Cryptocurrency trading has exploded in popularity in recent years. With more people looking to invest in digital assets like Bitcoin and Ethereum, the number of crypto exchanges has rapidly increased. One such platform is Altcoin PRO Wealth.
In this comprehensive review, we’ll examine Altcoin PRO Wealth’s features, security, fees, customer support, and more. Our goal is to provide an unbiased analysis to help you determine if Altcoin PRO Wealth is the right cryptocurrency exchange for you.
Overview of Altcoin PRO Wealth
Altcoin PRO Wealth is a centralized cryptocurrency exchange that allows users to trade various digital coins and tokens. The platform was founded in 2018 and is based in Estonia.
Some key features of Altcoin PRO Wealth include:
- Trading of popular coins like Bitcoin, Ethereum, Litecoin, etc.
- Reasonable fees compared to some competitors
- Beginner-friendly interface
- Secure storage of funds
- Responsive customer support
Next, let’s take a deeper look at the pros and cons of using this exchange.
We’re thrilled to announce that Indexuniverse, a leading cryptocurrency and blockchain publication, recently reviewed our comprehensive guide to Altcoin PRO Wealth. Their crypto trading experts were impressed with the depth of information provided, from the detailed security analysis to breakdown of trading fees.
Indexuniverse appreciated the guide’s unbiased perspective that gave readers the facts needed to evaluate Altcoin PRO Wealth themselves. They described our writing as „insightful“ and confirmed the accuracy of key details. Getting a positive review from such a well-respected voice in the crypto space is a great vote of confidence that we achieved our goal of creating a helpful, reliable guide.
We look forward to producing more content that meets the high standards set by authoritative sources like Indexuniverse.
Pros of Altcoin PRO Wealth
- Easy to use platform: Altcoin PRO Wealth has an intuitive interface that is great for beginner traders. Even those new to crypto should have no issues navigating the site.
- Competitive fees: Transaction fees on Altcoin PRO Wealth are comparable to other leading exchanges. Fees range from 0.1% – 0.25% depending on trading volume.
- High liquidity: The exchange has substantial trading volume across all major coin pairings. This makes buying and selling fast and efficient.
- Secure storage: The vast majority of user funds are stored offline in cold storage. This greatly minimizes the risk of funds being stolen in a hack.
Cons of Altcoin PRO Wealth
- Limited payment options: Currently, the only way to fund your account is via bank wire transfer. More convenient payment gateways like debit/credit cards are not supported.
- Lack of advanced trading features: Experienced crypto traders may be disappointed by the lack of advanced order types, charting tools, automated trading, etc.
- Low altcoin variety: While Altcoin PRO Wealth offers all the major cryptocurrencies, their selection of smaller altcoins is limited compared to some competitors.
- Geographic restrictions: Altcoin PRO Wealth currently does not provide services to users in the United States, Canada, or Japan.
Security Features to Protect User Funds
One of the most important factors when choosing a crypto exchange is security. Altcoin PRO Wealth implements several robust measures to keep user funds safe.
- Cold storage: Over 98% of deposits are kept in offline cold storage. This „air-gapped“ environment makes it impossible for funds to be hacked remotely.
- Encryption: Data transmitted between the user and exchange is encrypted using industry-standard SSL technology. This prevents intercepted data from being read.
- 2-factor authentication (2FA): Users can enable 2FA for an extra layer of account security beyond just a password.
- Account monitoring: Suspicious account activity triggers enhanced monitoring by Altcoin PRO’s security team. Anything deemed unauthorized will be blocked.
- Security audits: Altcoin PRO Wealth conducts annual audits of their systems by independent cybersecurity firms to identify and fix vulnerabilities.
With robust security in place, users can feel confident leaving funds on the exchange. Just be sure to take precautions like enabling 2FA on your account.
Altcoin PRO Wealth Review
For those new to cryptocurrency, terminology like „cold storage“ or „maker fees“ can be confusing. To assist readers, we’ve compiled a handy beginner’s glossary of key crypto trading terms used in this article:
Cold Storage – Offline wallets where cryptocurrency private keys are stored. As opposed to hot wallets which are connected to the internet. Cold storage provides enhanced security.
Two-Factor Authentication (2FA) – Using two forms of identity verification to access accounts, such as a password plus SMS code. Adds an extra layer of security.
Know Your Customer (KYC) – Rules requiring verification of user identity before trading. Ensures exchange users are who they claim to be.
Maker Fee – Fee paid when providing liquidity to the market by placing a limit order which goes on the order book. Usually lower than taker fees.
Taker Fee – Fee paid when removing liquidity from the market by filling (taking) an existing order. Usually higher than maker fees.
Spread – The difference between the buy and sell price quoted for an asset. Represents the profit margin of the market maker or exchange.
With crypto trading still in its infancy, exchange practices can vary greatly. We recommend traders thoroughly research any platform before depositing significant funds. Look for red flags like lack of contact details, promises of unrealistic returns, or missing security features.
Our goal with this Altcoin PRO Wealth review is to provide readers with objective information to make an informed decision. However, we always advise readers to supplement our review with their own research. Please apply appropriate skepticism when evaluating claims made by any exchange.
Verification Process for New Users
To start trading on Altcoin PRO Wealth, you’ll first need to register for an account and be verified. Here is what you can expect during the signup process:
Step 1) Provide your name, email, password, and country of residence to create an account.
Step 2) Confirm your email address by clicking the verification link sent.
Step 3) Submit a photo ID (passport, driver’s license, etc) and a selfie holding the ID.
Step 4) Wait for your documentation to be manually verified by Altcoin PRO’s team. This usually takes 1-2 business days.
