Cryptalks.app Review

Based on looking at the website, Cryptalks.app is a social marketplace and app designed for cryptocurrency enthusiasts to connect, share views, and for local businesses to accept crypto payments.

While it aims to create a “safe zone” for blockchain adopters and combat scams, the very nature of cryptocurrency and its speculative markets introduces inherent risks that are not aligned with ethical financial practices encouraged in Islam.

The platform’s emphasis on finding “the next giant ICO” and anticipating price movements suggests a speculative environment rather than a focus on tangible, ethical value exchange.

Due to the high volatility, unregulated nature, and speculative aspects often associated with cryptocurrencies, we cannot recommend platforms that promote such activities.

Overall Review Summary:

• Product Type: Cryptocurrency Social Marketplace & App
• Purpose: Connect crypto enthusiasts, enable crypto payments for businesses, share crypto views.
• Key Features: “I AM WHO I SAY I AM” badge for identity verification, online business shops, “Promo Product” for promotions, social and business groups.
• Pricing: Basic Free, Pro $8.50/month, Business Group $18/month, Social Group Free.
• Availability: Google Play, App Store, Web Version.
• Ethical Stance Islam: Not recommended due to inherent speculative nature of cryptocurrency, potential for Riba interest-like gains from volatility, and lack of tangible value exchange in many crypto transactions.
• Security Claims: Emphasizes user security and combating scammers with identity verification badges.
• Transparency: Claims to be transparent about its agenda.
• Blog Content: Focuses on NFTs, finding new crypto coins, and accepting cryptocurrency.

While Cryptalks.app attempts to build a community and offer some verification, the core activity of dealing in cryptocurrencies, especially those promoted for speculative gains like “the next giant ICO” or predicting price hits, falls into a problematic area from an Islamic financial perspective.

The uncertainty, lack of direct underlying tangible assets for many cryptocurrencies, and the potential for quick, unearned gains or losses are significant concerns.

It’s crucial to understand that Islamic finance emphasizes real economic activity, tangible assets, and the avoidance of excessive speculation, interest riba, and ambiguity gharar. Cryptocurrency, in its current prevalent forms, often struggles to meet these stringent ethical requirements.

Best Alternatives for Ethical Digital Engagement & Business:

When seeking digital platforms for community building, ethical business, or sharing knowledge, it’s vital to choose options that align with principles of transparency, real value, and avoiding speculative or interest-based transactions.

• LinkedIn: A professional networking platform ideal for connecting with peers, sharing industry insights, and finding ethical business opportunities. It’s about tangible skills and professional development.
  • Key Features: Professional profiles, job search, industry news feeds, group discussions, content sharing.
  • Price: Free for basic use. Premium subscriptions offer advanced features e.g., InMail, detailed insights typically ranging from $29.99 to $99.99/month.
  • Pros: Highly professional, strong networking opportunities, diverse industries, focuses on tangible career growth.
  • Cons: Can be overwhelming with notifications, requires active engagement to build network.
• Slack: A robust team collaboration platform excellent for organized communication, project management, and building focused communities around specific interests or professional guilds.
  • Key Features: Channels for topics/projects, direct messaging, file sharing, integrations with other business tools.
  • Price: Free for small teams with limited history. Paid plans Pro, Business+ range from $7.25 to $12.50 per user/month.
  • Pros: Highly organized, reduces email clutter, supports large groups, strong integration capabilities.
  • Cons: Can be distracting if not managed well, learning curve for new users, potential for information overload in busy channels.
• Discord: While known for gaming, Discord has evolved into a powerful platform for building diverse communities around shared interests, including educational and professional groups. It offers structured communication channels.
  • Key Features: Voice and text channels, server customization, roles and permissions, screen sharing, live streaming.
  • Price: Free for basic use. Nitro subscription $9.99/month or $99.99/year offers enhanced features like custom emojis and larger uploads.
  • Pros: Flexible for various community types, excellent voice chat, highly customizable, large user base.
  • Cons: Can be chaotic if not well-moderated, design can be intimidating for some new users.
• Substack: A platform for writers and content creators to publish newsletters and build a direct audience. It focuses on substantive content creation and direct reader engagement.
  • Key Features: Email newsletter publishing, podcast hosting, community features comments, discussions, monetization options for paid subscriptions.
  • Price: Free to publish. Substack takes a 10% cut of paid subscription revenue.
  • Pros: Direct audience connection, easy monetization for creators, focuses on quality content, simple interface.
  • Cons: Requires consistent content creation, discoverability relies on external promotion, limited design customization.
• Patreon: A membership platform that allows creators to build direct relationships with their audience and offer exclusive content or experiences in exchange for recurring support.
  • Key Features: Tiered membership options, direct messaging, content sharing posts, videos, audio, community features.
  • Price: Patreon takes a percentage of creator earnings 5% to 12% depending on plan.
  • Pros: Direct fan support, recurring revenue for creators, builds strong community, supports diverse creative work.
  • Cons: Requires consistent content or value delivery, audience growth can be slow, platform fees.
• Mighty Networks: A comprehensive platform for creators to build their own branded online communities, courses, and memberships. It offers more control and features than typical social media.
  • Key Features: Courses, live events, member directories, private groups, content feeds, mobile apps.
  • Price: Starts from $41/month billed annually for their Community Plan, with higher tiers for more features.
  • Pros: All-in-one solution for community and content, strong branding options, robust features for engagement and monetization.
  • Cons: Higher price point than simpler alternatives, requires more setup and management effort, can be complex for small groups.
• Amazon for Business: For actual online business, Amazon’s various selling programs like Amazon Seller Central offer a robust marketplace for selling tangible, legitimate products. This is for real commerce, not speculative assets.
  • Key Features: Access to a vast customer base, fulfillment options FBA, advertising tools, detailed sales analytics.
  • Price: Various plans Individual, Professional and fees referral fees, fulfillment fees depending on product category and sales volume. Professional plan is $39.99/month plus selling fees.
  • Pros: Massive reach, established trust, efficient logistics, diverse product categories.
  • Cons: High competition, fees can eat into margins, strict policies, requires careful inventory management.

