BTC-Alpha (btc-alpha.com) REVIEW, TRADING VOLUME AND PAIRS
BTC-Alpha is a small cryptocurrency exchange with a daily trading volume of $ 11 million at the time of writing. Today, the platform is most popular among residents of the former Soviet Union because the official website of btc-alpha.com is available in English and Russian languages.
The project was created in 2016. To date, it has offline offices in the UK, Ukraine, and Cyprus. The company operates under British jurisdiction, which, on the one hand, imposes certain restrictions, and on the other – provides the proper level of reliability and confidence in the project. Until recently btc-alpha.com was considered one of the most anonymous exchanges, but British registration obliges the management of the exchange to provide data on users and transactions conducted by them.
Account verification on btc-alpha.com is not mandatory, but verified users can count on several privileges:
• Faster transaction processing;
• Access to IEO participation;
• Strengthening security measures.
Features of exchange
We cannot say that btc-alpha.com is very popular since the company did not invest much in advertising and remained in the shadows for a long time. It was only during the boom of 2017 when the platform gained fame. Today on BTC-Alpha you can buy about 100 different coins, among which are BTC, ETH, XRP, ZEC, and XMR. However, there are also many rare altcoins. This way, the exchange management made the process of adding new coins as easy as possible. Today, the listing fee is 3 BTC, which not all startups can afford.
On BTC-Alpha, the trading commission is the industry standard 0.2% of the transaction amount. During the first month after registration, the user is given a grace period when the trading commission is reduced to 0.1%.
Platform benefits and drawbacks
Among the key benefits of the BTC-Alpha project are:
• The lack of mandatory verification;
• Large selection of rare altcoins;
• No commission fee on the deposit made in cryptocurrency;
• Free currency withdrawal with the help of Alpha codes;
• Availability of an open chat;
• Fast transactions for verified users.
Among the drawback of BTC-Alpha, we can note a very limited trading functionality. As for fiat money, only the US dollar is represented here, which in customer reviews is referred to as a big minus. Besides, the BTC-Alpha website does not provide replenishment of the account with a credit card, which also limits users. The deposit made in fiat currency is possible only with a large 5% commission and through such electronic payment systems as AdvCash and Perfect Money. Another important moment is that the platform does not offer margin trading. In the comments, you can often find complaints about improper work of the support service. BTC-Alpha does not have an official mobile application, which does not please potential customers.
In general, the project is very viable, as evidenced by the volume of trading and favorable conditions for traders. But it is not recommended to store large amounts on the BTC-Alpha account since there is always a possibility that the exchange can be hacked.