Quantcast
Gimibits Launches Crypto Brokerage For Nigeria - BlockNewsAfrica
  • About
  • Contact
  • Content Policy
  • Partners
JOIN TELEGRAM
BlockNewsAfrica
Advertisement
  • Home
  • Resources
  • Countries
    • Nigeria
    • South Africa
    • Ghana
    • Kenya
  • Buy Bitcoin
    • Buy Bitcoin in Nigeria
      • Luno
    • Buy Bitcoin in South Africa
      • Luno
    • Buy Bitcoin in Ghana
      • Ebitcoinics
    • Buy Bitcoin in Kenya
    • Buy Bitcoin in Cameroon
    • Buy Bitcoin in Africa
  • DeFi
  • P2P Trading
  • Earn Bitcoin
No Result
View All Result
  • Home
  • Resources
  • Countries
    • Nigeria
    • South Africa
    • Ghana
    • Kenya
  • Buy Bitcoin
    • Buy Bitcoin in Nigeria
      • Luno
    • Buy Bitcoin in South Africa
      • Luno
    • Buy Bitcoin in Ghana
      • Ebitcoinics
    • Buy Bitcoin in Kenya
    • Buy Bitcoin in Cameroon
    • Buy Bitcoin in Africa
  • DeFi
  • P2P Trading
  • Earn Bitcoin
No Result
View All Result
BlockNewsAfrica
No Result
View All Result
Home Countries Nigeria

Gimibits Launches Crypto Brokerage For Nigeria

BlockNewsAfrica by BlockNewsAfrica
November 16, 2019
in Nigeria, Press Release
0
gimibits-nigerian-cryptocurrency-bitcoin-brokage-application
  • Save
5
SHARES
Share on FacebookShare on Twitter

The Gimibits crypto-brokerage app for Nigeria is now live on the Android Playstore! Gimibits is a cryptocurrency brokerage for Nigeria that connects to the world’s largest cryptocurrency markets to ensure that clients can buy and sell cryptocurrency instantly at the best prices.

The platform currently offers 20 trading pairs, a 0% deposit fee from over 50 banks using NIPS, and 0.05% trade fees during the Beta launch.

Gimibits is a product of Xpesa.io, an international financial firm offering trading products tailor-made for large and institutional investors in Nigeria, South Africa, and other African countries.

Gimibits Mobile Application

Fundamentally, the goal of the brokerage app is to make trading cryptocurrency easy, and safe — the pricing engine connects to the worlds largest exchanges allowing users to execute trades instantly at the best available prices, while the UI and UX ensure that every important function (buy, sell, refer, transfer) can always be reached with a single touch.

Additionally, everything required is contained within the app itself, including onboarding, KYC, bank verification, and customer support.

Gimibits uses BitGo as a trusted custodian to hold all reserve cryptocurrency, apart from sourcing liquidity through highly liquid and credible exchanges, with more exchanges to be added in the following weeks. BitGo is perhaps the most credible and trusted institutional custodian in the digital assets space worldwide, is responsible for almost a 5th of all Bitcoin transactions, deploys cutting edge security, and provides insurance for deposits.

1.       Trade 20 BTC and NGN pairs with a few clicks

2.       Deep liquidity and minimum slippage

3.       Secure, institutional-grade security through BitGo

4.       Unique price discovery algorithm always finds the best available price

5.       High limits on deposits and withdrawals

Beta Launch

gimibits-nigeria-logo
  • Save

To incentivize new users to try the platform out, Gimibits is offering 0% deposit fees, near 0% trade fees in combination with a highly liquid order book and some of the tightest spreads available on any Nigerian cryptocurrency exchange – making it one of the cheapest, easiest options to purchase cryptocurrency in Nigeria right now.

Additionally, the platform offers an appealing referral program; allowing people to apply others’ referral codes for a 10% discount, or sharing their own referral code with friends to gain 20% of all commissions earned by the platform.

1.       Referral program giving 10% fee discount for using another person’s code, and 20% of all trade commissions for referred persons

2.       0% deposit fees during Beta

3.       0.05% fees for each trade

Future Products

Gimibits next iteration will integrate a novel derivative trading platform, based on the multi-exchange model already used in the platform. This will allow users to long (bet that the price will go up), or short (bet that the price will go down) in an intuitive and easy to understand manner.

By managing net positions across various cryptocurrency derivative products, Gimibits will bring the simplicity of cryptocurrency spot trading to exotic financial instruments.

This will be followed by a web application, dubbed ‘Gimibits PRO’ for experienced traders, a payment gateway to allow merchants to deposit BTC and have it immediately converted and sent to their bank account, and regular prizes for top traders within the platform.

Additionally, the team will continue to spread awareness and curated educational content, and conduct surveys to spur adoption through its blog, and social media handles.

1.       Simple, easy to use derivatives platform offering high leverage

2.       PRO interface for more experienced traders

3.       Instant BTC to NGN payment gateway

4.       Curated content, news, and educational resources

Contact Gimibits

Website: https://gimibits.com/
Email: info@gimibits.com
Social Media: Twitter, Facebook, and LinkedIn.

