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Crypto.com: What you need to know!

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Crypto.com: What you need to know before signing up!

Crypto.com review: What you need to know before signing up to crypto.com exchange. Download the app and get $50 reward for free using this code: berj5f5qb4

If you are looking for a strong, reliable, cheap, and secure exchange to buy/sell, invest, and/or trade cryptocurrency, then read on.

In this article, I’ll cover the Everything you need to know about Crypto.com.

https://crypto.com, a digital currency based platform from Hong Kong. The exchange is a “natural extension of crypto.com’s business, which will ensure that everything remains in its own ecosystem.

Crypto.com Review Summary

Crypto.com is a pioneering payments and cryptocurrency platform. It started as Monaco Coin in June 2016 before re-branded to crypto.com in July 2018. In November 2018 crypto.com Blockchain and Token (CRO) was announced.

The token functions as a crypto-based payment solution tasked with supporting cross-asset intermediary currency settlements and improving interoperability between cryptocurrencies and fiat-based payments.

Crypto.com Blockchain and CRO token made headlines in early 2019, based on the dramatic token price increases. The token was ranked by Coinmarketcap as the top 40 coin based on Market Capital.

In March 2019, crypto.com launched crypto.com pay. Crypto.com pay is a mobile QR code payment solution powered by the Crypto.Chain. In May 2019 Crypto Earn and Credit was launched. November 2019 Crypto.com launched its own cryptocurrency exchange. In May 2020 Crypto.com wallet was launched.

Crypto.com Overview

Crypto.com previously known as Monaco was founded in June 2016 by Bobby Bao, Gary Or, Kris Marszalek, Rafael Melo. It is also known as Monaco, Foris LTD, MCO Pay Limited, MCO Digital Asset Group, Foris Asia Pte Ltd, Foris Inc. It was founded to accelerate the world transition to cryptocurrency.

Key product include:

  1. Crypto.com App – the best place to buy, sell, and pay with crypto,
  2. The MCO Visa Card – a metal card with no annual fees, and
  3. The Crypto.com Chain – which enables users to pay and be paid in any crypto, anywhere, for free.

The Company uses 23 technology products and services.

Crypto.com gained popularity with its MCO Visa Card project. The project aimed to create a Crypto Credit Card that would lead to mass adoption. In 2019, Crypto.com expanded its lists of products by adding a cryptocurrency exchange. Other functionalities of the platform include: Crypto Earn, Crypto.com Pay, Syndicate, Staking, and Exchange.

Crypto.com App

The Crypto.com App is different from the exchange. The App comes with an integrated crypto wallet which supports over 60 different cryptocurrencies. The app offers more features. From the app, you can buy, sell, store, and trade any of the 60+ supported cryptos and 21 fiat currencies in the app.

It is easy to sign up, download the app and get a $50 reward for free using this code: berj5f5qb4.

Crypto Pay

This section of the app is all about buying stuff with crypto. The app enables users to pay with crypto and get cashback in CRO when they make a purchase. Here you can buy a gift card or top up your mobile phone using the app or pay for things using crypto by scanning a QR code.

Crypto Earn

The app’s Crypto Earn service allows you to supply crypto and earn interest. You get up to 18% per year when you deposit and stake cryptocurrency via the crypto.com platform.

MCO Visa Cards

This allows users to spend cryptocurrency wherever a visa is accepted. The card comes with five different crypto visa cards.

  • The Midnight blue card, 1% card cashback, monthly, annual, and delivery fee free, ATM Limit $200, Inter-bank Rates Monthly Limit $2000 and 0.5% thereafter.
  • The Ruby Steel, 2% card cashback, monthly, annual, and delivery fee free, ATM Limit $400, Inter-bank Rates Monthly Limit $4000 and 0.5% thereafter.
  • Jade Green/Royal Indigo, 3% card cashback, monthly, annual, and delivery fee free, ATM Limit $800, Inter-bank Rates Monthly Limit $10,000 and 0.5% thereafter.
  • Icy/Rose Gold, 4% card cashback, monthly, annual, and delivery fee free, ATM Limit 1000, Inter-bank Rates Monthly Limit $15000 and 0.5% thereafter.
  • Obsidian Black, 5% card cashback, monthly, annual, and delivery fee free, ATM Limit $1000, Inter-bank Rates Monthly Limit unlimited.

