An overview of both exchange

Busha
Busha is a crypto exchange which began operating in Nigeria in 2019 before expanding its crypto operations to Kenya in 2023.

It has its headquarters in Lagos, Nigeria, and has gathered over 500,000 users on its exchange.

My first experience with the Busha app was not a pleasant one; however, it was resolved almost immediately. Downloading this app from the Play Store & signing up took some time, but after this was resolved, it was smooth sailing all the way.

While signing up, I was asked to create my password and choose my preferred username and avatar before logging in. After this, I logged in to my account, and I was automatically given a crypto wallet where I could trade and deposit my funds.

Just like every other Nigerian crypto exchange I have used in the past, Busha had a straightforward and user-friendly interface. (Degens would love this interface)

There were no options to use the app in multiple languages. The features on the platform are pretty straightforward, and anyone can easily navigate this exchange.

On the app’s home page are the options to buy and sell crypto, add cash to your voucher via peer to peer cash deposit, send & receive crypto, and earn crypto through staking your USDT OR USDC.
Note: Busha offers 8% APY (average percentage yield) whenever you save or stake your stablecoins on the platform.

Then, below, you can see the top movers in the crypto market in real time while accessing the trending news in crypto.

You should know that Busha has over 50 cryptocurrencies listed on its platform. You can easily buy and sell USDT, BTC, ETH and many other cryptocurrencies on the platform.

Users can buy crypto in Naira, Dollars, or Kenyan Shilling through its P2P feature. Users can also receive crypto by sharing their wallet address with the sender.

Below is the menu bar where you can see Busha’s main features. There, you have the “Explore” page, which is Busha’s home page & have spoken about earlier.

Next is the “Portfolio” Feature, which has all the cryptocurrencies on the exchange. You can click on any cryptocurrency of your choice and see how much it is in Naira and in real-time. You can buy the crypto on the spot, sell and even open orders.

Then, there is a “Yield” feature. This feature is a very lucrative feature on the exchange. Users can put their crypto to work by staking their stablecoins for an 8% per annum interest rate and daily interest on their savings.

Finally, under the “Spend” section, users can buy airtime data, & top up their betting wallets (over 35 betting wallets supported, including Bet9ja and 1Xbet).

Users can also buy shopping vouchers from favourite stores like SLOT, Shoprite, Spar, Healthplus and over 50 more. You also get a 5% discount when you buy any voucher.

This crypto exchange also provides good customer care services to its users. However, Its customer care is unavailable 24/7, but you can reach them via email, WhatsApp, or in-app.

Roqqu
Roqqu is a Nigerian crypto exchange which launched in 2019 and is headquartered in Lagos, Nigeria. It also has a presence in Ghana.

Within five years, Roqqu has gathered over 1.5 million users on its platform, with over 600,000 daily active users.

The platform is straightforward and user-friendly. After downloading the app from the Google app store, I went straight to sign up on the app. It was a seamless process.

Roqqu takes security very seriously, so I had to complete my KYC requirements, make a strong password, and choose my preferred username. After doing all this, I logged into my account, and I automatically had my crypto wallet where I could quickly deposit my funds.

This crypto exchange has a very simple user interface and allows users to use the app in multiple languages, including in local languages like Igbo, Yoruba & Hausa. Also, the features on the platform are not clustered together, and anyone can easily navigate this exchange.

On its home page, you can see all the cryptocurrencies listed. Roqqu has over 100 cryptocurrencies listed on its platform. Users can easily buy and sell USDT, BTC, ETH and many other cryptocurrencies on the platform.

Users can also buy crypto in multiple currencies like Naira, Dollars, Cedis, Pounds, and Euros via their credit card or through bank transfers.

You also get to see the top gainers and losers in the crypto market and the most traded coins.

Below is the menu button where you can click to see Roqqu’s main features. Within its Menu page, you have the:

“Trade” section. Here, you can see the buy crypto, Sell, and swap features.
Then, there is a “Fiat” section where you can deposit, withdraw, or transfer your fiat currencies.
The “Earn” section comes next, and with this, you can save your crypto for massive rewards thanks to its savings feature.

You can also win crypto rewards with its GameFi feature called Roqqu’n.

The last section on the menu page is the ”Web3'' section, where users can pay bills, get crypto loans, access the Roqqu hub and generate a payment link, which can help them receive money fast from anywhere in the world.

This is great if you have a business with customers around the world.

Roqqu also provides good customer care services to its users. Its customer care is unavailable 24/7; however, you can reach them via email, WhatsApp, or in-app.

