ALFACASHIER Exchange Review

/ALFACASHIER Exchange Review

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ALFACASHIER Exchange Review 2018-05-04T09:23:05+00:00
ALFACASHIER Exchange Review

ALFACASHIER Review

Quick inner navigation:

  1. What is ALFACASHIER?
  2. Available cryptocurrencies
  3. ALFACASHIER Verification
  4. ALFACASHIER Fees
  5. Is ALFACASHIER safe?
  6. Customer support
  7. How to use ALFACASHIER?

What is ALFACASHIER?

ALFACASHIERis a peer to peer exchange that aims at providing good services to customers using innovative ways. ALFACASHIER supports more than 140 countries in the world. ALFACASHIER offers a variety of exchange options using automation, therefore, an operator experiences less interference. Let’s put into details what is this exchange all about in this article as an ALFACAHIER review, but first, let’s review the history of this exchange. It was founded in 2012 and it is located at Alfa East Ltd, which is located in Belize. It first operated as an electronic currency exchange. Later on, after one year, ALFACASHIER started offering Bitcoins and other cryptocurrencies including Ethereum, Litecoin, Monero, and Dash. It developed an Auto Exchange function that was aimed at providing exchanges that were automatic. ALFACASHIER also came up with a referral program, which enabled customers to earn commission for each exchange that they made. Amazing right? Now let’s get into details!

Buying and selling on Alfachashier

  • It does not provide any trading on margins, ALFAcashier does not offer any wallets, or fiat currency sub-accounts for clients to store their funds. When purchasing currency, you have to provide an address to which the coins would be sent. Therefore if you want to invest a huge amount of money, it is better you search for hardware wallets. An example of a hardware wallet is Trezor.
  • To buy Bitcoin, you must give the address where the coins are to be sent and ALFACASHIER does not also offer a platform for trading. Therefore, the entry placement that is displayed on the screens gives many details on the transaction to be made next, same case to Coinbase.

Buying payment methods

  • It allows a variety of currencies and payment methods which include:
  1. USD:  Perfect Money, OKPAY, AstroPay and MoneyPolo
  2. CNY:  ChinaUnionPay
  3. CAD:  Flexepin
  4. EUR:  Online Bank Transfer, MoneyPolo, SWIFT/SEPA Transfer;
  5. RUB: Thinkoff, Sber Bank, OpenBank and the currently unavailable: Yandex Money,  Avangard, VTB24, Alfa Bank, Avangard and any Thailand or Russian bank

Selling payment methods

  1. RUB: Yandex, VTB24
  2. EUR:  MoneyPolo, SWIFT/SEPA Transfer
  3. CNY:  ChinaUnionPay
  4. USD:  Perfect Money, OKPAY, MoneyPolo, Visa/Mastercard

Available cryptocurrencies

  • It offers a variety of cryptocurrencies including Bitcoin, Ethereum, Litecoin, Monero, Dash, Ripple, NEM, Zcash, Etherum classic, Bitcoin Cash, EOS, TRON, and OmiseGo.

ALFACASHIER Verification

  • ALFACASHIER does not require much verification compared to other exchanges, Registration and verification are not needed in the most exchange directions.
  • The following are the requirements to open an account; a username, your first name, surname, the email address which must be valid, account type of your choice and your nationality, to show which country you are from.
  • The company then confirms your details, which they then send you an email to your address to show approval. The email requires you to click on a link and then log in with a password.
  • After completing this process, then there you get your account approved and ready for use!

ALFACASHIER Fees

  • The ALFACASHIER fee structure is not as simple as others. The following is a simplified table of the different currencies and their rates.
Send/Receive BTC ETH XRP LTC DASH XMR XEM ZEC ETC USD CNY THB USD EUR RUB USD EUR RUB
BTC 1.5% 1.5% 1.5% 1.5% 1.5% 2% 2% 2% 1.5% 1% 0% 2% 2% 4% 3% 2% 4%
ETH 1.5% 1.5% 1.5% 1.5% 1.5% 2% 2% 2% 1.5% 1% 0% 2% 2% 4% 3% 2% 4%
XRP 1.5% 1.5% 1.5% 1.5% 1.5% 2% 2% 2% 1.5% 1% 0% 2% 2

%

4% 3% 2% 4%
LTC 1.5% 1.5% 1.5% 1.5

%

1.5% 2% 2% 2% 1.5% 1% 0% 2% 2% 4% 3% 2% 4%
DASH 1.5% 1.5% 1.5% 1.5% 1.5% 2% 2% 2% 1.5% 1% 0%

 

