ByBit vs AltCoinTrader: Fees, Coins, Safety Comparison
| Feature | ByBit | AltCoinTrader |
|---|---|---|
Overall |
4.9 |
1.8 |
3.1 |
1 |
|
5.0 |
2.2 |
|
5.0 |
2.8 |
|
Investment Instruments |
5.0 |
1 |
Platforms and Charting Tools |
4.9 |
1.7 |
Deposit and Withdrawal |
4.0 |
1.5 |
Research |
4.2 |
2.0 |
Education |
4.1 |
1.9 |
Support |
4.5 |
2.0 |
Bonuses |
5.0 |
2.5 |
|
Your capital is at risk.
|
ByBit vs AltCoinTrader: Pros and Cons
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 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.
| ByBit | AltCoinTrader | |
|---|---|---|
| Overall Pros | Trading With Leverage up to 1:100 | All most popular cryptocurrencies and tokens are available, deposit in fiat money is available; |
| Derivatives, NFT Available | The platform has low trading fees at 0.1% regardless of the client’s trading volume; | |
| Zero fee spot trading | In addition to the trading platform, there is a service of easy exchange of cryptocurrencies and coins; | |
| Deposit Fee – 0% | The platform is very simple, user-friendly with intuitive interface; | |
| Passive Income With Staking, DeFi Mining, Multi Currency deposits, Principal-Protected Investment | The exchange uses SSL certificate, protection against DDoS attacks and other state-of-the-art means of security; | |
| Strong Research | 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. | ||
| Overall Cons | No tier-1 regulation | no other fiat money, except for the South African rand; |
| No Fiat Deposit and Withdrawal | no passive income options. |
ByBit vs AltCoinTrader: Safety and Regulation
| Regulated By: | ByBit | AltCoinTrader |
|---|---|---|
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 |
Yes |
No |
Other countries |
Austria’s Financial Market Authority (FMA), Georgia, Kazakhstan |
New Zealand |
ByBit vs AltCoinTrader: Trading Conditions
| Trading Conditions | ByBit | AltCoinTrader |
|---|---|---|
Minimum deposit, USD or USDT |
1 |
100 ZAR |
Futures leverage |
100 |
Not allowed |
Spot leverage |
10 |
1 |
Supported Coins |
638 |
24 |
Trading platform |
||
DFSA in UAE |
||
P2P |
1 |
0 |
Perpetual contracts |
1 |
0 |
ByBit vs AltCoinTrader: Fees
| Fee | ByBit | AltCoinTrader |
|---|---|---|
Spot Taker fee |
0.1 |
0.1 |
Spot Maker fee |
0.1 |
0.1 |
Futures Taker fee |
0.055 |
No |
Futures Maker fee |
0.02 |
No |
Deposit fee |
No |
No |
Withdrawal fee |
0.000111 ВТС 0.0015 ETH (ERC20) |
0.00017 BTC |
P2P taker fee |
No |
Not supported |
P2P fee rate, maker fee |
No |
Not supported |
ByBit vs AltCoinTrader: Trading Assets
| Asset Name | ByBit | AltCoinTrader |
|---|---|---|
Coins Supported |
638 |
24 |
P2P |
Yes |
No |
Perpetual contracts |
Yes |
No |
NFT |
Yes |
No |
Crypto Options |
Yes |
No |
Futures |
Yes |
No |
ByBit or AltCoinTrader: Investment Programs
| Asset Name | ByBit | AltCoinTrader |
|---|---|---|
Staking |
Yes |
Yes |
Copy trading |
Yes |
No |
Yield farming |
No |
No |
Affiliate program |
Yes |
Yes |
Trading Platforms: AltCoinTrader or ByBit
| ByBit | AltCoinTrader | |
|---|---|---|
Web |
Yes |
Yes |
Desktop |
No |
No |
Mobile (Android, iOS) |
Yes |
Yes |
|
Your capital is at risk.
