Review on Altilly by Joseph Bello
ALTILLY EXCHANGE
Today I will be talking about an online Sweden exchange in my review, I will try as much as possible to be succinct on my review about the exchange. I have been opportune to use this exchange twice last year before its operation was finally suspended due to a massive breach that happened late last year and ever since then the exchange has been off balance.
Altilly is an exchange where you get to trade cryptocurrencies that are listed on the exchange, I have only made use of the exchange twice but on both occasion my transactions went smooth,the interface was very understandable ,the fees were also very attractive I even got paid one when I was trading as a maker on the exchange. During my trade on the exchange one of the major downside I encountered was poor and low liquidity this really affected my ability to liquidate my assets on the exchange, some features on the exchange hasn't also been developed.
I had no intention of trading on the exchange for long because it wasn't licensed and so I only traded on it twice with little amounts due to the headaches encounter on unregulated exchange that run away with traders funds. The exchange hack lead to enormous lost of it users funds which haven't been refunded up till now. The exchange has currently shut down its operation since its last breach and I'm of the opinion that every crypto holders should forget about the exchange, if eventually they come back into operation I not sure I'm going to trade on it again.
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Pros
- Low fees
- Good customer support
- Quick transaction process
Cons
- Low liquidity for trading pairs
- The exchange has been beached, making it insecure for traders at the moment
- The exchange platform is not developed with recent trading features
- It is not licensed by a regulatory body
- Many people have lost their assets due to the breach
