Busha is a platform that has emerged as a major player in making cryptocurrency accessible, understandable, and usable for individuals and businesses in Nigeria and Africa at large, particularly in Nigeria and Kenya.
What is Cryptocurrency?
Simply put, Cryptocurrencies are digital assets, most often based on blockchain technology, and they can also be termed as digital or virtual money secured by cryptography.
Unlike traditional currencies issued by central banks (Naira, Dollar, Pounds, Euros and many others), cryptocurrencies such as Bitcoin operate on decentralised systems, that is, a single entity does not control them.
This system offers a global, borderless means of transaction, potentially with lower fees and faster processing times than the normal way of banking. Bitcoin (BTC) is the pioneering and most well-known cryptocurrency, but thousands of others now exist, like Ethereum (ETH), Tether USD (USDT) and several others.
So, how does Busha help in making cryptocurrency offerings to Nigerians and Africans easy?
Founded to address the challenges faced by Africans in accessing the global cryptocurrency market, Busha provides a trusted and user-friendly platform (Android, iOS & Web) to buy, sell, swap, spend, earn and save several cryptocurrencies.
It was established when many global crypto platforms were not optimally designed for the African market, offering a solution tailored for you in mind.
Company Profile
Website: www.busha.co
Established: February 2019
Founders: Moyo Sodipo and Michael Adeyeri
Focus: Cryptocurrency exchange, enabling users to trade digital currencies like Bitcoin, Ethereum, Litecoin, and others.
Mission: To onboard millions of Africans into the crypto economy and enable them to experience the blockchain-enabled future of finance. Busha aims to help Africans preserve their wealth and access investment and wealth-creation opportunities.
Key Markets: Nigeria, Kenya
Industry: Financial Services
Headquarters: London, United Kingdom
Valuation: Over $30 million
Regulation: Nigeria’s pioneering SEC-licensed digital assets provider.
Since its inception, Busha has focused on building an easy-to-use and accessible platform, and also as a way of clearing the misconceptions about cryptocurrencies.
Busha has been a one-stop shop for everything that has to do with cryptocurrency in Africa.
The company has completed two rounds of investor funding at over $4 million with a customer size of over 800K Verified users.
Today, Busha is connecting Africans to the global economy, allowing local individuals and businesses to do anything relating to cryptocurrency: save, buy, sell, invest, earn and a lot more.
Key Features and Services of Busha
Busha offers a suite of products designed to cater to various crypto needs:
Buy, Sell, and Swap Instantly: Users can easily deposit and withdraw fiat or crypto into their secure Busha wallet and instantly trade a wide range of cryptocurrencies.
Busha Spend: This feature allows users to spend their digital assets directly from their Busha wallet. They can purchase airtime, data subscriptions, and shopping vouchers, earning instant cashback on transactions.
Busha Earn: Users can earn interest (up to 7.5% APY as mentioned on their website) on stablecoins like USDT or USDC saved in their Earn wallet. Interest is often paid out daily with no lock-in periods, and users can start with a small amount (e.g., as low as $10).
Busha Prime: Aimed at businesses, Busha Commerce enables local and individual enterprises to accept cryptocurrency payments from customers globally. It provides dashboards for creating checkouts, sharing payment links, and withdrawing earnings. Benefits include easy setup, global payout, auto-conversion to stablecoins or fiat, fast withdrawals, and no chargebacks.
Calculator: There is an availability to check the latest cryptocurrency prices against all global currencies, and it is simple to use, with exchange rates updated frequently.
Low Transaction Fees: Busha offers competitive and low transaction fees for buying and selling cryptocurrencies with fiat.
Quick Payouts: Users can receive quick payouts to their registered bank accounts.
Secure Wallet Storage: Busha provides secure wallet storage for users’ crypto assets, often for free.
Real-time Price Tracking: The platform allows users to monitor cryptocurrency price changes in real-time.
Busha Learn: A comprehensive knowledge centre to help users learn about Bitcoin and other cryptocurrencies.
Curated Crypto News: Stay updated with crypto news to make informed trading decisions.
Recurring Buys: Also known as DCA, Users can set up automatic purchases of crypto daily, weekly, or monthly.
Why Choose Busha?
User-Friendly Interface: Designed for both beginners and experienced traders, the platform is known for its ease of use and smooth navigation.
Security: Busha emphasises top-notch security measures to safeguard crypto assets and is compliant with NDPR for secure data protection. As an SEC-licensed provider in Nigeria, it strictly adheres to regulatory standards.
Accessibility for Africans: Built with the African user in mind, it tackles common barriers to entry in the cryptocurrency space in Africa.
Customer Support: Reliable customer support is available to assist users promptly.
Wide Range of Cryptocurrencies: Access a diverse selection of crypto assets at competitive rates.
How to get started with Busha
The process is typically straightforward:
Register and provide the required information here.
Complete the verification process for enhanced security.
Deposit fiat currency into your Busha wallet.
Select your preferred cryptocurrency and proceed with the purchase.
Start trading or utilising other Busha services.
And also on Busha, there are 3 KYC levels:
Level 1: All you need to do is just verify your number, but you’re restricted to making deposits only.
Level 2: Upload a valid ID and you’d have access to send and receive up to ₦10M monthly.
Level 3: This stage requires you to add address proof, as this can raise limits to ₦500M/month.
Conclusion
Busha is a platform you should not miss out on, as it is providing a secure, regulated, and user-centric platform for Africans to engage with the global cryptocurrency economy.
Whether you’re looking to make your first crypto purchase, earn passive income on your assets, or integrate crypto payments into your business, Busha offers tools and services designed to meet these needs. Sign Up now!