Remitano, one of the most popular peer-to-peer cryptocurrency marketplaces in Nigeria, has added a fiat wallet for Naira (NGN).
This brand-new Naira fiat wallet will allow users (of Level 2 and above) who require quick transfers between Naira and crypto on the platform. With the added Instant Trade feature, users can make fast, unlimited deposits from Naira into their Remitano accounts.
Unlike before, the upgrade allows traders on Remitano to pay out fiat money much quicker while receiving cryptocurrencies faster.
This latest feature prevents unwanted delays that commonly occur on other similar platforms during the process of depositing, buying or selling crypto. Security measures such as scam detection and fixed rates have also been enhanced, ensuring a safe and seamless user experience.
Buy and Sell Crypto with Naira Instantly
The new NGN fiat wallet can be used to store or convert cryptocurrencies to the local currency — Naira. Previously, Nigerian users looked to buy or sell Bitcoin and popular altcoins on Remitano are limited by completing transactions via bank transfer.
By using the fiat NGN wallet instead, users can deposit or withdraw Naira directly from the platform without the additional step of making a bank transfer. This will dramatically reduce transaction delays and eliminate man-in-the-middle scams.
With the rapidly rising demand for Bitcoin and altcoin trading in Nigeria, Remitano provides a local trading platform where buyers and sellers have access to an escrow service. The added feature of Instant Trade into the NGN wallet means that users gain the following benefits:
- Receive coin to the NGN wallet immediately after buying.
- Have transactions completed automatically.
- Deposit and withdraw in NGN securely and in a shorter amount of time.
- Experience trade completions even while the user is offline.
- Deposit up to N300,000.
- Receive payment to the user’s bank account from the fiat wallet immediately after selling.
Read this guide on how to deposit and withdraw on a fiat wallet.
Receive 50% Fee Refund on Delayed Transactions
Remitano is also offering a 50% refund guarantee on transaction fees for transfers delayed for more than 15 minutes. Starting from February 10 2020, buyers whose payments are not completed within 15 minutes will receive 50% of the transactional charge.
Read more about Remitano fast guarantee.
Since 2014, Remitano has been committed to improving and shaping the crypto market by developing a stage where users can safely trade, store, and retrieve their assets. Stemmed from Babylon Solutions, Remitano is one of the fastest-growing escrow companies present in many countries, including the USA, Australia, Vietnam, Nigeria, Malaysia, Cambodia, and China.