How to Use the Roqqu App

Chances are that you are already using Roqqu, but you’re on their web platform. Or you are completely new to the crypto trading world and are searching for an app that meets all your trading needs.

Well, you are in luck. In this comprehensive guide, we run you through all you need to know about the Roqqu App, why you should get it, and how to use it efficiently as a novice or expert trader.

The Roqqu app is one of the amazing features of the Roqqu trading platform. It allows you to easily exchange cryptocurrencies and perform other tasks, like paying for services to Roqqu-supported merchants.

Getting the Roqqu App and Signing up

The first step to enjoying the benefits of the Roqqu App is getting it. The app is available for Apple and Android users in the Apple and Google Play Store

Once you download the app, you either log in if you already have a Roqqu account or register and sign up for new Roqqu users. To sign up, you need to provide all the required information, such as your email address and your choice of password.

Roqqu then sends you a verification link to the email provided for the sign-up. Check your email and click the link sent to continue with your sign-up.

At this point in your signing up, it is vital to set additional security measures to safeguard your account, including two-factor authentication, which requires you to input a one-time code from Roqqu whenever you log in.

How to Deposit Using the Roqqu App

Depositing into your account has never been easier than using the Roqqu App. After logging into your account, find the “Deposit” option in the app. Input the amount you want to fund into your account, and Roqqu shows you the equivalent in UDST. Afterwards, you click on “Proceed with transaction.”



Roqqu currently uses two methods of funding your account: peer-to-peer wallet and peer-to-peer bank. However, you may need the first option because of the recent ban on crypto trading. More emphasis will be on the second option.

The Bank Peer to Peer option mandates linking your bank details to Roqqu. When you click on your linked account, Roqqu presents some verified merchants to which you can deposit, which funds your Roqqu account.

Upon selecting your preferred merchant, their bank details load on the screen along with a unique code, which must be your transfer narration while making the transaction to the merchant.

You must make the transaction from your bank account linked to Roqqu, as Roqqu sees this account as yours. After transferring to your merchant, return to your app and click on the page that reads “I have made the Payment.”

At this point, Roqqu verifies your payment to the merchant, and in five to twenty minutes, your account gets funded. With this deposit, you can buy a wide range of cryptocurrencies available on Roqqu and pay your utility bills.

Buying Cryptocurrencies on the Roqqu App

The Roqqu platform offers a range of cryptocurrencies, which are also available on the Roqqu App.
You must first log in to your Roqqu account to buy a coin. Then, on the app's dashboard, you click on the Buy icon, which displays all the crypto assets available on Roqqu.

Another option is directly searching for the coin you want to buy on the app's dashboard. You click on the coin and select “Buy” when the details load.
In either method, you input the amount of the coin you wish to obtain with your fiat currency.

You will see an equivalent of the coin's value and the transaction fee, which Roqqu deducts from the coin you're buying.

After confirming all the transaction details, you click “Confirm,” and the transaction occurs swiftly. Upon completion, Roqqu credits the coin wallet and debits your fiat balance, which funds the transaction.

Selling Your Crypto Assets on the Roqqu App

The Roqqu app also offers an easy means to sell your crypto assets. As usual, you first log into your Roqqu account. On the dashboard, select the icon that reads “Sell” or “Instant Sell,” depending on your application version.

You then select the crypto asset and the amount you wish to sell. This selection takes you to a confirmatory page where you verify the transaction details and Roqqu's service charges.

Thus, Roqqu debits the amount of crypto sold from the wallet and credits your fiat balance with an amount equivalent to the crypto.

Withdrawing From the Roqqu App

A unique feature of the Roqqu platform is that it allows you to withdraw your fiat balance directly into your bank account. This feature is very useful, especially with the current ban on Crypto Trading.
After logging into your Roqqu account, click the “Withdraw” icon on the dashboard. You can then withdraw to a crypto wallet or your bank account.

We can choose the second option since we want the money to go directly into our bank account. After this, you input the amount of money you wish to take and proceed with the withdrawal.

Roqqu takes you to a confirmatory page where you can verify the transaction details and the withdrawal fee attached. To complete the transaction, Roqqu requires you to input a unique 2FA code sent to your linked email. This is an extra layer of security, verifying that you are the recipient.

Within minutes of concluding the transaction, Roqqu credits your bank account from your available fiat balance.

Paying your Utility Bills from Roqqu

The Roqqu app offers users a unique feature: the ability to subscribe to and pay several utility bills to selected merchants.



It includes recharging your call lines, buying data, subscribing to your cable channels, paying for electricity, and much more. This feature offers the relaxation of managing many finances from one place.

Conclusion

The Roqqu app is a huge part of the Roqqu trading platform, which offers you comfort and ease while you carry out your trading transactions. It also cuts across trading and paying your bills to provide more comfort.
Hence, I believe the Roqqu app is a must-have if you want to enjoy all the benefits Roqqu offers.

How To Trade Crypto

In recent years, cryptocurrency has revolutionized the financial world, presenting a wealth of opportunities for both investors and traders. Its dynamic nature and potential for substantial returns have captivated the interest of countless traders worldwide, offering a unique and potentially lucrative avenue for financial growth.

But what exactly is crypto trading? In this comprehensive guide, we'll explore its intricacies and provide you with the tools and knowledge you need to navigate this thrilling market.

What is Crypto Trading?

Crypto trading involves buying, selling, and exchanging digital assets to make a profit. The crypto market is highly wavering, and the price of coins fluctuates dramatically within short periods.

This volatility introduces high risks and offers opportunities for traders to profit. With a high tolerance for risk and a trading strategy, crypto trading can be profitable.

Getting Started with Crypto Trading

Whether you're a seasoned crypto investor or a beginner, rest assured that getting started with cryptocurrency trading is easier than you think. So here are 5 straightforward steps you should follow to trade crypto.

Choosing a Crypto Exchange

Before you can embark on your cryptocurrency trading journey, it's crucial to select a crypto exchange that aligns with your needs and goals. This decision will impact your trading experience, so it's essential to choose wisely.

A crypto exchange is a place where you can purchase, sell, and store cryptocurrency. Although countless exchanges are available, each offering different features, Roqqu is one platform Nigerians should consider. It has a straightforward user interface and a variety of coins to choose from.

Create and Verify an Account

Before starting with Roqqu, you'll need to create and verify it. This verification usually involves providing information like name, address, email, password creation, and identity verification through the Know Your Customer(KYC) process.
The KYC process requires you to provide documents, such as a government-issued ID and proof of address.

