Buroka comes as a new breed of cryptocurrency exchange for Africa! As of the time of writing, Buroka is operational in Nigeria. It was designed to fulfil the needs of modern Africans. Buroka allows customers to buy and sell Bitcoin with Naira via Local Transfers and cash deposits at the bank. In this piece of writing, you’ll learn more about the exchange in question and how you can use it to purchase Bitcoin in Nigeria using the Naira.
How To Buy Bitcoin On Buroka
Step 1: Account creation
In order to buy Bitcoin on Buroka, you’ll have to start by creating an account at Buroka.com. You do this by visiting the page and hitting the “Register” button. Doing this will lead you to a page where you will be asked to fill in your personal information, including your name, email address, and password. Just like any other serious exchange, Buroka will ask you for your ID, Proof of Address and to take a selfie with your ID in order to eliminate fraud.
Step 2: Fund your account
Funding your account on this platform is quite simple and does not require that you be an expert. That is, it is straightforward. You have the choice to deposit either via a bank transfer or at any bank branch. Always make sure to use a unique reference code given to you by Buroka deposit system.
Step 3: Buying and Selling Bitcoin
Once you have completed the deposit process or once your deposit has been credited to your account, you can immediately buy your Bitcoin. Here, the buying and selling tab is located on the top right corner of the dashboard. There you can easily input the amount of bitcoin you want to buy. After doing this, you should click on the “BUY BTC” button.
Step 4: Storing your Bitcoin
Immediately after buying Bitcoins, Buroka provides users with the option of either storing Bitcoin on the platform in a BitGo Wallet or any other wallet of their choice. As of the writing time, Buroka only supports Bitcoin. However, the exchange has plans to include other cryptocurrencies in times to come.
The level of security with Buroka is quite sophisticated to keep your Bitcoins safe. The exchange makes use of Two-Factor Authentication (2FA). The 2FA is aimed at providing an extra layer of protection for users. In addition, the platform is protected with the latest security technology, including web-socket and API protocols that allows for a fast and secure order processing. Buroka also uses a well-updated SSL certificate, which makes it easy to detect Phishing attempts.