Exchange BTC-Alpha (Alpha): review, registration, entrance to the official website, input and output, cryptocurrency trading

BTC-Alpha is a cryptocurrency exchange 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:

1. Binance.
2. Localbitcoins.
3. Currency.com.
4. Bybit.
5. Bitmex.
6. 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.

BTC-Alpha Exchange Review

General information

In November 2016, the British management company BTC-Alpha Ltd, headed by Ukrainian entrepreneur Vitaly Bodnar, launched a new trading platform project. The crypto exchange is guided by development vectors aimed at the countries of the Western market and Eastern Europe.

The smoothly developing platform is inferior in turnover to leading cryptocurrency services. In terms of security and level of protection, BTC-Alpha ranks 14th among the 221 “A” category exchanges studied. The rating is based on analytical data from ICORating.

A specially developed system that prevents DDos attacks ensures stable operation of the trading platform. Personal information about users is protected by special encryption. For the safety of funds, “cold” multi-signature wallets are used.

Regular clients note the advantages of trading on the Bitisi Alpha exchange:

1. Large selection of available altcoins. Pairs of 25 coins are traded on the site. Most often, transactions are made on BTC/USD and ETH/USD. Data obtained from a statistical study of trading volume.
2. Possibility of using fiat currency. The British service allows traditional dollars to participate in trading.
3. Low commission fees. The tariff varies depending on the total amount of monthly transactions.
4. A set of tools for technical analysis. The interface of the cryptocurrency platform is equipped with special indicators and charts.

Investors consider the following disadvantages of the exchange:

• lack of possibility of confidential transactions;
• impossibility of replenishing the account by bank transfer or card;
• high commissions for opening a deposit and withdrawing funds in dollars, with the exception of Alpha Code;
• unavailability of margin trading;

Users are alarmed by the lack of government regulation of the trading platform. BTC-Alpha is registered in Britain, although the founder of the exchange is a Ukrainian businessman. Therefore, the main contingent is traders from Russia and post-Soviet countries.

Registration on the Alpha exchange

To register on the BTC ALPHA exchange, go to the official website of the exchange btc-alpha.com and click “Registration” in the upper right corner.

The process of creating a new account involves specifying:

1. Email. We recommend using the Gmail email service.
2. Password.
3. Acceptance of the user agreement.

After this you will receive an email. It will contain a link to confirm and complete registration on the Alpha exchange. Follow it and log in to the site. The email will be verified and you can begin setting up your account security.

BTS Alpha Affiliate Program

To expand the client base, BTC-Alpha management has developed a referral program. To participate, copy the link that appears on the monitor after clicking on the line “My referrals” and send it to friends and acquaintances. If an attracted client starts trading on the exchange, replenishes his balance and withdraws funds, 30% of the total amount spent by the new trader on commission fees is automatically credited to the inviting user’s account.

The administration does not limit the number of invitations. Program participants receive a share of income by earning on other people's transactions.

Login to btc-alpha.com

To log into the BTC-ALPHA exchange, enter your registration email and password. You may need to provide a PIN code, which will be sent by email.

To change and set the settings, click on the account name and select “Profile” and “Settings”.

In the first case, you will be able to:

1. Verify email.
2. Specify a nickname in the chat. It can be changed at any time.
3. Copy the referral link to earn extra money.

In the “Settings” - “Session Options” section you can set the following parameters (they are enabled by default):

1. Set to receive emails every time you log into the Alpha exchange.

2. Set consent to receive promotional emails.
3. Take into account IP changes. In this case, a letter will be sent to confirm authorization from the new IP.
4. Using two-factor to confirm financial transactions.

In the “Account Settings” subsection, set the time zone and date format.

Exchange interface

One of the advantages of BTC-Alpha is its clear interface, available in 2 language versions: Russian and English. The switch is located at the top of the page.

When registered users log into their account, the following sections open:

• security, which allows you to configure ways to protect your account from unauthorized access by intruders;
• finance, containing information about the current state of the exchange account;
• verification designed to confirm identity;
• Alpha codes used to convert earned assets into a special electronic cipher;
• history reflecting information about concluded transactions and the movement of funds on the balance sheet;
• settings used to change the password for entering your BTC-Alpha personal account;
• API.