The Card supports BTC, ETH, LTC, XRP, and CRO.

Users get 5% cash back.

Syndicate

The Crypto.com Syndicate is like a binance launchpad. Syndicate is a fundraising platform for the most promising crypto projects to list their coins or tokens on the Crypto.com Exchange. CRO token holders will receive priority token allocation.

The Crypto.com Exchange users will get a discount up to 50% of the listing project token.

Staking

Staking is similar to mining. It is the process of actively participating in a transaction validation on a proof-of-stake (PoS) blockchain. It means the holding of CRO in your Crypto.com wallet for a period of 6 months. This allows users in the platform to unlock benefits such as interest rewards, cashback, and rebates.

To stake CRO, you need to have an adequate amount of CRO tokens in your CRO Wallet in the app.

There are two types of staking:

1. CRO Staking, users can earn 18% p.a with 10,000 or more CRO stake. Their earnings will be credited to their crypto.com app wallet every 7 days.

2. Soft-staking. This enables users to earn rewards by holding crypto balance in their exchange wallet, including supported tokens on the platform.

Exchange

Crypto.com Exchange offers low fees, liquidity, staking, and institutional grade security along with the benefits that come with its relatively simple online trading interface, API, and low-cost crypto.com application.

The exchange does offer a few exciting features, including discounts on trading fees, access to a large global platform, as well as enhanced custody and safety management.

Crypto.com is the first exchange to receive multiple ISO certifications, including ISO/IEC 27001:2013, ISO/IEC 27701:2019, as well PCI: DSS 3.2.1, Level 1 compliance and CCSS ( Level 3 ).

To start using the exchange, you’ll need to create an account. All you have to do is input your names, nationality, date of birth, email, and choose a password.

Once you do this, the system will send a confirmation email, and as soon as you follow the link, you can access the trading platform.

Note:You should enable your two-factor authentication to secure your account, and it’s highly advisable to enable the anti-phishing code.

How do I create a Crypto.com account?

Step 1. Go to the Crypto.com website.

Go to the app store links or scan the QR code on the home page.

Download the app to your phone.

Once you’ve downloaded the app on your phone, start the app and follow the prompts to verify your identity.

It is easy to sign up, download the app and get a $50 reward for free using this code: berj5f5qb4.

Read Also:

Binance Review: Everything You Need to Know Before Signing Up!

How to Buy Bitcoin with Bundle on Binance p2p

How to Earn free Cryptocurrency

Note: You must confirm email via Crypto.com App within 72 hours after email submission via Referral Link web Portal, if you use the web referral link.

If you fail to confirm email via Crypto.com App within 72 hours after email submission, your submission will be invalid  Or You can add the code via App. Download Crypto.com App on App Store or Google play, tap on “Invited? Add Referral Code (berj5f5qb4) and get a $50 reward for free using the code.

How to Verify Your Account

Step 1: Personal Info. Enter your legal first and last name. The name entered must match your name on the ID.

Step 2: ID Verification. Select the issuing country of your ID, Select the type of ID you will be using to verify yourself and follow the on-screen instructions

Step 3: Selfie. Take a photo of yourself holding a piece of paper with “crypto.com” and the date handwritten on it.

When ready, click Complete Submission

A confirmation page will show that your documents and selfie have been successfully submitted.

Currencies and Payment Methods

Crypto.com supports fiat and cryptocurrencies payment methods.

Fiat Wallet: The company supports 21 fiat currencies. But due to partner’s permitted jurisdictions restriction or payment networks requirements, you may not see all options available to you.

Crypto.com charges no fees for bank transfer via swift, but your local bank may charge a processing fee.

Cryptocurrencies:  Crypto.com supports 60+ cryptocurrencies including the major ones, Bitcoin, Ethereum, Bitcoin Cash, Ripple, Litecoin, Tether, and Binance Coin.

You can trade any of the crypto with fiat currency or any cryptocurrency supported by the platform.

The crypto.com app allows users to trade cryptocurrency via fiat, debit or credit card, or crypto.

Crypto Fees and Limit

There are no fees and limits for depositing crypto to the crypto.com Exchange. However, when it comes to withdrawal, there are two things to know:

  1. There is a fee to withdraw from the app that goes to miners
  2. There is no functionality to adjust the transaction fee or speed of the transaction.

