Are you looking for trusted broker exchanges where you can buy and sell bitcoin and other digital currencies for Naira?
If yes, then, you have definitely come to the right place.
For today’s article, I will walk you through the “Top 14 broker exchanges” that are based in Nigeria.
I personally reviewed over “20 broker exchanges”, and I can say that the ones that I am about to show you stand out from the rest.
Without further ado… let’s dive into this post!
Post Summary
My post for today will take the following order;
You can click on any of the outlines to take you directly to where it is discussed in detail. Enjoy!
Top 14 Broker Exchanges In Nigeria
Broker Exchanges are exchanges that allow you to buy or sell cryptocurrencies and other digital money for fiat.
Find my list below.
1. Yellow Card
Yellow Card is one of the best crypto broker exchanges to buy bitcoins in Nigeria.
It was founded in the USA in 2016 by Chris Maurice but expanded to Africa in 2019.
This exchange allows you to buy bitcoin at a moderate rate with multiple payment options. It also allows you to store your bitcoins in its exchange.
With Yellow Card, you can either buy or sell your bitcoins on its website or through Yellow Card’s merchant.
In the table below, you will find other features of Yellow Card.
| Services | – Buy/Sell Bitcoin – BTC Wallet – Bitcoin Merchant |
| Digital Currency | – BTC |
| Payment Methods | – Yellow Card Pin – Bank Transfer – Debit Card – Cash |
| Transaction Charges | Deposit Fee: ₦50 – ₦100 Withdrawal Fee: ₦100 Merchant Fee: ₦50 – ₦250 |
| Official Website | Read Review |
2. Blockvila
Blockvila is also one of the best broker exchanges founded by a Nigerian.
The exchange launched in 2016, and it is headquartered in Rivers State, Nigeria.
At first, the company started off as a crypto and E-currency broker but has continued with time, to expand its services to meet to the needs of its users.
This exchange has often been referred to as the NO. 1 crypto broker in Nigeria even before the emergence of Yellow Card.
Blockvila supports users from all around the world, but its users are mostly Nigerians seeking a secure platform to buy and sell digital currencies.
| Services | – Buy/Sell E-currency – BTC Wallet – Bitcoin Mining – Forex Copy Trading |
| Digital Currencies | – Bitcoin, Ethereum, Ripple, – Perfect Money, Litecoin, – Tether USDT, – Dash, EOS, Cardano, – TRON, Bitcoin Gold, – Binance coin, – Ethereum classic |
| Payment Methods | Cash deposit ATM transfer |
| Transaction Charges | Buy Fee: ₦50 Sell Fee: ₦52 |
| Official Website | Read Review |
3. Patricia
Patricia is a crypto and E-currency broker exchange that launched in August 2017.
It was founded by Fejiro Hanu Agbodje and has its headquarters in Lagos State, Nigeria. Although, it also has offices in Ghana, UAE, and China.
This exchange offers a range of services that makes it to stand out when compared to other exchanges on this list.
For instance, Patricia supports the buy and sell of over 30 gift cards and allows users to top their phones and make online payments seamlessly.
With all these amazing features, Patricia becomes one of the go-to platforms offering brokerage services in Nigeria.
| Services | – Buy/Sell Gift Cards – Buy/Sell digital currencies – Refill – Patricia debit card |
| Digital Currencies | – Bitcoin – Perfect Money – Paypal |
| Payment Methods | – Bank Transfer |
| Transaction Charges | Transfer Fee(Wallets): $2 – $5 Deposit Fee: 0% Withdrawal Fee: ₦100 |
| Official Website | Read Review |
4. Instantcoins
Instantcoins was founded by Casmir Mbah Jr in March 2020.
It is a fully automated crypto broker exchange that is based in Lagos, Nigeria.
As a self-programmed platform, it processes transaction with good speed and has succeeded in executing over 400,000 trades within the short time of its emergence.
With over 8 digital currencies listed on its exchange, Instantcoins intends, to further drive the adoption of crypto and other digital currencies in Nigeria.
| Services | – Buy/Sell |
| Digital Currencies | Bitcoin Paxful Bitcoin Ethereum Litecoin Tether Perfect Money |
| Payment Methods | – Bank Transfer – Credit Card – QR Code – USSD |
| Transaction Charges | Already embedded in the rate |
| Official Website | Read Review |
5. Alphabits
Alphabits is a bitcoin exchange company located in Lekki Lagos, Nigeria.
