Top 17 e-Currency Exchanges in Nigeria | Buy PM, Neteller, etc

This post comprehensively highlights the top e-currency exchanges in Nigeria.

Before the creation of bitcoin or cryptocurrencies, e-currencies (‘e’ for electronic or digital) were the easiest way to carry out borderless transactions around the world.

Cryptocurrencies are actually e-currency but they differ from an earlier generation because they are decentralized and encrypted. These are unlike the traditional digital currencies that are mostly domiciled in USD and EURO and are centralized.

Even though cryptocurrencies are hot cake now and also gives users total control, e- currencies are still in high demand.

The major e-currency providers include; Perfect Money PM, Neteller, Skrill, Paypal, WebMoney, Payeer, Payza, etc.

e-Currencies make it easy to receive and send money instantly worldwide. Its users can also buy goods from online stores, invest in financial schemes, pay for service, or enroll in courses online.

Of recent, you can even convert Perfect Money to Bitcoin.

These transactions can be done instantly and at a very low transaction fee when compared with doing a wire transfer or using Western Union which take days and high charges.

However, the major challenge with digital currencies is funding your wallet and withdrawing. i.e integration with traditional banks.

One of the fastest ways to fund or withdraw from an e-currencies wallet to a bank account is through an e-currency exchange.

Today, I will be talking about the top 10 e-currency exchanges in Nigeria.

Through these exchanges, users can buy Perfect Money(PM), Neteller, WebMoney, etc. as well as sell them and have the money in your bank account.

Some also let you convert PM to Bitcoins.

Find the list below.


Top e-Currency Exchanges in Nigeria

This table below shows the e-currencies and their supported exchanges in Nigeria.

S/N.e-CurrenciesExchanges
1.Perfect MoneyTruexGold
MyTopExchange
eTradeXchange
Blockvila
ExchangeIndeed
InstantGold
Naira4Dollar
Naira2USD
MonEx.ng
InstantExchangers
Nigeria Gold Exchange
TopupGold
iDeyPay
Instantcoins
Patricia
Zcnox
2.PayPalInstantGold
Naira4Dollar
Naira2USD
MonEx.ng
InstantExchangers
Nigeria Gold Exchange
TopupGold
Patricia
3.NetellerPaybis
Naira2USD
MonEx.ng
TopupGold
4.AdvancedCashPaybis
TruexGold
eTradeXchange
InstantExchangers
5.WebMoneyInstantExchangers
eTradeXchange
6.SkrillPaybis
Naira2USD
MonEx.ng
InstantExchangers
Nigeria Gold Exchange
7.PayeerPaybis
InstantGold
InstantExchangers
8.PayoneerNaira2USD
TopupGold
9.PlanetOfBetTruexGold

The list of exchanges is in no particular order of hierarchy. It includes:

1. Paybis

Paybis

Paybis is an advanced digital currency exchange registered under the name PayBis LTD, 35/3 Buchanan Street, Edinburgh, EH6 8RB, UK.

You can see that Paybis is not indigenous to Nigeria. It is operated from the UK and the USA. It is a top Neteller exchanger.

Users of this platform can swap amongst the supported e-currencies and cryptocurrencies.

For example, a user can exchange his Neteller for BTC, Skrill, and vice versa. You can also buy Neteller with your Master/Visa card. But you will need to buy Bitcoin first and then convert to Neteller.

All transactions take a maximum of 10 mins. If you encounter any issue, chat up the customer care via LiveChat available 24/7

Available currencies: Payeer, Skrill, Advanced Cash, Neteller, BTC, ETH, LTC, XRP, BCH,NEO, BNB, XLM, TRX

Read Review  Visit Site

2. TruexGold

Truexgold

I used TruexGold first in 2017. The service was good but the platform was quite a crap then.

There was this annoying music that automatically plays when you visit the site.

However, they did a total overhaul of their site in 2018 to make it amongst the best; if not the best.

I can say that TruexGold is the most simple and organized e-currency exchange in Nigeria. About 90% of the transaction in this exchange are automated.

Right from the homepage, the user can interact with the exchange to know the available currencies and how to buy and sell them.

