Trading Silver online with AltCoinTrader is as simple as trading crypto.
A 1 ounce Silver coin is represented by 1 XAG on your AltCoinTrader profile, you are able to buy or sell a fraction of a XAG making it easier for you to own Silver. The most popular Silver coin we accept is a Silver Krugerrand.
XAG prices on AltCoinTrader are based on Silver coin prices please feel free to watch our CEO explain more about this.
Depositing Silver coins
When you would like to make a deposit, please send an email to email@example.com
requesting a date and location for the deposit, deposits can be made at your local Scoin shop or could be collected from you via a courier service (Collection fees may apply). As soon as the coins have been verified by us your AltCoinTrader account will be credited with the XAG value.
The minimum deposit is a 1oz Silver coin (Normally a 1oz Silver Krugerrand), with no maximum.
Withdrawing Silver coins
If you wish to withdraw Silver coins from AltCoinTrader you would typically be paid out in Krugerrand's however this might not always be the case. These coins will be collected from your nearest Scoin shop situated throughout South Africa, alternatively, other withdrawal arrangements can be discussed.
Withdrawal fees are currently set at R 250.00 for Silver coin withdrawals.
Withdrawals can take up to 24 hours to be processed, thereafter you will be notified on the collection location and date.