Crypto Exchange world is growing at rapid rate, some of the exchanges have establsihed strongly in the market. Among these one is Allcoin, which offers most famous cryptocurrency exchange in the world. Read on for our complete Allcoin Exchange Review.
Quick Navigation :
- what is Allcoin?
- Features of Allcoin
- How to setup an Allcoin account?
- How to trade?
- Allcoin Fees and security
- Latest updates and Announcements
- Final verdict
what is Allcoin?
Allcoin is an exchange platform for the digital currency. Cascadia Electronics Corporation looks after the Allcoin operations. The prototype of Allcoin was developed in 2013 but its first beta version was released by its team in Feb 2016. Its ultimate goal is to provide a platform where all the crypto coins can be traded such as Bitcoin, Ethereum etc. The major significance of Allcoin is that it is the first listed blockchain asset in the industry of exchanges.
The company has its headquarters in Canada and is listed on Canadian Securities Exchange (CSE) with the stock code as CK. This cryptocurrency exchange is registered and supervised by FINTRAC (Financial Transaction and Report Analysis Center of Canada) for legal and all formal operations regarding exchanges.
Features of Allcoin
Allcoin is ranked among the top 40 companies for 24 hrs. trading volume. The website has two language versions English and Chinese. Some of the trading combinations are DICE/EOS, MEV/EOS, GNX/CK.USD, XAP/BTC, BCD/CK.USD.The most active trading pair on Allcoin exchange is BTC/CK.USD.
Qtum is a company that provides Qtum equity tokens for exchange. Qtum partnered with Allcoin and started Qtum trading in June 2017.
It has introduced the trading of Sigma coins on its platform. The currency was introduced on 4 July 2017. Allcoin is also a platform that has introduced some of the unique currencies, which are not available on most of the exchanges such as NBC, BGC, EDR, and A0101. The trade occurs between these currencies and Bitcoin.
Thus, it provides a user-friendly and reliable platform for the crypto enthusiast to trade.
How to setup an Allcoin Account?
In order to trade crypto, a user can set up a new account on here.
- Go to www.allcoin.com. Click on “Account” tab where a new window opens.
- Enter mobile number and captcha code then click on “Send SMS”.
- A 6-digit SMS code will be sent to the number, which is valid up to 5 minutes.
- Set an appropriate password with minimum 6 and maximum of 20 characters. Then click on “I agree to Terms & Conditions”.
- Once the mobile number is verified, the home page opens. The Home page has information on the 24-hours trading volume of BTC, ETH, and USD and also the total number of the transaction.
- Similarly, user can also create account using Email.
How to trade on Allcoin?
Trading at this platform is simple and the interface is easy to use. Click on “My Account” tab available on home page. A new window opens up with many options on the left panel such as Assets, My Transactions, Order Management, Transaction, Account center, and Verification etc.
Click on “Asset” tab to see the list of cryptocurrency available for trading. A user can either Deposit/Withdraw the currency or simply trade.
Under “My Transactions” a user can see previous history of transactionby selecting the trading pair from the drop-down menu.
Under the “account center” tab there is real-name verification level to google aunthentication. First you need fill real name verification then only you will be able to enable google authenticator.
clicking on “Invite friends”. The Link is available which a user can copy and send to the invitees. Thus, Allcoin is an advanced but an easy platform for all types users whether they are hard-core tech geeks or simple traders.
Allcoin Fees and Security
Allcoins fees are very low compare to other exchanges. The platform does not charge any fee for registration and maintainance. The fee for withdrawal is 0.2%, for taker 0% and maker 0.2%.
The security is more enhanced as the platform gives limited acces of user’s data to employees . Allcoin uses physical data centres and various administrative security measures. The platform is encrypted by ssl protocol, which protects it from unauthorized access.
Latest updates and announcements
- Feb 12 ,2019 : Happy Spring Festival，Free Trading Fee for 7 Days
- Feb 06, 2019 : Allcoin will Live With BXA (Blockchain Exchange Alliance)
- Jan 25, 2019 : Allcoin Will Support BTT Airdrop to TRX Holders
Overall , Allcoin is very good for both beginners and experts. The paltform interface is very simple and easy to use. It provides a high level security and stern user aunthentication . But , the platform has a problem for english users due to language barrier.
since Allcoin acquisition by Cascadia Fintech Corporation, the platform has grown a lot and features in top 40 cryptoexchanges in the world.
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