Altcoin Trader is a South African cryptocurrency exchange platform that allows users to buy and sell cryptocurrencies for fiat. The exchange was founded in 2014 and became active in 2015.
Altcoin Trader implements an active KYC policy that requires its users to verify their identity. Altcoin Trader crypto exchange does not explicitly prohibit investors from any country. However, users should perform their own analysis of whether their local authorities impose any legal obstacles to them trading crypto on exchanges. In addition to trading in the browser, the exchange also offers mobile trading through proprietary apps for Android, iOS, and Huawei gadgets.
Markets
Altcoin Trader spot trading feature allows users to perform instant buying and selling of cryptocurrency assets without leverage. The Altcoin Trader trading pairs include crypto-to-crypto pairs and crypto-to-fiat pairs. Altcoin Trader crypto exchange supports over 30 cryptocurrencies including popular assets such as Bitcoin, Ethereum, Ripple, and Tether. It also supports precious metals Gold and Silver.
Altcoin Trader cryptocurrency exchange offers two main products: Easy Buy & Sell and an Exchange. Easy Buy & Sell is a simple interface that enables users to buy and sell their digital assets with fiat (ZAR).
Altcoin Trader Exchange feature comes in two versions: Basic and Advanced. The Basic trading feature involves a simple interface with straightforward candlesticks that can help traders gain insight into the market they want to trade. It has Buy and Sell buttons that make purchasing and selling digital assets much easier. The platform's order book helps match the requests of buyers and sellers on the platform.
The Advanced trade feature, on the other hand, is suited for more experienced traders. It has more sophisticated features that give users deeper insights into the markets they are dealing with. Its order book contains various pairs for the xZAR and USDT markets. The order book offers Market orders that allow users to buy and sell digital assets at the available market price. Altcoin Trader crypto price for the supported market is available on the platform. Live Altcoin Trader trade volume for every market on the order book is also available on the platform.
Altcoin Trader exchange fee for Makers and Takers is 0.1% of their trade value. Altcoin Trade crypto fees follow a flat fee model, which implements similar rates for Makers and Takers. Moreover, Easy Buy & Sell fee is 0.75% of the trade value for all coins.
Depositing cryptocurrency on the platform is free. However, depositing the South African Rand attracts 0.5% fee. CASH or EFT fee is determined by the bank. Additionally, depositing fiat via the OZOW payment method attracts a 1.4% fee. Withdrawing fiat from the platform attracts R16 + 0.5% Maximum of R95.00, while crypto withdrawal rates depend on the type of cryptocurrency asset.
Other Services
Altcoin Trader Easy Save feature offers users another way to earn. Asset holders deposit their assets for free and earn rewards with no lock-in periods. All reward are paid out in the coin a user deposited.
Also, there's Altcoin Trader API that enables third-party integrations. The API code provides users with specific data from the Altcoin Trader.
About the Company
Altcoin Trader cryptocurrency exchange was founded in 2014 by a team of experienced computer programmers at Netspace, a South African internet company. The team was led by Richard de Sousa, who cited his poor user experience on the Bitcoin exchange Mt. Gox as one of the reasons the team was persuaded to establish their crypto exchange. Altcoin Trader crypto exchange became the first South African cryptocurrency exchange. It is headquartered in Johannesburg, South Africa.
Altcoin Trader was launched to the public in 2015. Originally it offered Bitcoin, Litecoin, and Namecoin. In 2015, the platform listed Ethereum’s native token Ether (ETH). It went ahead to add zCash and Dashcoin. Currently, it is offering to trade from the South African Rand to more than 20 cryptocurrencies.
In 2017, the platform became the second-highest African cryptocurrency exchange by volume. The mainstream media attention to the increasing cryptocurrency prices played a role in boosting Altcoin Trader volume.
In July 2019, the company announced that it would partner with retailers in South Africa to offer trading in gold and silver on their platform.
In April 2019, Altcoin Trader experienced a security breach. Their system went down to public use for 24 hours. The platform acknowledged the attack but stated that no user funds were stolen and that all the vulnerabilities were identified and secured.
