Review on Naijacrypto by Stephen Toluwani
NaijaCrypto, my most recommended exchange for Africans
Following the ban on cryptocurrencies related activities between banks and exchanges in my country Nigeria, things inadvertently became hard. Making deposit was immediately put to a stop while withdrawals were allowed for two days before also going offline. This really made things hard for me being mostly reliant on cryptocurrencies to pay my bills. In an accord to find other available methods of converting cryptocurrencies to fiat, I started looking out for other options on which I got scammed more on Telegram groups claiming to offer P2P kind of service. After that, I had to try out Binance P2P which honestly, isn't much of a safe option. I then started making my own P2P transactions with people I meet face-to-face but with needs for a larger amount of money, I still had needs for an exchange to supply me my needed cash.
This was what brought me to NaijaCrypto exchange, I got introduced to by a friend who actually, hasn't tried the exchange yet but wanted me to so I can give my testimony of their reliability. Despite doing a lot of research on the exchange and it's owners, I was still skeptical about using the platform. After a lot of investigation and interaction with people of its community on Telegram, I gave it a go and within 2 hours or less, I got my withdrawals credited. Using P2P method of deposit and withdrawals, the NaijaCrypto exchange is said to still be very well functioning in the country.
Surprisingly, this Exchange goes beyond my initial assessment of a Nigerian Exchange as they also offered options like futures trading and staking. The pairs available for trading are very large as compared to its contemporaries or fellow exchange in the country. There is a lot of coins the exchange has for trading and holding. The exchange even has low trade fees and withdrawal commissions. The NaijaCrypto exchange has now become my most preferred exchange of use in the country, I highly recommend it as it stands as a competition to other world-wide known exchange by providing almost the same services as NaijaCrypto offers. With global expansion in mind by providing services in not just Nigeria but also as far as Kenya, this exchange will surely stand the test of time.
Pros
- NaijaCrypto is a reliable Exchange platform that is duly registered with the CAC in it's host country Nigeria
- There is support for quite a number of Crypto and fiat pairs
- Low withdrawal costs are associated with the NaijaCrypto exchange
- Staking and futures trading are made available on this Exchange
- Mobile application is user friendly
- KYC is not made compulsory for using the exchange and limits for non-verified accounts are high
- Active Telegram community group
Cons
- Navigation of trading pairs, buy and sell options and deposit and withdrawal coins can be kind of hectic as you will have to change and change over and over again
- The User interface of the exchange needs to be worked upon
