VALR vs AltCoinTrader: Fees, Coins, Safety Comparison
| Feature | VALR | AltCoinTrader |
|---|---|---|
Overall |
2.8 |
1.8 |
1 |
1 |
|
4.1 |
2.2 |
|
3.9 |
2.8 |
|
Investment Instruments |
1 |
1 |
Platforms and Charting Tools |
4.2 |
1.7 |
Deposit and Withdrawal |
3.1 |
1.5 |
Research |
3.5 |
2.0 |
Education |
3.6 |
1.9 |
Support |
3.9 |
2.0 |
Bonuses |
3.7 |
2.5 |
VALR vs AltCoinTrader: Pros and Cons
The VALR exchange is a renowned cryptocurrency trading platform. Bitcoin, Ethereum, Ripple, Litecoin, Bitcoin Cash, and other cryptocurrencies are at your disposal for trading here. Instantaneous exchange and margin trading are available (but no leverage). Of the fiat funds, only the South African rand is represented. The crypto exchange has a web version of the trading terminal and applications for iOS and Android for mobile trading. The site offers a referral program with four levels of reward. Traders' assets are stored in the Bittrex system, and the platform uses several levels of security to protect users' funds. Fees are fixed and are below the market average.
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.
| VALR | AltCoinTrader | |
|---|---|---|
| Overall Pros | a plethora of cryptocurrencies for exchange and trade; | All most popular cryptocurrencies and tokens are available, deposit in fiat money is available; |
| functional and easy-to-learn trading terminal; | The platform has low trading fees at 0.1% regardless of the client’s trading volume; | |
| the presence of an author's application for mobile trading; | In addition to the trading platform, there is a service of easy exchange of cryptocurrencies and coins; | |
| lucrative referral program with discounts and rewards; | The platform is very simple, user-friendly with intuitive interface; | |
| top-tier level of protection of data and user funds; | The exchange uses SSL certificate, protection against DDoS attacks and other state-of-the-art means of security; | |
| all major options for depositing and withdrawing funds; | The exchange does not have a minimum deposit requirement, regional restriction or limitations for trading strategies; | |
| low fixed fees for trading operations; | The exchange has a Help Center featuring information on the basis of crypto trading and working with the TradingView platform. | |
| Crypto4Covid Fund for Covid-19 Affected People. | ||
| Overall Cons | only South African rand is presented as fiat; | no other fiat money, except for the South African rand; |
| communication with technical support can be initiated exclusively through tickets. | no passive income options. | |
| the exchange does not offer tutorials; |
VALR vs AltCoinTrader: Safety and Regulation
| Regulated By: | VALR | AltCoinTrader |
|---|---|---|
SEC |
No |
No |
FINRA |
No |
No |
SIPC Protection |
No |
No |
Other Regulators |
No |
No |
VALR vs AltCoinTrader: Trading Conditions
| Trading Conditions | VALR | AltCoinTrader |
|---|---|---|
Minimum Deposit |
$1 |
$1 |
Trading Platforms |
VALR |
TradingView |
Max Leverage (Futures) |
44562 |
44562 |
Number of Markets |
70+ |
39+ |
Trading Accounts |
1 |
1 |
Base Account Currencies |
ZAR, Cryptos |
Cryptocurrencies, ZAR |
VALR vs AltCoinTrader: Fees
Trading Fees
| Fee | VALR | AltCoinTrader |
|---|---|---|
Max Maker |
0.10% |
0.1% |
Max Taker |
0.10% |
0.1% |
Min Maker |
0.10% |
0.1% |
Min Taker |
0.10% |
0.1% |
Debit/Credit Card Purchase Fee |
0% (Only ZAR) |
0 |
Futures Trading fees
| Fee | VALR | AltCoinTrader |
|---|---|---|
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 | VALR | AltCoinTrader |
|---|---|---|
Account Fee |
No |
No |
Deposit Fee |
No |
No |
Bank Transfer Withdrawal Fee |
Not supported |
Not supported |
Debit/Credit Card Withdrawal Fee |
8.50 ZAR |
Not supported |
BTC Withdrawal Fee |
variable |
0.00005264 BTC |
Inactivity Fee |
No |
No |
VALR vs AltCoinTrader: Trading Assets
| Asset Name | VALR | AltCoinTrader |
|---|---|---|
Overall |
70+ |
39+ |
Bitcoin (BTC) |
Yes |
Yes |
Litecoin (LTC) |
Yes |
Yes |
Dogecoin (DOGE) |
Yes |
Yes |
Binance Coin (BNB) |
Yes |
Yes |
Uniswap (UNI) |
Yes |
No |
Ripple (XRP) |
Yes |
Yes |
Polkadot (DOT) |
Yes |
Yes |
Cardano (ADA) |
Yes |
Yes |
Stellar (XLM) |
Yes |
No |
IOTA (MIOTA) |
No |
Yes |
Tron (TRX) |
Yes |
Yes |
Derivatives (Futures) |
No |
Yes |
NFT |
No |
No |
Crypto ETF |
No |
No |
VALR or AltCoinTrader: Investment Programs
| Asset Name | VALR | AltCoinTrader |
|---|---|---|
Staking |
No |
No |
Mining pool |
No |
No |
Managed Accounts |
No |
No |
MAM/PAMM |
No |
No |
Other |
No |
No |
Trading Platforms: AltCoinTrader or VALR
| VALR | AltCoinTrader | |
|---|---|---|
Web |
Yes |
Yes |
Desktop |
Yes |
No |
Mobile (Android, iOS) |
Yes |
Yes |
Trading Platforms Features: AltCoinTrader or VALR
| VALR | 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 VALR
| VALR | AltCoinTrader | |
|---|---|---|
Indicators |
Yes |
Yes |
Drawing tools |
Yes |
Yes |
Historical Trades |
Yes |
Yes |
Live 2 Quotes |
Yes |
Yes |
Mobile trading: AltCoinTrader or VALR
| VALR | 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 VALR
| VALR | AltCoinTrader | |
