://www.altcointrader.co.za/
Website
Influence
A
Influence Index NO.1
South Africa 7.93
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It has been verified that this Exchange currently has no valid regulation, please be aware of the risk!
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Aspect | Details |
Year of Foundation | 2015 |
Regulation Status | Not regulated |
Supported Cryptocurrencies | Over 100, including Bitcoin, Ethereum, Litecoin, Dogecoin, and Cardano |
24-hour Trading Volume | $10 million |
Trading Fees | 0.1% for all types of coins 0.75% for Easy Buy and Sell |
Customer Support Channels | Email, Live Chat, Phone |
AltCoinTrader, founded in 2015, is an unregulated South African cryptocurrency exchange. It supports 100+ cryptocurrencies including Bitcoin, Ethereum, Litecoin, Dogecoin, and Cardano. The platform reports a $10 million daily trading volume, charging 0.1% for makers and 0.2% for takers. Customer support is available via email, live chat, and phone.
Pros of AltCoinTrader:
Cons of AltCoinTrader:
AltCoinTrader is unregulated, it means the platform operates without oversight from financial authorities. This can bring risks:
User Feedback and Evaluation:
Enhancing Security Practices:
Personal Responsibility:
AltCoinTrader offers a selection of trading products primarily focused on cryptocurrencies. The two trading products mentioned are XZAR (South African Rand) and USDT (Tether). This indicates that users on AltCoinTrader have the opportunity to trade these cryptocurrencies against each other. The inclusion of XZAR suggests a focus on the South African market, allowing users to engage in cryptocurrency trading with their local fiat currency. USDT, being a stablecoin pegged to the US Dollar, provides a stable trading pair for those seeking a more predictable value in their trades amid the volatility of the cryptocurrency market. While the available trading products might be limited compared to some other platforms, it caters to users interested in these specific digital assets.
The information highlights AltCoinTrader's diverse cryptocurrency offerings, including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), among others. However, it lacks specific details about the platform's cryptocurrency price fluctuations.
Cryptocurrency prices can differ across exchanges due to factors like demand, trading volume, and liquidity. Traders should stay informed about market trends and research well before making trading choices.
Aside from cryptocurrency trading, no other AltCoinTrader products or services are mentioned. To learn more, traders should refer to the official website or directly contact AltCoinTrader for additional information.
AltCoinTrader goes beyond trading, offering extra features to enhance the user experience. They keep users updated with Site News, ensuring transparency. In the Media indicates a strong media presence, boosting visibility. A Blog provides insightful content about cryptocurrency and trading trends. Airdrops & Giveaways show AltCoinTrader's commitment to user interests, rewarding loyalty and attracting new traders. These features reflect a customer-centric approach and create a positive trading environment.
1. Access the Website: Visit the AltCoinTrader website and locate the “Register” or “Sign Up” button.
2. Fill Registration Form: Input your personal details, including name, email, and password, into the registration form.
3. Email Verification: Verify your email address by clicking on the link sent to your email after registration.
4. Additional Information: Provide any required extra details, such as address and phone number.
5. Identity Verification: Complete identity verification or KYC (Know Your Customer) procedures if needed. This might involve submitting documents.
6. Account Activation: After verification, log in to your account and start trading cryptocurrencies on the AltCoinTrader platform.
1.Log in your AltCoinTrader account with your email address and your password.
2. On the markets tab, select the Cryptocurrency you would like to buy in this case it would be Bitcoin.
3. In the “Buy” block, enter the amount of Bitcoin you would like to buy in the “Amount” field, enter the price you would like to pay for a full bitcoin in the price field, the total amount you will pay will be displayed in the “totals” field. To complete your purchase click on the buy button, a popup will appear for you to confirm your order, press the confirm button to place your order.
4. Confirm your buy order once you have checked the details on the pop-up that will appear.
5. If your order does not execute immediately please check in the “My Current Buy Offers” block. Orders may not reflect immediately if you change the price field as you will have to wait for somebody to be selling the Altcoin at the price you have entered.
Trading Fees:
Easy Buy & Sell Fee:
In summary, AltCoinTrader's trading fees include a standard 0.1% fee for all coins traded and an extra 0.75% fee for Easy Buy and Sell transactions. It's essential for traders to consider these fees when planning their trading activities on the platform.
Deposit and Withdrawal Options:
Processing Time Information:
Consult Official Sources:
Educational Resources and Community Support:
Importance for Traders:
Office Hours:
Telephone:
Email:
These contact details offer different ways to get in touch with AltCoinTrader during their office hours for any questions or assistance you might need.
AltCoinTrader stands out as an ideal platform for **Flexibility Seekers.** The exchange's diverse range of cryptocurrencies and flexible deposit/withdrawal options caters to traders who value versatility in managing their funds. This flexibility makes AltCoinTrader well-suited for those who seek a seamless experience in adapting their trading strategies and financial operations. Whether you're a beginner exploring different assets, an enthusiast interested in diverse cryptocurrencies, or an experienced trader implementing intricate strategies, AltCoinTrader's adaptability makes it a valuable choice for those who prioritize flexibility in their trading journey.
Target Audience and Suitability:
• Beginner Traders: AltCoinTrader is fitting for beginners due to its extensive cryptocurrency options, allowing them to gain experience without changing platforms.
• Cryptocurrency Enthusiasts: It's attractive to enthusiasts interested in diverse cryptocurrencies beyond Bitcoin and Ethereum.
• Experienced Traders: Experienced traders can benefit from AltCoinTrader's range of altcoins to execute strategies.
• Flexibility Seekers: The platform's deposit and withdrawal options suit traders who want flexibility in fund management.
Research and Evaluation:
Features | ||||
Trading Fees | 0.1% for all types of coins 0.75% for Easy Buy and Sell | Maker: 0.04%, Taker: 0.075% | Maker: 0.05% - 0.1%, Taker: 0.1% - 0.5% | Up to 0.40% maker fee and up to 0.60% for taker fee |
Cryptocurrencies | 100+ | 500+ | 11 | 200+ |
Regulation | Not regulated | Regulated by NMLS, MAS/FinCEN (Exceeded) | Regulated by FSA ( Japan), NMLS, CSSF, DFI, NYSDFS | Regulated by NMLS , FCA, NYSDFS, SEC (Exceeded), FINTRAC (Exceeded) |
Q1: How do I create an account on AltCoinTrader?
A1: To create an account, visit the AltCoinTrader website and click “Register” or “Sign Up.” Fill in your details, verify your email, and complete any required identity verification.
Q2: What cryptocurrencies can I trade on AltCoinTrader?
A2: AltCoinTrader offers a wide range of cryptocurrencies including Bitcoin, Ethereum, Litecoin, Ripple, and more.
Q3: How are trading fees calculated on AltCoinTrader?
A3: AltCoinTrader charges a maker fee of 0.1% and a taker fee of 0.2% based on the role you play in the trade.
Q4: Does AltCoinTrader offer educational resources for traders?
A4: The information doesn't mention specific educational resources; however, it's advisable to check their official website or contact support for details.
Q5: Is AltCoinTrader regulated?
A5: AltCoinTrader operates without specific regulatory oversight, which can impact security and user protection. Always be cautious when trading on unregulated platforms.
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