AltCoinTrader vs Binance: Fees, Coins, Safety Comparison
Feature | AltCoinTrader | Binance |
---|---|---|
Overall |
1.8 |
4.8 |
1 |
4.5 |
|
2.2 |
4.8 |
|
2.8 |
5.0 |
|
Investment Instruments |
1 |
4.7 |
Platforms and Charting Tools |
1.7 |
4.9 |
Deposit and Withdrawal |
1.5 |
4.7 |
Research |
2.0 |
4.6 |
Education |
1.9 |
4.8 |
Support |
2.0 |
4.8 |
Bonuses |
2.5 |
4.2 |
Your capital is at risk.
|
AltCoinTrader vs Binance: Pros and Cons
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.
The Binance exchange is one of the largest cryptocurrency exchanges in the world with its headquarters in Hong Kong. According to the CoinMarketCap cryptocurrency portal, Binance holds the top spot in terms of aggregate indicators of the platform's daily turnover, the number of novices and active users, liquidity, and web traffic (ranking, queries, statistics in search engines, etc.). The exchange is also a cryptocurrency startup that has its own “native asset” used in the Binance ecosystem as the “basis gas” (payment internal unit).
AltCoinTrader | Binance | |
---|---|---|
Overall Pros | All most popular cryptocurrencies and tokens are available, deposit in fiat money is available; | Trading With Leverage up to 1:100 |
The platform has low trading fees at 0.1% regardless of the client’s trading volume; | Low Trading and Non-Trading Fees | |
In addition to the trading platform, there is a service of easy exchange of cryptocurrencies and coins; | 10+ Account Fiat Currencies + 50 Crypto | |
The platform is very simple, user-friendly with intuitive interface; | Derivatives, NFT, ETF are Available | |
The exchange uses SSL certificate, protection against DDoS attacks and other state-of-the-art means of security; | Indicators are Available | |
The exchange does not have a minimum deposit requirement, regional restriction or limitations for trading strategies; | Passive Income With Staking and Mining Pool | |
The exchange has a Help Center featuring information on the basis of crypto trading and working with the TradingView platform. | Strong Research | |
Overall Cons | no other fiat money, except for the South African rand; | No tier-1 regulation |
no passive income options. |
AltCoinTrader vs Binance: Safety and Regulation
Regulated By: | AltCoinTrader | Binance |
---|---|---|
SEC |
No |
No |
FINRA |
No |
No |
SIPC Protection |
No |
No |
Other Regulators |
No |
Registered as Digital Asset Service Provider (DASP) by Autorité des marchés financiers (AMF) |
AltCoinTrader vs Binance: Trading Conditions
Trading Conditions | AltCoinTrader | Binance |
---|---|---|
Minimum Deposit |
$1 |
$1 |
Trading Platforms |
TradingView |
Binance |
Max Leverage (Futures) |
44562 |
1-100 |
Number of Markets |
39+ |
1.358 |
Trading Accounts |
1 |
1 |
Base Account Currencies |
Cryptocurrencies, ZAR |
USD, EUR, GBP +10 fiat currencies, 50+ Cryptocurrencies |
AltCoinTrader vs Binance: Fees
Trading Fees
Fee | AltCoinTrader | Binance |
---|---|---|
Max Maker |
0.1% |
0.1% |
Max Taker |
0.1% |
0.1% |
Min Maker |
0.1% |
0.012% |
Min Taker |
0.1% |
0.024% |
Debit/Credit Card Purchase Fee |
0 |
0.01 |
Futures Trading fees
Fee | AltCoinTrader | Binance |
---|---|---|
Max Maker |
Not supported |
0.02% |
Max Taker |
Not supported |
0.04% |
Min Maker |
Not supported |
0 |
Min Taker |
Not supported |
0 |
Non-Trading Fees
Fee | AltCoinTrader | Binance |
---|---|---|
Account Fee |
No |
No |
Deposit Fee |
No |
No |
Bank Transfer Withdrawal Fee |
Not supported |
1.5 USD |
Debit/Credit Card Withdrawal Fee |
Not supported |
0.0001 |
BTC Withdrawal Fee |
0.00005264 BTC |
0.0001 BTC |
Inactivity Fee |
No |
No |
AltCoinTrader vs Binance: Trading Assets
