Guess you are wondering why Blockvila is making the news again. Fret not; it’s actually for a good cause!
Allow me to introduce Blockvila P2P, the #1 cashback and profit sharing exchange.
Blockvila unveiled Blockvila P2P in January 2021; that is 5 years after starting up as a broker exchange.
In today’s post, you will learn (to the very last detail) all about the Blockvila P2P platform and how to use it.
If you are ready, let’s get started at once.
In this section, you will find all the subheadings that will steer the course of today’s post.
The subheadings are:
- Blockvila P2P Overview
- Distinct Features
- Blockvila P2P Services
- Supported Coins, Countries, and Payment Options
- Fees and Verification Requirements
- Blockvila P2P Customer Support
- Frequently Asked Questions (FAQs)
Each subheading contains a link to where its details were discussed. Just click on any of them to view the details.
Going straight to discussing the very first subheading below.
1. Blockvila P2P Overview
Blockvila is a liability company that is registered under the Corporate Affairs Commission (CAC) of Nigeria as Blockvila Limited (RC. 1612671).
It launched as a broker cryptocurrency exchange in 2016 as NgExchanger but later rebranded to Blockvila.
In April 2020, it started up Bitcoin mining in partnership with a reputable mining company.
In January 2021, Blockvila launched its P2P exchange where it brings traders together and moderates the trade via an escrow system.
The escrow system works thus:
The seller funds the escrow with assets. The assets are held on to by Blockvila P2P. The buyer then makes the payment for the asset to the seller.
After confirming the receipt of funds, the escrow now releases the assets to the buyer.
To ensure a smooth experience for its users, the exchange groups traders based on their bank and country.
In the next subheading, you will find information about the features of this platform.
I must say Blockvila P2P possesses some amazing peculiar features. Let’s go read through below.
2. Distinct Features
- Improved user interface
- Increased security
- AML/KYC compliance
- Excellent support system
- Multiple coins support
- Instant funding/withdrawals
- Referral bonus
- Leaders benefits
- Cashback bonus
Moving on, we will be looking at the services they offer next.
3. Blockvila P2P Services
It offers the following services:
- P2P Exchange
- Cashback Services
- Leaders Benefits
- Referral Bonus
- Coin Swapping
Here is where the traders meet to trade with one another.
They get to buy or sell from/to each other and make payment in their local currency.
All these are done under the safety of the escrow system of course.
You can buy/sell from/to an already placed buy/sell advert or go ahead and create your own advert.
I will explain more on how this is done in a later subheading. For now, let’s see the rest of the services Blockvila P2P offers.
Blockvila P2P offers wallet for all the supported cryptos.
So there is no need for you to worry where your coins will be sent when you are trading on the platform.
When trading with Blockvila P2P, 18% of your transaction fees will be paid back to you every 3 months for 5 quarters.
What this means is that within 15 months, you would have gotten back about 90% of your fees as bonus.
Now, ain’t that awesome?
Blockvila P2P shares 20% of the transaction fees paid with leaders on the platforms at the end of every quarter.
To become a Leader, you have to be among the top 5 highest traders or referrers of that quarter.
So at the end of the quarter (90 days) countdown, the top players will be booked and their earnings sent to their earning wallet.
Yeah, I know; everyone does referral! But trust me, this is different.
On Blockvila P2P, you get to earn a 20% transaction fee bonus on all your referrals for 12 months.
What this means that for every trade that your referral performs, you will earn 20% off the transaction fees they pay.
And it’s not just a one-off thing; it’s for a complete year – 12 whole months!
Now that’s a great deal!
The platform allows you to swap your coins for another e.g swapping BTC for VILA, ETH for USDT, etc
However, the option to swap VILA for another coin is not available at the moment.
Having listed the services, we will move on now to see the supported coins and countries that can use this platform.
4. Supported Coins, Countries, and Payment Options
- Bitcoin (BTC)
- Ethereum (ETH)
- Tether (USDT)
- Blockvila coin (VILA)
- NGN and the fiat currencies of all the supported countries
The good thing about this platform is that you can access it from any country you find yourself in.
But as at this early stage(January 2021), ONLY Nigerians can use the platform.
When you trade, you can make payment in your local currency seamlessly.
Supported Payment Methods
- Bank Transfer
Up next is information on the fees, limits, and the requirements for registration.
5. Trading Fees and Verification Requirements
- Makers – None
- Takers – 0.6%
- Swapping – 0.5%
- Email address
- Phone number
- Proof of identity: Passport, Driver’s License, National ID, Voter’s Card
- A clear image of yourself holding your proof of ID
Having concluded this part, we will be looking at customer support.
Just scroll down.
6. Blockvila P2P Customer Support
You will find a comprehensive knowledge base where most questions users might have were answered.
However, for further inquiries, you can reach the team via the following channels:
- Live Chat
- Email – [email protected]
- Phone numbers – +(234)7053590609, +(234)8103996021
Hey, don’t stop reading yet; there’s more!
I provided answers to some commonly asked questions about Blockvila P2P in the next subheading.
Read through below.
7. Frequently Asked Questions (FAQs)
To start up using this platform, you have to follow these steps:
1. Sign Up first. Go to blockvila.com and click on ‘Sign Up/Login’.
2. It opens up a dialog box. Input your email and click on ‘Continue’.
3. A link will be sent to your email. Click on the link to log in.
4. This opens up to the platform’s home page.
Congratulations! You now own a Blockvila P2P account.
You can now go ahead and perform a trade either by clicking on an advert or by creating your own advert.
NOTE: TO TRADE, YOU HAVE TO COMPLETE KYC.
No, there is no specified amount of trade.
You earn a 20% bonus on any trade that is completed by your referral.
Your earnings drop in the earning wallet and you can request to cash out anytime.
Well, if it’s not obvious enough yet, the correct answer to this question is YES!
Blockvila, as an exchange, has proven itself to be trustworthy. It ranks among the top exchanges in Nigeria.
It launched as a broker exchange in 2016 but has since added more services to its site.
The exchange launched its coin – VILA and started up mining in 2020. In 2021 (January), it added P2P to its list of services.
It ranks #2 on the list of top broker exchanges in Nigeria with excellent services and instant funding.
With its latest service(P2P), its users gain passive funds even as they trade. They get to earn a referral bonus for 12 months and cashback bonuses at the end of every quarter.
So far, there has been no report found online about Blockvila scamming anyone, and its customer support is always readily available to attend to your query with the speed of light.
This is the last part of our review today. Hope you enjoyed reading through?
So far, I have walked you through how Blockvila P2P and its modus operandi.
I know you have things to say or perhaps questions for me.
But before then, I want to get your opinion about these:
- Have you traded on Blockvila P2P before? Do you mind sharing your experience with me?
- What other coins will you want the team at Blockvila P2P to list?
- Do you see Blockvila P2P joining the big guns in the P2P ecosystem soon?
- Or you still have questions for me?
Just leave me your answers and questions in the comment box below ASAP; I will be checking back for them.
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