What every cryptocurrency trader needs is detailed information of all crypto exchanges sites available, so he or she can make an informed decision.
In this guide, we will look at the overview of Allcoins.
Allcoin is a cryptocurrency exchange where you can easily buy and trade Bitcoin and other altcoins.
Next, we will discuss deposit methods, fees, and security. We are going to be wrapping things up by giving a review of what we think about the crypto exchange site.
By the time you’re done reading the guide, you have all the vital information you need to decide whether it is the right crypto exchange site for you or not.
- Deposit bankwire, Visa
- Withdrawal bankwire, Visa
- Support E-mail
- Easy to transfer money
- No chat or phone support
Allcoins is a digital asset exchange based in Canada. It was registered in Canada in 2013.
The domain name and right to the website were bought in 2015 by Cascadia Consumer Electronics Corp. The beta version of the exchange was later released in 2016.
Allcoins serves the crypto traders through no less than 30 markets.
Allcoins website is available in two languages which are English and Chinese language but the crypto exchange tends to focus more on the Asian market because some parts of their website can’t be translated into English as it’s only available in the Chinese language.
All crypto exchanges have different trading views with just a few views in common which includes showing of full or part of an order book, the price chart of the trader chosen cryptocurrency, and order history.
Also, traders can find buy and sell boxes in almost all the crypto exchanges. It is important to first look at the tradingview of exchange before choosing an exchange.
Make an effort to look at it very carefully so that you can be sure that it feels okay for you. Because you are the determining factor, no one will do it for you.
Allcoin Deposit Methods
Allcoins allows its traders to deposit through both credit cards and wire transfer. Before actually deciding on which deposit method to use, it’s important to look at the fees associated with the various deposit methods.
Some exchanges charge a credit card deposit fee of up to 11%. We discuss the fees more as we move on in this guide.
It may not really matter to you whether to deposit through a wire transfer or via credit cards but the various deposit method fees will definitely serve as a guide – because we’re pretty sure that you will want to cut costs.
In this part of the guide, we will discuss the various fees associated with allcoins.
In a trade two parties are involved:
- The maker
- The taker
The maker’s orders cause liquidity in the market that’s why they are called makers. Trading fee for takers in Allcoins is 0.20%. Allcoins offer makers trading fee discount, makers trade on 0.10% fee which is half the taker’s fee.
Allcoins trading fees are in accordance with the industry average which is set to be 0.25%. Although it’s gradually moving towards 0.10% to 0.15%. There are no more fees associated with that.
Alright, it’s time to look at allcoins withdrawal fees; it’s important that we provide you with all the information you need to know about the exchange. This exchange charges its traders a withdrawal fee of 0.0009 BBC each time they withdraw BTC.
Allcoins withdrawal fee is in line with the industry average which is 0.000812 BTC for every BTC withdrawal.
It is very clear that all fees charged by Allcoins are in accordance with the global industry average; though the fee is just a bit higher, the difference is not recognizable and within acceptable limits.
If you want to read more about all teh Withdrawal and Deposit fees, check out their fee page.
Does security really matter? Why do we even have to talk about it? Security is very important. In fact, it’s one of the features upon which top digital exchanges are rated.
You have to understand that exchanges carry out lots of coins and cash deposits. They also have a lot of traders’ sensitive and financial information at their disposal. All of this information needs to be safe.
Allcoins’ security score is pretty okay, but not as strong as some of the top industry leaders. However, it’s still safe for traders to use; all their sensitive and financial information is secured.
We understand that a crypto guide must provide the readers with all the necessary information that will help them make the right decision.
It is why we have tried our very best to provide you with a comprehensive guide starting from the general Allcoins information to deposit methods, Allcoins trading view, Allcoins fees, to security.
The crypto exchange is actually good to use since it meets almost all the industry standards. There is plenty more to learn about the cryptocurrency but summing up, we can say that the currency seems safe and trusted to us.