BTC-Alpha: exchange - review, reviews

When choosing a service for online trading, most people traditionally give preference to projects that have been operating on the market for several years. This explains the popularity of BTC-Alpha. The platform was launched five years ago and, according to official data, today more than 250 thousand users are registered in the crypto exchange’s client base.

At first, reviews about BTC-Alfa were mostly neutral and positive. However, over time, the situation has changed, and today the vast majority of Russian-speaking users are dissatisfied with cooperation with this company. In today’s review, we’ll figure out whether the BTC-Alpha team is worth trusting. After all, there is no smoke without fire!

What does the company/project do?

BTC-Alpha is a centralized exchange that allows you to trade cryptocurrency, top up your account with digital and fiat currency.
It has a nice interface and good functionality, so it is suitable for both beginners and more professional traders. According to the CoinMarketCap portal, BTC-Alpha ranks 85th in terms of trading among all cryptocurrency exchanges. BTC-Alpha is a European cryptocurrency exchange that has been operating and actively developing on the market since 2015. The CEO and co-founder of BTC-Alpha is entrepreneur Vitaly Bodnar (originally from Ukraine). The BTC-Alpha team has been in the industry for more than 8 years, engaged in mining and actively developing in the field of crypto trading. The result of coordinated teamwork is the launch of a reliable, constantly evolving trading platform btc-alpha.com in 2015.

Official resource of the cryptocurrency exchange

The BTC-Alpha website has an intuitive interface and a pleasant color scheme. At the beginning of this year, the resource was updated by adding 8 additional language versions. Initially, the crypto exchange had only two localizations – English and Russian. Now they have been added:

There are a lot of subscribers, which is explained by the company’s long presence on the market. It is noteworthy that the moderators of some groups (in particular, the VKontakte network, popular in the CIS countries) did not provide the opportunity to comment on publications. We assume this is done to avoid receiving negative reviews about the platform.

A little history

BTC-Alpha Crypto Exchange was founded in 2015 by Ukrainian businessman Vitaly Bodnar as a platform for convenient trading with an English-Russian interface.

Before founding the exchange, I had my own web design studio. We developed websites - we worked well, earned money and felt quite confident in the market. When I wanted to create a crypto platform, I realized that we lacked knowledge.
In Vinnitsa, where we were, no one could even approximately create such a platform. We found a development team in Kyiv, but at that time the price of these services was enormous. We started learning how to do commercial projects on our own. We accepted orders at half the price, but on the condition that there may be some shortcomings that we must solve together.
Therefore, after a year, we mastered our skills in the field of development, security, and also found a client base. The most difficult thing was getting the first 10,000 users of the platform. Many people watched what I was doing on Facebook and Vkontakte and waited for me to break down. I set an exact release date - we were supposed to launch on 11/11/2014, and shortly before launch our server crashed. We fixed it in one day so we could start everything on time. When we received the first reviews, we didn't sleep for two weeks because we were busy fixing bugs.
Later we received great reviews and started to gain momentum, but the key problem was low liquidity. Since we started with our own funds with a relatively small volume, large clients did not come to us; they weren't interested yet. It was a vicious circle because they said they would come when liquidity improved, but that couldn't happen until they came.

Basic information about the exchange

The majority of users are traders from Russia, since the platform supports the Russian language. English language support is also available.

There are currently more than 100 cryptocurrencies offered on the exchange. There are the most popular: Bitcoin, Etherum, Litecoin, Ripple, Zcash. But the bulk consists of unpopular coins that can rarely be found on other sites: Revain, PRIZM, Nasdacoin, DIMCOIN, Mallcoin, BriaCoin and others. In addition to cryptocurrency trading, BTC-Alpha also works with the American dollar; you can top up your account with it through the Advcash or Perfect Money payment systems.

According to the Exchange Security Rating, which was conducted by ICORaiting, the site ranks 14th out of 221 for users. To ensure operational stability, the exchange uses a special system to protect against DDos attacks. All data is securely encrypted and stored on cold multi-signature wallets.

