Frequently Asked Questions
Learn more about Blockvila through FAQ
How can i Buy or Sell Bitcoin or other crypto
To Buy and sell Bitcoin or other crypto on Blockvila, You need to sign up, Login and verify your KYC. Once your KYC is verified you can start buying and selling from other traders advert or creating your own advert for other traders to buy or sell to you
What is Blockvila P2P?
Blockvila P2P (Peer-to-Peer) is a crypto trading market place where buyers and sellers meet each other, and buy and sell directly with each other and not directly buying from Blockvila Company. Blockvila Provides an Escrow for more secure payments for the transactions between the buyer and the seller
What is an Escrow?
Escrow services are the key to more secure payments. This financial arrangement allows a representative third party to bring neutrality to transactions by holding payment of the cryptocurrency required for two parties involved in a given transaction
Here Blockvila serves as the third party between the buyer and the seller by putting the coins being transacted in an escrow to secure the transaction until the traders reach an agreement, the coin will then be released from the escrow account to the buyer.
What is Blockvila P2B?
P2B (Peer-to-Business) is the platform to sell or Buy your coins directly with the Blockvila company. This is the Oldest Blockvila platform which sers have been using since 2016. When you don't wish to buy or sell with other sers on the Blockvila platform, you simply wish to sell to our company directly, Then you use the P2B.
NOTE: the P2B service is only Available for Nigerians
What Fees do you Charge?
Blockvila Charge some fees on the P2P platform.
1. Escrow fees: 0.6% Fee is charged on the Sellers. Buyers pay no fees
2. Withdrawal fees: 0.0005 BT, 0.004 ETH, 10 USDT ERC20, 1 USDT TRC20 and 20 VILA.
3. Swap fees: 0.5%
NOTE: You can trade with No fees charged if when you stake VILA token on the platform. Once you stake VILA for a minimum of 6months. The ZERO FEES will be activated and you cant trade without any fees
What is Blockvila Staking?
This is simply Locking up your crypto assets for a certain period of time to earn more tokens. after the locking period ends, you will receive back your initial locked tokens.
What can i Stake and How much can i earn in staking?
Blockvila Staking Blockvila offers a staking program where users can stake supported liquidity provider tokens for impressive yields. Liquidity providers can choose to stake VILA or USDT on our staking platform.
VILA staking: 3 months (10%), 6 months (25%), 12 months (50%)
USDT staking: 3 months (8%), 6 months (15%), 12 months (30%)
The VILA staking will be halved every 2 years till the next 6 years. After 6 years the halving will stop and become stable.
What Special reward will i get for Staking VILA token
Staking holders of VILA can stake their assets to earn 50% in VILA yearly adepending on the staking plans preferred by the investor.
Staking VILA tokens for 6 months and above unlocks the no trading fee option. This means that those who stake their token for that duration will be exempted from paying the 0.6% trading fee on the Blockvila P2P platform.
Staking VILA also unlock free access to our Premium Academy courses