AltCoinTrader vs PaxFul: Fees, Coins, Safety Comparison
| Feature | AltCoinTrader | PaxFul |
|---|---|---|
Overall |
1.8 |
4.1 |
1 |
3.9 |
|
2.2 |
4.5 |
|
2.8 |
3.2 |
|
Investment Instruments |
1 |
4.1 |
Platforms and Charting Tools |
1.7 |
3.4 |
Deposit and Withdrawal |
1.5 |
5.0 |
Research |
2.0 |
2.5 |
Education |
1.9 |
5.0 |
Support |
2.0 |
3.9 |
Bonuses |
2.5 |
2.0 |
|
Your capital is at risk.
|
AltCoinTrader vs PaxFul: 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 Paxful exchange is a peer-to-peer trading platform for Bitcoin, Tether, and Ethereum trading instruments. There are over 350 ways to buy and sell these cryptocurrencies. The company has its offices in 21 countries and has almost 5 million active users. A free cryptocurrency wallet, which is provided when registering on the exchange, is among the distinctive features. The security system is based on a safekeeping account, where the funds of the seller and the buyer shall be reserved to avoid the dishonesty of one of the parties.
| AltCoinTrader | PaxFul | |
|---|---|---|
| Overall Pros | All most popular cryptocurrencies and tokens are available, deposit in fiat money is available; | Low P2P fees |
| The platform has low trading fees at 0.1% regardless of the client’s trading volume; | The platform is fully localized and translated into 21 languages | |
| In addition to the trading platform, there is a service of easy exchange of cryptocurrencies and coins; | Hundreds payment methods, from bank transfers to e-wallets; | |
| The platform is very simple, user-friendly with intuitive interface; | Over 12 thousand reliable sellers and buyers | |
| The exchange uses SSL certificate, protection against DDoS attacks and other state-of-the-art means of security; | Free Bitcoin wallet with BitGo is enabled; | |
| The exchange does not have a minimum deposit requirement, regional restriction or limitations for trading strategies; | Pafull pay for business | |
| The exchange has a Help Center featuring information on the basis of crypto trading and working with the TradingView platform. | You change Bitcoin for any services and goods | |
| Overall Cons | no other fiat money, except for the South African rand; | Limited number of suported coins - only ETH, BTC, USDT |
| no passive income options. | Limited analytics and educatioin |
AltCoinTrader vs PaxFul: Safety and Regulation
| Regulated By: | AltCoinTrader | PaxFul |
|---|---|---|
SEC |
No |
No |
FINRA |
No |
No |
SIPC Protection |
No |
No |
Other Regulators |
No |
No |
AltCoinTrader vs PaxFul: Trading Conditions
| Trading Conditions | AltCoinTrader | PaxFul |
|---|---|---|
Minimum Deposit |
$1 |
$1 |
Trading Platforms |
TradingView |
Paxful |
Max Leverage (Futures) |
44562 |
1:1 |
Number of Markets |
39+ |
100+ |
Trading Accounts |
1 |
1 |
Base Account Currencies |
Cryptocurrencies, ZAR |
BTC, USDT, ETH, 100+ fiat currencies for exchange |
AltCoinTrader vs PaxFul: Fees
Trading Fees
| Fee | AltCoinTrader | PaxFul |
|---|---|---|
Max Maker |
0.1% |
1% for sellers, 0% for buyers |
Max Taker |
0.1% |
1% for sellers, 0% for buyers |
Min Maker |
0.1% |
1% for sellers, 0% for buyers |
Min Taker |
0.1% |
1% for sellers, 0% for buyers |
Debit/Credit Card Purchase Fee |
0 |
1% for sellers, 0% for buyers |
Futures Trading fees
| Fee | AltCoinTrader | PaxFul |
|---|---|---|
Max Maker |
Not supported |
not supported |
Max Taker |
Not supported |
not supported |
Min Maker |
Not supported |
not supported |
Min Taker |
Not supported |
not supported |
Non-Trading Fees
| Fee | AltCoinTrader | PaxFul |
|---|---|---|
Account Fee |
No |
No |
Deposit Fee |
No |
No |
Bank Transfer Withdrawal Fee |
Not supported |
1% for sellers, No for buyers |
Debit/Credit Card Withdrawal Fee |
Not supported |
1% for sellers, No for buyers |
BTC Withdrawal Fee |
0.00005264 BTC |
0.0004 for sending BTC, 0 for recieving BTC |
Inactivity Fee |
No |
No |
AltCoinTrader vs PaxFul: Trading Assets
| Asset Name | AltCoinTrader | PaxFul |
|---|---|---|
Overall |
39+ |
3 coins |
Bitcoin (BTC) |
Yes |
Yes |
Litecoin (LTC) |
Yes |
No |
Dogecoin (DOGE) |
Yes |
No |
Binance Coin (BNB) |
Yes |
No |
Uniswap (UNI) |
No |
No |
Ripple (XRP) |
Yes |
No |
Polkadot (DOT) |
Yes |
No |
Cardano (ADA) |
Yes |
No |
Stellar (XLM) |
No |
No |
IOTA (MIOTA) |
Yes |
No |
Tron (TRX) |
Yes |
No |
Derivatives (Futures) |
Yes |
No |
NFT |
No |
No |
Crypto ETF |
No |
No |
AltCoinTrader or PaxFul: Investment Programs
| Asset Name | AltCoinTrader | PaxFul |
|---|---|---|
Staking |
No |
Yes |
Mining pool |
No |
No |
Managed Accounts |
No |
No |
MAM/PAMM |
No |
No |
Other |
No |
Paxful earn |
Trading Platforms: PaxFul or AltCoinTrader
| AltCoinTrader | PaxFul | |
|---|---|---|
Web |
Yes |
Yes |
Desktop |
No |
No |
Mobile (Android, iOS) |
Yes |
Yes |
|
Your capital is at risk.
