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Top 5 peer-to-peer exchanges to buy Bitcoin

In this article, we focus on the top 5 peer-to-peer exchanges in the market right now.

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Exchanges come in many forms and types. If you have had any exposure to the world of cryptocurrencies, then chances are that you are familiar with exchanges. That being said, most of us are familiar with centralized exchanges (CEX). In this article, we will focus on the top 5 peer-to-peer exchanges in the market right now.

If you’re in Nigeria, check out the best way to buy bitcoin in Nigeria.

What is a p2p exchange?

As stated before, most of us are familiar with a regular exchange. Here the exchange acts as a middle-man, when a user sells or buys an asset it is doing it directly from the exchange. This is called the clearinghouse model, which is designed to eliminate counterparty risk by making sure both parties are fulfilling their duties.

On the other hand, in a p2p exchange assets are being bought directly from the other party. Users interact directly with each other, and the exchange offers escrow services that lock the funds until both parties agree to the exchange.

Source: Confidus Solutions

An example of this process, a person places an offer to sell ETH for USD in a p2p exchange. The exchange takes the asset and locks it in its escrow account. A buyer spots the offer and agrees to buy the amount of ETH listed. It sends USD to the account of the seller, and this informs the exchange that the money has arrived. The exchange releases the ETH to the buyer and either one pays a fee, or it is split between the two. It varies depending on the exchange.

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Most exchanges have a reputation system that tracks who are the users that have successfully implemented trades. It is important to be aware of these stats, and in the beginning, only trade with those users with a good score on the platform.

The best p2p exchanges can be ordered by many metrics. Such as reach, number of assets listed, daily volume, fee costs, etc. Many of these metrics also vary from place to place as the exchange rate in one country can have a bigger impact than in another. So, here are the best 5 p2p exchanges operating in the market right now.

Remitano

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Remitano is a peer-to-peer exchange that operates in over 50 countries. It first started in 2015 out of Singapore, so at least in the crypto world, the exchange has been operational for a while. It has half a decade of operations, and it is increasing its presence to regions outside Asia such as Africa and Latin America.

This exchange is currently the best to buy bitcoin in Nigeria.

The platform doesn’t charge any fees for assets deposited in their web wallet. It has been integrated with several FIAT currencies from countries on different continents and it is expanding its services all the time. It offers 24 hours of customer service and has one of the best security protocols of any exchange in operation.

Right now Remitano can be used to trade Bitcoin, Bitcoin Cash, Ether, Litecoin, Ripple, and USDT. Additionally, it has 10 other crypto assets open for investments such as ADA, Tron, Link, and others.

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Find out how to buy bitcoin in Nigeria on a p2p exchange.

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Airtm

Source: airtm

Airtm is a p2p exchange from Mexico founded in 2015. Due to this, it is very active in Latin America with most of its customer base located in this region. It not only supports cryptocurrencies but also local bank transfers, Steam cards, Amazon gift cards, cell phone credit, and other options depending on the country.

This robust offering of options makes it very versatile, but also unfocused. For some trading pairs like BCH to USD, the waiting times can be above an hour, since this market has little demand.

Finally, Airtm doesn’t support crypto exchanges directly from their web wallet. It is necessary to do it from a third party wallet, so this means you have to pay the fees of the Airtm platform, and the fees from your wallet.

LocalBitcoins

Source: localbitcoins

The granddaddy of crypto p2p exchanges, LocalBitcoins has been around since 2012. It has an impressive reach, and virtually it is accessible from any country in the world. The one downside is that it only supports Bitcoin. This means that a trader is limited to people in their country willing to buy or sell BTC in exchange for the local currency, hence the name.

The platform is one of the most used p2p exchanges in general and has become a household name for crypto users around the globe. It has a low fee structure, and it has an impressive average waiting time of 10 minutes. One of the fastest in the industry.

Hodl Hodl

Source: Hodl Hodl

A p2p exchange from Great Britain, Hodl Hodl was founded in 2018. The name makes reference to the type “Hodl” which first appeared in the Bitcoin forum in 2013. The term has become a meme in the crypto community and means to hold a crypto asset for a long period of time.

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Again, this is a market-place available only for BTC. But it has a unique distinction that it does not require any KYC to participate and the platform works globally in any region of the world.