Crypto.com doesn’t charge you for deposits or withdrawals. However, your bank could charge you between $5 and $40 per transaction.

You can find the number of confirmations required for each coin by selecting the Deposit button in the Balances page.

Fiat Deposits

Fiat deposits are not supported on the Crypto.com Exchange. The crypto.com exchange does not support deposits from Smart Contracts. Any transfers will not be credited automatically.

Fiat Withdrawals

Fiat withdrawals are not supported on the Crypto.com Exchange.

Withdrawals to an external address may take 2-3 hours to process. But withdrawals to the Crypto.com App are instant.

Note: Transferring crypto to your Crypto.com Wallet App’s address will also incur a fee if completed on-chain.

A withdrawal from the Crypto.com Exchange is an on-chain transaction of transferring crypto to an external cryptocurrency wallet or exchange. All blockchain transactions come with a fee.

Crypto.com Customer Supported

There is no phone support, users have to leave the exchange interface and go to crypto.com’s main site. Users can use the FAQ section on the exchange to answer most general questions.

You can use the onsite chat feature to reach out to crypto.com customer service. The chat in the app can take a few hours to be replied to.

Crypto.com Security

Security is an essential part in the crypto industry. Most crypto currency exchanges have been hacked as a result of security breach, and millions of dollars stolen. Even some exchanges fold up as a result of that.

The company excels when it comes to security. The platform has obtained various certifications that attest to its ability to meet institutional-grade custody and security standards. The company boasts of being the first crypto company in the world to achieve both the ISO27001:2013 and the PCI:DSS 3:2:1, Level 1 compliance standards.

These cover information security and payment card security, respectively.

Crypto.com also partners with Ledger Vault, which provides cold storage in the form of a hardware security module protecting booth assets and private keys.

The platform also protects your account from depositing and withdrawing. You will need to be verified before you can transact on the platform. In order to start depositing, trading, and withdrawing, you will need to provide more information about yourself to upgrade to the starter or Advanced level.

Level: Starter

Features Enabled:

Deposit crypto

Trade crypto

Withdraw crypto; withdrawals in cryptocurrency will have a limit equivalent to $5000 USD per day.

Required Information:

First and last name

Nationality

Date of birth

Email

Mobile number to receive a one-time pass-code (OTP)

Level: Advanced

Features Enabled:

Deposit crypto

Trade crypto

Withdraw crypto; withdrawals in cryptocurrency will have limit equivalent to 100 BTC per day

Required Information:

ID submission

Selfie

Conclusions

Crypto.com has created a convince platform to buy/sell cryptocurrency and the existing fiat financial system. Many people will like invest, trade, and buy/sell cryptocurrency if they understood how easy it is to use them for everyday things.

People need a comprehensive tools to manage their crypto holdings, and also make a return without risking their tokens. Crypto.com provide the tools needed to work with cryptocurrency, and also trade them.

It is easy to sign up. Download the app and get $50 reward for free using this code: berj5f5qb4.

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Binance Exchange: Everything you need to Know

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Everything you need to Know

Binance is a cryptocurrency exchange that provides a platform for trading cryptocurrency with over 200 cryptocurrencies coins and 30 fiat currencies supported for deposit and withdrawal. In this review, I’ll cover the main things you need to know before signing up.

Binance Review Summary

Binance is a cryptocurrency exchange with a trading platform for cryptocurrency.

The exchange offers one of the most competitive rates around the world. If you are looking to trade cryptocurrency, binance is probably the easiest, fastest and cheapest exchange.

Binance Overview

Binance exchange is one of the popular cryptocurrency exchanges with fiat support that offers trading in more than 200 coins including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), and Binance coin (BNB). It is an exchange where users can trade cryptocurrencies. They support many of the most traded cryptos.

Binance was founded by Changpeng Zhao, a developer in July 2017. The exchange was started in China, but moved their headquarters to Malta.

The word Binance is a combination of the word “Binary” and “Finance”.

Binance aims to improve the future of crypto finance.

It has its own token currency, called Binance Coin (BNB).

Binance exchange is known for crypto-to-crypto trading. The exchange offers two different types of trading platform, a classic and an advanced trading platform.

The classic platform is for a crypto beginners trader, while the advanced trading platform is for the advanced crypto trader. It features a detailed chart with various technical indicators which can be overlaid over the chart.

