tag:blogger.com,1999:blog-46208082526130165082024-03-08T11:57:34.367-08:00NairaFinEx BlogNairaFinEx is the Best and Cheapest online digital currency exchange and trading platform in Nigeria. <a href="https://nairafinex.com">Visit NairaFinex</a>Unknownnoreply@blogger.comBlogger6125tag:blogger.com,1999:blog-4620808252613016508.post-69770341949713403672016-12-16T15:24:00.000-08:002017-05-24T03:23:38.042-07:00Summary of FeesOur hope is to be able to provide a platform free of charges, but it is impossible for a business to stay afloat in this sector bearing transaction charges of customers. We have offered a 0% Deposit fee, 0% Trading Fee, 0% Exchange Fee and 0% Withdrawal fee from the day we launched - 4th December 2016.<br />
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For Naira transactions, we pay N50 CBN stamp duty charge for every deposit you make. We also pay N50 (formerly N100) for every withdrawal to a bank account, plus 5% VAT and a variable COT that is less than 0.5%.</div>
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For Bitcoin transactions, we pay a minimum of 0.0002BTC for every deposit you make. We also pay a variable network fee when sending out BTC to make sure it gets added to the blockchain early enough.</div>
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However, some customers take advantage of this to deposit, withdraw and do the same thing over and over again without actually transacting in the exchange market on the platform. This repeated action increases the cost we bear. We figured that putting a fee to our service will bring this to an end, and give us a little benefit too.</div>
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On January 1, 2017, we introduced a small fee/commission for withdrawals only. Deposit, exchange and trading would still be free. The fee for withdrawal will be as follows:</div>
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<b>Naira Withdrawal</b></div>
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0.5% of withdrawal amount. </div>
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Minimum: N200</div>
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Maximum: N2,000</div>
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<b>Bitcoin Withdrawal</b></div>
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Fixed Fee: 0.001BTC</div>
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Therefore, to be able to withdraw a certain amount of bitcoin, ensure to add 0.001BTC to it. For example, if you hope to get 1.2BTC sent to a wallet address, please withdraw 1.201BTC.<br />
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We are also receiving feedbacks from customers for the best method to handle these fees. We would love to hear from you too.</div>
Unknownnoreply@blogger.comtag:blogger.com,1999:blog-4620808252613016508.post-56344759805048727432016-12-16T14:59:00.000-08:002016-12-16T15:03:25.541-08:00Exchanging Currency - Naira to Bitcoin or Bitcoin to NairaThe currency exchange market could be very confusing to a banker, not to talk of a newbie. To make it easier for you or people in quick need of exchange, we introduced what we know as Instant Purchase. We shall explain Instant Purchase before going ahead with Exchange Market.<br />
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<a name='more'></a><b>Instant Purchase</b><br />
To buy bitcoin with Naira in your account, click on Menu and then Instant Purchase. Select Buy Bitcoin, and enter the amount of Naira you have. You will be shown how much bitcoin that would get you. This rate is determined by what is available in the market. To make sure you get a better rate, we try to break maximum amount you can purchase at once, and the price keeps rising with each purchase if done immediately, because cheaper bitcoins are purchased for you first before the expensive ones. Enter your PIN and confirm the transaction.<br />
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To sell your Bitcoin and get Naira into your account, click on Menu and then Instant Purchase. Select Sell Bitcoin, and enter the amount of Bitcoin you have. You will be shown how much Naira that would get you. This rate is determined by what is available in the market. To make sure you get a better rate, we try to break maximum amount you can sell at once, and the price keeps falling with each purchase if done immediately, because expensive buyers are given to you first before the cheaper bids. Enter your PIN and confirm the transaction.<br />
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<b>Currency Exchange Market</b><br />
This is a better option because you get a chance to fix the rate you wish to sell or buy bitcoin. But this option can take very long if your price is so far from what is obtainable in the market, and is also risky because a little mistake in fixing your rate could spell doom. Take for example you wish to buy bitcoin and you set the rate at N1m, and the amount of Naira you have as N1m too. This means only 1BTC will be gotten for you, whereas your rate should have been less to get higher amount of bitcoins.<br />
You can use this option to sell and buy bitcoins. Some people trade with this.While this is good to make some profits, please be mindful that you could lose money trading currencies, and all profits should be reported to local tax authorities.<br />
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You can find a list of all your exchanged funds, or those listed and not exchanged yet from Menu, Account and Funding support, Exchanges. There is also a shortcut to My Listing in the currency exchange market which shows unmatched listings.<br />
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After buying your bitcoin, you can use withdrawal to get it to a wallet address.Unknownnoreply@blogger.comtag:blogger.com,1999:blog-4620808252613016508.post-90559313194438256852016-12-16T14:44:00.001-08:002016-12-16T15:03:48.947-08:00Withdrawal/Getting Your Funds Out of NairaFinExAfter buying bitcoin, or after selling bitcoin, what troubles people is how to get their Naira to their bank accounts or bitcoins to their wallet addresses. This is very easy, if you follow my lead.<br />
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<a name='more'></a>Click on menu, then account and funding support. You will find a link to withdrawal. Click on it and select the currency you wish to withdraw.<br />
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If you choose Naira, then you must have a bank account in your name, where you can withdraw the money into. Make sure you have your PIN and password ready. Bank withdrawals take a maximum of 24 hours to get delivered on working days, but could take longer in weekends and public holidays. Please check with your bank if Admin says your fund was sent, but you have not received it, before following up with Admin again.<br />
