- 1 What is Breet?
- 2 What is Pursa?
- 3 Side-by-side Overview
- 4 Breet VS Pursa
The crypto trading business is revolutionizing rapidly in Africa, creating relevant opportunities for new crypto inventions like crypto trading sites and apps. In the past five years, over 1,000 crypto exchange platforms have been established to foster the trade of crypto in Africa as a whole.
In today’s article, we’ll explore a side-by-side overview of two notable crypto exchange platforms, Breet and Pursa. Before comparison, let’s take a quick introduction of what these two crypto platforms do:
What is Breet?
Breet is an OTC cryptocurrency exchange platform that allows anyone to sell their crypto and receive cash in return straight to their local bank account. Breet does not use peer-to-peer trading as an exchange option and instantly converts your crypto to the fiat equivalent of how much your crypto coin is worth, hence it is an automated crypto-to-fiat app.
Breet is incredibly fast and allows you to convert and withdraw your crypto in less than five minutes. Use Breet and enjoy zero withdrawal fees and no extra charges. Other unique features are Point rewards for every user, high security, and 24/7 reliable customer support service.
What is Pursa?
Pursa Exchange is a secure platform that makes it easy to buy, sell, convert or load cards with bitcoin instantly in over 230 countries. Pursa provides a platform for users to buy, sell and exchange cryptocurrencies and digital assets. It supports a bitcoin wallet to exchange Fiat currency. It also offers an escrow account and referral program. With Pursa, you can sell bitcoin with your blockchain wallet and buy bitcoin with your mobile payment account.
Now we have taken a brief insight into what Breet and Pursa do, let’s dive in and see what may make one better than the other.
For this comparison, we will be considering major factors. These factors are:
- Exchange system
- Countries allowed
- Exchange Price
- Coin supported
- User Interface & Availability
- Customer service
- Point rewards
- Referral program
Breet VS Pursa
Breet uses an OTC crypto exchange system that automatically converts your crypto coin to the fiat equivalent of how much your crypto is worth. While, Pursa uses 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 generally is not a good option for crypto users or businesses who needs their crypto coins converted to money immediately because it is time-consuming. With Breet, you don’t have to wait for a peer to go through all those transactional processes before you can completely trade your crypto.
How fast are you able to trade cryptocurrency when using Breet or Pursa? According to Pursa, trading your bitcoin takes seconds, while Breet takes less than five minutes. With more practical truth, trading crypto with a crypto exchange that uses a P2P exchange system is time-consuming. The fastest anyone can completely buy or sell under P2P is usually five minutes. Most times it takes hours. This is because both parties will have to accept the proposal and confirm payments before releasing the coin. This process may take up hours. In general sense, it’s safe to say Breet is faster as you do not have to wait, but instantly get your money into your bank account.
Breet functions only in Nigeria and Ghana, meanwhile, Pursa functions in 230 countries. There’s no competition here.
Security is a very crucial factor that must be considered before using any crypto trading platform. Breet is secured. During registration, you are required to verify your email address before account functionality and you can enable two-factor authentication. According to Pursa’s website, you do not have to register to use Pursa and their users are anonymous which may not sit right with many crypto traders. No crypto user will be willing to trade in a platform that won’t require a registration or keep who I’m trading with anonymously. There have been a series of fraudulent transactions and investors are careful to not trade with the wrong person.
Can you trust Breet or Pursa? To outsource the credibility of a trading platform you have to check users’ reviews. Breet has a review rating of 4.6 stars on Google Play store alone. Pursa is rated 3.3 on Trustpilot, which indicates poor service. Glancing through Pursa’s reviews, you can see many users complain of being cheated on. For now, we can’t say if Pursa is genuine or a scam. Breet is trusted and credible.
Is there any limit on the amount you can trade? It hasn’t yet been stated if Breet or Pursa has any trading or withdrawal limit.
Breet has no transaction fee, nor does Breet cut out a percentage, it is 100% free to use. Pursa is partially free, this is because there’s no chargeback. Breet wins this round.
After much comparison between Breet and Pursa in the exchange price rate, there’s not much difference.
It is very clear Pursa only supports the trade of bitcoins on their site. Breet supports Bitcoin, Ethereum, Litecoin, Dogecoin, and Binance Cash. Breet supports a diversity of crypto coins that can be traded using their platform which is not as limited as Pursa.
User Interface and Availability
Pursa can only be used on their website, it has no app for Android or iOS devices. Meanwhile, Breet is available on all Android and iOS devices, also Breet has stated its plan to make it available on the web as well.
Breet app is very easy to navigate, whereas, Pursa site can be confusing for a new user.
Pursa claims to have a 24/7 working customer support team. By review, many users have claimed that they are scammers and complain of their poor customer service. Pursa customer support is only available via live chat and telegram which is a big red flag. There’s no email address or phone number that can be contacted. Breet has 24/7 working customer support by users’ reviews and testimonies. You can reach out to them anytime, day or night. Breet also provides multiple options in contacting them – there’s a phone number to call, email address, Livechat, WhatsApp, Twitter, Facebook, and Instagram. This indicates trust and credibility. Breet has better customer support than Pursa.
Point Rewards/Referral Program
Breet offers all their users point rewards which can be converted to cash money. While Pursa has a referral program where you earn 20% commission on any user you invite to the platform.
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In synopsis, it is very clear that Breet is a better and safer crypto trading platform to trade with, compared to Pursa.