Paxful Alternative in Nigeria

Paxful Alternative in Nigeria


7 min read

In recent years, the popularity of cryptocurrencies has grown significantly, and with it, so has the demand for secure and reliable cryptocurrency wallets. Paxful is a popular peer-to-peer cryptocurrency exchange platform that has gained immense popularity in Nigeria.

But with the emergence of Skye Wallet, there's now another excellent option for Nigerians looking for a safe and reliable way to manage their cryptocurrency transactions.

In this blog, we will explore Skye Wallet as an alternative to Paxful, one of the most popular peer-to-peer cryptocurrency exchanges in Nigeria.

Paxful Overview

Paxful is a peer-to-peer cryptocurrency marketplace that enables users to buy and sell bitcoin using a variety of payment methods. The company was founded in 2015 by Ray Youssef and Artur Schaback and is headquartered in New York City.

One of the unique aspects of Paxful is that it allows users to create their own offers, specifying their desired payment method, currency, and exchange rate. This gives users greater control over the buying and selling process, as well as the ability to find more competitive prices.

Skye Wallet Overview

In April 2021, Skye Wallet was introduced on various platforms, including the Web, Android, and iPhone. Skye Wallet is a rapidly expanding cryptocurrency platform in Nigeria that enables users to convert their cryptocurrency to Naira or vice versa, with popular options including Bitcoin, BNB, Ethereum, and Litecoin.

Skye Wallet has enabled individuals throughout Nigeria to conduct instantaneous cryptocurrency transactions, including buying, selling, swapping, sending, receiving, saving, and spending digital currencies, through the use of Instant Bank Transfer, Voucher and automated P2P system.

Skye Wallet was designed with careful attention to simplicity, convenience, security, and customer service.

The simplicity of Skye Wallet has been crucial to its success thus far, allowing even those without any prior experience in cryptocurrency trading to quickly buy and sell cryptocurrency in under a minute.

Skye Wallet was created with the goal of providing users with convenient and seamless cryptocurrency trading services, as well as enabling them to establish a lifetime passive income stream through the referral program. By inviting friends or family to join Skye Wallet using their unique referral code, users can earn 0.5% on the fees for every transaction those referrals make for life.

Below👇 are more exciting features and functionalities offered by Skye Wallet:

Features of Skye Wallet App:

Multiple Deposit System and Instant Withdrawal: Skye Wallet offers a seamless and expedient deposit system with three different payment options to choose from: Bank Transfer, Voucher, and an automated P2P (peer-to-peer) system. Deposits can be made quickly and easily with each of these methods, and funds are available for use immediately.

Instant Buy and Sell: Skye Wallet's quick and convenient "instant buy and sell" function allows users to purchase or sell digital currencies with just a few clicks. Users have access to the real-time market price of each currency and can easily input the desired buy/sell amount. Transactions are immediately processed, enabling users to take advantage of favorable price changes and execute trades rapidly when they arise.

Supports 25+ Cryptocurrencies: With Skye Wallet, users can securely and conveniently store, manage, and exchange their cryptocurrencies. Skye Wallet provides users with the option to buy, sell, and exchange multiple cryptocurrencies with just a few clicks.

Skye Wallet currently offers more than 25 cryptocurrency coins/tokens, such as BTC, USDT, BNB, BUSD, LTC, DASH, BCH, SHIBA INU and has the infrastructure to list as many as possible coins/tokens.

Savings: Skye Wallet provides an opportunity for its users to save their money in USDT and earn interest of up to 15% on their funds. Skye Wallet offers two types of savings plans: Fixed and Flexible Savings Plans.

Users can select a savings plan that best fits their financial goals and preferences.

Skye Wallet’s Flexible Savings offers you a 13% annual return, and you have full access to your money whenever you need it.

While Fixed savings offers you a 15% annual return, and the return on investment is made available to you in advance. As such, you can claim your interest upfront.

Virtual Card System: Skye Wallet offers a virtual card system that enables users to create a distinctive virtual card number associated with their Skye Wallet account. This virtual card number can be utilized to make online purchases in the same way as a physical card. With Skye Wallet's virtual card system, users can enjoy convenience and security while shopping online.

Simplicity: Skye Wallet is a user-friendly platform that has been designed with simplicity in mind, enabling users to effortlessly manage their crypto portfolio and make payments with just a few clicks.

The app's user interface is intuitive and easy to navigate, with a clear and simple layout that makes it easy for users to find what they need.

This user-friendly design ensures that users can complete transactions without any confusion or difficulty, allowing for a seamless and stress-free experience.

Security: Skye Wallet takes the security of its users' information and funds very seriously, which is why all transactions within the platform are encrypted and protected by advanced security protocols.

These measures help to ensure that user data and funds are kept secure at all times, protecting against potential threats such as hacking and identity theft.

With Skye Wallet's robust security measures in place, users can confidently use the platform to manage their digital assets without worrying about the safety of their information or funds.

Sign-Up Bonus: Skye Wallet provides a generous welcome bonus of 50,000 Naira to new users. This amount is credited to the user's promo balance and can be accessed as soon as the user starts receiving referral bonuses.

Referral Bonus: Skye Wallet offers a referral system that allows users to earn a lifetime of passive income by referring others to the platform. Users can refer their friends and family to Skye Wallet and earn 0.5% of their transactions for life.

This referral program provides an excellent opportunity for users to earn additional funds while promoting the platform to others. By sharing the benefits of Skye Wallet with others, users can potentially earn a significant amount of passive income over time, making it an attractive feature of the platform for those looking to increase their earnings.

Buy Crypto for as Low as N500: Skye Wallet has made it easy for anyone to own a crypto asset with its affordable pricing options.

With as little as 500 Naira, users can purchase and own over 25 different cryptocurrencies on the platform. This low entry point makes it accessible for a wider range of people to invest in digital assets, regardless of their financial situation.

Zero-Fee Intra-Wallet Transaction: Skye Wallet sets itself apart from other products in the Nigerian crypto space with its unique feature of allowing users to transfer cryptocurrencies using email addresses and phone numbers at no additional network fees or charges.

This feature is the first of its kind in the cryptocurrency space and provides users with a convenient and cost-effective way to transfer digital assets to others.

Low fee: Skye Wallet charges a standard 2% fee on all Buy, Sell and Swap transactions of cryptocurrencies.

This fee is applied to the total value of the transaction and covers the costs of maintaining and operating the platform, as well as providing security and customer support to users.

24/7 Customer Support Service: Skye Wallet's customer support team is highly responsive and knowledgeable, and they are available to assist users with any issues they may encounter on the platform.

Skye Wallet is known for its swift problem resolution and excellent customer support. The platform offers a 24/7 customer support service that is nearly impossible to find anywhere else in the Nigerian crypto space.

Whether it's a technical issue, a question about a transaction, or a general inquiry, users can expect prompt and professional assistance from the Skye Wallet customer support team.


In conclusion, Skye Wallet is an excellent alternative to Paxful in Nigeria. It offers a user-friendly interface, robust security features, and competitive fees, making it an ideal choice for both beginners and experienced cryptocurrency users. If you are looking for a reliable and secure digital wallet to store and manage your digital assets, Skye Wallet is definitely worth considering.