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Africa is seeing a rapid transition in the cryptocurrency trading industry, which is generating prospects for new cryptocurrency inventions, including crypto trading websites and mobile apps. More than 1,000 cryptocurrency exchange platforms have been formed in the last five years, making it easier for people in Africa to trade cryptocurrencies. In this article, I’ll compare and contrast two well-known crypto trading platforms in Ghana. Let’s quickly review the operations of these two crypto platforms before we compare them, Breet VS Ecurrency4u.
How Breet Works
Anyone can sell bitcoin through the over-the-counter (OTC) exchange platform Breet and receive cash in their local bank account. Breet is an automated crypto-to-fiat program because it rapidly converts cryptocurrencies into their equivalent value in fiat currency without using peer-to-peer trading as a method of exchange.
With Breet, you may convert and withdraw bitcoins in less than 5 minutes. With Breet, there are no withdrawal fees or surcharges. Per-user point awards, robust security, and dependable 24/7 customer assistance are some further distinctive qualities.
How ECurrency4u Works
The Republic of Ghana’s Ecurrency4u is a legally established business that buys, sells, and exchanges a variety of digital and electronic currencies, including Bitcoin, Perfect Money, Ethereum, Litecoin, PayPal, WebMoney, Payza, and Skrill. Ecurrency4u was introduced in 2012 and has since had great success in the country.
You must establish an account using a valid Email, Mobile Number, and Bio-Data in order to Buy or Sell Digital/Cryptocurrencies on Ecurrency4u.
A free, one-time registration is required. You can utilise all the platform features, including discounts and special prices, once you register as a verified user on Ecurrency4u.
Breet VS ECurrency4u: Side-by-side Overview
We shall take into account important criteria for this comparison on how to choose the right crypto platform. These elements are:
- Exchange systems
- Permitted Countries
- Security
- Credibility
- Limit
- Fee
- Exchange rate
- Coins accepted
- Interface and accessibility
- Consumer assistance
- Point bonuses
- Referral system
1. Exchange System
Breet utilises an OTC cryptocurrency exchange mechanism that immediately changes your cryptocurrency coin to its equivalent value in fiat currency. While Ecurrency4u utilises peer-to-peer exchange, this means that before you can trade cryptocurrency with Ecurrency4u, another buyer or seller or a third-party agent must accept the offer and confirm payment.
P2P trading is typically not a good alternative for cryptocurrency users or businesses who require a rapid conversion of their cryptocurrency holdings into cash due to its time-consuming nature. With Breet, you can fully trade your cryptocurrency without having to wait for a peer to complete all those transactional steps.
2. Time Speed
How quickly can you exchange cryptocurrencies with Breet or Ecurrency4u? Ecurrency4u transactions can take up to ten minutes, whereas trading crypto on Breet takes only a few seconds. A P2P exchange system-based crypto exchange takes time, which is a more practical truth. Under P2P, the quickest anyone can complete a transaction is often five minutes. It typically takes hours. This is due to the fact that before the currency can be released, both sides must approve the proposal and confirm payments. This procedure could go on for hours. In general, it is safe to state that Breet is quicker because you don’t have to wait, and your money is transferred directly into your bank account.
3. Countries Supported
Breet only operates in Nigeria and Ghana, while Ecurrency4u does so in Ghana only. There is no rivalry here.
4. Security
Before using any crypto trading platform, security must be taken into account, as it is a very important factor. Breet is safe. You can use two-factor authentication during registration, but you must first validate your email address for account functioning. For Ecurrency4u, you also have to register securely with personal details.
Investors take extra precautions to avoid trading with the incorrect people because there have been numerous fraudulent transactions. It’s doubtful if there’s two-factor verification on Ecurrency4u, but you will always need your login details to access your account.
Breet App offers users dual authentication and even additional options like fingerprint unlock.
5. Credibility
Can you trust Ecurrency4u and Breet? You must read customer reviews to determine whether a trading platform is credible. The Google Play store alone has received 4.6 stars in reviews for Breet and a 4.2-star rating on the App store. On Facebook, Ecurrency4u has a rating of 4.0 and on Trustpilot, Ecurrency4u has a rating of 3.8, which denotes subpar service. You may observe that many consumers complain about being cheated on Ecurrency4u’s reviews.
A user on Opera Ghana news published an article titled “Ecurrency4u.com Is A Scam – Be careful.
We are unable to say at this time whether Ecurrency4u is real or a fraud. Surely, Breet is dependable and trustworthy.
6. Limit
It’s also ideal to determine the trading limits on any trading platform you are using. On Breet, there are no withdrawal or trading limits. You can trade as much cryptocurrency as you want.
7. Fees
Breet is entirely free to use; there are no transaction fees or percentage cuts. Ecurrency4u imposes a fee. Breet wins this round.
8. Exchange Rate
There isn’t much of a difference between Breet and Ecurrency4u’s exchange rates after considerable comparison.
9. Coin Supported
It is abundantly evident that Ecurrency4u simply promotes 4 cryptos on its website. Bitcoin, Ethereum, Litecoin, Tether (USDT), Dogecoin, and Bitcoin Cash are all supported by Breet. Breet’s trading platform is more expansive than Ecurrency4u’s and supports a wide variety of cryptocurrencies.
10. Interface and accessibility
Ecurrency4u does not have an app for Android or iOS devices; it can only be utilised on its website. Breet is currently accessible on all Android and iOS devices, and the company has announced that it intends to make it accessible on the web as well.
While the Ecurrency4u website can be challenging for a novice user, the Breet app is incredibly simple to use.
11. Customer Service
According to Ecurrency4u, their customer care team is available around-the-clock. According to reviews, numerous customers have accused them of being con artists and have bemoaned their subpar customer service. Ecurrency4u support is available through phone, WhatsApp and LiveChat. They also have a physical location to visit.
Through user feedback and testimonials, Breet’s customer care is operational 24/7. They are available at all times, day or night. Additionally, Breet offers numerous ways to get in touch with them, including a phone number, email address, Livechat, WhatsApp, Twitter, Facebook, and Instagram. This suggests reliability and credibility. Customer service on Breet is superior to that on Ecurrency4u.
12. Point bonuses/referral system
Breet provides all of its users with point incentives that can be exchanged for cash. In contrast, Ecurrency4u does not offer a referral program.
In summary, it is abundantly evident that Breet is a superior and safer cryptocurrency trading platform to use than Ecurrency4u. Breet is absolutely reliable, but it’s debatable to say if Ecurrency4u is a scam or not. It is advised you use well credible crypto trading platforms.
