What is Altmarkets?
Altmarkets is a small cryptocurrency exchange from the United Kingdom. It has been active since 2018.
On the date of last updating this review (9 September 2021), the 24-hour trading volume on the exchange was USD 1,856.34 with 87 listed pairs, according to CoinGecko. Whereas Coinmarketcap listed this exchange as an untracked listing. In comparison, the trading volume on the date of the previous review (16 March 2020) was USD 2,080. These low trading volumes are very worrying and indicate that the exchange has very few active users trading on a daily basis. Be cautious.
Altmarkets accepts US-investors on its platform, but any investor from the US should still do their own independent analysis of any issues arising from their citizenship or residency.
Altmarkets Trading View
Different exchanges have different trading views. And there is no “this overview is the best”-view. You should yourself determine which trading view that suits you the best. What the views normally have in common is that they all show the order book or at least part of the order book, a price chart of the chosen cryptocurrency and order history. At this exchange, there is only order boxes and a small price chart window, as set out below. This makes it easily understandable for new crypto investors, while it might lack some features that more experienced traders look for. The below is a picture of the trading view at Altmarkets:
Altmarkets Trading fees
Trading fees are naturally very important. Every time you place an order, the exchange charges you a trading fee. The trading fee is normally a percentage of the value of the trade order. At this exchange, they don’t divide between takers and makers. Each party to a transaction pay the same fee: 0.25% of the order value. These trading fees are a bit above the global industry average. Industry average has for a long time been 0.25%, but we are currently seeing a shift towards lower fees. Many exchanges now charge e.g. 0.10% or 0.15% instead.
Altmarkets Withdrawal fees
There are exchanges out there that charge low trading fees and then hit you with high withdrawal fees. Because once you’re in, you can’t get out without paying withdrawal fees.
Altmarkets, however, is on the totally opposite side of the spectrum. They only charge a network fee of 0.000051 BTC when you execute a transaction. The global industry BTC-withdrawal fee is 0.00053 BTC per withdrawal according to this report. The network fees vary from day to day but are roughly 15-20% of the global industry BTC-withdrawal fee. Accordingly, also the withdrawal fee model at this exchange is competitive.
All in all, the fees at Altmarkets are quite in line with the industry averages.
This exchange does not accept any other deposit method than cryptocurrencies, so new crypto investors are restricted from trading here. If you are a new crypto investor and you wish to start trading at this exchange, you will have to purchase cryptos from another exchange first and then – as a second step – deposit them here. Don’t worry though, you can find a so called “entry-level exchange” simply by using our Exchange Finder tool.