[Exchanges](https://revain.org/exchanges/) › AltCoinTrader

# AltCoinTrader: licences, security, fees and reviews

Centralized exchange

## In short

- **Legal entity**: AltCoinTrader (Pty) Ltd, private company registered in South Africa, registration number 2015/418624/07
- **Fees**: Spot maker: 0.50% at tier 1 (R 0 - R 100 000 30-day volume), down to -0.01% at tier 6
- **Risks and caveats**: The terms say buying, selling, saving and holding crypto on AltCoinTrader carries a risk of partial or total financial loss.
- **Checked**: 31 October 2026

## Key facts

- **Type**: Centralized exchange
- **Country of registration**: South Africa
- **Operator**: AltCoinTrader (Pty) Ltd
- **Official site**: [altcointrader.co.za](https://altcointrader.co.za/)

Key facts checked on 31 October 2026 against official sources.

## What is AltCoinTrader

AltCoinTrader is a South African centralised crypto exchange operated by AltCoinTrader (Pty) Ltd, which describes itself as a licensed crypto asset service provider and authorised financial services provider (FSP 53614). It offers order-book trading against the rand-pegged token xZAR, easy buy/sell, Easy Save rewards and ACT Pay payments.

## Good to know

- Order-book markets are quoted against xZAR, a rand-pegged token, rather than directly against the rand. [↗](https://altcointrader.zendesk.com/hc/en-gb/articles/8492395744028-What-is-xZAR)
- Since 1 June 2026 trading fees are tiered by 30-day volume: from 0.50% maker / 0.60% taker at the base tier. [↗](https://altcointrader.co.za/news)
- Card deposits in rand cost 5% for local cards and 7% for international cards. [↗](https://altcointrader.co.za/trading-fees)
- Unverified (level 1) accounts can withdraw only R 100 in total; higher limits need FICA documents. [↗](https://altcointrader.zendesk.com/hc/en-gb/articles/360007423439-What-are-the-account-levels)
- Accounts dormant for at least 12 months may be frozen without notice. [↗](https://altcointrader.co.za/terms-and-conditions)
- The proof-of-reserves page linked in the footer shows no reserve figures. [↗](https://altcointrader.co.za/proof-of-reserves)

## Services

| Parameter | Details |
|---|---|
| Spot trading | Order-book trading of crypto against xZAR, including BTC, ETH, XRP and USDT |
| Staking / Earn | Easy Save: rewards on deposited crypto and ZAR with no lock-in period and no fees |
| Card | ACT Pay: QR-code payments at South African merchants, powered by Zapper and ScanTo Pay |
| Fiat deposits | Rand deposits via Capitec Pay, ABSA Pay and card payments through Stitch |
| Custody / wallet | Physical gold coins can be deposited and are credited as XAU (1 XAU = 1 ounce coin) |

## Licences and registrations

| Jurisdiction | Entity | Licence / registration | Regulator |
|---|---|---|---|
| South Africa | AltCoinTrader (Pty) Ltd | Crypto asset service provider and authorised financial services provider, FSP number 53614 (as stated by the exchange) | [Financial Sector Conduct Authority (FSCA)](https://altcointrader.co.za/terms-and-conditions) |

## Security and audits

- AltCoinTrader applies the FATF Travel Rule, implemented in South Africa by the Financial Intelligence Centre, from 30 April 2025.
- Withdrawal limits rise with verification level, from R 100 in total for unverified accounts.

## Security incidents

Incidents are reported by third parties (press, incident databases) but are not confirmed in the company’s own channels, so none is listed here.

## Fees

| Parameter | Details |
|---|---|
| Spot maker | 0.50% at tier 1 (R 0 - R 100 000 30-day volume), down to -0.01% at tier 6 |
| Spot taker | 0.60% at tier 1, down to 0.05% at tier 6 (over R 250 000 000) |
| Deposits | Crypto deposits free; rand deposits 2% (Capitec Pay, max R95), 2.5% (ABSA Pay), 5% / 7% (cards) |
| Withdrawals | Crypto withdrawal fees per asset and network, e.g. 0.00012 BTC |

## Who can use it

- Verification: Verification levels: level 1 after phone and ID number; level 2 requires verified FICA documents; level 3 adds two-factor authentication active for over a month.
- OTC accounts are not available to citizens or residents of UN-sanctioned countries or to registered US taxpayers.

