News

AltCoinTrader has prepared it's systems for the Ethereum London Upgrade scheduled for 3 - 5 August 2021.

Trading of ETH and all ERC-20 tokens (BAT, COMP, DAI, LINK, USDT and XZAR) will continue unaffected during this time period. No deposits or withdrawals will be processed from 5 August 2021, 13:00 for a short period until the network is stable.

To learn more about the upgrade please visit the official site at blog.ethereum.org.

MATIC/Polygon (MATIC) trading will soon be live on the AltCoinTrader platform. We expect trading to go live at around 11h00 on the 27 July 2021.

Deposits and withdrawals are currently active to allow clients to deposit MATIC/Polygon (MATIC) so that they have a positive balance when trading goes live.

As always AltCoinTrader encourages everyone to please do their own research on MATIC/Polygon (MATIC) before getting involved. For more information check the following site https://polygon.technology/

Binance Coin (BNB) trading will soon be live on the AltCoinTrader platform. We expect trading to go live at around 11h00 on the 2 June 2021.

Deposits and withdrawals are currently active to allow clients to deposit Binance Coin (BNB) so that they have a positive balance when trading goes live.

As always AltCoinTrader encourages everyone to please do their own research on Binance Coin (BNB) before getting involved. For more information check the following site https://coinmarketcap.com/currencies/binance-coin/

AltCoinTrader does it again giving 40 000 FREE Shiba Inu (SHIB) tokens to every active client. We've heard the community and will be launching SHIB trading on Wednesday, 19 May 2021 at 11h00.

To qualify for your 40 000 FREE Shiba Inu (SHIB) all you have to do is:

• Have a verified level 2 (or above) AltCoinTrader account with a positive balance (either ZAR or cryptocurrency)
• Have two factor authentication (2FA) on your account

It's that simple! If your AltCoinTrader account meets the above requirements by 11h00 on Wednesday, 19 May 2021 you will be credited with 40 000 FREE Shiba Inu.

To find out more information on how to make your account a level 2 account or about adding 2FA, please login to your AltCoinTrader account and check your account level or refer to our Help Centre under Account Security.

All clients meeting the above criteria will have a positive balance of 40 000 Shiba Inu (SHIB) when trading goes live.

Deposits are currently active to allow clients to deposit Shiba Inu (SHIB).

As always AltCoinTrader encourages everyone to please do their own research on Shiba Inu (SHIB) before buying, selling or trading this token. The official site is https://shibatoken.com/

AltCoinTrader to launch Binance Coin (BNB) in the upcoming weeks.

While originally scheduled to launch 4 May 2021 it has been pushed out to a future date to accommodate the recent platform upgrade.

As always deposits & withdrawals will be opened prior to the launch. Further announcements to follow.

AltCoinTrader will be upgrading it's systems on Wednesday, 28 April 2021 from 21:00. The upgrade is expected to last 4 - 6 hours as we migrate to new infrastructure to accommodate our expanding ecosystem. We will keep you up to date via social media during the upgrade.

During this time the website and app will be unavailable. All funds are safe and secure.

We appreciate your understanding and look forward to providing an even better experience with the new system.

AltCoinTrader has prepared it's systems for the Ethereum Berlin Upgrade scheduled for 15 April 2021.

Trading of ETH and all ERC-20 tokens (BAT, COMP, DAI, LINK, USDT and XZAR) will continue unaffected during this time period. No deposits or withdrawals will be processed from 15 April 2021, 11:00 for a short period until the network is stable.

To learn more about the upgrade please visit the official site at blog.ethereum.org.

Polkadot (DOT) trading will soon be live on the AltCoinTrader platform. We expect trading to go live at around 11h00 on the 31 March 2021.

Deposits and withdrawals are currently active to allow clients to deposit Polkadot (DOT) so that they have a positive balance when trading goes live.

As always AltCoinTrader encourages everyone to please do their own research on Polkadot (DOT) before getting involved. The official site is https://polkadot.network/

AltCoinTrader is pleased to announce that we have dropped our fees by 73%. Trading fees have been slashed from 0.375% to 0.1% with immediate effect.

Please consult our fees page for more information and detail.

Please see our correspondence with the bitcoin Private team below:

On 2021-03-02 11:42 AltCoinTrader wrote:

Hi XXXXXXXXX

We are concerned about the future of BTCP. Please can you give us an update on the network status, and also future plans for BTCP?