Distinctive features of the crypto exchange:

User support is provided 24 hours a day, seven days a week;
Availability of a dynamic commission system. Users can trade with a commission starting from 0.1% ;
Availability of a referral program. Users can earn up to 50% of their referrals' commissions;
Quotes are constantly updated in real time.

One of the main features of BTC-Alpha is the possibility of anonymous trading. The user can voluntarily undergo verification, but according to the rules of the exchange, this is not mandatory. But in this case, all operations will be carried out much faster.

List of tradable tokens

Coins that are the most popular on the exchange, as well as trading pairs with the highest turnover:

Cryptocurrency	Trading pair
Bitcoin	BTC/USDT BTC/USD BTC/USDQ
BTC-Alpha Token	BAC/USD
Ethereum	ETH/BTC ETH/USD ETH/USDQ
Litecoin	LTC/USD LTC/BTC
EOS	EOS/USDT
Revain	R/BTC R/USDT
Beldex	BDX/BTC
VestChain	VEST/BTC
REMME	REM/BTC REM/USDT
Zcash	ZEC/BTC
Prizm	PZM/USD

Road map

2012 - formation of the future BTC-Alpha team ● September, 2015 - alpha launch of the trading crypto platform ● November, 2016 - public launch of the crypto platform ● January, 2022 - the first 100 BTC of trading turnover ● May, 2022 - the first 100 thousand users ● January, 2022 - the first 50 coins on BTC-Alpha ● February, 2022 - record trading volume ● April, 2022 - mobile application on iOS ● June, 2022 - launch of Alpha Paradise ● August, 2022 - 200 thousand users ● August, 2019 - transition to a new trading core and update of the BTC-Alpha interface ● October, 2022 - launch of ALP Coin ● October, 2022 - mobile application on Android ● IV quarter, 2022 - input | withdrawal to a bank card ● I quarter 2022 - launch of Alpha Global, entry into new crypto-loyal markets ● I quarter 2022 - launch of margin trading

Main characteristics

Start of work : November 1, 2016
Category : cryptocurrency exchange
Activity : trading platform for performing purchase/sale transactions with digital currencies
Administration : Vitaly Bodnar
Verification : none
Security : the ability to connect 2FA using an application that generates one-time passwords, for example Microsoft authenticator; there is a function for connecting access recovery tokens if the main and backup phones are not available
API : all the necessary information regarding the API can be found here
Website : the website interface is very simple, intuitive for both experienced traders and beginners; there is a search on the desktop for quickly selecting the desired trading pair; graphs of changes in the exchange rate of a particular coin and the latest information on orders
Support : on the website you can see the “Frequently Asked Questions” section and the standard system for sending tickets to the technical support service
Languages : Russian (partial translation), English
Currencies : According to the latest information received about this exchange, BTC-Alpha supports more than 90 currency pairs
Payments : it is possible to replenish your personal account using both USD and a variety of cryptocurrencies (for more details, see “Replenishing your balance”)
Commission : for depositing/withdrawing USD a commission is charged depending on the payment system; commission fees when using cryptocurrencies are fixed (for more details, see “Commissions”)
Withdrawal : in manual mode, according to the information provided on the exchange website, withdrawal of funds can take from 48 hours (online transfers) and up to 5 working days (bank transfer)
Affiliate program : available; single-level - 10% of the exchange’s commission fees from your partners.

ALP Coin Token

ALP Coin is a decentralized digital asset that is the internal token of the BTC-Alpha cryptocurrency exchange. ALP Coin is developed using the Ethereum ecosystem, in particular the ERC-20 standard.

The decision to use this protocol is due to the fact that the ERC-20 standard is supported by most crypto exchanges and crypto wallets that work with Ethereum. The token's smart contract is written in the Solidity language. The token complies with international security standards ISO/IEC 27001 and CryptoCurrency Security Standard (CCSS).

ALP Coin tokens are not tied to real assets and do not provide their holders with ownership of BTC-Alpha shares or dividends. Launched 10/10/2019

ALP Coin holders have corresponding advantages of the entire ecosystem: a bonus and motivational system for exchange users and an advertising and marketing system for BTC-Alpha partners are built on the ALP Coin token. Also, ALP Coin holders can receive savings on trading commissions, favorable rates on Alpha Paradise, a discount on listing, increased referral payments, and in 2022, additional financial instruments.

