Bitfxt review (is bitfxt legit?)

Bitfxt review (is bitfxt legit?)

Bitfxt review (is bitfxt legit?)

Read all about Bitfxt in this Bitfxt review.

Bitfxt is a bitcoin marketplace, it allows people from all around the world to safely buy & sell bitcoins.

Bitfxt is a fast growing African start up that serves as a marketplace for cryptocurrency investors to buy and sell their cryptocurrency in a fast, secure & affordable exchange for fiat currencies like Naira & US dollar.

Bitfxt offers low trading fee, instant deposit & withdrawals, low coin listing for cryptocurrency traders around the world.

In this bitfxt review, am going to be writing about all you will need to know about Bitfxt, and answer questions like “How to buy bitcoin on bitfxt”, “How to sell bitcoin on bitfxt”, “bitfxt fees”, “How to trade on bitfxt”, “How to sign up on bitfxt”, “Bitfxt affiliate program”, “is bitfxt legit?” and more.

Remember to leave us a comment after you finish reading and also share with your friends on social media.

Let’s get into it then…

What is Bitfxt?

Bitfxt is a fast growing African start up that serves as a marketplace for cryptocurrency investors to buy and sell their cryptocurrency in a fast, secure & affordable exchange for fiat currencies like Naira & US dollar.

Bitfxt offers low trading fee, instant deposit & withdrawals, low coin listing for cryptocurrency traders around the world.

It is located in Lekki, Lagos state, Nigeria and is focused on promoting cryptocurrency adoption across Nigeria and Africa.

Read My Yellowcard review

Bitfxt supported cryptocurrency

The following cryptocurrency are supported on Bitfxt:

  1. Bitcoin
  2. Ethereum
  3. Flashcoin
  4. DASH
  5. Chainlink
  6. Binance coin
  7. Tatcoin
  8. Tron
  9. Bitfxt coin

How to sign up on Bitfxt (Getting started on Bitfxt)

To sign up on Bitfxt is very easy, all you have to do is follow the below steps:

  1. Visit the Bitfxt official website https://bitfxt.com
  2. Locate the MENU at the top right hand corner of your screen.
  3. Click on REGISTER
  4. A form will show up and you will have to fill in your username, email address, password, phone number and country.
  5. After filling the form, pass the CAPTCHA test, and click on the SIGN UP button.
  6. Check your email address for a confirmation message and click on it to activate and log in to your account.

After activating your account, you will need to verify your identity. To verify your identity, you will need:

  1. An active phone number
  2. Your Bank verification number (BVN)
  3. A selfie with you holding a paper written the date & Bitfxt.

How to buy bitcoin on Bitfxt

To buy bitcoin on Bitfxt. Follow the below steps:

  1. Transfer some money into your Bitfxt account. You must be logged in to do this.
  2. Go to the deposit section and select preferred method of transferring funds.
  3. Specify the amount you want to deposit.
  4. Click on proceed to make payment using your credit card.
  5. Once your deposit is received by Bitfxt, your account will be credited & then you can buy bitcoin right away.
  6. Go to Trade section & place an instant buy order which will automatically buy bitcoin at the lowest price offered on the market.
  7. You can also place limit order, where you will need to set price in which you are willing to buy bitcoin.

How to sell bitcoin on Bitfxt

  1. Load your Bitfxt account with bitcoin. You must be logged in to do this.
  2. Click deposit button & select method bitcoin.
  3. You will be given a unique approximately 34 alphanumeric characters long deposit address that will serve you as an address for receiving bitcoin to your account.
  4. Once you have your account loaded with bitcoins, you will need to go to Buy/sell page and place a sell order.
  5. You can do that by placing instant sell order which will automatically sell your bitcoin at the highest price offered on the market.
  6. You can also place limit order, where you will need to set the price at which you are willing to sell your coins.
  7. Once sold, you can withdraw your funds in USD or NGN.

How to trade on Bitfxt

Bitfxt offers different types of trading.

Quick Buy & sell model

  1. After creating an account, navigate to the MENU panel at the top right hand corner of your screen.
  2. Select Quick Buy/Sell
  3. Scroll down to the form and fill in your sell (coin you want to sell), receive (coin you want to sell), amount to sell/quantity”) and purpose.
  4. Click on Swap.
  5. The coins will be sent to your wallet instantly.

