AMA RECAP WITH ALFACASH

auto sultan
7 min readJan 30, 2021

On 29 January 2021, Alfacash conducted an AMA in the autosultan Community. If you missed the AMA in person, read this recap for a deeper insight into Alfacash .Let’s take a look at the most interesting points of our conversation.

First Session : introduction

Q1 : Can you briefly introduce yourself and your background, also introduce the Team working on AlfaCash ?

@chriscyber
Hi my name is Chris and I’m the CMO for Alfacash :kissing_closed_eyes:
https://www.alfa.cash/
I’ve been working in the crypto space since 2016 — on ICO projects like Raiden and wallets like imToken. I recently joined Alfacash, to grow our community and further crypto adoption. Follow us at https://twitter.com/alfacash_crypto to get exclusive deals on our exchange!
Our team of 15 people is decentralized all over the world :)
And we love to welcome new people, especially from Indonesia :grin:

Q2. What is Alfacash? Can you tell us about the safety side of Alfacash?

@chriscyber
Alfacash is a non-custodial crypto exchange that has been running since 2012. Non-custodial means that you always have full control over your funds!
https://www.alfa.cash/
https://twitter.com/alfacash_crypto
This year, we started to grow our services and want to establish a community with our deep crypto experience at @AlfacashCommunity. We also set up alfacoins.com — a service for merchants to accept crypto, which will help us to push mainstream adoption for cryptocurrencies.
Alfacash is an exchange much like Changelly which can provide simple solutions to complex problems, such as how to buy cryptocurrency for new people in the space. We are able to accomplish this by providing a very simple and clean UX that every user will find easy to use. We also provide a way to buy cryptocurrencies with credit and debit cards, as well as swap crypto for crypto with over 30 options.
Our affiliate program helps introduce new users to the platform by providing them with a way to invite their friends and earn up to 20% interest for every new user on their trades. Sign up now — https://www.alfa.cash/affiliate-program , refer your friends and earn free crypto!
>> https://twitter.com/alfacash_crypto

Q3. What is the plan from Alfacash to be able to compete with other market competitors such as Binance which are far superior? What are the highlights of Alfacash?

@chriscyber
Alfa.cash is constantly evolving and updating our systems so that we have the most robust and easy to use platform in the market. We are also constantly applying for and staying in tune with regulatory compliances so that we have a strong legal-first approach.
Our customer base is very important to us so we ensure we listen to our users, therefore we take suggestions on improving our platform very seriously and listen to all feedback we receive to achieve this goal. You can learn all about us and our plans here — https://www.youtube.com/watch?v=-P7herKIsVY

Q4. Trade volume is very influential for the success of the market, what is your strategy to increase trading volume?

@chriscyber
Our volume goals align with our company goals which is education and ease of use. We plan to continuously update the website making it simpler and simpler to use for the new cryptocurrency users, as well as continue to create a safe and secure exchange platform for everyone.
We believe by educating users through our blogs and videos that we can introduce more and more users to the platform and increase everything from volume to daily active users.

www.alfa.cash

Alfacash — Buy, Sell & Exchange Bitcoin, Litecoin, Ethereum, XRP, EOS, Tether an…

Alfacash is an instant cryptocurrency exchange. Buy, sell and swap BTC, ETH, XRP, USDT, XMR and 30+ other cryptocurrencies, no account needed!

Second segmen : question from twiter

@RahulJayaraj9
For traders does there is any minimum and maximum amount of token is fixed for trading?Also how manageable and attractive is the gas fees and transaction speed on Alfacash exchange for traders?

@chriscyber
We are currently working on enabling trading without limits.
Trading on Alfacash is faster than on a CEX like Binance and faster than on a DEX like Uniswap. Because you don’t need to sign up to trade. You only need to choose your trading pair and send one transaction.
This makes trading on https://www.alfa.cash/ much cheaper than a DEX like Uniswap. Especially for ERC20 tokens.

@ASyahteguh
How do I buy #Cryptocurrency with a credit card (#VISA / #Mastercard) on #Alfacash? And why did you choose
@SimplexCC
as your partner to provide a safe and easy method for us to buy cryptocurrency with a credit card?

