Alterdice Crypto Exchange Review 2023 : Pros & Cons

What Is Crypto Exchange ?

A platform that enables users to purchase, sell, and trade cryptocurrencies is referred to as a cryptocurrency exchange (also known as a crypto exchange). Similar to a stock market, it allows users to trade different digital assets like Bitcoin, Ethereum, and other altcoins instead of equities and securities.

Usually acting as a marketplace, a crypto exchange connects buyers and sellers of digital assets and facilitates transactions between them. By collecting a fee from each transaction completed on the platform, the exchange serves as a middleman.

The cryptocurrencies that crypto exchanges support, the fees they charge, and the functionality they provide differ. While some exchanges only permit trading between different cryptocurrencies, others enable users to exchange fiat currencies like the US dollar or the euro for cryptocurrencies.

Overall, crypto exchanges are essential to the cryptocurrency ecosystem because they give customers a safe and dependable means to acquire and trade digital assets.

What Is Alterdice Crypto Exchange ?

Users can buy, sell, and trade different digital assets like Bitcoin, Ethereum, Litecoin, and more on the cryptocurrency exchange Alterdice. It was introduced in and has a Republic of Seychelles base of operations. The high level of security offered by Alterdice, which includes two-factor authentication (2FA), cold storage of user cash, and frequent security audits, is one of its distinguishing characteristics. The platform is perfect for both inexperienced and expert traders because it has a user-friendly layout that is simple to operate.

Alterdice Crypto Exchange Quick Facts

How To Register At Alterdice Exchange?

To register on Alterdice , click Register Now button at the top of the page. You can also start creating an account directly through the form on the main page.

You only need to enter your e-mail and come up with a password. If there is a referral code, it is also entered at this stage. Password requirements: at least 8 characters, numbers, upper and lower case.

Click ” Create Account ” then go to your email to verify it. Enter the code you received and registration is complete. You can start replenishing your account.

Alterdice Exchange Supported Countries

Alterdice Exchange is a cryptocurrency exchange that supports users from various countries around the world. However, the availability of services may vary depending on the location of the user.

Exceptions are the United States, Afghanistan, Algeria and countries in the Middle East. Bangladesh and Bolivia are also countries whose nationals cannot trade on Alterdice .

How To Verify Your Alterdice Cryptocurrency Account ?

There is no mandatory verification at Alterdice , but you can pass it if you wish. At the moment, the only restriction imposed on unverified users is the withdrawal limit of Free. In the future, depending on the actions of regulatory authorities, conditions may change.

For verification, you can use one of four documents to choose from: passport, driver’s license, identity card or residence permit. Artificial intelligence is used to evaluate the authenticity of documents. This service is provided by the Onfido online identification service, already used by the Alterdice , Revolut platforms.

How To Buy Crypto Or Deposit Crypto At Alterdice Crypto Exchange?

There are two main options for topping up your balance on Alterdice . Firstly, you can buy cryptocurrency with a bank card – it’s fast and convenient. Go to the ” Buy crypto ” -> ” Buy crypto with a credit card ” section.

Choose a cryptocurrency (currently there are 13 coins available for purchase in this way). Enter the amount and select the fiat currency to be used for payment.

After that, you will need to select a payment channel: each of them has conditions. You can choose between Simplex, Mercuryo, Banxa and Moonpay. Click ” Buy ” next to the appropriate option.

Agree to the terms and confirm the transition to the site of the payment provider. Enter information about the card and its owner, confirm the transaction. Cryptocurrency will be credited to the exchange account within a few minutes.

Second Method

You can transfer digital assets to the balance of the exchange from any external crypto wallet. For this:

• Go to the “Deposit” section from the “Assets” menu.

• From the drop-down list, you can select the cryptocurrency you want to deposit into your account.
• The wallet address will appear. You need to copy it and send funds to it from another wallet or exchange. Please note that only bitcoin can be sent to bitcoin addresses, similarly with other coins.
• You can also click “Show QR code” – for transfers from a mobile wallet, this is a more convenient option.

