Year in Review 2019

Year in Review 2019
2019 was an exciting year for cryptocurrencies not only on a global scale but also in South Africa. The year saw many price fluctuations, various announcements of mainstream adoptions and partnership and of course, tighter regulations. It is clear that the world is leaning towards a new financial system that includes cryptocurrencies. We take a look at what exciting developments took place on South Africa’s favourite cryptocurrency exchange, AltCoinTrader during 2019.

Top traded cryptocurrencies on AltCoinTrader

Cryptocurrencies are gaining in popularity. So what cryptocurrencies are the most popular amongst South Africans?

Majority of South African traders bought and sold Bitcoin on AltCoinTrader during 2019 with Bitcoin trades amounting to 85% of all trades on the exchange. According to data, the following coins were traded the most on AltCoinTrader during 2019:
  • Bitcoin (BTC) - 85%
  • Ripple (XRP) - 4%
  • Tether (USDT) - 3%
  • Ether (ETH) - 3%
  • Litecoin (LTC) - 2%
  • Other 3%

Trade cryptos anywhere with the AltCoinTrader mobile app

In order to make it easier to buy and sell cryptocurrencies anywhere in the world, AltCoinTrader launched a mobile app that is now available on Google Play to download. AltCoinTrader has more than 24 crypto trading pairs and offers traders an easy to use and secure trading platform.

Pay less for trading fees

Less is more. With that said, AltCoinTrader announced in September 2019 that it would be slashing trading fees by more than 50%. The upgrade to the platform makes it more convenient and flexible for customers to trade. No need to worry about expensive trading fees negatively impacting profits.

The exchange also reduced deposit and withdrawal fees with the aim of giving traders a better trading experience.

Buy, sell and trade Gold, Silver and BAT

AltCoinTrader expanded investment opportunities for a more diverse portfolio by adding Gold and Silver. All Gold and Silver are fully backed by physical gold and silver and can be traded in ounces.

Conveniently, Gold comes in the form of Krugerrand which in most cases, consist of any one-ounce gold coin. The assets are securely stored at third party vaults from where it is withdrawn or deposited for additional security.

How it works is that you deposit money into your AltCoinTrader account. You can buy Gold and Silver with South African Rands. Trade with the Gold and Silver until you have one-ounce units that can be withdrawn. You would be paid out in Krugerrands which will be delivered to you.

Almost everyone is looking to make some extra money. AltCoinTrader has listed more digital assets to allow users to do just this. Basic Attention Token (BAT) enables traders to earn a passive income by simply using the Brave browser and trade their tokens on AltCoinTrader. The open-sourced web browser is free to use and even blocks ads and website trackers. If you’re a content creator, other users can tip you with BAT tokens.

The AltCoinTrader team is already hard at work to bring traders more exciting listings, products and services to make 2020 a great trading year. We wish all our loyal customers a prosperous new year!