## History

| Date | Event |
|---|---|
| January 2016 | The exchange's homepage offers BTC, LTC and NMC trading. |
| May 2018 | xZAR, the rand-pegged token used for AltCoinTrader's markets, is created. |
| 30 April 2025 | The Travel Rule takes effect for AltCoinTrader transfers. |
| 11 May 2026 | A major system upgrade adds easy buy/sell for over 150 assets and a new API. |
| 1 June 2026 | A tiered maker/taker fee structure replaces the previous fees. |

## Risks and caveats

- The terms say buying, selling, saving and holding crypto on AltCoinTrader carries a risk of partial or total financial loss.
- Deposits sent to a wrong address or with wrong bank details may be lost with no recourse against AltCoinTrader.
- Markets settle in xZAR, a token pegged to the rand, rather than in rand itself.
- No proof-of-reserves figures are shown on the exchange's proof-of-reserves page.

## About the company

- **Legal entity**: AltCoinTrader (Pty) Ltd, private company registered in South Africa, registration number 2015/418624/07
- **Headquarters**: South Africa; terms governed by South African law

## Official links

- Website: [altcointrader.co.za](https://altcointrader.co.za/)
- Fees: [altcointrader.co.za/trading-fees](https://altcointrader.co.za/trading-fees)
- Proof of reserves: [altcointrader.co.za/proof-of-reserves](https://altcointrader.co.za/proof-of-reserves)
- Terms of use: [altcointrader.co.za/terms-and-conditions](https://altcointrader.co.za/terms-and-conditions)
- Status: [altcointrader.co.za/status/wallet](https://altcointrader.co.za/status/wallet)
- Blog: [altcointrader.co.za/news](https://altcointrader.co.za/news)

## Questions and answers

**Is AltCoinTrader regulated?**

AltCoinTrader (Pty) Ltd states it is a licensed crypto asset service provider and authorised financial services provider with FSP number 53614 in South Africa.

**What are AltCoinTrader's fees?**

Trading fees are tiered by 30-day volume, starting at 0.50% maker and 0.60% taker. Crypto deposits are free; rand deposits cost 2% to 7% depending on the method.

**Who owns AltCoinTrader?**

The exchange is operated by AltCoinTrader (Pty) Ltd, a South African private company (registration number 2015/418624/07).

**Does AltCoinTrader publish proof of reserves?**

It has a proof-of-reserves page, but the page shows no reserve figures.

**What is xZAR on AltCoinTrader?**

xZAR is a token pegged 1:1 to the South African rand, created in May 2018, and AltCoinTrader's markets are quoted against it.

## Sources

- [AltCoinTrader - Home](https://altcointrader.co.za/)
- [AltCoinTrader - Terms & Conditions](https://altcointrader.co.za/terms-and-conditions)
- [AltCoinTrader - Trading fees](https://altcointrader.co.za/trading-fees)
- [AltCoinTrader - Contact us](https://altcointrader.co.za/contact-us)
- [AltCoinTrader - News](https://altcointrader.co.za/news)
- [AltCoinTrader Help Centre - What is xZAR?](https://altcointrader.zendesk.com/hc/en-gb/articles/8492395744028-What-is-xZAR)
- [AltCoinTrader Help Centre - What are the account levels?](https://altcointrader.zendesk.com/hc/en-gb/articles/360007423439-What-are-the-account-levels)
- [AltCoinTrader Help Centre - Travel Rule](https://altcointrader.zendesk.com/hc/en-gb/articles/19804681494044-Travel-Rule)
- [AltCoinTrader home page, 17 January 2016 (Wayback)](https://web.archive.org/web/20160117205246id_/http://altcointrader.co.za/)

## More in this section

- [Foxbit](https://revain.org/exchanges/foxbit/)
- [Bitbuy](https://revain.org/exchanges/bitbuy/)
- [ZBX](https://revain.org/exchanges/zbx/)
- [Coinsquare](https://revain.org/exchanges/coinsquare/)
- [Giottus](https://revain.org/exchanges/giottus/)
- [Stellar Decentralized Exchange](https://revain.org/exchanges/stellar-decentralized-exchange/)
- [All Exchanges →](https://revain.org/exchanges/)

## How voting works

Votes are anonymous and carry no text. Each device has one vote per item; press the same button again to remove it. Cloudflare Turnstile checks that a person is voting. We keep a random device ID in a cookie and a salted hash of the IP address to limit abuse — no names, no accounts. Votes are visitors’ opinions, not investment advice.

Page updated: 2026-11-01

---
Source: https://revain.org/exchanges/altcoin-trader/