How To Withdraw Crypto Asset From Alterdice Exchange ?

Having completed all the necessary trading operations, it’s time to withdraw the received assets to an external wallet. Go to ” Assets ” -> ” Withdraw “. Please note that the operation is only available after enabling two-factor authentication in the settings. This is for added security and requires less than a minute, so don’t neglect this measure.

Select a cryptocurrency and enter the withdrawal amount. Each coin has its own withdrawal fee, for example, for BTC it is 0.00057 BTC. Click ” Output “. By default, the exchange processes applications three times a day, however, hourly withdrawals are available for Premium users. Also, the time of receipt of the cryptocurrency is affected by the workload of the blockchain network.

How To Secure Your Alterdice Account ?

There are several steps you can take to help secure your Alterdice account and protect your funds:

1. Make a Strong Password: Make sure your password is distinct, lengthy, and complex. Use a mix of symbols, numerals, and capital and lowercase letters.
2. Enable two-factor authentication for your account :This will increase account security. In addition to your password, you must enter a code from your mobile device.
3. Authenticate Your Account: To be sure your account is secure, finish the account verification process. You might need to submit a selfie and an ID from the government as part of this process.
4. keep Your Account information Private: Be careful when using public computers or Wi-Fi and keep your account information private. Do not divulge your account information to anyone.
5. Follow up on your account: Make sure there aren’t any unauthorised transactions or modifications by often reviewing the activities of your account.
6. Update Your Security Settings: To make sure your account is as secure as possible, you should frequently review and update your security settings.
7. You can help safeguard your Alterdice account from unauthorised access and keep your money and personal information secure by following these measures.

Fees taken when buying virtual currency

Alterdice Trading Fees

Naturally, trading fees are vitally significant. The exchange assesses a trading cost each time you place an order. The trading charge often represents a portion of the trade order’s value. Many exchanges collect what refer to as taker fees from users and what refer to as maker fees from users. The individuals who “take” orders out of the order book are known as takers. In other words, they eliminate liquidity by removing order choices from the order book. The makers are the ones who initially enter the orders into the order book.

Alterdice imposes a flat fee of 0.20% for both takers and makers. These prices are fairly comparable to, if not somewhat less than, the average for the entire industry. The average taker fee across the industry has long been 0.25%, although more and more exchanges are now switching to lower rates (0.15% or 0.10%).

Alterdice Withdrawal Fees

The typical withdrawal fee is a set sum that varies from coin to cryptocurrency. However, there are some exchanges that impose a withdrawal fee that is calculated as a percentage of the amount being withdrawn.

With regard to several cryptos, Alterdice has a structure that is rather unusual in that they impose both a fixed withdrawal cost and a percentage-based withdrawal fee. However, the fixed cost for Bitcoin is 0.0005 BTC, with no additional percentage of the amount withdrawn.

The average fixed BTC withdrawal charge throughout the entire industry is roughly 0.0006 BTC per BTC withdrawal, although it is obviously difficult to compare that average to Alterdice’s rates since Alterdice uses a hybrid fee structure.

Deposits Method

New crypto investors are prohibited from trading on this exchange because it only accepts cryptocurrency deposits. If you are a new cryptocurrency investor and want to start trading at this exchange, you must first buy cryptos from another exchange before depositing them here as a second step. But don’t worry, you can easily identify an exchange that is considered to be “entry-level” by using our Exchange Finder tool.

Trade On Go Alterdice Is 100% Mobile Friendly

Users of the cryptocurrency exchange platform Alterdice have access to a wide range of digital assets for trading. The platform is made to be mobile-compatible and usable by users who are on the go. This indicates that consumers will have no problems using their mobile phones or tablets to access their accounts or make trades.

In order to provide a consistent user experience across devices, the Alterdice platform offers a responsive design that adjusts to various screen sizes and resolutions. Because it enables users to access the platform at any time and from any location using their preferred device, this mobile-friendly design is crucial.

