RESEARCH & ANALYSIS
FOR THE CRYPTO ECONOMY.

Allcoin

Allcoin Exchange Review

Centralized
  • 24h Trading Volume

    15410.993 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.