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Review on Naijacrypto by Joseph Bello

Revainrating 4 out of 5

NAIJA CRYPTO AN INDIGENOUS EXCHANGE FOR ALL NIGERIANS

Naija crypto is a licensed online virtual currency market where virtual asset holders can trade their assets. This exchange came all the way from Nigeria , presently Nigeria is second largest trader of Bitcoin in terms of its trading volume and with the emergence of an indigenous crypto currency exchange from the country, Nigeria is set to make an outstanding record in the crypto sphere.
Their registration was quick,with a confirmation e-mail to verify my account and after that I completed my KYC to be able to make withdrawals on the exchange, they accept both flats and crypto currency for deposits but because of the recent ban on crypto currency in Nigeria all trades with flats has been suspended so you will have no other option but to trade with cryptos on your wallet. The exchange has a few good number of coins for traders but the exchange isn't that liquid and the withdrawal process took me almost 5 goodhours .
Their trading view was okay including their graphic design which was far better than that of some foreign exchange. I joined their telegram group where I got updates about the exchange, this has helped me to understand the exchange and also to ask question from the Admin and other members when ever I'm puzzled. The exchange has nearly all the feature I have been seeing in other foreign exchange like the 2 factor authentication, cold storage wallet, KYC enrollment and more. 
In a moment of candor the exchange really needs to work on its liquidity, numbers of coins ,and transaction speed. I'm optimistic that if they improve on their service it will be more attractive and welcoming for Nigerian traders since their fees are very low,and with this the exchange can become more popular .



Pros
  • Low flat fees for traders
  • Low withdrawal fee
  • A very good user interface
  • Top notch security interface
  • It is licensed
Cons
  • Low liquidity
  • The exchange is not very popular even in Nigeria
  • Slow transaction process
  • Delay in withdrawals
  • Little range of crypto currencies are available