FAQs

Cryptocurrency is popular in Nigeria because it gives Nigerians an easily accessible alternative to dealing with the hassles of fiat banking. It also offers a hedge against inflation and the current Nigerian economic state. Anyone can open a crypto wallet and begin receiving or sending cryptocurrency across the country and the world.

As of April 2022, it was reported that 33.4 million Nigerians trade or own cryptocurrencies.

Funding your crypto wallet depends on what cryptocurrency, like BTC, ETH, or USDT, etc you wish to use. On TradeWithOracle, you can fund your wallet with over ten cryptocurrencies, including USDT, USDC, BUSD, BTC, ETH, SOL, ADA, BNB, XRP, etc. Read this short guide to know more about funding your crypto wallet.

To start your journey into trading crypto, you need to have a crypto wallet. Once you create an account, you will automatically have a wallet. TradeWithOracle will then assist you in the purchases and exchanges.

There are over 5000 cryptocurrencies available on the market. However, not all of them are viable or valuable. We encourage customers to purchase cryptocurrencies that is more profitable.

Bitcoin, the first mainstream Crypto, was invented by Satoshi Nakamoto. However, other cryptocurrencies, such as ETH, USDT, and SOL, were created by different people. For instance, ETH was invented by Vitalik Buterin and his co-creators - Gavin Wood, Charles Hoskinson, Anthony Di Iorio and Joseph Lubin. SOL was created by Anatoly Yakovenko, Greg Fitzgerald, Stephen Akridge, and Raj Goka.

No, they are not the same. A cryptocurrency is a digital currency that runs on blockchain mechanisms to generate new units and verify transactions. A blockchain is a unique database that stores data for verifying crypto financial transactions and building decentralised applications like OpenSea.