What is AlterDice?
Alterdice is a relatively new cryptocurrency exchange based in Singapore, having launched its platform in October 2018. This review provides insights into various aspects of the exchange, including trading volume, accessibility for US investors, mobile support, and more.
Trading Volume
As of the initial review date on June 30, 2019, Alterdice reported a 24-hour trading volume of USD 40 million. However, as of the last update on December 2, 2021, the trading volume had increased to USD 51 million. This review acknowledges that the trading volume is considered decent, offering support in the order book for traders.
US-Investors
Similar to many other exchanges, Alterdice does not accept US investors on its platform. Investors from the United States are advised to use an Exchange Finder tool to identify suitable platforms that accommodate US investors.
Mobile Support
Alterdice provides mobile support through its application, allowing investors to trade conveniently on the go. While the majority of cryptocurrency trades occur on desktops, the mobile app caters to individuals who prefer a more mobile-centric trading experience.
Trading View
Different exchanges offer various trading views, and the choice depends on personal preferences. Alterdice's trading view typically includes the order book, price chart, and order history. Potential users are encouraged to explore the trading view to ensure it aligns with their preferences.
Trading Fees
Trading fees are a crucial consideration for investors. Alterdice charges a flat fee of 0.20% for both takers and makers, which is in line with or slightly lower than the global industry average. The industry average taker and maker fees, as of October 31, 2020, were 0.213% and 0.16%, respectively.
Withdrawal Fees
Alterdice employs an unconventional fee structure for withdrawals, combining a fixed amount and a percentage-based fee for certain cryptocurrencies. For Bitcoin withdrawals, the fixed fee is 0.0005 BTC, with no additional percentage based on the withdrawn amount. Comparatively, the global industry average fixed BTC withdrawal fee is approximately 0.0006 BTC per withdrawal.
Deposit Methods
Alterdice exclusively accepts cryptocurrency deposits and does not support other deposit methods. New crypto investors are advised to purchase cryptocurrencies from another exchange before initiating trades on Alterdice. Entry-level exchanges can be identified using the Exchange Finder tool.
What are the trading fees on AlterDice?
Trading fees are a crucial consideration for investors. Alterdice charges a flat fee of 0.20% for both takers and makers, which is in line with or slightly lower than the global industry average. The industry average taker and maker fees, as of October 31, 2020, were 0.213% and 0.16%, respectively.
Does AlterDice offer leverage trading?
Alterdice does not currently offer margin trading or leverage options.
Is AlterDice safe?
While many major CEXes boast stronger firewalls than most governments, history has witnessed numerous instances where exchanges have fallen victim to hacks, resulting in the loss of customer funds. DEXes are generally safer option as you have control over your funds at all times as long as blockchain is up and running. Its all based off contract code so you can clearly look whats behind the scenes, and how their contracts work.
Does have customer support?
Almost all exchanges provide customer support, but the quality, speed and continuity of this service varies from time to time depending on the budget conditions of the companies. We recommend that you experience the support service provided by the stock exchange by asking a question to the support section on its website.
