What is ALIAS (ALIAS) crypto coin? Privacy claims vs real-world reality

Ben Bevan 3 February 2026 1 Comments

The ALIAS cryptocurrency was built to be one of the most private digital currencies ever created. It promises ring signatures, Tor network integration, and something called "Stealth Staking" - all designed to hide who you are, what you’re buying, and how much you own. Sounds powerful, right? But here’s the truth: ALIAS is a ghost in the crypto world. It exists on paper, but almost nowhere else.

What ALIAS claims to do

ALIAS says it’s not just another altcoin. It’s a privacy-first blockchain. Unlike Bitcoin, where every transaction is public, ALIAS uses ring signatures to mix your transaction with others, making it nearly impossible to trace where the money came from or where it went. It also hides your IP address by routing all traffic through Tor and OBFS4 - tools normally used by journalists and activists in repressive regimes. Then there’s "Proof-of-Anonymous-Stake" (PoAS), or "Stealth Staking," which lets you earn rewards just by holding coins - without ever revealing your balance or identity to the network.

The idea was solid. When ALIAS launched, privacy coins like Monero and Zcash were gaining attention. ALIAS tried to outdo them by stacking multiple privacy layers into one system. It even built an Android wallet that lets you stake directly from your phone, something few other privacy coins offered at the time. The whitepaper from 2020 laid out a clear roadmap: faster blocks, better anonymity, mobile accessibility.

The numbers don’t lie

But none of that matters if no one uses it.

As of November 2025, ALIAS has a market cap of just $2.41 million. That’s less than 0.001% of Bitcoin’s value. For comparison, Monero - a single competitor - is worth over $2.8 billion. ALIAS trades on only six exchanges. On Coinbase, its 24-hour volume is $388.88. On Binance, it’s $1,035. On Liquidity Finder, it’s $289. That’s not trading. That’s a few people buying a few coins. One user on Bitget wrote: "I tried to buy $50 worth. Slippage was 15%. I gave up."

Price data is all over the place. CoinMarketCap says $0.058. Binance says $0.067. Coinbase says $0.075. Liquidity Finder says $0.083. Why? Because there’s no real market. Each price reflects a single trade, not supply and demand. When liquidity is this thin, a single person can move the price 20% with one click.

The total supply is around 31 million coins. But here’s the weird part: some sites say 30.7 million are circulating. Others say 31 million are in circulation - but zero are actually being traded. That’s not a typo. That’s data chaos. It means no one knows how many coins are out there - or who owns them.

Who’s using ALIAS?

No one.

There are no major merchants accepting ALIAS. No payment processors list it. No DeFi protocols support it. No wallets beyond the official Android app even bother to integrate it. The official website, alias.cash, offers a wallet download - but no tutorials, no FAQs, no troubleshooting guides. If your wallet freezes? Good luck.

The community? Nonexistent. The Telegram group has 187 members. The Twitter account has 2,147 followers and gets 2 likes on posts. The GitHub repo hasn’t had a meaningful update since March 2023. Three commits in the last year. That’s not development. That’s maintenance. The last major upgrade? May 2019 - over five years ago.

Reddit has no threads about ALIAS. Trustpilot has no reviews. CoinMarketCap gives it a 2.8 out of 5 - below average. Bitget admits: "The value of ALIAS is not widely recognized by the market."

Frozen ALIAS wallet app on a cracked phone with notes about neglect and low liquidity.

Why does ALIAS still exist?

It’s still running. The blockchain hasn’t crashed. The wallet still syncs - sometimes. You can still stake coins. But it’s a zombie coin. A digital ghost.

Most coins die because they’re scams. ALIAS isn’t a scam. It was built with real tech. But it failed because no one cared. No developers. No users. No liquidity. No exchange support. No media attention. No roadmap updates. No community growth.

It’s like building a luxury sports car… and parking it in a garage with no keys. The engine works. The lights turn on. But no one can drive it.

What happens if you try to use it?

If you’re thinking of buying ALIAS, here’s what you’ll face:

You’ll have to go to obscure decentralized exchanges (DEXs) with high fees.
Your transaction might take hours to confirm - or fail entirely.
The Android wallet drains your battery and freezes randomly.
You won’t find help. No forums. No Reddit. No Discord.
Even if you buy it, you won’t be able to sell it without losing 10-20% in slippage.

And here’s the kicker: the coin’s all-time high was $6.74 in January 2018. Today? Around $0.06. That’s a 98.85% drop. Not a correction. Not a market dip. A total collapse.

Luxury car in empty garage with sticky note 'Engine Works. No Keys.'

Is ALIAS worth anything?

Technically? Maybe. The code works. The privacy features are real. But value isn’t about technology. It’s about adoption. And ALIAS has none.

Compare it to Monero. Both use ring signatures. Both hide IPs. But Monero has:

A $2.8 billion market cap
120+ exchange listings
Active developers, forums, and research teams
Real-world use cases - from privacy advocates to underground markets

ALIAS has none of that.

There’s no future here. No growth. No momentum. No reason to believe this will change. Even if you bought ALIAS at its lowest point - $0.00067 in February 2024 - you’re still holding a coin with no buyers, no sellers, and no future.

The bottom line

ALIAS is a privacy coin that was built with ambition but abandoned by reality. It has the tech. It lacks the people.

If you’re looking for a private cryptocurrency to use - or invest in - ALIAS is not it. It’s a relic. A footnote. A cautionary tale.

There are better privacy coins out there. Monero. Zcash. Dash. Even newer ones like Pirate Chain. They have volume. They have users. They have teams that show up.

ALIAS? It’s still running. But no one’s home.

Is ALIAS a scam?

No, ALIAS is not a scam in the traditional sense. It was launched with real code, a whitepaper, and working privacy features. There’s no evidence the team stole funds or lied about the tech. But it’s a failed project. It has no users, no development, and no liquidity. That doesn’t make it fraudulent - it makes it irrelevant.

Can I stake ALIAS coins safely?

Technically, yes - the Android wallet allows stealth staking without revealing your balance. But the wallet is buggy. Many users report crashes, sync failures, and excessive battery drain. Even if staking works, there’s no guarantee you’ll ever be able to withdraw your coins later due to lack of liquidity. Staking ALIAS is like earning interest in a bank that might shut down tomorrow.

Where can I buy ALIAS?

ALIAS is listed on only six exchanges as of late 2025, including Binance, Coinbase, and a few obscure DEXs. You won’t find it on major platforms like Kraken or KuCoin. Buying it requires navigating low-liquidity markets, where even small trades can cause 10-20% price swings. It’s not practical for anyone except speculators willing to risk total loss.

Why did ALIAS crash so hard?

ALIAS peaked at $6.74 in January 2018, then lost 98.85% of its value. The crash happened because the team stopped developing. No updates. No marketing. No partnerships. No community building. While competitors like Monero grew, ALIAS sat still. When crypto markets shifted toward real utility, ALIAS had none. It became a speculative bubble that popped - and never recovered.

Is ALIAS better than Monero?

No. Monero has stronger privacy tools, a larger community, active development, and real trading volume. ALIAS added Tor and OBFS4 to its stack - but Monero has proven itself over 10+ years. ALIAS’s features are theoretical. Monero’s are battle-tested. If privacy is your goal, Monero is the only real choice.