|
Trading Platforms Features: AltCoinTrader or ByBit
| ByBit | AltCoinTrader | |
|---|---|---|
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: AltCoinTrader or ByBit
| ByBit | AltCoinTrader | |
|---|---|---|
Indicators |
Yes |
Yes |
Drawing tools |
Yes |
Yes |
Historical Trades |
Yes |
Yes |
Live 2 Quotes |
Yes |
Yes |
Mobile trading: AltCoinTrader or ByBit
| ByBit | AltCoinTrader | |
|---|---|---|
iOS Version |
Yes |
Yes |
Android Version |
Yes |
Yes |
Apple Watch App |
No |
No |
Touch ID |
No |
No |
Face ID |
No |
No |
Types of orders: AltCoinTrader or ByBit
| ByBit | AltCoinTrader | |
|---|---|---|
Market |
Yes |
Yes |
Limit |
Yes |
Yes |
Stop Loss |
Yes |
No |
Stop Limit |
No |
Yes |
Trailing Stop |
No |
No |
ByBit vs AltCoinTrader: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | ByBit | AltCoinTrader |
|---|---|---|
Bank Transfer |
No |
Yes (Only deposit) |
Credit/Debit Card |
Yes |
Yes (Only deposit) |
Electronic Wallets |
Yes |
No |
Crypto |
Yes |
Yes |
ByBit vs AltCoinTrader: Research
| Research Type | ByBit | AltCoinTrader |
|---|---|---|
News Feed |
Yes |
No |
Fundamental Data |
Yes |
Yes |
Chart Analysis |
Yes |
Yes |
Trading Ideas |
No |
Yes |
E-Mail Reports |
Yes |
No |
ByBit vs AltCoinTrader: Education
| Education Type | ByBit | AltCoinTrader |
|---|---|---|
Demo-account/Paper Trading |
No |
Yes |
Courses |
No |
No |
Articles |
Yes |
Yes |
Videos |
Yes |
No |
Webinars |
No |
No |
AltCoinTrader vs ByBit: Support
| Support Features | ByBit | AltCoinTrader |
|---|---|---|
Working Days |
24/7 |
Week days 09h00 – 16h30 |
Yes |
Yes |
|
Phone |
No |
Yes |
Online chat |
Yes |
No |
Other |
Telegram |
No |
ByBit vs AltCoinTrader: Crypto Bonuses and Promo
| Promo | ByBit | AltCoinTrader |
|---|---|---|
Crypto Bonus |
Complete tasks and get up to $580 |
Yes |
Affiliate Program |
$20 per invited user, up to $50 deposit bonus |
No |
|
Your capital is at risk.
|
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.
Top 5 Reviews on ByBit
-
Comment
I chose Bybit for the ability to work with different order types and risk management. I often use stops and take-profits, and everything works fine here. My deposit was 800 USDT, and I traded futures with moderate leverage. A few trades closed in loss, a few in profit, and the overall result was almost zero. The platform didn’t get in the way, which is already a plus.
-
Comment
I was looking for an exchange with a user-friendly mobile app so I could manage trades not just from a PC. Bybit’s app turned out to be functional, almost like the web version. I registered, completed basic verification, and deposited around 300 USDT. I traded spot, without leverage. Profits were small, around 25 USDT over two weeks. For me, it’s more of a practical tool than anything outstanding.
-
Comment
I considered Bybit as an alternative to my main exchange to diversify risks. I was interested in the hedging tools and perpetual futures. I started with the demo mode, then deposited 1,000 USDT. I mainly traded BTCUSDT and SOLUSDT. I liked the execution speed and the terminal’s stability during high-volatility periods. After a month, I ended up almost even, with a modest gain of around 12%, and experienced no major issues.
-
Comment
Bybit — один из самых известных криптовалютных брокеров и биржевых сервисов в мире цифровых активов. За последние годы платформа заметно выросла, расширила функционал и превратилась из площадки для деривативов в полноценную экосистему для трейдинга, инвестирования и хранения криптовалюты. Первое, что бросается в глаза — это удобство интерфейса. Платформа выглядит современной, логично структурированной и подходит как для начинающих, так и для продвинутых трейдеров. Навигация интуитивная, а торговый терминал предоставляет все необходимые инструменты для анализа: графики TradingView, индикаторы, различные типы ордеров, настройку плеча и риск-менеджмента. Bybit предлагает широкий выбор инструментов: спотовая торговля, фьючерсы, бессрочные контракты, опционы, копитрейдинг, стейкинг, launchpad-проекты и earn-программы. Это делает платформу универсальной — здесь можно не только активно торговать, но и инвестировать более консервативно. Отдельно стоит отметить высокую ликвидность и скорость исполнения ордеров. Проскальзывания минимальны, особенно на популярных торговых парах. Для активных трейдеров это критически важный фактор. Комиссии у Bybit конкурентные и ниже среднерыночных, особенно при использовании токена платформы или при больших торговых объемах. Система уровней VIP дополнительно снижает издержки для активных пользователей. Также стоит отметить мобильное приложение — оно стабильное, быстрое и функционально почти не уступает десктопной версии. Поддержка работает достаточно оперативно, а база знаний и обучающие материалы помогают быстрее освоиться на платформе.
-
Comment
I registered on Bybit primarily for derivatives and the ability to trade with leverage. Before that, I was trading spot on another exchange. Here, I opened a Unified Trading Account to avoid confusion between balances. I tested both spot and futures trading, with turnover of around 15–20 thousand USDT over a couple of weeks. Fees were standard, nothing unexpected. I didn’t make much profit, about 70 USDT, but overall the platform left a neutral impression.
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.
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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.