Secure your Account

Security is very important when it comes to cryptocurrency trading. After you've created an account, hopefully with a strong password, take time to secure it by enabling two-factor authentication (2FA).

Fund Your Trading Wallet

After creating your crypto exchange account, you automatically receive a crypto trading wallet where you can deposit funds to begin trading.
Platforms like Roqqu and Paxful allow deposits in fiat currencies like Naira or USD and cryptocurrencies like Ethereum and Bitcoin. You can find your account via bank transfers, debit/credit cards, and crypto transfers.

Pick a Cryptocurrency to Trade

After you've successfully funded your account, it's time to pick a cryptocurrency you would like to trade. Although different cryptocurrencies are available, the two most popular ones among traders are Bitcoin and Ethereum.

This is because these two's prices fluctuate more predictably compared to smaller altcoins, making trading much easier. Although these altcoins are riskier to trade, they offer a high-profit potential. Many altcoins have risen by over 1000% in value in just a few months, making them an interesting option for traders.

Trading Strategies

When it comes to trading cryptocurrency, there are a few fundamental strategies that you need to understand before diving in. Knowing these strategies will help you make an informed decision and maximize your profit.

HODLing

Derived from the misspelling of the word “hold,” this term refers to buying and holding cryptocurrencies for the long term regardless of fluctuations. This strategy is based on the belief that certain coins have the potential for substantial long-term growth.

HODLers strongly believe in the cryptocurrencies they hold and are willing to ride out market fluctuations with the expectation of turning a profit over time.

Day Trading

Day trading entails buying and selling crypto within the same day to profit from small price movements. Traders capitalize on fluctuations by making multiple trades throughout the day to make a quick profit.

This strategy requires fast thinking and swift reactions to changes in the market.

Swing Trading

Unlike day trading, swing trading involves holding onto cryptocurrencies for a few days or a few weeks to capitalize on larger price movements or “swings” in the crypto market. Swing trading focuses on capitalizing on market changes or trends over a slightly longer period.

To use this strategy, you must be patient and disciplined. You must wait for favorable market trends to buy and sell.

Arbitrage Trading

Arbitrage exploits the price differences of the same asset or cryptocurrency across different exchanges.

In arbitrage trading, the goal is to buy a cryptocurrency on an exchange priced lower than others and sell it at a higher price on another exchange, thereby profiting from the price difference. Opportunities for an arbitrage trade arise from inefficiencies and delays in the price information between different markets on different crypto exchanges.

Arbitrage trading is a lucrative strategy for traders who can identify and exploit price differences across different exchanges and execute trades quickly and efficiently.

Tips for Successful Trading

To help you on your journey to trade crypto, here are a few helpful tips that'll help you get the best experience as a crypto trader.

1. Stay Updated: It is crucial to stay updated on what's happening in the cryptocurrency market by following trusted news sources and participating in online communities and groups. This will keep you well informed and prepared to adapt your trading strategy based on the new information.

2. Avoid emotional trading: Neglect emotions when trading, as it can blur your thinking and lead to impulsive decision-making. Keep emotions away and stick to your trading plan even in the face of market volatility.

3. Learn from trading: As you trade, always pay attention to the conditions that lead to a profit or a loss and learn from them.
If you follow these tips and stay disciplined, you will increase your chances of success and make light work of the cryptocurrency market.

Conclusion
You should reflect on the knowledge and insights you've gained so far, from the basics of trading cryptocurrency to effective strategies that will help guide you through the volatile crypto market.

Successful crypto trading involves adopting an informed and disciplined approach, prioritizing continuous learning and long-term growth. As a result, you should constantly seek information that helps you avoid mistakes you would otherwise unthinkingly make and seize opportunities that can prove profitable.

Where to Buy Bitcoin in Nigeria

After Binance announced that it would stop all its services in Nigeria on March 8, the question of “where do I buy and sell Bitcoin” became the new bone for Nigerian cryptonians to chew. If you have that question in mind, you’re welcome onboard.

In the article, you will get an overview of reliable platforms where you can buy and sell Bitcoin.
Bitcoin Exchange Types
Before we discuss the nitty-gritty of this article, I want you to understand the three types of exchange systems you may encounter on the platforms we’ll be discussing shortly.

Broker Over-the-Counter Exchange

The transaction is directly between you and the platform in this exchange system. You send the money to the platform, and they send the Bitcoin to your wallet address. No external parties are involved.
Some platforms that operate this system register with the government, and some may have physical offices. However, they might be slow and not operate 24/7.

Peer-to-peer (P2P) over-the-counter Exchange

This is a very popular exchange system in which the platform connects the buyer and the seller and regulates the exchange using an escrow system.

How does P2P work?

Say Mr. A wants to buy ₦100,000 worth of Bitcoin from Mrs B via P2P on a platform. After indicating, the escrow will freeze ₦100,000 worth of Bitcoin from Mr B’s account.
Mr A goes to the bank or makes an electronic transfer of ₦100,000 to her account. Afterward, the escrow transfers the Bitcoin to his wallet. After he sends the proof of payment, she confirms it on the platform.
While this system is fast and operates 24/7, there’s the risk of fraud and frozen accounts.

Trading Platforms

This system resembles forex trading. Here, traders trade one currency against another, e.g., NGN/BTC, USDT/BTC, NGN/USDT.
In the system, you only trade in the platform. Although you are trading against someone taking the opposite trade(i.e., buying BTC when you are selling it), you neither see nor interact with the person.

Best Bitcoin Platforms in Nigeria
Now to the nitty-gritty: where to buy Bitcoin in Nigeria.

Roqqu

Roqqu is one of the best Nigerian trading platforms, founded in 2017. Its wallet lets users buy and sell Bitcoin and other cryptocurrencies with fiat currencies. The platform also offers special services like virtual cards, bill payments, and fiat transfers.
Roqqu has a very user-friendly mobile app that allows trading 24/7. The Roqqu mobile app offers benefits, such as a zero deposit fee. Its interface is friendly and suitable for both beginners and advanced traders.

Pros of Roqqu

Suitable for beginners
Mobile app provides 24/7 trading services
Sign up process for Roqqu is easy
Transactions are fast and efficient
Allow fiat transfers

Cons of Roqqu

It has limited payment options
Customer service repose is sometimes slow

Luno

Luno is one of the largest crypto exchanges in the world, with over 10 million users worldwide, including Nigeria. It has a user-friendly interface and is one of the best security tools for keeping crypto safe.
The relatively easy access to Bitcoin and other cryptocurrencies with Luno aligns with its motto that cryptocurrency is for everyone. Although Luno provides services similar to Coinbase, its services are available in countries where Coinbase services are unavailable.