You should also know that trading on Roqqu comes with minimal cost. To withdraw your crypto assets on the platform comes with a little charge, and this largely depends on how large the crypto amount is and where it will be sent.

Their strengths & weakness

Busha
Strengths

The mobile app is very functional and user-friendly.

Busha charges little to no transaction fees when trading on the exchange.

You can trade a wide range of cryptocurrencies with ease, including memecoins & altcoins.

Busha’s yield feature is excellent for traders who want to make passive income on their stablecoins by staking it.

You can buy airtime, data, shopping vouchers & fund your betting wallet on the app.

Weaknesses

You can only use the app in English.

Busha only supports three currencies, which are the Naira, KES, and USD. This makes it quite limited compared to Roqqu.

The exchange is only available in Nigeria & Kenya.

It has limited features compared to global exchanges like Bybit.

You can’t trade spots or derivatives on the app.

Roqqu
Strengths

The mobile app is very clean and user-friendly.

You can use the app in multiple languages.

You can send & receive money instantly in global currencies like pounds, euros and dollars apart from Naira & Cedis.

While trading on the app, the transaction fees are very low.

Roqqu is big on security, making it a highly secured crypto exchange.

You can trade a wide range of cryptocurrencies with ease, including memecoins & altcoins.

The Roqqu savings feature is one of the best tools to make money while saving your crypto.

You can pay utility bills, take crypto loans, and receive payment for your business instantly.

You can buy crypto via your credit card or through bank transfers.

Weaknesses

Although it supports multiple languages, it is only available in Nigeria & Ghana.

It has limited features compared to global exchanges like Bybit.

You can’t trade spots or derivatives on the app.

My opinion
Busha is a good platform for trading, especially for beginners. Its features are similar to that of a digital bank’s features. I guess that is what the creators were aiming for.

On the other hand, Roqqu has more features, which is not only great for traders but also for business owners and freelancers who receive their payment in crypto

Overall, both exchanges were created to meet the trading needs of Nigerian crypto traders, but they lack advanced features like Margin trading, futures trading, spot trading, etc.

Including these features will make them compete at the same level as global crypto exchanges like Binance & Bybit.

So, if you want a simple crypto exchange with less complicated features, you can go with Roqqu. But if you are looking for a simpler exchange that you can use to buy vouchers and fund your betting wallet via crypto, you should go for Busha.

Thanks for sharing! But both are good for crypto trading.

Paxful Vs Roqqu

Since the launch of the first cryptocurrency 'Bitcoin' in January 2009, cryptocurrency and exchange platforms have become such a rave that we speculate that its market value will be USD 34.5billion between 2023 and 2028

Today, the industry's immense growth has produced over 200+ cryptocurrency tokens and crypto exchange wallets, such as Roqqu, Paxful, Coinbase, etc., which people use to trade and store digital assets.
Since there are many great exchange wallets today, it takes time for beginners to choose which one to use. This article highlights two great platforms to make it easy to select which one suits you best.

About Paxful

Paxful is a peer-to-peer (P2P) crypto exchange wallet where you can exchange Bitcoin, Ethereum, and other crypto tokens. It is a user-friendly exchange wallet co-founded by Ray Youssef and Artur Schaback in 2015.

Paxful is one of the best options for P2P trading. Since its founding, it had over 6 million users and $5 billion in traded assets. However, Paxful supports a limited amount of cryptocurrency, making it not the most suitable choice for investors looking for a wider range of crypto.
The platform is safe and regulated by the United States as a Money Service Business. It offers over 350+ unique payment methods unavailable in other exchange apps. To protect users' digital assets, customers must pass the Know Your Customer (KYC) process before using the Paxful app.

About Roqqu

Roqqu is a crypto exchange wallet that enables the sending, receiving, and storage of cryptocurrencies anywhere in the world. Uchenna Nnodim founded Roqqu in 2019, and it currently has an easy-to-use mobile app available to everyone.

Roqqu is one of the leading African Blockchain technologies. It has over 1.6 million users and over $1 billion in traded assets. Roqqu offers 121+ cryptocurrencies at your fingertips.
Its headquarters are in Nigeria, but its registration and license are in Lithuania. It uses the latest advanced technologies, keeping all digital assets safe with top-tier end-to-end encryption.

Paxful Features

Paxful and Roqqu are both crypto exchange wallets offering similar features. However, even with similar features, there are still slight differences.

Paxful Customer Service

Paxful offers 24/7 customer service, with Emails being the major point of contact. However, you can also reach out on social media and live chat on their platforms to report issues. While there are different lines of contact, Paxful is unlikely to respond to complaints properly, except in emails.

