Altcoin Trader South Africa – Bitcoin exchange South Africa

Altcoin Trader activity in South Africa is on the increase. Find out more about alternate cryptocurrencies and real alternatives to Bitcoin. Bitcoin Traders and Altcoin Traders in South Africa will find useful information about every alternative coin that an altcoin trader may be interested in. Client download locations, mining guides, exchange info and more.

Altcoin Trader South Africa & Nigeria

The options available to an altcoin trader in South Africa and Nigeria are limited when it comes to exchanging ZAR or NGN for altcoins. iCE3X currently offers multiple altcoin markets, as well as dynamic deposit options using iCE3X Flow.

Altcoin Traders in South Africa and Nigeria have been frustrated, as we have had to play catch-up. But altcoin traders can now trade Bitcoin, Litecoin, Ethereum, Bitcoin cash and many more, for South African Rand (ZAR) or Nigerian Naira (NGN) using the iCE3X website on mobile or desktop. We are not only behind people who are trading bitcoin as this cryptocurrency is the most expensive and spoken of. We are constantly investigating new altcoins if we find that they are worth investing in, and not just another. Ponzi schemes! That is why our motto is: to protect our traders’ interests, by being confident and familiar with the coins that we are offering you to trade with on our platform.

Mobile version/App for iCE3x’s website in the future?

It’s very common nowadays for companies to introduce mobile versions or applications (app) for their websites. Although the customers of these companies might think on the one hand it’s a great feature and on the other that the app creates a sense of security, sustainability or reliability off the company, they are likely to be mistaken! Most of the times these attributes attached to companies with a mobile app are false.  Let me tell you something, do not be fooled! When you install an app to your mobile device there is a +1 way for hackers to hack your phone, tablet or whatever you use!

Not only do these companies introducing their app have to develop top-notch security for their website and trading platform but also for their new app to avoid hacking. I would not count much on that, as it would be costly and time-consuming and therefore not high on the priority list of most companies.

The real question on your lips might be if iCE3x has an app.  The answer is no and will remain no for future references as well!

Instead of creating or designing an app and not being 101% sure that our customers (YOU) are safe and secure, we have rather opted to designed our cryptocurrency exchange website to look and function exactly like an app, when you reach it with your mobile browser. Isn’t it smart? ICE3x as a company therefore provides true security, sustainability and reliability to our customers!  

allcoin trader south africa

The above screenshot is an example of night vision mode. I personally like this mode best.

As an altcoin trader, you can use iCE3X to trade following altcoins

iCE3X is the premier destination for serious bitcoin and altcoin traders in South Africa and Nigeria.

We at iCE3X offers the following altcoins:

  1. bitcoin BTC
  2. Cardano ADA
  3. bitcoin Cash BCH
  4. DOGE
  5. Ethereum ETH
  6. Litecoin LTC
  7. NEO
  8. Monero XMR
  9. Zcash ZEC

Opportunities in new altcoins and also the risks

Altcoin traders should consider these tokens a little like trading penny stocks. There are huge opportunities for quick profits. This is because the risk is high. At the same time, the opportunities for loss is real and substantial. As usual, altcoin traders should only trade with funds they are willing to lose. You need to keep that in mind if you are a real altcoin trader. Simply, because it’s hard to determine if some altcoins is a Ponzi scheme. For example: You will have a scenario where many altcoins start at a very low price like R0.50. Later on, due to false information, those altcoins reach very high prices in relation to what the start price was. If you as an altcoin trader are too late buying or selling, you may end up spending/losing money that you won’t be getting back any time soon!

Another example which is also a big issue is when the “owner” of the altcoin can produce as many coins as they want. You can’t rely on that, because if the price goes up, the altcoin owner will produce X amount, and sell for less than you. Again, you are the one who will be screwed.  For that reason, be careful! We at iCE3X take care of this by avoiding trade with altcoins that are not proven.

Increase in altcoin traders than Bitcoin traders currently

There is a legitimate crypto frenzy at the moment. The blockchain technology that underpins these altcoins is currently hyped. Many traders, even in mainstream finance, are now more interested in becoming altcoin traders. It is easier and faster to get involved in altcoin trading as it costs less than Bitcoin currently but with real potential to rise to Bitcoin value fast. Who can predict that bitcoin’s price will skyrocket again as it did in 2017?  The bitcoin price at the time of write is R95 500. No one can predict or confirm with accuracy that it will reach the all-time high of R300 000 anytime soon.   It is more attractive to spend less now with great prospects of eventually making more. The bottom line is still, that if you are not willing to lose money, you are better off to consider to invest in altcoin.  

Conclusion

We recommend that as an altcoin trader, you can give yourself an advantage above the rest and make good profits by doing the following:

  • familiarize yourself with the terminology,
  • learn how to analyze altcoin markets,
  • follow the latest news,
  • spend time developing your strategy, and
  • actively invest.

At iCE3X we will help our altcoin traders, as much as we can, every step of the way.

Tell us, are you an altcoin trader yet? 😉