Name: ALP Coin Issue: 100 MILLION Ticker: ALP Asset type: ERC-20 token Nominal value: 1 ALP = 0.25 USDT Smart contract address: 0x37d6e7f287200c740012747d2a79295caed2db35 Additional issue: not provided.

ALP Coin Distribution: ● 30% - Founding Team ● 50% - Market ● 20% - User Rewards and Marketing

Benefits of using ALP Coin

BTC-Alpha will gradually introduce the token into the exchange ecosystem. In addition, among the main goals of the company is the spread of cryptocurrency within the global economy, concluding strategic partnerships with leading payment systems and crypto wallets. To stimulate users, a reward system will be introduced, which includes (but does not exclude) the following:

Exchange Fee Discount ALP Coin holders can save on trading fees. In addition, attracted referrals who will operate ALP Coin tokens on the BTC-Alpha exchange will receive increased referral payments. The amount of payments will be determined in the description of the referral program.
Liquidity Protection ALP Coin tokens will be stored in the BTC-Alpha Foundation and used to protect the interests of users and compensate in emergency cases.
Exclusive offers for ALP Coin holders Bonus and motivational systems for holders and advertising and marketing opportunities for partners are built on the ALP Coin token. ALP Coin holders will receive exclusive company news and the opportunity to be the first to participate in the BTC-Alpha loyalty programs.

Benefits of using BTC-Alpha tools and products

ALP Coin holders can exchange tokens for products and services within the BTC-Alpha ecosystem. Token holder accounts receive an additional dedicated communication channel with a personal support operator. Also, ALP Coin tokens can be used to pay for the listing of new coins and change the nickname in the BTC-Alpha exchange chat.

Priority participation in Alpha Paradise For BTC-Alpha users - ALP Coin holders - there will be an opportunity for priority participation in the pre-sale of project tokens on the Alpha Paradise platform. In 2022, token sales will be held in ALP Coin.
Expansion of trading pairs The introduction of ALP Coin will allow expanding trading pairs on the BTC-Alpha exchange (ALP/USDT - at the time of launch, other trading pairs - in stages).
Opportunity to participate in the development of the platform ALP Coin holders have the exclusive opportunity to submit proposals to BTC-Alpha through voting.

Prospects for ALP Coin

A characteristic feature of the asset is the regular process of “burning” (where a certain amount of the asset is destroyed) to reduce the emission rate. Such a decision will have a beneficial effect on the price of the asset, as well as its prospects. The number of ALP Coin tokens cannot exceed 100 million.

BTC-Alpha plans to expand the services provided on the platform by introducing its own token into them. ALP Coin allows clients of the crypto platform to receive advantages when working with exchange instruments.

BTC-Alpha plans to enter new markets in 2022, maintaining its reputation as a reliable crypto platform, and the use of ALP Coin as an internal unit of account will allow clients to receive more benefits when working with the exchange and its instruments.

About the procedure for “burning” ALP Coin

The exchange administration plans to implement a process of regular redemption and burning of ALP Coin. Every quarter, ALP Coin will be “burned” (depending on trading volume on the BTC-Alpha platform). Starting from Q1 2022, the number of ALP Coin tokens in circulation will decrease.

Advantages and disadvantages

BTC-Alpha is one of the few anonymous platforms. Identity confirmation is carried out solely at the request of the client or if it is necessary to increase the set limits. Advantages of BTC-Alpha:

the standard American dollar and Ukrainian hryvnia are available on the exchange;
competitive trading pairs;
advanced plotting;
TradingView indicators and interface;
lack of mandatory verification;
completely Russian-language interface;
deposits are free when you enter cryptocurrency;
high withdrawal limits;
own platform for IEO.

Disadvantages of BTC-Alpha:

no margin trading;
Only 2 types of orders are available;
lack of regulation of the exchange by special authorities;
the listing is filled with little-known altcoins;
relatively low trading volumes;
lack of audits performed;
there is no information about the availability of cold storage, most likely the assets are vulnerable.

