BTC-Alpha Review 2024
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $10
- Web platform
- Mobile Apps
- Trading XMR is not available, the choice of fiat currencies depends on the client’s country of registration
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $10
- Web platform
- Mobile Apps
- Trading XMR is not available, the choice of fiat currencies depends on the client’s country of registration
Our Evaluation of BTC-Alpha
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
BTC-Alpha is a high-risk cryptocurrency exchange with the TU Overall Score of 2.8 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by BTC-Alpha clients on our website, Traders Union expert Anton Kharitonov does not recommend working with this broker, as, according to reviews, most clients are not satisfied with the broker. BTC-Alpha ranks 152 among 172 companies featured in the TU Rating, which is based on the evaluation of 100+ criteria.
BTC-Alpha is an international exchange for buying and selling cryptocurrencies that supports margin trading and offers an opportunity to earn by holding various tokens. Its official website publishes information covering the key events of the crypto industry, reviews and market analysis.
Brief Look at BTC-Alpha
BTC-Alpha exchange was officially launched in 2016. In 2019, the exchange presented its mobile apps for Android and iOS as well as the native token ALP coin to its clients. At the moment, the exchange supports 10 languages, servicing over 400,000 traders and offering over 200 pairs with cryptocurrencies. Daily trading volumes at BTC-Alpha exceed USD 10 million. The platform offers a flexible fee schedule, margin trading and deposits (fiat money and crypto) directly for a debit/credit card. Clients of the exchange receive real-time quotes and round the clock support.
- Minimum deposit of $10, which is affordable even for a beginner;
- Competitive base fee rate, both for makers and takers;
- Wide selection of pairs with Tether (USDT);
- Possibility to earn on holding cryptocurrencies (staking) and attracting new clients (referral program);
- Provision of leverage up to 1:10 by the exchange;
- User-friendly customizable trading platform with TradingView charts;
- Multilingual trading platform and support service.
- Welcome bonus and trading fee cash back are not available in all countries;
- Deposits via a bank transfer are not accepted;
- There is no live chat on the website of the exchange and on the trading platform, while customer support can only be contacted via email.
TU Expert Advice
Financial expert and analyst at Traders Union
BTC-Alpha offers access to trading cryptocurrencies, including in pairs with fiat money. The exchange provides the most trading opportunities for holders of Tether: a total of 40 pairs with USDT is available. The choice of instruments also includes 10 pairs with BTC and 3 pairs with USDA. The choice of fiat money depends on the country of residence of a trader, but USD and EUR are available in most regions. Traders can use their own funds to trade, and also leverage. The leverage depends on the chosen currency and trading volumes in the previous periods.
The money to the wallet can be deposited not only from crypto wallets, but also using popular payment systems, such as AdvCash, Perfect Money and Payeer. Cryptocurrency can also be bought directly with a bank card, but exclusively via intermediaries Mercuryo and itez. The itez platform allows transfers of up to $300 in Bitcoin without KYC. Mercuryo allows users to buy 9 cryptocurrencies. All electronic payment systems charge fees for their services.
BTC-Alpha provides a high level of security. Two-factor authentication is used to protect data. Also system bots continuously monitor activity on client accounts. If it is qualified as suspicious, the BTC-Alpha security service may request personal verification using a video call on Zoom. The security service may request photos of documents if you log into your account from a new device or IP address, as well as a new location or using VPN.
BTC-Alpha Summary
| 💻 Trading platform: | Web platform and proprietary mobile apps |
|---|---|
| 📊 Accounts: | Standard |
| 💰 Account currency: | 20 fiat currencies, cryptocurrencies |
| 💵 Replenishment / Withdrawal: | Payeer, AdvCash, Perfect Money, Geo Pay, cryptocurrencies, Visa, MasterCard, MIR cards (via Mercuryo and itez platforms) |
| 🚀 Minimum deposit: | 10 USD, 0.00016 BTC, 0.005 ETH |
| ⚖️ Leverage: | 1:3, 1:5, 1:10 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | $5 in an equivalent of any cryptocurrency |
| 💱 Commission: | 0.05-0.2% |
| 🔧 Instruments: | Over 200 pairs (Crypto+Crypto, Crypto+Fiat) |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Orders execution: | Market, Limit, Stop-Limit |
| ⭐ Trading features: | Trading XMR is not available, the choice of fiat currencies depends on the client’s country of registration |
| 🎁 Contests and bonuses: | Welcome bonus, trading competitions, trading fee cashback |
BTC-Alpha charges low trading fees and allows users to exchange cryptocurrencies with a minimum deposit of USD 10. The proprietary trading platform of the exchange is powered by TradingView. Trading with leverage is available.
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Commissions & Fees
| Account type | Commission (minimum value) | Withdrawal commission |
|---|---|---|
| Standard | 2$ | Yes |
In the table below, TU analysts specified the average fees of BTC-Alpha, Binance and Bitfinex cryptocurrency exchanges. Based on the values, each platform was assigned a level – from low to high.
| Broker | Average commission | Level |
|---|---|---|
|
$2 | |
|
$6 | |
|
$0.1 |
Investment Options
BTC-Alpha offers additional income options to its clients. The choice of investment solutions is limited, but all of them allow traders to earn passive income without actively trading at the exchange. Traders can participate in staking and earn a percentage yield for holding certain cryptocurrencies. Also a referral program with a reward in the form of percentage of the fees paid by the traders invited to the exchange is available.
Passive income on staking cryptocurrencies
You can earn passive income on BTC-Alpha exchange by staking (holding) popular cryptocurrencies (Bitcoin, Ethereum, Tether), as well as less popular coins. The list of the latter is regularly updated. At the time when this review was prepared, the exchange offered Sputnik (SPUT) for staking. The main condition for earning percentage yield under the Staking program is locking specific cryptocurrency in your wallet for a period specified in the offer. The funds cannot be withdrawn or used for trading.
Special features of staking for BTC, ETH and USDT:
Minimum entry limits: 0.003 ВТС, 0.03 ЕТН, 100 USDT.
Staking period – 30 days.
Monthly percentage yield — 1%, daily yield — 0.033%.
The minimum term for the return of funds with the accrual of income is 72 hours.
Income in case of early withdrawal: 50% of daily income, which is 0.016% of the investment amount.
The exchange offers staking with two types of rewards: fixed and progressive interest (percentage yield). The programs with the fixed interest (from 1% to 5%) are designed for 30 days. Upon expiry of the 30-day period, you can submit a request for participation again. Under the conditions of staking under progressive percentage yield, the longer you hold the funds, the higher the APY. The minimum APY is applied for the first 30 days, and then it increases by 0.5% every month that follows.
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
BTC-Alpha Partnership Program
A client, whose link was used by a new user to register at the exchange, is called a referrer. Within 30 days after the referral executes his first trade at the exchange, the referrer receives 50% of his trading fee.
The referral also receives a bonus: a 50% discount on the fees for all trades performed within the first 30 days after the first trade. A referral can become a referrer and invite new users only after the discount for the trading fee expires.
User Satisfaction