Top 10 Exchanges To Buy/Sell Bitcoin And Other Cryptocurrencies In Nigeria Now!

In this post, I described the top 10 exchanges where you can buy and sell Bitcoin and other cryptocurrencies in Nigeria right now.

Since the ban, crypto trading has been a bit different for Nigerians with P2P platforms being the most reliable option.

I did my research and I found 10 exchanges where you can trade safely.

 

These exchanges make it easy for you to trade Bitcoin and other cryptocurrencies even with the ban.

Are you ready to see my list of top 10? Then let’s get to it.


Top 10 Bitcoin Exchanges In Nigeria

  1. Binance
  2. Remitano
  3. OKEx
  4. Paxful
  5. Quidax
  6. Blockvila
  7. Patricia
  8. KuCoin
  9. BuyCoins
  10. Crypto.com

Let’s take them one after the other.

1. Binance

binance p2p

The first exchange on my list of top bitcoin exchanges in Nigeria is Binance.

Here, you can trade lots of cryptocurrencies like BTC, ETH, BNB, ADA, DAI, DOT, UNI, AAVE, USDT, and over 400 others.

Additionally, it supports 60+ local currencies including NGN, PAB, USD, BRL, CAD, CHF, CLP, CNY, COP, CZK, DKK, ZAR, PYG, RON, RUB, etc.

Another impressive feature of this exchange is that it supports over 300 payment methods like Bank transfer, WeChat, Alipay, SEPA, Perfect Money, Western Union, etc.

Also, transaction fees on Binance are affordable. It depends on the services you opt for.

Talking about services, Binance provides Buy crypto, Spot/Margin/Futures trading, Derivatives, Staking, Lending, Wallet, P2P trading, and more.

Impressively, Binance launched its Smart Chain that enables the creation of smart contracts.

Binance Smart Chain (BSC) has enjoyed massive adoption because of its high transaction speed and low fees.

In less than one year, it is already hosting over 200 DApps.

For Nigerians, the Binance P2P platform is the hottest spot right now as they can fund their NGN wallets from there.

With a funded wallet, they can explore other exciting services.

Changpeng Zhao founded Binance in July 2017 and it is the world’s biggest exchange in terms of liquidity.

As of the time of this writing (6/08/2021), Binance records a daily trading volume of $110,281,665,284.36.

It is also a secure platform with hundreds of dollars worth of insurance designated for each of its major services.

Additionally, it provides users with tips to keep their accounts secure like 2FA.

Plus, the platform is very transparent, always updating users on recent development.

To join the over 15 million users to enjoy the services of Binance, you must create an account and complete an Identity Verification process.

Don’t have an account with Binance? No worries. Just click here to register.

And if you need a step-by-step guide on how to use Binance P2P, read this post.

Visit Binance

2. Remitano

remitano top bitcoin exchanges in Nigeria

Another platform that made my list of top bitcoin exchanges in Nigeria right now is Remitano.

It is an excellent P2P platform where you can trade BTC, ETH, LTC, BCH, XRP, and USDT.

Additionally, you can trade from any of the supported 58 countries including Nigeria, Netherlands, Nepal, Norway, New Zealand, Oman, Peru, Philippines, etc. using your local currency.

You can make payments via Bank transfer, Credit/Debit cards, Chipper Cash, and Remitano NGN wallet.

Apart from P2P trading, Remitano provides Invest and Swap services.

These services entertain more coins namely EOS, BNB, ADA, XLM, TRX, XTZ, LINK, ETC, NEO, XMR, DOT, and DOGE.

Like Binance, Remitano does not charge high transaction fees.

And in case you’re wondering how the exchange came to be, Babylon Solutions Limited launched Remitano in April 2016.

Ever since, it has done pretty well with over 1.5 million users and completed trades worth over $500,000,000.

This platform is easy to use. Once you log in, you can start trading from the homepage.

But you will need to create an account and get verified to use the platform.

That’s not a problem at all. Simply use this link.

You can also learn more about this platform from our Remitano review.

Visit Remitano

3.    OKEx

OKEx top bitcoin exchanges in Nigeria

The 3rd platform that made my list of top exchanges for Nigerians to buy and sell Bitcoin and altcoins right now is OKEx.

It provides different services including Buy crypto, Spot/Margin/Futures trading, Pool, Earn, Wallet, DeFi, P2P trading, and more.

In OKEx P2P, you can trade BTC, ETH, and USDT for Naira via bank transfer and Wise payment methods.

But in general, the platform supports more than 200 cryptocurrencies:  XRP, BCH, LTC, EOS, TRX, DAI, OKB, BSV, DOGE, IOTA, KNC, LINK, NEO, just to mention but a few.

Additionally, users from the over 200 countries supported on the platform can make transactions with their local currencies via the payment methods available for them.

Some of these payment methods are VISA, Mastercard, Apple Pay, Ideal, POLI, Bpay, Blueshyft, SEPA, etc.

Gratefully, OKEx charges minimal fees. It also has excellent customer support.

Plus, the platform employs online and offline storage systems with multisig protection and multiple backups to achieve security.

Star Xu founded OKEx in 2014.