One of their users was quite satisfied with the service that he wrote:

Ofor Ifeanyi,

16.01.2019, 11:17 AM

There is actually two exchangers in Nigeria and Africa at Large… TruexGold.com and others. I…

They are also one of the few exchanges in Nigeria that supports an instant exchange of PM to BTC and vice versa.

Communication channels available include WhatsApp, Skype, email, telegram and live chat.

Supported currencies: Perfect Money, Payeer, Advanced Cash, Binary, PlanetOfBets, Bitcoin.

Read ReviewVisit Site

3. InstantGold

InstantGold

InstantGold was established in November 2007. It is one of the oldest e-currency exchange in Nigeria.

By November 2020, InstantGold will be celebrating its 13 years of reputable service to Nigeria.

It has 2 offices in Nigeria; one in Lagos and the other in Port Harcourt.

My very first transaction with InstantGold was in May 2016 when I exchanged OKpay for NGN.

Instantgold no longer provides exchange services for OKpay. However, you can buy Web Money and other digital currencies on InstantGoldNg.

Supported Currencies: Perfect Money, Payeer, PayPal, and BTC.

Read ReviewVisit Site

Note: InstantGold only SELLS PayPal. This means that you can only BUY from the exchange; you cannot SELL.

4. Blockvila

blockvila logo

Blockvila is one of my choice cryptocurrency exchange in Nigeria. It is located in Port Harcourt.

The exchange is focused not on traditional e-currencies but on cryptos.

However, to cater to the high demand of Perfect Money by its users, they included the exchange of Perfect Money.

This exchange has one of the most user-friendly platforms.

Its Live Chat is quite responsive. I have bought and sold Perfect Money, Bitcoin and Ethereum on Blockvila, therefore, I can attest to its service efficiency.

I have never been disappointed using this exchange.

Blockvila is the exchange with one of the lowest transaction fee in Nigeria.

Supported Currencies: Perfect Money (PM), BTC, ETH, LTC, XRP, ETC, DASH, EOS, ADA, TRX, BTG, BNB

Read ReviewVisit Site

5. Naira4Dollar

Naira4dollar

This exchange is operated by Sunej Global Ventures Limited which is an ICT company registered with CAC.

Naira4dollar has been in operation since 2006 making it the oldest e-currency exchange in Nigeria. My very first BTC purchase was from this company.

Unlike other exchanges as old as Naira4dollar, it has maintained a relatively low portfolio.

Though it only supports the exchange of few e currencies, they are quite good at their job.

Supported currencies: Bitcoin(BTC), Perfect Money(PM), and Paypal.

Visit Site

6. Naira2USD

Naira2USD

Naira2USD is a Nigeria digital currency exchange located in the east of the Niger.

It is a great platform although I think they can do better in the design of the homepage.

However, they made up for the poor homepage design with the quality of service. I have been dealing with this exchange since early 2017. My last transaction with the exchange took only 5 mins.

Naira2USD have an active customer service to attend to any question you might have. You can reach them via LiveChat, WhatsApp, email and phone call.

Supported currencies: Neteller, PM, Paypal, Skrill, Payoneer, BTC, LTC, ETH, NEO and GAS, ADA, XRP, DASH, ZEC, BCH.

Note: Naira2USD only SELLS Payoneer. This means that you can only BUY from the exchange; you cannot SELL.

Read ReviewVisit Site

7. MyTopExchange

mytopexchange

MyTopExchange (formerly Forextrading) was founded in 2012.

It is registered and located in Lagos State, Nigeria and has an easy to use interface.

MyTopExchange is a broker exchange and offers the following services – exchange, Forex account funding and training.

It has an active customer support that can be reached via email, calls, or WhatsApp.

Supported currencies: Perfect Money(PM), BTC, InstaForex, JustForex, Binary.com.

Read ReviewVisit Site

8. eTradeXchange

eTradeXchange is a broker exchange that has been around since 2007.

It is located in Lagos State, Nigeria and has a great UIX.

On this exchange, you can only make deposits through online transfer and cash deposit.

All questions can be sent via the Live Chat at its home page. You can also reach the team via WhatsApp.