---

Find detailed reviews on Trustpilot, Reddit, and BBB.org, for software products you can also check Producthunt.

IMPORTANT: We have not personally tested this company’s services. This review is based solely on information provided by the company on their website. For independent, verified user experiences, please refer to trusted sources such as Trustpilot, Reddit, and BBB.org.

Cryptalks.app Review & First Look: Navigating the Crypto Social Marketplace

Based on checking the website, Cryptalks.app positions itself as “the world’s first crypto social marketplace,” aiming to be a safe haven for individuals and businesses within the cryptocurrency sphere.

It’s designed to facilitate discussions, share insights, and enable crypto transactions for local businesses.

The platform highlights features like identity verification and promotional tools, suggesting a commitment to user security and business growth within the crypto ecosystem.

However, it’s crucial to delve deeper into what this truly means, especially given the inherent complexities and ethical considerations surrounding cryptocurrency.

Understanding the Crypto Ecosystem

It’s a space where blockchain technology underpins digital assets like Bitcoin and Ethereum.

While the underlying technology has innovative potential for secure, decentralized ledgers, the assets themselves are often subject to extreme price volatility.

This volatility is driven by a mix of technological developments, market sentiment, regulatory news, and often, pure speculation.

For example, Bitcoin, the pioneering cryptocurrency, has seen its price fluctuate wildly, from mere cents to tens of thousands of dollars, showcasing both immense gains and precipitous drops.

According to CoinMarketCap data, the total cryptocurrency market capitalization can swing by billions of dollars in a single day, indicating the high-risk, high-reward nature of this environment.

The “Social Marketplace” Concept

Cryptalks.app combines elements of social media with an e-commerce marketplace. Hostedexperts.com Review

The idea is to create a community where individuals can discuss crypto trends, share their “vision of the cryptocurrency world,” and businesses can promote products and accept crypto payments.

This fusion aims to bridge the gap between social interaction and practical application of cryptocurrencies.

The platform’s emphasis on local businesses accepting crypto is an interesting angle, attempting to bring digital currencies into tangible, everyday transactions.

However, the success and ethical implications of such a model heavily rely on the stability and widespread acceptance of cryptocurrencies, which are still far from mainstream for general commerce.

Cryptalks.app Features: A Closer Inspection

Cryptalks.app offers several features designed to foster a secure and active crypto community.

These features aim to address common concerns within the crypto space, such as scams and lack of trust, while also providing tools for engagement and commerce.

The “I AM WHO I SAY I AM” Badge

This feature is presented as a cornerstone of Cryptalks.app’s security strategy.

By requiring users to confirm their details with the support team via Selfie ID, phone, and email confirmation, the platform attempts to verify user identities.

