Review on Bundle by Inioluwa Okedeji
Bundle: A Cryptocurrency Exchange Developed For Africans.
Firstly, I would like to state that Bundle is a cryptocurrency exchange developed for Africans though it is mostly used in Nigeria and few other West African countries, and since I happen to be a Nigerian which is among the range of African countries that uses it the most, my view on this exchange might be very different from a non-Nigerian or a non-African person.
I have the bundle exchange app on my mobile phone which I downloaded on Google play store since I use an android device, as for iOS users, you can get it on the apple store. But I haven't been able to fully utilize or use it because to perform any transaction on the exchange you need to have completed KYC verification just like most other popular cryptocurrency exchange like Binance and others, or so I believed.
Although in my recent research, I discovered that the origin of the Bundle exchange can be traced back to the Binance exchange itself which made me more curious to know how that happened. It was then found out that Binance actually introduced Bundle as a local exchange and wallet that will allow the easy conversion of African fiat currencies into cryptocurrencies and vice-versa.
Furthering my research, I recently discovered that I had gotten it all wrong and that KYC verification is not actually compulsory before being able to perform transactions on the exchange. This made me distraught with myself for not getting to know earlier, but since I've discovered it is not mandatory, I can't wait to start using it for converting my cryptocurrency assets into fiat (the Naira in my own case) and other cryptocurrency transactions.
All that I've mentioned above doesn't really describe me using the bundle exchange but I know about its uses and advantages from close aquaintances and my researches which is what made me download the Bundle app in the first place but then I misconstrued the fact that KYC verification was mandatory which delayed my usage of the exchange. Now that I've discovered that I was wrong, there's nothing stopping me from using it now.
One thing I won't fail to mention is the fact that even though Bundle was developed for Africans, not all African countries are using it. This might be because not all African fiat currencies are supported on the exchange, which I presume to be might also be as a result of the African government not in support or should I say not in full support of cryptocurrencies. I can only hope that this changes in the nearest future because cryptocurrency is the future of finance.
Pros
- Bundle has a very attractive user interface and it is simple and very easy to use.
- Trading fees and withdrawal fees are minimal and affordable.
- Bundle is available for both Android and iOS devices.
- I also discovered that Bundle features a vault section where users can lock a certain amount of BUSD according to the convenient plan chosen, which then allow users to earn from the interests that the locked up amount accrues.
- Conversion digital assets into African fiat currencies are fast and instantaneous.
Cons
- Bundle exchange token, BXD is currently not tradable.
- Not all African fiat currencies are supported on the exchange even though it is meant to be for all Africans.
