24H Volume

Coming soon!

AlfaCashier

3.5 from 4 votes
Belize

Fees

Taker fee

2%

Maker fee

2%

Withdrawal fee

0

Funding methods

Wire transfer

Credit card

Other crypto

US investors permitted


AlfaCashier Review

A trading cryptocurrency guide must of course provide reviews of all of the top crypto exchanges out there, so that you can find the best cryptocurrency exchange site for you. This review of AlfaCashier consists of four parts: general information, fees, deposit methods and security.

General Information

AlfaCashier is an exchange based in Belize. In our categorization, “exchange” is the word that most properly describes AlfaCashier. However, they prefer to be described as a “service where you instantly convert one type of assets to another”. This means that you can’t for instance give a your own ask price or bid price for a certain transaction.

The exchange does not explicitly prohibit US-investors from trading on its exchange. In any event, all US-investors should still perform their own analysis of whether their home state imposes any legal obstacles to them trading at any of the top crypto exchanges that could be the best cryptocurrency exchange site for them.

AlfaCashier Fees

AlfaCashier Trading fees

The fees at any exchange are very important to consider.

AlfaCashier offers a flat trading fee of 2.00%. Accordingly, this exchange does not care about whether you are a taker or a maker. For investors who prefer to pick-up existing orders from the order book, this might be an attractive trading fee model.

AlfaCashier’s trading fees of 2.00% flat are far above the industry average which is around 0.25%. One should strongly consider whether this exchange has a strong offering to investors in other respects that outweighs the disadvantage of this substantially higher trading fee.

It should be noted here though that many exchanges (including AlfaCashier) have trading fees that are reduced as volumes are increased or new trading levels are reached, meaning that you are incentivized to trade in higher volumes. The fees listed in this review and in the comparison table are excluding any such volume discounts. The discounts at AlfaCashier are as set out in this picture:

AlfaCashier Discount Levels

AlfaCashier Withdrawal fees

AlfaCashier claims to not charge any withdrawal fees at all for withdrawing BTC. This is a very strong competitive edge in the market if true and really distinguishes AlfaCashier from most other top crypto exchanges.

Deposit Methods

This trading platform offers wire transfer as a deposit method, but credit cards are not a permitted deposit method. This might of course be disadvantageous if you would prefer to use your credit card for any reason. However, as the trading platform accepts deposit of fiat currencies at all, it distinguishes itself from many exchanges that only allows deposits in cryptocurrencies.

AlfaCashier Security

One might also ask why security is even a feature that we at Cryptowisser have looked for at the different top crypto exchanges. The answer is two-fold:

  • Exchanges store a massive amount of valuable personally identifiable information. From names to addresses, to government identification details, taxpayer identification number and a lot more; and
  • Exchanges handle a lot of cash or coin deposits and withdrawals.

AlfaCashier has a security score of C, when performing the test at Observatory by Mozilla (https://observatory.mozilla.org/). This is in line with the industry average when it comes to top crypto exchanges.

***

The exchange reviewed above is what we call an “entry-level exchange”. This means that this exchange also makes it possible for someone to enter the cryptocurrency market with fiat currency. There are numerous entry-level exchanges out there, including (but not limited to):

  1. Changelly
  2. Crex24
  3. Cryptopia
  4. Bitsane
  5. Paxful
  6. GetBTC
  7. Bittylicious
  8. Coinmate
  9. Bitquick
  10. Coinbase
AlfaCashier compared with other cryptocurrency exchanges