Binance is ranked among the top 10 crypto exchanges in the world based on traffic, liquidity, and trading volumes on Coinmarketcap.com

The exchange has gained immense popularity with its low transaction fees.

Binance Service

Binance is the largest cryptocurrency exchange in terms of trading volume with over 200 cryptocurrencies traded. The exchange offers users the opportunity to trade a wide variety of digital assets. It is an ecosystem comprising various services such as Binance Exchange, Trust Wallet, Binance DEX, Launchpad, Binance Research, Academy, Binance Card, Lab, Binance Info, Jersey, and Binance Charity Foundation (BCF).

Exchange

Binance is a cryptocurrency exchange that offers users a platform to buy/sell cryptocurrency.

Binance focuses on all kinds of traders. It is a perfect place to start as a beginner and an advanced trader.

Binance Exchange: Everything you need to Know

The exchange offers services around trading, Listing, Fundraising, and Delisting of cryptocurrencies.

Binance currently supports three types of trade orders:

  1. Limit Order: A limit order is a type of order to buy/sell crypto at a given price. Limit orders are executed only at the limit price set by the trader.
  2. Market Order: A market order is an order to quickly buy/sell at the best available current market price. It is executed based on the limit order that was previously placed on the order book, market order, price, meaning that you have to pay fees as a market taker.
  3. Stop-Limit Order: A stop-limit order is a conditional trade over a set time frame that combines the features of stop with those of a limit order and is used to mitigate risk. The stop price is simply the price that triggers a limit order, and the limit price is the specific price of the limit order that was triggered. This means that once your stop price has been reached, your limit order will be immediately placed on the order book.

Binance also has two types of trading platforms:

  • Classic Trading Platform: The classic trading platform displays charts, trade history, and order books. The Classic is more simple and understandable for beginners or those who like simplicity. The dashboard still gives you all the needed options to perform a buy/sell trade.
  • Advanced Trading Platform: The advanced trading is similar to that of classic trading but with more sophisticated charting tools and advanced order type such as (stop-loss, and stop-limit).

Read Also:

How to Buy Bitcoin with Bundle on Binance p2p

5 Best Exchanges to Buy/Sell Bitcoin In Nigeria

Binance also runs a decentralized exchange (DEX) which follows a different operational logic from the centralized counterpart. Binance decentralized exchange was launched in march 2019 on Binance Chain, Using the Binance native token BNB as its currency. BNB was migrated from its ethereum ERC-20 token standard to a BEP-2 format on the binance chain.

Brave, the privacy-focused browser integrated a Binance Widget for in-browser trading. The widget allows users to buy and trade crypto through Binance, as well as view and manage their crypto portfolio.

Wallet

Trust wallet is the official cryptocurrency wallet of binance. It is a multi currency wallet that supports Bitcoin, and other cryptocurrencies.

Trust Wallet

Binance provide a wallet service to deposit your coins.

Binance exchange has acquired the popular Trust wallet which can be used to store ERC-20 and ERC-71 tokens along with other cryptocurrencies.

Launchpad

Binance Launchpad is an exclusive token launch platform of Binance that helps blockchain startups raise funds to develop products that want to drive cryptocurrency adoption.

The Binance Launchpad token launch platform that helps blockchain projects raise funds and increase their reach across the crypto ecosystem. Binance offers project tokens to more than 10 millions users.

Binance grants users the chance to be part of potentially game-changing projects.

Launchpad is more than a platform for offering tokens. It’s also a full advisory service for projects, which will benefit from their insight and experience. Binance ensures that the projects can focus their effort on where it matters: developing their project and increasing adoption.

Labs

Binance labs is a social impact fund established by binance. It is an initiative to incubate, empower blockchain, invest, cryptocurrency entrepreneurs, projects and communities.

Binance Lab

Their aim is to resolve the most important problem within the ecosystem in order to change the world for the better.

Binance is aiming to operate the program in different parts of the world with the aim of capturing Africa and Asia.

Academy

Binance academy is a non-profit blockchain education portal that offers quality, easy-to-understand content for cryptocurrency users and enthusiasts worldwide.

Binance Academy

Binance launched a free cryptocurrency education platform in 15 languages. Its aim is to provide an entirely neutral platform with quality, unbiased, educational information. Users can learn about everything to do with Blockchain, Economics, and Security, in addition to useful tutorials and guides.

