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.
If you deposit directly Bitcoin or another digital coin supported by AltcoinTrader, it is free of charge, however withdrawals are not. If you chose to deposit or withdraw in ZAR South African Randsthe only fiat currency supported by this exchange, transfers are charged with 0.
Also, keep in mind that all deposits and withdrawals at AltcoinTrader are processed by a human team member, so they might take a little longer than an automated system. A South African crypto-exchange, AltcoinTrader basically allows its clients to deposit in the local currency to buy cryptocurrencies or to cash out their digital coins in South African Rand.
It does not offer inter-cryptocurrency trading, nor leveraged trading. Besides, we find the trading fees applied by AltcoinTrader above the average, its platform too basic and with low liquidity. To sum up the above: By the time other users have had the chance to set themselves up to start mining, the developer may have already conducted their own instamine.
Another ninja launch tactic is to create an announcement with only very basic information, conduct and instamine, then add more information to attract interest only after a significant amount of coins have already been mined.
In cryptocurrency it is generally used to refer to negative talk about a coin which is inaccurate or misleading, often posted in forums and through social media. This kind of FUD may be the result of a genuine fear response among the holders of a coin whose value is crashing, or it may be deliberately spread in order to suppress the price — either by competing coins, speculators looking to pick up a bargain before hyping the coin later, or just by angry trolls with some kind of grudge.
Some coins have anonymous developers who do not reveal their real identity. But if the developers are anonymous then there is a greater risk that they will disappear, and this can be especially risky if there is a premine that they may be able to dump for an easy profit before they vanish. The rate at which new coins are generated and the pattern by which this changes over time. An investment scam in which initial investors are paid returns from the capital of subsequent investors, and an ever-increasing supply of new investors is therefore needed for returns to be paid.
If there is no reason for people to buy a coin as anything other than an investment, or if its creators never intend to pursue regular users, for example, then it may be described as a ponzi scheme. A whale is a large holder, who owns enough coins to move the market by a substantial amount when they buy or sell. A casual term used to refer to automated trading software.