BTC-Alpha Exchange Review

BTC-Alpha is headquartered in the United Kingdom, a country which undoubtedly has the most cryptocurrency exchanges in the world. Though it is registered in the UK, the exchange is not made by UK nationals. The CEO Vitalii Bodnar is Russian, and judging by the Chatbox and the exchange’s website, the team behind the exchange’s creation are Russians as well. Like most exchanges, the platform is not overseen by any authority and is not regulated. BTC-Alpha hosts a large number of popular cryptocurrencies and altcoins. The most popular crypto-fiat trading pairs on the exchange are BTC/USD and ETH/USD.

BTC-Alpha has a flat trading fee of 0.20%, which is slightly lower than the global industry average of 0.25%, allowing for an advantage to the average user as it is quite a competitive fee. Deposits can be made via bank transfers, however, credit cards are not allowed. The platform offers trading in both fiat currency and cryptocurrency, which allows for it to appeal to a larger audience amongst cryptocurrency investors.

When tested, BTC-Alpha scored pretty high for security in one exchange review, however, there have been various complaints of BTC-Alpha mishandling users’ cryptocurrencies. BTC-Alpha has responded to such claims on its website, explaining that complaints that were made do not have any relation to BTC-Alpha, or that they were made accompanied by "unreasonable demands for a refund, threatenings” etc. To provide enhanced security, BTC-Alpha utilizes the two-factor authentication system (2FA), which is commonly used in cryptocurrency exchanges. The system prevents hackers who have obtained account passwords from accessing the account, by sending a verification code to the user’s mobile device. However, completely anonymous trading is not allowed on the platform, which might deter certain users looking for maximum protection and anonymity from using this platform.