The crypto trading industry is rapidly changing in Africa, creating compelling opportunities for new crypto innovations such as crypto trading sites and apps. In the last five years, more than 1,000 crypto exchange platforms have been established to promote crypto trading in Africa as a whole.
In today’s article, we will do a side-by-side study of two well-known crypto exchange platforms, Breet and Pursa. Before making a comparison, let’s take a quick look at what these two crypto platforms do:
What is Breet?
Breet is an OTC digital currency exchange platform that allows anyone to sell their crypto and get money back directly to their local bank account. Breet does not use peer-to-peer trading as an exchange option and immediately converts your crypto to the fiat level equal to the value worth of crypto coins, so it is a crypto-to- app it is an automatic fiat.
Breet is very fast and allows you to turn on and withdraw your crypto in less than five minutes. Use Breet and enjoy zero withdrawal costs and no additional charges. Other unique features are Point rewards for all users, high security, and a reliable 24/7 messenger support service.
What is a Purse?
Pursa Exchange is a secure platform that makes it easy to buy, sell, convert or load bitcoin cards instantly in over 230 countries. Pursa provides a platform for consumers to buy, sell and exchange digital currency and digital assets. It supports a bitcoin purse to exchange Fiat money. It also offers an escrow account and a referral program. With Pursa, you can sell bitcoin with your blockchain wallet and buy bitcoin with your mobile payment account.
Now let ‘s take a brief look at what Breet and Pursa do, dive in and see what could be better than another.
Panoramic side-by-side view
For this comparison, we consider key factors. These factors are:
- Exchange system
- Allowed countries
- Security
- Credit
- Boundaries
- Taxes
- Exchange Price
- Coin with support
- User interface & available
- customer service
- Point rewards
- Transfer program
Breet vs Pursa
Breet uses an OTC crypto exchange system that automatically converts your crypto coin to a fiat equivalent of the value of your crypto. In the meantime, Pursa uses a peer-to-peer exchange, which means you have to wait for another buyer / seller or third-party agent to accept the offer and confirm payment before you can trade crypto with Pursa.
P2P trading in general is not a good option for crypto users or businesses that need to convert their crypto coins to cash immediately as it takes time. With Breet, you do not have to wait for peers to go through all these trading processes before you can fully trade your crypto.
How fast can you trade digital currency when using Breet or Purse? According to Pursa, trading for bitcoin takes seconds, and Breet takes less than five minutes. In a more practical way, crypto trading with a crypto exchange that uses a P2P exchange system takes time. Five minutes is usually the fastest time anyone can buy or sell completely under P2P. It usually takes hours. This is because both parties must accept the offer and confirm payments before the coin is released. This process can take up to hours. In a general sense, it’s safe to say that Breet is faster because you do not have to wait, but immediately get your money into your bank account.
Breet only operates in Nigeria and Ghana, meanwhile, Pursa operates in 230 countries. There is no competition here.
Security is a very important feature of that must consider before using any crypto trading platform. Breet is secure. When registering, you must verify your email address before performing an account operation and you can enable two-factor authentication. According to the Pursa website, you do not need to register to use Pursa and their users are anonymous who may not be sitting right with many crypto traders. Any crypto user will not be willing to trade in a platform that does not require registration or adherence to which I trade anonymously. There has been a series of fraudulent transactions and investors are careful not to trade with the wrong person.
Can you trust Breet or Pursa? To get trading platform credit you need to check user reviews. Breet has a review rating of 4.6 stars onwards Google play store alone. Pursa is rated 3.3 on Trustpilot, which indicates poor service. Looking through Pursa reviews, you can see a lot of users complaining that they are deceived. For now, we can’t say whether Pursa is real or a scam. Breet is reliable and credible.
Is there a limit to the amount you can trade? It has not yet been announced whether Breet or Pursa have a trade or withdrawal limit.
Breet has no trade tax, and Breet does not charge a percentage, it is 100% free to use. Pursa is relatively free, this is because there is no return cost. Breet wins this round.
After much comparison between Breet and Pursa in the exchange price level, there is not much difference.
It’s very clearly Pursa only supports the bitcoins exchange on their site. Breet supports Bitcoin, Ethereum, Litecoin, Dogecoin, and Binance Cash. Breet supports a variety of crypto coins that can be traded using their platform not as limited as Pursa.
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User interface and available
Pursa can only be used on their website, there is no app for Android or iOS devices. At the same time, Breet is available on all Android and iOS devices, Breet has also announced its plan to make it available on the web as well.
The Breet app is very easy to navigate, however, the Pursa site can be confusing for a new user.
Pursa says they have a 24/7 work messenger support team. By review, many users have said that they are scammers and complain about their poor messenger service. Pursa’s messenger support is only available through a live cat and a telegram which is a big red flag. There is no contact email address or phone number. Breet has 24/7 working messenger support with user reviews and testimonials. You can reach out to them at any time, day or night. Breet also provides a number of contact options – phone number to call, email address, Livechat, WhatsApp, Twitter, Facebook, and Instagram. This signifies trust and belief. Breet has better messenger support than Purse.
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Point / Application Awards Program
Breet offers their customers point-to-coin conversions that can be converted into cash. While Pursa has a referral program where you earn 20% commission on any user who invites you to the platform.
Comparison Table
| Factors considered | BREADACH | PURSA |
|---|---|---|
| Security | ✅ | ❌ |
| Credit | ✅ | ❌ |
| Boundaries | ✅ | ✅ |
| Taxes | ✅ | ✅ |
| Messenger support | ✅ | ❌ |
| Point rewards | ✅ | ➖ |
| Referral program | ➖ | ✅ |
| Allowed countries | ❌ | ✅ |
| Supported coins | ✅ | ❌ |
| User interface and available | ✅ | ❌ |
| Exchange system | ✅ | ❌ |
| Trading Price Rate | ✅ | ✅ |
| Speed of time | ✅ | ✅ |
In summary, it is very clear that Breet is a better and more secure crypto trading platform to trade with, compared to Pursa.