Pros of Luno

It has a friendly interface for beginners
Cryptocurrencies stored in Luno are very secured

Cons of Luno

The verification process of Luno is strict and can be frustrating
Luno had limited payment options

NairaEx

NairaEx is one of the largest exchanges in Nigeria. It has over 130 thousand users, and over 900 thousand transactions concluded. NairaEx is a Nigerian-based exchange platform in Abeokuta, Ogun State.
To begin using this platform, you must sign up and verify your ID. Interestingly, NairaEx allows fiat transfers, i.e., you can make transfers directly from your bank account to the platform.

Pros of NairaEx

It offers instant and automatic payments.
It offers different payment options, such as bank transfers and perfect money.
There is no trading fee in NairaEx, only transaction fees

Cons of NairaEx

It requires ID verification, which may be a stressful process
The only cryptocurrency supported on the platform is Bitcoin
NairaEx does not have a mobile application
Transactions less than ₦30,000

Bybit

Bybit is a crypto derivatives trading platform with advanced trading features such as taking profits and stopping losses. It incorporates high-security features, making it very reliable.
Besides buying and selling Bitcoin on Bybit, you can trade contracts and futures at crypto prices. It provides spot trading and offers up to 100X leverage for futures trading.

Pros of Bybit

It allows leverage trading.
Bybit’s two-factor authentification and cold storage for cryptocurrency enhance the safety of users’ funds.
Bybit provides advanced trading features such as “stop-loss,” “take profits,” and limits.
Bybits offers a wide range of cryptocurrencies other than Bitcoin and Ethereum.
Cons of Bybit
There is no bank direct withdrawal with Bybit.

Kucoin

Kucoin is a great crypto exchange platform. Its headquarters is in Singapore, although the founders launched it in Hong Kong. It offers exchange services for Bitcoin and 600 other cryptocurrencies.
Users of the Kucoin platform get discounts for holding the exchange cryptocurrency, Kucoin Shares, by holding it.

Some of the features and services of Kucoin are:

Peer-to-peer fiat trade.
It allows users to buy cryptocurrencies using Visa and Master cards
Kucoin has a mobile app
It provides multiple payment options
Trading bots
Pros of Kucoin

It has an easy-to-use P2P exchange system
It allows users to deposit USDT through a bank transfer
It had multiple trading options such as futures, margin trading, and copy trading
It has a beginner-friendly website and app

Cons of Kucoin
It has a limited payment method
Some low-cap coins are not available for trading

Conclusion
In conclusion, consider factors like security, user interface, fees, and customer reviews when looking for the best exchanges from which to buy Bitcoin. Evaluating these aspects will help you make a more informed decision and choose an exchange that aligns with your needs and preferences.

How to Use the Roqqu App

Chances are that you are already using Roqqu, but you’re on their web platform. Or you are completely new to the crypto trading world and are searching for an app that meets all your trading needs.
Well, you are in luck. In this comprehensive guide, we run you through all you need to know about the Roqqu App, why you should get it, and how to use it efficiently as a novice or expert trader.

The Roqqu app is one of the amazing features of the Roqqu trading platform. It allows you to easily exchange cryptocurrencies and perform other tasks, like paying for services to Roqqu-supported merchants.

Getting the Roqqu App and Signing up

The first step to enjoying the benefits of the Roqqu App is getting it. The app is available for Apple and Android users in the Apple and Google Play stores.

Once you download the app, you either log in if you already have a Roqqu account or register and sign up for new Roqqu users. To sign up, you need to provide all the required information, such as your email address and your choice of password.

Roqqu then sends you a verification link to the email provided for the sign-up. Check your email and click the link sent to continue with your sign-up.
At this point in your signing up, it is vital to set additional security measures to safeguard your account, including two-factor authentication, which requires you to input a one-time code from Roqqu whenever you log in.

How to Deposit Using the Roqqu App

Depositing into your account has never been easier than using the Roqqu App. After logging into your account, find the “Deposit” option in the app. Input the amount you want to fund into your account, and Roqqu shows you the equivalent in UDST. Afterwards, you click on “Proceed with transaction.”

Roqqu currently uses two methods of funding your account: peer-to-peer wallet and peer-to-peer bank. However, you may need the first option because of the recent ban on crypto trading. More emphasis will be on the second option.

The Bank Peer to Peer option mandates linking your bank details to Roqqu. When you click on your linked account, Roqqu presents some verified merchants to which you can deposit, which funds your Roqqu account.
Upon selecting your preferred merchant, their bank details load on the screen along with a unique code, which must be your transfer narration while making the transaction to the merchant.

You must make the transaction from your bank account linked to Roqqu, as Roqqu sees this account as yours. After transferring to your merchant, return to your app and click on the page that reads “I have made the Payment.”
At this point, Roqqu verifies your payment to the merchant, and in five to twenty minutes, your account gets funded. With this deposit, you can buy a wide range of cryptocurrencies available on Roqqu and pay your utility bills.

Buying Cryptocurrencies on the Roqqu App

The Roqqu platform offers a range of cryptocurrencies, which are also available on the Roqqu App.
You must first log in to your Roqqu account to buy a coin. Then, on the app's dashboard, you click on the Buy icon, which displays all the crypto assets available on Roqqu.
Another option is directly searching for the coin you want to buy on the app's dashboard. You click on the coin and select “Buy” when the details load.

In either method, you input the amount of the coin you wish to obtain with your fiat currency. You will see an equivalent of the coin's value and the transaction fee, which Roqqu deducts from the coin you're buying.
After confirming all the transaction details, you click “Confirm,” and the transaction occurs swiftly. Upon completion, Roqqu credits the coin wallet and debits your fiat balance, which funds the transaction.

Selling Your Crypto Assets on the Roqqu App

The Roqqu app also offers an easy means to sell your crypto assets. As usual, you first log into your Roqqu account. On the dashboard, select the icon that reads “Sell” or “Instant Sell,” depending on your application version.
You then select the crypto asset and the amount you wish to sell. This selection takes you to a confirmatory page where you verify the transaction details and Roqqu's service charges.

