Quick Background
AltMarkets positioned itself as a low-cap, no-frills exchange from the UK, but today it is silent - untracked, unreachable, and likely defunct.
AltMarkets surfaced around 2018, marketed as a crypto exchange without KYC. It claimed to support around 20 tokens and allowed fast spot trades. It leaned heavily into simplicity - minimal UI, fast registration, zero identity checks. The pitch: trade immediately, with no forms or delays.
Market Coverage
Once it showed up in trackers, but today stats list zero currencies, zero volume, and a confidence score that is flat zero. It has gone dark, filled with static placeholders, and no markets come up. The site went offline in early 2025.
Key Stats
Below is a compact table to summarize what it once offered.
| Metric | Value |
|---|---|
| Launch Year | ~2018 |
| Coin Listings | ~20 before closure |
| Daily Volume | $0 - untracked |
| Status | Inactive - Offline |
Trading Experience
There is not any now. Back then, onboarding was instant - email, maybe a captcha, and you could trade. No KYC or compliance layers slowed you. Trades were simple market or limit orders. Today that interface is gone, and so is access.
Security and Reliability
Security levels were opaque. No audits, no proof-of-reserves. No official licenses. Support was vague. Complaints mentioned delayed withdrawals, and some users warned that funds vanished or accounts got blocked. Reliability was never a strength.
Strengths and Weaknesses
Highlights from its operational days and why it no longer fits.
Strengths
- Super-fast setup and trading
- Anonymity for users in restrictive regions
- Lightweight interface - no clutter, pure function
Weaknesses
- No transparency or oversight
- Withdrawal issues and risk of disappearing balances
- Now completely inactive and unreachable
Reputation and Traffic
Trust scored low - Trustpilot sits below 2.5, with angry user reviews calling it a scam or warning others to avoid it. Social buzz died years ago. Today it registers zero traffic or interest.
Who It Suits
Not anyone now. At one point, it fit users chasing private, fast swaps of obscure coins. Now it is not even a historical footnote - it is a ghost.
Final Thoughts
AltMarkets opened fast, traded freer, but faded just as quietly. No compliance, no safety net, and now no platform. It is a reminder that convenience without trust can vanish - fast.