The main disadvantage of the exchange is its closed nature. The company does not provide data on protection methods, and it is not possible to find information about security in open sources. Including due to the lack of audits.

For some, anonymity will outweigh this major disadvantage, but by hiding their identity, a trader risks losing their entire deposit with no possibility of return. It is this type of feedback that fills specialized forums and sites that determine the rating of exchanges.

Many customers complain that their deposit has not been credited. Due to the fact that transactions are carried out using the blockchain, it is not possible to return funds. But at the same time, the exchange has users providing more than a million dollars in daily turnover of funds.

Alpha Paradise

Alpha Paradise is a unique digital platform for the pre-sale of tokens of crypto projects. The platform was created to make it easier for blockchain projects to raise funds for the development of the ecosystem. Before the pre-sale of tokens, the BTC-Alpha exchange team conducts a preliminary audit and technical check of the startup and tokens, evaluates the investment attractiveness and potential of the project, and only after that announces the launch of the project on Alpha Paradise.

Developers send tokens directly to the BTC-Alpha exchange and users of the Alpha Paradise platform can purchase digital assets at a fixed price. The investment process is as simple as possible - you don’t need to register on the project’s website, buy Ethereum and send it to an unknown smart contract.

Listing

Interestingly, the exchange invites creators and developers of virtual coins to cooperate!

According to the official statement on the site, the owner can apply to list his coin on the list of exchange coins.

It is warned that coins that are based on BTC technology can be added at a price of no less than 2 BTC.

If the coin is based on other technologies, then the application will be considered and the cost will be determined individually.

Requirements for developed projects

There should be an official website with a user-friendly interface.
Transparency of information on the official resource.
Write Paper.
Repository information.
Links to discussion of the coin on Bitcointalk or another forum.
Open source.
Good reputation of the project.

Depositing and withdrawing funds from the exchange

To make a deposit on BTC-Alpha, you need to go to the “Finance” section. To do this, select a digital currency and click the “Create Deposit” button. After this, you need to copy the wallet address and transfer cryptocurrency to it. Once the transfer is completed, you can trade on the exchange. There is no commission for entering cryptocurrency, but for entering US dollars the commission will depend on the selected payment system.

The withdrawal is carried out in the same section. Next to the selected currency, you need to click the “Withdraw funds” button. Next, you need to select an option to carry out the operation:

Payment systems: Perfect Money, Adv Cash, NixMoney;
Alpha Code*;
Standard withdrawal of cryptocurrency to a wallet. You must indicate the amount of money to withdraw, give the address of the wallet to which the money will be transferred and click the “Funds for withdrawal” button.

Overview of the VTS-Alpha personal account

So, having logged into our account, we see menu sections that contain the information we need to work on the platform. Let's take a short overview of the VTS-Alpha personal account:

The finance section provides information about the balance of each cryptocurrency, as well as the total amount in the account in BTC equivalent. You can open a deposit or apply for withdrawal of funds here.
In the Alpha codes menu, you can activate a code for transferring funds within the platform without commissions.
The profile contains personal data about the user: email address, nickname used to communicate with other participants in the chat, referral link and information about partners.
The Security section allows you to make authentication settings, list IP addresses available for login, view your account login history, and change your password.
The History menu item stores data on all movements of your funds: deposits, withdrawals, transfers to other users, information about your trading operations.
In the Settings section, you can choose the account format and login to your personal account that is convenient for you.
The API allows you to manage the connection of the API key, which is used in conducting trading operations and broadcasting data about them.

Detailed information about all sections, their use and management capabilities is presented on the exchange’s training service https://btc-alpha.zendesk.com/

Mobile app

The BTC-Alpha team is actively developing native mobile applications for iOS and Android, which improves the user experience on various gadgets. You have the opportunity to keep your finger on the pulse of stock quotes with a convenient mobile application from BTC-Alpha (https://apple.co/2Wpn68H).