LocalCoinSwap

Source: localcoinswap

A p2p exchange from Hong Kong, LocalCoinSwap was founded in 2015. This is a very diverse marketplace with more than 10 cryptocurrencies supported for trading. They focus on the big ones such as Bitcoin, Ethereum, USDC, and others.

They charge 1% for any completed transaction. Additionally, they have a withdrawal fee for Bitcoin of 0.001 BTC, and Dash of also 0.001 DASH. All Ethereum based tokens are non-custodial, so the platform doesn’t charge anything from these assets.

It has most of its customer base in Asia, but it is making pushes in Europe. Like the previous entry, it does not require any KYC to start trading on the platform.

So, there we have the 5 best p2p crypto exchanges in the market. There are many more offerings out there, but these 5 are among the most used and liquid at the moment. However, if you’re in Nigeria, click on the link to find out the best platform to buy bitcoin in Nigeria.

NM Partners represent articles published in paid partnerships with corporate organisations. They include press releases, targeted content, and other forms of corporate communications on behalf of our Paid Partners.

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Ikeja Electric bags Most Philanthropic Disco award

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Ikeja Electric signs pact with Onigbongbo Residents Association

Ikeja Electric Plc (IE), Nigeria’s biggest Electricity Distribution Company has been adjudged the 2020 Philanthropic Electricity Distribution Company of the Year, at an Award Ceremony organized by CSR Reporters, a specialized news publication with concentration on how organizations and well-meaning individuals are giving back to the society.

According to the organizers, the award was given in recognition of IE efforts to give back to the society in which it operates. The citation read that Ikeja Electric was selected because it demonstrated integrity and transparency while engaging in several corporate social responsibility interventions in 2020.

“As you may know, many other companies were also nominated and because of the high caliber of the nominees, the Selection Committee deliberated long hours and gave careful consideration to all of them. Ikeja Electric stood out as a leader who exemplifies dedication to CSR,” the organizers said.

While thanking the organizers for the recognition, IE’s Head of Corporate Communications Felix Ofulue reiterated the company’s commitment to continue giving back to host communities through its Personal-Corporate Social Responsibility (P-CSR) interventions.

According to him: “We will continue to intensify efforts to make meaningful in the lives of the people and the society. Our P-CSR platform enables the company and employees to carry out charitable activities aimed at making considerable impact on the different levels of the society. Under the P-CSR programme, we also have a Volunteer Scheme (EVS) which enables our employees to voluntarily contribute their time and resources towards the wellbeing of the communities in which we operate. These goodwill activities further corroborate our commitment to touching lives in the environment where the company operates. No doubt, this will further strengthen the trust and mutual relationship between the company and communities.”

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He also urged the CSR Reporters to increase awareness in CSR activities as it will encourage other companies to recognize and contribute immensely to the development of communities where they operate.

In the recent past, Ikeja Electric has been carry out sustainable CSR initiatives, aimed at enhancing the quality of lives, in the key areas of Youth Empowerment, Healy and Primary Education

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Here’s why Leadway Pensure PFA should manage your Retirement Savings Account

With several pension fund administrators to pick from, here are 4 reasons why Leadway Pensure PFA Limited should be your first choice.

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Retirement Savings Account (RSA) holders with Leadway Pensure have every reason to smile as the firm continues to deliver excellent customer service and more importantly, high yield on investments.

In October, for instance, all RSA funds across multiple investments in the company outperformed their stipulated benchmarks. RSA I had 32% annualized return against a 25% benchmark; RSA II returned 25% against a 23% benchmark; RSA III returned 20% against a 15% benchmark, and RSA IV returned 18% against a 9% benchmark. This is really impressive, especially during this time of economic uncertainties.

Interestingly, the National Pension Commission has just opened the transfer window for RSA holders to freely transfer from their existing PFA to another one.

This transfer between PFAs can only happen once a year and is designed to help RSA holders assert the right to choose a Pension Fund Administrator with excellent service delivery and great returns.

What this signals is that there is absolutely no reason to keep a fund manager that does not offer competitive returns or does not give you a wholesome pension experience.

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With several pension fund administrators to pick from, however, it could be daunting deciding on which administrator to go with. You need not be flustered!

Here are 4 reasons why Leadway Pensure PFA Limited should be your first choice.

