In fact, this appears to be the situation with the majority of cryptocurrency exchanges. Leverage As we have already mentioned above, AltcoinTrader does not support leveraged trading. Some see leverage as a golden opportunity to score large profits with small deposits, others, usually more experienced traders rather find it too risky.
Nonetheless, if you need some leverage, other crypto-exchanges, like Kraken provide such. Besides, there is a growing number of forex brokers that offer speculative margin trading in cryptocurrency CFDs. This seems a bit unfair to us, and besides, it is above the industry average of 0.
Trading platform AltcoinTrader offers a simple and easy to use web-based platform. It has a functional order book, trade history window and basic charting.
Its design is not mobile-friendly and no mobile app is available either, so if you are on-the-go crypto trader, AltcoinTrader is probably not your cup of tea. Besides, we find the platform too basic and lacking some advanced features such as technical analysis indicators.
Worse still, there are some indications that the platform does not maintain sufficient liquidity. A nice option on AltcoinTrader platform is that you can cancel a trade order that has not yet been filled for free. Methods of payment and fees Basically, AltcoinTrader offers bank wire and blockchain transfers, as well as electronic funds transfer ETF as deposit and withdrawal methods. Some of the altcoins have a supporting community behind them which facilitates the marketing activity of the coins.
Dash even works as a corporation with decision making board and a development team concentrating on updates and new features. Strong social and media activity also helps growing the values of altcoins.
Altcoins can be traded on the market just like bitcoin with the help of cryptocurrency trading platforms. The market is continually growing, the popularity of ETH altcoins trades have been increasing recently.
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Altcoin trading works similar to the forex trading, so general background knowledge of the forex markets can be beneficial for new traders.