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BTC-Alpha Review - is it scam or safe?

BTC-Alpha review - is scam or good cryptocurrency exchange?

RATING: 1.9 / 4 REVIEWS ForexBrokerz BTC-Alpha
BTC-Alpha is not regulated. We cannot guarantee your money is safe.


Trading Accounts and Conditions


Account type Minimum deposit Leverage Trading fee
Standard 0.00001 BTC /$1 N/A 0.10 – 0.20%*


*Depending on the user’s monthly trading volume. Deposit and withdrawal fees also apply (described in detail below).


BTC-Alpha is a cryptocurrency exchange which allows both crypto-to-crypto and fiat-to-crypto trading (USD supported) via an advanced web-based platform. It also offers a coin listing service.


Like most crypto-exchanges, BTC-Alpha has a two-step verification system (2FA), however completely anonymous trading is not allowed.


BTC-Alpha Advantages


Decent amount of altcoins available

BTC-Alpha offers trading in Litecoin, Ethereum, Ethereum Classic, Monero, Zcash, PRISM, and others. Currently, there are 25 pairs available on its platform, the most popular being BTC/USD and ETH/USD (judjing by their trading volumes).


Fiat currencies supported

In fact, this exchange supports only one “traditional” currency, but it is the most popular one– US dollars. So, on BTC-Alpha you can buy some coins with your dollars, or cash out your Bitcoins.


Competitive trading fees

BTC-Alpha charges market “takers” and market “makers” alike with a fee that varies based on their monthly trading volume. Given that most exchanges charge 0.20% - 0.25%, even BTC-Alpha’s highest fees are competitive.


Here is the detailed information on this exchange’s trading fees:



Trading platform with advanced charting

BTC-Alpha offers its services via a browser-based trading platform equipped with technical indicators, charting options and add-ons, provided by TradingView. There is a neat order book, Trade history window, Chatbox, as well as the latest tweets of the company.



BTC-Alpha’s platform. Click on the image to zoom in.


BTC-Alpha Disadvantages


Bank transfers & credit cards not accepted

Although BTC-Alpha supports fiat currencies, it does not allow tranfers via bank wire, nor credit card payments – one of the most convenient and popular payment methods. Instead, its users can make blockchain transfers and deposit/withdraw USD via AdvCash, Perfect and Apha Code.


>>Crypto exchanges accepting cards <<


Relatively high withdrawal fees

Apart from not allowing bank wire and credit card payments, BTC-Alpha charges some fees on deposits and withdrawals, which are not to be underestimated.


Like most similar venues, it does not charge blockchain deposits, however, certain fees apply to withdrawals. For example 0.001 BTC, 0.1 ETH, etc. Besides, both deposits and withdrawals in US dollars are charged, apart from those via Apha Code. Here is the complete information:



Clients’ funds stored online

We are not sure whether this is true, but unlike most crypto-exchanges, BTC-Alpha does not claim to keep clients` assets in cold storage. Besides, we read some user reviews according to which clients’ funds are stored online.


Not regulated

It seems that BTC-Alpha is an exchange made by Russians and used predominately by Russians, judging by the name of its CEO Vitalii Bodnar, the main language of the website and the Chatbox. However, the company owning the exchange and the site is registered in the UK. Like most exchanges, it is not overseen by any authority.


No margin trading

Unlike some cryptocurrency exchanges, like Kraken, GDAX and others, BTC-Alpha does not offer leverage. Those who want to use some margin, may either choose another exchange, or try out trading in Bitcoin CFDs with a forex broker.


>> Try Bitcoin leveraged trading with a forex broker <<


No anonymous trading

Although Bitcoin was launched with the idea of anonymity, many crypto-exchanges actually do not allow trading without verification with user ID. BTC-Alpha is one of them.




BTC-Alpha offers trading in decent number of digital coins and also supports USD fiat currency. Its trading platform is web-based with charts by TradingView. On the downside, deposit and withdrawal methods are rather limited, and some of them involve relatively high fees. Besides, BTC-Alpha does not allow margin, nor anonymous trading, and rumor has it that clients’ funds are kept online.


It Looks like the people behind the exchange and the majority of users are Russian-speakers. Nonetheless, the company owning and operating BTC-Alpha is registered in the UK. Unsurprisingly, it is not licensed, nor overseen by any authority


User reviews-some users complain their accounts have been blocked without any explanation


If you would rather do business with a regulated corporate entity, you can also trade in cryptocurrencies with some forex brokers. Make sure you are aware of the specifics of such trading.


>> See our list of regulated bitcoin forex brokers <<


Pros Cons
Decent amount of altcoins offered, USD fiat supported Relatively high withdrawal fees
Competitive trading fees Clients’ funds stored online?
Platform with advanced charting Relatively high withdrawal fees
  No anonymous trading


Latest news about BTC-Alpha
No news about BTC-Alpha. Check back later.
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Traders` reviews for BTC-Alpha
















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Scam. No withdrawal. Money lost.

Hi guys,

I have been trying to withdraw my money and 'surprise, surprise' there is no response since October 2018. It has been almost 5 months and I have still not received my funds. I have contacted my chain manager and there is no answer through e-mail or mobile. I have also contacted the numbers on the website and they do not work.

Lindy Geirnert 02/12/2019

Scam and fake

This is the manipulation of fake trading. I have been selling for 3 hours PGC / BTC for 0.00000058 and the store is still between 53-57 satoshi, to stop the trade right up shop over 58 satoshi. Always round. Do not sell or buy

Lukáš 12/04/2018

Scam Exchange

I deposited bitcoin on BTC- Alpha exchange but i didn't receive any amount on the exchange . They are doing scam with the people. I lost my money , but please don't use this exchange , hope i will save others valuable money. I am very much disappointed , At last don't use this exchange otherwise you will regret like me.

Rajat Rajput 12/02/2018

HYIP/ Ponzi scheme

Alpha Cash is HYIP without hype! Another scam project by the Questra owners Alex Prochukhan and Cheslav Pestyuk. Actually if you have a closer look you discover how much it’s close to ill-famed Questra – technically and even visually. They offer absolutely enormous for the market rewards and have typical for Ponzi scheme “grades” or “ranks” structure. Be aware and stay away!

Eugenia 08/14/2018

The police in Kazakhstan and Russia are after them!

I've heard this time it's not by the notorious pyramid builders Alex Prochukhan and Cheslav Petsyuk but by his friend Konstantin Mamchur, though it doesn't really change a thing, scam means scam however hard you try to name it any other way! The police in Kazakhstan and Russia are on their way to these guys!

Goran 08/14/2018

Stole my ETH

I had a failed transaction nearly 1.0 ETH . I have been in contact with them for a month now and all they keep telling me to do is to send text and then when i send a text they tell me to send screen shots , when i send screen shots they tell me to send text. I would never recommend using this exchange. They have literally stolen my money. Please be aware of this exchange. This is not FUD this is the honest to god truth!

Douglas 03/09/2018

No withdrawals is an exchange luring people in with U.CASH. When you deposit money, there are no issues. But as soon as you want to withdraw the money, you have to verify your e-mail account. That's not possible though, since the verification e-mail will never be sent to you. So if you have deposited money into, you will not get them out of that exchange.

So what's happening is you can use the money as monopoly money, but they won't ever see the light of day again. Say goodbye to your money.

Konan Diternus 02/13/2018
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