By choosing the BTC-Alpha trading app, you will receive:

● variety of trading assets – 200+ pairs and constant expansion of the list of coins; ● real-time quotes - data for assets traded on BTC-Alpha is displayed without delay; ● adaptability, which will make your trading process as convenient as possible; ● continuous improvement and expansion of application capabilities; ● professional technical support 24/7.

Interface and menu

The interface is simple and convenient, it will be understandable for beginners who have never tried their hand at trading before.

The column on the left will allow you to select the trading pair you are interested in, as well as view its price, market fluctuations and volumes.
In the top center you will find a price chart. Its appearance can be changed to suit your own needs. For example, change Japanese candles to familiar bars, change the interval, add indicators, and so on.
At the top right you will find user chat.
Below you can see orders opened by traders, as well as their own active transactions. You can join the trading by buying or selling currency.

Exchange chat

BTC-Alpha users have the opportunity to communicate with each other in real time in a multilingual chat, share market trends, exchange opinions and discuss trading strategies. Exchange chat is an opportunity to receive fresh and timely information about BTC-Alpha updates, commission changes, listings of promising projects and other events. In addition, BTC-Alpha has separate chats in Telegram for Russian-speaking (https://t.me/btcalpha_ru) and international (https://t.me/btcalpha) users.

Commissions

The standard site commission is 0.2%. If a user comes through a referral link, he receives a 50% discount on the exchange commission for a month. All you need to do is register by invitation and go through the KYC procedure on BTC-Alpha.

The gradation of trading commission depends on the trader’s activity over the last month: the greater his cash turnover, the lower the commission. An authorized user can view the current conditions for input and output, 30-day trading volume and the amount of volume required to achieve a discount on the commission in the “Commissions” tab. There is also information about the commission for deposit and withdrawal for each coin separately.

Comparison with competitors

There is no point in comparing the exchange with large Binance, Huobi, Coinbase, etc. they have completely different areas of work. The first and main advantage is anonymity. Only small platforms like BTC-Alpha can afford to work in this format. While large representatives of crypto exchanges are suing regulatory authorities, BTC-Alpha allows the exchange of cryptocurrency without any regulation.

The second major advantage is the ability to invest in fiat. Large exchanges sometimes do not provide such functionality, but here every user can buy cryptocurrency for dollars or hryvnia. The only limitation is the inability to complete a purchase transaction without verification. You will need to go through a first-level identity verification process.

But there are also disadvantages here: low trade turnover. The problems are especially noticeable when trying to trade in unpopular directions, where the user can wait more than a day for the execution of the most popular order. Popular coins and unique ones that have nowhere else to trade perform best.

Referral program

BTC-Alpha users have the opportunity to invite new people to the exchange and receive additional income for this, which will depend on the number and activity of referrals. At the same time, the referral program is two-way. This means that invited traders will also receive a registration bonus.

Referrals receive:

50% of the exchange’s earnings from commissions for more than 50 invited users;
30% of the exchange’s earnings from commissions for 20-49 invited users;
20% of the exchange's earnings from commissions for 0-19 invited users.

Each referral receives a 50% discount on trading commissions during the first 30 days after registration.

What currencies can you stake?

To open the staking section, you need to click on the corresponding button on the panel at the top of the exchange page.

The platform offers 3 tokens for staking:

Cryptorg (CTG) – 3% for 30 days, minimum deposit 1000 CTG.
KRG (KRG) – 3% for one month, 8.5% every month when investing for a year, minimum deposit 1000 KRG.
Prizm (RZM) – 3% for 30 days, minimum deposit 500 PZM.

If necessary, you can cancel staking at any time without any fines or penalties. Rewards are credited hourly.

Registration and verification on BTC-Alpha

The registration process for sites is not complicated and is carried out in several steps:

We go to the official website and click the “Registration” button in the upper right corner of the monitor;

2. Fill in the required fields: email, password, if you have an invite. Check the box next to “I have read and agree to the Terms of Use and Privacy Policy.” Click the “Registration” button;

3. Go to your email and confirm registration by clicking on the link in the email. After that, go to the site and click “Login” in the upper right corner to enter the exchange.

The registration process on the exchange has been completed. For successful and safe work, it is recommended to undergo two-factor authentication and account verification:

To confirm your identity, go to the “Verification” section.

