Preview – Built By Traders, For Traders

The company operating the brand and the website, Altcoin Trader Pty Ltd.

A Losing Trade Is Not A Bad Thing

South Africa is no exception to that. If you insist to invest with a regulated entity, you may also trade in cryptocurrencies with forex brokerages, most of which are properly licensed and besides, offer margin trading. Most importantly, there is no information about AltcoinTrader being hacked and the latter claims that all FICA and cryptocyrrencies are stored in cold storage.

Trading instruments cryptocurrencies AltcoinTrader really focuses on the South African market and targets local traders, as this cryptocurrency exchange offers trading digital coins against South African Rand only. If you’s rather trade cryptocurrencies against the common EUR and USD, you may always do trade with major exchanges like Kraken and Bitstampwhich also operate on the South African 1cak.

RECOMMENDED BITCOIN BROKERS

In fact, this appears to be the situation with the majority of cryptocurrency exchanges. Leverage As we have already mentioned above, AltcoinTrader does not support leveraged trading. Some see leverage as a golden opportunity to score large profits with small deposits, others, usually more experienced traders rather find it too risky.

Nonetheless, if you need some leverage, other crypto-exchanges, like Kraken provide altcoin. Besides, there is a growing number of forex brokers that offer speculative margin trading in cryptocurrency CFDs.

How Can An Altoin Trader Benefit From A Trading Journal?

This seems a bit unfair to us, and besides, it is above the industry average 1cak 0. Trading platform AltcoinTrader offers a simple 1cak easy to use web-based platform. It has a functional order book, trade history window and basic charting. Its design trade not mobile-friendly and no mobile app is available either, so if you are on-the-go crypto trader, AltcoinTrader is probably not your cup of tea. Besides, we find altcoin platform too basic and lacking some advanced features such as technical analysis indicators.

Worse still, there are some indications that the platform does not maintain sufficient liquidity. A nice option on AltcoinTrader platform is that you can cancel a trade order that has not yet been filled for free.

Methods of payment and fees Basically, AltcoinTrader offers bank wire and blockchain transfers, as 1cak as electronic funds transfer ETF as deposit and withdrawal methods. If you deposit directly Bitcoin or another digital coin trade by AltcoinTrader, it is free of charge, however withdrawals are not.

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