AltCoinTrader vs ByBit: Fees, Coins, Safety Comparison
| Feature | AltCoinTrader | ByBit |
|---|---|---|
Overall |
1.8 |
4.9 |
1 |
3.1 |
|
2.2 |
5.0 |
|
2.8 |
5.0 |
|
Investment Instruments |
1 |
5.0 |
Platforms and Charting Tools |
1.7 |
4.9 |
Deposit and Withdrawal |
1.5 |
4.0 |
Research |
2.0 |
4.2 |
Education |
1.9 |
4.1 |
Support |
2.0 |
4.5 |
Bonuses |
2.5 |
5.0 |
|
Your capital is at risk.
|
AltCoinTrader vs ByBit: 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 Bybit cryptocurrency exchange first appeared in 2018. It is a standalone derivatives trading platform with inverse and perpetual futures contracts with up to 1:100 leverage. Quarterly USD futures are available at Bybit in combination with BTC, ETH, XRP, EOS, LTC, and multiple tokens. There is a linear futures contract on BTC/USDT. The exchange has several technological advantages: it provides for mutual insurance of market participants against possible sharp price movements. There are offsets for long and short positions, and there is market depth.
| AltCoinTrader | ByBit | |
|---|---|---|
| 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; | Derivatives, NFT Available | |
| In addition to the trading platform, there is a service of easy exchange of cryptocurrencies and coins; | Zero fee spot trading | |
| The platform is very simple, user-friendly with intuitive interface; | Deposit Fee – 0% | |
| The exchange uses SSL certificate, protection against DDoS attacks and other state-of-the-art means of security; | Passive Income With Staking, DeFi Mining, Multi Currency deposits, Principal-Protected Investment | |
| The exchange does not have a minimum deposit requirement, regional restriction or limitations for trading strategies; | Strong Research | |
| The exchange has a Help Center featuring information on the basis of crypto trading and working with the TradingView platform. | ||
| Overall Cons | no other fiat money, except for the South African rand; | No tier-1 regulation |
| no passive income options. | No Fiat Deposit and Withdrawal |
AltCoinTrader vs ByBit: Safety and Regulation
| Regulated By: | AltCoinTrader | ByBit |
|---|---|---|
Government-regulated |
Yes |
Yes |
U.S Regulated |
No |
No |
FCA U.K Regulated |
No |
No |
Germany Regulated |
No |
No |
AMF in France Regulated |
No |
No |
Spain Regulated |
No |
No |
DFSA in UAE |
No |
No |
Singapore Regulated |
No |
No |
Australia Regulated |
No |
No |
Seychelles Regulated |
No |
Yes |
Other countries |
New Zealand |
Austria’s Financial Market Authority (FMA), Georgia, Kazakhstan |
AltCoinTrader vs ByBit: Trading Conditions
| Trading Conditions | AltCoinTrader | ByBit |
|---|---|---|
Minimum deposit, USD or USDT |
100 ZAR |
1 |
Futures leverage |
Not allowed |
100 |
Spot leverage |
1 |
10 |
Supported Coins |
24 |
638 |
Trading platform |
||
DFSA in UAE |
||
P2P |
0 |
1 |
Perpetual contracts |
0 |
1 |
AltCoinTrader vs ByBit: Fees
| Fee | AltCoinTrader | ByBit |
|---|---|---|
Spot Taker fee |
0,1 |
0,1 |
Spot Maker fee |
0,1 |
0,1 |
Futures Taker fee |
No |
0,055 |
Futures Maker fee |
No |
0,02 |
Deposit fee |
No |
No |
Withdrawal fee |
0,00017 BTC |
0,000111 ВТС 0,0015 ETH (ERC20) |
P2P taker fee |
Not supported |
No |
P2P fee rate, maker fee |
Not supported |
No |
AltCoinTrader vs ByBit: Trading Assets
| Asset Name | AltCoinTrader | ByBit |
|---|---|---|
Coins Supported |
24 |
638 |
P2P |
No |
Yes |
Perpetual contracts |
No |
Yes |
NFT |
No |
Yes |
Crypto Options |
No |
Yes |
Futures |
No |
Yes |
AltCoinTrader or ByBit: Investment Programs
| Asset Name | AltCoinTrader | ByBit |
|---|---|---|
Staking |
Yes |
Yes |
Copy trading |
No |
Yes |
Yield farming |
No |
No |
Affiliate program |
Yes |
Yes |
Trading Platforms: ByBit or AltCoinTrader
| AltCoinTrader | ByBit | |
|---|---|---|
Web |
Yes |
Yes |
Desktop |
No |
No |
Mobile (Android, iOS) |
Yes |
Yes |
|
Your capital is at risk.