This article is a paid press release. Readers are encouraged to do their own research.

gimibits-nigerian-cryptocurrency-bitcoin-brokage-application
  • Save
Tags: BrokerageGimibits
Lofi DeFi Lofi DeFi Lofi DeFi
Previous Post

Ghana Is Paxful’s 3rd Biggest Market

Next Post

Bank of Tanzania Issues Warning on Cryptocurrency

BlockNewsAfrica

BlockNewsAfrica

BlockNewsAfrica is a Ghanaian based media company that will provide information and data on the developments in the cryptocurrency and blockchain technology industry on the African Continent.

Related Posts

Binance Enables Instant Deposits For The South African Rand (ZAR)
  • Save
Press Release

Binance Enables Instant Deposits For The South African Rand (ZAR)

by BlockNewsAfrica
September 11, 2022
ascendex-lists-maple-finance-token-mpi-PR
  • Save
DeFi

AscendEX Lists Maple Finance Token, MPL

by BlockNewsAfrica
January 2, 2022
Double Your Crypto with 100% Bonus at JackpotCrypto Casino
  • Save
Press Release

Double Your Crypto with 100% Bonus at JackpotCrypto Casino

by BlockNewsAfrica
June 3, 2021
African Crypto Exchange, Quidax raises over $3 million on the worst day of Crypto
  • Save
Press Release

African Crypto Exchange, Quidax raises over $3 million on the worst day of Crypto

by BlockNewsAfrica
May 26, 2021
African Crypto Exchange Processes over $3.2 billion in transactions, announces global Expansion
  • Save
Press Release

African Crypto Exchange Processes over $3.2 billion in transactions, announces global Expansion

by BlockNewsAfrica
May 10, 2021
Next Post
Bank of Tanzania Issues Warning on Cryptocurrency
  • Save

Bank of Tanzania Issues Warning on Cryptocurrency

Things You Should Read

How To Buy Bitcoin in Africa
  • Save

How To Buy Bitcoin in Africa

April 15, 2020
Insights: After Reaching 4 Million Users, Luno Enters Kenya and Ghana Next
  • Save

Insights: After Reaching 4 Million Users, Luno Enters Kenya and Ghana Next

July 6, 2020
FTX Exchange Review – The Next Best Trading Platform?
  • Save

FTX Exchange Review – The Next Best Trading Platform?

September 18, 2020
beam-defi-roadmap-PR
  • Save

Beam Releases DeFi Roadmap

September 23, 2020
Facebook Twitter Instagram Youtube
BlockNewsAfrica

Cryptocurrency and blockchain news by Africa for Africans: We provide the latest news, updates, and developments from the African continent.

Find Tags

Algorand Binance Binance Coin (BNB) Binance P2P Binance USD Bitcoin (BTC) Bitcoin ATMs bitfxt Blockchain Blockchain and AI Africa Conference Bundle Buycoins Africa CryptoLocally DASH Earn Crypto eBitcoinics ERC 20 Ethereum Exchanges Fiat-On-Ramps FLASH FlashCoins Ghana Cedi ICE3X Jobs Litecoin LocalBitcoins LocalCryptos Luno Mobile Money NaijaCrypto Naira (NGN) P2P Exchange P2P Trading Paxful Privacy Quidax Remitano Ripple Tether USD Trading Tron (TRX) Twitter VALR YellowCard

Disclaimer: Information like articles, reviews, and tutorials found on BlockNewsAfrica is not investment advice. You are encouraged to do your own research (DYOR) before making any important decisions. You can always refer to our content policy.

© 2020 BlockNewsAfrica - Your ultimate African cryptocurrency companion.

No Result
View All Result
  • Home
  • Resources
  • Countries
    • Nigeria
    • South Africa
    • Ghana
    • Kenya
  • Buy Bitcoin
    • Buy Bitcoin in Nigeria
      • Luno
    • Buy Bitcoin in South Africa
      • Luno
    • Buy Bitcoin in Ghana
      • Ebitcoinics
    • Buy Bitcoin in Kenya
    • Buy Bitcoin in Cameroon
    • Buy Bitcoin in Africa
  • DeFi
  • P2P Trading
  • Earn Bitcoin

© 2020 BlockNewsAfrica - Your ultimate African cryptocurrency companion.

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?
Share via
Facebook
Twitter
LinkedIn
Mix
Pinterest
Tumblr
Skype
Buffer
Pocket
VKontakte
Xing
Reddit
Flipboard
MySpace
Delicious
Amazon
Digg
Evernote
Blogger
LiveJournal
Baidu
NewsVine
Yummly
Yahoo
WhatsApp
Viber
SMS
Telegram
Facebook Messenger
Like
Email
Print
Copy Link
Powered by Social Snap
Copy link
CopyCopied
Powered by Social Snap