Kind Regards

Richard

On 2021-03-02 20:01 Bitcoin Private Support replied:

Hello,

Thank you very much for your email. We are currently in the process of finalizing the new chain, with nearly every aspect ready. Our devs are working hard to complete this phase as soon as possible, please refer to https://progress.btcprivate.org for more detailed information. We have a version ready and have been doing internal testnets, we do want to to update the codebase to the latest ZCash codebase, so once this is complete we will roll out a public testnet.

Regarding the future of BTCP, I can assure you that BTCP will be back online shortly and that development will continue.

Kind regards,

XXXXXXXXX

---

Bitcoin Private Support

support@btcprivate.org

Further considerations and comments from Richard de Sousa our CEO. We are not confident in the future of BTCP and would urge all client to trade this coin with extreme caution. AltCoinTrader is at this stage still unsure as to what action we will be taking next, but as the BTCP chain is currently non functional with only the hope of it been reserected it is not impossible for us to consider delisting this coin from our exchange! The action that we have already taken is as follows:

• We have placed a trading alert on the BTCP trading page
• We have removed BTCP from the front end of our site so if you are not logged in you can not see BTCP
• We have removed BTCP from view of all clients that did not hold BTCP on our platform.
• We have not delisted BTCP at this stage.

We have taken this action to ensure that new people do not buy BTCP as we have low confidence in the coin and it's future.

AltCoinTrader has prepared it's systems for the new Cardano Mary/Goguen Hard Fork scheduled for 1 March 2021.

Trading of ADA will continue unaffected during this time period. No deposits or withdrawals will be processed from 28 Febraury 2021, 17:00 until the network is stable.

To learn more about the hard fork please visit the official site at https://roadmap.cardano.org/en/.

When can I expect my spark tokens?

All clients holding XRP on 12 Dec 2020 at 02:00 in their AltCoinTrader account can expect spark tokens.

Spark tokens will become available when the Flare Network goes live, this is expected to happen in the next 6 months however we know that projects of this nature can often take much longer to actually launch.

Spark tokens will be distributed as follows:

At network launch, every client that is entitled to get Spark will receive 15% of the total Spark for which they are eligible. The remaining Spark claimable will be distributed over a minimum of 25 months and a maximum of 34 months. You can expect around 3% of the spark that are due every month, this percentage will vary slightly depending on how Flare calculates the distribution.

AltCoinTrader does not have any control over this process and is simply following the procedure and supporting the flare network. We can assure our clients that once we have the tokens we will distribute them as soon as possible.

AltCoinTrader is supporting the XRP/Spark snapshot scheduled for 12 December 2020. All clients holding XRP will receive Spark tokens.

All you need to do is hold XRP on AltCoinTrader on 12 December 2020 at the time of the snapshot. We will take care of the rest.

To learn more about the snapshot visit the official site at https://flare.ghost.io/

Chainlink (LINK) trading will soon be live on the AltCoinTrader platform. We expect trading to go live at around 10h00 on the 25 November 2020.

Deposits and withdrawals are currently active to allow clients to deposit Chainlink (LINK) so that they have a positive balance when trading goes live.

As always AltCoinTrader encourages everyone to please do their own research on Chainlink (LINK) before getting involved. The official site is https://chain.link/

AltCoinTrader is preparing for the Zcash hard fork scheduled for 18 November 2020. We will take a snapshot of all users wallets so if a viable coin is created we can make relevant decisions in the best interest of our clients.

Trading of Zcash (ZEC) will continue unaffected during this time period. No deposits or withdrawals will be processed from 17 November 2020, 10:00am until the network is stable.

We thank you for your support and understanding.

AltCoinTrader is preparing for the Bitcoin Cash hard fork scheduled for 15 November 2020. We will take a snapshot of all users wallets so if a viable coin is created we can make relevant decisions in the best interest of our clients.

Trading of Bitcoin Cash (BCH) will continue unaffected during this time period. No deposits or withdrawals will be processed from 14 November 2020, 8:00pm until the network is stable.

We thank you for your support and understanding.

Update for 17 February 2021

We are still investigating the viability of the new chain.

Update for 17 August 2021

We are still investigating the viability of the new chain and will wait until the network is stable and considered secure.

AltCoinTrader has prepared it's systems to support the new NEO/GAS upgrade/hard fork from 21 September 2020. The upgrade is to prepare the blockchain for a number of architectural improvements, for more technical information please visit the official blog. The upgrade/hard fork will not result in a new token being created so no new coins will be issued.