The goal is to build trust and deter scammers, making it safer for users to interact and conduct transactions.

This is a commendable effort in an industry often plagued by anonymity and fraudulent activities. Hotteesfamily.com Review

• Verification Process: Users submit a selfie with ID, confirm phone number, and verify email.
• Purpose: To reduce anonymity and combat identity-based scams.
• Impact: Aims to create a more trustworthy environment for social interaction and business dealings.

Opening Your Online Business at Cryptalks

The platform allows individuals and businesses to set up online shops to accept cryptocurrencies.

This is a significant feature, aiming to expand the utility of crypto beyond speculative trading into real-world commerce.

Businesses can list products and services and receive payment in various cryptocurrencies, potentially broadening their customer base to crypto holders.

• Options: Users can open shops as individuals or registered businesses.
• Payment Method: Accept various cryptocurrencies.
• Benefit: Enables businesses to tap into the crypto-owning demographic.
• Requirement: Pro or Business Group account is needed to post products/services.

The Promo Product

This unique promotional tool is designed to incentivize sales and user engagement.

A business allocates 20% of a product’s price for a promotional campaign.

When a user shares this “Promo Product” with two friends, each friend receives a 10% discount on the product, and the sharing user receives 10% of the total price as payment.

This creates a multi-tiered incentive structure that encourages word-of-mouth marketing within the platform.

• Mechanism: Business sets aside 20% for promotion.
• Incentives: 10% discount for friends, 10% payment for the sharing user.
• Availability: Offered to any customer after a purchase via the app.
• Goal: Drive sales and user acquisition through a referral system.

Cryptalks.app Cons: Ethical and Practical Concerns

While Cryptalks.app presents a vision of a secure and engaging crypto community, several significant concerns arise, particularly from an ethical standpoint and regarding the practicalities of its underlying premise.

Inherent Speculative Nature of Cryptocurrency

The most pressing concern is the platform’s foundation on cryptocurrency.

Despite Cryptalks.app’s efforts to create a “safe zone,” the crypto market itself is inherently speculative. Streetwearbelt.com Review

Many cryptocurrencies lack tangible underlying assets, and their value is largely determined by supply and demand, sentiment, and perceived future utility rather than real economic output. This speculative nature can lead to:

• High Volatility: Prices can swing dramatically in short periods, leading to substantial gains or devastating losses for individuals. This is far from the stable, asset-backed transactions encouraged in ethical finance.
• Gharar Uncertainty: Islamic finance strictly prohibits transactions with excessive uncertainty or ambiguity. The extreme price fluctuations and unpredictable nature of cryptocurrencies often fall under this prohibition, as outcomes are highly uncertain.
• Riba Interest: While not direct interest, the gains made from mere price appreciation without genuine productive effort or real economic activity can resemble Riba, or at least lack the ethical foundation of earned profit. Many crypto investments are closer to gambling than legitimate investment.
• Lack of Real Economic Activity: Many crypto-related activities, especially those focused on “the next giant ICO” or predicting price movements, are about trading digital tokens for quick gains rather than supporting real businesses, creating jobs, or producing tangible goods and services.

Data Point: A 2022 report by the Bank for International Settlements BIS highlighted that cryptocurrency markets are often “prone to speculation and manipulation,” noting that “the vast majority of retail users have lost money on their crypto investments.” This underscores the high-risk environment.

Limited Regulatory Oversight

The cryptocurrency market is notoriously under-regulated across many jurisdictions.

While Cryptalks.app implements its own verification like the “I AM WHO I SAY I AM” badge, this is internal to the platform and does not equate to comprehensive regulatory oversight from government bodies.

• Consumer Protection: Without robust external regulation, users may have limited recourse in cases of fraud, technical issues, or platform insolvency. The “safe zone” Cryptalks.app claims to offer is largely dependent on its internal policies, which can change.
• AML/KYC Gaps: While they mention KYC for Pro and Business accounts, the extent and effectiveness of their Anti-Money Laundering AML and Know Your Customer KYC procedures would need independent verification to truly ensure compliance and prevent illicit activities. Traditional financial institutions adhere to much stricter, legally mandated AML/KYC frameworks.

Dependence on Unstable Digital Currencies for Commerce

For businesses, accepting cryptocurrencies as payment introduces a significant risk.

The value of payments received can change dramatically between the time of sale and conversion to fiat currency, potentially leading to losses.

