Introducing Koinstrap

Onyeka
Koinstrap
Published in
3 min readDec 9, 2020

Access to Cryptos Made Easy

In Africa, many people can attest to having experienced certain transaction restrictions when using international cross-border payments platforms. People had to resort to alternative platforms that charged as high as 10% transaction fees to use their platforms.

With the advent of Cryptocurrencies, it became natural for cross border transfers to happen between peers without neck cutting transaction fees attached. But new challenges emerged. Peer to peer exchange of cryptocurrency involved a lot of trust between both parties. With time, this trust was put to test because shady individuals began taking advantage of it. This led to people losing or getting scammed of their funds. Also, most people who were interested in cross-border transfers and payments still didn’t have access to platforms that would ease the purchase of these cryptocurrencies. All these made crypto exchanges the avenue of choice to overcome these challenges.

Crypto exchanges enabled their users to buy and sell their crypto without worrying about trusting somebody on the opposite side of the trade. While these efforts were laudable, users still experienced some challenges. These challenges include but not limited to:

  • delays in processing transactions
  • lengthy waits for verification after undergoing KYC protocols
  • poor customer support
  • Clunky user interface that's hard to navigate
  • Transactions were still needlessly high cost

Our team spent the past months analyzing and building a product that would solve these challenges. With our focus on delivering the best exchange yet, we set out to do just that. We really took our time to achieve this. After a lot of hard work and coffee 😉, we are enthused to officially present the result of our efforts.

Say hello to Koinstrap. Koinstrap is an exchange that enables you to buy, sell, send, receive, store and also swap cryptocurrencies. It was built to aid those individuals that send or receive cryptocurrencies as a form of payment for services rendered or received.

A newbie to cryptocurrency trading will find it well suited to their needs. This is to ensure smooth transition from newbie crypto user to expert crypto user.

Why should you use Koinstrap?

The need for exchanges to carter to the ever growing population of cryptocurrency users in a simple, straightforward humane way is one of the things that makes Koinstrap unique. There are other advantages that Koinstrap also provides, such as:

  • Instant Transactions
  • Easy to use interface
  • Great customer support
  • Highly secured wallet
  • Fund your fiat wallet with an amount as low as ₦1000
  • Get notified through preset alerts when prices hit your buy/sell orders
  • Simple and efficient user verification protocols
  • Don’t like the coins you have now? There is an exchange service built into the wallet for swaps.
  • Supports Bitcoin, Litecoin and Bitcoin Cash. However, this list is constantly expanding, especially as new coins become popular and demand for them rises.

At Koinstrap, we value the security of a user's funds. By following the necessary KYC protocols we have in place, we are helping you be in control of your cryptocurrencies.

So, how do you use Koinstrap?

By now, I believe you have a better understanding of what Koinstrap does. Now, all you need is a debit card or a bank account to open a Koinstrap account. And it takes 5 minutes or less to register, get verified and start trading.

Koinstrap is available on Android and iOS mobile operating systems.

A journey of a thousand miles begins with a step and we want your first step to be with us. Your ability to manage, secure and exchange your crypto assets is Step 1 in a vast world of possibilities.

Remember, our mission is to make cryptos accessible to you.

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Onyeka
Koinstrap

Writer. Crypto enthusiast. Learning how to build stuff for the web