FSCARegulated
South Africa Crypto Asset Trading License (AGN)
AltCoinTrader
Regulated in South Africa
Crypto Asset Trading License (AGN)
Basic Information
Country/RegionSouth Africa
Exchange AbbreviationAltCoinTrader
Company NameALTCOIN TRADER (PTY) LTD
Operating Period10-15 years
Websitehttps://www.altcointrader.co.za/
Trade TypeFiat Trading
RiskNotice
1 risk alerts
- License No.
- 53614
- Regulatory Jurisdiction
- South Africa
- Licensed Entity
- ALTCOIN TRADER (PTY) LTD
- Effective Date
- 2024-04-24
- Sharing Status
- No
User Feedback
3
The trading fees of AltCoinTrader are really too high, it's simply robbing money! Moreover, the customer service is also very poor, they can't solve any problems at all.
Seriously frustrated with AltCoinTrader's user interface! Feels incredibly outdated. Low liquidity is a huge concern too.
I was introduced to Trustmarket1 by a trader called Raymond James And got interested, because it was the first time meeting this person I decided I will start low with 1k then that's what I did I was told that I could make my withdrawal within two days I was given a link to open a Trustmarket1 account and I did that,then started trading The next day morning I received a message saying that I need to pay R5500 in order to make the withdrawal Which I was never told about.
Exchanges with 24H trading volume exceeding --
0 /100
$1,160,000
8.70% Exchange Overview
Exchange Overview
An intermediary providing access to digital asset trading, liquidity, and OTC services for users.
Business Region
InfluenceB0
2
4
6
8
10
News
119
Why Is Forex Trading More Popular Than Bitcoin In South Africa?
South Africa is the biggest forex market in Africa. To put this into perspective, South Africa‘s daily trading volume is $2.21 billion, which is a far cry from Nigeria’s $314 million daily turnover. Moreover, the average customer deposit in SA to South African forex brokers is $742, while in Nigeria, deposits average $514.42. That said, you would expect the two countries to have a similar appetite for bitcoin. Well, that is not the case. While Nigerians have adopted bitcoin massively, bitcoin popularity is not as much in South Africa. Why is Forex more popular than Bitcoin in South Africa？ According to Paxful data, Nigeria is the second biggest bitcoin market globally, only second to the United States. Nigerians have traded about 60215 bitcoins in the last five years totaling about $566 million. The country has recorded a 19% volume since 2017. On the other hand, South Africa ranks 10th globally with a total volume of $18 935 812 in the same period. The big question is why bitcoin is not widespread in South Africa like in Nigeria. Below are some of the main reasons. Lets delve right in. The Government Is Clamping Down On Crypto Users The South African Revenue Services has sent taxpayers audits requesting
Thailand’s central bank warns against ‘illegal’ THT stablecoin
The Bank of Thailand has issued a stern warning against a privately issued stablecoin pegged to the national currency, the Thai Baht. According to a Bangkok Post report on March 18, the central bank has told citizens that Thai Baht Digital (THT) has no legal assurances or protection and that users could be at risk of cyber theft or money laundering Citing a sixty-year-old law, the central banks assistant governor of the legal group, Pruettipong Srimachand, stated that any activities involving the stablecoin are considered illegal: “The creation, issuance, usage or circulation of any material or token for money is a violation of Section 9 of the Currency Act 1958.” The stablecoin is issued on the Terra platform which has produced various other stablecoins including the TerraUSD, first issued in September 2020, and TerraKRW. It is also behind the Chai payments app, an e-commerce wallet powered by stablecoins that is widely used across Asia. The THT is pegged to the Thai Baht raising fears it could cause fragmentation of the Thai currency system should it attempt to compete with the central bank issued currency. Mr Pruettipong added: “Such usage would ultimately affect the general publics confidence in the stability of the national currency system, which is
Arthur Hayes seeks voluntary surrender in Hawaii court with $10 million bail
Marie Huillet 45 minutes ago Arthur Hayes seeks voluntary surrender in Hawaii court with $10 million bail Lawyers for the former CEO of crypto derivatives exchange BitMEX are proposing Hayes voluntary appearance on April 6, with his potential release on bail subject to a $10 million personal recognizance bond. 3185 Total views 14 Total shares Listen to article 0:00 News Lawyers negotiating on behalf of Arthur Hayes, one of four BitMEX executives and co-owners accused of violating the Bank Secrecy Act by United States authorities, have finalized the terms of his proposed voluntary surrender to a Hawaii court on April 6. As a letter submitted to the Southern District Court of New York outlines, the counsel's negotiations with the government on behalf of Hayes began shortly after his indictment was unsealed in Oct. 2020. The proposed bail conditions, which are subject to the court's approval, stipulate that Hayes, who has lived in Singapore since Jan. 2020, would potentially be released on a $10 million personal recognizance bond, secured by $1 million in cash and co-signed by his mother. Further proposed conditions include Hayes' retention of a passport for travel between Singapore and the U.S., and his execution of a waiver of extradition