1. What is NairaFX?

NairaFX is a peer-driven platform designed to provide real-time updates of foreign exchange (FX) rates between the Nigerian Naira (₦) and major global currencies such as the US Dollar (USD), British Pound (GBP), and Euro (EUR). The platform also fosters a community space where trusted users connect to discuss business opportunities, financial trends, and possible FX support.

2. Is NairaFX a money exchange service or a financial institution?

No. NairaFX is not a licensed money service business, exchange bureau, or financial institution. We do not perform or guarantee currency conversions. The platform only enables access to rate data, peer networking, and business-oriented interactions for informational purposes.

3. How do I exchange currency using NairaFX?

NairaFX does not directly perform currency exchanges. However, users may:

• View real-time exchange rate data.

• Connect with verified members listed on the platform.

• Discuss FX trends and initiate peer-to-peer conversations.
  Any agreement or transaction is done at the user’s discretion and risk.

4. How often are the rates updated?

Our FX rates are updated manually and dynamically throughout the day, based on market trends and verified sources. Admins ensure rates reflect real-time market sentiment, especially for:

• USD/NGN

• GBP/NGN

• EUR/NGN

You’ll also find trend indicators (arrows showing rate rise or fall) and historical comparisons on the rate page.

5. How do I become a verified member?

To maintain trust within the community, verified members go through:

• A basic vetting process

• Confirmation of credibility from previous successful interactions

• Optional identity or trade verification (when available)
  Verified members are listed with profile info indicating whether they perform local transactions, international transactions, or both.

6. What is a “Verified Member” profile?

A Verified Member profile typically displays:

• Username or trade alias

• Transaction location (Local / International)

• FX expertise (USD/GBP/EUR)

• Network trust rating (coming soon)

• Contact method (if publicly allowed)
  This helps users connect with confidence.

7. Is my data safe on NairaFX?

Yes. NairaFX does not collect personal data such as full names, banking details, or identification. Basic analytics (like browser type or visit time) may be used to improve site performance. We maintain a strict no-spam, no-surveillance policy.

For full details, see our Privacy Policy.

8. Is there a mobile app for NairaFX?

Currently, NairaFX is web-based only, optimized for mobile and desktop browsers. A lightweight app version may be developed in the future.

9. Can I trust the people I connect with on NairaFX?

While we provide visibility into user profiles and community feedback, all interactions are peer-to-peer and at your own risk. We recommend:

• Only interacting with verified users

• Starting with small, low-risk interactions

• Reporting suspicious behavior to our admin team

10. What happens if something goes wrong in a deal?

NairaFX does not act as an intermediary or hold funds. Therefore:

• We do not guarantee transactions

• We are not liable for losses from user-to-user interactions
  However, you may report issues, and we reserve the right to suspend or remove profiles that violate platform ethics.

11. What does the rate trend graph show?

We provide a visual graph representing the historical rise and fall of the Naira against USD, GBP, and EUR. This helps you analyze patterns, spot trends, and make informed decisions before entering a deal.

12. Do I need to register to use NairaFX?

No registration is required to view live rates or engage in general browsing. Registration may be required in the future for:

• Verified member status

• Participating in discussions or reviews

• Private networking features

13. How can I contact NairaFX support?

Use the contact form on our website. For urgent issues related to verified member listings or reports, send us a message through our feedback channel.

14. Is NairaFX legal in Nigeria?

Yes. NairaFX does not operate as a licensed financial service and does not violate current Nigerian laws. It serves as a business networking platform and public rate viewer. All users must adhere to Nigerian regulations and are responsible for their own financial actions.

15. How do I stay safe while using NairaFX?

• Never share banking passwords or OTPs.

• Confirm user credibility before exchanging funds.

• Use secure messaging and screenshot evidence during P2P interactions.

• Report any suspicious behavior.