Thus, Roqqu debits the amount of crypto sold from the wallet and credits your fiat balance with an amount equivalent to the crypto.
Withdrawing From the Roqqu App
A unique feature of the Roqqu platform is that it allows you to withdraw your fiat balance directly into your bank account. This feature is very useful, especially with the current ban on Crypto Trading.
After logging into your Roqqu account, click the “Withdraw” icon on the dashboard. You can then withdraw to a crypto wallet or your bank account.

We can choose the second option since we want the money to go directly into our bank account. After this, you input the amount of money you wish to take and proceed with the withdrawal.

Roqqu takes you to a confirmatory page where you can verify the transaction details and the withdrawal fee attached. To complete the transaction, Roqqu requires you to input a unique 2FA code sent to your linked email. This is an extra layer of security, verifying that you are the recipient.
Within minutes of concluding the transaction, Roqqu credits your bank account from your available fiat balance.

Paying your Utility Bills from Roqqu

The Roqqu app offers users a unique feature: the ability to subscribe to and pay several utility bills to selected merchants.
It includes recharging your call lines, buying data, subscribing to your cable channels, paying for electricity, and much more. This feature offers the relaxation of managing many finances from one place.

Conclusion
The Roqqu app is a huge part of the Roqqu trading platform, which offers you comfort and ease while you carry out your trading transactions. It also cuts across trading and paying your bills to provide more comfort.
Hence, I believe the Roqqu app is a must-have if you want to enjoy all the benefits Roqqu offers.

Pros and Cons of Using Roqqu

We can all agree that trading and investing in cryptocurrency is now a major mainstay of income in today's economy. With this in mind, finding the right crypto wallet is integral, and this is where Roqqu comes in.
Roqqu is a crypto wallet that allows you to buy and sell all Roqqu-supported cryptocurrencies. This extensive guide discusses the pros and cons of using Roqqu.

Pros of Using Roqqu

Roqqu promises us several benefits in the world of trading and beyond, some of which include:

It is Beginner friendly

Trading with Roqqu is exceptionally seamless. Its unique and simple interface allows novice and expert traders to navigate and make quick exchanges easily.
The platform is also fast, ensuring you perform your transactions quickly and efficiently. The speed and intuitive interface make it a must for beginners navigating the trading world.

There is a Wide Range of Tradable Crypto Currencies

Roqqu supports trading over 100 cryptocurrencies, including Bitcoin, Ethereum, Dogecoin, Litecoin, etc. The platform also offers users the choice of trading cryptocurrencies against the Nigerian naira.
This not only makes it easier for novice traders to worry less about currency conversions but also encourages more indigenous Nigerian naira(NGN) users to join the lucrative hub that is trading.

Presence of a Mobile app

Roqqu has a mobile app for Apple and Android devices that allows you to trade crypto with Roqqu. This app incorporates all the features of the Web platform, allowing users to trade more conveniently.
Its fast and highly responsive interface makes it suitable for all traders. The app settles all crypto transactions within seconds.

The Roqqu app offers users trading insights that update them on their trades. These insights are very important, especially to beginners. An advanced trade chart, which might be fascinating to expert traders, is also a feature.
This app has an amazing bill payment section where you can settle several common Nigerian bills, such as airtime purchases, electricity bills, cable TV, etc.

Sound Security

Roqqu is a very secure exchange platform. Since its creation, It has stood firm and has no history of successful hacks or break-ins. In addition, Roqqu offers its users several security features, including two-factor authentication, multi-step verification, a passcode lock for the app, etc.

Low Transaction fee

Several investigations clearly show that Roqqu provides one of the lowest trading transaction fees on the market. Understanding the expenses is tricky, especially compared to global wallets like Binance. Let's break it down:
Many other wallets, including Binance, which people believe has a low fee of 0.5% commission for trading, also charge when you fund, withdraw, or perform conversions on different currencies.

Roqqu, on the other hand, charges a 2% flat-rate commission. This commission is the only fee you pay with Roqqu; you do not need to pay for currency conversions, funding, or withdrawals.
The fee pattern places Roqqu at the top of the wallet charts with the lowest transaction fees. It becomes pertinent for traders and investors who wish to minimize their trading costs and maximize profit.

Automated Deposits and Withdrawals

The Roqqu platform provides automated deposits and withdrawals. This means traders can fund or withdraw from their accounts in real-time, which is especially useful for traders who are always on the run in response to market changes.
This feature by Roqqu eliminates the need to spend valuable time processing your transactions, as all real-time operations are swift. Many other exchange platforms do not offer this experience.

Satisfactory Customer Service

Roqqu offers all its users excellent customer service. The exchange platform invests in a support team that assists users with their concerns, ensuring they're never alone when faced with an issue.
Their support team is open to all users and is accessible through several channels, including their social media handles, writing to their email, and the live chat on the app.

The Roqqu Academy

Aside from other benefits, Roqqu incorporates the Roqqu academy in its portfolio, which offers its users, especially novice traders new to the crypto world, a means of learning to navigate blockchain technology.
Since trading crypto can be tricky, Roqqu's additional advantage is important to new traders striving to learn and expert traders wishing to diversify their knowledge. Many other platforms do not offer this experience.

Cons of Using Roqqu
As we expect, despite Roqqu being a formidable platform in the trading world, some pitfalls might affect your experience when using it. Some of these are:

Limited Payment Options

Roqqu does not support many fiat currencies for payment. Although this development allows Nigerian, Ghanaian, and European investors to enjoy the benefits of trading, it also limits them to their respective currencies for trading despite the availability of several other currencies. This might be a problem for some veteran investors but its hardly a cause for alarm.

Customer Service Response

Roqqu has amazing customer service. Although many users agree, others counter this point. Several users have experienced lapses in response time when resolving an issue.

It is Relatively New

Roqqu was established in 2019, and although it still stands the test of time, many people still need to be convinced of its vision. Understandably, some people want to invest in a platform with more solid experience. However, the quality of your trading experience with Roqqu is still the same.

Complaints

Some people complain that they encounter one glitch or another when using the app. However, the complaints are not recent, and Roqqu attends to the problems promptly. They recently resolved many user concerns.

Conclusion

From this comprehensive guide, we can deduce that Roqqu excels in trading. The platform equips traders with all the tools they need for their day-to-day trading experience.
The platform's simple interface also makes it beginner-friendly. Nigerian traders can use it as their go-to exchange platform and wallet for their crypto needs.
With all the opportunities Roqqu offers, the platform will meet all your trading needs, especially given the current crypto restrictions in Nigeria.

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.

