BTC-Alpha is a cryptocurrency exchange that is registered in the UK and has been operating since November 2016. CEO and co-founder - Vitaly Bodnar. The editors of Profinvestment.com have prepared for you a detailed review of the BTC-Alpha cryptocurrency platform.
The platform is included in the ranking of the top 100 crypto exchanges based on the declared trading volume (2.8 million US dollars or 745.72 BTC as of 01/02/2019). The highest turnover occurs in the following pairs: R/BTC, BTC/USD, ETH/BTC. In addition to trading cryptocurrencies, the Alpha exchange also works with fiat currency - the US dollar. You can deposit/withdraw funds through the popular payment systems Advcash, Payeer, Perfect Money and others.
Official website of the Alpha exchange : btc-alpha.com.
Go to BTC-Alpha
The site interface is available in Russian and English. 103 cryptocurrencies are available for trading. The top coins by capitalization are presented: Bitcoin, Ethereum, Litecoin, Zcash, TRON, NEM, Monero, Ripple, Dogecoin, Ethereum Classic. But the bulk are little-known altcoins or shitcoins that are rarely seen on other exchanges: Revain, Cashbery Coin, PRIZM, DasCoin, Nasdacoin, DIMCOIN, Mallcoin, BriaCoin, etc.
Other popular exchanges:
- Binance.
- Localbitcoins.
- Currency.com.
- Bybit.
- Bitmex.
- Exmo.
Alpha Cryptocurrency Exchange (BTC-ALPHA LTD) is registered under number 9951778. The official address of the company is: The Business Resource Network, 53 Whateleys Drive, Kenilworth, Warwickshire, United Kingdom, CV8 2GY. Date of foundation: 01/14/2016.
Who is Mr. Prizmbit?
At the beginning of 2022, the Prizmbit.com service launched in pre-release mode, which, however, did not end by the end of the year: the team is finalizing the functionality and periodically fixing bugs that arise that are typical of the young project.
However, even in test mode, the service shows decent growth: the number of users in November 2019 exceeded 10 thousand people, and in mid-December (at the time of writing) there were already 15 thousand. Let's figure it out - why did the young platform suddenly begin to step on the heels of the established leader and what will such a revival of competition bring to us - ordinary users?
Paramining on Prizmbit and BTC-Alpha
Let’s not beat around the bush, but let’s immediately move on to the main criterion for choosing any service related to the Prizm cryptocurrency: paramining. And here, in general, a lot becomes clear: Prizmbit
paramining is
22-28%
per month, and
BTC-Alpha
simply does not have it.
The paramining process on Prizmbit can be observed online
It is worth adding that Prizmbit has gone even further - the service allows you to receive paramining even from those coins that are in sell orders, so your Prizm works for you right up to the moment they are sent to the buyer. On the BTC - Alpha exchange, every day an order does not work means that your coins are lying dead weight, and not bringing 0.7-0.8% per day.
This argument alone will be enough for many to choose one or another site, but we will go further and compare both services in other parameters as well.
In the first round of the battle for leadership, Prizmbit wins unconditionally - 1:0 in favor of the newcomer.
History of the project and its documents
Prism has a father. This is a man from politics, and his name is Alexey Muratov.
In 2012, Muratov left United Russia. He created the party “We are changing the world” (MMM), and invited the well-known Denis Pushilin to join his comrade-in-arms. They filmed a commercial, organized a convention, and gave several interviews. The fuss stopped there.
In 2013, Muratov went to India and opened a branch of MMM there. Only politics was no longer discussed: Mavrodi Mundial Moneybox is a financial pyramid. 100,000 Indians put $2.5 million into the piggy bank. The police became interested in Muratov. He was arrested, but was soon released on bail. A follower of Sergei Mavrodi returned to his homeland.
The CWT movement grew from the relatively successful MMM. Muratov has more than enough originality: CWT is Change the World Together, or We are changing the world. He, Grigory Vasyutin and Sergey Glebov registered a legal entity in 2016. According to the document, this is “a social movement in support of socio-economic programs.” The project positions itself as non-profit.
CWT is localized in Moscow: Sayanskaya street, 1/3, apartment 122. If you look for the address on a Google map, you will find an ugly building with turquoise entrances. It’s surprising that CWT is in poverty, because in 2022 it “gave the world” the unique cryptocurrency Prizm. Muratov promotes it as best he can: he calls meetings, incites bots to give honest feedback about the project, and pronounces the values of the pyramids.