The exchange was founded by Kanayochukwu Eze on October 2017 but it launched in April 2018.
Alphabits intends to provide Nigerians with an easy to use platform where they can buy, sell and store bitcoins with ease.
This exchange is one of the crypto broker exchanges that has fast loading and easy to navigate UI.
Above all, it has evolved to be one of the foremost homegrown Bitcoin merchants that provides users with a sense of security.
| Services | -Buy/Sell BTC – BTC Wallet |
| Crypto | Bitcoin |
| Payment Methods | Cash deposit ATM transfer or Bank transfer |
| Transaction Charges | Already embedded in the rate |
| Official Website | Read Review |
6. Monicko
Monicko is a broker exchange that was founded by Lotanna Amobi, a skilled cryptocurrency trader, and an entrepreneur.
It was founded in 2018 as BinaryFlipper but rebranded to Monicko in January 2020.
Monicko is a well-renowned exchange where you can buy and sell up to five cryptocurrencies without breaking a sweat.
Check out for other Monicko’s feature in the table below.
| Services | – Buy/Sell Crypto |
| Cryptos | Bitcoin Ethereum BitcoinCash Litecoin Dashcoin |
| Payment Methods | – Cash deposit at the bank – Bank transfer |
| Transaction Charges | Already embedded in the rate |
| Official Website | Read Review |
7. Instantgold
Instantgold.ng is one of Nigeria’s oldest digital currency exchanges. It was founded in 2007 as a subsidiary of StraightHold Global Links LTD.
This exchange has stood the test of time, and it has offices in Lagos and Ibadan.
Instantgold.ng is certainly one of the go-to exchanges for Nigerians who are interested in selling bitcoin and other digital currency.
The exchange is fully automated and prioritizes speedy transaction. Over the years, it has been able to process over 432,000 transactions.
| Services | – Buy/Sell |
| Digital Currencies | – Bitcoin – Perfect Money – Tether – Payeer – Paypal |
| Payment Methods | – Bank Transfer – ATM Transfer – Internet/ Mobile Transfer |
| Transaction Charges | Already embedded in the rate |
| Official Website | Read Review |
8. Truexgold
Truexgold is a broker exchange that was founded by Mr Ogbaraegbe Ikenna on the 8th of September, 2011.
It has its headquarters located at MCC-Uratta, Owerri, Imo State.
The exchange supports users from all states in Nigeria and other countries as well.
It redesigned its site in 2018 making its UI very easy to navigate when buying and selling its digital currencies.
Truexgold is self-automated, and over 95% of the transactions carried out by the platform were all instant.
| Services | – Buy/ Sell digital currencies |
| Digital Currencies | – Bitcoin – Ethereum – PerfectMoney USD – Payeer USD – PlanetOfBets USD – AdvancedCash USD -Binary USD |
| Payment Methods | – Bank deposit – Mobile transfer – Internet banking |
| Transaction Charges | Already embedded in the rate |
| Official Website | Read Review |
9. RedimIT
RedimIT is a broker exchange founded by Ibrahim Olaniyi in 2019.
It is headquartered in Ikeja, Lagos State.
Albeit the relative novelty of this platform, it has come to be one of the popular exchanges that Nigerians visit when they want to sell their bitcoins.
RedimIT offers one of the best rates in the market with low fees. It equally executes trades instantly and takes moderate time to pay into their customers’ accounts.
| Services | – Sell Bitcoin |
| Crypto | – Bitcoin |
| Payment Methods | Bank Transfer |
| Transaction Charges | Already embedded in the rate |
| Official Website | Read Review |
10. Naira4Dollar
Naira4Dollar is an E- currency exchange that has been in operation since 2006.
It is operated by Sunej Global Ventures Limited. It has its headquarters in Ibadan but has offices in Edo and different parts of Lagos.
The exchange has an excellent rate on Trustpilot and a lively community on Twitter, this goes a long way to prove the exchange’s reliability and efficiency.
Certainly, this exchange has stood the test of time and should be a must-consider platform for the buying and purchase of digital currencies in Nigeria.
| Services | – Buy and Sell E-Currency |
| Digital Currencies | – Bitcoin – Perfect Money – Paypal – Webmoney |
| Payment Methods | – Cash – Bank Deposit |
| Transaction Charges | Already embedded in the rate |
| Official Website | naira4dollar.com |
11. ExchangeIndeed
ExchangeIndeed is a broker exchange operated by Globalata system venture.
