BTCalpha Broker Review

May 7, 2019

A Brief Overview Of BTCalpha

BTCalpha is a crypto trading site that is based in the United Kingdom. It operates with a guiding vision of providing a secure crypto trading environment, as well as, make crypto trading facilities available to the vast majority.

Assets And Securities

Among the assets that are available for trading on BTCalpha’s platform are crypto coins pairs and also fiat currencies. Some of the crypto units available for trading include the bitcoin, bitcoin cash, achain, buzcoin, dascoin and ethereum among many little-known crypto coins. Only the United States dollar is accepted as fiat currency.

Fees

While trading on BTCalpha’s online platform you are going to incur some charges. These charges include trading, deposit and withdrawal fees.

For trading fees, the charges vary according to the trading amount in bitcoins. With a volume of fewer than 100 bitcoins, the fee is set at 0.2%for both the maker and taker. For up to 500 bitcoins in trade volume, the fee rate is set at 0.15% for the maker and 0.18% for the taker.

You only incur deposit charges when using fiat currency and it depends on the mode you use. The fee ranges from 3-5%. Withdrawals also vary and depend on the crypto coin. For bitcoin, the fee is 0.00135 BTC while for ethereum the fee is 0.01 ETH.

Pros

Accepts fiat currency.
Highly responsive customer support.

Cons

It is not a regulated platform.

Verdict

We noted a number of customer complaints ranging from the high fees charged to the unfriendly user interface. To be fair, we believe BTCalpha deserves a try, we cannot independently verify if the negative comments were from genuine clients.