2. In the new window, select “Personal Information” and fill in the required fields: last name, date of birth, nationality, phone number and gender. After that, click the “Confirm” button;

3. After this, you need to upload a copy of your identity documents (passport, driver’s license, etc.), take a photo with the document and attach a handwritten note. We send all this for moderation.

Identity verification provides several advantages: the right to demand a refund of funds in the event of their loss due to hacker attacks, as well as the availability of additional methods for depositing and withdrawing funds. The personal data verification process will take from 30 minutes to several days, depending on the workload of the moderators.

Reliable investments on the Internet

BTC-Alpha review and reviews

Hi all! To trade blockchain assets, you need a reliable and secure platform, the choice of which should be approached very responsibly. One of the striking examples of such a platform can be called BTC-Alpha

As part of its use, you can work with more than a hundred digital assets, as well as dollars. The exchange originated from England, and its experience since 2016 allows us to offer clients high-quality services and good support.

Distinctive features of the exchange

The exchange has many distinctive features, which I will try to tell you in more detail in this article. For example, one of them is the Paradise platform, the purpose of which is to enable IEOs. The exchange also boasts the presence of Alpha codes, which help to carry out mutual settlements in the system, as well as trading through the API. It is also important to note that you can trade on the site while maintaining confidentiality, since going through the verification procedure is not a mandatory procedure. The exchange supports the Russian language, and is also characterized by functionality and excellent operating speed, which explains its popularity among users. In addition, support for fiduciary currency is not found in every exchange.

History of the development of the exchange

The formation of the platform dates back to the end of 2016. The managing organization is based in England. However, the general director of the company is a Russian businessman.

He sought to create a simple, but at the same time, functional platform for carrying out various operations with cryptocurrency, in addition, the goal was to integrate the functions necessary for professional traders.

During the testing period of the site, clients received a bonus upon registration, this allowed to increase the number of users, and after just a few months of operation, the level of traffic reached about one hundred and sixty thousand users monthly.

At the moment, the platform is distinguished by smooth and gradual development. However, what distinguishes the platform from the market leaders is the volume of trade turnover. This can be attributed to the fact that the exchange is not very well known in the cryptocurrency world; there are not many reviews about it, so potential users cannot form a complete impression about it.

As for the exchange interface, it is presented to clients not only in Russian, but also in English. All data is presented in a clear structure. All users of the platform have their own personal account, which contains several bookmarks, namely finances, verification, alpha codes, settings, history, partners, security.

In order to start cooperation with the system, you need to go through a simple registration procedure. To do this, first of all, select the language version of the site. To switch between Russian and English, you need to click the button in the upper right corner. Then you can start registering. The “Registration” button is also located nearby; click on it and go to the registration form. All you need to do is enter your email address and password. Don’t forget to read the platform’s terms of service, then confirm your actions and complete registration.

After this, you need to log in to your email, where you should receive a letter with a confirmation link, by clicking on which you can go to your personal account. Next, you will be able to log into your personal account by displaying your login and the password you specified. Each login will be accompanied by an email; this is necessary to ensure an adequate level of security.

Multiple Registration in the system is prohibited, you must remember this. If violations are detected, all client accounts will be closed, with the exception of the main one.

As I said earlier, going through the verification procedure in the system is not at all necessary. You can easily work on the exchange while maintaining confidentiality and not waste your time confirming your identity and uploading documents. After registration, you can immediately top up your balance and start trading. Interestingly, there will be no restrictions when using the platform.

This is the key difference between the exchange and similar offers, because in most cases the verification procedure is mandatory.

But you can also go through verification on this exchange at any time. Among the advantages of confirming your identity is that if any problems arise with access to your account, it will be much easier to restore it. To undergo verification, you need to log into your personal account and go to the appropriate section. The entire procedure involves four steps. The user's email address is verified automatically, after which he is required to provide personal data by uploading copies of the necessary documents. A complete list of documents can be found on the company’s website. I note that in addition to a simple scan of documents, you need to take a photo with it and indicating the date of the photo on a special note.

