We have been seeing a lot of cryptocurrency exchanges but Bundle Africa is unlike any of them. It merges both crypto and cash trading together and makes it so easy to use. Due to this new model, it is important that people truly understand the service better and how well to use it effectively.
Overview of Bundle Africa
Bundle is a social payment app that makes it easy to make both cash and crypto transactions.
You can deposit your local currency and purchase cryptocurrencies like Bitcoin, Ethereum, BNB, Shiba coin, Dogecoin and a lot of others. You can even purchase unique Manchester City Tokens
Apart from that you can also send your Bitcoin, Ethereum, USDT coins from your wallet to another wallet. If you want to send cash or crypto to another person on your phone contact, you just have to make sure that the person downloads the Bundle App so as to receive it.
It also offers nice exchange rates when you sell your crypto assets. There are versatile funding options and rigorous security standards. So you don’t have to worry about thefts. Above all, their very efficient and attractive UI/UX design would you fall in love with the idea of cryptocurrencies even if you have not been involved in it earlier.
Registering an Account
Now that you’ve gained a basic understanding of Bundle, if you want to create an account, you need to download Bundle’s App either from the Google Play store or the App Store. After downloading, you need to do the following:
- Register your mobile number
- Verify your mobile number with the verification code you will receive
- Set up your password
- Login to your account
Verifying Your Account
To deposit and trade your funds, you have to provide identification. There are two levels of verification. They are the Tier 1 and the Tier 2.
- Tier 1 verification allows the user to deposit only. You won’t be allowed to withdraw. It involves submitting your first name, date of birth as shown on ID. Your daily limit for this tier is $3500.
- Tier 2 Verification involves submitting your NIN and BVN numbers so as to confirm your identity. Your daily limit for this verification is $58,000.
It is advised that you reach the tier 2 verification so as to be able to fully enjoy all features that Bundle offers. After you submit the information required for the tier verification type you choose, it tells you that your account would be verified in 24 hours but on average, the process time is usually short and less than 24 hours.
Cryptocurrency exchanges are all required to have anonymity and security. Bundle does a great job at this, as it is one of the most secure exchanges in Africa. Bundle enables you to secure your account using fingerprint, passcode or Face ID depending on the device that you use. This is apart from the mandatory transaction Pin that would be required to perform transactions.
You can also hide your wallet balance anytime if you have an intruder or any threat of theft. You can easily do that by clicking on the wallet icon on your wallet card.
They also offer 2 level authentication that helps prevent your account from being breached. If you set up the necessary precautions, your Bundle account would most likely not be hacked considering the high-level security that Bundle provides.
How To Deposit to Your Account
Due to the recent ban on deposit of cryptocurrency by the Nigerian government, there has been a recent change in the process of funding your account.
Adding cash to your account is made easy by a new payment network called Cash link. To add your cash, click on the add cash button on your wallet card. Then click on the fund with the Cash link option and specify the amount you want to deposit. Bundle would automatically link to its suitable verified partners.
You then have to pick a partner and send the cash to the partner using any payment option of your choice. After the Payment, you can then confirm the transaction has been successful. It is very commendable how the deposit has been made easy despite the restrictions.
Trading on Bundle
If you want to buy cryptocurrency on Bundle, all you have to do is click on the cryptocurrency you wish to buy. You then choose whether it is your local currency you want to use or another cryptocurrency for the purchase. After the purchase, the sale would be updated on your transaction list within 1 to 5 minutes.
This above process is the same when you want to sell your cryptocurrency. After the trading process, you can easily convert to your local currency by clicking on the Withdraw button.
Extra Services Provided
Besides buying, selling, trading and sending crypto and fiat, Bundle offers extra resources to the benefit of the user.
Bundle’s Digital Token, BXD
BXD is Bundle’s very own digital token that is built on the Binance Chain. The choice of the Binance Chain as the blockchain is as a result of the ease of use and the better user experience it offers.
Just like DAOs, the Bundle team wants to involve bundlers in the decision making process of the company. Once it is introduced, millions of BXD would be given out. But to qualify for the giveaway, you have to be a bundler who has completed his/her KYC tier 2 and have traded more than BUSD on the app.
There would be a total of 2.1 billion BXD. There is a use of deflationary supply of tokens and it promises higher valuation in the future for holders. So as soon as it is up for trade, you’re encouraged to get yours.
Bundle has a feature that helps you understand everything basic thing you need to know about a cryptocurrency. Click on the about icon under a particular cryptocurrency page. Then click on the yellow ‘i’ icon and you would be shown bundle stories.
BUSD Fixed Vault
Bundle is also interested in helping bundlers saving habits. This vault allows you to lock a minimum of 100 BSD for at least 7 days. You would be able to earn interest on the amount you saved but you would not be able to withdraw it until the chosen date.
The bundle league is a monthly trading and referral competition with a prize pool of 400BSD. The league is open to all bundle newbies, enthusiasts and experts.
To earn 3 league points for the league, all you need to have bought or sold cryptocurrency worth at least 10 BSD.
You can earn league points by referring friends and ensuring that they have bought or sold cryptocurrency worth 10 BSD or less on Bundle within 15 days.
Bundle Referral Program
You can refer your friends and win N500. The person who clicks on your referral link must confirm their BVN and trade up to N5000 within their first 15 days on Bundle for you to get your commission. Your referrals would also be paid N500 on joining.
Bundle has and will likely be, a contender for the best available and innovative cash and crypto exchange platform. Bundle has not only made it very easy for cryptocurrency newbies to start trading but it even provides incentives for professionals looking for an exchange.
With the special extra features that have been added and the efficient security measures the platform has maintained for a long time, its no doubt that they will keep adjusting themselves in the future so as to provide its users with the best service possible.