Question 1

How do I start saving in gold with AlphaMoney?

Accepted Answer

Three steps, all from your phone. First, sign up with your BVN — the same identity verification every Nigerian bank uses, checked before any money moves. Second, fund your naira wallet by bank transfer or USSD, exactly like topping up any account. Third, buy gold: your naira converts to alphas at the live spot price plus the one-time 3.5% handling fee, and specific vaulted bullion is allocated against your balance from that moment. There's no minimum bar to afford — because 1 alpha is just 1 milligram of gold, you can start with small amounts and add whenever you have something to put aside. From signup to holding real vaulted gold typically takes minutes, and each purchase itself settles in seconds.

Question 2

Can I turn my gold back into naira when I need cash?

Accepted Answer

Yes, whenever you choose — liquidity is the difference between gold you can live on and gold locked in a drawer. Selling converts your alphas back to naira at the live spot rate, landing in your naira wallet to transfer to any bank account. For everyday spending you don't even need to sell first: the AlphaMoney Mastercard pays anywhere Mastercard is accepted and withdraws naira at any ATM, converting your gold at the live spot rate in the moment. Bills like airtime, data, TV and electricity can be paid straight from your gold balance in the app. Your savings stay in gold until the second you actually need naira — no notice periods, no lock-ups, no penalties for touching your own money.

Question 3

Is the gold I buy real, or just a number in an app?

Accepted Answer

Real — and verifiably so, which matters more than the claim itself. Every alpha you buy is matched one-to-one by physical, serialised, LBMA-accredited 999.9 fine gold bullion held in Brink's (Dubai) and Loomis (Istanbul) high-security vaults, sourced through Minted Connect in London. It is never fractional and never lent out. Your balance is reconciled against the vaulted metal daily, to the milligram, and a Big 4 accounting firm audits the whole arrangement quarterly. The gold is also redeemable in physical bullion. The app is just the interface; the asset underneath is the same metal central banks hold — allocated to you, insured, and independently checked on a schedule.

Question 4

Do I need a smartphone and internet to use it?

Accepted Answer

A smartphone gives you the full experience, but AlphaMoney is deliberately built for Nigerian realities: core actions also work over USSD on any phone, so funding your account or managing your card doesn't depend on data or a fresh Android. The Mastercard works offline the way any card does — at POS terminals, online checkouts, and ATMs — because once your gold is converted at the point of payment, the rails are ordinary card rails. That combination matters for who this is for: gold-backed saving shouldn't be a perk for people with the newest phones. If you can use a bank account and a card today, you can hold and spend vaulted gold with AlphaMoney.

Naira in. Gold out. Seconds.