Over the last couple of decades, the banking industry has evolved with a myriad of innovations. As digital as the world is today, you can easily download payment apps and which in turn, make peer-to-peer (P2P) payments fast and hassle-free.
In cryptocurrency, this digital innovation is also fleshing out, which corroborates the technology purview that crypto-related activities exist. So with different crypto apps, you have availed the opportunity of making seamless transactions, while having a digital to store your coins and tokens.
With over 300 million crypto users across the globe, different cryptocurrency exchanges are springing up to serve the demand of this crypto population wanting to have a relishing customer-centric experience while using their apps.
In this article, we will be looking at the distinguishing features of the Prestmit and Patricia app to establish which you can go for.
What Is Prestmit App?
Prestmit is a peer-to-peer payment app that is free to download (iOS or Android). It is an app that operates both cryptocurrency and gift cards transactions. On the Prestmit app, you have access to the buying and selling of cryptocurrencies like Bitcoin, Litecoin, Dogecoin, and Tether (USDT).
Also, you can trade your gifts cards (Amazon, Sephora, Google Play, iTunes, etc) on the app, which can either be exchanged for fiat currency (Naira and Cedis) or cryptocurrency (Bitcoin).
Prestmit recently launched an updated app that makes gift cards traded at high rates while offering the best of service to its users.
What Is Patricia App?
Patricia app is a Nigerian crypto trading app, which is considered the first and most popular gift card trading platform in Africa. It is also a pioneer in the world gift card and Bitcoin exchange with its head office located in Estonia.
Created and launched by Hanu Fejiro Agbodje, the Patricia app allows the storage of the buying and selling of gift cards and Bitcoin, which can be stored in a Bitcoin or local currency wallet. They can then be exchanged for the purchase of data, airtime, and cable subscriptions.
Prestmit Vs. Patricia App: The Direct Comparison Review
If you are a newbie in the world of crypto or gift card trading, here is the guide to enable you to make the right decision for your trade.
1. User Interface Experience
Prestmit app boasts of a fascinating user interface which makes trading on the platform more customer-centric. The app is easy and simple to use by a beginner who is not too detailed with some crypto-related terminologies.
On the other hand, the Patricia app is taunted for some ambiguities characterized by its services. This can be owed to the fact that the app is majorly designed for advanced crypto users, hence, posing a great deal of difficulty to newbies in crypto and gift card trading.
2. Transaction Rates
Both Prestmit and Patricia apps have high transaction rates, especially when it comes to providing high rates for gift cards on the platforms. But the distinguishing feature between the two is that Prestmit lives up to expectations concerning the provision of high rates while delivering rates of high quality.
On the Patricia app, the platform preaches high rates while also buying at high rates but tax into the users’ money through some hidden charges.
3. Customer Support
On Prestmit, the customer is king! This is not just a mere cliche, the platform works to expectation in ensuring that any of their customer’s issues are appropriately resolved on time. It could be recalled that Prestmit updated its app to further enhance the reliable user culture being enjoyed on the app.
Patricia app in a way seems to have a load of negative coming from its user. Many of these feedbacks is a culmination of poor customer service being rendered by its support. Therefore, some crypto users are always wary of using the app for their trade.
4. Rate Calculator
One key feature that makes Prestmit topples most apps on the exchange network is its rate calculator. This expunges any impending risk as this can be easily accessed by all its users. What this means is that you can check the current rates of your cards before traing them. This would in turn give you an overview of how much you will earn from trading the gift cards.
This feature is absent on the Patricia app as sellers are unable to know the market value of their gift cards before they are sold. This can be said to be risky because the seller might run at a loss if he sells the card lower than its actual market value.
On Prestmit, security is of the essence. This is hinged on creating a safe and secure trading environment that would be devoid of malicious attacks that might lead to loss of funds. This is evident in the sophistication of modern security architecture put in place to protect all accounts registered on the platform. One of the security systems is the two-factor authentication (2FA) that enhances the safety of every user’s account.
To some certain extent, the Patricia app is safe for use. Although most of these apps can expose customers to being vulnerable to hacks. Even at this, the Patricia app has some level of reputation with its 2FA and additional pin code requirements every time the app has an update.
How To Buy And Sell Bitcoin On Patricia
The following must be done to send or receive Bitcoin on Patricia:
1. Select “Wallets” on your dashboard.
2. Choose a Bitcoin wallet.
3. Click “Trade BTC” at the bottom of the screen.
4. Choose either Buy or Sell to proceed.
Is Patricia App Legit?
Patricia app is a Nigerian fintech company established under the regulations of the Federal Republic of Nigeria. It is also regulated by the Central Bank of Nigeria (CBN) while operating under the Verve International Limited guidelines.
Customers’ personal information is required when opening an account on the Patricia app. In the event of making withdrawal requests from the app, tokens, PINs, and OTPs are generated to confirmed a match-up with the defined requirements.
Prestmit and Patricia app are two apps that provide almost the same services (crypto and gift cards) trading, but with varying strengths and weaknesses. As Prestmit is designed to serve crypto beginners better, the Patricia app is aimed at serving advanced crypto traders. So it is important to go for which either of the apps that fall within your scope of trade.