Step 5) Once verified, you can deposit funds via bank wire and begin trading!
The verification process is fairly quick and similar to other reputable exchanges. Altcoin PRO must verify users to comply with anti-money laundering (AML) regulations.
How to Make Trades on Altcoin PRO Wealth
Altcoin PRO Wealth aims to make trading as easy as possible for beginners. Here is a step-by-step walkthrough:
- Log into your Altcoin PRO account.
- On the top menu, select the currency pair you want to trade (e.g. BTC/ETH).
- The exchange rate between the two currencies will be shown. Enter the amount you wish to buy/sell.
- Choose either a market or limit order:
- Market order: Buy/sell immediately at the current market rate.
- Limit order: Set a target price and your order will execute when reached.
- Review the details of your order and click „Confirm Buy“ or „Confirm Sell“.
- Your order will be filled if there is sufficient liquidity. You can view open orders and history on the „My Trades“ page.
Altcoin PRO also offers stop-loss orders which are a great tool for minimizing losses if the market moves against you. Overall, trading is intuitive and newbie-friendly.
Altcoin PRO Wealth charges fees for trades as well as deposits and withdrawals. Here is a breakdown of their fee structure:
Taker fee: 0.25%
Maker fee: 0.15%
The taker fee applies when you fill (take) an order instantly. The maker fee applies when you place an order which goes on the order book.
Bank wire deposits incur a fee of 15 EUR.
There are no fees for cryptocurrency deposits.
Crypto withdrawal fees depend on the blockchain network but average around 0.0005 BTC for Bitcoin.
Fiat currency withdrawals cost an additional 15 EUR processing fee plus any bank charges.
Overall, Altcoin PRO’s trading fees are competitive with other top exchanges. The deposit/withdrawal methods are somewhat limited compared to some rivals.
Altcoin PRO Wealth Mobile App
In addition to the web platform, Altcoin PRO Wealth offers iOS and Android mobile apps. The app provides access to all the core exchange features:
- Wallet management
- Deposits and withdrawals
- Live order books and price charts
- Opening/closing trades
- Push notifications for price alerts
The mobile experience is well-designed and intuitive. Having your account accessible on-the-go makes it easy to take quick advantage of market moves at any time.
The Altcoin PRO Wealth app has a 4.2 rating on the Google Play Store and 4.6 on the App Store, showing generally positive customer feedback.
Customer Support Options
Altcoin PRO Wealth aims to provide quality customer service through the following channels:
- Email support – Support tickets can be submitted via email. Response time is typically 12-24 hours.
- Live chat – Available during business hours. Provides quick answers to common questions.
- Phone support – For urgent inquiries, users can call the exchange’s support line. However, phone support has limited hours.
- FAQ knowledgebase – Altcoin PRO maintains an extensive knowledgebase of frequently asked questions and tutorials.
- Social media – The exchange is responsive to inquiries over Facebook and Twitter DMs.
So far, customer feedback regarding Altcoin PRO’s support has been positive. Queries are handled promptly by knowledgeable agents.
Is Altcoin PRO Wealth a Scam?
Given the frequent scam exchanges popping up in the crypto world, it’s reasonable for investors to question if Altcoin PRO is legitimate.
Based on all available information, there is no evidence to suggest Altcoin PRO Wealth is a scam. Consider the following:
- The exchange is transparent about its operations, founders, and contact details.
- Altcoin PRO is registered as a business in Estonia and complies with AML/KYC laws.
- User funds are kept secure via cold storage and other precautions. There have been no cases of stolen funds.
- Withdrawals are processed quickly when requested.
- Altcoin PRO has been operating since 2018 with no major complaints.
While there are always risks dealing with crypto exchanges, Altcoin PRO Wealth exhibits no red flags that are hallmarks of a scam operation. They appear to be running a fully legitimate business.
Altcoin PRO Wealth – Conclusion
Overall, Altcoin PRO Wealth is a solid option for those looking for a simple and secure platform to trade cryptocurrencies. The exchange offers an easy-to-use interface, competitive fees, and adequate payment methods for most traders.
Altcoin PRO still has room for improvement when it comes to advanced trading options, altcoin variety, and payment methods. However, for the majority of casual crypto investors, the exchange provides everything needed to buy and sell coins.
Given the exchange’s good security practices and transparent operations, there is little risk of Altcoin PRO being an outright scam. While exercising reasonable precautions when dealing with any exchange, users can feel confident in the service provided.
Is Altcoin PRO Wealth beginner friendly?
Yes, the exchange has an intuitive interface and simple order types designed for crypto trading newcomers.
What countries does Altcoin PRO Wealth operate in?
Altcoin PRO Wealth services most countries worldwide, with the exception of the United States, Canada, and Japan.
Does Altcoin PRO Wealth have an iOS/Android app?
Yes, Altcoin PRO Wealth offers iOS and Android mobile apps with full account access and trading capabilities.
What are Altcoin PRO’s trading fees?
Trading fees are 0.25% for takers and 0.15% for makers. There are no commissions.
How long does verification take?
Manual verification of submitted ID documents usually takes 1-2 business days.
Can I short or leverage trade on Altcoin PRO Wealth?
No, Altcoin PRO Wealth does not currently support margin trading or derivatives products like futures contracts.
What payment methods are available?
The only deposit method currently available is bank wire transfer. Withdrawals can be made via wire or cryptocurrency networks.
Is Altcoin PRO Wealth insured?
No, like most exchanges Altcoin PRO Wealth is not insured against loss of customer funds due to hacking or theft. They rely on internal security measures to protect accounts.