• Price Fluctuations: A business selling a product for a fixed crypto amount might find that the fiat value of that crypto has plummeted by the time they can convert it, undermining their revenue.
• Transaction Costs & Speed: While some cryptocurrencies boast low fees and fast transactions, this isn’t always the case, and network congestion can lead to delays and increased costs, impacting business efficiency.
• Taxation Complexity: Accounting for and paying taxes on cryptocurrency transactions is a complex area, often requiring specialized knowledge and software, adding an administrative burden for businesses.

Cryptalks.app Alternatives: Ethical Digital Engagement

Given the significant ethical and practical concerns surrounding cryptocurrency and platforms built around it, it’s essential to consider alternatives that foster genuine community, support ethical business practices, and promote financial stability rather than speculation.

The focus should be on platforms that facilitate real value exchange, professional growth, and community building without the inherent risks of volatile digital assets.

Professional Networking & Community Platforms

For individuals looking to connect, share knowledge, and engage in professional discourse, platforms focused on tangible skills and industries offer far more stable and ethically sound avenues.

• LinkedIn: The undisputed leader in professional networking. It’s where professionals connect, share industry insights, find job opportunities, and build personal brands based on real-world skills and achievements. LinkedIn’s value is in human capital and professional development.
  • Focus: Career development, professional connections, industry news.
  • Ethical Aspect: Supports growth through skill enhancement, ethical employment, and genuine professional relationships.
• Slack or Microsoft Teams: For building focused communities or internal business communication, these platforms excel. They allow for structured discussions, file sharing, and project collaboration, facilitating productive work and learning environments.
  • Focus: Team collaboration, structured communication, project management.
  • Ethical Aspect: Enhances productivity, streamlines legitimate business operations, and fosters organized teamwork.
• Discord: Beyond gaming, Discord has become a powerful tool for creating interest-based communities, including educational groups, coding clubs, and professional development circles. Its robust channel system allows for diverse discussions.
  • Focus: Community building around shared interests, real-time communication.
  • Ethical Aspect: Supports knowledge sharing, skill development, and healthy social interaction within specific niches.

Ethical E-commerce & Business Platforms

For businesses looking to sell products or services online, focusing on established, regulated e-commerce platforms that deal in stable fiat currencies or offer robust payment processing provides far greater security and ethical grounding. Essaywriting.org Review

• Shopify: A leading e-commerce platform that allows businesses of all sizes to build online stores. It integrates with various secure payment gateways credit cards, PayPal and focuses on enabling actual sales of goods and services.
  • Focus: Online store creation, product sales, robust payment processing.
  • Ethical Aspect: Facilitates legitimate commerce, allows businesses to sell tangible goods/services, and operates within established financial systems.
• Etsy: Ideal for small businesses, artisans, and creators selling handmade goods, vintage items, or craft supplies. It promotes unique products and direct seller-to-buyer relationships, focusing on craftsmanship and originality.
  • Focus: Handmade goods, vintage items, unique crafts.
  • Ethical Aspect: Supports creative economy, small businesses, and values craftsmanship over speculative trading.
• Amazon Seller Central: For businesses with established products and a desire for broad market reach. While highly competitive, it provides access to a massive customer base and sophisticated logistics, dealing primarily in fiat currency transactions for tangible goods.
  • Focus: Large-scale e-commerce, global reach, diverse product categories.
  • Ethical Aspect: Facilitates widespread distribution of legitimate products, provides a platform for established businesses.

These alternatives provide strong, ethical frameworks for digital engagement and business, avoiding the pitfalls of speculative financial instruments and aligning with principles of responsible commerce and community building.

How to Cancel Cryptalks.app Subscription

Based on the information provided on the Cryptalks.app homepage, the process for canceling a subscription is not explicitly detailed.

This is a significant omission for any platform that charges recurring fees, as clear cancellation instructions are a fundamental aspect of user transparency and consumer rights.

General Steps for Subscription Cancellation if not explicitly stated

When a platform doesn’t provide clear cancellation guidelines, users typically have to resort to common methods.

However, without direct instructions from Cryptalks.app, these are speculative.

1. Check Account Settings: The most common place to find subscription management options is within your account settings or profile section after logging in. Look for sections like “Billing,” “Subscriptions,” “Membership,” or “Account Management.”
2. Contact Support: If you can’t find a direct cancellation option, the next step is to contact their customer support. This might be via email, a support ticket system, or a contact form on their website. You would need to explicitly state your desire to cancel your subscription and request confirmation of the cancellation.
3. Review Terms of Service: Always check the platform’s Terms of Service or User Agreement. These documents often contain the official policy regarding subscription cancellations, refund policies, and required notice periods.
4. Payment Method Revocation: As a last resort, if the platform proves unresponsive or difficult, you might need to contact your bank or credit card provider to block future charges from Cryptalks.app. However, this should be done with caution, as it can lead to account issues with the platform if not properly documented and communicated.