@chriscyber
Through our partnership with Simplex, Alfa.cash currently offers support to purchase cryptocurrency via credit or debit card (Visa and Mastercard) in a very easy to use manner. See https://www.alfa.cash/buy-crypto-with-credit-card
Simplex currently is the best solution, but there are still some fees. So we recently acquired a European crypto license, to build our own service. This will allow us to provide fiat > crypto exchange much cheaper than Simplex.
Follow our Twitter to follow our updates on this https://twitter.com/alfacash_crypto
We have big plans for this year!!

@Cebihuseyin61
As a buy and sell cryptocurrency exchange/ blockchain. What security measures being implemented for the protection of assets or funds for Alfacash Users? How can we assure that our funds in your platform is in safe and sound status?

@chriscyber
alt season soon
Alfacash is a non-custodial crypto exchange, which means that you always have full control over your funds. All you have to do is choose a trading pair and send one transaction. That’s all. It’s easy, quick, and secure.
We also collaborate with security partners to make sure that everything works smoothly.

@MesutGunerri
Is there any Referral system offered by Alfacash Exchange where we can Invite our Friends & get Trading fees discount or referral bonus,etc?

@chriscyber
Alfa.cash does offer a very rewarding referral system. Our users can earn up to 20% commission on each trade, from any friend they invite. To find out more and sign up please do so here — https://www.alfa.cash/affiliate-program

@Pradana37433809
Alfacash is now partnered with Simlplexcc. What benefits can we expect from this partnership? Also what different methods does Alfacash offer users to buy / sell their cryptocurrency?

@chriscyber
Simplex is quick and easy. Both for you, the users, and for us. That is why we chose it.
However, to make this fiat > crypto exchange process cheaper and faster, we will build our own Simplex competitor this year.
Follow our developments here https://twitter.com/alfacash_crypto

www.alfa.cash

Alfacash — Buy, Sell & Exchange Bitcoin, Litecoin, Ethereum, XRP, EOS, Tether an…

Alfacash is an instant cryptocurrency exchange. Buy, sell and swap BTC, ETH, XRP, USDT, XMR and 30+ other cryptocurrencies, no account needed!

Third session: Live Questions

@FaganastaOneSevent07
how can the ALFACASH project avoid losses, robbery and fraud? And what is the security of the ALFACASH currency wallet?

@chriscyber
Alfacash is non-custodial. Which means that our users always keep full control of their funds

@kripto_mangunkusumo
What are the requirements for using Alfacoins services? Is KYC required to use this service?

@chriscyber
No KYC

@feranno
Alpha cash is a creative link between cryptocurrencies and the real world. So, can users also sell crypto and buy Fiat?

@chriscyber
Yes, you can buy crypto with fiat money at https://www.alfa.cash/buy-crypto-with-credit-card

@Corrie_Dorf
As we know, for a Decentralized Exchange, Liquidity issue is become difficult matter compared to centralized ones.
How does AlfaCash with its Innovation and technology can solve this problem and create the liquidity for DEXes which is different from Centralized Exchange?

I’m curious, what was the main motivation that made you decide to build AlfaCash project ?
But please Mr @chriscyber
don’t tell me if it’s just for the sake of MONEY! Coz money is an classic answer :grin:

@chriscyber
Liquidity is most important!

We aggregate liquidity from different exchanges, to ensure to always have the best prices for all trading pairs. We believe this is the future of finance. Since everything is becoming more open and interoperable, it gets easier to plug multiple exchanges into one website

Our motivation is to build this future of Open Finance // Decentralized Finance. To us it seems obvious right now. But there are billions of people who never used crypto. So we are building Alfacash, to make it easy for them to enter crypto and use the Open Financial System

@Wayang07
I think one of the problems with blockchain platforms to reach mass adoption is the number of regular users. What’s your plan to attract users to ALFACASH

@chriscyber
We are working with the community, to constantly get feedback. So we can always improve our product for our users. You can join our chat @AlfacashCommunity

@TikTik1111
Most of users are still not aware with Blockchain & its related projects So,How platform create awareness about their project with NON-CRYPTO users too?

@chriscyber
Education is really important. So we make sure to educate new users in our blog and social media channels https://twitter.com/alfacash_crypto

@sentung5
Do you have any plan to global expantion?

@chriscyber
Hi Sentung!! Yes, we want to expand globally. For example translate our website in Indonesian and accept more fiat payment providers

For More Detail Information :

https://t.me/AlfacashCommunity — Telegram
https://twitter.com/alfacash_crypto?lang=en-gb — Twitter
https://www.alfa.cash — Website

--

--