Paychatik, a cryptocurrency exchange, says users can use it’s platform to build risk-free portfolios for transactions.

Theoder Innocent Okechukwu, Paychatik founder, said this in a statement issued over the weekend.

Okechukwu said the platform’s mission is to solve problems in the cryptocurrency markets, such as swapping and transaction fees.

“Paychatik is a platform that has shown a solid and consistent dedication to meeting the needs of its customers. The platform is user-friendly and regularly updated. Putting smiles on the faces of customers is our top priority,” he said.

“With Paychatik App, users can do so much. If you send to an external wallet, you can not use a name tag, and you will pay a normal transaction fee, but when sending to a Paychatik user, you pay low fees.

“Paychatik is also a crypto transaction platform where users can know verified users before sending out their payments.

“The platform promises to provide the most secure, non-custodial trading platform that boasts thousands of subscribers already.”

Okechukwu said Paychatik technologies plans to own a bank in the future and to enhance the fintech outlook for the Nigerian banking industry.

How To Avoid Crypto Scam On Paychatik

When you send payment with crypto address example:

(bc1qejezesrs8mr2xssv5rlda2sm40yx6htrg0lk6l)

you don’t know verified wallet & you can be at risk of loosing your funds, But if you use Paychatik usertag (@yourname) to send crypto payment to paychatik user, before sending the payment you will know if the user is verified or not,

A verified user will have a verification check badge (✅) next to their name just like twitter verified account but an unverified user won’t have verification badge next to their name and for you to avoid possible scam you should ask the user or the organization to get verified first before you send the payment,

below are examples of Paychatik verified user and unverified user:

Verified user on Paychatik

Unverified user on Paychatik

Surely there’s no scammer will ever want to verify their wallet/account, this is how paychatik nametag will save you from crypto scams. we are cutting down crypto scams because it’s our duty to provide you a safe platform to carryout your crypto transactions.