7 years later, the exchange can boast of 10 million+ users and a daily trading volume of $17,849,736,774.56. Superb!

Read our OKEx review to learn more.

Visit OKEx

4.    Paxful

paxful bitcoin exchanges in Nigeria

Did you know? Up to 6 million people all over the world are trading on Paxful.

It is an excellent P2P platform where you can buy and sell Bitcoin.

Paxful supports over 350 different payment methods like Bank transfers, Online wallets, Gift cards, Cash payment, Debit/Credit cards, Digital currencies, etc.

Nigerians can trade BTC, ETH, and USDT via these payment methods: Bank transfer, MTN mobile money, Chipper Cash, Perfect money, or Cash deposit to bank.

Like Remitano, Paxful is easy to use.

You can start trading from the homepage once you have created and verified your account on the platform.

Paxful also uses the escrow system to secure transactions.

When it comes to transaction fees, Paxful charges differently based on the payment option.

But the fees are low, be rest assured. And only the sellers are charged.

Following the information on its website, the exchange has completed trades worth billions in global volume.

You can learn more about this platform here: Paxful review.

If it matters to you, Ray Youssef and Artur Schaback founded Paxful in 2015.

Visit Paxful

5.    Quidax

quidax Nigeria

Did I hear someone say, home sweet home? 😃

What better place to buy and sell cryptocurrencies than a Nigerian-based exchange like Quidax?

And to show you how much Quidax cares for Nigerians; it quickly included a P2P feature after the ban.

On Quidax P2P, only NGN is supported for now and you can make payments via bank transfer.

Therefore, you can load your NGN wallet and then buy cryptocurrencies from the Quidax exchange.

Cryptocurrencies supported on the platform include BTC, ETH, XRP, LTC, DASH, USDT, TRX, and QDX, the network’s token.

Apart from P2P, the exchange provides Instant Buy/Sell, Order Book, Wallet, and Quidax Vault as services.

The Quidax Vault is a new service that enables users to buy and stake QDX to earn free cryptocurrencies.

Just so you know, Buchi Okoro founded Quidax in 2018.

So far, Quidax can boast of over 400,000 customers in more than 70 countries.

The platform charges low fees and the customer support system is good to go.

Quidax stores the vast majority of digital assets in secure offline cold storage to achieve security.

To use Quidax P2P, you need to create and verify an account with the platform.

Learn more about Quidax here.

Visit Quidax

6. Blockvila

blockvila Nigeria

Another platform that made my list of top Bitcoin exchanges in Nigeria right now is Blockvila.

It is originally an OTC exchange but it added a P2P service early this year.

Blockvila also provides wallet, staking, and cloud mining services.

BTC, ETH, XPR, BCH, LTC, DASH, ETC, NEO, EOS, BNB, and VILA (the network’s token) are the coins supported on this platform.

It also facilitates transactions using Perfect Money.

Nigerians can trade BTC, ETH, USDT, and VILA on the P2P platform via Bank transfer, UPI, and Paytm payment methods.

Initially, Blockvila supported only Nigerians but now it has expanded to 30 other countries including South Africa, Kenya, India, etc.

This exchange charges moderate fees and it has excellent customer support.

Blockvila was founded in 2016.

Already, the platform can boast of 80, 000 users and it has exchanged about $50,000,000 worth of currencies so far.

It is a subsidiary of Nyxel Integrated Services – an ICT company registered under CAC.

This makes Blockvila one of the safest exchanges for Nigerians.

Learn more about this platform here: Blockvila review.

Visit Blockvila

7. Patricia

Patricia bitcoin exchange Nigeria

This is also one of the top bitcoin exchanges in Nigeria that is hot right now.

If you have been watching the popular reality TV show – Big Brother Nigeria, then you must know Patricia.

It is based in Nigeria with branches in Ghana, UK, and the USA.

The digital assets available on this exchange include Bitcoin, Giftcards, Patricia Cards, Perfect Money, PayPal funds, etc.

Though Patricia does not have a P2P feature where you can buy BTC directly, it provides other services that Nigerians can benefit from.

For example, you can pay bills, buy airtime, and purchase data using Bitcoin.

Cool, right?

Also, you can buy and sell more than 30 gift cards like Steam, iTunes, Amazon, Google, Apple Universal, Hotels.com, etc.

Plus, the exchange provides a wallet where you can keep your Bitcoins safe.

Patricia was founded in 2018 by Hanu Agbodje. And it has over 300,000 users.

Huge!

Did I mention that Patricia offers debit cards that are accepted by all payment channels and banks in Nigeria?

Find out more about Patricia here.

Visit Patricia

8. KuCoin

kucoin top bitcoin exchanges in Nigeria

The People’s Exchange as it is fondly called is another place where Nigerians can trade Bitcoin and other cryptocurrencies right now.

Recently, KuCoin launched a P2P Fiat Trade for the NGN Market.

You can buy BTC, ETH, USDT, USDC, and KCS, which is the native token via bank transfer.

Users from other countries can also trade these coins on the P2P market using payment methods that are available to them like ADVCash, Cashapp, Revolut, PAYEER, SEPA, etc.

