The Safest Way To Fund Liberty Reserve in Nigeria

www.libertyreserve.com is not owned by any exchanger. It is owned by Liberty Reserve S.A. You cannot fund liberty reserve directly from the liberty reserve company and so the needs for liberty reserve exchangers.

Exchangers are like wholesalers who buy liberty reserve in bulk from Liberty reserve company or any other exchanger and then retail or fund in smaller bits to consumers.

Exchangers pay a lot of commission to have liberty funded to their account. Most of the commission charges include bank charges, international transfer fees, liberty reserve transfer fee, bank telex charges, exchanger’s commission and VAT charges. All these commissions are fixed and could amount to much when added to the total cost of dollar in the foreign exchange market. Therefore exchangers add up these whole cost of commission plus their profit before coming up with the actual buying cost for liberty reserve.

For instance, the cost of dollar may be N160 in the foreign exchange market while that of liberty reserve is N170. This N170 includes the total cost of buying liberty reserve, the commissions paid, and the exchanger’s profit.

Exchangers save final consumers the stress and cost of paying huge commission while converting cash to liberty reserve. If you want to fund $1000 liberty reserve in Nigeria from foreign exchangers, you are going to pay more than you would if you decide to fund from local exchangers. This is because the Nigeria liberty reserve exchangers fund liberty reserve in bulk so as to make profit. If the cost of buying $1000 worth of liberty reserve from exchangers in Nigeria is N170,000, the cost of buying  the same amount from foreign exchangers or liberty reserve could be N175,000.

This is because the bank commission charges are fixed whether you are transferring $10 or N10,000 to foreign account.

It is more advisable to fund your liberty reserve from Nigeria exchangers rather than foreign ones.

Apart from incurring the risk of paying several commissions, there are fraudulent websites out there purporting to be liberty reserve exchangers. You may loss you hard earned money to foreign fraudsters if you stick out your neck to buying liberty reserve from abroad.

Buying locally is more secured (though there is still need for due diligence before buying) because the exchangers are closer to you. At least you can trace their address if they are unable to deliver your liberty reserve to you.

There are some good security measures to apply while funding liberty reserve in Nigeria; you can get them here on this website. Adhere to the rules and enjoy long lasting peace of mind as you fund liberty reserve in Nigeria.