Important Note: The homepage states, “Displayed prices are for yearly subscriptions, paid in full 1 month after the time of purchase.” This suggests a commitment for a year, even if paid monthly, which could impact cancellation terms. Always clarify this with the platform directly.

Lack of Transparent Cancellation Policy

The absence of a clear “How to Cancel” section or FAQ on the homepage is a red flag.

Reputable subscription services typically make this information easily accessible to build trust and ensure user autonomy.

This oversight can lead to frustration and difficulties for users who wish to terminate their services. Impact-xm.com Review

Cryptalks.app Pricing: Tiers and Trials

Cryptalks.app offers a tiered pricing structure catering to different user needs, from basic social interaction to advanced business functionalities.

They also include free trial periods for certain plans.

Basic Account

• Cost: FREE
• Features:
  • Purchase products and services from other users using crypto.
  • Chat with any other Basic users using the ‘Ask to Chat’ button.
• Requirements: Getting the “I AM WHO I SAY I AM” badge by submitting:
  • Selfie ID
  • Confirm Phone
  • Confirm email

Pro Account

• Cost: USD 8.50/month yearly subscription, paid in full 1 month after purchase
  • Post Products or Services and get paid with different kinds of cryptocurrencies.
  • Chat with any of the other Basic and Pro users using the ‘Ask to Chat’ button.
• Requirements:
  • Approved ‘I AM WHO I AM’ badge.
  • Full KYC Know Your Customer by submitting:
    • Certificate of dealer authorized by the state for users in the US.
    • Proof of address utility bill or equivalent, no older than 3 calendar months.
    • Bank statement no older than 3 calendar months.
    • Signing an AML Anti-Money Laundering agreement online.
• Payment Start: Payment will start from the second month onwards.

Business Group

• Cost: USD 18/month yearly subscription, paid in full 1 month after purchase
• Purpose: Promote businesses that receive cryptocurrencies as payment.
  • Post unlimited products or services in exchange for crypto using the Products section.
  • Start chatting with clients as a Business representative inside the group.
  • Have up to 5 individual users manage the group as Admins or Moderators.
  • Article of incorporation for companies or Certificate of dealer for small businesses.
  • Proof of address from your place of business utility bill or equivalent, no older than 3 calendar months.
  • Bank statement no older than 3 calendar months.
  • Approved ‘I AM WHO I SAY I AM’ badge by any of the group admins.
  • Signing an AML agreement online.
• Payment Start: Payment will start from the fourth month after a 3-month free trial.

Social Group

• Purpose: Promote opinions and agendas as a group/community/company.
  • Post your agenda as a group/community/company.
  • Start chatting with clients as the company’s representative inside the group.

Free Trial Information

• Pro Account: Payment starts from the second month, implying a 1-month free trial.
• Business Group: Features a 3-month free trial, with payment starting from the fourth month.
• Social Group: Is entirely free.

Note on Payment: The website explicitly states, “Displayed prices are for yearly subscriptions, paid in full 1 month after the time of purchase.” This means that while prices are quoted monthly, the commitment and payment structure appear to be annual after the trial period. This is a critical detail for budgeting and financial planning.

Cryptalks.app vs. Traditional Professional Networks

Comparing Cryptalks.app to established professional networks like LinkedIn or even broader community platforms like Discord, reveals stark differences in their core value propositions, target audiences, and underlying financial principles.

Core Value Proposition

• Cryptalks.app: Primarily a niche platform focused on cryptocurrency. Its value hinges on facilitating crypto discussions and transactions. The “social marketplace” aspect is built upon the premise of crypto adoption for commerce. The allure is often the speculative potential of crypto and connecting with others in this specific, often volatile, space.
• Traditional Professional Networks e.g., LinkedIn: These platforms focus on professional development, talent acquisition, industry insights, and networking based on tangible skills, experiences, and legitimate business operations. Their value is derived from connecting individuals to real job opportunities, fostering career growth, and facilitating partnerships in established industries.

