Review on Altsbit by Thalhat Tee
Thus exchange is not considered safe, don't register for now❗
Don't trade on AltsBit and better still, don't give out your personal details during registration. This exchange was attacked by hackers and a percentage of the traders funds were stolen by the hackers. Though the exchange even promised to payback, not completely but in percentage to what remained after the ugly incident. Launched in 2019, AltsBit was founded so as to create a digitalized platform that would aid the trading of cryptocurrencies without any risk. I guess what led to the hack was because their Security systems weren't secure enough to prevent DDoS mitigation and besides, most of traders funds were kept in hot wallets rather than cold wallets which means that it could still be accessed by virtually anybody with a great sense of hacking. Presently, alot of the exchange content is blank and showing "No Data" in some columns, hence the number of cryptocurrencies traded and other useful information are unknown. Since the exchange stopped recieving updates since 2019, I don't consider it safe to trade in, it's even outdated!!!
Pros
- AltsBit Exchange doesn't have any positive aspect to be discussed
Cons
- The exchange is still considered as unsafe to trade on
- The exchange had a major hack recently