Binance Card

Binance Card is a visa debit card that enables cardholders to directly spend Bitcoin (BTC) or Binance coin (BNB) on everyday purchases wherever Visa is accepted.

The Binance card does everything a regular payment card does. It works like a regular debit card issued by your bank. You simply top-up your card with funds through the Binance Card App in the form of Bitcoin or BNB, and you’re ready to go. You can use the card to buy gifts for loved ones, shop for groceries or pay for internet bills online. With the Binance Card, you can keep HODLing, and spend only what you need to make a payment.

Binance charge a $15 one time fee for the card. No monthly fees or maintenance fees. The Binance Card App allows you to manage your funds, card security, and spending with only a few taps. Once your new card arrives, you need to load it with funds. Just transfer Bitcoin or BNB from your binance.com wallet to the Binance Card wallet, and you’re ready to go.

Research

Binance Research is a platform that provides institutional-grade analysis and project reports. The research platform was launched to spread knowledge of blockchain to everyone. its aim to provide informative reports and blockchain projects.

Binance is to increase transparency and accuracy of information in the cryptocurrencies and blockchain space.

Binance Research cover the following key segments:

  • Introduction to the feature cryptocurrency
  • Key Metrics and Highlight
  • Recent News
  • Price and Volume Chart
  • Token sale and Economics
  • Road-map progress and updates
  • Team Overview
  • Trading Data
  • Technical code Overview
  • Product and Adoption Metrics
  • Community Data
  • Competitors Overview

Binance Research does not not provide reports on companies that issue securities or on securities generally; rather its report relates solely to digital assets that are not securities.

Currencies and Payment Method

Binance accepts crypto and fiat currencies. With a very large number of cryptocurrencies, binance supports several hundred of them. Binance has often been praised for its wide variety of support coins. Traders can use the platform for multiple digital currencies. All coins supported by the exchange can be deposited and withdrawn. Binance users can perform fiat-to-crypto trades. Buying cryptocurrencies with fiat via binance is relatively easy, too.

You can buy bitcoin and other cryptocurrencies via a bank card using 40 traditional currencies.

Available coins on binance to trade, deposit and withdraw are more than 200 including the major Altcoin and Bitcoin.

Fee and Charges

Cryptocurrency exchanges generally have different trading fees for market makers and market takers. Most exchanges usually only have deposit fees for fiat currencies, but there are a few of them that also charge you when making crypto deposits.

Deposit Fees

  • Free. There are no fees for deposits.

Trading Fees

  • If you are not using BNB (Binance Coin) to pay your trading fees, each trade will carry a standard fee of 0.1%.
  • Using BNB for transaction fees applies a discount to your trading fee. By default, if you hold BNB in your account, your trading fees will be automatically subtracted from your BNB balance.

Withdrawal Fees

  • Our withdrawal fees are dynamic and automatically adjust based on the status of the market.

Buying Limit

Binance buy limit structures are very simple. There are two levels of limit on Binance, regarding how much cryptocurrency funds can be withdrawn from an account.

  • Level 1 account holder can only withdraw maximum of 2 BTC per day
  • Level 2 account holders can withdraw up to 100 BTC per day. 

For you to withdraw 100 BTC, you must be a verified user. To verify level 2, you must fill out the know your customer (KYC) form and a proof of Identity document.

Supported Countries

Binance is a global exchange with the largest trading volume. Binance support most of the country except those countries that ban cryptocurrency in their country. 

Customer Support

Binance has a responsive customer service. It is completely multilingual with over 10 different languages.

Binance does not have customer support numbers, you can always reach them through their Telegram, Twitter, Support Portal, Live Chat Support or FAQ. Their customer service is open 24/7.

Privacy and Security

After the large scale security breach that happened on the binance exchange, binance vow to strengthen the privacy and security of the users and exchange. Hackers were able to crack down the binance exchange code and stole 7000 BTC. The CEO of Binance.com, Changpenz Zhao in a blog post wrote that Binance will make “significant changes to the API, 2FA, and Withdrawal validation areas. Changpenz believes the hacker uses Phishing, API, and 2FA to hack into a binance account.

How to Create API Key

Step 1 – Login to the binance account, click on API Management in the users drop-down box at the top right corner. After entering the API management page, set an API key (Give it a name), and click create. You will need to bind the secondary authentication before creating the API.

