Alfacoins was founded in 2013 as a payment processor and crypto payment gateway for merchants who aim to accept cryptocurrencies.

Offering

It offers a modern and multifunctional payment system for cryptocurrencies enabling merchants worldwide to accept and send cryptocurrency payments in a faster way.

They provide a digitally secured wallet for digital assets so users can exchange, store, and withdraw digital assets and securely store their private keys for these purposes.

Key features include simple integration with API, payment button, or shopping cart plugin, very low fee (0.99%), no volatility risks (the exchange rate is fixed for 15 minutes after the invoice has been created), automatically transfer to users’ wallets without additional fees, fast and comfortable worldwide payments and easy deposits and withdrawals with six cryptocurrencies: Bitcoin, Bitcoin Cash, Litecoin, Ethereum, Dash, and XRP, Security with cold storage and 2FA.

People

CEO: Nikita Soshnikov (Linkedin)

Regulation

It is worth noting that Alfacoins operates without specific regulatory oversight, which raises concerns about the level of compliance and consumer protection measures in place.

Related Payment Provider

Sheepy (PR42)

Conclusion

We found Alfacoins as a payment processor for unauthorized broker schemes. Hence, we include the payment processor in our “ORANGE Compliance” list.