|
Trading Platforms Features: PaxFul or AltCoinTrader
| AltCoinTrader | PaxFul | |
|---|---|---|
SMS Based 2 FA |
No |
Yes |
App Based 2 FA |
Yes |
Yes |
Voice Call 2 FA |
No |
No |
Search Bar |
Yes |
No |
Filters |
Yes |
No |
Technical Analysis: PaxFul or AltCoinTrader
| AltCoinTrader | PaxFul | |
|---|---|---|
Indicators |
Yes |
not supported |
Drawing tools |
Yes |
not supported |
Historical Trades |
Yes |
not supported |
Live 2 Quotes |
Yes |
not supported |
Mobile trading: PaxFul or AltCoinTrader
| AltCoinTrader | PaxFul | |
|---|---|---|
iOS Version |
Yes |
Yes |
Android Version |
Yes |
Yes |
Apple Watch App |
No |
No |
Touch ID |
No |
No |
Face ID |
No |
No |
Types of orders: PaxFul or AltCoinTrader
| AltCoinTrader | PaxFul | |
|---|---|---|
Market |
Yes |
No |
Limit |
Yes |
Yes |
Stop Loss |
No |
No |
Stop Limit |
Yes |
No |
Trailing Stop |
No |
No |
AltCoinTrader vs PaxFul: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | AltCoinTrader | PaxFul |
|---|---|---|
Bank Transfer |
Yes (Only deposit) |
Yes |
Credit/Debit Card |
Yes (Only deposit) |
Yes |
Electronic Wallets |
No |
Yes |
Crypto |
Yes |
Yes |
AltCoinTrader vs PaxFul: Research
| Research Type | AltCoinTrader | PaxFul |
|---|---|---|
News Feed |
No |
No |
Fundamental Data |
Yes |
No |
Chart Analysis |
Yes |
No |
Trading Ideas |
Yes |
No |
E-Mail Reports |
No |
No |
AltCoinTrader vs PaxFul: Education
| Education Type | AltCoinTrader | PaxFul |
|---|---|---|
Demo-account/Paper Trading |
Yes |
No |
Courses |
No |
Yes |
Articles |
Yes |
Yes |
Videos |
No |
Yes |
Webinars |
No |
Yes |
PaxFul vs AltCoinTrader: Support
| Support Features | AltCoinTrader | PaxFul |
|---|---|---|
Working Days |
Week days 09h00 – 16h30 |
24/7 |
Yes |
Yes |
|
Phone |
Yes |
No |
Online chat |
No |
Yes |
Other |
No |
No |
AltCoinTrader vs PaxFul: Crypto Bonuses and Promo
| Promo | AltCoinTrader | PaxFul |
|---|---|---|
Crypto Bonus |
Yes |
No |
Affiliate Program |
No |
Up to 50% of refferall trading fees |
|
Your capital is at risk.
|
Top 5 Reviews on PaxFul
-
Comment
My experience with Paxful has been negative, marred by unreliable customer support, security concerns, and high fees. The lack of protection for users' assets is unacceptable and undermines trust in the platform as a safe and reliable marketplace for buying and selling cryptocurrencies. As a client, I cannot in good conscience recommend Paxful to others, and I would advise anyone considering using the platform to proceed with caution and explore alternative options that offer a more reliable and user-friendly experience.
-
Comment
I opened a mini account in this scam, worked out a strategy and what a blessing that I first decided to test the withdrawal technology before opening a normal trading account. Now I put everything that was there on the withdrawal, namely $ 500! They can't even return the money!
-
Comment
Initially, I did not plan to trade on Paxful for a long time, it was interesting to try and compare the conditions with my then exchange. I registered, quickly passed the verification (so that, if anything, quickly withdraw the deposit) and replenished the account. There is no demo, but it is not needed with such and such minimum requirements: just a dollar is enough to deposit. On the plus side, there are many ways to replenish. But the base currency here is XBT, and I had to get confused. In terms of trade - an average option. I would not say that Paxful is very different from its competitors. There are really no analytics, and trading here is mainly due to three cryptocurrencies. Three! I won’t say that Paxful is a bad exchange, but I didn’t find anything interesting here for myself.
-
Comment
I support positive reviews about Paxful. The first thing that caught my eye when visiting this P2P platform is an intuitive interface, presented in 21 languages. This means that the company is open to cooperation with traders from different countries. And now, 2 years after registering on this site, I understand that the first impression was not deceptive. I am satisfied with the cooperation with the Paxful exchanger, if not for 100%, then for 99% for sure. Trading here is comfortable, there are no technical failures, so the execution of transactions is always on top. Honestly, I'm not surprised that the pool of buyers/sellers on Paxful is growing every day.
-
Comment
Paxful simply does not fail you. I registered on this exchanger following a recommendation from a friend. To be honest, I wouldn't have noticed it myself. It does not appear in the leaders, the trade turnover is quite modest. Well, it is understandable, only three cryptocurrencies were listed - bitcoin, ethereum and tezer. When I started working with this P2P platform, I realized why it was being praised. There is a really large pool of buyers and sellers here (according to rumors, the services of this crypto exchange are used by about 12 thousand people). At first, I traded on Paxful and on other platforms at the same time, but now I completely abandoned them.
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.