Allcoin Overview
Allcoin launched in 2016, trying to blend crypto and fiat by pairing CAD directly with Bitcoin, Ethereum, and a few altcoins. Linked to Canadian firm Cascadia Consumer Electronics, it even supported direct CAD deposits - a rarity then.
In its prime, Allcoin gained traction by quickly listing new ICO tokens, giving Canadians a local gateway into speculative crypto before big platforms caught on.
Key features (back then)
- Fiat + crypto: Combined CAD with BTC, ETH, and select altcoins for easier first-time buys.
- ICO focus: Listed fresh tokens right after generation events, riding early hype.
- Low fees: Trades generally under 0.20%, with modest withdrawal charges on major coins.
Where it went wrong
- No strong regulation: Pointed to a Canadian parent but had no serious licensing, unsettling users.
- Liquidity collapse: As competitors improved, Allcoin’s volumes dried up, leaving dead books.
- ICO bust: When that bubble burst in 2018, demand for new listings cratered.
- Support problems: Slow withdrawals and growing complaints finally pushed traders out.
By the time the dust settled, its daily volume had evaporated. Today, most trackers show Allcoin as inactive or defunct.
Who should use it now?
Honestly? No one. In 2025, Allcoin is a footnote - a crypto history lesson. With no live trading, oversight, or real activity, there’s no reason to risk funds here. If you care about spreads, liquidity, or fund safety, far better venues exist with clear audits, licenses, and user activity.
The lesson from Allcoin
- Always check daily trading volume and real order books.
- Look for clear ownership, regulation, and who actually controls the platform.
- Scan new reviews and social feeds. Silence often means dead operations.
- Make sure there’s responsive support and published security practices.
FAQ
- Is Allcoin still operating? Not practically. The site loads, but there’s no volume and books are empty.
- Was it regulated? No. It pointed to a Canadian firm but lacked any serious financial licenses.
- Can you trade or withdraw? Extremely risky. With no liquidity or oversight, it’s best avoided entirely.
- What’s better? Exchanges that show daily volume, have published licenses, and maintain security audits.