Busha exchange profile

Busha’s personal trading tools include one-time purchases and conditional limit orders. A limit buy specifies the highest acceptable price, while execution depends on the market reaching a qualifying price. The reviewed instructions do not specify a universal expiry period, partial-fill policy or maximum number of open orders.[2]

Its homepage claims more than one million users and over 80 assets. These are company-reported reach measures; the inspected page does not define active traders or publish a comparable rolling exchange-volume figure. Account registrations should not be treated as executed trading activity.[23]

Busha’s Business quote engine fixes the source/target currencies and one requested amount for a limited period. The request supplies either the source amount or target amount, not both. A quote currency is a fiat valuation reference, not necessarily the asset actually held or delivered. A quote that expires must be replaced rather than assumed executable.[27]

Personal buy and sell rates are shown in the selected coin’s information view. They are Busha’s own conversion rates; a single mid-market crypto price does not establish the customer’s total cost. The inspected rate guide does not publish a universal maker/taker tariff or fixed spread. Comparing the actual amount paid with the asset received captures costs embedded in the quote.[5]

These figures come from the personal sending page updated 4 May 2026. Network congestion can change the displayed charge; check the final send preview. A fee denominated in BTC, ETH or USDT is a token amount, not a percentage of the withdrawal.[6]

For a hypothetical NGN100,000 business payout, those fixed charges total NGN157.50: 107.50 + 50. The principal, any currency conversion and other applicable route charges are excluded.[7]

Business quotes can incorporate external network charges. Where a payment-in or payment-out account is omitted, the documented default is the business’s own balance. An internal balance conversion and a conversion followed by external settlement can therefore have different cost components.[27]

The Nigerian personal agreement requires local-currency deposits from the customer’s own bank account and prohibits third-party bank withdrawals. Its business-day processing obligation is reasonable-efforts wording, not a guaranteed withdrawal deadline.[24]

The personal Spot Wallet is not a bank account. The agreement describes local currency in segregated accounts at licensed financial institutions; ordinary Spot Wallet balances earn no interest. Crypto custody should not be inferred from this fiat-safeguarding description.[24]

The crypto-loan FAQ grants Busha a first-priority continuing security interest in pledged collateral, including authority to manage, convert or use it for liquidity or operational purposes. Pledged coins therefore have a materially different use restriction from an unencumbered wallet balance. They cannot be withdrawn until repayment and confirmed release.[20]

Loan-to-value is the debt divided by the current collateral value. For illustration, NGN100,000 of debt against NGN200,000 of collateral is 50%; if collateral falls to NGN160,000 with debt unchanged, it becomes 62.5%. Those figures demonstrate the mechanism, not Busha’s liquidation trigger. Adding collateral or reducing debt lowers the ratio.[21]

The personal terms cover Nigeria and Kenya, require adulthood and exclude US, UK and Canadian persons under their definitions. VPN circumvention is prohibited; corporate clients require a separate agreement.[24]

Verification progresses from email and phone/personal information to BVN or government identity evidence, then address verification for the highest stated level. A document submission is not the same as approval. The actual account status determines access, and additional checks may be needed for the intended transaction.[12]

These schedules differ in currency, amounts and deposit treatment. They do not form a consistent FX conversion or a guaranteed common limit. Confirm the current approved amount in the account before sizing a transfer.[13][14]

Business verification covers incorporation, directors and beneficial owners. Higher access can require an AML policy, organisation chart and relevant licence. Payment links, APIs and withdrawals require approval.[7]

The authenticator-recovery guide identifies in-app support and email assistance and describes support as available 24/7. This is channel availability, not a 24-hour resolution guarantee. Supply the requested identity evidence through the official support process rather than assuming a device reset releases withdrawals automatically.[17]

The Nigerian personal agreement requires written dispute notice within 30 days after the claim or dispute arises. That is a customer-notification clock, not a complaint-resolution promise. It provides for informal engagement, Nigerian law and exclusive Nigerian courts. No alternative telephone dealing authority was established.[24]

For planned personal account deletion, the app requires email and two-factor confirmation. A request takes five days from submission, during which the customer can stop deletion in the profile settings. Deletion is a separate action from withdrawing assets or cancelling a payment instruction.[18]

Nigeria’s SEC currently lists Busha Digital Limited, trading as Busha, in its Accelerated Regulatory Incubation Program participant table, with the function Digital Assets Exchange. The primary register establishes that programme status. It does not label the entry a completed unrestricted exchange licence or confer a bank-deposit guarantee.[25]

Busha’s own explanation dated 30 August 2024 describes the admission as provisional and subject to the incubation process. It said customers did not need an immediate account migration at that time. That historical onboarding explanation should not be used as evidence that all later licensing stages have been completed.[1]

These corporate and data-protection identifiers serve different purposes from SEC financial-market permissions. The inspected Nigerian programme entry applies to the named participant and specified activity; it should not be extended to every group product or country.[25]

Operator

Busha Digital Limited

Exchange model

Centralised

Service scope

Personal crypto accounts; separately approved business payment services.

Client types

Retail clients; Institutional clients

Pricing publication

Public and quoted pricing

Pricing scope

Conversion quotes; distinct personal and business transfer schedules.

Funding scope

Crypto transfers and country-specific bank/mobile-money rails.

Custody and asset handling

Account-held assets; separate fiat safeguarding and pledged-collateral terms.

Client eligibility

Personal country restrictions; identity and business verification.

Support

In-app assistance; formal notice under personal terms.

Authorisation and registration scope

Nigeria SEC ARIP participant, listed for Digital Assets Exchange.

Exchange metadata checked 20 Oct 2026Source 23Source 24Source 25Source 7Source 28

Busha Savings is an NGN/USD product using third-party deposit partners. Flexible savings allows withdrawal on demand; fixed terms of three, six, nine or twelve months release at maturity, with no early-exit option described. Minimums are NGN1,000, US$100 for flexible USD and US$50 for fixed USD. Quoted APY and daily accrual do not guarantee an unchanged future rate. The FAQ expressly says these arrangements are not bank accounts covered by government deposit insurance. Interest normally reaches the Spot Wallet and must be reinvested manually.[19]

Crypto-backed loans accept USDT, USDC, BTC, ETH and SOL collateral, subject to risk approval and account-history requirements. The FAQ describes no fixed principal maturity but monthly interest payments; rates can change. If the fiat balance cannot cover interest, collateral can be used. A missed obligation or threshold breach can lead to liquidation without prior notice. Repaying principal partly or fully is described as penalty-free; the account’s agreed thresholds and release conditions still apply.[20]

Ending an integration’s future access does not unwind a completed conversion or transfer. Check account activity and outstanding instructions as well as the connection status. No managed AI investment service or universal approval-before-each-action safeguard was established from the inspected API-key documentation.[30]