According to some reports, it may take several days to confirm your identity. But you can use the exchange without any restrictions.

First of all, when entering your personal account, you need to pay attention to its security. This is facilitated by two-factor authentication. It will protect user funds from outside interference. To enable two-factor authentication, you need to go to the personal account section, install the Google Authenticator application on your mobile device, then read the QR code and enter it in the Token field.

If all steps are completed correctly, two-factor authentication will be enabled.

Now, to enter your personal account, you will need to enter the code received in the application.

Password complexity also has a positive effect on account security. If in any doubt, it is better to change it to a more reliable one, which includes letters, numbers and different case.

Refill

In order to top up your account on the site, you need to follow simple instructions. Let me remind you that replenishing your balance is possible using both cryptocurrency and fiat money (namely, the dollar).

Despite the fact that investing in cryptocurrency is free, a commission for depositing dollars is still charged and depends on the payment system. It is better to check the exact size in advance.

Funds are credited using the “Finance” section in your personal account. To make a transfer, you need to select the desired coin and click on “Deposit”. After this, the system creates a Bitcoin address to which you can transfer money. If you decide to Deposit Bitcoins, then you need to remember the following - the minimum deposit size is 0.00001 BTC, and the maximum is 500 BTC. I should note that the limits on the size of deposits vary for each currency.

Both cryptocurrency and fiat money are available for withdrawal. The exchange allows you to withdraw funds either to an account or to a card in dollars. The fee also varies depending on the type of coin.

To submit an application for withdrawal of funds, you need to go to the “Finance” section and select the desired currency. Next, you need to mark the required amount and indicate the Bitcoin wallet address. At this stage the total amount will be calculated along with the commission. If you are satisfied with everything, then confirm your actions.

Each currency has its own restrictions for daily withdrawal.

Trading on the stock exchange

You can start trading in the system immediately after funds are credited to your account.

The exchange offers users a huge variety of trading tools, including well-known coins and less common coins. The exchange regularly lists new currencies and removes unreliable ones from the listing. This allows you to maintain a sufficient level of liquidity of the assets present on the site.

Detailed information on coins is available on the official website of the exchange. Here is a complete list of active currencies available for trading.

When purchasing and selling digital currencies, there is a certain gradation in the size of the commission.

Its exact size depends on the volume of the trader’s monthly trading turnover, as well as on whether he is the recipient or sender of funds.

Creating a cryptocurrency deposit is free. But the deposit in fiat currency directly depends on the payment system. If we are talking about the commission for withdrawal of funds, then there is a clear amount for cryptocurrency, and it is different for each coin.

The exact commission amounts are posted on the official website in the appropriate section, I recommend that you familiarize yourself with them.

The exchange is officially registered in England.

In order to start trading operations, you need to go to the “Exchange” section. In this case, the exchange will offer you a choice of mode - standard or advanced. I'll tell you more about them.

Standard mode.

The Standard mode is an interface consisting of six areas −

In the center there is a chart displaying the selected trading pair. On the left side you can see the base and quote currency. An order to purchase or sell currency is placed directly below the chart. On the right is online chat and open orders. The interface also displays the order book and open buy orders.

2. Advanced mode.

In this mode, the trader has access to many indicators and other tools for marking charts. The application processing time directly depends on how much the declared price differs from the value of the asset on the market.

Order types

Trading on the exchange is carried out according to limit orders.

To create it, you need to specify the volume - that is, how much currency is required for purchase or sale. You also need to specify a limit price.

The order will be executed when the market price reaches the limit price or is even higher than it. For an order to be executed, there must be a counter order on the market with the same value as the limit order.

The trader can save on commissions because, unlike market orders, in which transactions are carried out instantly at the existing price, limit orders are placed in the order book and are not executed immediately.

Trading using market or stop orders is not possible.

Trading terminal

The BTC-Alpha exchange is characterized by the presence of a functional and understandable web platform for trading. It is equipped with the necessary indicators, charts, and also provides quick deposit and withdrawal of funds.

Along with this, clients of the system say that the platform is stable and has excellent speed.

At the same time, traders are not required to install a terminal on their PC, since they can trade directly from the browser.