Invited clients who have registered and make transactions after replenishing their account are recorded in the “Referrals” section. An incentive system has been developed for program participants.

Account security

The next important section of the btc-alpha.com website is “Security”. In it you can view or set parameters:

• Sessions (active and completed).
• Add IP to whitelist. Only do this if it is static.
• Enable two-factor authentication. We recommend that you enable this method of protecting your exchange account. To do this, download the Google Authenticator application to your phone, read the QR code and enter the resulting six-digit code in the “Token” field. It lasts 30 seconds, and then a new one is generated. To restore access if you lose your phone or reinstall the application, be sure to save your backup security code (consists of 32 characters).
• Change password.

Account creation

To participate in trading, a personal account is created. It is recommended to start by selecting the language version of the interface. The further procedure is similar to other cryptocurrency platforms and is carried out according to a simplified procedure.

registration on the site

Access to the expanded functionality of BTS “Alpha” is available to users after registration. Procedure:

• go to the official portal of the trading platform;
• open the registration tab;
• enter your email address;
• come up with a strong password;
• agree to the terms of use of the service;
• Click on the “Registration” button.

The final stage is to follow the link in the email sent to the client. Login to your account.

For subsequent logins to your personal account, enter your e-mail and password. The action is accompanied by a system notification to the email address associated with the account.

Passing verification

Account replenishment, trading and withdrawal of funds are available to unverified users. Confidential transactions can be concluded after registration on the site. There are no restrictions or limits for anonymous investors.

Most clients undergo an identity verification procedure, which facilitates the restoration of access to their account on the cryptocurrency exchange, following the instructions:

• on the main page select the “Verification” tab;
• enter personal data;
• confirm the information with scanned copies of relevant documents.

For identification documents, duplicate copies are provided:

• main page of a civil or international passport;
• pages indicating the place of residence (address of permanent registration or temporary registration);
• driver's license and other official papers.

In addition to scanned copies, they take a personal photograph, holding in their hand an unfolded document and a piece of paper with the actual date.

Verification of personal information takes from 2 to 5 business days. During the application review process, users are allowed to participate in trading and other functions of the exchange.

About two-factor authentication

The option is enabled to additionally protect your account from attacks by intruders. Activation is carried out in the following order:

• the “Security” section opens on the main account page;
• in a separate field, select the activation of the two-factor authentication function;
• The free Google Authenticator program is downloaded to your phone;
• The received GR code, consisting of 6 characters, is entered into the “Token” column;
• Activation of the option is confirmed by clicking on the “Enable” button.

The vulnerability of the generated cipher to incorrectly set time should be taken into account. Therefore, it is recommended to enable automatic clock adjustment.

Deposit and withdrawal with BTC-Alpha

Depositing or withdrawing cryptocurrency and fiat is carried out through the “Finance” section in the personal account of the Alpha exchange. You need to select the desired option and in the line opposite click “Deposit” or “Withdrawal”.

For example, when replenishing your account with Bitcoin, you should make a transfer to the address generated in the BTC-ALPHA account, taking into account the minimum and maximum amount. 3 confirmations are required for enrollment. The status of the transfer can be tracked using the Blockchain.com blockchain browser. For each transaction, it is recommended to use a new Bitcoin address, which is created by clicking on the “Generate code” button.

When withdrawing Bitcoin, you must indicate the number of crypto coins being sent and the address for receiving them. The BTS Alpha exchange charges a commission of 0.00135 BTC and a minimum amount above 0.003 BTC.

The fiat currency on the Alpha site is the US dollar. The account is designated US Dollar.

Payment systems connected for input:

1. Epay.
2. Advcash.
3. Perfect Money.
4. Nix Money.

Alpha-code is added to the output to those listed above.

Each method has its own commission and limits. Always check their current size on the official website of the BTC-Alpha exchange:

• For fiat:

• For cryptocurrencies:

For mutual settlements between clients, you can use the internal currency Alpha-code. Unlike the Exmo code, exchangers practically do not exchange the Alpha code.

