Cryptocurrency adoption is advancing, especially now, in early 2021. Growing crypto prices are bringing new users to the industry, and it is more important than ever to make the crypto industry user-friendly. Gone are the days when only hackers and tech geeks used digital coins. These days, the industry needs to be accessible and easy to understand and use even to those who are not tech-savvy.
A lot of it has already changed in this direction over the years. Merchants around the world are accepting digital coins, and thanks to partnerships with Visa and Mastercard, many firms are now able to offer crypto debit cards that can be used pretty much everywhere.
There are fewer and fewer challenges to tackle, but there are still some things that could be improved upon and made simpler, such as buying and selling cryptos. This is what Alfacash Store aims to achieve.
About Alfacash Store: What is It and What is It Trying to do?
Alfacash Store is a crypto trading platform — a relatively new platform that offers a simple way to buy digital currencies. It is a non-custodial platform, which helps reduce the risk of losing money to various unfortunate circumstances, such as hacking attacks.
ID verification on the platform is very quick because they have a KYC widget, created in partnership with AML compliance and anti-fraud leading provider, Sum & Substance (Sumsub).
After all, if the exchange doesn’t hold any of your money, then no one can use it to steal it from you. The platform itself is highly secure, regulatory-compliant, and licensed.
The platform’s goal is to make buying cryptocurrency easier than ever, and something that everyone can do. The best way to achieve this is through a clean and simple user interface, as well as by making the majority of the processes fully automated. As a result, users themselves are able to do everything without the need for any previous experience, knowledge, or education about using similar platforms.
Of course, informing themselves about what cryptos are, how do they work, and what risks they carry is a must, but when it comes to buying the coins — Alfacash Store wants to make the process so simple that anyone can do it, even if they never had any past contact with digital coins.
How Does it Work?
Buying cryptos from Alfacash Store is an automatic process that only requires a few short steps. To start, users need to go to its platform and register an account. The process of registering is the same as anywhere else, so if you ever created an account somewhere, you likely won’t have any problems with this step.
Next, users are obligated to verify their identities before trading or doing anything on the platform. This is necessary, as Alfacash Store is a licensed platform that must comply with current regulations, and regulators around the world demand that platforms’ users reveal who they are, for their own protection, as well as for fighting against problems like terrorism financing and money laundering.
There are a few steps to verifying your identity, and Alfacash Store will tell you exactly what kind of documentation and information it wants you to deliver.
After that, all you need to do is link your preferred payment method and you will be able to buy, sell, or exchange cryptocurrency.
The company allows users to use EUR or another cryptocurrency to purchase some other crypto. Alternatively, users can also sell their coins in exchange for EUR, which they can then withdraw to their card or bank account. There are 27 supported cryptocurrencies at the moment, plus EUR, as the only supported fiat currency. This is due to the fact that the platform is focusing on the EU region, aiming to onboard its citizens and prepare them for the upcoming age of digital money.
Benefits of Using Alfacash Store
Apart from simplicity and speedy purchases, Alfacash Store also provides users with a lot of other benefits. It has a very transparent fee structure, with some of the best rates in the region. It can verify your identity very quickly, and allow you to start trading in a matter of minutes.
Security is, of course, as high as it could possibly get, and the company has 24/7 customer support that consists of professionals that can help you solve any problem. The company also trades using its own reserves, which is yet another move that helps with not putting its users in danger.
In the end, this is one of the most advanced and user-friendliest platforms in the industry right now, with a lot more features and benefits in the works. The company plans to launch its own Visa card at some point in 2021, it is developing its ecosystem with plans to launch a wallet service, and it has all kinds of discounts, promotions, and special programs that make it more than worth using.
