Does AltCoinTrader offer copy trading or social trading tools?

No, AltCoinTrader does not offer copy trading or portfolio mirroring. Traders seeking to replicate strategies or follow pro traders must rely on other platforms.

What documents are required for AltCoinTrader verification?

Users must provide ID (passport or driver’s license) and proof of residence (utility bill or bank statement) to reach Level 2 or above, unlocking higher withdrawal limits.

Is AltCoinTrader suitable for beginner crypto traders?

Yes, thanks to its simple UI, ZAR pricing, low deposit limits, and Easy Save feature. However, beginners should be aware of the high market order fees and lack of educational tools.

How is AltCoinTrader rated by users and review platforms?

Trustpilot scores AltCoinTrader at 3.5/5 stars (120+ reviews), while ScamAdviser assigns an 88/100 Trustscore. However, some other platforms rate it lower (e.g., io: 1.5/5). These mixed reviews reflect both praise for local accessibility and critique over limited features.

Does AltCoinTrader have its own native token?

No, AltCoinTrader does not issue or utilize a native token for trading discounts, governance, or rewards, which sets it apart from many global exchanges.

Are there any surcharges or hidden costs with fiat deposits?

Yes, while crypto deposits are free, fiat deposits via cash incur a 5% surcharge, and bank-related fees vary. A maximum fee of R95 is applied on some ZAR deposits.

What are the customer support options and hours for AltCoinTrader?

Support is available via email and telephone, operating from 9:00 to 16:30 on weekdays. There is no live chat, which may delay urgent inquiries during non-business hours.

Is there a loyalty or VIP program for high-volume traders?

No, AltCoinTrader uses a flat-fee structure and does not offer fee discounts, tiered VIP levels, or loyalty incentives, regardless of trade volume or tenure.

How secure is AltCoinTrader for holding cryptocurrencies?

AltCoinTrader uses 2FA, SSL encryption, cold storage, and proof of reserves to protect user funds. It has never reported a breach. However, it lacks global tier-1 licensing and insurance protections.

What passive income options are available on AltCoinTrader?

Through its Easy Save feature, AltCoinTrader offers staking-like yields with no lock-in period. Users can earn up to 10.44% APY on TRON, 7.32% on USDT, and 4.4% on Ethereum, making it a rare yield provider among South African exchanges.

Does AltCoinTrader support fiat payments in ZAR?

Yes, AltCoinTrader is one of the few exchanges that supports ZAR directly. Users can fund their accounts using Capitec Pay, bank transfer, credit/debit cards, or crypto wallets.

Can I trade on AltCoinTrader via mobile applications?

Yes, AltCoinTrader has dedicated apps for both Android and iOS platforms. Users can access the same features as on the desktop version, including price charts, buying/selling, and Easy Save.

What is the minimum deposit amount on AltCoinTrader?

The minimum deposit is 0.00001 BTC, or 100 ZAR for fiat (approx. $5 USD). This low threshold makes the platform accessible to micro-investors and beginner traders in South Africa.

Does AltCoinTrader require KYC or verification for trading and withdrawals?

Yes, KYC is mandatory. AltCoinTrader operates a 4-level user system tied to FICA verification. At Level 1, trading is allowed with a withdrawal limit of R1,000. Higher levels unlock larger withdrawal limits upon submitting ID and proof of residence.

What are the trading fees on AltCoinTrader for limit and market orders?

AltCoinTrader charges a flat 0.1% fee on limit orders and a higher 0.75% commission on market orders. While limit order fees are competitive, market order fees are significantly higher than the global average, making strategic trading more cost-effective.

Is AltCoinTrader regulated and legally licensed in South Africa?

Yes, AltCoinTrader is fully regulated in South Africa. It operates under FSP license #53614 as a Crypto Asset Service Provider and an authorized Financial Service Provider. This makes it one of the few African exchanges with legal status, giving users confidence in its compliance and operations.

