Another day, another new project review. This time I will be reviewing the buycoins Africa cryptocurrency exchange platform, over the past years since the introduction of cryptocurrency investment in Nigeria. Many exchange platforms have come to air with about 50% of them being fraudulent while the other 50% being wonderful but several rip people off with high exchange fees.
And buycoins Africa has surfaced to put an end to this high exchange fees other platform rip people of with.
But wait! Is buycoins africa worth given a shot at? Well let’s see below shall we?.
WHAT IS BUYCOINS AFRICA?
BuyCoins is a Cryptocurrency platform that is made for Nigerians for the soul purpose of crypto currency exchange. Its head office is located in Lagos, Nigeria, and is proudly owned by mr Timi Ajiboye and his team of expert Developers.
Buycoins Was launched and operated as a beta software in earlier 2017 and was previously known as Bitkoin Africa.
This project grew stronger ever since they moved from the beta program with the help of their reward program, which beta users where paid N1,000 for referring new members into the program.
Three years down the line, and today Buycoins is doing quite well in the bitcoin exchange world.
We have popular platforms like
Localbitcoins (peer to peer)
Paxful (peer to peer)
Luno Coins (direct)
So can buycoins Africa compete with them? Well let’s see below
FEATURES AND BENEFITS OF BUYCOINS AFRICA
Here, I will be discussing why buycoins Africa might be worth your trial.
+Buycoins Encourages a Very Strong Security
+ Instant Trade of Cryptocurrencies
+Supports Multiple Coins
+Livechat quick support
+ Instant Withdraw/Deposit
+ Notifications/Transactions Alerts
PRODUCTS AND SERVICES FROM BUYCOINS AFRICA
After successful registration with Buycoins Africa , the following products will be available to be made use of as an approved user.
Buycoins executives has worked and put in there expertise to develop a wonderful responsive mobile application that can be used buy a non techy person. for trade processing and more.
The buycoins app comes with an extra security layer allowing you to protect your funds by integrating fingerprint security options.
With the Buycoins Mobile App, you can perform all the tasks that are done on the web
Multiple Wallets; After successful registration with buycoins africa; you are entitled to over five differernt cryptocurrency wallets, which allows you receive and also send in different cryptocurrencies including Nigerian Naira.
P2P Exchange; P2P exchange also known as peer to peer exchange is the exchange between two users of a program. Therefore buycoins Africa gives its users the option to trade bitcoins successfully without getting scammed. The Peer2Peer Exchange works in such a way that all transactions are escrowed automatically and not the seller, or the buyer has issues with a third-party escrow.
“Escrow simply means the involvement of a trusted third party for trade processment and approval.
CoinLocks NGNT; buycoin africaCoinlocks NGNT is a buycoins africa bonus project that allows you invest and earn interest within a time range. You can lock in the desired amount in the coinlocks NGNT and withdraw it when it has accrued enough interest.
HOW TO TRADE WITH BUYCOINS P2P EXCHANGE PRODUCT.
Firstly, it depends on your trade option either you are buying or selling cryptocurrency, don’t worry you will still take same steps for the both options.
how to sell with buycoins p2p exchange product.
Tip 1: to sell bitcoins on Buycoins Africa, you must have balance in your bitcoin wallet account available to trade.
Tip 2: login to your Buycoins account and navigate to Trade P2P.
Tip 3: Click on Find Trade Ads and choose a buyer to sell your bitcoins.
Price can be adjusted to see who is available to buy the quantity you have in your wallet.
Also, each seller has a limit to how much bitcoins they can sell, if you are unable to trade with a seller when the trade button doesn’t appear. Choose another buyer from the list.
Buying Bitcoins On BuyCoins Africa
Tip1: To Buy Bitcoin on Buycoins Africa, you need to top up your NGNT account with more or the exact amount you want to trade
Tip2: navigate to the trading tab.
Tip3: Select a seller from the list and start trading.
If you can’t find someone to sell you the quantity you want, all you have to do is change the price range, and a seller will appear then go through with the appeared sellers.
BUYCOINS AFRICA SUPPORTED COUNTRIES
Buycoins is only available in Nigeria at the time of writing this article,and will be updated if any changes are made to the supported countries and I believe there expansion to other African countries is close.
But for now, they are available to Nigerians
BUYCOINS AFRICA SUPPORTED CURRENCIES
Buycoins supports four different crypto currencies at the moment, and more coins are expected to be added soon because they are gradually doing so.
These Are The Available Currencies Buycoins Africa Offer For Trading.
Buycoins Africa Supported Currencies are
All currencie aboves can be converted to the available Fiat currency, which is Naira. You can convert each of these coins by selling or saving them.
WHAT ARE THE SUPPORTED PAYMENT METHODS ON BUYCOINS AFRICA?
There are three-ways for adding money to your buycoins NGNT Wallet, and they are:
+Direct Bank Deposit (Using an Assigned Provided Account Number)
+Debit card Payment
The Payout Method is via the provided account that was linked by you during your KYC Verification process. All the requested withdrawals will be sent to that connected account.
BUYCOINS TRANSACTION FEES.
Almost all transactions being done with Buycoins Africa are free except for bitcoin exchange. Their fees vary.
COINS RF SF NAIRA
Bitcoin. Free. 0.000082 BTC. 293 Litecoin. Free. 0.000022 LTC. 0.39 Ether. Free. 0.0012 ETH. 112 USDC Free. 0.25 USDC. 97
Kindly note that the rates above are recorded during the time this article was written and may change at the time you are reading the article.
BUYCOINS AFRICA KYC VERIFICATION REQUIREMENTS.
The KYC Verification is required for you to upgrade your account and to be able to trade using the Peer to peer trade option. It also allows you to withdraw or trade any amount you want.
The requirements needed by Buycoins Africa include the following details.
Bank Account details
Mobile Phone Number
BVN Number or Valid Government issued ID card
With all the listed documents or requirements above, your account will be verified so you can make use of all the available features.
BUYCOINS AFRICA CUSTOMER SUPPORT
As a user of buycoins Africa I will be proud to say I haven’t encountered any customer care difficulties for now, so they have my thumbs up on that.
The live chat support has really given there user a more reliable customer care respond.
You can view their help center for more support details.
PROS OF USING BUYCOINS AFRICA.
+Good security system
+The app is available to use on the Go
+Fewer fees compared to other platforms
+It is easy to use web and Application
+One can receive and store unlimited funds.
CONS OF USING BUYCOINS AFRICA
+ available to only Nigerians
WHAT MAKES BUYCOINS AFRICA SPECIAL?
With BuyCoins, you can buy, sell, receive, send and store Bitcoin, Ethereum, Litecoin and USD Coin from the comfort of your mobile device via a there mobile app. You’ll be getting a secure wallet, zero extra fees when buying or selling cryptocurrency, instant settlements, and your favourite coins all in one place. It’s easy to use and setting up your account takes less than 3 minutes.
At BuyCoins, there goal is to provide a platform that serves our users’ needs – whether it is buying, selling, storing or transferring Bitcoin, Ethereum, Litecoin and USD Coin – as conveniently and quickly as possible. We’re passionate about safe, secure, easy, convenient and instant transactions. To ensure this, we provide secure wallets, adapt good payment method, and host user information on secure servers.
CONCLUSION ON BUYCOINS AFRICA REVIEW
I hope this post helped you enough to figure out if buycoins Africa is safe to use.
Your thoughts are recomended and that is why I have provided a comment section for you below to ask questions and also recommend me another platform that needs review like buycoins africa
I will personally love to get my hands on it. Also check buzzvova.com to get my free eBook on becoming a successful entrepreneur