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AltCoinTrader provides low trading fees, a TradingView Basic trading platform, and offers mobile trading through apps for Android, iOS, and Huawei devices. The exchange also features an easy exchange service called Easy Buy & Sell but does not offer investment opportunities or a partnership program.
Traders Union conducted an AltCoinTrader review and found it to be a young and progressive cryptocurrency exchange based in South Africa. The platform offers favorable trading conditions and allows access to popular cryptocurrencies like Bitcoin, Ethereum, and Ripple.
Pros and cons of AltCoinTrader
Traders Union looks at both the substantial advantages and potential disadvantages of their brokerage services.
Pros:
- All popular cryptocurrencies and tokens are available with the option to deposit in fiat money.
- Low trading fees of 0.1% regardless of trading volume.
- Easy exchange service for cryptocurrencies and coins.
- User-friendly platform with a simple and intuitive interface.
- Robust security measures including SSL certificate and protection against DDoS attacks.
- No minimum deposit requirement or regional restrictions.
- No limitations on trading strategies.
Cons:
- Only accepts South African rand as fiat currency, no other options available.
- No passive income opportunities are provided by the exchange.
Expert review of AltCoinTrader
According to experts at Traders Union, AltCoinTrader, launched in 2015, attracts traders worldwide with its favorable conditions and lack of regional restrictions.
Here are the key points highlighted by Traders Union experts:
- Low fees: The platform offers competitive trading fees of 0.1% for both takers and makers across all assets, which is considered significantly low in the industry.
- No trading levels: AltCoinTrader does not have different trading levels, providing equal fee structures for all users.
- Fee transparency: The exchange has no deposit fees, and while withdrawal fees are average, they are clearly specified. For example, the withdrawal fee for Bitcoin is 0.00057 BTC.
- No platform token: AltCoinTrader operates without its own token, relying on high trading volume and a steady influx of new users to sustain its infrastructure.
- Potential future features: Although not currently available, experts speculate that the exchange may introduce referral and loyalty programs, as well as investment options in the future.
Comparison of AltCoinTrader with other Brokers
Traders Union conducts a comprehensive comparison of AltCoinTrader with other leading brokerage firms in the market, analyzing their features and offerings in detail.
Bybit
Bybit specializes in derivatives trading with advanced features, while AltCoinTrader primarily targets South African traders, offering a platform with a focus on popular cryptocurrencies and low fees.
OKEx
OKEx is a global exchange with diverse offerings including spot, futures, and options trading, while AltCoinTrader primarily targets South African traders with popular cryptocurrencies and low fees.
Binance
While AltCoinTrader primarily targets South African traders with well-known cryptocurrencies and affordable fees, Binance is one of the biggest and most well-liked cryptocurrency exchanges in the world, offering a huge range of trading pairs, cutting-edge features, and a variety of trading possibilities.
Huobi Global
As mentioned, AltCoinTrader primarily targets South African traders with well-known cryptocurrencies and affordable fees. On the other hand, Huobi Global is a well-known global exchange with a broad choice of trading instruments, cutting-edge features, and an emphasis on security and compliance.
KuCoin
KuCoin is a well-known exchange with a wide selection of cryptocurrencies, a user-friendly interface, and additional features like staking and lending, but as we know, AltCoinTrader targets South African traders with popular cryptocurrencies and low fees.
It is worth considering that AltCoinTrader, like other exchanges, can benefit from the enhanced security features offered by Trezor Wallet, a popular hardware wallet known for its robust protection of digital assets and private keys. By using a Trezor Wallet, traders can add an extra layer of security to their cryptocurrency holdings, regardless of the platform they choose to trade on.
Conclusion
In conclusion, AltCoinTrader emerges as a young and progressive cryptocurrency exchange, offering favorable trading conditions and a user-friendly platform. With low trading fees, a variety of popular cryptocurrencies, and robust security measures, it appeals to traders worldwide. For more detailed information, visit the Traders Union website.
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of NewsBTC. NewsBTC does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.