Does AltCoinTrader offer margin trading?

No, this exchange currently does not offer margin trading or futures.

What cryptocurrencies can I trade on AltCoinTrader?

ACT supports over 30 cryptocurrencies.

Can I use AltCoinTrader if I'm not in South Africa?

Yes, you can register with this exchange from any countries except UN-sanctioned ones.

TradingFinder
Exchanges
AltCoinTrader Review 2025

Writer:

Eda Kaya

Reviewer:

Sinan Aydın

Fact checker:

Ram Nisha

Modified:May 27, 2025

AltCoinTrader Review 2025

Company:AltCoinTrader

Headquarter:

South Africa

Founded:2015

Coins:30

US Accepted:

Max Leverage:1:1

30+ Cryptocurrencies100 ZAR Min. Deposit

Investing and trading in financial markets such as the stock exchange, forex, digital currencies in the form of spot or with leverage face a high inherent risk. According to the statistics of all exchanges and brokers, more than 75% of people lose!

About

AltCoinTrader is a crypto exchange based in South Africa with ZAR as its only accepted fiat currency. It operates as a Crypto Asset Service Provider and authorized Financial Service Provider (FSP# 53614).

Contact

0115682684 support@altcointrader.co.za

Johannesburg, South Africa

Rank and Score

Pros and Cons

User Levels

Pros

Simple User Interface Without Any Complexities

Fast Registration

Proof of Reserves

Cons

Lack of Advanced Trading Features

Limited Selection of Tradable Digital Asests

No Live Chat Support

5 From 5.0

(1)

Rate this post

128

AltCoinTrader charges a flat 0.1% fee for limit orders and a 0.75% commission for market trades. With over 30 cryptocurrencies available for trading, the platform requires a minimum of 0.00001 in Bitcoin deposits and 100 ZAR in USD/USDT fundings.

AltCoinTrader Information + Regulation

Founded in 2015, AltCoinTrader is a South African cryptocurrency exchange. Key Facts:

Legal Name: AltCoinTrader (Pty) Ltd.
Headquarters: Johannesburg, South Africa
Regulatory Status: Licensed Crypto Asset Service Provider and authorized Financial Service Provider (FSP# 53614)

AltCoinTrader Exchange Key Specifications

Here's a quick rundown of what you will face with the discussed company as a crypto exchange:

Exchange	AltCoinTrader
Launch Date	2015
Levels	Level 1-4
Trading Fees	Limit Order: 0.1%, Market Order: 0.75%
Restricted Countries	UN-Sanctioned Countries
Supported Coins	+30
Futures Trading	None
Minimum Deposit	0.00001 in BTC, 100 ZAR in USDT/USD
Deposit Methods	Capitec Pay via Stich, Crypto
Withdrawal Methods	Credit/Debit Cards, Bank Transfers, Crypto
Maximum Leverage	1x
Minimum Trade Amount	N/A
Security Factors	2FA, SSL Certificate, Proof of Reserves, Cold Storage
Services	Easy Save
Customer Support Ways	Email, Ticket, Telephone
Customer Support Hours	9:00-16:30 on Weekdays
Fiat Deposit	ZAR
Affiliate Program	No
Orders Execution	N/A
Native Token	None

Notable Benefits and Drawbacks

This exchange comes with its advantages and disadvantages, similar to its competitors. Let's weigh the good against the bad:

Benefits	Drawbacks
Simple User Interface Without Any Complexities	Lack of Advanced Trading Features
Fast Registration	Limited Selection of Tradable Digital Asests
Proof of Reserves	No Live Chat Support

User Levels + Comparison

AltCoinTrader has set 4 levels for verified users that differentiate in some factors. The table below compares them:

Level	Condition	Limitation
Level 1	None	Unlimited Trades and Deposits with Withdrawals Limited at R1,000
Level 2	Verified FICA Documents	Level 1 + Withdrawals Limited at R200,000 in 24h
Level 3	Level 2 + 2FA Activated for over a month	Level 2 + Withdrawals Limited at R1,000,000
Level 4	Verification with Support Team	No Limits

AltCoinTrader uses a flat-rate system and does not implement user-tiered fee structures, VIP levels, or loyalty incentives.

