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Bitpapa is a cryptocurrency exchange. The service appeared on the international market in 2018 and has been actively evolving since then. At the beginning of 2020, the site launched its own Telegram bot called Telegram BitpapaExpress. In this post, you will take a closer look at the opportunities the project offers to its clients and find out if btc to naira. is a scam or a reliable exchange for cryptocurrency trading.
Why Bitpapa?
Bitpapa is a p2p cryptocurrency exchange. The platform appeared on the market three years ago and actively gained popularity. The company focuses on the international market. Therefore, the interface of the official site is displayed in Russian and English. The company’s head office is located in the United Arab Emirates, which the organization is under control. The platform allows its customers to exchange rubles, dollars, or euros for Bitcoin or Ethereum. It also supports popular payment systems and banks. The advantage of the company is its automated escrow system, meaning the platform acts as a third party. This will automatically block the cryptocurrency before the counterparty confirms the transfer of the order. The bitpapa is suitable for both experienced users and beginners. With a simple and clear interface, there is no terminal on the site. Therefore, traders will not need additional time to understand the functionality.
How to trade cryptocurrency on the Bitpapa platform?
In currency exchange, Users must register their profile and verify their email address. The customer should then go to “Buy” or “Sell” and select the appropriate offer from the list and the next step is to send a request to the seller. In this action form, specify the amount of cryptocurrency to sell/buy. After the request is approved, Users can transact the cryptocurrency.
Verification at bitpapa.com:
Therefore, there is no compulsory verification process on the https://bitpapa.com. website to secure your account. You can enable two-factor authentication. To do this, go to “Security Settings,” select the required tab and enable authentication. This site differs in that users can choose a method to verify each other. Therefore, one customer can request to provide a document proving the identity of the other party.
Deposits and withdrawals:
The user will need to go to his profile at bitpapa. and click on the wallet icon in the upper right corner. Then you should select the type of cryptocurrency and click on the “Get” button. An address will be displayed in front of the user, which should be inserted into the e-wallet from where the transfer will be made. To withdraw money from the site, the user should click on the wallet icon and the “send” button and then enter the address of the wallet to which the transfer will be made. To withdraw all funds at once, Customers can click on “Max.”
The company does not charge commissions for user transactions. To withdraw funds to electronic wallets, Traders are required to pay a commission of 0.5% of the amount. Internal transfers are commission-free. There is also a commission for the Bitcoin and Ethereum networks, which is directly dependent on the load on the network.