Prism has a lot of websites. The review is based on Prizm.space. But it has duplicates: Prizm.Club, Roy.Cash, Prizm.Company, etc. These are colorful resources that have clearly been spent on. However, they lack Muratov’s contacts or at least a connection with the support service. They don't communicate with investors here.
Prizm deposit and withdrawal fees
Exchange commissions are another sensitive point for any user. Today the picture for them is as follows:
| BTC-Alpha | Prizmbit.com | |
| Deposit fee | For free | For free |
| Withdrawal fee | For free | 0.5% but not more than 10 Prizm |
| Trading commission | 0.2% for everyone | 0% maker 0.2% taker |
In general, it is cheaper to withdraw Prizm from BTC-Alpha, but Prizmbit compensates for this with paramining, leveling out commission losses in less than a day of storing coins on the site.
It is also worth noting that Prizmbit allows commission-free trading: to do this, you need to place an order, and not take what others are already offering. This simple action turns the user into a so-called “maker” (creating liquidity on the exchange) and no commission will be charged for such a transaction.
So, it turns out that you can transfer your Prizm to both services for free, and if the coins lie there for a day, then the withdrawal will be without loss. At the same time, BTC-Alpha takes a commission for any transaction, and on Prizmbit you can trade for free.
In this round, each platform showed its advantages: Alpha is more suitable for high-speed trading, and Prismbit is more suitable for more profitable trading. Let's add one point to each court - 2:1
Keep Prizm on the official wallet
To keep your coins in an official wallet or as some prismists incorrectly call it “cold”. A “cold wallet” is a storage medium for storing data to access your cryptocurrency wallet, which does not have access to the Internet. So, in order to receive maximum rewards for holding your funds on the official wallet, you must have a decent structure, friends’ wallets connected by you and a large amount of coins in the wallet. The payment algorithm can be found on the official PRIZM website.
If you have a small amount of Prisms and there is no structure, you have not invited anyone, then there is no point in holding your PRIZMs. Even if you have a small structure, Paratax will sooner or later reduce your income significantly. My opinion is that we will only need the official wallet for work, transit between exchanges, pools and other projects.
Methods for depositing/withdrawing funds in fiat
Everything is simple here: let’s compare the available methods for depositing and withdrawing fiat funds, as well as the commissions that platforms charge for these services:
BTC-Alpha has more ways to deposit and withdraw USD. However, given that both sites currently work mainly for the Russian-speaking audience, the complete lack of the ability to top up your account with rubles is not a very good move for users.
Prizmbit, on the contrary, provides ample opportunities for depositing and withdrawing in rubles, and this can be done directly to your ruble card.
The size of commissions in Prizmbit is several times lower, and in some places it is even zero. In fact, using free input/output methods, you can deposit money, carry out the necessary transactions on the exchange and withdraw profits without any losses at all. This is a really good offer.
In this round we award a Prizmbit point. For efficiency. 3:1
Setting up profile protection
We strongly recommend setting up account security before depositing funds into the exchange.
A complex password and two-factor authentication from Google can be a good defense against hackers.
To configure security, go to your profile – the “Security” section.
Google two-factor authentication
Click on the “two-step authentication” tab:
security settings
Click “Enable two-step verification”, then “Forward”. The installation instructions for 2fa open:
2fa setup
- Download the 2fa application to your smartphone:
Android application - https://play.google.com/store/apps/details?id=com.google.android.apps.authenticator2
Application for IOS https://itunes.apple.com/ru/app/google-authenticator/id388497605?mt=8
- Open the application, click on “+” in the upper right corner. Select “scan barcode”
- After scanning the QR code in the application, a line with a six-digit code opens - enter this code on the PC in the “Token” column
- Click "Forward"
If for some reason the QR code cannot be recognized, try increasing the brightness of the PC screen. If this does not help, download a third-party application for recognizing QR codes and scan with it (for iOS, just open the camera and point at the QR code). After scanning, the application itself will offer to go to the 2FA application, where all you have to do is click on the “add” button.
Sometimes the exchange writes that the six-digit code you enter is not suitable or has expired. If this happens several times in a row, but you are sure that you are entering everything correctly, we recommend deleting your 2fa account on your smartphone and adding it again, but not through a QR code, but manually. Then everything will work out.
After you complete all the steps listed, two-factor authentication will be enabled:
2fa enabled successfully
Now, to log into your account and perform all operations, you will need to enter a six-digit code from the application.
At the moment, 2fa from Google is one of the best account protection systems.
Verification
Verification (identity confirmation) on the exchange is not required.
After you have created a profile on the exchange, you need to deposit funds into it to start trading.
