BuyCoins teases instant Cryptocurrency exchange for Nigeria, Launches in Beta

by | Feb 14, 2018

This article is a Brand Press post. Brand Press is a paid service for brands that want to reach Techpoint Africa’s audience directly. Techpoint Africa’s editorial team doesn’t write Brand Press content. To promote your brand via Brand Press, please email business@techpoint.africa

Digital currencies have continued to be popular in 2018. With many ‘altcoins’ as they are popularly called launching for several services and integrating with current financial systems, cryptocurrency is here to stay. Altcoins like Ethereum and Litecoin have been successful at fixing some of Bitcoin’s underlying problems and have become scalable and trustworthy as a medium to transfer money.

There’s another reason cryptocurrency is popular. The price of some cryptocurrencies has seen a more than 10,000% increase in just one year. For those who bought at the right time, it is a massive investment gain that no other investment medium can replicate. Bitcoin, Ethereum, and Litecoin have a combined market capitalisation of over $200 billion – larger than some of the world’s biggest companies.

Bitkoin Africa has launched BuyCoins – a new platform that makes it even easier to buy and sell cryptocurrency in Nigeria. Coming off the success of Bitkoin, they have expanded to a simpler app and will support multiple cryptocurrency. Currently, the platform supports Litecoin, Ethereum, Bitcoin Cash and Bitcoin trades but will support more altcoins in the future.

Solving the problem with Buying Bitcoin Cash, Litecoin and Ethererum in Nigeria

At the moment, many Nigerians interested in cryptocurrency have to buy Bitcoin, transfer it to a foreign exchange, before they can purchase altcoins such as Ethereum and Litecoin. BuyCoins will support all those transactions under one platform.

It also takes the hassle out of exchange pricing for crypto newbies and facilitates instant buying and selling. Crypto traders on exchanges typically have to set a price to sell and hope that another buyer will purchase at that price. Like every good cryptocurrency trader knows, the secret is to buy and sell at the right time.

BuyCoins is in Beta

BuyCoins is currently in Beta and is only accessible via a unique waitlist. To move up the waitlist, users have to sign up on the site and invite as many people as possible. We have however been provided with screenshots of how the service will look upon public launch. It looks really good and just like Bitkoin Africa, we expect the exchange to be stellar.

Dashboard

In a statement, Bitkoin Africa said “Like we promised last year, we are expanding to support other cryptocurrencies. We studied the Nigerian cryptocurrency market and decided to support Litecoin and Ethereum first. We’re launching BuyCoins in Beta and will open it to the public soon”

Disclaimer: The author and Bitkoin Africa do not take any responsibility for the trading of and the volatility of cryptocurrencies or any other investment vehicles.

This Brand Press article wasn't written by Techpoint Africa’s editorial team. To promote your brand via Brand Press, please email business@techpoint.africa.

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments

More Brand Press

Subscribe to Crypto Explorer

A monthly series featuring in-depth analysis on the cryptocurrency sector in Africa

Please check your email to confirm your subscription.

Subscribe to The Experts

A bi-weekly where tech career specialists take us on their journey from newbie to expert, and how they became successful in the industry.

Please check your email to confirm your subscription.

Subscribe to Founder's Table

A monthly series, where we catch up with founders in the startup ecosystem, learn about their failures, successes and a few tricks of the trade

Please check your email to confirm your subscription.

Copy link
Powered by Social Snap