I have recently heard many people talk about the high exchange rates and how imposing they are. Among these talks, the one that stuck to my ears was Abidemi's. She said, “I wish I could send money to Nigeria at my own exchange rate.” Everyone laughed when they heard her say that because they knew it was impossible. What marketplace would allow you to choose your exchange rate?
While we all laughed at her, Felix motioned to us, saying that Abidemi's wish was very possible. In doubt and disbelief, we chorused “How??” His answer started with one word, “Swap.”
What Is Swap?
Swap is a P2P feature on Kyshi's marketplace that allows you to exchange pounds for naira at rates that you love. This way, you don't have to get stuck to fixed exchange rates.
Remember that to use Swap, you either create an offer at your rate and send it to the Kyshi marketplace or accept an existing offer with a rate that suits you.
Now that you know what Swap is, let's walk through how you can use it.
How To Use Swap
Just as we earlier said, Swap is a peer-to-peer feature that allows you to create an exchange offer or accept someone else's.
Let's see how to create an offer in four steps:
Step One: Log into the Kyshi app and select your "send" and "receive" currency on the home screen.
Step Two: Enter your transaction amount and select your preferred exchange rate.
Step Three: Click “Create offer anyway” and enter a beneficiary i.e. the person you want the exchanged funds to be sent to once your offer is accepted.
Step Four: Confirm your transaction for it to go to the marketplace to be accepted by one of our several thousand users.
See how to accept an Offer on the marketplace:
Step One: Log into the app and swipe up on the home screen to see the current hot offers
Step Two: Accept an offer that suits you
Alternatively, you can;
Step One: Click on “Offers” (at the bottom of the home screen)
Step 2: Use the filter button (at the top-right corner of your screen) to select the kind of offer you want
Step 3: Accept an offer that suits you
Please Note: If you can’t find an offer with a rate you want on the marketplace, you can set alerts for offers (Offer Alerts) in any currency of your choice, within your preferred rate and we’ll notify you immediately someone creates that offer with your desired rate. See how to create an Offer Alert here.
So What?
Exchanging currencies should not be ladened with difficulty and rigidity. Hence, Kyshi's Swap feature promotes independence and freedom in the marketplace.
Yeah, back to my story 😄. Abidemi's wish came through. And now, she uses and enjoys currency exchanges with Swap.
You should use Swap to send money to your loved ones between Nigeria and the UK. Download the Kyshi app now to get started.
With love,
Dennis.