Referral system
A comparison of the financial performance of sites would be incomplete without assessing the profitability of referral systems. Let's see how things stand here.
| BTC-Alpha | Prizmbit.com | |
| What is it paid from? | From the commission that the exchange takes from the user | From user deposit |
| Reward amount | 20-30% | 0,1% |
| How often is it credited? | As the user conducts transactions | Daily |
At first glance, BTC-Alpha has a simply huge percentage compared to Prizmbit. However, let's see how much we will earn if we decide to attract users to one and the second site.
Let's imagine that we attracted three referrals: small, medium and large.
BTC-Alpha
Pays 20% of the commission it takes for trading.
Let’s assume that a small referral trades twice a month for about 500 USD. Medium – trades every other day in the amount of 2000 USD. Large – trades every day in the amount of 20,000 USD
The following are the monthly earnings figures:
Small: 500 usd *0.2%*2 times a month = 2 usd
Average: 2000 usd *0.2%*15 times a month = 60 usd
Large: 20,000 usd *0.2%*30 times a month = 1200 usd
Total for the month we will earn 1262 usd
Prizmbit
Here the referral reward is paid not from commissions, but from the amount that the referral has in his wallet.
Let’s imagine that a small referral has 500 Prizm in his wallet, a medium referral has 10,000 Prizm, and a large referral has 300,000 Prizm.
The following are the monthly earnings figures:
Small: 500 Prizm *0.1%* 30 days per month = 15 Prizm
Average: 10000 Prizm *0.1%* 30 days per month = 300 Prizm
Large: 300000 Prizm *0.1%* 30 days per month = 9000 Prizm
The total is 9,315 Prizm, at the rate of 0.3 usd it will be 2,794 usd
Of course, the numbers are quite relative and are intended only to show the mechanics of bonuses. However, I would like to note that in reality today it is unlikely that it will be possible to attract a large trader to an exchange with very limited functionality (there are not even stop orders on BTC-Alpha). But finding an investor who wants to put their money into paramining and increase it is more than possible. This may be why there are quite a few people among Prizmbit users who receive passive income only from their referrals, without any of their own capital.
Let's leave this round with a friendly draw, due to the fact that it is possible to collect objective evidence of the advantage of one site over another on this point, but this will be the topic of another article.
Still 3:1
Additional features
Some useful things to note:
- news - the section is not bad and significant events from the life of the exchange are regularly published in it. If you plan to work with new coins, check it more often. Sometimes additional opportunities for earning money appear. For example, at the end of May, the exchange paid $3 for a video review of the crypto exchange’s mobile application;
- coin information sheet. Here is a complete list of coins traded on the crypto exchange. The status of the wallet and the token itself is indicated;
Coin Information Sheet - affiliate program . After registering in your personal account, find the “My referrals” item, it contains a referral link. Use it to attract new clients, and the exchange will share its income with you.
Developers can submit an application to list their own cryptocurrency. The corresponding link is on the main page.
Functional
Perhaps a comparison of trading pairs could be added to this section, but if about 100 different cryptocurrencies are traded on BTC-Alpha, then Prizmbit is a mono-exchange - here trading is carried out only with Prizm, but directly with USD, BTC, RUB, EUR and USDT. Therefore, we will leave this indicator out of brackets and compare a number of others:
Ease of use:
As can be seen from the comparison, Prizmbit is objectively stronger here - 4:1
Stability
The outcome of this round is clear - after all, Prizmbit is still working in pre-release status. If BTC-Alpha sometimes allows itself to crash for a couple of minutes with the message “Service unavailable,” then Prizmbit experiences longer downtimes: for example, in early December, due to a glitch, the exchange closed trading for several hours. No one suffered financial losses, but you should not expect that the site will work like clockwork 24/7. At least until it comes out of pre-release mode.
BTC-Alpha is stronger here so far - 4:2
Registration
To go to the registration page, follow the link: https://btc-alpha.com
Fill out the form that opens:
registration
- Enter Email – We recommend using email from Google, as it is considered the most secure from hacking
- We come up with a password - It should be complex, that is, contain lowercase and uppercase letters, numbers, signs and be longer than 8 characters (about 20 is best)
- Repeat password
- We put a tick that you have read and agree with the rules of use of the exchange
- Click “registration”
After this, you will be redirected to the exchange login page - enter your login (Email) and password and log into your account.
As soon as you log into the exchange, you are warned that your email has not been confirmed - we advise you to correct this:
Warning
We go to the specified mailbox and look for a letter from BTC-Alpha - follow the link indicated in the letter:
mail confirmation
The system took us to the account settings section. Here you can choose a login if you want to chat with other users.