Step 2 – Fill in the “Google Authentication code” or “Sms Authentication code” to confirm API key.

Step 3 – The system will send a confirmation code to the registered email address for confirmation. Please click on the { Confirm create } button to confirm a new API key creation.

Step 4 – In the Email, click { Confirm Create }.

Step 5 – Store the Secret Key somewhere safe. It will not be shown again. Due to security reasons. Do not share this key with anyone. If you forget or lose the key, you need to delete the API and re-create a new one.

How to Enable Google Authenticator (2FA)

Step 1 – Login to the binance account, click on Security in the user drop-down box and click { On } or { Enable } in the Google Authentication Section.

Step 2 – Install Google Authentication. Download and Install the Google Authentication in App Store (for IOS) or Google Play Store ( for Android). After installation, click { Next } to continue.

Step 3 – Scan QR Code with your Google Authentication App or Enter the 16 Digit Key Manually Shown on the page. Open your google authentication app, click the symbol { + } on the top right-hand side to scan the QR code or manually enter the 2FA 16 digit key.

Step 4 – Save the backup key. Write down and save the 16 digit key, which can be used to re-bind your account in case you no longer have access to your previous Google Authentication.

Step 5 – Enable Google Authentication. Go to the Binance page, you will need to fill in your login password and the Google Authentication code.

Click here to “Create an Account” and Earn free  5% commission.

Conclusion

Binance is a cryptocurrency exchange that provides a platform for trading cryptocurrencies with over 200 cryptocurrencies and 30 fiat currencies for deposit and withdrawal.

Binance is the largest exchange in terms of trading volume. It offers two trading platforms for crypto trading, Classic { for beginners } and Advanced { for professional }.

Binance is the cheapest and easiest exchange to trade crypto. Trust wallet is the official crypto wallet of Binance.

If you are looking for a reliable, easy, cheapest, fast, and secure cryptocurrency platform to trade, buy/sell or invest, Binance is a place to go.

Note: Please be aware of phishing (scam) sites and always make sure you are visiting the official website of Binance when entering sensitive data: https://www.binance.com

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5 Best Exchanges to Buy/Sell Bitcoin In Nigeria

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5 Best Bitcoin Exchanges To Buy/Sell Bitcoin In Nigeria (2021)

We found the best cryptocurrency exchanges that support Nigerians to buy/sell or trade bitcoin in Nigeria including the most user friendly exchange, Binance. I this article, I will list out the 5 best bitcoin site in Nigeria that you can use to buy/sell or trade bitcoin.

After a careful research of bitcoin exchanges in Nigeria, here are the best bitcoin site you can use to buy/sell bitcoin in Nigeria in 2021.

They are reliable,secured, good reputation and user friendly.

Unlike a few years ago when it was difficult to buy/sell in Nigeria. Today bitcoin is popular and is used in so many countries including Nigeria.

According to Statista Global Nigeria is the most use bitcoin and other cryptocurrency country in terms of trading and buying.

Below are the list of the 5 best bitcoin exchanges to buy/sell bitcoin in Nigeria.

5 Best Bitcoin Exchanges In Nigeria to Buy/Sell Bitcoin

This 5 exchanges in Nigeria are exchange with a good reputation, secured and trusted by crypto users.

Binance

Binance is the largest cryptocurrency trading exchange in the world by trading volume with over 44000+ weekly visit.

The exchange introduce Nigeria naira in 2020 allowing Nigerians to buy and sell cryptos with naira through their bank or debit card.

The exchange also have a P2P marketplace for Nigeria to sell bitcoin directly to each other.

Binance was launched in 2017 after a successful ICO in 2017. The headquarters in located at Malta.

You can sell over 300 cryptos coins on the exchange.

The platform accepts users from around the world including Nigeria’s and has received favorable reviews from crypto communities. Binance is a secured and reputable exchange to rely on to trade cryptocurrency.

Paxful

Paxful is a P2P Bitcoin marketplace where buyers and sellers meet to transact bitcoin directly to each other.

The exchange was founded in the USA by Ray Youssef and Artur Schabadc in 2015.

There are multiple payment option to use to sell or buy bitcoin on the platform in Nigeria.

Some of the payment method include west union, PayPal, Direct Transfer, Money Gram, Perfect Money, Debit Card, Swift and Gift Card.