To purchase digital currency using the site, you need to follow a few simple recommendations.

The user is required to select a trading pair. To do this, first you need to select the main coin, and only then the quoted one.
The second step is to assess the current market situation. It is necessary to research the trading history, exchange rate dynamics and order book.
Next, you need to fill out the appropriate form for purchasing coins - indicate their quantity and value.
The final step is confirmation of the transaction, when the system will automatically calculate the purchase amount taking into account the commission. If the trader is satisfied with everything, then we confirm the actions.

Let me remind you separately that transactions on the platform are carried out using a limit order placed in the exchange order book. It is triggered when the market value of an asset reaches or becomes greater than the limit.

Selling assets requires similar steps. Only in this case it is necessary to fill out the sale form - Volume of currency for sale, cost.

IEO on the exchange

An important feature of the exchange is the presence of the Paradise platform, the purpose of which is to conduct an IEO. By and large, it is an analogue of the ICO, that is, the initial coin offering, but the difference is that in the case of IEO, the tokens are immediately placed on the exchange and trading begins immediately. In the case of an ICO, not all tokens can be listed.

Features of IEO on the exchange -

The exchange takes on the role of an auditor who selects promising projects and avoids unpromising ones.
Participation is available only to users who have passed the verification procedure.
Payment for purchases is made exclusively using Bitcoins.
Listing takes place from three to ten days from the date of sale.

Alpha codes

To carry out mutual settlements between users of the platform, you can use special codes that each client can generate. To do this he must -

In your personal account, go to the “Alpha Codes” section.
Select a cryptocurrency, mark the amount and indicate the recipient's email address. If an email address is entered when generating the code, it is assigned to its owner, after which its activation is possible only by himself or the sender.
Inform the recipient about the code, which he uses to enter in his personal account, after which he receives the funds.

If you have an Alpha code, then you can activate it and the funds will be immediately transferred to your balance.

To create a new year, you can use the “Finance” section in your personal account.

It is important to remember that internal codes will be difficult to exchange on other sites; they are almost never used in exchangers.

User support

If you have any questions, you can contact the support service by writing an email, or filling out a special application form on the website indicating your name and email, and describing the problem.

Also on the official website of the exchange there is a description of the operation of the site.

Mobile application of the exchange

April 2022 was marked for the company with the launch of a mobile exchange application. It is available for iOS device users. As for the version for Android OS, it is under development. And in the near future it will be available for download.

Advantages and disadvantages of the exchange

I will highlight the main advantages and disadvantages of working with the platform. I'll start with the advantages -

Convenience and reliability of the platform.
Supports both Russian and English language versions.
There is no need to undergo a mandatory verification procedure.
A huge variety of active cryptocurrencies.
Possibility of depositing and withdrawing funds using fiat currency (US dollar).
Possibility of free creation of a deposit in cryptocurrency.
Low trading commission.
Support for the most popular EPS for depositing and withdrawing funds.
Altai codes for the possibility of making transfers in the system without commission.
Own platform for IEO.
High degree of security of the exchange due to the presence of two-factor authentication.

Now a few words about the shortcomings -

The official website of the exchange is not very informative.
Insufficient Trading Volume.
A large number of less common coins in the listing.
The presence of only a limit trading order.
No margin trading.
Small support for Alpha codes by cryptocurrency exchangers.

Conclusion

Despite the fact that the exchange has been operating for three years, it is not very well known to traders. However, existing clients note the possibility of maintaining confidentiality and the absence of the need to undergo a mandatory verification procedure. And without it, users have access to the full functionality of the exchange. You can also note the support for fiduciary currency, namely dollars, and a wide variety of cryptocurrencies. Another important thing I would like to add is the functionality and ease of use of the platform. All information is conveyed in an accessible, clear and understandable manner. Among the strengths is the possibility of conducting an IEO.

As for the weaknesses of the platform, users note a large number of little-known coins. Also, clients do not have the opportunity to select a trading order - only a limit order is available here. There is also no margin trading on the site, which negatively affects traders’ opportunities, because trading with leverage allows you to carry out trading operations even without capital.

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