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 Review

Roqqu is a Nigerian-based crypto exchange and trading platform. It was established in Lagos, Nigeria, by Uchenna Nnodim in 2019. Over the years, Roqqu has gone global, supporting over 100+ crypto tokens and over 1.6 million users.
Can you trust Roqqu? A common question asked. This article provides an honest review of everything you need to know about the company and the services it provides

Roqqu Pros
● A user-friendly mobile application
● Low transaction fees
● Enhanced security

Roqqu Cons
● Few payment options
● Complaints of poor service with complaint resolution

Roqqu Offers

Roqqu offers its users a wide range of trading services as a trading platform. Its mobile app currently supports 100+ tradeable crypto coins and tokens. Other services it provides are education tools, low to zero transaction fees, and multiple customer service mediums, all of which we discuss in this article.

Roqqu Mobile App

Roqqu's free mobile app, available for both Android and Apple users, is designed with simplicity and ease of use in mind. Its intuitive interface ensures a smooth navigation experience, making crypto transactions on the go a breeze, settling within seconds.
The mobile app offers various bill payments for airtime and electricity purchases. There have been complaints about unsuccessful transactions and glitches in the Roqqu app. However, reports on PlayStore show Roqqu’s executives actively responding to complaints.

Roqqu Fees

Roqqu offers one of the lowest transaction fees of all cryptocurrency exchange wallets. There is a 2% flat rate for crypto conversions, and each crypto token has a fee dependent on the chosen network.
These are the only fees you must pay with Roqqu; everything else is free. No commission is attached for currency conversions, withdrawals, and deposits, all carried out in the mobile app. As a result, I find that Roqqu’s fees are considerably lower than those of all the other wallets that charge a fee for every transaction.

Account Opening on Roqqu

Thanks to the mobile app, opening an account with Roqqu is simple. The first step is to download the app. Once you get it, new users will need to sign up, and the others will log in if they already have an account with them.
During sign-up, you must provide essential information like your e-mail address and password. After providing the information, Roqqu will send a verification link to the given address; clicking on it instantly activates your account. Opening a Roqqu account will not pose an issue for new members.

KYC

Following crypto regulations, Roqqu has a Know Your Customer (KYC) verification process. To complete it, you will submit identification documents like passports or government-issued IDs.

Deposit and Withdrawal

With Roqqu, deposits, and withdrawals are fast and simple. The mobile app has a "deposit" and "withdraw" option. All you need to do is find them, click, input the amount of your choice, and expect your funds in seconds.
Deposits and withdrawals with the Roqqu app are free of commission. Previous complaints about delayed or unsuccessful transactions have been resolved. However, if they occur, Roqqu customer support is available.

Savings on Roqqu

On the mobile application, an “Earn” section is present below the menu button. Here, you can see the main features of the Roqqu app, such as the “Trade” and “Fiat” sections for deposits and withdrawals. Thanks to its saving feature, you can save your crypto for rewards.

User Interface

Roqqu has a clean and beautiful user-friendly interface with zero loading errors. The interface has clear sections that show the features of Roqqu, making it easy for beginners and expert traders to navigate.

Supported Cryptocurrency
Roqqu supports many cryptocurrencies, including Bitcoin, Litecoin, Ethereum, Steem, Dogecoin, Ripple, and 100 others. It offers one of the highest numbers of cryptocurrencies for trading that can be traded against the Nigerian Naira.

Roqqu Academy

The Roqqu Academy is an educational tool you can find in mobile applications. Roqqu offers its users the necessary tools for understanding and navigating the blockchain. The academy is a feature that is rare on many platforms.

Customer Support

Roqqu's support team is available 24/7 for questions and assistance. They offer services through multiple channels, such as live chat, email, social media, and a help center with guidelines for navigating the Roqqu app.

Roqqu invests in customer satisfaction. Occasionally, they interact with their customers through social media posts and comments, asking about their experience and how to improve it.
With multiple channels to contact them, you should expect a quick response. However, some users say otherwise. There are complaints with no response even after 24 hours. The platform promises to work on this.

Security

Roqqu places utmost importance on the security and safety of your cryptocurrency. The platform has implemented advanced measures and encryptions to safeguard your crypto coins and tokens from potential hacking incidents, ensuring a secure trading environment.
Since its founding in 2019, Roqqu has maintained a secure image with zero hacking reports. To preserve assets, Roqqu implements a cold wallet, an offline wallet, which reduces the risks of online threats.

Trading Dashboard

The Roqqu mobile app's interface has a trading dashboard that shows market charts and trends. The dashboard lets you track your trading progress and make decisions based on the information provided.

Roqqu’s Referral Program

This feature is straightforward and allows you to earn some extra cash. Roqqu provides all its users with a unique affiliate link. You earn a 0.5% commission on transactions for life from anyone who uses your link to sign up for the Roqqu platform. Given that it’s a lifelong benefit, the referral program is fascinating and lucrative for Roqqu users,

Is Roqqu Safe?

Roqqu is a registered and licensed secure platform for holding and trading coins ranging from Bitcoin to Tron. It is one of the leading African blockchain techs set to go beyond and become the best.

All user complaints about bad experiences and the platform's credibility are always investigated and rectified. Whenever the platform goes on maintenance, a broadcast message is sent to all its users to refrain from transacting to avoid losing funds.

The platform has gained the trust of many users, with over $1 billion in assets traded. Despite the current ban on cryptocurrency, which prevents crypto trading in certain countries, Roqqu remains one of the accessible crypto wallets for Nigerians.

Conclusion
From the research, it is safe to say Roqqu is a safe exchange wallet. Its services allow for a seamless trading experience, and the current restriction on cryptocurrencies puts them in a good place. Have you personally tried Roqqu? What were your experiences?

How To Choose The Best Crypto Wallet

With cryptocurrency's constant growth and demand, it remains a worldwide asset. Trading of crypto assets is now global, but when people gain access to these assets, where do they store them? Crypto wallets, of course.

Crypto wallets are media for sending, receiving, and storing crypto. Because of their large number, deciding on the right one is difficult. Do you want to protect your cryptocurrency? Consider these before deciding on your crypto wallet.

Types of Crypto Wallets

There are three main categories: paper wallets, hardware wallets, and software wallets, further classified into hot and cold storage wallets. Selecting a good wallet is a basic yet important part of getting into crypto. To choose the best crypto wallet, you must understand and differentiate between a "Hot" wallet and a "Cold" storage wallet.

