Just like the traditional exchange system, digital currency exchanges work in similar fashion. In the traditional system, you go over-the-counter, you first deposit amounts of money in the currencies supported by the exchange, and the exchange gives you the equivalent value of the money you deposited in the currency you want.
Exchanging is done by placing "buy" or "sell" orders, which the exchange system software then matches with each other. "Buy" orders are offers to buy a particular digital currency in exchange for another currency at a price set by the Exchange. "Sell" orders are offers to sell currencies at a minimum price-per-currencies.
Instantexchangers.net, founded by Obayomi Olubowale in the year 2010 is Nigeria’s best known certified exchanger. InstantExchangers.net has grown over the years to be Nigeria’s most trusted and most secured Exchange platform. Instantexchangers.net growth has led to the birth of Nigeria’s first bitcoin wallet service provider (Jostpay.com) which was also founded by the Digital Currency Entrepreneur/Investor Obayomi Olubowale. With regular innovations and originality from the Exchange, InstantExchangers.net is Nigeria’s most loved and most appreciated digital currency exchange portal.
Transactions with the Instantexchangers.net is done using a standard web browser or via Instantexchangers mobile app on IOS, Windows and Andriod, over a secure connection.
The payment methods that are accepted and used by Instantexchangers are:
- Cash Deposit
- Internet Banking
- Western Union Money Transfer
- GTB *737#
- Naira Debit Cards (Master Card, Verve &Visa)
Currencies that can be exchanged with Digital Currencies in an automated way include:
- US Dollar
Follow Instantexchangers and sister company, Jostpay on socia media for news, offers and updates:
Facebook - Instantexchangers.net & Jostpay
Twitter - @jostpay
LinkedIn - Jostpay Limited