Asset Name | AltCoinTrader | Binance |
---|---|---|
Overall |
39+ |
396+ |
Bitcoin (BTC) |
Yes |
Yes |
Litecoin (LTC) |
Yes |
Yes |
Dogecoin (DOGE) |
Yes |
Yes |
Binance Coin (BNB) |
Yes |
Yes |
Uniswap (UNI) |
No |
Yes |
Ripple (XRP) |
Yes |
Yes |
Polkadot (DOT) |
Yes |
Yes |
Cardano (ADA) |
Yes |
Yes |
Stellar (XLM) |
No |
Yes |
IOTA (MIOTA) |
Yes |
Yes |
Tron (TRX) |
Yes |
Yes |
Derivatives (Futures) |
Yes |
Yes |
NFT |
No |
Yes |
Crypto ETF |
No |
Yes |
AltCoinTrader or Binance: Investment Programs
Asset Name | AltCoinTrader | Binance |
---|---|---|
Staking |
No |
Yes |
Mining pool |
No |
Yes |
Managed Accounts |
No |
No |
MAM/PAMM |
No |
No |
Other |
No |
No |
Trading Platforms: Binance or AltCoinTrader
AltCoinTrader | Binance | |
---|---|---|
Web |
Yes |
Yes |
Desktop |
No |
Yes |
Mobile (Android, iOS) |
Yes |
Yes |
Your capital is at risk.
|
Trading Platforms Features: Binance or AltCoinTrader
AltCoinTrader | Binance | |
---|---|---|
SMS Based 2 FA |
No |
Yes |
App Based 2 FA |
Yes |
Yes |
Voice Call 2 FA |
No |
No |
Search Bar |
Yes |
Yes |
Filters |
Yes |
Yes |
Technical Analysis: Binance or AltCoinTrader
AltCoinTrader | Binance | |
---|---|---|
Indicators |
Yes |
Yes |
Drawing tools |
Yes |
Yes |
Historical Trades |
Yes |
Yes |
Live 2 Quotes |
Yes |
Yes |
Mobile trading: Binance or AltCoinTrader
AltCoinTrader | Binance | |
---|---|---|
iOS Version |
Yes |
Yes |
Android Version |
Yes |
Yes |
Apple Watch App |
No |
No |
Touch ID |
No |
No |
Face ID |
No |
No |
Types of orders: Binance or AltCoinTrader
AltCoinTrader | Binance | |
---|---|---|
Market |
Yes |
Yes |
Limit |
Yes |
Yes |
Stop Loss |
No |
Yes |
Stop Limit |
Yes |
Yes |
Trailing Stop |
No |
Yes |
AltCoinTrader vs Binance: Deposit and Withdrawal Methods
Deposit and Withdrawal Method | AltCoinTrader | Binance |
---|---|---|
Bank Transfer |
Yes (Only deposit) |
Yes |
Credit/Debit Card |
Yes (Only deposit) |
Yes |
Electronic Wallets |
No |
Yes |
Crypto |
Yes |
Yes |
AltCoinTrader vs Binance: Research
Research Type | AltCoinTrader | Binance |
---|---|---|
News Feed |
No |
Yes |
Fundamental Data |
Yes |
Yes |
Chart Analysis |
Yes |
Yes |
Trading Ideas |
Yes |
No |
E-Mail Reports |
No |
Yes |
AltCoinTrader vs Binance: Education
Education Type | AltCoinTrader | Binance |
---|---|---|
Demo-account/Paper Trading |
Yes |
No |
Courses |
No |
Yes |
Articles |
Yes |
Yes |
Videos |
No |
Yes |
Webinars |
No |
Yes |
Binance vs AltCoinTrader: Support
Support Features | AltCoinTrader | Binance |
---|---|---|
Working Days |
Week days 09h00 – 16h30 |
24/7 |
Yes |
Yes |
|
Phone |
Yes |
Yes |
Online chat |
No |
Yes |
Other |
No |
Telegram |
AltCoinTrader vs Binance: Crypto Bonuses and Promo
Promo | AltCoinTrader | Binance |
---|---|---|
Crypto Bonus |
Yes |
No |
Affiliate Program |
No |
40% of the partner's trading commissions |
Your capital is at risk.
|
Top 5 Reviews on Binance
-
Comment
Binance has been super flexible when it comes to payment methods. It offers the usual mediums like bank deposit, debit card/credit card, crypto deposit, while also supporting newer ones like my favorite e-wallet. Integrating my e-wallet with my Binance account made all the withdrawals instant whenever I sell USDT in the P2P marketplace. The conversion rate is also attractive, making this method favorable to those who are frequently buying and selling on the platform. I withdraw money from them at least once a month and never experience delays. On a side note, I always use the same e-wallet account and had not tried doing it using bank transfers because of fees associated with doing so. There is no fee on this method so I prefer to use it over others.
