Review on Bundle by Japheth Ayuba
Bundle as an exchange goes beyond providing services related to trading alone. It's a recommendable exchange platform
Bundle is a recently launched Crypto exchange platform backed by Binance to bring cryptocurrencies to the fingertips of Africa. The exchange ease of making trades has been simplified using a simple but and sell order with no use or need for interacting with other traders via an order book. It's mobile application for Android has received a lot of support from the users because of its ease of doing business on the exchange. Using Bundle, it's like a whole new bank for cryptocurrencies and Fiat for me as I am able to use the platform for my every day needs in the financial sector. With a simple way of transferring cryptocurrencies and Fiat to fellow users of the application for free, it further increased the need for making use of Bundle. Also do they not just make this transfers free, but also the platform withdrawal fees are one of the lowest one could ever see. Take for example it's BNB coin withdrawal fee, is as low as 2 naira which is a fraction of a cent. A feature Bundle supports is it's fixed and flexible Vault for it's BUSD stablecoin which comes with interest of over 6% yearly.
With many major cryptocurrencies supported on Binance and volumes counting in millions of dollars weekly, Bundle has risen to become the number one spot for trading cryptocurrencies in Nigeria and beyond. The platform doesn't indicate of having any Insurance cover in case of a compromise of its crypto backing servers but being supported by Binance might mean it is under the control of Binance. It's a reputed exchange platform and is highly recommended.
Pros
- Bundle crypto exchange simplifies the ease of accessing cryptocurrencies for the African populace
- Bundle supports a User friendly interface that is easy to interact with
- The Bundle exchange platform supports many major cryptocurrencies for trading
- Has an earning section for fixed and flexible locking of it's major stablecoin BUSD with good varying interest rates
- There is support for users to easily transact Cryptocurrencies and Fiat with each other via the exchange with no fee involved
Cons
- There is no information as regards users funds safety in case of a compromise
