Strong social and media activity also helps growing the values of altcoins. Couple of exchanges apply the maker-taker fee schedule, altcoin gives discount to those bqe who provides liquidity on the market and charge fees to those trade are taking the orders from the order book. Each have its unique feature which gained them popularity among others. Couple of trading site offers the option to trade with CFDs, like Bitmex. Withdrawals are free of charges, you only have to pay the transaction fee to altcoin network.
What is altcoin / crypto trading?
The process begins with issuing a white paper, where the owners of the new trade coin details altcoin features and specifics of the cryptocurrency that will be placed to the market along with the initial prices.
In order bqe start trading, the traders should pocess altcoins that can be transferred from the altcoin wallet to the altcoin exchange. The amount of leverage can be widely different among the sites, the most common leverage bqe by altcoin trading platform is x, but at couple of places the leverage can be increased up to x.
In other cases you have to own altcoins upfront. By purchasing trade certificate which value is linked to an altcoin, all the benefits of the altcoin trading can be enjoyed, without the technical background needed to open a cryptocurrency wallet..