The cryptocurrency trading market is undergoing a rapid transformation in Africa, especially in Nigeria, which is creating opportunities for new cryptocurrency inventions including trading websites and mobile apps. In the past six years, thousands of cryptocurrency exchange platforms have emerged, making it simpler for Africans to trade cryptocurrencies.
In this post, I’ll contrast and compare Breet and Remitano, two of the best crypto apps to sell Bitcoin in Nigeria. Before we compare these two crypto platforms, let’s quickly go over how they work.
Breet
Breet uses an over-the-counter (OTC) trading platform where anyone can sell Bitcoin and receive money in their Naira bank account instantly. Breet is an automated crypto-to-fiat tool that enables rapid exchanges between cryptocurrencies and fiat money without the need for peer-to-peer trade.
With Breet, you can exchange and withdraw Bitcoin in under 5 minutes. No withdrawal fees or surcharges apply at Breet. Other standout features include per-user scoring, strong security, and dependable 24/7 customer support.
Remitano
Remitano is a well-known digital asset trading platform in Nigeria that makes peer-to-peer cryptocurrency trading possible. To enable seamless transactions, Remitano’s P2P platform functions as a middleman between vendors and buyers. In this manner, it is risk-free to purchase and sell bitcoins in Nigeria.
Traders are categorised by Remitano according to the bank they use and their country of origin. To guarantee that trades between traders are completed as soon as possible, this is done. Remitano distinguishes itself from other P2P exchanges with its round-the-clock live chat customer assistance. Nigeria is one of Remitano’s biggest marketplaces in Africa.
Breet VS Remitano: Which Is Better?
This comparison considers crucial factors for picking the best cryptocurrency platform. These components include:
- Exchange systems
- Accepted countries
- Security
- Credibility
- Fee
- Exchange Rate
- Limit
- Accepted coins
- Accessibility and interface
- Customer support
- Bonus points
- Referral process
- Transaction Speed
1. Exchange Systems
Breet rapidly converts cryptocurrency tokens into their fiat equivalents through an OTC cryptocurrency trading mechanism. Remitano is a peer-to-peer exchange, so in order to trade cryptocurrencies on Remitano, another buyer, seller, or third party must accept the offer and confirm payment.
P2P transactions are often slow and are not a good alternative for users and businesses of cryptocurrencies who need to swiftly convert their cryptocurrency holdings into cash. With Breet, you may trade cryptocurrencies in their entirety without having to wait for your peers to finish all the necessary transactional processes.
2. Accepted Countries
While Remitano exclusively works in Vietnam, Cambodia, China, Malaysia, Nigeria, and Australia, Breet only does so in Nigeria and Ghana.
3. Security
Security should be taken into account before utilising any crypto trading platform because it is a crucial component. Breet is unharmed. During registration, you have the option to utilise two-factor authentication, but in order for your account to function, your email address must first be validated. Personal information must be registered securely with Remitano as well.
Investors take extra care to prevent trading with the wrong people because wrongful trading is on the rise. Although I don’t believe Remitano uses two-factor authentication, login information is always needed to access your account.
The Breet software offers customers two-factor authentication in addition to other features like fingerprint unlock. Both Breet and Remitano operate KYC (Know Your Customer) procedures.
4. Credibility
Can you trust Breet and Remitano? If you want to know if a trading platform is reliable, read client reviews. Breet has a 4.5-star rating in the Google Play Store and a 4.1-star rating in the App Store, respectively. On Trustpilot and Google Play Store, Remitano has ratings of 4.7 and 4.4, respectively. This implies that both platforms are unquestionably reliable and trustworthy.
5. Fee
There are no transaction costs or percentage reductions while using Breet, Breet is completely 100% free. There are some charges from Remitano when making certain transactions like withdrawals. This round was won by Breet.
6. Exchange Rate
After careful examination, there isn’t much of a difference between Breet and Remitano’s exchange rates.
7. Limit
Determining the trading limitations on any trading platform you use is also recommended. There are no withdrawal or trading restrictions on Breet. You are allowed to trade any amount of cryptocurrencies.
8. Accepted Coins
It is clear that Remitano only trades 6 cryptocurrencies which are, Ripple, Litecoin, Bitcoin Cash, Ethereum, USD Tether, and Bitcoin. Breet supports the following cryptocurrencies: Bitcoin, Ethereum, Litecoin, Tether (USDT), Dogecoin, and Bitcoin Cash. In comparison, both Remitano and Breet’s trading platforms are the same and support a similar selection of cryptocurrencies.
9. Accessibility and Interface
Remitano functions on both the mobile app and the web. All iOS and Android smartphones can access Breet. The business has stated that it intends to make it available on the web as well.
For amateur users, the Remitano website can be challenging, however, the Breet app is incredibly simple to use.
SEE ALSO: Breet VS Luno
10. Customer Support
Remitano claims that the customer service staff is accessible around-the-clock. Support for Remitano is offered over Email and via LiveChat.
Breet offers customer service around-the-clock based on user reviews and endorsements. anytime during the day or night. Furthermore, there are other options to get in touch with Breet, including phone number, email address, live chat feature, WhatsApp, Twitter, Facebook, and Instagram. This implies dependability and dependability. Customer support at Breet is superior to that of Remitano.
11. Bonus Points and Referral Process
All of Breet’s users have access to point incentives that can be converted to cash. Remitano, in contrast, does not have bonus points. Although, both platforms have referral schemes.
12. Transaction Speed
How quickly can I trade bitcoins with Remitano or Breet? While trading on Remitano can take up to 10 minutes, it merely takes a few seconds on Breet. P2P-based crypto trades take longer, although the following statement is more accurate: The fastest time for a P2P transaction is typically 5 minutes. Usually, it takes a few hours. This is so that the money cannot be unblocked until both parties have approved the proposal and verified payment. This process could require several hours. Breet is typically quicker because you don’t have to wait and the money is deposited right into your bank account.
Conclusion: Breet VS Remitano
Remitano and Breet are both excellent crypto trading apps in Nigeria to buy, sell, and trade bitcoins. Breet is a simple-to-use platform that supports a wide variety of cryptocurrencies. Remitano is a trustworthy platform with an intuitive user interface that caters to people who are old to trading cryptocurrencies.
Your particular demands and tastes will ultimately determine which platform is ideal for you. If you want a platform that is easy to use, has an excellent customer support and has quick trade times, Breet is the one for you.
