BTC-Alpha is a crypto exchange registered in UK, although we believe it to be operated from Ukraine. The exchange offers trading against USD, although it is rather misleading – they do not accept traditional methods of depositing USD (i.e bank transfer) but several esoteric internet-based payment methods which most customers will probably not trust.
Their site is pretty basic, not displaying a high functionality or an inviting UI, and their fees are quite average for the industry – 0.2%.
There are around 100 coins tradeable on BTC-Alpha, with around 200 trading pairs in total.
The team is all based in Ukraine, from what we could gather, with the CEO not being very experienced in blockchain technology and no-one appearing in searches who is in charge of managing risk. The exchange appears to have started operations in 2018.
There exist many reports from users online which claim the exchange is having trouble processing their withdrawal requests, at times even leaving the users with unresolved problems – although in the Telegram group, the admins assure users that any issues they are experiencing will receive personal help from team members in attempt to resolve them.
To conclude, BTC-Alpha does not appear fraudulent, although it does appear like the founding team wanted to quickly capitalize on an attractive crypto market (in early 2018 terms) and quickly built an exchange which has many technical problems and does not serve its users very well.