|
Trading Platforms Features: ByBit or AltCoinTrader
| AltCoinTrader | ByBit | |
|---|---|---|
SMS Based 2 FA |
No |
No |
App Based 2 FA |
Yes |
Yes |
Voice Call 2 FA |
No |
No |
Search Bar |
Yes |
Yes |
Filters |
Yes |
Yes |
Technical Analysis: ByBit or AltCoinTrader
| AltCoinTrader | ByBit | |
|---|---|---|
Indicators |
Yes |
Yes |
Drawing tools |
Yes |
Yes |
Historical Trades |
Yes |
Yes |
Live 2 Quotes |
Yes |
Yes |
Mobile trading: ByBit or AltCoinTrader
| AltCoinTrader | ByBit | |
|---|---|---|
iOS Version |
Yes |
Yes |
Android Version |
Yes |
Yes |
Apple Watch App |
No |
No |
Touch ID |
No |
No |
Face ID |
No |
No |
Types of orders: ByBit or AltCoinTrader
| AltCoinTrader | ByBit | |
|---|---|---|
Market |
Yes |
Yes |
Limit |
Yes |
Yes |
Stop Loss |
No |
Yes |
Stop Limit |
Yes |
No |
Trailing Stop |
No |
No |
AltCoinTrader vs ByBit: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | AltCoinTrader | ByBit |
|---|---|---|
Bank Transfer |
Yes (Only deposit) |
No |
Credit/Debit Card |
Yes (Only deposit) |
Yes |
Electronic Wallets |
No |
Yes |
Crypto |
Yes |
Yes |
AltCoinTrader vs ByBit: Research
| Research Type | AltCoinTrader | ByBit |
|---|---|---|
News Feed |
No |
Yes |
Fundamental Data |
Yes |
Yes |
Chart Analysis |
Yes |
Yes |
Trading Ideas |
Yes |
No |
E-Mail Reports |
No |
Yes |
AltCoinTrader vs ByBit: Education
| Education Type | AltCoinTrader | ByBit |
|---|---|---|
Demo-account/Paper Trading |
Yes |
No |
Courses |
No |
No |
Articles |
Yes |
Yes |
Videos |
No |
Yes |
Webinars |
No |
No |
ByBit vs AltCoinTrader: Support
| Support Features | AltCoinTrader | ByBit |
|---|---|---|
Working Days |
Week days 09h00 – 16h30 |
24/7 |
Yes |
Yes |
|
Phone |
Yes |
No |
Online chat |
No |
Yes |
Other |
No |
Telegram |
AltCoinTrader vs ByBit: Crypto Bonuses and Promo
| Promo | AltCoinTrader | ByBit |
|---|---|---|
Crypto Bonus |
Yes |
Complete tasks and get up to $580 |
Affiliate Program |
No |
$20 per invited user, up to $50 deposit bonus |
|
Your capital is at risk.
|
Top 5 Reviews on ByBit
-
Comment
I discovered Bybit through recommendations in trader chats. What first caught my attention was the low minimum deposit — just $1 — so I decided to try trading derivatives. I trade BTC/USDT and ETH/USDT pairs and was pleased with the deep order book and fast execution speed. The leverage goes up to 1:100, which is useful for testing different strategies. After a month of active trading on Bybit, I managed to grow my deposit by 12%. I also liked the mutual loss protection feature — when prices drop sharply, part of the losses is covered. The trading fees are market-standard: not the lowest, but still reasonable.
-
Comment
I signed up to take advantage of up to 1:100 leverage and to assess the order book depth. Orders are executed quickly. Commissions are market-standard, but there are maker bonuses that help reduce costs. Among derivatives, I use EOS/USDT and LINK/USDT. Withdrawals are only available in crypto, but I haven't encountered any issues. There's a single account for all types of futures, which is convenient — no need to switch between accounts.
-
Comment
Bybit is a platform focused specifically on futures and derivatives, while classic crypto trading is limited — mostly USDT pairs. The minimum entry is just $1, and the maximum leverage is 1:100. That’s great, but it requires discipline. I also give a plus for the fact that the BTC/USDT futures contract costs just $1 — perfect for testing strategies without much risk. I don’t use the mobile app; I trade exclusively through the web.
-
Comment
The order system is well thought out. There are both market and conditional orders, plus the market depth through the order book allows you to assess volumes. I trade BTC/USDT and ETH/USDT — everything works smoothly with them. The trading commission is about standard. I top up my account via Visa, and it's convenient that the fiat gateway is supported. I trade futures with a leverage of 1:50 — optimal for risk management.
-
Comment
After using Bybit for crypto, I decided to try Forex trading through MT5. At first, I didn’t fully understand how automatic leverage works, but eventually figured it out - it’s fixed per contract and cannot be changed. It’s good that deposits are free and withdrawals have fixed rates depending on the coin. I haven’t seen any hidden fees or markup. Everything is ECN as stated. Trading via the MT5 mobile version is convenient, but support response times can be slow.
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.