Supported currencies: Perfect Money, AdvCash, JustForex, Deriv, BTC, LTC

Visit Site

9. ExchangeIndeed

exchangeindeed

ExchangeIndeed is a broker exchange that has been in existence since 2009.

It is located in Lagos State, Nigeria and allows its users to exchange.

Since its inception, ExchangeIndeed has funded and credited over one million Perfect Money accounts.

For any inquiry, you can contact the team via its Live Chat, WhatsApp, or the number listed on its site.

Supported coins: Perfect Money, Bitcoin

Visit Site

10. MonEx.ng

MonEx.ng is an exchange that was established by Praxis Media and Technology Limited. It is located in Lagos, Nigeria.

It is registered with the CAC and has a user-friendly interface.

It allows its users to buy and sell e-currencies without any hassles. Payments can be made via bank deposit and credit cards for instant transactions.

The team at MonEx.ng can be reached via an active Live Chat on the home page, Support Ticket, or through WhatsApp.

You can even put a call across with the numbers listed on the site.

Supported coins: PayPal, Neteller, Binary, and BTC

Visit Site

11. Instant Exchangers

instantexchangers

InstantExchangers was founded by Olubowale Obayomi in 2010. It is located in Lagos State, Nigeria.

It provides its users with vast ways of making payments ranging from cash deposit to Western Union.

The exchange allows you to carry out up to 50$ worth of transactions without verification.

Its team can be reached through its Live Chat, the numbers listed on its home page, or by sending an email.

Supported coins: Perfect Money, PayPal, Webmoney, Payeer, AdvCash, Skrill, Skype Credits, BTC, ETH, BCH, LTC, XMR, XRP, DOGE, DASH, ZEC, ETC

Visit Site

12. Nigeria Gold Exchange (NGE)

NGE

NGE has been in existence since December 2009 and has reliably served thousands of clients worldwide till date.

It was founded in 2007 and has offices in Lagos and Oyo State, Nigeria.

Apart from e-currencies, the exchange has also been selling Virtual Visa Card (VCC) from the USA and Russian banks.

You can contact the team by calling the numbers listed on the site or by using the Live Chat feature.

Supported currencies: Perfect Money, WebMoney, PayPal, Skrill, Bitcoin

Visit Site

Note: NGE only SELLS PayPal and Skrill. This means that you can only BUY from the exchange; you cannot SELL.

13. TopUpGold

TopUpGold is an e-currency exchange that is owned and managed by DecaTech Services.

It is located in Calabar, Nigeria and is duly registered with CAC with Reg No: BN2460907.

This exchange has been around since 2013 and also provide other services such as Pay4me, VCC, and VBA across the world.

Its team can be reached via a Live Chat, WhatsApp, or through calls.

Supported currencies: Payoneer, Skrill, Perfect Money, Neteller, PayPal, BTC, ETH

Note that you cannot buy PayPal from TopupGold but you can sell to them. Again, you can only sell Payoneer, Neteller, and Ethereum to the exchange; you cannot buy.

Visit Site

14. Patricia

Patricia

Patricia was founded in 2017 by Fejiro Hanu Agbojide.

The exchange has an office in Lagos, Nigeria but also has other branches in Ghana, the UK, and the USA.

It is a broker/P2P that provides the following services – buy/sell, wallet, and refill/top-up services.

In addition to the e-currencies supported, Patricia supports the sale of gift cards and has a debit card.

To reach the team for any inquiry, contact them via email or follow them social media(Facebook, Twitter, Instagram).

Supported coins: Perfect Money, PayPal, BTC,

Visit Site

15. iDeyPay

iDeyPay

iDeyPay was launched in 2016 and is located in Lagos, Nigeria.

It is a broker/P2P exchange founded by Adeolu Alatishe.

Apart from allowing users to buy/sell e-currencies, it provides a Bitcoin wallet where users can store their coins.

Still have questions? You can reach the team via its active Live Chat, WhatsApp, or by calling the number listed on the site.

Supported currencies: Perfect Money, BTC, ETH

Visit Site

16. Instantcoins

instantcoins

Instantcoins is a broker exchange that was founded in 2020 by Casmir Mbah Jr.