Most users on the platform sell bitcoin for Gift card, web money and Neteller.

Quidax

Quidax is a cryptocurrency exchange in Nigeria that allows crypto users to sell their cryptocurrency with their local currency.

You can sell bitcoin, Ethereum, Litecoin and Ripple.

Quidax is one of the oldest exchange in Nigeria. The exchange was launched in August 2018 by a Nigeria.

Quidax exchange allows you to sell bitcoin and other cryptocurrency instantly using its instant buy/sell features.

The cryptocurrency exchange support Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Tither (USDT), Binance (BNB), Litecoin (LTC), Dash coin (DASH), and Dogecoin (DOGE) .

Users are allow to buy/sell bitcoin in the exchange through it order book or p2p market direct.

BuyCoin

BuyCoin was (formely known as Bitkoin), is a p2p market that is located in lagos, Nigeria. The exchange market was launched for african’s who want to trade cryptocurrency online.

BuyCoin exchange platform allows crypto users to sell or buy cryptocurrencies with ease directly from their p2p market.

The exchange supports Bitcoin, Ethereum, Litecoin, USD coin, and Tither.

Block Vila

Blockvila (formerly known as NGexchanger) is a p2p and e-currency exchange in Nigeria for Nigerians and other African country. It is based in Port Harcourt, Nigeria.

Blockvila is a subsidary of an ICT company NYXEL INTEGRATED SERVICE.

Blockvila buy/sell directly to people through its p2p market and P2B platform.

Users are allow to set thier own price per coin for others to buy from them.

The exchange ensure users funds are secured and that settlement are made fast.

Users can stake their coin on the Blockvila platform and earn more VILA and Tither token as a reward for locking their token/coin. Coin are escrowed.

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Top Decentralized Exchanges to Trade Cryptocurrency

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Top Decentralized Exchanges To Trade With

Looking for the top decentralized exchanges to buy/sell or trade cryptocurrency? look no further. In this articles, I will list out the top decentralized exchanges you can trade cryptocurrency.

Whether you are new in crypto or you are expert, we all need where we can buy/sell or trade cryptocurrency securely. Checking on what has happened to most centralized exchanges so many are afraid to trade cryptocurrency. Exchanges like Binance and Kucoin are some of the successful cryptocurrency exchange in the world.

Centralized exchanges are good but not the best when it comes to safety. Take a look at what happened to centralized exchanges like cryptopia, mt.Gox and Bitfinex hack, where a lot of crypto users funds where stolen from the exchanges wallet.

Despite all, we are still using centralized exchanges because we don’t have many options. Binance, crypto.com, Kraken, Coinbase, Kucoin and others are called “centralized exchanges,” since one company operates them and reaps profit from operating them. What if you don’t want to trade on a centralized exchange? well their is decentralized exchanges or DEXs.

What is a decentralized exchange?

Decentralized exchange (DEXs) aim to tackle the problem of centralized exchanges by building peer-to-peer marketplace. DEXs exchange allow you trade or swap tokens with each other assets whenever you want without a third-party.

You don’t need approval from any government officials or any financial institution such as bank before you can buy/sell or trade crypto. You can trade crypto at anytime and anywhere provided you have internet and a DEXs wallet. A centralized exchange like crypto.com, for instance, act as custodian on your behalf. DEXs let you trade directly with other users, which means that assets token are under your control at all times.

Below are the list of the Top Decentralized Exchanges:

  1. Binance DEX
  2. PancakeSwap
  3. Uniswap
  4. Sushiswap
  5. 1inch Exchange
  6. Compound Finance

What are the top decentralized exchanges

Binance DEX

Top Decentralized Exchanges To Trade With

Binance DEX is an extension of the main Binance.com exchange and provides cryptocurrency traders with further options. The platform doesn’t store your private keys or any other sensitive data, which puts you fully in control of your crypto. The team at Binance have kept to their word and produced a decentralized version of their exchange as promised.

Binance DEX is a marketplace where users trade directly with each other, cutting out any middlemen in the process.

PancakeSwap

Top Decentralized Exchanges To Trade With

PancakeSwap is a decentralized exchange/Automated market maker (AMM) built on the binance smart chain (BSC) that allows users to exchange token, provide liquidity, staking and earn fees.

