AlterDice is a Singapore-based crypto exchange that was founded in 2018 as a mobile and web trading platform with incredibly low commission fees and multiple order types.
AlterDice 5 key point overview:
- ✔️What is AlterDice exchange?
- ✔️Features of AlterDice exchange
- ✔️Tokenomics
- How to use the AlterDice Exchange
- Why should you use AlterDice exchange?
What is AlterDice exchange?
👉 Despite some platform features still being under development, dozens of major trading pairs are offered and customer reviews and ratings on this exchange are mostly positive.
👉 In addition to being a secure platform, AlterDice offers an IEO (Initial Exchange Offering) launchpad for tokens and several projects have already been successfully funded by the AlterDice community.
👉 AlterDice prioritizes the convenience and usability of its platform and gives traders an opportunity to practice using the exchange with a demo account before making any financial commitments.
Features of AlterDice exchange
👉 Currently, there are dozens of trading pairs but the AlterDice team is focused on adding more coins to the exchange and you can find updates on new listings by navigating to the “news” section of the website.
👉 This platform is secured by DDoS attack protection mechanisms and 98% of customer funds are stored offline.
👉 To further secure user accounts, Two-factor authentication (2FA) is enabled and advanced technology is used to monitor changes in IP addresses during trading sessions so that cyber attacks can be prevented.
👉 IP addresses are also used for withdrawal protection and a highly advanced Linux operating system is used to host the entire AlterDice platform and to safely create backups of all databases on a daily basis.
👉 Only a select few chief administrators are allowed to access cold storage wallets, which are audited regularly, and manual authorization is required to do so.
👉 AlterDice allows the use of advanced charting tools that can be used to visualise orders, positions and price alerts – but these tools are also beginner-friendly!
👉 Trading fees on AlterDice never exceed 0.2% for Makers and Takers and this percentage is below the global average, regardless of trading volumes.
👉 The trading fee is divided into two; the maker’s fees and takers’ fees. Takers are individuals who “take” orders from the order book while on the other hand, Makers are individuals who initially put orders in the order book.
👉 To enable seamless integration with other products and platforms, AlterDice API is designed to facilitate access to all the features available on the AlterDice platform.
👉 API documentation can be found at the bottom of the homepage under the “trading” section.
👉 AlterDice offers a mobile platform for traders on the go and the exchange can be viewed directly from the website without creating an account.
👉 Although AlterDice does not offer savings accounts, an NFT marketplace or DeFi compatibility, many features are still under development and this exchange is revered for its security and efficiency.
Tokenomics
👉 There is currently no native token for the AlterDice exchange, but as the exchange develops over time, there is potential for a token being created, so make sure to follow them on Twitter for updates.
👉 However, it may be worth noting that tokens are generally used by crypto exchanges to give clients discounts on trading fees – but AlterDice already offers competitively low trading fees!
How to use the AlterDice Exchange
👉 To use the AlterDice exchange, you must first create an account and verify your email address.
👉 Once that’s done, you will be able to log in to your account and you can then fund your account and begin trading.
👉 To withdraw funds from your AlterDice account, simply create an account with a third-party wallet, such as Metamask, Trustwallet or Atomic wallet, then copy the wallet address and paste it into the “ address” block on the AlterDice withdrawal page.
👉 You will also be eligible to participate in the referral program once you have created your AlterDice account and you can find your unique referral link and information on your total earnings under the “profile” section on the accounts page.
👉 You should note that there is a 3-stage verification process that requires the submission of identification documents and you can easily manage your security measures directly from the website.
👉 All you need to do is navigate to the “Security” section and enable email authorization and Google authorization.
Why should you use AlterDice exchange?
👉 AlterDice is a crypto exchange in its purest form. Instead of focusing on providing many products, the AlterDice team narrowed their focus on delivering a crypto exchange with industry-grade security, extremely low fees and a to-the-point, user-friendly trading with advanced charting tools and multiple order types.
👉 However, many features are still under development, so we look forward to seeing how AlterDice evolves and what additions will be made to the exchange in the future.
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