2% 2% 4% 3% 2% 4%
XMR 1.5% 1.5% 1.5% 1.5% 1.5% 2% 2% 2% 2. %5 1% 0% 2% 2% 4% 3% 2% 4%
BCH1 1.5% 1.5% 1.5% 1.5%

 

1.5% 1.5% 2% 2% 2% 2.5% 1% 0% 3% 3% 4% 3% 2% 4%
XEM 2% 2% 2% 2% 2% 2% 2% 2% 2.5% 1% 0% 3% 3% 4% 3% 2% 4%
ZEC 2% 2% 2% 2% 2% 2% 2% 2% 2.5% 1% 0% 3% 3% 4% 3% 2% 4%
USD 0% 0% 0% 0% 0% 0% 0% 0% 0% 2% 0% 3% 3% 4% 3% 2% 4%
CNY 2% 2% 2% 3% 2% 2% 3% 2% 2% 2% 3% 3%
THB 2% 2% 2. % 3% 2% 2% 2. %5 2% 2% 2% 3% 3%
EUR 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0.5% 3% 4%
USD 2% 2% 2% 2% 2% 2% 2% 2% 2% 2% 3% 3%
CAD 2% 2% 2% 2% 2% 2% 2% 2% 2% 2%
EUR 1% 1% 1% 1% 1% 1% 1% 1% 1% 1%
RUB 7% 7% %7 7% 7% 7% 7% 7% 7% 7% 7% 7% 7%
  • Transfers controlling Russian Rubles are limited to 7%. If you are buying Bitcoin with EUR or USD, the fee is 2% and even zeros charges for other methods as seen in the chart above.

Is ALFACASHIER safe?

Community trust

  • Is ALFACASHIER legit? Yes, because it has stayed for long in the industry and there have been no hacks reported yet.
  • There are no hidden fees and it does not take long to respond to customers and their instant methods take less than 20 minutes.

Security

Can I trust ALFACASHIER? Yes, but- The reason why some people disagree is that it does not have any systems or HTTPS that assures the clients of the safety of their coins. They claim to make very high demands on the safety of transactions by using the latest and greatest technology data protection systems to ensure our customers the greatest possible security.

Costumer support

  • It has a customer service even though there are several complaints that they take longer to respond to clients. This is not new. It happens with almost every customer service in the cryptocurrency field.
  • Their ticket system is also fast- they answer questions immediately.
  • ALFACASHIER support staff working hours are:* from Monday to Friday from 08:00 UTC+3 to 22:00 UTC+3 * Saturday, Sunday from 10:00 UTC+3 to 19:00 UTC+3.
  • Average support answer time: about 30 minutes or more depending on customer problem
  • A regular customer of ALFACASHIER receives 10% discount and it also allows a customer to exchange directly from the website. It is also working towards offering AFLACACHIER loans to its customers.

Handling speed

  • It converts cryptos immediately.
  • Getting a response to a request to auto trade takes 3-4 minutes.

How to use ALFACASHIER?

  • First, you must have an ALFASHARE account.
  • Wait for verification
  • It is only then, you are permitted to buy/sell.
  • To start auto trading follow these steps;
  1. Select the crypto that you want to convert
  2. Come up with a template for payout.
  3. Send the crypto to ALFACASHIER and wait for a response which takes roughly 2 minutes, after you get your response, your trading begins!
  • There are 4 account levels in ALFACASHIER.
  • The more transaction amounts you make, the higher the account level and the more the discount. The account level increases with the increase in your transactions and that when the discount also increases. They have a system that calculates the value of your fee and discount automatically and converts dollars that are not in US dollars to that dollar.

ALFACASHIER Review Summary

  • ALFACASHIER is highly recommendable since its exchanges can be trusted and the fact that it allows so many currencies can be helpful for a beginner. This is because they get to learn how systems with different currencies work even though it could be a bit confusing for in the beginning.
  • The rates are affordable and an added advantage of discounts on top. The more you invest the more you earn even though the crypto to crypto commissions are not very competitive.
  • Nevertheless, people mainly only have one problem with ALFACASHIER. Their security system is below average. Is ALFACASHIER safe? Some strongly say no. They have no standard systems to protect our coins and the lack of seriousness in the registration increases chances of identity theft. This gives me chills as an investor.

Thank you for checking out this article. Make sure to visit our website to learn more about crypto related topics.

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