US investors permitted
AlfaCashier – Detailed 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.
AlfaCashier is an exchange based in Belize.
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.
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.
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.
AlfaCashier 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 AlfaCashier accepts deposit of fiat currencies at all, it distinguishes itself from many exchanges that only allows deposits in cryptocurrencies.
One might 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 of course 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.
If you have concluded that this is the exchange for you, congratulations! Go for it. But if not, please use our Exchange Finder here to find out which exchange has the best cryptocurrency exchange site for you.