AllforCrypto: A New Digital Future

Navdeep Garg
AllforCrypto

Introduction

AllforCrypto is a Cryptocurrency marketplace where you can buy and sell items for Cryptocurrency. Allforcrypto provides a blockchain-friendly platform for the sale of goods and services with its utility token for funding operations. The platform brings Blockchain-based solutions to the issues that arise in P2P buying and selling goods and services online. 

The purpose of AllforCrypto is to use cryptocurrency for its transactional efficiencies to build the best platform to sell items on. AllforCrypto is designed to be a marketplace that empowers sellers. It gives sellers a safe environment for buyers to have a smooth checkout. 

Unlike sites like eBay or Amazon, there’s now fraud and chargebacks. The platform does not mandate sellers to label every product thus saving money on packaging and needless returns due to labels going missing. Because the trade is p2p (peer to peer), it’s happening directly between buyers and sellers with no middleman to take a cut from each sale. It’s completely free e-commerce.

Buying goods and services with Cryptocurrencies takes place online and does not require disclosure of identities. One of the biggest benefits of Cryptocurrencies is that they do not involve financial institution intermediaries. For merchants, the lack of a “middleman” lowers transaction costs. For consumers, there’s a tremendous advantage if the financial system is hacked or if the user does not trust the traditional system. For comparison’s sake, if a bank’s database is hacked or damaged, the bank would be reliant on its backups to restore any missing information. With Cryptocurrencies, even if a portion is compromised, the remaining portions would continue to be able to confirm transactions.

Allforcrypto аllоwѕ users tо buу аnd ѕеll items for bitcoin and аltсоinѕ, perfect mоnеу, аnd wеbmоnеу. Their vеrу оwn escrow service аnd the indереndеnt coin payments escrow, whiсh uѕеrѕ саn uѕе аlѕо if thеу wish, assures the security of payments and merchandise or service quality.

The unique escrow system protects both buyers and sellers from scammers. In this e-commerce marketplace, buyers and sellers can choose to agree to a mutually trusted third party user before they start a trade, and then the buyer sends their Cryptocurrency to an escrow account. Those cryptocurrencies can only be released when two out of the three parties agree where they will be sent. Normally the buyer and seller are the two parties in agreement, but if there is a dispute the third party will come settle the dispute. These third parties offering dispute resolution are selected in an open marketplace.  

As Allfоrсrурtо iѕ mainly a сrурtосurrеnсу mаrkеtрlасе, it makes use of the available protections that these systems of payment afford. Payments in bitcoin, litecoin or any other altcoin are safe from fraud thanks to the blockchain ledger. Wе does not accept аnу оthеr forms of payments ѕuсh аѕ bаnk transfers and credit саrdѕ due tо thе сhаnсе of fraud bу thе рurсhаѕеr. In this wау, the seller is juѕt as рrоtесtеd аѕ thе buуеr which iѕ not thе case on sites such аѕ еBау and Amazon. 

How Does Allforcrypto Work?

  • Buyers and sellers register on the site.
  • Sellers upload actual pictures and descriptions for the items they wish to sell. 
  • Buyers purchase an item and the funds are held in the secure escrow system for 30 days or until the buyer receives the item and confirms it’s what was described. 
  • AllforCrypto will also have its items for sale with special discounted pricing which can only be purchased with AFCT tokens.

AllforCrypto will provide a stable infrastructure where its token price can’t be manipulated. It will inhibit substantial investors selling high volumes of crypto to prevent the token price from being affected.  

Frequently Asked Questions

If you invest some Ethereum into your wallet, you can earn money from DeFi. Use some ETH to pay for the gas fees for using the network. You can invest ETH in the best DeFi lending platform to earn more ROI. You can withdraw your interest income anytime by using your private key.

It is the former individual (sender) who signs off ownership of the coins to the receiver’s wallet address when sending a crypto asset. To spend these coins, the receiver must have a private key that matches the recipient’s public address.

A white label wallet requires less development time and cost than a custom wallet because it does not require as many features.

A DeFi wallet serves the main purpose of cryptocurrency: to create a transparent financial ecosystem that is accessible to everyone.

In a DeFi crypto wallet, the user has complete control over their private keys and funds. This is at the core of the concept, “Be Your Own Bank”.

Navdeep Garg
Article written by

Navdeep Garg

I'm founder and CEO of Revinfotech Inc. I traits in leadership and brilliant practitioner in the Financial Services and FinTech. I helped ban in connecting to the FinTech ecosystem through payment acceptance in blockchain as a service and even help i... read more

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