Target Audience

• Cryptalks.app: “Early Blockchain adopters,” “Bitcoin fans,” “crypto enthusiasts,” and local businesses willing to accept cryptocurrencies. This is a specific, self-selecting group deeply invested in the crypto ecosystem.
• Traditional Professional Networks: Professionals across virtually all industries, recruiters, educators, students, and businesses of all sizes looking to hire, partner, or market within established economic frameworks. The audience is significantly broader and more diverse in terms of professional background and financial objectives.

Financial Principles & Ethical Stance

This is where the most significant divergence lies, particularly from an ethical Islamic perspective.

• Cryptalks.app and Crypto in general:
  • Speculation: Explicitly mentions finding “the next giant ICO” and anticipating price hits, indicating a strong emphasis on speculative gains.
  • Volatility: Relies on assets cryptocurrencies known for extreme price fluctuations, introducing significant risk and uncertainty gharar.
  • Riba Concerns: Gains derived from mere price appreciation without tangible productive effort or asset-backing can raise concerns related to Riba interest-like gains.
  • Lack of Tangible Value: Many cryptocurrencies lack intrinsic value derived from real goods or services, making their trade more akin to a speculative bet than a sound investment or legitimate commercial exchange.
• Traditional Professional Networks:
  • Real Economy Focus: Facilitate connections that lead to real jobs, productive enterprises, and the exchange of tangible goods and services.
  • Stable Currencies: Transactions e.g., salaries, service payments are typically conducted in stable fiat currencies, removing the volatility risk inherent in crypto.
  • Ethical Trade: Promote ethical employment practices, fair business dealings, and value creation based on genuine effort and utility.
  • Regulation & Stability: Operate within established legal and financial regulatory frameworks, offering more protection and predictability.

Example Comparison:

Imagine a business looking to hire a software developer.

On LinkedIn, they’d post a job, assess skills, and pay a salary in fiat currency for tangible work.

On Cryptalks.app, a business might seek “crypto enthusiasts” or offer “promo products” for crypto.

The fundamental transaction and value exchange differ significantly. Happymindcollective.com Review

One is about productive labor and established commerce.

The other is about a niche, often speculative, digital asset economy.

In conclusion, while Cryptalks.app carves out a niche for crypto enthusiasts, its core reliance on inherently volatile and speculative digital assets makes it a problematic choice compared to traditional professional and business platforms that operate within established ethical and financial frameworks.

Understanding the “I AM WHO I SAY I AM” Badge

The “I AM WHO I SAY I AM” badge is a unique feature Cryptalks.app highlights as central to its security and trust initiatives.

In an online environment, especially one dealing with financial transactions and a community of individuals, identity verification is crucial to combating fraud and building a reliable user base.

Purpose and Mechanism

The primary purpose of this badge is to verify the identity of users, thus increasing accountability and reducing the anonymity that often fuels scams in online spaces.

Cryptalks.app states that this badge clarifies that the user has confirmed their details with the CrypTalks support team.

The mechanism involves users submitting specific personal documents:

• Selfie ID: This typically means a picture of the user holding their government-issued identification e.g., passport, driver’s license. This helps confirm that the ID belongs to the person registering.
• Confirm Phone: Verification through a phone number, usually via a code sent via SMS. This links a unique phone number to the user’s account.
• Confirm Email: Standard email verification by clicking a link sent to the registered email address.

Upon successful submission and verification by the Cryptalks.app support team, the user is granted the “I AM WHO I SAY I AM” badge.

Importance in the Crypto Space

The emphasis on identity verification is particularly critical in the cryptocurrency world due to: Heskethpress.com Review

• Prevalence of Scams: The crypto space has been notorious for various scams, including phishing, pump-and-dump schemes, and fake ICOs, often perpetrated by anonymous or pseudonymous actors. A verifiable identity aims to deter such activities.
• Trust Building: In a nascent and often unregulated market, building trust among participants is paramount. Knowing that you are interacting with a verified individual at least by the platform’s standards can increase confidence in transactions and discussions.
• AML/KYC Compliance Partial: While not a full regulatory KYC/AML framework, these steps align with initial stages of ‘Know Your Customer’ protocols, which are designed to prevent money laundering and terrorist financing. For higher-tier accounts Pro and Business Group, Cryptalks.app requires more extensive KYC, including proof of address and bank statements, and signing an AML agreement. This suggests an awareness of the need for some level of regulatory adherence.

