RESEARCH & ANALYSIS
FOR THE CRYPTO ECONOMY.

Allcoin

Allcoin Exchange Review

Centralized

Allcoin is a crypo-asset exchange / digital asset exchange that seems to have been registered in Canada in 2013. Cascadia Consumer Electronics Corp. purchased the rights to the website and domain name (allcoin.com) in 2015. An Allcoin exchange review reveals that this was followed by the release of a beta version of the exchange in 2016. Cascadia Consumer Electronics Corp. is today known as the Cascadia Blockchain Group Corp. This comes after a name change in 2018.

An Allcoin exchange review reveals that this cryptocurrency exchange serves the crypto community via no less than 30 active markets. In addition, their website is available in both Chinese and English. This is great, but they seem to primarily cater to a portion of the Asian markets as certain parts of their website are only available in Chinese.

This cryptocurrency exchange seems to have its own platform token, namely ALLCOIN (Ticker symbol: ALC). It is an ERC20 token with a total supply of 1 billion tokens. It seems ALC tokens can be acquired via transaction fee mining and that extra ALC tokens can be earned by referring others to the platform. In addition, they seem to offer the opportunity to lock ALC tokens, something that makes it possible to mine a greater number of ALC tokens and/or to receive a greater bonus of ALC tokens.

They seem to offer an initial coin offering (ICO) section where blockchain projects can list their projects in order to obtain funding. It doesn’t seem very active, but makes for a nice addition to what they already offer.

  • 24h Trading Volume

    14122.462 BTC
  • Establish date

    2016
  • Headquater

    Canada

Allcoin Exchange Review

  • Accepted Payment Method

    Crypto to Crypto only
  • Native Token

    Yes
  • Margin Trading

    No

Allcoin Exchange Score Analysis

The Allcoin exchange, clearly an exchange targeting Chinese customers, claims it is based in Canada, and is owned by Cascadia Blockchain Group, a publicly listed company on the Canadian Securities Exchange. This fact, however, does not instill in us much confidence in the team’s integrity: while they might be marketing the exchange for mostly Chinese crowds, English speakers will find that information about the exchange or its team is almost nonexistent online, and many people in the BitcoinTalk forums are accusing the exchange of not honoring their requested crypto withdrawals. We cannot confirm these allegations, but from our research we believe Allcoin is faking their volume numbers – consistent reporting of upwards of $100M daily volume, a figure which suggests the exchange is rivaling Binance – is simply absurd. Due to this fact, we are losing trust in Allcoin, and would not be surprised if the exchange is actually selectively malicious – and not honoring withdrawals on purpose.
To conclude, from all the information available to us as English speakers, we believe users who are not well-versed in Chinese should stay away from Allcoin, if only due to their poor communication skills and shady atmosphere that surrounds the exchange.