UPDATE 27 December 2020: Altilly was hacked one day before Christmas Eve. A particularly ruthless timing... They have announced it on their website through the following message:
Altilly got hacked recently in week 52 of 2020 and we lost all access to our servers. We are still investigating the damage that has been caused. There is still a chance that all data might be recovered, depending on our hosting provider. We are working round the clock together with our hosting provider to recover data.
KYC details have never touched our servers and therefore have not been compromised or obtained by the hackers.
What can you do? Stay calm and give us at least 48-72 hours to evaluate the situation. Updates will be posted on this page.
If you have any questions, please join us on telegram. Click to join.
We apologize to our community, to our supportive team members and anyone else that is involved directly or indirectly with Altilly. We are doing our best to handle this situation.
As the platform is not currently open, we have marked it as dead in our database and moved it to our Exchange Graveyard. We will revive it if it opens up again.
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A crypto exchange guide should review all of the exchanges out there, so that you can find the right one for you. This review of Altilly consists of four parts: general info, fees, deposit methods and security.
Altilly is an exchange from 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, 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 first 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). On the date of last updating this review (16 March 2020, right in the middle of the crisis with COVID-19), the 24 hour trading volume was USD 46.4 million (according to Coinmarketcap). This is an absolutely amazing improvement. Wow!
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's withdrawal fee is 0.0005 BTC per BTC-withdrawal. This fee is a bit below the industry average. The global industry average BTC-withdrawal fee the last time we at Cryptowisser did a full-blown empirical study of it was approx. 0.0008. But today, we see more and more exchanges charging 0.0005 BTC per BTC-withdrawal, so one could argue that 0.0005 BTC is starting to become the new industry average.
All in all, the fees at Altilly are 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.