All users, regardless of volume or tenure, are subject to the same 0.1% trading fee. The absence of a referral or reward program means users won’t benefit from network-building or long-term usage perks.

Trading Fees and Other Commissions

When it comes to fees, AltCoinTrader offers a competitive structure, but it's not without its quirks:

Fee Type	Amount
Limit Order	0.1% of Trade Value
Market Order	0.75% of Trade Value
Maximum Fee in Deposit	0.5% (capped at R95.00)
CASH or EFT Deposit	Determined By the Bank
CASH Deposit Surcharge	An additional 5% for Fiat Deposits
Crypto Withdrawal	Variable
Crypto Deposit	None

For the calculation of profits/losses after closing a trading position in the crypto market, you can use a crypto profit calculator.

Digital Assets Available for Trading

AltCoinTrader supports over 30 cryptocurrencies, all of which are priced directly in ZAR (South African Rand), eliminating the need for exchange rate conversions. ACT supports major coins like:

Bitcoin (BTC)
Ethereum (ETH)
Cardano (ADA)
Tether (USDT)
Dogecoin (DOGE)
Chainlink (LINK)
Polkadot (DOT)
Shiba Inu (SHIB)
Stellar (XLM)

AltCoinTrader also offers access to niche tokens such as Namecoin (NMC), Krugerrand (XAU), Silver (XAG), and BitTorrent (BTT). This range caters well to South African traders seeking access to established and emerging tokens without converting their fiat into USD or EUR.

Futures and Margin Trading

For those looking to amp up their trading game with futures or margin trading, this is not a suitable option for you. AltCoinTrader currently does not offer these advanced trading options.

Signing Up and Verification on AltCoinTrader Exchange

You can easily and quickly create an account on the exchange. Here’s a guide:

#1 Exchange's Official Website

Navigate to AltCoinTRader official website and click "Register".

#2 Registration Form

Fill out the sign up form with the following information:

Username
Account password
Email address

Accept the exchange's terms and conditions. Click the verification link sent to your email to activate the account.

#3 AltCoinTrader Verification

Afterwards, your activation will be complete, and you can log in with your account. For verification, you must complete your profile and provide FICA documents, including:

Proof of ID: Passport or Driving license
Proof of Residence: Utility bill or Bank statement

AltCoinTrader Trading Platform and Its Applications

ACT offers a proprietary trading platform that strikes a balance between functionality and user-friendliness. It is accessible through the website’s homepage and 2 applications on mobile. Download Links:

AltCoinTrader on App Store — AltCoinTrader exchange application on Apple App Store

Safety Measures: Is ACT Secure for Your Assets?

AltCoinTrader has a solid reputation for security, with no reported breaches since its inception. The platform implements two-factor authentication (2FA) and stores most of its digital assets in cold wallets. Safety Factors:

Two-Factor Authentication (2FA): Extra layer of security for your account and data
SSL Encryption: Ensures secure communication between your browser and the exchange
Proof of Reserves: More than the exchange’s liabilities to its clients
Cold Storage: The majority of assets held in offline and off-site storage

The exchange lacks advanced security options like facial recognition, and is not protected by an investor compensation scheme. While it is regulated within South Africa, it does not operate under any Tier-1 global jurisdiction.

Deposit/Withdrawal Options in AltCoinTrader

The exchange caters primarily to the South African market, reflected in its payment options:

Capitec Pay via Stitch: Instant deposits for Capitec bank account holders
Bank Transfers: EFT payments from major South African banks
Credit/Debit Cards: Limited support for card payments
Cryptocurrency Deposits: Direct transfers of supported digital assets

AltCoinTrader has a minimum deposit threshold of 100 ZAR or its equivalent in USD/USDT or 0.00001 BTC. Traders can start with as little as 4 ZAR per order, making the exchange highly accessible for users who wish to invest small amounts or gradually scale up their exposure.