|---|---|---|
Market |
Yes |
Yes |
Limit |
Yes |
Yes |
Stop Loss |
Yes |
No |
Stop Limit |
No |
Yes |
Trailing Stop |
No |
No |
VALR vs AltCoinTrader: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | VALR | AltCoinTrader |
|---|---|---|
Bank Transfer |
No |
Yes (Only deposit) |
Credit/Debit Card |
Only ZAR |
Yes (Only deposit) |
Electronic Wallets |
No |
No |
Crypto |
Yes |
Yes |
VALR vs AltCoinTrader: Research
| Research Type | VALR | AltCoinTrader |
|---|---|---|
News Feed |
No |
No |
Fundamental Data |
No |
Yes |
Chart Analysis |
Yes |
Yes |
Trading Ideas |
Yes |
Yes |
E-Mail Reports |
No |
No |
VALR vs AltCoinTrader: Education
| Education Type | VALR | AltCoinTrader |
|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Courses |
No |
No |
Articles |
Yes |
Yes |
Videos |
No |
No |
Webinars |
No |
No |
AltCoinTrader vs VALR: Support
| Support Features | VALR | AltCoinTrader |
|---|---|---|
Working Days |
24/7 |
Week days 09h00 – 16h30 |
Yes |
Yes |
|
Phone |
Yes |
Yes |
Online chat |
No |
No |
Other |
No |
No |
VALR vs AltCoinTrader: Crypto Bonuses and Promo
| Promo | VALR | AltCoinTrader |
|---|---|---|
Crypto Bonus |
No |
Yes |
Affiliate Program |
The VALR referral (affiliate) program has notable differences from the typical programs of other cryptocurrency exchanges. The program includes four levels, but they are determined not by the depth of the referral network, but by the actions of the user. At each level (except zero), the exchange provides bonuses in the form of discounts on fees or affiliate payments. Level zero: you register without a referral code and do not receive any benefits. Level one: you register with a referral (invitation) code and receive a 10% discount on all trading commissions. Level two: you invite another user with a referral code and get a 15% discount on all fees, and the user gets a 10% discount. Level three: you invite two or more referrals and get a 15% discount on your fees. Plus, you also have access to 10% of all the commission fees of your referrals. |
No |
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 VALR
-
Comment
VALR's customer support was unresponsive and provided little assistance in resolving the issues I encountered. I cannot recommend VALR for crypto trading due to its poor performance, inadequate support, and security concerns.
-
Comment
Account blocked! No comments, personal personal assistant does not get in touch. Worked with them for many years, until the merged everything was fine! Looks like it's taken too much!
-
Comment
On various forums and sites there are negative reviews about VALR, and most of them are true) I checked everything myself. The earned money was not allowed to be withdrawn, although the trade was going normally.
-
Comment
According to my observations, VALR is an exchange for everyone who is engaged in cryptocurrency trading. Beginners here will appreciate the interface of the trading platform and professionals will enjoy the absence of unnecessary services, such as consulting or personal managers. As a professional, I am honestly tired of opening top accounts and getting a manager who is not always competent. There is no such problem here. And the choice of cryptocurrency and convenient ways to replenish the deposit will be appreciated by everyone. I would add a service for copying transactions so that professionals can share their knowledge and get a percentage, and beginners can learn from someone else's experience.
-
Comment
Over five years of trading on crypto exchanges, I have come across different situations such as the inability to withdraw funds, frost from the support service, slippage, and glitches on the platforms. I can't say that VALR is the dream of any crypto trader, but the company performs basic functions well, and that's enough for me. The choice of cryptocurrencies is about the same as on other exchanges, but the commissions are significantly lower. When trading in high volumes, this is especially valuable. Communication with the support service could be made faster, and an online chat could be added, but this is not critical.
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.
The area of responsibility of Mikhail includes covering the news of currency and stock markets, fact checking, updating and editing the content published on the Traders Union website. He successfully analyzes complex financial issues and explains their meaning in simple and understandable language for ordinary people. Mikhail generates content that provides full contact with the readers.
Mikhail’s motto: Learn something new and share your experience – never stop!
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.
Olga has extensive experience in writing and editing articles about the specifics of working in the Forex market, cryptocurrency market, stock exchanges and also in the segment of financial investment in general. This level of expertise allows Olga to create unique and comprehensive articles, describing complex investment mechanisms in a simple and accessible way for traders of any level.
Olga’s motto: Do well and you’ll be well!