Review on Allcoin by Olugbenga Ajayi
Allcoin is an exchange for crypto only
Allcoin is a Canadian exchange owned by Cascadia consumer electronic. The exchange has all the features of a centralized exchange which is that all funds are kept in a centralized server. Allcoin does this better by using a centralized physical data centre to protect all user data including the digital assets. Also it uses SSL encryption to further fortify the platform.
This exchange is fair in terms of fee. It charges asblow as 0.1% on every transaction. However the withdrawal fee is on the high side. It charges 0.0008 BTC. In my opinion this does not pit the exchange in a competitive position with others exchange since most exchange charges 0.0005 or less.
In the future, we would also expect this exchange to include flat currency on its market as for now, it is crypto only exchange.
Pros
- The transaction fees is fair
- It is a multicrypto exchange that supports both major and smaller digital assets like BTC, ETH, LTC and XRP
- It supports two factor authentication
Cons
- The withdrawal fee is too high
- It does not use live chat for customer support and the email support is not regular
- It does not have a mobile app
- It doesn't support flat currency
