Aloha Credits
What are Aloha Credits?
Aloha Credits are used exclusively on aloha-bids.com to simplify and secure your bidding experience. Each credit equals exactly $1.00 USDC (a trusted, stable digital currency).
You convert your USDC into AlohaCredits, making bidding straightforward and worry-free.
Why Are Aloha Credits Better?
- No Buyer Fees: Skip the usual 5% buyer fee, potentially saving you thousands on every auction.
- Risk-Free Bidding: Only stake 5% of your bid in credits; fully refunded if you don't win.
- Secure & Easy: Instant setup with no crypto knowledge required; we handle everything seamlessly for you.
- Flexible Payments: Win auctions and pay sellers directly however you prefer (bank transfer, crypto, and more).
How It Works
1
Start with USDC (Crypto Made Simple)
- USDC is a stable digital dollar — always equal to $1.00.
- It's safe, backed by regulated companies, and used by millions.
2
Your Digital Auction Wallet
- When you create an Aloha-bids.com account or place a bid, you will have the option to create a secure crypto wallet that you can use anywhere, not just here.
- No downloads or need to know everything about blockchain — we handle it for you.
3
Onramp: Convert Real Dollars into USDC in your Wallet
- You can buy USDC using your bank account, credit card, or debit card.
- You'll do this using trusted payment partners recommended by aloha-bids.com.
4
Buy AlohaCredits with Your USDC
- You convert USDC 1:1 into AlohaCredits (e.g., $100 USDC = 100 AlohaCredits).
- AlohaCredits can only be used inside the auction site to place bids.
5
How Bidding Works (It's Easy)
- Every time you bid, you only need to stake 5% of your bid in AlohaCredits.
- Example: For a $10,000 bid, you commit just 500 AlohaCredits.
- These credits are temporarily held until the auction ends.
6
Zero Buyer Fees
- Normally, auctions charge 5% buyer fees. You skip this entirely by using AlohaCredits.
- This saves you up to $5000 per purchase.
7
If You Win the Auction
- Your AlohaCredits (5%) are automatically returned to your account.
- You pay 100% of the final price directly to the seller using your preferred method (bank transfer, crypto, etc.).
8
If You Don't Win
- Your AlohaCredits are fully returned to your account.
- No fees. No penalties.