KuCoin also provides other excellent services like Spot/Margin/Futures Trading, ETF, Crypto Lending, Buy Crypto, etc.

Interestingly, it has a Fast Buy feature that allows you to buy USDT, BTC, ETH, with USD without having to create an account with the platform.

The platform supports over 200 cryptocurrencies including DeFi tokens and NFTs such as BNB, LINK, DOGE, XRP, LUNA, THETA, DEGO, SAND, AAVE, UNI, etc.

In its 4 years of existence, it has attracted over 5 million users from 205+ countries supported by the platform.

According to coinmarketcap.com, KuCoin has a 24h volume of roughly $2 billion as of August 4, 2021.

The fees charged on this exchange is low and it also has 24/7 customer support.

KuCoin is protected by an encryption protocol that keeps private account information secure.

Also, it has an internal risk department that ensures user funds are safe.

Users are also allowed to set up 2FA. Cool!

Visit KuCoin

9. BuyCoins

buycoins

BuyCoins also made my list of top bitcoin exchanges in Nigeria where you can buy Bitcoins and other cryptocurrencies right now.

It is based in Lagos and has been around since 2017 with close to 17,000 users subscribing to its service.

Timi Ajiboye, a software developer, founded the platform with a team of 9 others.

By the end of last year (2020), the exchange recorded a total trading volume of $28 million.

BuyCoins offers the following services: Instant Buy/Sell, P2P Exchange, Wallets, Coinlock, Credit Sell, etc.

The Coinlock feature enables you to earn up to 12% interest p.a. by locking your crypto savings for a specified period

Additionally, the exchange supports BTC, ETH, LTC, USDC, USDT, and NGN.

And you can make payments via VISA/Master cards and Bank transfer.

So, Nigerians can maximize the P2P trading platform to buy the supported cryptocurrencies.

The exchange charges moderate fees and it has good customer support.

Wondering how safe this platform is?

BuyCoins Inc. is a private limited liability company incorporated in the United States of America under the State of South Carolina laws.

Also, the platform allows users to set up 2FA which is an added layer of security.

Click here to learn more about BuyCoins.

Visit BuyCoins

10. Crypto.com

crypto.com bitcoin exchanges in nigeria

Lastly on my list of top bitcoin exchanges in Nigeria is Crypto.com, a digital asset platform that offers several digital currency products and services.

It was launched in 2017 by Kris Marszalek and the headquarters is in Hong Kong.

Even though it does not have a P2P platform, Nigerians can buy cryptocurrencies from the platform using their Dollar MasterCard.

It kind of makes it easy for you to convert your dollar to naira. You will see how to do that in this post.

Crypto.com allows users to buy, sell, trade, spend, store, earn, loan, and pay bills with crypto.

It also features Crypto Earn where users are paid interest (up to 6.5% APY for coins and 12% for stablecoins) when they stake their coins on the platform.

Other services offered by the platform are Exchange, Cards, Credit, Pay, Wallet, Swap, and Crypto.com NFT.

It supports more than 100 cryptocurrencies and 20 fiat currencies including but not limited to CRO, ETH, BTC, LTC, BNB, MKR, XRP, DAI, USDC, USDT, PAX, USD, GBP, EUR, SGD, and AUD.

Transaction fees charged by the exchange are low and it also has good customer support.

This is 4 years of its existence and it is serving over 10 million users.

Cool!

Read the complete Crypto.com review here.

Visit Crypto.com

That’s it on the top exchanges available for Nigerians right now.

But before we call it a wrap, I want to talk about one more exchange.

It’s popular too and it’s none other than Luno.👇


Luno

luno top bitcoin exchanges in Nigeria

Luno used to be on the top of my list of exchanges available to Nigerians but that changed after the ban.

While most cryptocurrency exchanges adopted a P2P feature to cater to their Nigerian customers, Luno didn’t oblige because it didn’t want to go against the government.

Also, the team does not want to expose its customers to the risks associated with P2P.

They prefer to wait for the ban to be lifted as they have witnessed in other countries like India.

Nevertheless, Luno is still a good cryptocurrency exchange.

It was launched in 2013 and it also has a large market in South Africa.

The Luno app is very easy to use and makers can buy and sell cryptos at zero transaction fees. Cool!

Though you cannot deposit and withdraw NGN at the moment, you can make crypto transfers, deposits, and withdrawals.

BTC, BCH, ETH, LTC, XRP, and USDC are the currencies supported on the platform.

I also like that it has a Savings wallet that pays users attractive APY when they store their crypto.

Superb!

Learn more about Luno here.

Visit Luno


Heads up!!!

If you want to learn how to trade cryptocurrencies profitably, enroll in our Cryptocurrency Mastery Course by going to www.ctmastery.com.
You can also join our Telegram community at https://t.me/ctmastery for more information.

Conclusion

This is where we’ll draw the drapes in this post. I hope it was worth your time.

So tell me, which of the exchanges above will you go for first?

Perhaps, you’re already trading with some of them, what has been your experience?

Type your response in the comments section, let’s engage.

Also, share this post with your friends, thank you!


For your reading pleasure…

Chinma Udeji
Le's connect

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.