Trading of NEO & GAS will continue unaffected during this time period. No deposits or withdrawals will be processed from 21 September 2020 until the network is stable.

We thank you for your support and understanding.

AltCoinTrader has prepared it's systems for the new Cardano Shelley Hard Fork scheduled for 29 July 2020. From 17:00, 29 July 2020 no deposits or withdrawals will be processed until the network is stable. Trading of ADA will continue unaffected during this time period.

We thank you for your support and understanding.

Update for 4 August 2020

Our technical team is still in the process of monitoring the network upgrade and awaiting industry consensus. Trading of ADA continues unaffected.

After experiencing some technical difficulties we have temporarily shut down COMP and DAI trading. Our technical team is looking into this issue.

These coins will only be re-launched once we can ensure a better user experience.

Estimated time for re-launch is 15h00 2nd Jul 2020

AltCoinTrader will remain fully operational during the 21 day lockdown period. We have followed the directives of the President of South Africa and we have enabled all of our staff members to work remotely.

While our call centre may not be available for telephonic support we are available on email support for any queries you may have during this time.

Stay safe!

As of 1 March 2020 we will no longer accept deposits into our FNB account. Please update your banking beneficiaries to reflect.

Important to note

It is business as usual for all clients.

Clients with FNB accounts will be able to operate as usual by depositing into one of our alternative bank accounts.

Clients will also be able to make withdrawals as usual into their FNB accounts.

AltCoinTrader is proud to announce that it is a Gold Sponsor of the upcoming Blockchain Africa Conference 2020 from 11 - 12 March 2020. The annual event has been running since 2015 and is a must for anyone in, or interested in, the world of blockchain technology and cryptocurrency.

Featuring industry experts and leaders in the field it’s the perfect venue for individuals, governments, start-ups, companies and institutions alike to find opportunities and optimize for a digital future. The 2 day event will feature over 30 speakers, 30 exhibitors and workshops covering all things blockchain and crypto including upcoming technology.

Be sure to grab your ticket today and register at https://blockchainafrica.co/register-blockchain-africa-conference-2020/ so you don’t miss out. We’ll see you there.

As you may be aware FNB announced late last year that it was terminating banking services to all crypto related businesses. As of Friday, 28 February 2020 AltCoinTrader will no longer accept deposits made to our FNB bank account. We have selected Standard Bank as our preferred bank however traders can also continue to use our Nedbank facilities.

You may obtain the deposit information for Standard Bank and Nedbank from the deposit section of your AltCoinTrader profile. Please make sure you update your bank beneficiary details to ensure your deposit is sent to either Standard Bank or Nedbank.

AltCoinTrader will never ask you to update your details via a link. Please be on the lookout for phishing emails and scams during this transitional period.

Can I still use my FNB account to make deposits and receive withdrawals?

The FNB announcement does not apply to personal accounts. You will still be able to deposit from an FNB account to an AltCoinTrader account or make a withdrawal to an FNB account from AltCoinTrader.

As inter-banking transaction times are much slower, we recommend clients open a Standard Bank or Nedbank account for instant deposits and withdrawals.

Basic Attention Token (BAT) trading will soon be live on the AltCoinTrader platform. We expect trading to go live at around 11h00 on Tuesday the 3th December 2019.

Deposits and withdrawals are currently active to allow clients to deposit Basic Attention Token (BAT) so that they have a positive balance when trading goes live.

As always AltCoinTrader encourages everyone to please do their own research on Basic Attention Token (BAT) before getting involved. The official site is https://basicattentiontoken.org/

AltCoinTrader has been banking with FNB since 2015 and was very surprised by the bank's recent decision to terminate banking services across the entire local crypto industry.

We are disappointed that the financial institution has succumbed to international pressure, with banking services being denied to individuals and industry players around the globe. AltCoinTrader has implemented multiple fiat options since inception and has never at any point relied on just one specific bank, having solidified relationships with other major institutions. We believe that further engagement is necessary and a close working relationship always increases trust and understanding of emerging technologies. We continue to work alongside the South African regulators and hope that in the future FNB may reconsider their position

The termination of FNB banking services is anticipated to only take place in March 2020 however we will ensure that we send out notifications via our Social Media platforms and on our website once we have more clarity on timelines.

We would just like to inform our FNB customers that we have not given up and will continue to fight for our customers banking rights. Having said that we believe that the limitations set on the industry will only spur innovation. Customers can be assured that it is business as usual and challenges, whilst sometimes unexpected, are not uncommon in this industry.