How to top up your BTS-alpha wallet

does not charge commissions on deposits in any cryptocurrency. But when replenishing your account in USD, the amount of commissions varies depending on the chosen system.

As for the withdrawal of funds, both cryptocurrency and fiat are subject to commission. At the same time, for fiat currency the commission is calculated as a percentage, and for crypto it has a fixed cost.

1. So, to top up your account , go to Finance in the profile menu. We come across a large list of all kinds of currencies that are available to us for both deposits and withdrawals. For a visual example, I will choose AdvCash USD in exchange for the PRIZM cryptocurrency.
2. In the search bar, I enter USD accordingly and select AdvCash from the list below. Consider the commission! We create a deposit request and pay for it. The exchange wallet balance will be replenished within 5-30 minutes.

Alpha codes

A very useful thing for those who want to transfer funds to another user without commissions or, for example, withdraw them from the exchange. To use the Alpha code, you need to generate one of these in your personal account.

1. So, in your personal account, click on the “Alpha codes” tab and click the “Generate code” button.

2. On the page that opens, you need to select a currency, enter the number of coins to transfer and indicate the recipient’s E-mail.
3. After the code is generated, it can be transferred to the recipient, who, by going to the “Alpha codes” section, must click the “Activate” button and enter the code. The funds will be instantly transferred to the recipient's account.

Also, using these codes you can deposit and withdraw crypto and fiat from the exchange without commission! But in this case, withdrawal is possible only to some systems that maintain partnerships with the exchange.

For example, I want to take Perfect Money. If I had to deposit through the exchange, I would pay a 6.50% commission on top, which is undoubtedly too much. However, using alpha codes, you can transfer the same PM UDS to your exchange wallet through an exchanger. For example, via .

1. Select the pair PM USD - BTC-Alpha USD, fill out the form and agree to the exchange.
2. The email you indicated above will receive an alpha code in the form of a long phrase of random characters (in short, it won’t be confused with anything else). It must now be activated. To do this, go to “Alpha codes”, insert the phrase and click “Activate code”

   That's it, your balance will be replenished in a matter of seconds! Now, just for fun, you can do the math. If we exchanged PM within the exchange, then out of $100 we would get 93.5. When exchanging through the alpha code, out of $100 we received $97.5. 4% difference!

Trading on the BTS Alpha exchange

After replenishing your balance, you can start trading. To do this, go to the “Exchange” section. The trading interface of the BTC-Alpha exchange consists of several areas:

1. In the central part there is a chart of the selected currency pair and an exchange application form.
2. On the left side (top) - select the base currency (BTC, USD, ETH, USDT) and the quoted one. Below is the order book for sell.
3. On the right side there is a chat and open buy orders.
4. At the bottom is the history of transactions on the BTS Alpha platform and your open orders.

The type of order being created is limit. You must indicate quantity and price. After that, click “Buy” or “Sell”. The order will be placed in the appropriate order book. If the specified price is competitive, your application will be purchased quickly. Otherwise, the order is canceled and a new one is created. Before you start trading, you should study your trading history, chart and order books.

Trading commission on the BTC-ALPHA crypto exchange starts from 0.2% and decreases with increasing turnover:

After execution, the cryptocurrency or fiat will automatically appear in the exchange wallet. Funds can be withdrawn using available payment systems or transferred to a crypto wallet.

Disadvantages, advantages and review

Pros of the Alpha crypto exchange:

1. Fiat deposit methods.
2. Russian-language interface.
3. Convenient trading terminal.
4. 24/7 support.
5. Charts from TradingView.
6. High daily withdrawal limit - 50 BTC.
7. No verification.

Minuses:

1. Uninformative site.
2. There are a lot of shitcoins in the listing.
3. One type of trade order.
4. The internal Alpha-code is practically not accepted by cryptocurrency exchangers.

The Alpha BTS exchange is more suitable for those who need to exchange a coin that is not traded elsewhere. It can also be used to transfer and cash out cryptocurrency from faucets, since the minimum deposit amount is only 0.00001 BTC.

reviews on BTC-Alpha , although the exchange has been operating for 3 three years. Latest comments from bitcointalk: