Review on BTC-Alpha by XIN DUNG CHOC BAN

Name: BTC-Alpha
Item: BTC-Alpha
Rating: 2

May 07, 2019

BTC-Alpha exchange started its activity in the UK in 2016. The Manager is a…

BTC-Alpha exchange started its activity in the UK in 2016. The Manager is a Russian entrepreneur Vitaly Bodnar. More than 90 pairs are available for trading electronic money in the exchange portfolio of the registered user. Laconic, readable design, updated functionality, commissions for replenishment and withdrawal of funds are very social and often less than on the exchanges of competitors . BTC-Alpha is a cryptocurrency trading platform with an extensive range of services with electronic currencies in addition to Bitcoin and Ethereum. Courses cryptocurrency trading pairs-weighted market. Small limits for replenishment and withdrawal of cryptocurrency in a matter of seconds is the key to success for those who appreciate speed. Basically, the audience of the exchange is Russian-speaking users, so if you have questions, you can always get an answer to them. There is also a system of incentives for users to test the exchange, is to distribute the cryptocurrency,just beating the amount of funds they can withdraw or continue to trade without restrictions. BTC-Alpha trading volumes with other whales like: hitbtc, cryptopia are not big minuses for trading on the exchange because trading pairs have a good trading volume. Many Russian-speaking users choose once BTC-Alpha for its simplicity, clarity of use and attractive design. On the stock exchange are presented high-quality instruments for trading analysis and user experience that provides additional information for analysis.
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Pros

About security: High security and being ensured at floor, many modern technologies are used as SSL encryption system, 2-step verification 2FA. Regarding legal money: BTC-Alpha floor is supporting a legal currency, which is the USD currency. The coins are supported: Support many different types of coins including: Bitcoin, Ethereum, Tether, Litecoin, XRP .... Trading platform: Easy to use trading platform; TradingView's charts, transaction history are very professionally provided. About languages: The current BTC-Alpha floor supports 2 languages: English and Russian. Commission policy: No commission policy for referrals.

Cons

It seems that BTC-Alpha is an exchange made by Russians and used predominately by Russians, judging by the name of its CEO Vitalii Bodnar, the main language of the website and the Chatbox. However, the company owning the exchange and the site is registered in the UK. Like most exchanges, it is not overseen by any authority. Apart from not allowing bank wire and credit card payments, BTC-Alpha charges some fees on deposits and withdrawals, which are not to be underestimated. Unlike some cryptocurrency exchanges, like Kraken, GDAX and others, BTC-Alpha does not offer leverage. Those who want to use some margin, may either choose another exchange, or try out trading in Bitcoin CFDs with a forex broker. Disadvantages: No anonymous trading, No margin trading, Not regulated, Clients’ funds stored online, Bank transfers & credit cards not accepted, Relatively high withdrawal fees. Alpha Cash is HYIP without hype! Another scam project by the Questra owners Alex Prochukhan and Cheslav Pestyuk. Actually if you have a closer look you discover how much it’s close to ill-famed Questra – technically and even visually. They offer absolutely enormous for the market rewards and have typical for Ponzi scheme “grades” or “ranks” structure. Be aware and stay away!