P2P trading

Paxful allows its users to perform P2P (Peer-to-Peer) trading, a feature that helps them to purchase and sell assets directly. P2P is essential for users who may not trust third parties and wish to transact directly.

Mobile App

Paxful has a mobile app that allows users to use their services on the go. Its simple and friendly interface makes navigating the system easy for beginners.
On the mobile app, you can purchase crypto using several payment methods, like credit and debit cards, online wallets, bank transfers, and more.

Roqqu Features

Some Roqqu features correspond to Paxful features that customers usually need. They include the following.

Roqqu Customer Service

There are several ways to contact Roqqu for customer care, including the Play Store, Email, WhatsApp, live chat, etc. Something striking about their customer service is their eagerness to answer clients' questions.
Regardless of having more numerous customer support platforms, Roqqu's customer support attends to complaints faster than Paxful.
P2P trading
Like Paxful, Roqqu offers a peer-to-peer trading platform allowing users to trade their crypto directly.

Mobile App

Roqqu has a free mobile app with a friendly interface for clients to perform several transactions with minimal fees. Roqqu is well known for its Bitcoin transactions and is a great place to start with managing your crypto.
In the past, there were complaints about hitches when using the mobile app. However, most issues have been resolved recently, and clients are back to performing seamless transactions with the app.

Pros of Using Paxful

1. Paxful offers an Escrow service in its peer-to-peer trading. Escrow services, which serve as an intermediary between the buyer and the seller, make P2P safer.
With the escrow service, crypto bought or sold isn't accessible to either party until both parties confirm the transaction is successful. When one party claims it is unsuccessful, Paxful reviews the transaction and reverses the funds instantly if it was unsuccessful.
2. Paxful allows various payment methods like bank transfers, PayPal, Amazon gift cards, Skrill, iTunes gift cards, and 300+ more.

Cons of Using Paxful

1. Paxful supports a limited amount of cryptocurrency. There are over 200+ crypto coins and tokens today, but Paxful supports only four. This means that a wide variety of crypto, like Solana and Dogecoin, needs to be listed and can't be found there.
2. Paxful is very vulnerable to hacking. Like most crypto exchange wallets that utilize the hot wallet to store crypto assets, it is at higher risk of online attacks that could result in the loss of your assets.
3. There are few means to contact Paxful customer support. Although customer support is active 24/7, in a crisis that needs urgent attention, users might experience delays in response.

Pros of Using Roqqu

1. Roqqu allows you to swap currencies instantly. With Roqqu, you can swap all supported currencies for others within seconds. This feature is better suited to heavy investors because Roqqu supports several cryptocurrencies, unlike Paxful, which only lets you swap Bitcoin for USDT.
2. Roqqu has maintained a 100% security capacity because there have been zero hacking incidents. Roqqu stores your digital assets in a cold wallet, making it difficult for online hackers to access your accounts. Unlike Paxful with hacking incidents, you can trust your crypto with Roqqu
3. It supports a wider range of cryptocurrencies.
4. Roqqu also allows for a wide range of Bill payments. For example, you can pay electricity, TV bills, and data/airtime purchases.

Cons of Using Roqqu
1. Roqqu has limited payment options compared to Paxful, which has 350+ options.

Conclusion
Both platforms are great for cryptocurrencies, and your choice will depend on your needs. However, Roqqu is the better and more generally accepted option, considering that its app rating is far above Paxful ratings despite some complaints.

Roqqu vs NairaEx

Cryptocurrency grew steadily across Africa as more people entered the digital asset wagon. Every day, even more are considering doing the same. Over the years, this expanding use of crypto has raised the question, “Which cryptocurrency exchange is better?”

In Nigeria, there are several cryptocurrency exchanges, and many customers use their services regularly. But standing out from the crowd are Roqqu and NairaEx, both noteworthy exchanges working in the Nigerian crypto market today.
I will highlight the features of both platforms and compare them here to help you choose the right one for your needs.

What is Roqqu? What is NairaEx?

Roqqu is a Nigerian-based cryptocurrency exchange with over 1.6 million users in and out of Nigeria. Here, users can buy, sell, and swap over 75 cryptocurrencies seamlessly. Since its founding, Roqqu has conducted over 700 million dollars in P2P transactions and traded a billion-plus in assets.

NariaEx is also a Nigerian-based cryptocurrency exchange where people exchange cryptocurrencies like Bitcoin and Ethereum. It started in 2015, and since then, its user base has grown to over 200 thousand and over 1 million dollars in total transactions.
It's primarily focused on the Nigerian market and is only available in Nigeria.

What do both Exchanges offer?

We’ll start our comparison by understanding how they both work and what you can gain from both platforms.

Roqqu Features

Roqqu provides fast processing speeds for cryptocurrency transactions.
You can buy, sell, and swap different cryptocurrencies on Roqqu. That includes swapping a coin for another or swapping a coin for a fiat currency.

Roqqu supports exchange with multiple fiat currencies like Naira, Euro, Ghanaian cedi, and US dollar.
They provide payment gateways for receiving payments globally to your Roqqu account.
You can make different bill payments while using the Roqqu exchange platform.

Roqqu also offers its users two virtual cards, a naira card, and a dollar card. Both the cards can be used for online payments and subscriptions. You can also order a Roqqu physical card using the mobile app.
Roqqu has a feature called Infinity Loans. With infinity loans, you can access cryptocurrency loans by giving a certain value of assets as collateral to get a loan of up to 30% of the collateral as a loan.

NairaEx Features

1. The platform offers real-time deposits and payments, which enables quick processing of sales and purchases. This makes the process of buying and selling simple and enables instant withdrawal and transfer to and from your Nigerian bank account.
2. NairaEx supports deposits from Nigerian banks through transfer or debit cards. The Nigerian naira is the only fiat currency it supports.
3. You can buy and sell cryptocurrency on the platform with a bank transfer or debit card.
4. NairaEx provides the option to receive payment in Bitcoin at the current exchange rate.
5. Users can save their Bitcoin and earn an annual interest of up to 4% on NairaEx.

Supported Currencies

Roqqu is well known for its extensive list of cryptocurrencies. It supports over 75 different coins, including Bitcoin, Ethereum, Bitcoin Cash, Ripple, and Litecoin.

NairaEx provides its users with over 12 cryptocurrencies, which is a little, but it still supports many popular ones, like Bitcoin, Ethereum, USDT, and Litecoin.

User Interface

Roqqu has a stunning, beginner-friendly interface that is easy to access and navigate. The interface offers clear sections for managing assets, trading, and accessing market data.
It also ensures a seamless user experience across all devices while using the mobile app.

NairaEx: It has a more traditional look and is simple and easy to navigate. However, it doesn't have a mobile app, at least not available on Google Play Store or the Apple App Store, limiting flexibility for those who prefer using their smartphone.

Fees

When choosing a crypto exchange, pricing makes a difference for many people.

On Roqqu, all crypto conversions have a flat fee of 2%. For sending crypto, every coin has its own individual fee depending on the network you choose.
However, every other transaction on the exchange platform, such as deposits, withdrawals, and receiving crypto, has no attached fee.

NairaEx, on the other hand, adds its fees to the rates of its cryptocurrencies, which leads to a higher buying rate, unlike other major exchange platforms. Regardless, NairaEx has a zero deposit fee.

Customer support
Exchange customer support can greatly impact your user experience on the platform. Exchange support should be easy to reach and have different channels for reaching them.

Roqqu’s customer support is comprehensive. They offer 24/7 support through multiple channels like Live chat, email, and phone support.
The live chat ensures real-time communication, emails are for non-urgent matters, and the phone support offers personalized assistance, especially for complex issues. It also has a help center that contains detailed guides on how to use Roqqu and its features.
I've also noticed that they're quick to respond to reviews and any possible complaints and seem invested in providing the best services to clients.

NairaEx has an automated customer support feature baked into the platform and is accessible 24/7. Users can also use the website's phone number to reach the support team during weekdays from 9 a.m. to 5 p.m.

Pros of Using Roqqu
1. Roqqu supports multiple fiat currencies like the Naira, Euro, Ghana cedi, Dollar, and British pound.
2. It has a mobile app for flexible use of the exchange.
3. Zero deposit, withdrawal limits, and fees.
4. The interface caters to beginners and professionals with its easy-to-navigate layout.
5. It offers virtual and physical cards for online payments and subscriptions.

Cons
1. You don't earn interest on the cryptocurrency you save.

Pros of Using NairaEx
1. It has a simple interface, making it very easy to use.
2. Fast Real-time transfers and withdrawals to fiat currency.
3. You can earn interest on your savings on NairaEx.

Cons
1. The only fiat currency supported on the NairaEx exchange is the Nigerian naira.
2. Their fees are added to the rate of the cryptocurrencies, meaning means the fees are fixed and non-fluctuating, which leads to a higher buying rate
3. NairaEx is only available to Nigerians.

Conclusion
Both crypto exchanges are great. They have a friendly interface and support a variety of cryptocurrencies. So, when choosing between Roqqu and NairaEx, your specific needs and the type of experience you want should guide you.