In conclusion, Alterdice is a platform that works well on mobile devices and enables users to trade digital assets while on the go. Consider Alterdice if you’re seeking for a simple and accessible solution to trade cryptocurrencies.

How To Contact Alterdice Customer Support Team?

If you need help with your Alterdice account or have any questions, you can contact Alterdice customer support through the following methods:

Go to https://www.alterdice.com/ to access the Alterdice website.

Alterdice Link :” link at the bottom of the homepage after scrolling down.

Click on the “Support” : Email address listed on the page if you’d prefer to send an email to the customer service staff. Your normal email client will open, allowing you to compose and send a message to the Alterdice team.

Alternatively : You can call Alterdice at the number listed on the same page.

Additionally : Alterdice has other media accounts that you can contact them through, such as Twitter and Telegram, which are indicated on the “Contact Us” page.

After getting in touch with Alterdice, their customer service department ought to respond to you in a timely manner.

Features Of Alterdice Crypto Exchange

Wide Range Of Cryptocurrencies

Alterdice offers trading in over 200 different cryptocurrencies, including well-known ones like Bitcoin, Ethereum, Litecoin, Ripple, and many more.

Security

By putting in place numerous security mechanisms including two-factor authentication, SSL encryption, and cold storage of cash, Alterdice offers its consumers a high level of protection.

Trading Tools

Users can choose from a variety of trading tools at Alterdice to aid in their decision-making. These consist of market depth, order book, price charts, and real-time market information.

Margin Trading

Users of Alterdice can trade using leverage, which allows them to increase their trading gains or losses.

Fast Transaction

With an average transaction duration of under 2 seconds, Alterdice advertises quick transaction processing times.

User-friendly

Users may easily navigate Alterdice and make trades thanks to its user-friendly design.

Alterdice Good Or Bad Points

Alterdice is a cryptocurrency exchange that allows users to buy and sell various cryptocurrencies. Here are some potential good and bad points of using Alterdice :

Good points:

1. User Friendly: Both novice and seasoned traders will find Alterdice’s UI to be simple to use.
2. Security Measures: The platform employs industry-standard security features, such as two-factor authentication (2FA) and encryption, to safeguard users’ cash and personal information.
3. Wide range of cryptocurrencies: A wide range of cryptocurrencies, including some lesser-known ones, are available for trade on Alterdice.
4. Competitive: Trading commissions on Alterdice are competitive with those of other exchanges in the industry.
5. Mobile App : On both the iOS and Android operating systems, Alterdice has a mobile application..

Bad points:

1. Limited payment options: Only a few fiat currencies, like the USD, EUR, and RUB, are supported by Alterdice..
2. Lack of regulation: Because the exchange is unregulated, some users could be reluctant to use it.
3. Limited liquidity: Compared to some of the major exchanges, Alterdice has a lesser trading volume, which may mean less liquidity for particular cryptocurrency pairs.
4. Customer service: Some users have complained about poor response times and unsatisfactory responses from Alterdice’s customer care.

Is Alterdice Is Safe Platform To Trade ?

Verify the platform’s regulation by an established financial regulator. Regulated platforms are typically subject to stricter security and transparency requirements Look into the safety precautions the platform has put in place to safeguard customer money and information.

This could include SSL encryption, two-factor authentication, and cold storage for cryptocurrency. Review the opinions of other users regarding the site. Look for reviews that address its reliability, security, and customer service.

A secure trading environment should be open and honest about its commissions, trading rules, and any potential hazards. A reliable platform need to offer helpful customer service that can address any problems or worries you could have.

You may decide whether Alterdice or any other trading platform is secure for you to use by taking these things into account.

Alterdice Conclusion

Overall The simplest way to trade, buy, and sell digital currencies including Bitcoin, Ethereum, XRP, and Zcash is with Alterdice. Customer money are still offline in 98% of cases. We employ automatic DDoS defense, provide daily BackupUps, and make 2FA available to all users. No matter how experienced or inexperienced they are, traders may visualise orders, positions, and price alerts with Alterdice.

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