A cryptocurrency exchange with its main office in the UK is called BTC-Alpha. In 2016, the BTC-Alpha exchange made its public debut. The exchange introduced to its customers the native token ALP coin as well as its mobile applications for iOS and Android in 2019. The exchange now offers over 200 cryptocurrency pairings in 10 different languages, services over 400,000 traders, and supports 10 different languages. At BTC-Alpha, daily trade volume exceeds $10 million. The platform provides margin trading, a configurable fee structure, and deposits in fiat currency and cryptocurrencies that may be made using a debit or credit card. Real-time quotations and round-the-clock customer service are provided to exchange clients.

Fees for BTC-Alpha exchange

The fees on the BTC-Alpha exchange include:

Trading fee

The trading charge on this exchange is 0.20% flat. As a result, the exchange doesn’t care whether you are a creator or a taker. This trading cost approach may be appealing to investors who want to pick up existing orders from the order book. The 0.20% flat trading cost is comparable to the industry norm, which is arguably about 0.25%. Similar to many other exchanges, BTC-Alpha gives traders who have completed deals at the exchange above a threshold a reduced trading charge.

Withdrawal charges

When you withdraw BTC from this trading site, a fee of 0.0005 BTC is assessed. This is below the average for the whole industry. This empirical investigation determined that the average BTC withdrawal cost throughout the industry was 0.00057 BTC.

Deposit techniques

You may deposit fiat money at BTC-Alpha using any of the exchange’s accepted payment methods. Currently, these payment methods are Mercuryo, NIXMoney, PAYEER, Perfect Money, AdvCash, and Perfect Money. Cryptocurrency deposits are possible in the same manner that cryptocurrency exchanges typically accept them (i.e., directly from cryptocurrency wallets).

Additional user features

The following features were introduced to the platform by Bitcoin Alpha in 2020:

The establishment of a social marketplace to generate money for the introduction of additional coins

They introduced the virtual currency ALC, which allows users to vote on new currencies or tokens and donate in the process. It is only used to vote for the projects you like on the Social Listing and cannot be traded or transferred.

Terminal for traders’ convenience that has low-liquidity pairings

Low liquidity currency pairings are now assigned to a different terminal. They migrate to the common terminal when liquidity shifts, and vice versa: as demand declines, currency pairings automatically move to the low liquidity terminal.

The site is now offering the BTC/EUR pair

On the site, it is possible to convert Bitcoin directly for one of the most significant fiat currencies in the world.

Introduction of the quick transfer feature

This distinguishes the platform alone. Users of the BTC-alpha exchange may instantly and commission-free transfer money between accounts.

The introduction of a demo trading option for novice traders

They will learn how to trade using actual market quotations thanks to this. The customer gets benefits during registration in the form of demo currencies BTC and USDT. To spread awareness of the invention, there is also a system of rewards in the form of demo currencies for a variety of behaviors.

Increasing the minimum order size

The current value in any currency or token is $5.

Support for the Mercuryo payment mechanism

You may do this to purchase cryptocurrencies using your bank card without paying any additional costs. Users may choose from 4 fiat currencies, and there are no additional costs associated with purchases.

Commission cut for purchases made in USD

When topping up a deposit using AdvCash, Perfect Money, or Payeer, the fee on USD purchases is decreased to $2.95.

Benefits of using BTC-Alpha for trading

• $10 is the required minimum deposit, making it accessible to beginners;
• affordable basic cost for both creators and takers;
• a large number of Tether (USDT) pairings;
• earning potential via the ownership of cryptocurrency (staking) and bringing in new customers (referral programme);
• the exchange offers leverage up to a maximum of 1:10;
• a flexible trading platform with trading view charts that is user-friendly;
• trading platform and customer support in several languages.

Negative aspects of BTC-Alpha

• Deposits made through a bank transfer are not allowed;
• the welcome bonus and trading fee cash back are not accessible in all countries;
• On the exchange’s website and trading platform, there is no live chat feature, and the only way to get in touch with customer care is through email.