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If we ever get a reversal, we try to resend the payment almost immediately through another method such as NEFT or NIP.<br />
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If you are withdrawing a cryptocurrency to a wallet address, please enter the amount and continue until you are asked for your wallet address. We send these in batches and try to make sure they are processed within minutes of your requests, but when we get so many requests, it could take longer. Please allow a maximum of 24 hours before writing to support.<br />
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<br />Unknownnoreply@blogger.comtag:blogger.com,1999:blog-4620808252613016508.post-62356060664169969942016-12-16T14:34:00.001-08:002016-12-16T14:34:14.911-08:00Deposits/Funding Your AccountFor you to be able to make transactions with your account on Nairafinex, it needs to be funded. Funding an account could be in Naira, Bitcoin or any value available.<br />
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<a name='more'></a>Click on Menu, then find Account and funding support. Click on it and see a deposit link. This same deposit link can be found directly on the menu or on the homepage.<br />
Select the currency you wish to deposit and type the amount. Follow the process until you are given an account number to pay into if you are using bank deposit, or a wallet address to fund, if you are using wallet addresses.<br />
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After making bank payment, you must enter either a teller number, internet banking transaction reference or whatever remark you used while making the transaction, alongside the date.<br />
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After making cryptocurrency payment, you must enter the transaction hash before marking that you have made the payment.<br />
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Once you have submitted payment details, an admin shall make sure your account is credited. Bank transfers could be instant, but could be delayed sometimes due to congestion. Please allow a maximum of 24 hours for us to get your funds and credit you.<br />
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Wallet address funding can also require confirmations which could be slow a times. You must be credited once you have updated your payment information with the correct data.<br />
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If you are not credited after 24 hours, then you can contact us.<br />
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Thank youUnknownnoreply@blogger.comtag:blogger.com,1999:blog-4620808252613016508.post-41430822601105070272016-12-16T14:24:00.000-08:002016-12-16T14:24:34.405-08:00NairaFinex Verification ProcessOften times people wonder why it is important that we know our customers. This is necessary because we need to protect our customers and ourselves from fraud and try our best to follow ethical guidelines. Our verification process is very simple.<br />
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<b>1. Phone Verification</b><br />
Immediately after registration, you will be brought to a page where you must enter a code sent to your phone number. Because of DND, it is possible that some customers will not get this code so we also have provision for manual verification.<br />
To be verified manually, please use your Account Support link to write admin and instructions will be given for you to send some information like username and email from your account phone number to a particular number.<br />
If you happen to need to do this again, just click on Menu and then select Verification/Settings Tab.<br />
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<b>2. Identity Verification</b><br />
Just after phone number verification, scroll to the bottom to see a link to identity verification where you would be required to upload a recent identity card that shows your account name in full and your face. Here, you can edit your full name in case it is different from what you have in your card.<br />
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<b>3. Address Verification</b><br />
Scroll down after identity to see a link to the next. Address can be verified by uploading any utility bill or bank statement of account that is recent (less than 3 months old) and bears your full address and name. Utility bill could bear a different name, but must bear exactly the address in your account.<br />
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After you have done these, simply scroll down to see a link to support. Click on it and write a message so that Admin can know you are ready for verification. Your information will be reviewed in 24 hours and a response given.<br />
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If you are required to make amends, please follow the instructions. If you have submitted the right information, you shall be verified, and your account shall be ready for use.<br />
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We reserve the right to request more documents from you if we find reasons to. Please kindly supply any required document if you have it or communicate with the Admin to find other solutions to verify that we can transact safely with you.<br />
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Thank you for reading.<br />
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<br />Unknownnoreply@blogger.comtag:blogger.com,1999:blog-4620808252613016508.post-16765548140380027792016-12-16T14:05:00.000-08:002016-12-16T14:24:47.164-08:00Welcome To NairaFinex BlogHi, my name is Ekene. I am here to guide you on how you can use Nairafinex.com even if you just signed up today, without having any issues.<br />
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In case you don't know what we do at Nairafinex, let me give you a brief explanation. At Nairafinex, we let people list cryptocurrency such as Bitcoin (which is available), Litecoin, Dogecoin etc. for sale for a specific price in the Nigerian currency - Naira.<br />
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People with Nigerian currency - Naira - whom are hoping to buy Bitcoin and other cryptocurrencies are also able to buy these at their own set rate.<br />
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If you wish to exchange bitcoin to Naira, or Naira to bitcoin, then go ahead and sign up at Nairafinex.com<br />
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Besides this, we are looking at introducing more services that will add value to the use of our services.<br />
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Please follow this blog for very brief and simple tutorials on how to get things done on Nairafinex.<br />
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Thank you for readingUnknownnoreply@blogger.com