Trade4me model

  1. First sign up for a boundless pay account.
  2. Generate your wallet or import if you have one already.
  3. Select the MENU button at the top left of your screen.
  4. Click on deposit & select the method with which you want to fund your wallet.
  5. When your wallet is funded, head back to the MENU and select EARN>TRADE4ME
  6. Proceed to select any of the offers presented.
  7. Select your preferred offer.
  8. Click on Trade Now.

Bitfxt fees

Deposit and withdrawal fees

BTC – Withdrawal fee – 0.00016668

BTC – Deposit fee – 0

ETH – Withdrawal fee – 0.01600000

ETH – Deposit fee – 0

USD – Withdrawal fee – 6.00000000

USD – Deposit fee – 0

NGN – Withdrawal fee –  200.00000000

NGN – Deposit fee – 0

Trading fees

BTC/NGN 0.0010 to 1000000.0000NGN 0.25%

ETH/NGN 0.0100 to 1000000.0000NGN 0.90%

BTC/ETH 0.0010 to 100.0000ETH 0.75%

Quick buy/sell fees

ETH/NGN 1.0000%

BTC/NGN 1.0000%

NGN/ETH 1.0000%

NGN/BTC 1.0000%

ETH/BTC 2.0000%

BTC/ETH 2.0000%

NGN/USD 3.0000%

USD/NGN 3.0000%

Bitfxt affiliate program

Bitfxt allows you to earn up to 50% commission every time your referred friends trade on Bitfxt.

To join the affiliate program:

  1. Login to your account on Bitfxt
  2. Click on referral program on the MENU
  3. Click on Join referral program to generate your referral link.

Is Bitfxt legit?

Bitfxt is a legit exchange to trade cryptocurrencies, they are well funded and have a lot of international partners.

Bitfxt has been listed on coinmarketcap, and is one of the fastest growing tech company in Africa. So, if you are looking to trade cryptocurrency on the platform, you should have no issues.

Bitfxt customer support

If you want to contact Bitfxt, you can reach them on the following channels:

Email: info@bitfxt.com

Call: +447537102214

Address: Bitfxt, 8 providence street, Lekki, Lagos, Nigeria.

Frequently asked questions (FAQs)

Who is bitfxt founder?

Bitfxt founder is Franklin peters.

Is Bitfxt legit?

Yes, Bitfxt is a legit platform to trade cryptocurrency.

Alternatives to Bitfxt

If you decide against using Bitfxt, there are other good exchanges to buy cryptocurrency in Nigeria.

If you want to get involved in buying and selling cryptocurrency, you could try these trusted Nigerian exchanges.

Yellowcard:

Yellowcard.io is a cryptocurrency exchange that allows its users to buy bitcoin with a variety of payment methods, with low fees and at competitive rates.

It was founded by Chris Maurice in USA sometime around 2016. Yellowcard has expanded operations and is now available in African countries like Nigeria, Botswana, Tanzania, Kenya, Cameroon and south Africa.

Naira4dollar:

Naira4dollar is a company of sunej global ventures limited, it is an e-currency exchange company that has been in operation since as far back as 2006.

Naira4dollar is registered with the CAC with registration code RC-1069456.

Instantgold Nigeria:

Instantgold Nigeria is a Nigerian e-currency exchange that was established in the year 2007, they specialize in the provision of fast and efficient e-currency exchange to their clients.

Nairaex:

Nairaex is a Bitcoin exchange platform that is based in abeokuta, ogun state, Nigeria.

Nairaex is into buying and selling of different types of e-currencies, unlike peer to peer exchange, that already have in stock whatever e-currency that you want to buy.

Remitano

Remitano is owned by Babylon solutions limited, a Seychelles based company, it is a cryptocurrency exchange that was founded in 2014.

Remitano just like coincola is not a direct exchange, but a peer to peer exchange.

Remitano allows sellers to list their crypto assets for sale. When a buyer requests to buy a crypto asset, the seller transfers the crypto asset to remitano’s wallet.

When the buyer has paid the agreed amount to the seller. Remitano remits the locked coin to the buyer

Conclusion

Thank you for reading my Bitfxt review, if you have any question, you can leave it in the comment section below or visit our contact page.

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