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Review on Altmarkets by Ibraheem Asmau

Altmarkets is still under scrutinization

Not a well known exchange, I stumbled upon it on Revain website and since then I have sat down to personally evaluate this exchange and give my feedback to Revain Community. AltMarkets is newly released exchange which hasn't encountered much of a trading experience, it was launched in United Kingdom(this infact is another home for cryptocurrency exchanges apart from HongKong and Singapore). As a new exchange, Altmarkets hasn't displayed any form of uniqueness to show that it ready to become an internationally used exchange. Well, according to my research on the market cap I came to a conclusion that this exchange didn't really have what it takes to survive for long among its fellow exchange competitors. Depositing and withdrawing in an exchange like this is very hard, as the exchange supported only cryptocurrencies as the only form of payment. The web page comes in an attractive layout as it makes use of black as a background with other contrasting colors used as texts, this has given the web page a nice and attractive look which has in turn increased my positive user's experience. It is quite pleasing to note that the fees charged on this exchange for trading is arguably one of the lowest among all whole crypto-exchanges globally.

Registration was very easy and quick as only my email and password were needed, after confirming my mail, I started using this exchange a week later as I needed to bet my cryptocurrencies ready for depositing. As of the time I wrote this review, the number of cryptocurrencies supported did not even number up to 30. Even for withdrawal, Altmarkets did not charge much at all and seems to still have one of the lowest and most affordable withdrawal fees. To be on the safer side, any profit I made was usually withdrawn immediately because I was skeptical about this exchange as it could close at any time. Personally, I'll suggest that this exchange should partner up with a successful investment company in order to bring Altmarkets to spotlight!

Pros & cons

  • Registration is easy and quick
  • The web page has an entirely well defined layout
  • The fees charged on this exchange is very cheap and affordable
  • Liquidity is actually moderate on Altmarkets
  • The cryptocurrencies supported are very limited
  • Cryptocurrencies are the only form of depositing and probably withdrawal