I decided to try out an experiment in January of 2020 and this video is the outcome. I put aside extra money in a couple of Nigerian Fin-tech apps and in this video, I cover 5 apps that I regularly use to save, invest and make money in the Nigerian fin-tech space. From the experiment at the beginning of 2020, I was able to save an extra $10,000. I share all of that and more in this video.
How I made over $10,000 with these Nigerian Tech Apps
Apps Discussed:
1. QUIDAX (Cryptocurrency):
The first app I talked about is called Quidax, It's an app I used to buy & sell crypto. and it's been quite swift as well when it comes to transactions. I've received payments in form of BTC a lot just 'cos it saves time � On Quidax, you can trade (buy/sell) quite a number of cryptocurrencies like Bitcoin. Ethereum, XRP, Dash, and Litecoin.
I also loved the fact that I got an email authentication for every single withdrawal, might take a second but it's basically more secure. They've got an exhaustive FAQ page you can check out if you have any questions (FAQ: https://quidax.com/faq)
2. BARTER (Virtual US Cards):
Barter was one of my favourite apps of the bunch. They give you a virtual US Debit card, complete with a USA Address, tied to your name. I use Barter to pay for online subscription services that don't allow our Nigerian cards. I use it for my Adobe, Apple subscription, and more stuff. Keep in mind that it costs $2 to create a new card and $4 to create a gift card.
3. PIGGYVEST (High-interest Savings):
PiggyVest needs almost no introduction at this point. When I asked about apps that worked for people financially in Nigeria on social media, this was recommended a lot. PiggyVest is an app I "highly" recommend for people who are serious about their finances and saving. The Safelock feature on PiggyVest helps you lock funds for a long period of time allowing you to stay true to a financial goal. You can keep adding to it and it can actually accumulate to a substantial sum. Not only are you saving but, you're also earning a decent amount in interest, depending on how much you save.
It's one of the apps I use on an almost daily basis.
4. BAMBOO (Invest in US. Stocks from Nigeria)
One of the apps I really like using is the Bamboo app. It's a straightforward app, you can simply buy/sell shares of your favourite US company listed on the stock market, right here in Nigeria. The Bamboo app also has a large library and glossary if you want to read up and learn the basics or learn the ropes of buying your first stock, investing and everything in between. Another app you can use to Invest in US stocks (even Nigerian stocks as well) is Trove I love how the app displays categories, everything is easy to reach and they have a vast amount of assets as well (now including Cryptocurrency)
5. RUBIES (100% Digital Bank)
As the description reads, Rubies is a full-on online bank. You can do the everyday transactions you would normally do on your banking app and even more. You can request a card, creating a savings plan and become an independent banker. I like that the transfer fees are just 10 Naira regardless, I also like that your phone number can also be your Rubies account number. All in all, it's a well-rounded app that I use and would recommend.
Which of these apps do you use or have you just discovered? Also, which have you used and would recommend other people try? Comment below
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