MyTopExchange Review(2021): How To Buy/Sell E-currencies In Nigeria

You’ve just landed on the most comprehensive review of  “MyTopExchange“, one of the “Top Broker Exchanges in Nigeria”.

MyTopExchange is basically an online marketplace where you can buy cryptos and e-currencies with Naira.

This platform process transactions instantly, and it has been in operation since 2012.

If you want to learn more about MyTopExchange’s services and how reliable it is, then let’s get down with this review!


Post Summary

In this review I will walk you through;

  1. MyTopExchange Overview
  2. Features of MyTopExchange
  3. MyTopExchange’s Services
  4. Supported Country and Listed Currencies
  5. Transaction Fees and Payment Methods
  6. Limits and Verification Requirements
  7. Customer Support and Public Opinion
  8. How To Buy/Sell Cryptos and E-currencies on MyTopExchange
  9. FAQs
  10. Conclusion

Having cleared the roadmap…let’s get the post rolling then.


1. MyTopExchange Overview

MyTopExchange is a trading company founded in 2012 by Mr Adedoyin Raphael.

It is also a subsidiary of R-Global Integrated Systems, a Lagos based ICT Company registered with the Corporate Affairs Commission of Nigeria (CAC).

The company launched initially as Forextrading23.com but rebranded to “MyTopExchange” in mid-2017, with improved features and services.

It is a  web-based broker exchange that focuses on buying and selling digital currencies solely in Nigeria.

A broker exchange is typical of an exchange, where you buy crypto with fiat or sell crypto for fiat (No coin swap).

You can buy and sell 3 cryptocurrencies and multiple e-currencies in this exchange.

MyTopExchange was created to provide a fast and reliable trading experience for its Nigerian crypto traders.

This, it has achieved, by lending its services to over 40k satisfied customers in over 8 years of its existence.

In 2020, it added a finer feature by implementing an automatic exchange system to allow users to perform instant fundings and withdrawals.

Want to learn more about this exchange? Scroll down!


2. Features of MyTopExchange

The beautiful things about this exchange is as follows:

  • Best rates in the market
  • Instant transactions
  • Fully automated
  • Web-based
  • Strong security

There you have the features of MyTopExchange…but this is just a facet of this review.

Scroll down to where I discussed the services.


3. MyTopExchange’s Services

The major services offered by the exchange include;

  • Cryptocurrency exchange
  • E-Currency exchange
  • Forex account funding

Cryptocurrency Exchange

MyTopExchange allows you to buy and sell 3 cryptocurrencies.

You can view these cryptocurrencies beneath this subheading.

E-currency Exchange

MyTopExchange allows you to buy a good number of e-currencies instantly.

Users can convert naira to these e-currencies to buy goods from online stores, invest in financial schemes, pay for services, or enroll in courses online.

Impressively, you can convert Perfect Money to Bitcoin on this platform.

Forex Account Funding:

MyTopExchange is currently in partnership with 3 forex brokers to provide easy funding and withdrawal in naira from the platforms. They include;

That’s about it on the services offered by the exchange

Let’s take a look at the supported country and currencies.


4. Supported Country and Listed Currencies

Country Support

Nigeria

Cryptocurrencies

E-Currencies

  • Perfect Money
  • Skrill
  • Payoneer
  • Neteller
  • Paypal

Fiat Currency

  • Naira (NGN)

One great deal about every broker exchange is how low their transaction charges are.

So, does MyTopExchange charge a fair rate? Let’s get to find out in the next subheading.


5. Transaction Fees and Payment Methods

Transaction Fees

There is no mention of transaction fees anywhere but we can see that the market rates are higher than what we see on other top broker exchanges like Naira4dollar.

This can simply mean that the charges are already added to the rates.

Again, to deposit and withdraw from MyTopExchange, you have to pay a bank charge of 100NGN.

Payment Methods

The payment methods on the exchange are as follows;

  • Bank Transfer
  • Cash Deposit
  • ATM card
  • USSD

Presently, MyTopExchange supports over 18 Nigerian banks.

This is a welcome development as the exchange initially supports just 3 banks.

It also proves that this company is doing well and is willing to take its business to a higher level for customer satisfaction.

Moving ahead, let’s quickly dive into the next subheading.


