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Alterdice
RankAlterdice
Name
Volume (24h)
Visits
Avg.Liquidity
No.Markets
Launched
Volume Graph
Alterdice
000
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Alterdice is a relatively new cryptocurrency exchange founded in 2018 and headquartered in Singapore. It is a respected and innovative platform that is customer-focused in terms of the services it offers.

Alterdice is committed to encouraging its customers to participate adequately and win big in the cryptocurrency market, and has therefore developed a secure and well-structured environment in which its customers can exchange numerous digital coins at excellent market prices.

Interested investors who want to choose Alterdice as a trading partner benefit from a sophisticated set of services, such as a powerful trading platform, two-factor authentication, a wallet to store your digital coins, anti-theft protection, and more. Alterdice has structured these services to meet the needs of investors, regardless of trading experience.

Trading Characteristics

Alterdice, realizing how important the trading platform is to many investors, has developed its own web platform along with a mobile app to offer customers high-quality trading services. 

The web platform is very easy to navigate and use for both novice traders and experienced professionals. The exchange platform integrates the latest trading tools, order books of exchanged cryptocurrencies, charts and various charts.

All of these features are also integrated into the mobile app trading software. However, the added benefit of the mobile app is that traders and investors can always track and monitor their trades on the go. The mobile app is available for download and installation in the Apple store and Goggle Play, that is, it is suitable for both iOS and Android OS.

The exchange platform uses only cryptocurrencies for both withdrawals and deposits, which is very limiting for investors. The whole process takes a bit longer, as investors must first purchase cryptocurrencies on another exchange platform before depositing them on the Alterdice exchange platform.

Alterdice fees 

Generally, the withdrawal fees charged by most exchange platforms have a fixed amount, varying from one exchange to another. However, quite a few exchange platforms work with interest rather than a fixed amount.

For BTC withdrawals, Alterdice charges a fixed withdrawal fee of 0.0005 BTC with no additional fees on the amount withdrawn.

Compared to the industry's average fixed withdrawal fee of 0.0006 BTC charged per withdrawal, Alterdice charges a relatively low fee. However, Alterdice also uses a percentage commission for withdrawals.

Alterdice charges the same commission to both recipients and producers, namely 0.20%. These fees are well in line with, or even slightly below, the global industry average. 

Safety 

The Alterdice exchange platform is recognized as providing one of the best security measures in the cryptocurrency industry. Alterdice has taken the necessary measures to ensure the security of its clients ' investments, identity and confidential personal information.

The security measures taken include:

  • Two-factor Authentication (2FA)

This technology is used to ensure the security of the most basic operations performed on your trading account, including withdrawal of funds, creation of API keys and general authorization. Two-factor authentication can be managed with a U2F, Twilio, or Google Authenticator security key.

  • Advanced Verification Tools

To prevent fraud, all authorization data is checked and stored when suspicious activity is detected. The analytical system tracks IP address changes to prevent hacking during the working session.

  • Withdrawal protection

To ensure that the desired user receives the requested withdrawal, the security system automatically uses various user action patterns and IP addresses to track the withdrawal operation.

  • Cryptocurrency Repository

To protect clients ' investments from hacking, Alterdice uses cold wallets that cannot be accessed from the servers or the platform itself. The exchange platform stores about 98% of total customer investments in secure cold wallets, with the remainder remaining in hot wallets for everyday activities.

To gain access to cold wallets, manual authorization must be performed only by a few designated chief administrators.

  • System Security

Hosting the entire platform uses the most advanced Linux operating system, offering the best security procedures to protect various servers and automatically back up all databases on a daily basis.

Other security measures taken include protection against DDoS attacks and automatic duplication of backup data that cannot be published on their websites for security reasons.

Summary

  • To own your crypto assets, you need to manage your own private keys.
  • Ledger hardware wallets make private key management easy and secure.
  • Each unique 24-word recovery phrase creates a new set of private keys.
  • Make sure you secure your 24-word recovery phrase properly.
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