Over the past seven years, crypto has gone through a boom, a bust, a scary vulnerability, and a steady rise in fame. During this time, many cryptocurrency exchanges like Bitmama, Remitano, NairaEx, Roqqu, and others have started up to help the industry grow.
Cryptocurrency platforms, which help people move tokens from one person to another, are without a doubt one of the most important parts of the crypto industry, but some have had to give up because of the market’s volatility. You can’t ignore how they affect the use of cryptocurrencies in some countries.
Consumer purchases are made easier by cryptocurrency exchanges. These exchanges look nice, make transactions quick and cheap, and have easy-to-use interfaces to meet clients’ wants for convenience.
Customer benefits from keynote signals, trade recommendations, and bitcoin market trends are substantial. For digital goods, crypto exchanges are like banks.
We researched NairaEx and Remitano, two leading cryptocurrency exchanges.
Read also: Nigerian crypto startup Breet partners with comedian Nasty Blaq
NairaEx
Since it was first introduced in 2015, it has become a well-known name in Nigeria’s cryptocurrency scene. It has services for exchanging Bitcoin that come with rewards. Transfers and regular payments are used. To stand out from its rivals, the company made a great and unique savings calculator for investors based on projections of coin value.
Users can start trading as soon as they sign up. Like other cryptocurrency exchanges, NariaEx has a small fee for each trade. Most of the time, the rate on the website doesn’t match the real-time transfer to fiat currencies.
Liquidity transfer is rapidly increasing. The platform is based on the web. The problem is that there is no mobile app. It has handled a lot of trades and shown that it can be trusted. Cyberattacks can’t do much damage to the site.
This site lets people buy bitcoins and other digital assets with bank cards. Perfect for people who have never traded bitcoins before.
Because it comes from Nigeria, it makes it easier to trade crypto-Naira. Customers who tell their friends about the site get bonuses.
NairaEx lacks a variety of investments. It is only available in Nigeria. NairaEx seems to be well-established in Nigeria, while some of its competitors have spread to other African countries and even outside of Africa. It only helps people in Nigeria. The price is set. The fee will not go down unless the market changes.
To sign up for NairaEx
Step 1:Log into nairaex.com and click Sign Up
Step 2:Enter your name, email, and password and click on the ‘Sign Up’ button.
Step 3:Search for the NairaEx email in your account and click on the link to confirm your registration.
Remitano
Remitano is a digital crypto platform that came out in 2016 and lets people trade cryptos through a peer-to-peer community with escrow. One of its best features is that it gives investors a safe place to join across the network.
Remitano has an NFT application called NFT5 on Launchpad on the BSC (Binance Smart Chain).
Customers can win Remitano Network Blockchain’s native cryptocurrency, RENEC, through platform giveaways. It allows two-time crypto investments. Remitano serves many countries, unlike NairaEx. Nigeria, Pakistan, Singapore, South Africa, Venezuela, Vietnam, Ghana, and India endorse it.
Remitano supports the deposit, withdrawal, and swaps of Avalanche (AVAX), Axie Infinity (ASX), Bitcoin (BTC), bitcoin cash (BCH), Binance Coin (BNB), Cardano (ADA), Chainlink (LINK), Dogecoin (DOGE), EOS (EOS), Ethereum (ETH), Ethereum Classic (ETC), Fantom (FTM), KardiaChain (KAI), Litecoin (LTC), NEAR Protocol (NEAR), Polkadot (DOT), Polygon (MATIC), Ripple (XRP), Shiba Inu (SHIB), Solana (SOL), Stellar Lumen (XLM), Tether (USDT), Tezos (XTZ), Tron (TRX), and Uniswap (UNI).
The Remitano blog talks about new changes and terms in cryptocurrency to keep clients up-to-date. Remitano has a Play Store app, while NairaEx does not.
Its customer service is available 24 hours a day. Remitano’s weaknesses include the hiccups that could be encountered when using the app and the absence of a demo account, which would have helped beginners learn and practicalize the nuances of trading.
Remitano sends a secure login link via email as opposed to an email and password login. So, email accounts can be kept safe without having to remember passwords or share them.
It is safer to use a password-less method because hackers can still request a new password for the third party’s account if they gain access to your email.
To sign up on Remitano
Step 1: Click LOG IN or “REGISTER.”
Step 2: Fill in your email in the box as shown below and click “Continue.”
Step 3: An email from Remitano will be sent to your mail account. Open it and click “Log me into Remitano.”
Step 4: Fill in your username and click “Continue.”
Then, the registration process is completed, and you can trade. However, you should update your account information to enjoy more features. (Settings -> Profile and update your information.)
NairaEx vs Remitano
These two cryptocurrency exchanges are excellent for the services they provide. Since its services are made for Nigerians, NairaEx might be the best for Nigerians who want to trade and save money.
But Remitano is more popular around the world and seems more advanced based on the number of cryptocurrencies it supports and the other features it has. Remitano is better than NairaEx, but the choice is up to you as a customer.