It is located in Lagos State Nigeria and is registered with the CAC.

The exchange allows its users to make payments using either Bank Transfer, Debit/Credit Card, USSD, or QR Code.

Instantcoins team can be reached via the very active Live Chat feature on its home page, calling the team, or by submitting a Support Ticket.

Supported currencies: Perfect Money, BTC, ETH, Paxful BTC

Visit Site

17. Zcnox

zcnox

Zcnox Exchange is owned by Zcnox Digital Marketing Co. Ltd and is registered under the CAC (RC: 1421218 ).

It has a great user interface and is located in Abuja, Nigeria.

As at the time of this post(July 2020), the exchange charges 0.5% as exchange fees.

For answers to your inquiries, contact the Zcnox team by sending them a mail or by chatting them up on WhatsApp.

Supported currencies: Perfect Money, BTC, ETH

Visit Site

There you have the top exchanges to buy e-currencies in Nigeria.

But which one is the best?

Find out below.


My Verdict – Which of These is the Best e-Currency Exchange?

The answer to this is relative. I say so because it all depends on what you want.

One sure thing is that they are all legit and have not been proven otherwise.

Now that we have established that they are all legit, there are some things to consider:

i. Availability

Is the e-currency that I want to exchange available on the platform?

An exchange like Blockvila supports only PM. So if I want to buy WebMoney, I will not go to them.

ii. Exchange Rate

The next thing to consider is the exchange rate. Some exchange rates are just too high.

The last time I sold $500 Webmoney for Naira, one exchange charges $44 in transaction fee while the other charges $15. I had to go with the one that charged $15.

Visit the exchange sites that support the currency you want to exchange, compare the prices before going ahead with the transaction.

Note: Exchange A’s fee may be higher than Exchange B’s price today but lower tomorrow. So always compare.

iii. Eligibility

Finally, chat up the exchange to make sure you are at peace with them especially if it’s your first time before you proceed with the transaction.


Conclusion

From the above point. You can see that the best exchange is relative to the individual and the coin you want to exchange.

You can create an account with all the exchanges that support your choice of e-currencies.

That way, it will be easy for you anytime you want to transact.

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8 thoughts on “Top 17 e-Currency Exchanges in Nigeria | Buy PM, Neteller, etc”

  1. @Sule Saidu and @Andy Bastiat. I am Engr. Ikenna CEO TruexGOLD Nigeria. My attention has been drawn to this post as regards to your claims by a staff after OP contacted her via our live chat service, since we can’t solve any issues here, i will advice you forward your complaints to my personal email address [email protected] stating the Order no and any evidence of payment. I hope to resolve this issue for you as soon as you do as directed, thank you OP for a job well done . . . nice write up.

    Reply
  2. Tell me your order was delayed by truexgold, i will agree but scamming you of $15 is what i won’t agree with you.
    Come on we are talking of an exchanger with daily average reserve of $320000+ and the only automated exchange in nigeria currently. Like seriously what are they going to do with the $15??? Bro i suggest you contact them to know what the issue is so they can solve it. If admin doesn’t give you a listening ear, report to their Oga on facebook, who dosen’t know Mr. Ikenna of TruexGold on fb. I use them alot to fund and withdraw from my binary account, they are reputable, not one issue for more than five years now that i have been using them.

    Reply
  3. I use them because they were listed here as trusted look how that turned out. The admin should better create a post yaggtag them and warning people about them because if you have not named them trusted none of us will use them it’s all your fault

    Reply
    • Hello Sule Saidu.

      I have used Truexgold in the past with no issues that is why I listed them.

      However, you are the second person complaining about their service. I email them to leave a comment but got no response.
      I later chatted them up and got this response

      “Hey bro, ur site can’t be more popular than bestchange, u can refer them here https://www. bestchange. com/truexgold-exchanger. html to table their grieviances”

      I might have to remove them from this list if I don’t receive any other comment attesting to their trustworthiness.

      Reply
  4. You had better remove those scammers Truexgold from your list . The scammed me $17 for the past two days not a word from their support

    Reply
  5. I got scammed from truexgold.com they send me the first money to buy my trust then on the real money transaction the scam me stay away

    Reply

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