-
Comment
Despite the growing number of reported hacks in the crypto space, I never once felt worried about using Binance as my crypto exchange. They have the most extensive security verification methods, and this makes me feel that trusting my funds with them is one of the best decisions I’ve made. Earlier this year I lost my phone number to which my Binance acct was connected and got very worried that my funds will be compromised. Turns out, it was easy to replace my old contact info with my new number, and they also suggested that I activate my 2-factor authentication for an extra layer of protection. I have also recently activated my passkeys for added security. All these years, Binance has been nothing but a trustworthy platform to me. I only trade crypto with them and nowhere else.
-
Comment
I created my account with Binance four years ago. It was during the middle of the crypto boom. I thought it was just a phase and would completely forget about it after the pandemic. But it turns out it is not :D. I still actively trade with the same account. Probably what made me stay is the ease of use, either when I am trading with the website or through the Binance app. Features in both platforms are easy to understand and use. I never had to consult YouTube videos as I normally do with my other brokerage accounts to figure out how a certain tool/button works. What you see is what you get. Never had issues with order execution, deposits, and withdrawals either which made the overall trading experience an excellent one all these years. I think Binance took over the crypto market easily for the same reason. It sold us the idea that trading is easy after all.
-
Comment
My experience with Binance has been predominantly positive. The platform's extensive cryptocurrency offerings, user-friendly interface, advanced trading features, and commitment to security make it a compelling choice for both novice and experienced traders alike.
-
Comment
Binance is the best cryptocurrency exchange for me. There is a very rich selection of cryptocurrency pairs, and many new tokens are added. The crypto rate is market-based, I checked with different exchanges, there is no big difference. With Binance, you can get a good return. I recommend the exchange.
Top 5 Reviews on AltCoinTrader
-
Comment
Worked with AltCoinTrader in 2020. This is a low-level crypto broker, difficult situations constantly arose with them. This service is not worth it. As for the withdrawal of money - everything works the same way, with constant problems, and the commissions are huge!
-
Comment
I can't understand how you can make money on the AltCoinTrader exchange. Here the commission for traders is 0.8%. I have not seen such a commission anywhere. Plus, you cannot transfer fiat currency to your account, you can trade only through cryptocurrency. In general, AltCoinTrader is of no value.
-
Comment
Maybe this broker will already do something with their support? How long can you “stay on the line”? This is the world of finance, every minute is precious here !! Let the AltCoinTrader management do something about it, for example, put the support staff to work on the exchange, maybe then they will understand.
FAQs
What should I start Crypto trading with?
For starters, you need to learn what crypto trading is, understand what cryptocurrency is and the risks and opportunities cryptocurrency trading has. It is also important to learn the existing strategies. The second step is to choose the best crypto exchange with good trading conditions. A demo account that you can use to gain valuable experience risk free is an important advantage of an exchange.
What amount should I start trading with?
It is recommended to start trading cryptocurrencies with a small amount. That way, if you partially lose it, it won’t pose a serious financial problem for you. This is because cryptocurrencies are highly volatile, which carries certain risks for novice traders. The majority of cryptocurrency exchanges allow traders to start from a small amount – from $1 to $50 or its cryptocurrency equivalent.
What should I take into consideration when choosing a crypto exchange?
The first thing experts recommend looking at when considering crypto exchanges is their reliability. Other important features include basic trading conditions, commissions and fees, customer reviews. If crypto exchanges are approximately the same in terms of basic criteria, you need to choose based on your experience and tasks. One crypto exchange may be good for professionals and another – for novice traders.
Can a cryptocurrency exchange turn out to be a scam?
Unfortunately, this does happen. Therefore, it is better to choose cryptocurrency exchanges that have been operating in the market for at least several years and have a stable reputation. Regulation of an exchange in one of the countries with high legal culture is also an advantage.
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.