The exchange has been in existence since 2009, with its headquarters in Ikeja, Lagos.
ExchangeIndeed gives you one of the best rates for buying and selling digital currencies when compared to its competitors.
It also makes sure that your transactions are carried out without delay. To see other features of this exchange, I suggest that you check the table below.
| Services | – Buy and Sell E-Currency |
| Digital Currencies | – Perfect Money – Bitcoin |
| Payment Methods | Bank transfer, Cash, Bank deposit, Mobile transfer |
| Transaction Charges | Already embedded in the rate |
12. MyTopExchange
MyTopExchange is a broker exchange in Nigeria that launched in 2012.
Formerly, it was established by Global Integrated Systems as Forextrading23 but later rebranded to MyTopExchange in subsequent years.
This exchange is one of the best choice for your digital currencies as it is fully automated and has lent its services to over 40,000 satisfied customers.
See through the table below for more details on MyTopExchange.
| Services | -Buy/Sell and Exchange E-Currencies |
| Digital Currencies | – Bitcoin, Ethereum – Perfect Money, Webmoney etc |
| Payment Methods | Cash Deposit |
| Transaction Charges | Already embedded in the rate |
| Official Website | Read Review |
13. Stebab Exchange
Stebab Xchange is a broker exchange that was launched in 2017 by Aluko Stephen.
The exchange fully launched in 2019, and it is located in Ibadan, Oyo State, Nigeria.
It specializes in buying all volumes of Bitcoin and other altcoins at the best rate in the market.
This exchange is reliable, it ensures that all transactions carried out on its platform are very swift and secure.
| Services | – Sell Cryptos |
| Cryptos | Bitcoin (BTC) Ethereum (ETH) Litecoin (LTC) Ripple (XRP) Tether (USDT) |
| Payment Method | Bank Transfer |
| Transaction Charges | Already embedded in the rate |
| Official Website | Read Review |
14. Nairadirect
Nairadirect has been in operation since 2013. It has its headquarters at Ikeja, Lagos.
The exchange with its user-friendly UI provides Nigerians with a simple way to buy their cryptos without difficulties.
Nairadirect has seen over 200K users, and has so far, processed over 1M transactions.
Check out for other details on the table below.
| Services | Buy/Sell Cryptos |
| Cryptos | Bitcoin, Ethereum, Ripple, Litecoin, Bitcoin Cash, Zcash, Monero |
| Payment Methods | Credit/Debit Card |
| Transaction Charges | Already embedded in the rate |
Having walked you through all these exchanges…let’s quickly dive into the next section.
Which is the Best?
Finding “which exchange is the best” from this list is very simple; however, it will largely depend on your personal choice and decision.
Here are the 4 important considerations to put in mind before choosing the exchange to use from my list.
- Motive (do I want to buy, sell and store)
- The currency I want to buy
- Fees/rate
- Payment methods
For example, Let’s say that I want to buy bitcoins; definitely, all the exchanges on my list sell bitcoin except Redimit and Stebab Xchange.
What I will do is to choose the exchange that has the lowest rate, transaction fee, and the payment method that is convenient for me at that time.
I will certainly choose either Redimit or Stebab Xchange if I want to sell bitcoins.
But if I want to store my bitcoins on the exchange where I bought it, then I will go for Yellow Card, Blockvila, and Alphabits.
You must know that I have only used this example to illustrate my point.
All the exchanges that you have seen on this post are reliable, fast, secure, and have the interest of their customers at heart.
If you have clearly understood this section…let’s go then to the next section and conclude this post.
Conclusion
This where will call it an end for this post. I hope it was helpful?
Now is time to get your feedback.
So tell me,
Which of these broker would you use?
Have you been using any of these exchanges – what is your experience so far?
Do you know about other top broker exchanges in Nigeria that are not included in this list?
Let me know your thoughts in the comment section below.
Before you go, do well to share this post with your friends on social media.
Cheers!
PS: If you will want to learn how to trade cryptocurrencies profitably, we developed a course that can help you do that. Check out the CTmastery course. Join our community on Telegram to learn more.
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instantcoins should be number 1 patricia should not even be on the list at all the amount of complains on that company is alarming