Review on BTC-Alpha by Fabrizio Zampieri
BTC-Alpha is a cryptocurrency exchange which allows both crypto-to-crypto and…
BTC-Alpha is a cryptocurrency exchange which allows both crypto-to-crypto and fiat-to-crypto trading (USD supported) via an advanced web-based platform. It also offers a coin listing service.
Like most crypto-exchanges, BTC-Alpha has a two-step verification system (2FA), however completely anonymous trading is not allowed.
Pros
- BTC-Alpha offers trading in Litecoin, Ethereum, Ethereum Classic, Monero, Zcash, PRISM, and others. Currently, there are about 30 pairs available on its platform, the most popular being BTC/USD and ETH/USD. This exchange supports only one “traditional” currency, but it is the most popular one– US dollars. So, on BTC-Alpha you can buy some coins with your dollars, or cash out your Bitcoins. BTC-Alpha charges market “takers” and market “makers” alike with a fee that varies based on their monthly trading volume. Given that most exchanges charge 0.20% - 0.25%, even BTC-Alpha’s highest fees are competitive. BTC-Alpha offers its services via a browser-based trading platform equipped with technical indicators, charting options and add-ons, provided by TradingView.
Cons
- Although BTC-Alpha supports fiat currencies, it does not allow tranfers via bank wire, nor credit card payments – one of the most convenient and popular payment methods. Instead, its users can make blockchain transfers and deposit/withdraw USD via AdvCash, Perfect and Apha Code. BTC-Alpha charges some fees on deposits and withdrawals, which are not to be underestimated.
