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    How crypto merchant increased business income growth by 75% using NairaEX

    The NairaEX team is passionate about helping our users achieve their financial goals when they trade with us. Our approach is to partner with users in the journey to personal or business growth – because we are certain that their satisfaction and success also equals our success.

    Here is how a crypto merchant achieved 75% income growth using NairaEX.

    Who is he?

    Idowu Johnson is a Lagos based business owner who owns and successfully runs a school where he focuses mostly on students sitting for their WAEC and JAMB exams and making sure to provide them with the right teachings and guidance they require. But that’s not all, 

    Johnson is also a full-time cryptocurrency trader who buys, saves and sells cryptocurrency for his numerous clients in large volumes. He has been in the crypto business for more than 3 years and he agrees that it has been a very lucrative business venture. 

    What was his challenge?

    When Johnson started his crypto trading business, the biggest challenges he had was:

    • Ease 
    • Speed and 
    • Transaction charges. 

    The trading services he used at the time was difficult to use, slow to complete transactions and charged outrageous transaction fees and instead of gaining new clients, he continuously lost his existing clients due to an inability to complete his transactions in time. 

    Not only was he losing clients, but he was also finding his cryptocurrency business really difficult to operate and this was a result of constant pressure on him to meet with transaction requests.  He almost gave up. 

    What was the solution?

    Johnson casually mentioned his business challenges during one of his conversations with his friend Dami. Dami goes on to encourage him and then told him about NairaEX.  

    “I have not used NairaEX before because you know I don’t do anything Crypto related but my younger brother does and I have heard him mention how fast NairaEX handles his transactions”, said Dami, and because he still wished to revive his business and although Dami wasn’t so sure, Johnson carried out his research and registered with NairaEX and proceeded to try his first transaction which was:

    • Fast –  “almost immediately” (according to him)
    • At very low and sometimes, zero fees 
    • The platform was easy to navigate and use.

    What is the Result?

    After his first few transactions on NairaEX, Johnson reached out to his clients and announced his business restructuring. He informed them that things are better and transaction processes are now faster. The first few clients who traded with him were satisfied and referred their friends who referred other people and gradually with the help of NairaEx, Johnson grew his business from almost failing to a rapid income growth up to 75%

    With NairaEx Johnson was able to gain:

    • Restructuring
    • Income Growth
    • Client growth through referrals 
    • Increase in transaction frequency of at least once a day

    Not only has Johnson grown tremendously in his crypto business, but he is also now no longer under so much pressure and has more personal time to grow his other businesses

    “I really thank the NairaEX team for the work and effort they put into making sure everything runs smoothly, I am happy with NairaEX and don’t think I’ll stop using the platform anytime soon,” he concluded.

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    Introducing NairaEx Pay

    Nigeria’s premier Bitcoin exchange, NairaEx has launched a first of many crypto projects, offering Nigerians easy crypto/bitcoin services across the country.

    The new service called NairaEx Pay – is a payment gateway which offers users (companies, businesses and individuals) a platform to accept and process bitcoin payments automatically.

    According to the exchange, the emerging use of digital currency (Bitcoin) for payment of goods and services has prompted the new service. One which will allow companies accept Bitcoin payments globally and receive payments in bitcoin or converted ‘naira’ to their bank accounts.

    The NairaEx Pay service offers businesses and online stores or individuals an opportunity to integrate Bitcoin payment options on their website or online stores.

    How to Register

    Customers are required to first create an account here: Pay.NairaEx.com.

    • On the web homepage, Click on ‘SignUp’ and complete registration form.
    • Verify your email address through verification link sent.

    How to Accept Your Bitcoin Payments Using NairaEx Pay

    • Login to your NairaEx Pay Account.
    • Click on ‘Create A New Store’.
    • Enter Store Name’ and click on Create

    PS – NairaEx allows you create and manage an unlimited number of stores. Each store has its unique wallet management portfolio.

    Also, you can Customize Your Store Settings.

    Other Controls: Summary – Allows you view a summary of your store income

    Pay Button – You generate your store payment link here, and can integrate it on your store website or share to customers

    Store details – Here, you can customize store colour, name, address and more here.

    Invoices: Allows you View details of invoice/receipts form store payments.

    How to Withdraw Store Income

    You can withdraw your store income in Bitcoin or Naira through these steps:

    Enter amount and choice bitcoin (BTC) wallet address for withdrawal’.

    Click on Submit withdraw request.

    Note that fees apply for Bitcoin BTC withdrawals.

    To Withdraw Naira

    NairaEx Pay wil convert your Bitcoin balance to Naira and withdraw to your Nigerian bank account. To do this:

    • Enter withdrawal amount.
    • Confirm that the name of recipient matches the bank account holder name.
    • Fill in bank details and submit withdrawal request.

    You can also change account recipient details by navigating to Profile on the menu bar, fill in new details and click update account details.

    How Do I Update Store Profile Details

    You can update your NairaEx Pay details such as Name, Email, Password, 2FA, Phone, and NGN Bank account details by simply navigating to the profile tab in the menu bar, fill in new details and click update.

    Why Use NairaEx Pay

    There are 101 reasons to use NairaEx Pay, here are our top 5:

    • NairaEx Pay offers businesses and individuals fast BTC payments to cash or bank conversion and vice versa.
    • Parent company NairaEx has served Nigerians for years; this new platform is a first in Nigeria and an extension of its great products and customer service.
    • With NairaEx Pay you get your payments directly, no chargebacks, no high fees, no interest charges on your BTC store payments.
    • NairaEx Pay is easy to use and can be immediately integrated on your online store or website.

    Register Now to get started. Like, Share and Comment.

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    Buy and sell bitcoin in Nigeria

    Website: nairaex.com