As Altmarkets is a relatively new exchange, there is room for improvement when it comes to the exchange’s liquidity. On the date of last updating this review (8 June 2019), the 24 hour trading volume was only a bit over USD 2,000. They hope that this liquidity number increases significantly in the near future. The exchange also states on its website that it currently has 4,812 active users.
Altmarkets is forex broker, which does a very bad job at presenting its trading services. That being said, the company may be very new and their website still in development. We will update this review, if any future developments occur.
|Withdraw fee||0.000812 BTC|
How To Start With Altmarkets
To start trading with Altmarkets , Indian residents first have to sign up for an account by following the steps below.
Step 1. Click on the “Login/Signup” link on the top right hand corner of the Altmarkets website.
Step 2. In the form, fill in your first name, last name, mobile number, email ID and password.
Step 3. If you have a referral code, enter the code while creating your account.
Step 4. Submit the form and wait for an activation email to be sent to you.
Step 5. Click on the “confirm email” link in the activation email.
Step 6. After your account is activated, you’ll be sent a 6 digit one time password (OTP), which you have to enter after logging into your Altmarkets account.
Altmarkets Trading fees
Trading fees are naturally very important. Every time you place an order, the exchange charges you a trading fee. The trading fee is normally a percentage of the value of the trade order. At this exchange, they don’t divide between takers and makers. Each party to a transaction pay the same fee: 0.015% of the order value.
Altmarkets trading fees are incredibly low and very consumer friendly, especially when comparing against the global industry average. Industry average has for a long time been 0.25%, but we are currently seeing a shift towards lower fees. Many exchanges now charge e.g. 0.10% or 0.15% instead. However, there are only a handful of exchnages in the world with trading fees as low as 0.015%.
Altmarkets Withdrawal fees
Altmarkets are exchanges out there that charge low trading fees and then hit you with high withdrawal fees. Because once you’re in, you can’t get out without paying withdrawal fees. Altmarkets, however, is on the totally opposite side of the spectrum. They only charge the network fees when you execute a transaction. The global industry BTC-withdrawal fee is 0.000812 BTC per withdrawal. The network fees vary from day to day but are roughly 15-20% of the global industry BTC-withdrawal fee. Accordingly, also the withdrawal fee model at this exchange is competitive.
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.
Altmarkets Customer Support
You can get access to customer support at Altmarkets through a customised ticket system. To raise a query, enter your name, email address, write a brief description and one of the listed categories in a drop-down menu and submit the ticket.There is also a frequently asked questions (FAQ) section which addresses most basic queries. In addition, you can send an email at [email protected]Altmarkets