Limitations and Considerations

While the “I AM WHO I SAY I AM” badge is a positive step, it’s important to understand its limitations:

• Internal Verification: This is an internal verification process conducted by Cryptalks.app. It does not equate to external regulatory oversight or guarantees against all forms of fraud or misconduct. Its effectiveness is dependent on the rigor and integrity of the Cryptalks.app support team.
• Data Security: Submitting sensitive personal documents like ID and bank statements raises questions about how Cryptalks.app stores and protects this data. Users must trust the platform’s cybersecurity measures to prevent data breaches.
• Scope of Verification: The badge confirms identity, but it doesn’t verify the user’s expertise, financial stability, or ethical intentions beyond the initial check. A verified user could still engage in speculative behavior or promote questionable projects, though less likely to be an outright identity scammer.

In essence, the “I AM WHO I SAY I AM” badge is a step towards creating a more accountable community on Cryptalks.app, aiming to filter out bad actors by adding a layer of identity confirmation.

However, users should remain aware that it is a platform-specific measure and does not eliminate all risks associated with the volatile cryptocurrency market.

FAQ

What is Cryptalks.app?

Cryptalks.app is a social media application and marketplace designed for individuals and businesses involved in the cryptocurrency world.

It aims to provide a platform for users to share views, connect, and for local businesses to accept cryptocurrencies as a form of payment.

Is Cryptalks.app a legitimate platform?

Based on the website’s description, Cryptalks.app describes itself as a legitimate platform aiming to create a secure community.

However, the inherent speculative nature of cryptocurrency and the lack of explicit regulatory oversight for the platform itself are significant factors to consider when assessing its overall legitimacy and ethical standing.

What are the main features of Cryptalks.app?

The main features include the “I AM WHO I SAY I AM” badge for identity verification, the ability for users to open online businesses to accept crypto payments, and a unique “Promo Product” tool for business promotions and incentivized sharing.

It also offers basic chat and group functionalities.

How does Cryptalks.app ensure user security?

Cryptalks.app claims to ensure user security through its “I AM WHO I SAY I AM” badge, which requires users to confirm their identity with the support team using a selfie ID, phone number, and email. Offenbachers.com Review

For higher-tier accounts, more extensive KYC Know Your Customer documents are required.

What is the “I AM WHO I SAY I AM” badge?

The “I AM WHO I SAY I AM” badge is a verification symbol on Cryptalks.app indicating that a user has confirmed their identity with the platform’s support team by providing a selfie ID, phone number, and email confirmation. Its purpose is to build trust and deter scammers.

Can businesses accept cryptocurrency payments on Cryptalks.app?

Yes, businesses can open online shops on Cryptalks.app and accept various cryptocurrencies as payment for their products and services.

This feature is available to users with a Pro or Business Group account.

What is the “Promo Product” feature?

The “Promo Product” is a unique promotional tool on Cryptalks.app where a business allocates 20% of a product’s price for a campaign.

When a user shares this product, their friends receive a 10% discount on purchase, and the sharing user receives 10% of the total price as payment.

How much does Cryptalks.app cost?

Cryptalks.app offers different tiers: a Basic Account is FREE, a Pro Account costs $8.50/month, a Business Group costs $18/month, and a Social Group is FREE.

Prices are displayed monthly but are for yearly subscriptions, paid in full 1 month after purchase.

Does Cryptalks.app offer a free trial?

Yes, Cryptalks.app offers free trials for some of its paid plans.

The Pro Account appears to have a 1-month free trial payment starts from the second month, and the Business Group includes a 3-month free trial payment starts from the fourth month. Ethicalhacs.com Review

Is using Cryptalks.app ethically permissible in Islam?

No, using platforms like Cryptalks.app for engaging in cryptocurrency trading and speculation is generally not considered ethically permissible in Islam due to the inherent volatility, lack of tangible underlying assets for many cryptocurrencies, and the potential for excessive uncertainty gharar and Riba interest-like gains from mere price appreciation.

What are the risks of using cryptocurrency platforms like Cryptalks.app?

The main risks include high price volatility leading to potential significant financial losses, lack of robust regulatory oversight in many jurisdictions, susceptibility to scams and fraud despite internal verification efforts, and the complexity of taxation for crypto transactions.

What are some ethical alternatives to Cryptalks.app for business and networking?

Ethical alternatives include professional networking platforms like LinkedIn for career development, team collaboration tools like Slack or Discord for community building, and established e-commerce platforms like Shopify or Amazon Seller Central for legitimate product sales.

How do I cancel my Cryptalks.app subscription?

