Reviews

Mola.ng Review: Is Mola Safe for Crypto P2P?

5 Mins read

Not many crypto peer-to-peer platforms in Africa carry out their operations within the ethics of transparency, integrity, anonymity, and swiftness.

With Mola,ng aiming to operate along those lines, they decided to take some time to study what this new crypto peer-to-peer platform has in stock for the African digital economy marketplace.

They will, therefore, be providing a review of Mola to enable new users to understand this new digital currency trading platform and how to take advantage of its featured services.

Molar.ng Review – About Mola.ng

mola.ng


One thing that sets Mola apart is their strict adherence to no third-party involvement in their p2p system. As a user, you can only connect directly with a buyer or a seller on the system to carry out transactions.

They offer an escrow service to fully protect both sellers and buyers until both parties complete the transaction.

In addition, Mola provides a 2 Factor Authentication (2FA) system for every user on their platform for an extra layer of security. This ensures that your funds do not easily get hacked by fraudsters.

With the Mola crypto wallet, you can easily save your assets on the platform free of charge, get real-time tracking of your crypto value anywhere and initiate a withdrawal into your local currency anytime.

Another fascinating aspect of what Mola is bringing to the market is including a crypto education series on their platform called Molanomics.

This move is aimed at reducing the rate of crypto illiteracy in Africa. The good news about this is that users do not need to pay a dime to access the crypto education resources on the website.

In their quest to cushion the effect of the high crypto illiteracy rate in Africa, Mola plans to hold crypto lectures online. In this lecture, users can register for free and learn crypto trading, NFTs, crypto security, Blockchain technologies, etc., from experts.

The dates for this online lecture series will be announced on the Mola website.

How you can trade on the Mola Platform

Registering on the Mola platform is the simplest thing to do as they provide the most straightforward user interfaces one can ever ask for. To start, follow the instructions below:

  • Sign up. To sign up on the platform, visit https://www.mola.ng/. All you need is your real name, email address, and password.
  • Verify your Identity. Once you sign up on the Mola platform, the next thing is to verify your identity using the platform’s KYC process.
  • Fund your Mola Naira Wallet. Once you are done with your verification process, then you’re set to start enjoying Mola’s beautiful features. If you’re a new user, you begin by funding your Mola naira wallet. On the platform, there is the Naira wallet and the crypto wallet. To fund your wallet, you can use any of these funding methods: bank transfer, Flutterwave via credit/debit card, Payeer, and Payment Agent Method.
  • Buy Crypto. To buy crypto on the Mola platform, all you need to do is navigate to the crypto offer page. You will see all available crypto buy/sell ads posted by users on this page. Click on the ad that matches the amount you wish to buy, and within 10 seconds, your purchase order will be processed.

In purchasing crypto on the platform, P2P transactions can be done in two modes: automatic and manual processes.

Your P2P transaction is processed in less than 10 seconds for the automatic process, while the manual process can take up to 20 minutes.

The manual process is longer because you have to look for the seller, place your order, wait for the seller to receive your fund, and release the crypto to you.

Features of Mola.ng

Mola was developed with the mission to ensure that Africans have easy access to quality and affordable financial products and services by combining blockchain technology with other technologies for financial inclusion and cross-border payment.

To achieve this goal, Mola came with a handful of valuable features for their users. Some of the core features are presented below.

1. Buy and Sell Cryptocurrency

Mola’s peer-to-peer exchange platform is the simplest way to buy and sell crypto. All you need to do is to set your ads to sell or buy from others who also want to sell on the platform.

Top crypto coins like Bitcoin, Ethereum, Cardano, Litecoin, Dogecoin, Solana, etc., can all be traded on the Mola platform. In buying and selling these coins, Crypto coins are escrowed to ensure security and quick settlements.

2. Send and Recieve Money

Nothing breeds satisfaction in your transaction more than having a reliable platform to easily send and receive money at the comfort of your home, office, gym, in fact, anywhere.

The Mola platform captures this critical feature which lets you send and receive money from your friends, family, and vendors across Nigeria and beyond.

You can also receive money using your Mola Tag. Withdraw money to your local bank account conveniently with just a few clicks.

3. Bill Payments

Have you ever tried to make a quick bill payment like a recharge for the electricity bill, DSTV, Health Insurance, etc., and experienced constant glitches?

If yes, I think you should try Mola on this. Mola lets you top-up your airtime and data bundle from all networks on the go; gifts your friends and family airtime and data conveniently.

This feature also enables you to seamlessly subscribe to cable TV and pay for electricity bills within a matter of seconds.

4. Sell Gift Cards

So many people still struggle to sell their gift cards in Nigeria. With Mola, you can quickly sell your gift card and withdraw the monetary equivalent to your local bank account within 20 minutes. It’s that convenient.

5. Send and Sell Paypal Funds

For over many years, Nigerians have been barred from receiving funds through Paypal but can only send Paypal funds to business partners outside Nigeria. With Mola, you can send and receive Paypal funds, sell them on Mola at a friendly rate and withdraw them to your local bank account without any hassles.

6. Multiple Deposits Methods

To make things more flexible, Mola features multiple deposit windows for its users. On the Mola platform, you can make a quick deposit via Bank Transfer, Giftcards, Debit/Credit card, Payeer, PayPal, Cryptocurrency, Payment agents, and PayPal. This multiple deposit method ensures that users can conveniently fund their Mola wallets the way they deem fit.

7. Multiple Withdrawals

The Mola withdrawals take a few minutes to get processed. Once you are verified on the platform and have a valid bank account, withdrawing funds from the Mola Naira wallet is the simplest thing to do. On Mola, you can quickly transfer your crypto assets from your Mola Crypto wallet to any address.

8. Payment Agent Platform

Mola has also made provisions to those interested in making some money while serving as Mola agents. As a Mola Agent, you earn commissions for processing users’ deposits and withdrawal requests using local payment methods.

For more inquiries on this, please email agents@mola.ng.

9. Security and Support

The beauty of any financial service provider is the availability of 24/7 customer support and security. On the Mola platform, users’ safety is prioritized over every other thing.

Mola provides 2 Factor Authentication (2FA) security for all users to ensure that users are protected. Similarly,

Mola provides a verified withdrawal system for Cryptocurrency and Naira withdrawal allowing users to control their funds and account with 24/7 support.

Final Verdicts

Having studied the Mola platform and tested its features, there is no doubt that they have what it takes to drive financial products and services to a new level in Nigeria and beyond.

The merging of crypto peer-to-peer trading systems, bill payment operations, and crypto education on their platform is a great move that will serve both its users’ business and educational needs.

Try Mola today and know peace!

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About author
Johnmiracle Ejikeme is a 7 Figure digital network marketer, crypto enthusiast, and a trader. A humble fellow that fancy investing and technology.
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