Is VEILUR Legit? My Honest Review After Using It

Veilur is a crypto exchanging platform that allows Nigerians to exchange their digital assets and receive the payout through PayPal-Paga withdrawal. This platform is relatively new in Nigeria and I have personally tested it. Here's my honest review about the platform.

$25 Welcome Bonus for Every New User

Veilur promised to give every new users that sign up using existing user's referral link (code) a $25 welcome bonus. This is entirely true because I received the bonus in less than 5 hours through my PayPal in Nigeria when I signed up. See the screenshot below as proof of the welcome bonus.

The bonus will be paid to your Nigeria PayPal account and you can withdraw it through Paga. This is why Veilur requires you to sign-up using the same email you used for your PayPal and Paga. You must also link your PayPal and Paga together to make the withdrawal successfully.

Check out the video tutorial I made so that you will not make any mistakes while setting up your account.

To get your referral bonus, go-to “veilur.net” scroll down the page and enter the same email address you used to create your PayPal and Paga, as it's shown in the screenshot below.

Note: if you've received the $25 bonus before, you will not be eligible to receive it again. That's why I used my email address and I annotated the screenshot. Once you're done inputting your email address, you will need to wait for the Veilur team to review your application and once you're qualified, you will get the $25 bonus in your PayPal.

The entire review process takes up to 24 hours. I got mine in less than 5 hours of submitting my application. This is my Paga withdrawal proof of the $25 bonus.

Earn 15% on your Crypto Exchange

In addition to the welcome bonus, Veilur also promised that you will get 15% more than the market rate on every sale and exchange of your Crypto assets. You can exchange your Bitcoin (BTC), Tether (USDT), USDC, Litecoin (LTC), and more on the platform.

To start exchanging on the platform, visit “veilur.net” and login to your account. On the dashboard, select BTC, LTC, or USDT and enter the amount you would like to exchange. Your PayPal email is already added at the point where you sign-up for the $25 welcome bonus. But if it doesn't bring it out, then provide the Paypal email address where you would like to receive your funds and transfer your cryptocurrency to the deposit address generated for your exchange request.

The process is simple and straightforward. It's important to note that Veilur doesn't store your crypto assets like Binance or TrustWallet. The platform only helps you to exchange your cryptocurrency with real cash. Once you send your crypto assets to the designated crypto wallet provided on your dashboard, the transaction will go through three confirmation and enters the processing queue.

After that, you will receive your payout in less than 24 hours in your PayPal account. You can then withdraw it through Paga. Check this guide from another person who tested the platform, sharing tips to help users avoid common mistakes and confirming that the platform actually works as promised.

Earn 2% From Every Referral

The 2% referring bonus is the reason I compiled this article in the first place. If you sign-up using my referral link, I will earn 2% on every exchange you performed on the platform. The same thing is applicable to you. If you join the platform and carry out at least one crypto exchange on the platform, you will unlock your referral link and you can also be sharing it with your friends and family.

In addition to that, you will also gets a permanent +0.5% boost on your exchange rate. So, it's a win-win fair deal here. So, join Veilur using my referral link: “https://veilur.net/ref/5438da82”. You can simply click on the link to sign up or enter the code—5438da82—in the box designated for referrals.

So, How does Veilur makes money?

I know this is the most pressing question you would likely ask because you would be thinking that with all the bonuses (referral and welcome bonus) and the 15% increase more than the market rate on every sale Veilur promised, how are they even making money.

Here are possible ways Veilur makes money:

• Partnership commissions: Veilur partners with PayPal for easy cash withdrawals of its customers. This integration with payment providers makes the platform receive commission-based revenue on every success payout to customers' PayPal account.
• Institutional liquidity: Institutional liquidity ensures that the market is stable and that the price of a single asset does not fluctuate too much. VEILUR uses this concept to processes a high volume of crypto transactions and negotiate better exchange rates with liquidity providers to keep part of the difference.
• Foreign exchange (FX) margin: Veilur also makes money when their reserves of crypto are converted to USD.

Is Veilur Legit?

This is my personal and honest review about Veilur. Veilur is legit and trusted. I personally tested this platform and it turned out well. However, you have to understand Veilur is not a Crypto wallet; instead the platform is an intermediary between your crypto assets and fiat cash. It bypasses the P2P marketplace that's full of unregulated individuals that can easily do away with user's digital assets without traces.