The Cryptalks.app website does not explicitly detail the cancellation process.

Users would typically need to look for a “cancel subscription” option within their account settings or contact customer support directly to request cancellation.

It’s advisable to review their Terms of Service for specific instructions.

What documents are required for a Pro Account on Cryptalks.app?

For a Pro Account, Cryptalks.app requires an approved “I AM WHO I SAY I AM” badge, full KYC documentation including a certificate of dealer if applicable, proof of address utility bill no older than 3 months, a bank statement no older than 3 months, and signing an AML agreement online.

Can individuals post products or services for sale on Cryptalks.app?

Yes, individuals can post products or services for sale on Cryptalks.app if they have a Pro Account, which enables them to get paid with different kinds of cryptocurrencies.

What is the vision of Cryptalks.app?

Cryptalks.app’s vision is to be a driving force in the developing crypto world, aiming to write “rules for fair play” and protect its members from fraudsters. Chicagobyboat.com Review

They aspire to build a committed crypto community and illuminate a safe path for users.

Does Cryptalks.app have a mobile app?

Yes, Cryptalks.app states that it is available on Google Play, App Store, and also has a Web Version, indicating mobile app availability for both Android and iOS devices.

What kind of content is on the Cryptalks.app blog?

The Cryptalks.app blog features articles related to cryptocurrencies, such as explanations of NFTs, tips on finding new crypto coins like Shiba Coin, and key points for businesses considering accepting cryptocurrency.

What is the difference between a Business Group and a Social Group on Cryptalks.app?

A Business Group paid allows businesses to promote products, chat with clients as representatives, and have up to 5 admins.

A Social Group free is for promoting opinions and agendas as a group, also allowing chats and up to 5 admins, but primarily for content and community, not product sales.

Are there any hidden fees with Cryptalks.app subscriptions?

The website states that displayed prices are for yearly subscriptions, paid in full 1 month after purchase, and do not include VAT.

This clarifies the payment structure annual commitment and potential additional taxes, which are not hidden if noted before payment.

How does Cryptalks.app address fraud and scams?

Cryptalks.app claims to address fraud and scams through its “I AM WHO I SAY I AM” identity verification badge and stricter KYC requirements for higher-tier accounts.

They state a commitment to protecting users from fraudsters and rogue groups within their network.

Does Cryptalks.app support all cryptocurrencies for payments?

The website mentions “different kinds of cryptocurrencies” for payments but does not specify which ones. Fundingsecure.com Review

It is common for such platforms to support major cryptocurrencies like Bitcoin and Ethereum, but users would need to check within the app for the full list of supported currencies.

Is Cryptalks.app suitable for crypto beginners?

Cryptalks.app presents itself as a “safe zone for early Blockchain adopters to become familiar with the industry.” However, given the inherent complexity and risks of cryptocurrency, even with the platform’s features, beginners should exercise extreme caution and seek advice from reliable, non-speculative financial sources.

What type of businesses would benefit from Cryptalks.app?

Businesses looking to specifically target a niche audience of cryptocurrency holders and willing to accept crypto payments might consider Cryptalks.app.

This primarily includes local businesses or those with services appealing to crypto enthusiasts.

Does Cryptalks.app provide financial advice?

The website does not explicitly state that it provides financial advice, but its blog content and focus on “anticipating what price Bitcoin…will hit tomorrow” could be misconstrued as encouraging speculative financial decisions.

Users should always be wary of platforms that blend social interaction with financial speculation without clear disclaimers.

How does the annual payment structure work for Cryptalks.app?

For paid plans like Pro and Business Group, although prices are quoted monthly, the subscription is for a full year.

The total annual amount is paid upfront, typically one month after the initial purchase or after the free trial period ends.

What are the community guidelines on Cryptalks.app?

While the website mentions a commitment to a “true, crypto, community” and protecting members, specific, detailed community guidelines or terms of conduct beyond general anti-fraud statements are not prominently displayed on the homepage.

Users would need to review the full Terms of Service or app policies. Mariechantal.com Review

Can I use Cryptalks.app on my desktop?

Yes, Cryptalks.app states it is available as a “Web Version,” meaning users can access and use the platform directly through a web browser on their desktop or laptop computer.

What is the role of Admins/Moderators in CrypTalks groups?

In both Business and Social Groups, up to 5 individual users can be designated as Admins or Moderators.

Their role is to manage the group, which likely includes overseeing content, managing members, and facilitating discussions within that specific group.