Hot Wallet

A hot wallet is classified as a software wallet that connects to the internet and cryptocurrency network. Here, crypto is easily accessible for trading, and hot wallets aren't the best choice if you intend to store crypto assets in the long term.

Hot wallets store your private keys online, are easy to use, and can retrieve assets from backups on multiple devices. Examples of Hot wallets are Coinbase Wallet and Trust Wallet.

This type of storage wallet has several pros and cons for its internet connection. A noteworthy con for hot wallets is their poor cybersecurity, which can lead to vulnerability and hacking.

Cold Wallet

Cold wallets are hardware wallets, meaning they aren't internet-enabled. They store your crypto and private keys offline, which makes them less susceptible to hacking.

Cold storage wallets are physical devices that protect your cryptocurrency offline. Think of them as a USB or paper carrying your private keys away from the internet. However, to transfer assets in cold storage wallets, you must connect to the internet for transactions.

Cold wallets are widely considered an efficient, secure cryptocurrency storage option. They are convenient for long-term storage, protecting large amounts of digital assets, but not for daily transactions due to their lack of connection to the Internet. A common con is their retrieval; losing the wallet can lead to a permanent loss.

A good example is Roqqu, which stores 98% of its assets offline in cold storage wallets and grants its users quality cyber security. The Ledger USB wallet and TREZOR are examples of hardware wallets.

Factors to Guide You When Choosing a Crypto Wallet

When choosing the best crypto wallet, you must prioritize your needs and assets. Some questions that will help you make a better decision include: Do you want to transfer your crypto daily or hold it long-term? Are you storing large amounts? Some other factors to consider are;

Purpose

The purpose of needing a wallet is fundamental to consider when choosing one. It will narrow your decision regarding the type of wallet needed. You need different wallets capable of efficiently carrying out tasks for different purposes.

The Hot wallets connect to the internet and are easily accessible, making them the best choice if you intend to make daily transactions. However, cold wallets are offline, making it difficult to transact regularly.

Hot wallets are online, and it isn't advisable to store your crypto long-term because of its vulnerability to hacking. Cold storage wallets like Roqqu are the best choice for holding cryptocurrency you won't touch for a while.

Security

Security is an important factor to consider when choosing a crypto wallet. A wallet's security is a defense to keep your crypto and private keys from the wrong hands. In crypto, you have public and private keys.

Public keys are your wallet address;, they do not need to be heavily secured. Private keys, however, are alphanumeric codes that serve as your PIN and need to be heavily secured. Unauthorized access to them leaves your finances at risk.

Hot wallets have built-in security measures to protect your private keys, but they are online and more vulnerable to online threats. Cold wallets like Roqqu, which are offline and have security features like two-factor authentication, have the edge over hot wallets in terms of security.

Supported Tokens

Today, over 400 crypto tokens exist, from Bitcoin and Ethereum to newer ones and even unknown ones. A single crypto wallet cannot support all of them.

Crypto wallets like Binance and Roqqu support a wide range of crypto tokens with over 100+ tokens listed. It is important to know the tokens supported before choosing a wallet. You cannot choose a wallet that does not support your tokens. The best crypto wallets today support a wide range of crypto tokens.

Backup and Recovery

When choosing a crypto wallet, it is important to consider the efficiency of the backup and recovery system. If your device is lost or damaged, having a reliable means to recover and access your funds is important.

Hot wallets are easier to retrieve than cold wallets. It isn't advisable to keep your private keys online. You can create written backups of the keys, keep them hidden, and use the recovery options set up by the wallet. Cold storage wallets in the form of physical devices need securing. Losing the device can lead to permanent loss of your assets.

Fees

Crypto wallets tend to charge transaction fees, which vary in amount. Some transactions can be free, some charge small amounts, and some charge high amounts.

These transaction fees help the wallet to ensure that the transfer is quicker. Users need to control the fees they pay to suit their comfort.
People who prioritize this factor when choosing the best crypto wallet need one that offers fast, medium, and slow transactions. Barely anyone wants to pay high transaction fees for a fast process. Roqqu and Binance are good examples of wallets with cheap transaction fees.

Choosing the best crypto wallet can be overwhelming because of the large number available today. Both hot storage wallets and cold storage wallets offer several benefits to users. It is important to choose a wallet that meets your requirements. While we recommend Roqqu, there are other good crypto wallets.

How To Choose The Best Crypto Wallet

With cryptocurrency's constant growth and demand, it remains a worldwide asset. Trading of crypto assets is now global, but when people gain access to these assets, where do they store them? Crypto wallets, of course.

Crypto wallets are media for sending, receiving, and storing crypto. Because of their large number, deciding on the right one is difficult. Do you want to protect your cryptocurrency? Consider these before deciding on your crypto wallet.

Types of Crypto Wallets

There are three main categories: paper wallets, hardware wallets, and software wallets, further classified into hot and cold storage wallets. Selecting a good wallet is a basic yet important part of getting into crypto. To choose the best crypto wallet, you must understand and differentiate between a "Hot" wallet and a "Cold" storage wallet.

Hot Wallet

A hot wallet is classified as a software wallet that connects to the internet and cryptocurrency network. Here, crypto is easily accessible for trading, and hot wallets aren't the best choice if you intend to store crypto assets in the long term.

Hot wallets store your private keys online, are easy to use, and can retrieve assets from backups on multiple devices. Examples of Hot wallets are Coinbase Wallet and Trust Wallet.

This type of storage wallet has several pros and cons for its internet connection. A noteworthy con for hot wallets is their poor cybersecurity, which can lead to vulnerability and hacking.

Cold Wallet

Cold wallets are hardware wallets, meaning they aren't internet-enabled. They store your crypto and private keys offline, which makes them less susceptible to hacking.

Cold storage wallets are physical devices that protect your cryptocurrency offline. Think of them as a USB or paper carrying your private keys away from the internet. However, to transfer assets in cold storage wallets, you must connect to the internet for transactions.

Cold wallets are widely considered an efficient, secure cryptocurrency storage option. They are convenient for long-term storage, protecting large amounts of digital assets, but not for daily transactions due to their lack of connection to the Internet. A common con is their retrieval; losing the wallet can lead to a permanent loss.

A good example is Roqqu, which stores 98% of its assets offline in cold storage wallets and grants its users quality cyber security. The Ledger USB wallet and TREZOR are examples of hardware wallets.