Trust Ratings and Evaluation Scores

AltCoinTrader’s scores on Trustpilot and other sources reflect a mixed bag when it comes to user reviews:

Trustpilot: 3.5/5 stars (based on 120+ reviews)
io: 1.5/5 out of 80+ ratings
ScamAdviser: 88/100 Trustscore, 1.7/5 user score based on more than 20 reviews)

AltCoinTrader on Trustpilot — AltCoinTrader has received above-average scores on Trustpilot

AltCoinTrader Features

The table below will provide a quick look at AltCoinTrader's special crypto features.

Staking	Yes
Yield Farming	Yes
Social Trading	No
Liquidity Pool	No
Crypto Cards	Yes

AltCoinTrader Exchange Support

Regarding customer support, AltCoinTrader offers 2 contact options:

Email: support@altcointrader.co.za
Telephone: 011 568 2684

As mentioned on the website, the support team is available on weekdays from 09:00 to 16:30.

Copy Trading and Passive Earning Methods

AltCoinTrader offers passive income opportunities via its Easy Save feature, allowing users to earn interest on selected cryptocurrencies in their account. Supported assets on ACT Easy Save and respective APYs:

Bitcoin: 4.00%
Ethereum: 4.40%
Tether (USDT): 7.32%
Cardano: 5.08%
TRON: 10.44%
South African Tether: 5.23%

This makes AltCoinTrader a rare local exchange with built-in staking-like features, offering yield to long-term holders. ACT Easy Save key features:

No fees for holding assets
No lock-in period

AltCoinTrader does not offer copy trading, portfolio mirroring, or automated investment strategies.

Users seeking to follow expert traders or engage in passive portfolio replication will need to explore third-party platforms or exchanges with social trading features.

Which Countries Are Restricted by AltCoinTrader?

Based on the available data on official sources, the exchange does not accept clients from UN-sanctioned countries, which include:

Iran
North Korea
Yemen
Iraq
Sudan
Libya
And more

AltCoinTrader restricted countries and regions

AltCoinTrader Comparison Table

Let's see where ACT exchange stands in comparison with other platforms regarding services.

Features	AltCoinTrader Exchange	Binance Exchange	Gate.io Exchange	LBank Exchange
Number of Assets	30+	400+	2500+	700+
Maximum Leverage	1:1	1:125	1:100	1:125
Minimum Deposit	100 ZAR	$1	N/A	N/A
Spot Maker Fee	0.1%	0.02% - 0.1%	0.055% - 0.2%	0.1%
Spot Taker Fee	0.1%	0.04% - 0.1%	0.065% - 0.2%	0.1%
Mandatory KYC	Yes	Yes	Yes	Yes
Futures Trading	No	Yes	Yes	Yes
Mobile Application	Yes	Yes	Yes	Yes
Fiat Payment	Yes	Yes	Yes	Yes
Staking	Yes	Yes	Yes	Yes
Copy Trading	No	Yes	Yes	Yes

Writer's Opinion and Conclusion

AltCoinTrader provides 4 payment methods [Capitec Pay, bank transfer, credit/debit cards, crypto] for making deposits and withdrawals.

The company has received a 3.5/5 score on “Trustpilot” with 120+ reviews. Also, “ScamAdviser” has given a 88/100 Trustscore to ACT.

