AltCoinTrader Review 2024
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $1
- TradingView Basic
- Only one fiat – ZAR, pairs with the most popular cryptocurrencies and coins, no investment solutions and referral program, very basic version of the trading platform, application for Huawei, exchange services, low fixed fees
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $1
- TradingView Basic
- Only one fiat – ZAR, pairs with the most popular cryptocurrencies and coins, no investment solutions and referral program, very basic version of the trading platform, application for Huawei, exchange services, low fixed fees
Our Evaluation of AltCoinTrader
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
AltCoinTrader is a cryptocurrency exchange with higher-than-average risk and the TU Overall Score of 3.18 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by AltCoinTrader clients on our website, Traders Union expert Anton Kharitonov recommends users to consider a more reliable broker with better conditions, as, according to reviews, many clients of this broker are not satisfied with the company’s work.
AltCoinTrader cryptocurrency exchange is a standard trading platform offering many crypto-crypto and crypto-fiat pairs. The benefits include low trading fees, easy exchange service, and simple functionality of the platform. The exchange has mobile applications that are described as highly stable. The platform is designed for active trading, so it does not have referral programs and investment options. The orders are executed quickly and all of the main deposit/withdrawal options are available. There are minimum limitations on the platform (for example, there is no minimum deposit). The security of users’ funds and data is ensured by the state-of-the-art methods.
Brief Look at AltCoinTrader
AltCoinTrader cryptocurrency exchange is a young and progressive South African platform with good trading conditions. It offers access to trading the majority of popular cryptocurrencies and coins, including Bitcoin, Bitcoin Cash, Bitcoin Gold, Ethereum, Ripple, Tether and others. The South African rand (ZAR) is the only available fiat currency, as the platform is primarily targeted at this region. However, the exchange has no restrictions for the residents of other countries with traders from different parts of the world trading there. The exchange offers low trading fees and TradingView Basic as the trading platform. In addition to trading in the browser, mobile trading is available in proprietary apps for Android, iOS and also Huawei gadgets. In addition to trading, there is an easy exchange service (Easy Buy & Sell). The exchange does not have investment offers or a partnership program.
- All most popular cryptocurrencies and tokens are available, deposit in fiat money is available;
- The platform has low trading fees at 0.1% regardless of the client’s trading volume;
- In addition to the trading platform, there is a service of easy exchange of cryptocurrencies and coins;
- The platform is very simple, user-friendly with intuitive interface;
- The exchange uses SSL certificate, protection against DDoS attacks and other state-of-the-art means of security;
- The exchange does not have a minimum deposit requirement, regional restriction or limitations for trading strategies;
- The exchange has a Help Center featuring information on the basis of crypto trading and working with the TradingView platform.
- no other fiat money, except for the South African rand;
- no passive income options.
TU Expert Advice
Financial expert and analyst at Traders Union
AltCoinTrader is one of the youngest exchanges in the market. It was launched in 2015. The platform is targeted at the South African traders, which is evidenced by availability of only one fiat currency – South African rand. However, traders of different levels from all around the world use the platform to trade, as the exchange sets no regional limitations and offers very good conditions.
As for the real benefits, experts note truly low fees, and not only on trading transactions. For taker/make, the trading fee is fixed for all assets at 0.1%. There are no trading levels at the exchange. There is no deposit fee, and the withdrawal fee is average in the market. For example, the withdrawal fee on Bitcoin is 0.00057 BTC.
The platform does not have its own token, the platform’s infrastructure is supported through high trading volume and stable inflow of new users.
As of now, the exchange has not yet introduced a referral program and loyalty program. However, it is highly possible that these solutions will be introduced in the future, as well as investment programs.
The platform is comfortable for experienced traders thanks to a large number of trading instruments and low fees. The benefits for the beginners include the same low fees and no minimum deposit requirement. The exchange is not suitable only for investors. No other conceptual drawbacks were discovered. There have been no hacks of the platform, fraud or failure to execute obligations by the exchange. However, there is also no information about its license.
- You prefer an easy exchange service. AltCoinTrader offers a straightforward exchange process, allowing users to convert cryptocurrencies effortlessly without encountering complex procedures.
- You value mobile accessibility. AltCoinTrader provides stable and reliable mobile applications, enabling users to trade cryptocurrencies on the go. These mobile apps are designed for convenience, ensuring that traders can manage their portfolios and execute trades anytime, anywhere.
- You are concerned about high fees for fiat deposits. While AltCoinTrader maintains low trading fees, it imposes relatively high fees for fiat deposits made via debit/credit cards or local bank transfers.
- You require standout tools or unique features, as AltCoinTrader lacks distinctive tools or advanced trading functionalities that cater to traders seeking innovative features for enhanced trading experiences.
AltCoinTrader Summary
| 💻 Trading platform: | TradingView Basic |
|---|---|
| 📊 Accounts: | Standard |
| 💰 Account currency: | Cryptocurrencies, ZAR |
| 💵 Replenishment / Withdrawal: | Bank accounts, electronic and crypto wallets |
| 🚀 Minimum deposit: | $1 |
| ⚖️ Leverage: | 1:1 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | from 0 |
| 💱 Commission: | Market |
| 🔧 Instruments: | Cryptocurrencies, currencies |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | No |
| 📋 Orders execution: | N/A |
| ⭐ Trading features: | Only one fiat – ZAR, pairs with the most popular cryptocurrencies and coins, no investment solutions and referral program, very basic version of the trading platform, application for Huawei, exchange services, low fixed fees |
| 🎁 Contests and bonuses: | Yes |
In order to start trading at the AltCoinTrader exchange, you need to access its official website and download the namesake mobile application. Next you need to register and confirm your personal information (verification). You don’t need to make a minimum deposit, the clients of the exchange receive full access to its features right after verification. They can independently regulate their financial policy as the exchange does not impose any limitations of the clients. The exchange does not offer leverage, so the traders can only use their own budget. You can contact customer support via email or by calling the contact number. You can call only during the working hours, which you can find out in the Contacts section.
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Commissions and fees
| Account type | Commission (minimum value) | Withdrawal commission |
|---|---|---|
| Standard | 0.1% per trade | Yes |
The crypto exchange does not charge a deposit fee regardless of the method of deposit the client is using. However, third-party services may charge their fees. Also note that the fees are charged on fiat money, i.e. South African rand. The fee is 0.5% of the deposit amount, but no more than ZAR 95 for the majority of banks (some banks may have different conditions). For deposits of rand via OZOW – the fee is 1.4%.
Withdrawal fee is charged on all assets and it is specific to the asset. For example, if a client withdraws South African rand, the fee is ZAR 16 (a fixed value) plus 0.5% of the withdrawal amount, but not more than ZAR 95. Withdrawal fee for Bitcoin is 0.00057 BTC, Ethereum at ERC 20 – 0.007056 ETH, etc.
| Broker | Average commission | Level |
|---|---|---|
|
$1 | |
|
$20 | |
|
$0.1 |
Investment Options
Investment Programs, Available Markets, and Products of the Crypto Exchange
The exchange does not offer investment options. There is no staking or similar programs, which are available at some other exchange. The clients of the company can only earn their profit from trading cryptocurrencies and tokens at the exchange.
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
AltCoinTrader’s affiliate program
AltCoin Trader crypto exchange does not have referral (partner) programs. Some experts view this as an advantage of the platform that speaks for its progressive development and lack of the need to additionally encourage the inflow of new clients.
User Satisfaction