Factors to Guide You When Choosing a Crypto Wallet

When choosing the best crypto wallet, you must prioritize your needs and assets. Some questions that will help you make a better decision include: Do you want to transfer your crypto daily or hold it long-term? Are you storing large amounts? Some other factors to consider are;

Purpose

The purpose of needing a wallet is fundamental to consider when choosing one. It will narrow your decision regarding the type of wallet needed. You need different wallets capable of efficiently carrying out tasks for different purposes.

The Hot wallets connect to the internet and are easily accessible, making them the best choice if you intend to make daily transactions. However, cold wallets are offline, making it difficult to transact regularly.

Hot wallets are online, and it isn't advisable to store your crypto long-term because of its vulnerability to hacking. Cold storage wallets like Roqqu are the best choice for holding cryptocurrency you won't touch for a while.

Security

Security is an important factor to consider when choosing a crypto wallet. A wallet's security is a defense to keep your crypto and private keys from the wrong hands. In crypto, you have public and private keys.

Public keys are your wallet address;, they do not need to be heavily secured. Private keys, however, are alphanumeric codes that serve as your PIN and need to be heavily secured. Unauthorized access to them leaves your finances at risk.

Hot wallets have built-in security measures to protect your private keys, but they are online and more vulnerable to online threats. Cold wallets like Roqqu, which are offline and have security features like two-factor authentication, have the edge over hot wallets in terms of security.

Supported Tokens

Today, over 400 crypto tokens exist, from Bitcoin and Ethereum to newer ones and even unknown ones. A single crypto wallet cannot support all of them.

Crypto wallets like Binance and Roqqu support a wide range of crypto tokens with over 100+ tokens listed. It is important to know the tokens supported before choosing a wallet. You cannot choose a wallet that does not support your tokens. The best crypto wallets today support a wide range of crypto tokens.

Backup and Recovery

When choosing a crypto wallet, it is important to consider the efficiency of the backup and recovery system. If your device is lost or damaged, having a reliable means to recover and access your funds is important.

Hot wallets are easier to retrieve than cold wallets. It isn't advisable to keep your private keys online. You can create written backups of the keys, keep them hidden, and use the recovery options set up by the wallet. Cold storage wallets in the form of physical devices need securing. Losing the device can lead to permanent loss of your assets.

Fees

Crypto wallets tend to charge transaction fees, which vary in amount. Some transactions can be free, some charge small amounts, and some charge high amounts.

These transaction fees help the wallet to ensure that the transfer is quicker. Users need to control the fees they pay to suit their comfort.
People who prioritize this factor when choosing the best crypto wallet need one that offers fast, medium, and slow transactions. Barely anyone wants to pay high transaction fees for a fast process. Roqqu and Binance are good examples of wallets with cheap transaction fees.

Choosing the best crypto wallet can be overwhelming because of the large number available today. Both hot storage wallets and cold storage wallets offer several benefits to users. It is important to choose a wallet that meets your requirements. While we recommend Roqqu, there are other good crypto wallets.

How To Choose The Best Crypto Wallet
With cryptocurrency's constant growth and demand, it remains a worldwide asset. Trading of crypto assets is now global, but when people gain access to these assets, where do they store them? Crypto wallets, of course.
Crypto wallets are media for sending, receiving, and storing crypto. Because of their large number, deciding on the right one is difficult. Do you want to protect your cryptocurrency? Consider these before deciding on your crypto wallet.
Types of Crypto Wallets
There are three main categories: paper wallets, hardware wallets, and software wallets, further classified into hot and cold storage wallets. Selecting a good wallet is a basic yet important part of getting into crypto. To choose the best crypto wallet, you must understand and differentiate between a "Hot" wallet and a "Cold" storage wallet.
Hot Wallet
A hot wallet is classified as a software wallet that connects to the internet and cryptocurrency network. Here, crypto is easily accessible for trading, and hot wallets aren't the best choice if you intend to store crypto assets in the long term.
Hot wallets store your private keys online, are easy to use, and can retrieve assets from backups on multiple devices. Examples of Hot wallets are Coinbase Wallet and Trust Wallet.
This type of storage wallet has several pros and cons for its internet connection. A noteworthy con for hot wallets is their poor cybersecurity, which can lead to vulnerability and hacking.
Cold Wallet
Cold wallets are hardware wallets, meaning they aren't internet-enabled. They store your crypto and private keys offline, which makes them less susceptible to hacking.
Cold storage wallets are physical devices that protect your cryptocurrency offline. Think of them as a USB or paper carrying your private keys away from the internet. However, to transfer assets in cold storage wallets, you must connect to the internet for transactions.
Cold wallets are widely considered an efficient, secure cryptocurrency storage option. They are convenient for long-term storage, protecting large amounts of digital assets, but not for daily transactions due to their lack of connection to the Internet. A common con is their retrieval; losing the wallet can lead to a permanent loss.
A good example is Roqqu, which stores 98% of its assets offline in cold storage wallets and grants its users quality cyber security. The Ledger USB wallet and TREZOR are examples of hardware wallets.
Factors to Guide You When Choosing a Crypto Wallet
When choosing the best crypto wallet, you must prioritize your needs and assets. Some questions that will help you make a better decision include: Do you want to transfer your crypto daily or hold it long-term? Are you storing large amounts? Some other factors to consider are;
Purpose
The purpose of needing a wallet is fundamental to consider when choosing one. It will narrow your decision regarding the type of wallet needed. You need different wallets capable of efficiently carrying out tasks for different purposes.
The Hot wallets connect to the internet and are easily accessible, making them the best choice if you intend to make daily transactions. However, cold wallets are offline, making it difficult to transact regularly.
Hot wallets are online, and it isn't advisable to store your crypto long-term because of its vulnerability to hacking. Cold storage wallets like Roqqu are the best choice for holding cryptocurrency you won't touch for a while.
Security
Security is an important factor to consider when choosing a crypto wallet. A wallet's security is a defense to keep your crypto and private keys from the wrong hands. In crypto, you have public and private keys.
Public keys are your wallet address;, they do not need to be heavily secured. Private keys, however, are alphanumeric codes that serve as your PIN and need to be heavily secured. Unauthorized access to them leaves your finances at risk.
Hot wallets have built-in security measures to protect your private keys, but they are online and more vulnerable to online threats. Cold wallets like Roqqu, which are offline and have security features like two- factor authentication, have an edge over hot wallets in terms of security.
Supported Tokens
Today, over 400 crypto tokens exist, from Bitcoin and Ethereum to newer ones and even unknown ones. A single crypto wallet cannot support all of them.
Crypto wallets like Binance and Roqqu support a wide range of crypto tokens with over 100+ tokens listed. It is important to know the tokens supported before choosing a wallet. You cannot choose a wallet that does not support your tokens. The best crypto wallets today support a wide range of crypto tokens.
Backup and Recovery
When choosing a crypto wallet, it is important to consider the efficiency of the backup and recovery system. If your device is lost or damaged, having a reliable means to recover and access your funds is important.
Hot wallets are easier to retrieve than cold wallets. It isn't advisable to keep your private keys online. You can create written backups of the keys, keep them hidden, and use the recovery options set up by the wallet. Cold storage wallets in the form of physical devices need securing. Losing the device can lead to permanent loss of your assets.
Fees
Crypto wallets tend to charge transaction fees, which vary in amount. Some transactions can be free, some charge small amounts, and some charge high amounts.
These transaction fees help the wallet to ensure that the transfer is quicker. Users need to control the fees they pay to suit their comfort.
People who prioritize this factor when choosing the best crypto wallet need one that offers fast, medium, and slow transactions. Barely anyone wants to pay high transaction fees for a fast process. Roqqu and Binance are good examples of wallets with cheap transaction fees.
Choosing the best crypto wallet can be overwhelming because of the large number available today. Both hot storage wallets and cold storage wallets offer several benefits to users. It is important to choose a wallet that meets your requirements. While we recommend Roqqu, there are other good crypto wallets.

