Basewallet vs Iraters: Which Should You Trade With?
Score by dimension
| Dimension | Basewallet | Iraters |
|---|---|---|
| Gift card rates | 9.2 / 10Basewallet wins | 7.9 / 10 |
| Payout speed | 7.5 / 10Basewallet wins | 4.5 / 10 |
| Trade experience | 8.0 / 10Basewallet wins | 4.0 / 10 |
| Support & disputes | 7.6 / 10Basewallet wins | 4.0 / 10 |
| KYC & onboarding | 7.0 / 10Basewallet wins | N/A |
| Product quality | 8.0 / 10Basewallet wins | 4.0 / 10 |
| Other features | 8.5 / 10Basewallet wins | 4.0 / 10 |
| Security & trust | 8.0 / 10Basewallet wins | 4.0 / 10 |
| Reputation | 8.0 / 10Basewallet wins | 4.0 / 10 |
| App reviews | 9.3 / 10 | 9.8 / 10Iraters wins |
| Overall | 8.1 / 10 | 5.1 / 10 |
Side-by-side facts
| Detail | Basewallet | Iraters |
|---|---|---|
| Rate received (latest test) | Basewallet displayed a rate of ₦1,150.12 per $1 and an expected payout of ₦23,002.40 for our $20 US Razer Gold e-code. The wallet received ₦23,002. A ₦100 withdrawal fee was charged. | Iraters displayed a payout of ₦11,100 for our $10 US Razer Gold e-code, giving a rate of ₦1,110 per $1. |
| Tested payout time (latest test) | 9 minutes | 32 minutes |
| Bank withdrawal time (latest test) | 1 minute | 32 minutes |
| Support first response | 7 minutes | 35 minutes |
| KYC time | 15 minutes | Not tested |
| Payout methods | Bank transfer | Bank transfer |
| Gift card types | Amazon, AMEX, Apple / iTunes, eBay, Footlocker, GameStop, Google Play, Nike, PlayStation, Razer Gold, Roblox, Sephora, Steam, Vanilla, Xbox | Amazon, AMEX, Apple / iTunes, eBay, Footlocker, GameStop, Google Play, Nike, PlayStation, Razer Gold, Roblox, Steam, Vanilla, Xbox |
| KYC requirements | Basewallet asked for BVN, a government-issued ID and proof of address. We completed the BVN and NIN stages, including two selfies, in about 15 minutes. We couldn't complete the address stage because the state list didn't load. | Iraters did not ask us to complete identity verification. Registration required a name, email address, phone number, password and date of birth, but no BVN, ID or selfie was requested. |
| Fee structure | ₦100 withdrawal fee | a fee of 100 was deducted |
Frequently asked questions
Is Basewallet or Iraters better overall?
Basewallet is better overall. It scores 8.1 out of 10 against 5.1 for Iraters, based on our own trades on both platforms.
Which gives a better gift card rate, Basewallet or Iraters?
Basewallet rated better on the card we traded. Our gift card rates score is 9.2 for Basewallet and 7.9 for Iraters. Rates move daily and vary by card type and denomination, so compare rates per dollar before you sell.
Which pays out faster, Basewallet or Iraters?
Basewallet paid out faster in our test: 9 minutes to complete the trade against 32 minutes on Iraters. That is the tested payout time, measured from card submission to the trade value being credited; a later bank withdrawal is recorded separately.
Which has faster customer support, Basewallet or Iraters?
Basewallet replied first. Support took 7 minutes to answer at Basewallet and 35 minutes at Iraters when we contacted them during testing.