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 |
|---|---|---|
SEC |
No |
No |
FINRA |
No |
No |
SIPC Protection |
No |
No |
Other Regulators |
No |
No |
AltCoinTrader vs ByBit: Trading Conditions
| Trading Conditions | AltCoinTrader | ByBit |
|---|---|---|
Minimum Deposit |
$1 |
$1 |
Trading Platforms |
TradingView |
ByBit |
Max Leverage (Futures) |
44562 |
1-100 |
Number of Markets |
39+ |
320 |
Trading Accounts |
1 |
1 |
Base Account Currencies |
Cryptocurrencies, ZAR |
Crypto |
AltCoinTrader vs ByBit: Fees
Trading Fees
| Fee | AltCoinTrader | ByBit |
|---|---|---|
Max Maker |
0.1% |
0.1% |
Max Taker |
0.1% |
0.1% |
Min Maker |
0.1% |
0.1% |
Min Taker |
0.1% |
0.1% |
Debit/Credit Card Purchase Fee |
0 |
0 |
Futures Trading fees
| Fee | AltCoinTrader | ByBit |
|---|---|---|
Max Maker |
Not supported |
-0.025% |
Max Taker |
Not supported |
0.075% |
Min Maker |
Not supported |
-0.025% |
Min Taker |
Not supported |
0.075% |
Non-Trading Fees
| Fee | AltCoinTrader | ByBit |
|---|---|---|
Account Fee |
No |
No |
Deposit Fee |
No |
No |
Bank Transfer Withdrawal Fee |
Not supported |
- |
Debit/Credit Card Withdrawal Fee |
Not supported |
0 |
BTC Withdrawal Fee |
0.00005264 BTC |
0.0005 BTC |
Inactivity Fee |
No |
No |
AltCoinTrader vs ByBit: Trading Assets
| Asset Name | AltCoinTrader | ByBit |
|---|---|---|
Overall |
39+ |
320+ |
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 |
No |
AltCoinTrader or ByBit: Investment Programs
| Asset Name | AltCoinTrader | ByBit |
|---|---|---|
Staking |
No |
Yes |
Mining pool |
No |
Yes |
Managed Accounts |
No |
No |
MAM/PAMM |
No |
No |
Other |
No |
Liquidity mining, Principal-Protected Investment, Guaranteed yield savings |
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
Bybit educational resources have really helped my early career in crypto trading. The trainings from videos, and seminars is helping me learn how to make more informed decisions on traders. Also guides to trading in bear markets, how to protect your account, a guide to MT4 crypto trading, are informative and I am really improving as a trader. There is also the ByBit Learn portal which is where I got to learn how to use the platform. The demo trading interface is rich and friendly but it took me time to carefully identify each feature. Although I don’t know how some of these indicators work for now but I know I will over time.
-
Comment
The Bybit designed for every level of crypto traders. the simple user interface has been helpful. I only have one concern but I cannot say it is an issue at the moment. This has to do with when i reached out with the customer care to inquire if i can trade futures. The response that i can trade a range of USDC-settled contracts including both USDC Perpetual and USDC Futures Contracts came, but when it did i was off my screen and attending to other things. Can't say if the slow response is due to network or other external issues. I don't know if it is too early to conclude that the customer service is slow.
-
Comment
Guys, it is normal to see trading as a game of chance. Nonetheless, iif you can learn how to use analyze financial markets using tools like line charts, indicators, and other trading tools, you will minimize the rate at which you lose out on profitable trades when you trade with real money. When you register on a platform like Bybit, get familiar with the various trading tools available and how to use them. There are also useful tools you can use to see what will happen if a trade goes your way or against you. Just like the one tool I use daily before I open a trade position which is the pre order calculator. I use this tool to calculate and know the possible profit and loss and ROI if I open trade with any strategy I created
-
Comment
At first I doubted whether to work with Bybit. The conditions here are favorable, but I was still afraid to work with the company I knew nothing about. But I decided to try with small amounts and realized that the broker works well. The money was withdrawn quickly and the fee was minimal, so I stopped being afraid. I’ve been a grateful client of this company for six months now!
-
Comment
I was looking for a reliable exchange and paid attention to Bybit, which has long been on the market and has a good reputation. My friend, who has been trading on Bybit for many years, also recommended this company. Now, after a few years I consider myself a more experienced trader and I am sure that I chose the right one. I am pleased with Bybit’s work, although the income is not too high, but stable. Withdrawals are very fast, but everything depends on the chosen payment system.
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.