A trading cryptocurrency guide must provide reviews of all of the top crypto exchanges out there, so that you can find the best cryptocurrency exchange site for you. This review of Altilly consists of four parts: general information, fees, deposit methods and security.
Altilly is an exchange registered in the Netherlands, with head quarters in Kerkrade. Netherlands has for a long time been one of the main cryptocurrency countries in Europe. Other exchanges from the Netherlands include LiteBit.eu, Bitonic, ICOCryptex, Deribit, Nocks, NLexch and Bitrush.
This exchange’s main claim to fame is that they support trading in a very large number of cryptocurrencies (267 different ones). If you’re looking for a more exotic altcoin to trade, chances are that you will find it here.
This exchange’s fee offering and security score is amazing. The most troubling issue is the liquidity at the platform, especially considering that Altilly has been around since May 2018. On the date of writing this review, 18 April 2019, the 24 hour trading volume at the platform was only approx. USD 24,600. Needless to say, this is a very low number and it is not even sufficient to place Altilly on the list of the top 200 exchanges in the world sorted in order of highest 24 hour trading volumes. As a comparison, OKEx Exchange’s 24 hour trading volume on the same date was USD 1.1 billion.
On 8 June 2019, the liquidity had quadrupled compared to 18 April 2019 (see the picture below from 8 June 2019, stating that the 24 hour trading volume was USD 86,255) but there’s still a lot of distance to cover in order to have an attractive liquidity at the platform:
Altilly does not list US-investors as prohibited from trading. However, US-investors should do their own independent assessment of any problems arising from their residency or citizenship.
Altilly Trading View
Different exchanges have different trading views. And there is no “this overview is the best”-view. You should yourself determine which trading view that suits you the best. What the views normally have in common is that they all show the order book or at least part of the order book, a price chart of the chosen cryptocurrency and order history. They normally also have buy and sell-boxes. Before you choose an exchange, try to have a look at the trading view so that you can ascertain that it feels right to you. This is the trading view at Altilly:
Altilly Trading fees
Every trade occurs between two parties: the maker, whose order exists on the order book prior to the trade. The maker thus “makes” the order being executed. The other party is the taker, who places the order that matches (or “takes”) the maker’s order. The maker-taker model normally encourages market liquidity by rewarding the makers of that liquidity with a fee discount.
Altilly’s trading fees for takers are 0.12%. This fee is a bit below the global industry average. The global industry average is arguably around 0.25%, although we are currently seeing a shift towards lower fees. Many exchanges now charge e.g. 0.10% or 0.15% instead.
But the taker fees are not even Altilly’s strongest edge. At the Altilly platform, makers get paid to trade. Altilly’s maker fees are -0.01%. Naturally, this is a great deal for the makers in the trades at this exchange. We are really impressed by it. There are only a dozen other exchanges in the world that have negative maker fees.
Altilly Withdrawal fees
Altilly charges a withdrawal fee amounting to 0.0003 BTC when you withdraw BTC. This is substantially below the industry average, as the industry average is 0.000812 BTC per BTC-withdrawal. Altilly’s withdrawal fees are thus roughly 65% lower than industry average.
All in all, the fees at Altilly are very competitive indeed.
This exchange does not accept any other deposit method than cryptocurrencies, so new crypto investors are restricted from trading here. If you are a new crypto investor and you wish to start trading at this exchange, you will have to purchase cryptos from another exchange first and then – as a second step – deposit them here. Don’t worry though, you can find a so called “entry-level exchange” simply by using our Exchange Finder tool.
We run all the exchange-websites in Mozilla’s Observatory-test (https://observatory.mozilla.org/). The score in such test is one of many indicators of the exchange’s security. Altilly received the highest possible score in this test: A+. This is an incredible score. Out of all the 380+ exchanges in our Cryptocurrency Exchange List, only a handful of others have received A+ scores at all. The majority of cryptocurrency exchanges in our Cryptocurrency Exchange List actually only receives an F when running the Observatory-test.
Great work indeed, Altilly!
Finally, the exchange reviewed above has a large number of supported cryptocurrencies. If a large number of supported cryptocurrencies is an important factor for you in your choice of cryptocurrency exchange, you could also check out the following exchanges: