Roqqu vs NairaEx

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?”

There are several cryptocurrency exchanges in Nigeria, 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 cards can be used for online payments and subscriptions. Using the mobile app, you can also order a Roqqu physical card.?
• 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 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 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%. Every coin has a fee for sending crypto, depending on your chosen network.?

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.