Best Nigerian Exchange Wallets

Over the years, cryptocurrency exchange wallets have become very popular among Nigerians because many people are involved with crypto. Everyone prefers to use crypto to pay for goods or services or, more commonly, to earn profit for investors.

Whether you're just getting started or not, one important decision is choosing the right wallet to use. Whether you want to buy, sell, or trade, it's important to have a reliable and secure wallet to hold your assets.

To help you make that decision, we'll highlight what to consider when selecting a crypto wallet and give you a tour of the best Nigerian exchange wallets.

What Are Exchange Wallets?

It is a digital wallet provided by cryptocurrency exchange platforms. Users can send, receive, and store cryptocurrency assets directly within the exchange’s ecosystem.

Unlike regular crypto wallets, you get this by default whenever you sign up for an exchange platform. They are there to facilitate crypto trading.

What to Consider When Choosing the Right Wallet

Here are a few factors you should consider before you choose an exchange wallet to use

Security:

The security level of an exchange platform is essential for safeguarding your cryptocurrencies, as they are valuable targets for hackers.
Since many exchange wallets have some centralization, you risk losing your assets if someone breaches the exchange platform. However, you can avoid this by choosing an exchange with better security features, such as two-factor authentication (2FA).

User Interface:

The interface refers to a platform's visual elements, layout, and interaction pattern. Some exchanges are harder to navigate than a maze, and the looks may be visually appalling to many clients, making the exchange wallet use upsetting. So, before you choose, consider aspects like ease of use, accessibility, visual design, and responsiveness.

Fees:

It's normal for exchanges to charge fees for certain transactions. However, some charge fees for most actions performed on the platform, such as deposits, withdrawals, trading, swapping coins, etc.

While some don't try to attach fees to every action, they sometimes have ridiculously high fees for the ones they charge for. That's why you should look for the pricing before choosing an exchange wallet.

Customer support:

Choosing a platform with good customer support is essential as it impacts your experience. You want a platform ready to respond whenever you have a complaint or difficulty navigating their website or app services.

Support should be easily accessible through email, phone calls, or live chat on the exchange platform. They should also be quick to respond, transparent, and capable of resolving various issues.

Take this to be a deal breaker. You’d want answers if your money suddenly goes missing, so if an exchange isn't capable of any of these, there's no point using their wallet, and you should look the other way.

The Best Exchange Wallets

You're probably here because you need help choosing a wallet. Here are some wallets you can start with.

Binance

Binance is one of the largest and most popular crypto exchanges globally. It offers many features for users, both traders and investors. It supports an extensive selection of over 350+ cryptocurrencies for its users to buy, sell, and trade.

The exchange offers users several features, like a wallet for storing crypto, good customer support, security, and low trading fees. It also offers trade discounts for users of Binance coins (BNB).

Although Binance's design appeals to users and investors alike, its interface could be better suited for beginner use.

Roqqu

Established in Lagos, Nigeria, Roqqu is a Nigerian-based crypto exchange and trading platform boasting 113+ tradable assets. Since its founding, Roqqu has had a user base of 1.6 million in and outside Nigeria.

Roqqu offers a bill payment processor that allows Nigerians to easily make international payments and pay bills like power bills, subscriptions, etc. You can convert crypto to naira and send it directly to your local bank.
You can directly deposit and transfer fiat currencies into and out of the exchange platform. It allows users to swap one type of crypto for another, crypto for fiat (Naira, USD, etc), and vice versa.

In addition to all this, Roqqu offers users a wallet app that they can use to send and receive over 75+ cryptocurrencies from anywhere in the world with zero deposit and withdrawal fees.

The platform's general user interface is very beginner-friendly and easy to access. Security is also rock-solid, as there's no history of hacking, and with its intelligent fraud detection, it detects AI fraudulent activities in milliseconds.

Luno

Luno is a crypto exchange and wallet platform with a secure and transparent trading and transaction system. Users can purchase, sell, and store crypto in the wallet.
It supports cryptocurrencies such as Bitcoin, Ethereum, Ripple, and Litecoin. It also has a mobile app for users to trade and transact on the go.
Luno also prioritizes security with measures like two-factor authentication. It is an ideal platform for both starters and experts.

Quidax

Quidax is known for its accessibility. Its user-friendly interface makes navigating the platform seamless and easy for even beginners.
It supports many cryptocurrencies, including popular ones like Bitcoin, Litecoin, Ethereum, etc. Quidax incorporates two-factor authentication and cold wallet storage techniques to secure user funds against theft.
For traders on the go, Quidax has a mobile app that helps users to oversee their funds and trade from their phones or tablets.

Bybit

Bybit is a straightforward crypto exchange focused on trading. It could be more beginner-friendly, as its design suits more advanced traders. However, it still offers a variety of features, like an exchange wallet and a crypto debit card, for easy payment.
As for security, Bybit protects user funds by storing most of them in cold wallets (which are offline and won’t easily give way to hacking). Bybit also has 24/7 customer support that is responsive and always there to help you when needed.

Finally, It's hard to decide which platform best suits your needs. As such, you can investigate any of these platforms to determine whether you want to try out their services.