  • Brand Heritage – Leadway Pensure is part of the Leadway Group, a strong brand that has led the non-banking financial sector for 50 years. You see? Track record is top notch! Beyond that, Leadway Pensure is one of the most capitalized PFA’s in Nigeria with an authorized share capital of N2.0 Billion and shareholder’s fund in excess of N4.0 Billion, unimpaired by losses.
  • Competitive Returns – Leadway Pensure has consistently delivered returns above the inflation rate, thereby preserving the wealth of its customers. If you care about the returns on your investments, then Leadway Pensure is the right place to be
  • Customer Service – Leadway Pensure has won the best PFA in customer service back to back. Talk about excellent service delivery? Simply unrivaled!
  • Accessibility – Online Enrolment Portal, Mobile App, Interactive SMS, Pensure Online (P-Online), SureCal (Pensure Calculator) are all platforms that give you transparent access to your funds and your manager.

With Leadway Pensure PFA, you are assured of returns on investment and value protection from economic downturn.

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Need we say more? Choose Leadway Pensure PFA – choose comfort and wealth!

Visit https://joinus.leadway-pensure.com/ to learn more about how to move your Retirement Savings Account to us.

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Visa report highlights ecommerce as key to unlocking merchant revenue growth during the festive season

According to the VCA report, most small businesses have taken bold steps to prepare for the seasonal sales activity that kicks-off with Black Friday.

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If small businesses can provide easy access to information, frictionless payments, a simple returns policy, and personalized shopping options, they are likely to have an immediate advantage in the marketplace.

This is according to Visa Consulting & Analytics (VCA) report titled Accelerating the shift to eCommerce, where 81% of customers indicated they are willing to pay more for a good customer experience.

“Small and Medium-sized Businesses (SMBs) that leverage eCommerce solutions; which provide excellent online shopping experience for consumers; have the opportunity to benefit from high spend periods like Black Friday and the coming festive season compared to businesses who have not mastered the importance of holistic back-end design of the customer journey,” says Kemi Okusanya, Vice President, Visa West Africa.

The move to increased online shopping comes on the back of most retailers driving their customers online due to different lockdown restrictions that affected in store foot traffic. Visa’s  Covid 19 Impact Tracker, released earlier this year showed that up to 68% of consumers were going to grocery stores less often. As the retail sector looks to driving recovery, the approach to periods like Black Friday has also evolved and further necessitated safer, better online payment experiences.

“The impact of a bad payment experience can be devastating. When a shopper abandons an online shopping cart due to checkout friction, the data shows that 67% end up leaving for a competitor or never complete the purchase anywhere, and 59% say they are less likely to shop with that same retailer again,” adds Okusanya.

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It’s encouraging that most small businesses (60%), according to the VCA report, have taken bold steps to prepare for the seasonal sales activity that kicks-off with Black Friday. The preparation includes changing their infrastructure and digitizing their business.

“The VCA report highlights how the payment experience is a critical touchpoint – a part of the customer journey, which requires special attention. Each time a potential customer reaches the checkout page, they have a moment to reflect on whether the effort needed to make the payment is equal to the value they get from their purchase.  To win prospective and repeat customers, SMBs need to have a digital presence during the discovery and evaluation stages of the customer shopping journey,” concludes Okusanya.

Digital payments provide a convenient and secure way to pay for customers. For businesses, they reduce the friction arising from handling money, limit customer queuing, grow their customer base as a result of enhanced experience and eventually improve sales and profitability. As online shopping becomes the norm for consumers and businesses continue on the road to economic recovery, digital payment and in particular frictionless e-commerce experiences, will become a competitive advantage for small businesses.

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About Visa Inc. 

Visa Inc. (NYSE: V) is the world’s leader in digital payments. Our mission is to connect the world through the most innovative, reliable and secure payment network – enabling individuals, businesses and economies to thrive. Our advanced global processing network, VisaNet, provides secure and reliable payments around the world, and is capable of handling more than 65,000 transaction messages a second. The company’s relentless focus on innovation is a catalyst for the rapid growth of connected commerce on any device, and a driving force behind the dream of a cashless future for everyone, everywhere. As the world moves from analog to digital, Visa is applying our brand, products, people, network and scale to reshape the future of commerce. For more information, visit About Visa, https://www.visa.com.ng/ and @VisaAfrica.

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