Pros and Cons of Using Roqqu

We can all agree that trading and investing in cryptocurrency is now a major mainstay of income in today's economy. With this in mind, finding the right crypto wallet is integral, and this is where Roqqu comes in.
Roqqu is a crypto wallet that allows you to buy and sell all Roqqu-supported cryptocurrencies. This extensive guide discusses the pros and cons of using Roqqu.

Pros of Using Roqqu

Roqqu promises us several benefits in the world of trading and beyond, some of which include:

It is Beginner friendly

Trading with Roqqu is exceptionally seamless. Its unique and simple interface allows novice and expert traders to navigate and make quick exchanges easily.
The platform is also fast, ensuring you perform your transactions quickly and efficiently. The speed and intuitive interface make it a must for beginners navigating the trading world.

There is a Wide Range of Tradable Crypto Currencies

Roqqu supports trading over 100 cryptocurrencies, including Bitcoin, Ethereum, Dogecoin, Litecoin, etc. The platform also offers users the choice of trading cryptocurrencies against the Nigerian naira.
This not only makes it easier for novice traders to worry less about currency conversions but also encourages more indigenous Nigerian naira(NGN) users to join the lucrative hub that is trading.

Presence of a Mobile app

Roqqu has a mobile app for Apple and Android devices that allows you to trade crypto with Roqqu. This app incorporates all the features of the Web platform, allowing users to trade more conveniently.
Its fast and highly responsive interface makes it suitable for all traders. The app settles all crypto transactions within seconds.

The Roqqu app offers users trading insights that update them on their trades. These insights are very important, especially to beginners. An advanced trade chart, which might be fascinating to expert traders, is also a feature.
This app has an amazing bill payment section where you can settle several common Nigerian bills, such as airtime purchases, electricity bills, cable TV, etc.

Sound Security

Roqqu is a very secure exchange platform. Since its creation, It has stood firm and has no history of successful hacks or break-ins. In addition, Roqqu offers its users several security features, including two-factor authentication, multi-step verification, a passcode lock for the app, etc.

Low Transaction fee

Several investigations clearly show that Roqqu provides one of the lowest trading transaction fees on the market. Understanding the expenses is tricky, especially compared to global wallets like Binance. Let's break it down:
Many other wallets, including Binance, which people believe has a low fee of 0.5% commission for trading, also charge when you fund, withdraw, or perform conversions on different currencies.

Roqqu, on the other hand, charges a 2% flat-rate commission. This commission is the only fee you pay with Roqqu; you do not need to pay for currency conversions, funding, or withdrawals.
The fee pattern places Roqqu at the top of the wallet charts with the lowest transaction fees. It becomes pertinent for traders and investors who wish to minimize their trading costs and maximize profit.

Automated Deposits and Withdrawals

The Roqqu platform provides automated deposits and withdrawals. This means traders can fund or withdraw from their accounts in real-time, which is especially useful for traders who are always on the run in response to market changes.
This feature by Roqqu eliminates the need to spend valuable time processing your transactions, as all real-time operations are swift. Many other exchange platforms do not offer this experience.

Satisfactory Customer Service

Roqqu offers all its users excellent customer service. The exchange platform invests in a support team that assists users with their concerns, ensuring they're never alone when faced with an issue.
Their support team is open to all users and is accessible through several channels, including their social media handles, writing to their email, and the live chat on the app.

The Roqqu Academy

Aside from other benefits, Roqqu incorporates the Roqqu academy in its portfolio, which offers its users, especially novice traders new to the crypto world, a means of learning to navigate blockchain technology.
Since trading crypto can be tricky, Roqqu's additional advantage is important to new traders striving to learn and expert traders wishing to diversify their knowledge. Many other platforms do not offer this experience.

Cons of Using Roqqu
As we expect, despite Roqqu being a formidable platform in the trading world, some pitfalls might affect your experience when using it. Some of these are:

Limited Payment Options

Roqqu does not support many fiat currencies for payment. Although this development allows Nigerian, Ghanaian, and European investors to enjoy the benefits of trading, it also limits them to their respective currencies for trading despite the availability of several other currencies. This might be a problem for some veteran investors but its hardly a cause for alarm.

Customer Service Response

Roqqu has amazing customer service. Although many users agree, others counter this point. Several users have experienced lapses in response time when resolving an issue.

It is Relatively New

Roqqu was established in 2019, and although it still stands the test of time, many people still need to be convinced of its vision. Understandably, some people want to invest in a platform with more solid experience. However, the quality of your trading experience with Roqqu is still the same.

Complaints

Some people complain that they encounter one glitch or another when using the app. However, the complaints are not recent, and Roqqu attends to the problems promptly. They recently resolved many user concerns.

Conclusion

From this comprehensive guide, we can deduce that Roqqu excels in trading. The platform equips traders with all the tools they need for their day-to-day trading experience.
The platform's simple interface also makes it beginner-friendly. Nigerian traders can use it as their go-to exchange platform and wallet for their crypto needs.
With all the opportunities Roqqu offers, the platform will meet all your trading needs, especially given the current crypto restrictions in Nigeria.