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What is Alchemy Pay?

Alchemy Pay (ACH) is a cryptocurrency and payment solutions provider that bridges the fiat and crypto economies. It offers a hybrid payment system, allowing merchants and consumers to seamlessly accept and convert between fiat and cryptocurrencies. The ACH token incentivizes the ecosystem, facilitates system access, and governs the network. Alchemy Pay is integrated with various payment platforms, including Shopify, QFPay, and Binance, and supports multiple fiat options like credit cards, Alipay, and WeChat Pay.

How is Alchemy Pay used?

Alchemy Pay (ACH) is a hybrid crypto-fiat payment gateway that combines a smart contract programmable cryptocurrency, online and offline payment terminals, and advanced DeFi features. It allows merchants to accept digital assets in a low-cost and secure manner. Here's how it works:

  1. Merchant Adoption: Merchants can access the Alchemy Pay Dapp to utilize any smart device and save on startup costs. The Dapp features an intuitive interface that puts all the features at their fingertips.

  2. Offline Terminal: There is an offline terminal that enables merchants to take crypto payments even when their internet connection is down. This piece of hardware is exclusive to the network.

  3. ACH Tokens: Users need to hold ACH tokens to interact with the system. These tokens can be staked, traded, used for currency, pledged, rewarded, and used to pay fees. They are ERC-20 compatible and live on the Ethereum blockchain.

  1. Staking: Users can stake their ACH tokens to secure rewards. Staking is a low-risk feature that delivers consistent rewards in ACH tokens.

  2. Payment Process: When a customer pays using Alchemy Pay, the system converts the cryptocurrency into fiat currency at the point of sale, eliminating volatility concerns for merchants. This process takes seconds, and the vendor receives fiat currency.

  3. Global Reach: Alchemy Pay supports fiat-crypto purchases from 173 countries, using methods such as Visa, Mastercard, regional mobile wallets, and domestic transfers. It is available in over 70 countries and can convert crypto into over 300 fiat channels at the point of sale.

Overall, Alchemy Pay simplifies the acceptance of digital assets for merchants, provides low processing fees, and enables traditional investment firms to offer crypto investment services to their clients.

How do I store Alchemy Pay?

To store Alchemy Pay (ACH) tokens, you have several options:

  1. KuCoin Account: You can store your ACH tokens in your KuCoin account, which provides quick access to trading products like spot and futures trading, staking, and lending. KuCoin serves as the custodian, so you don't need to manage your private keys. Ensure you set up a strong password and upgrade your security settings to prevent unauthorized access.

  2. Non-Custodial Wallets: For enhanced security, you can withdraw your ACH tokens to a non-custodial wallet, giving you complete control over your private keys. This includes hardware wallets, Web3 wallets, or paper wallets. Be sure to store your private keys securely to avoid losing your tokens.

  3. Binance Staking: If you hold ACH tokens on Binance, you can stake them to earn passive income. Simply log in to your Binance account, navigate to the Earn section, and select Staking.

  1. Ledger Wallet: As ACH is an ERC-20 token, you can store it on a Ledger wallet using your ETH address.

These options cater to different needs and preferences, ensuring you can manage your ACH tokens securely and conveniently.

How to buy Alchemy Pay?

To buy Alchemy Pay (ACH) tokens, you can follow these steps on various platforms:

Coinbase
  1. Create a Coinbase account: Download the Coinbase app and sign up with a valid ID and proof of address.
  2. Add a payment method: Connect a bank account, debit card, or initiate a wire transfer.
  3. Start a trade: Select "Buy & Sell" on the website or tap the (+) Buy on the Home tab in the app.
  4. Select Alchemy Pay: Search for Alchemy Pay and select it from the list of assets.
  5. Enter the amount: Input the amount you want to spend in your local currency, and the app will convert it to ACH.
  6. Finalize the purchase: Preview the details and confirm your purchase.
KuCoin
  1. Create a KuCoin account: Sign up with your email address, mobile phone number, and country of residence.
  2. Secure your account: Set up Google 2FA, anti-phishing code, and trading password.
  3. Verify your account: Enter personal information and upload a valid Photo ID.
  4. Add a payment method: Add a credit/debit card or bank account.
  5. Buy Alchemy Pay: Use a variety of payment options to buy ACH on KuCoin.
Kriptomat
  1. Create and verify your account: Sign up with Google, Apple, or enter your name and email, then verify your email, phone number, and identity.
  2. Add funds: Make a bank deposit or use your credit card.
  3. Buy Alchemy Pay: Click on the Kriptomat icon, select "Buy," choose Alchemy Pay, enter the amount, and confirm your purchase.
Pionex
  1. Create a Pionex account: Register on the website or download the app.
  2. Pass KYC verification: Complete the Know-Your-Customer process.
  3. Choose your payment method: Select from credit card, debit card, bank wire, or ACH transfer.
  4. Buy Alchemy Pay: Use your chosen method to purchase ACH.

These platforms provide different options to buy Alchemy Pay tokens securely and easily.

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