FAQs

Can I use AltCoinTrader if I'm not in South Africa?: Yes, you can register with this exchange from any countries except UN-sanctioned ones.
What cryptocurrencies can I trade on AltCoinTrader?: ACT supports over 30 cryptocurrencies.
Does AltCoinTrader offer margin trading?: No, this exchange currently does not offer margin trading or futures.
Is AltCoinTrader regulated and legally licensed in South Africa?: Yes, AltCoinTrader is fully regulated in South Africa. It operates under FSP license #53614 as a Crypto Asset Service Provider and an authorized Financial Service Provider. This makes it one of the few African exchanges with legal status, giving users confidence in its compliance and operations.
What are the trading fees on AltCoinTrader for limit and market orders?: AltCoinTrader charges a flat 0.1% fee on limit orders and a higher 0.75% commission on market orders. While limit order fees are competitive, market order fees are significantly higher than the global average, making strategic trading more cost-effective.
Does AltCoinTrader require KYC or verification for trading and withdrawals?: Yes, KYC is mandatory. AltCoinTrader operates a 4-level user system tied to FICA verification. At Level 1, trading is allowed with a withdrawal limit of R1,000. Higher levels unlock larger withdrawal limits upon submitting ID and proof of residence.
What is the minimum deposit amount on AltCoinTrader?: The minimum deposit is 0.00001 BTC, or 100 ZAR for fiat (approx. $5 USD). This low threshold makes the platform accessible to micro-investors and beginner traders in South Africa.
Can I trade on AltCoinTrader via mobile applications?: Yes, AltCoinTrader has dedicated apps for both Android and iOS platforms. Users can access the same features as on the desktop version, including price charts, buying/selling, and Easy Save.
Does AltCoinTrader support fiat payments in ZAR?: Yes, AltCoinTrader is one of the few exchanges that supports ZAR directly. Users can fund their accounts using Capitec Pay, bank transfer, credit/debit cards, or crypto wallets.
What passive income options are available on AltCoinTrader?: Through its Easy Save feature, AltCoinTrader offers staking-like yields with no lock-in period. Users can earn up to 10.44% APY on TRON, 7.32% on USDT, and 4.4% on Ethereum, making it a rare yield provider among South African exchanges.
How secure is AltCoinTrader for holding cryptocurrencies?: AltCoinTrader uses 2FA, SSL encryption, cold storage, and proof of reserves to protect user funds. It has never reported a breach. However, it lacks global tier-1 licensing and insurance protections.
Is there a loyalty or VIP program for high-volume traders?: No, AltCoinTrader uses a flat-fee structure and does not offer fee discounts, tiered VIP levels, or loyalty incentives, regardless of trade volume or tenure.
What are the customer support options and hours for AltCoinTrader?: Support is available via email and telephone, operating from 9:00 to 16:30 on weekdays. There is no live chat, which may delay urgent inquiries during non-business hours.
Are there any surcharges or hidden costs with fiat deposits?: Yes, while crypto deposits are free, fiat deposits via cash incur a 5% surcharge, and bank-related fees vary. A maximum fee of R95 is applied on some ZAR deposits.
Does AltCoinTrader have its own native token?: No, AltCoinTrader does not issue or utilize a native token for trading discounts, governance, or rewards, which sets it apart from many global exchanges.
How is AltCoinTrader rated by users and review platforms?: Trustpilot scores AltCoinTrader at 3.5/5 stars (120+ reviews), while ScamAdviser assigns an 88/100 Trustscore. However, some other platforms rate it lower (e.g., io: 1.5/5). These mixed reviews reflect both praise for local accessibility and critique over limited features.
Is AltCoinTrader suitable for beginner crypto traders?: Yes, thanks to its simple UI, ZAR pricing, low deposit limits, and Easy Save feature. However, beginners should be aware of the high market order fees and lack of educational tools.
What documents are required for AltCoinTrader verification?: Users must provide ID (passport or driver’s license) and proof of residence (utility bill or bank statement) to reach Level 2 or above, unlocking higher withdrawal limits.
Does AltCoinTrader offer copy trading or social trading tools?: No, AltCoinTrader does not offer copy trading or portfolio mirroring. Traders seeking to replicate strategies or follow pro traders must rely on other platforms.