6. Limits and Verification Requirements

  • Limits
Deposit/Withdrawal LimitMin: $10
Max: Unlimited
  • Verification Requirements

These are the verification requirements;

  • International Passport
  • National ID Card
  • Driver’s License
  • Voter’s card
  • NIMC slip

The next subheading is a review of MyTopExchange Customer Support. Read on!


7. Customer Support and Public Opinion

You can reach MyTopExchange through the following channels;

  • Email: [email protected]
  • Tel No: 08144333114
  • Telegram: @MyTopExchange_Chat
  • Whatsapp: 09039962993, 08136851054
  • Twitter: @mytopexchange

The Exchange has pretty great customer support I must say, as the speed in which they reply is quite applaudable.

Now, to the public review;

I could not find many users’ reviews of MyTopExchange on the net (apart from the ones on its website).

However, the customers have written so well of the exchange, (relating from the 2 reviews on Trustpilot).

Let’s check out how to start trading on MyTopExchange.


8. How To Buy/Sell Cryptos and E-currencies on MyTopExchange

To buy and sell cryptos and e-currencies on MyTopExchange, follow the following steps;

  1. Visit MyTopExchange and click on “Register”.
This image has an empty alt attribute; its file name is Screenshot-70.png

2. Fill in the registration form.

This image has an empty alt attribute; its file name is Screenshot-71-1.png

3. After successfully filling out the registration form above, a mail will be sent to the email address you entered

The email contains a link that activates your account, and all you got to do is click on it.

This image has an empty alt attribute; its file name is Screenshot-72.png

The activation of your account will usher you to your dashboard where you can now start buying /selling any currency of your choice.

Do note that, if you wish to buy from the platform, you must verify your account. (more about it on the FAQ section).

This image has an empty alt attribute; its file name is Screenshot-73-1024x503.png

Below, I listed out some of the commonly asked questions about MyTopExchange…Read on!


9. FAQs

1. Is MyTopExchange legit?

MyTopExchange is one of the reliable broker exchanges in Nigeria, and it has been in the industry for over 8 years now.

It is owned and managed by R-Global Integrated Systems, a Lagos based ICT Company registered with the Corporate Affairs Commission of Nigeria (CAC).,

We can also verify the exchange’s registration details here on Whois.

Furthermore, over 40k transactions have been processed on this platform, and users were really satisfied with the services that they received.

The exchange has not just stopped at giving the best to its customers but has kept on implementing unique and advanced features to meet up the demands of the market.

For instance, In 2017, MyTopExchange listed more digital currencies and redesigned its site for better and easier navigation on its website. It also adopted, in 2020, an automatic exchange system, for instant fundings and withdrawals of transactions.

This I would say is commendable, and has really proven that the company means business.

2. Must I verify my account?

Verification of your account is a must if you are willing to buy any currency from MyTopExchange.
However, it is not really important if you are selling to the exchange since they are the one paying money to your bank account.

3. Does MyTopExchange accept third party transfer?

No, MyTopExchange does not accept payments made from a third-party account.
The bank account used for making the transfer must tally with your personal details on the platform.

4. When can I transact on this exchange?

You can perform a trade 24/7 on MyTopExchange( there are no limitations on the time you can trade).
This is because the exchange has an automated system that carries out transactions without human intervention.


9. Conclusion

There you have MyTopExchange Review!

In recap;

MyTopExchange is a Cryptocurrency and E-currency exchanger.

It specializes in the sale and purchase of Cryptocurrency and E-currency via Bank transfers or cash deposits (NGN).

But, hey! I am yet to hear from you. You can tell me;

What is your thought about MyTopExchange services?

Would you like them to list more digital assets?

Are you going to open an account with MyTopExchange?

or You already have… what’s your review?

Let me know by leaving me a comment below and don’t forget to share.

Cheers!!


Ps: If you want to learn how to trade cryptocurrencies profitably, we developed a perfect course to help you master Cryptocurrency Trading.
Go to www.ctmastery.com to enrol.


Other related articles;

0.00
6.2

Currency Support

5.0/10

Security

7.0/10

Ease of Use

7.0/10

Reliability

5.0/10

Customer Support

7.0/10

Pros

  • Friendly user interface
  • Great Customer support
  • 24/7 Up Time

Cons

  • Limited to Nigeria alone
  • Offers Just Two Cryptocurrencies (Bitcoin and Ethereum)

 
Paschaline Anagor

1 thought on “MyTopExchange Review(2021): How To Buy/Sell E-currencies In Nigeria”

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.