Suppose you’re from South Africa and on the hunt for a crypto exchange that focuses solely on your region. In that case, the precise specialization of AltcoinTrader for SA traders might be exactly what you’re looking for.
It is best known for its wide range of popular coins. Imagine trading with no minimum deposit and having the freedom to use any trading strategy. These are just some of the non-typical features that spark every trader’s curiosity when looking for their matchmade crypto exchange.
But here’s the thing: it lacks advanced trading features, its limited selection isn’t for everybody, and it’s only available for South African traders.
The question remains — is this cryptocurrency platform still worth a try? Read this TRU Insight to find out.
Overview Features of AltCoinTrader Crypto Platform
Thinking about trying AltCoinTrader? Here’s a quick overview of the features that traders often look for:
| Trading Accounts | Standard |
| Trading Platform | TradingView Basic |
| Currency | South African Rand (ZAR) |
| Deposit and Withdrawal Methods | Bank accounts, Credit card, and crypto wallets |
| Leverage | 1:1 |
| Commission | 0.75% |
| Supported Coins | 30+ crypto coins |
| Minimum Order | From 0 |
| Mobile Trading | Yes |
While this overview summarizes AltCoinTrader, it’s still best to gauge all the promising details.
Spoiler alert: This crypto platform has received a fair share of both positive and negative reviews from experienced traders.
Join CommuniTrade to access the practical insights and genuine experiences of verified traders on crypto exchanges, like AltCoinTrader.
AltCoinTrader Company Overview: Background, History, CEO
The story began when the founder and CEO, Richard de Sousa, wasn’t satisfied with his Bitcoin exchange experience on Mt. Gox.
Related: Mt. Gox History: Crypto Pioneer to $1000B Bitcoins Loss – TradersUnited
Fortunately, this man is techy enough to build his own company. That’s when AltCoinTrader was introduced in 2015 with the legal name AltCoin Trader Pty Ltd. This crypto company is specifically headquartered in Johannesburg, South Africa.
AltCoinTrader is known as one of the first crypto exchanges in South Africa that allowed users to buy various popular cryptocurrencies directly with South African Rand (ZAR). And as time goes by, the platform allows access to various cryptocurrencies, including Ethereum, Monero, and more.
Is AltCoinTrader Safe or Scam? Background Check of Issues and License
One of the most remarkable things about AltCoinTrader is its competitive regulatory compliance. This crypto platform is regulated by the Financial Sector Conduct Authority (FSCA), operating with the Category I and Category II license (FSP#53614).
Beyond its regulatory compliance, it’s noteworthy to explore the 2019 AltCoinTrader security breach.
A malicious hacker was identified in Egypt. As a result, the system was down and remained unavailable for over a day. Nevertheless, this platform exploit was addressed immediately, stating that no funds were lost.
That’s why, nowadays, AltCoinTraders’ top priority is to provide a secure trading platform.
Read more: 2024 Guide to Cryptocurrency Regulations in South Africa
AltCoinTrader: In-Depth Feature Breakdown and Honest Review
AltCoinTrader combines competitive commissions with easy ZAR withdrawals. Its fees and trading commissions deserve a closer look before signing up—especially considering South African crypto regulations and mixed customer reviews.
Trader Fees
AltCoinTrader charges a flat maker and taker fee of 0.10%, while market orders via Easy Buy/Sell incur a higher commission of 0.75%.
However, some CommuniTrade members find its fee structure confusing. They notably highlight that the platform does not clearly show the full fee schedule before placing a trade.
Trading Commissions
Standard trades have a 0.10% commission, but Easy Buy/Sell orders are subject to a 0.75% commission. Additional network fees apply for blockchain transactions, varying by crypto.
Withdrawal Fees
ZAR withdrawals incur a 0.5% fee (capped at R95) per transaction, while BTC withdrawals cost 0.00057 BTC per transfer.
Withdrawals are typically processed within 1-2 working days. However, our experts reported that instant cash-outs are available for an additional 1% fee.
Customer Support
Support is available via email ([email protected]) and phone (+27 11 568 2684) from 9:00 AM to 4:30 PM, Monday through Friday.
Thus, the downside that our experts noted is the lack of consistent live chat support.
Security Features
AltCoinTrader enforces 2FA, biometric login (Face ID, fingerprint), AES-256 encryption, and cold storage for 98% of assets.
Educational Resources
Resources like webinars, detailed FAQs, and platform guides aim to educate users while they trade. This focus on learning is beneficial for those who want to deepen their understanding of crypto markets and strategies.
However, our experts highlighted that the lack of in-app learning modules lags AltCoinTrader behind Luno, its leading competitor.
Read more: 5 Best Cryptocurrency Exchanges in South Africa 2025
What are the Pros and Cons of AltCoinTrader?
Weighing the risks and good points when entering a crypto platform would save you time, money, and energy. So, here are the overviews that are sourced from both first-hand experience of our verified community traders:
| Pros | Cons |
| Extensive digital currencies | Withdrawal fees are charged |
| Staking Rewards | Futures and Margin Trading is unavailable |
| Mobile Trading Accessibility | Limited Trading Platforms |
| No minimum deposit | High fees for fiat deposits |
| Low trading fees at 0.1% | Limited global accessibility and fiat: ZAR currency only |
Read more: The Future of Crypto: Profitable Investment Opportunities in 2025 and Beyond
FAQ
Which countries are restricted by AltCoinTrader?
AltCoinTrader does not accept users from countries sanctioned by the United Nations and those that prohibit or illegalize cryptocurrency usage. This includes Iran, North Korea, Yemen, Iraq, Sudan, Libya, and others.
Is altcoin Trader legit?
Yes. Registered as AltCoinTrader Pty Ltd (FSP# 53614). It’s licensed under the rules of the South African Financial Sector Conduct Authority and claims that 98% of assets are held in cold storage with AES-256 encryption and 2FA in place.
How to buy Bitcoin on AltCoinTrader?
Start by accessing your AltcCoinTrader account to begin your Bitcoin purchase. Here are the four easy steps to do so:
- Log in with your email address and password.
- Go to the Markets tab and choose Bitcoin (BTC).
- Enter the amount and price to buy, then click ‘Buy’ and confirm the pop-up order.
- If it’s not market‑matched instantly, check My Current Buy Offers until completed.
How to register on Altcoin Trader account?
Begin your crypto journey by creating a secure AltCoinTrader account.
- Visit altcointrader.co.za and click Register.
- Provide a username, email, and strong password.
- Agree to terms and click to receive an activation email.
- Click the email link, return to the site, and complete KYC verification by uploading ID and a selfie.
Final Verdict: Is AltCoinTrader Still Worth It in 2025
Let’s be real: this conclusion arrives with the realization that AltCoinTrader is not that extensive compared to other crypto platforms. It’s designed for traders who prefer a simple and easy way to trade.
While the demo account, low minimum deposit, user-friendly platforms, and all beginner-friendly features are a good edge, AltCoinTrader needs innovative ways to stay competitive. Overall, this crypto platform is worth it for selected traders only.
If you want to know more about other crypto exchanges that are worth comparing with AltCoinTrader, see what the seasoned traders are vouching for in CommuniTrade. Get access to insightful conversations, plus more exciting perks that await you!