The exchange was launch on September 20, 2020 by an anonymous developer. PancakeSwap is similar to that of Sushiswap and Uniswap that was built on Ethereum blockchain. You can trade BEP-20 tokens or add liquidity and earn passive income by providing liquidity pools.

PancakeSwap allows you to farm its governance token-cake or other supported BEP-20 token on the exchange.

You can also earn other tokens aside from cake when you stake in syrup pools.

Uniswap Exchange

Decentralized Exchanges

Uniswap is a decentralized (DEXs) that makes it easy for users to swap an ERC-20 token without the need of a middleman. Unlike most exchanges, which are designed to take fees, Uniswap is designed to function as a tool to trade tokens without platform fees and centralized intermediary. With a DEXs, traders do not have to deposit their tokens on an exchange

Users just need an DEXs wallet like Safepal or Math wallet and they can immediately start swapping tokens. You can connect your crypto wallet to Uniswap.

Sushiswap

SushiSwap is an Ethereum-based exchange and automated market maker built on Ethereum that lets you swap a vast array of tokens, as well as engage in other finance services.

The exchange platform launch in September 2020 as a fork of Uniswap, the AMM which has gotten inseparable from the decentralized money (DeFi) development and related exchanging blast DeFi tokens. The Ethereum-based cryptographic money trade, Sushiswap had its spot in DeFi forcibly, taking the spotlight from Uniswap sufficiently long to make what is by all accounts an enduring spot for itself in DeFi. Holders of SUSHI can take part in local area administration and stake their tokens to receive a portion of SushiSwap’s transaction fees.

The SUSHI token can be farmed by participating in the yield farming program.

The SUSHI token may also be staked across various platforms such as Sushi’s very own, SushiBar, or can be used as collateral on platforms such as Sushi’s Yearn ecosystem partner, Aave. Sushiswap takes a 0.3% cut from exchanges happening in its liquidity pools, while its SUSHI token is utilized to compensate clients parts of those charges. SUSHI additionally qualifies clients for administration rights.

SUSHI is currently considered as one of the top level DeFi token in the business. In case you are hoping to purchase or sell SUSHI tokens, you will find it in many exchanges in the market. If you have an account on a centralized exchange, you can purchase SUSHI from Coinbase, Binance, and FTX. For decentralized trade choice, you can exchange SUSHI on Sushiswap, Uniswap, and 1inch.

1inch Exchange

Decentralized Exchanges

1inch is a decentralized exchange (DEX) and aggregator that help users with finding the best exchange costs for tokens. The exchange connect a large numbers of decentralized and centralized platform, like Binance, Crypto.com, Kucoin, etc. in order to find the lowest cryptocurrency prices for traders. Rather than trading tokens from a single liquidity pool of a DEX, 1inch will divides orders between numerous other DEXs and private liquidity suppliers to track down the most ideal trade rates.

Compound Finance

Compound finance is where you can loan or borrow digital currencies. All you need is an Ethereum wallet, a few assets, and you can borrow or earn interest immediately. You could consider it an open marketplace for money. It allows users to store digital forms of money and earn interest, or get other crypto assets against them. Compound finance uses smart contracts that automate the storage and management of the capital being added to the platform.. The financing costs paid and got by borrowers and moneylenders are controlled by the market interest of each crypto assets. Financing costs are produced with each blocked mined. Credits can be repaid and locked assets can be removed whenever.

Any user can connect to Compound and earn interest using a Web 3.0 wallet, such as Metamask. Compound focuses on allowing borrowers to take out loans and lenders to provide loans by locking their crypto assets into the protocol.

Why are decentralized trading platforms so important?

Decentralized exchanges (DEX) are a type of cryptocurrency exchange which allows for direct peer-to-peer cryptocurrency transactions to take place online securely and without the need for an middlemen. Since the early days of Bitcoin, crypto exchanges were always centralized. Those who remember the early days of Mt. Gox, a cryptocurrency exchange which no longer exists. It was hacked twice in 2011 and 2014, resulting in more than 750,000 Bitcoins being lost.

Decentralized exchanges have revived a fire that was for some time neglected. They bring power to the investor by treating him as the sole owner and operator of his assets. No one else has a say, and neither can anyone restrict the investor’s capital – freezing assets or delaying someone’s transfer is impossible, as it should be. Ownership is strictly defined, and any actions taken are processed by smart contracts and commanded by the user.

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