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The Best Crypto Exchanges in Nigeria in 2024
Swen Keller
Best for Free On-Exchange Transfers
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Best Overall for Crypto Exchange
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Best for Bills and Utilities Payments
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Best for Gift Cards to Crypto Transactions
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Best Crypto Exchanges in Nigeria: Our Opinion
In this article, we list the best crypto exchanges in Nigeria and cover their pros and cons, security measures, and unique features.
Leveraging our expertise in crypto exchanges to build the list, we got first-hand experience with each platform, studied Nigerian user reviews on TrustPilot, and analyzed expert opinions about all the exchanges.
That said, after our exhaustive hands-on investigation, we concluded that the best cryptocurrency exchange in Nigeria (our pick) is Binance.
Binance is the largest crypto trading platform in Nigeria and the world and it offers the lowest trading fees.
The best cryptocurrency exchange also has a large selection of crypto products and cryptocurrencies.
Remitano was founded in 2014 by Babylon Solutions. The crypto exchange made it to our list of the top crypto exchanges in Nigeria for its P2P trading platform.
Its P2P marketplace I one of the best for Nigerians. As with other best crypto trading platforms in Nigeria allows users to buy and sell digital assets with each other while Remitano acts as the escrow service.
In addition, its P2P marketplace is completely free for the buyer or seller who doesn’t place an advert.
Aside from its P2P marketplace, Remitano offers its native token that provides users of one of the top crypto exchanges in Nigeria perks on the platform.
Holders of the Remitano token can get up to 40% discount on trading fees.
Currently, Remitano supports only 15+ cryptocurrencies and has facilitated more than USD 9 billion in trading volume since its inception in 2014.
There is also a large number of Nigerian P2P traders on Remitano, which creates adequate liquidity for users intending to use the P2P marketplace in the country.
Key Features
Instant Remitano Swap
As with most best crypto trading platforms in Nigeria, Remitano Nigeria offers a crypto swap function that enables traders to swap between particular cryptocurrency pairs.
With this, traders can quickly exchange one crypto for another without having to use the spot market.
These crypto swaps are instant and eliminate order execution timelines.
Also, Nigerian traders can use the Remitano Swap to lock in profits obtained from trading by exchanging a volatile like Ethereum or Bitcoin to Tether (USDT), a stablecoin instantly.
Note that Remitano offers 2 price ranges for its Swap, which are Market Price and Your Price. The Market Price exchanges your cryptocurrencies using the current market rate while Your Price executes the swap when the exchange price hits your preferred rate.
Security
Since Remitano Nigeria is on our list of the best crypto exchanges in Nigeria for its P2P marketplace, its primary security feature is the escrow service.
Using its escrow service, Remitano holds the cryptocurrencies being traded in the P2P marketplace until both parties involved in the transaction have fulfilled their obligations.
This eliminates buyers defrauding sellers and vice-versa.
Here’s how it works: when a buyer clicks on the advert of a merchant to purchase cryptocurrency, Remitano immediately moves the digital assets of the merchant into escrow.
The buyer will then be notified that the funds are in escrow and they should proceed to pay.
After payment, the buyer must notify the seller that payment has been made and once the merchant confirms they must inform Remitano to release the coins.
Aside from its escrow functions, Remitano also follows the Cryptocurrency Security Standard (CCSS) for secure storage of Bitcoin.
On the user’s end, Remitano enables traders to secure their accounts with two-factor authentication and passwords.
Pros
- Offers a P2P escrow service
- Instant swap available
- A large number of Nigerian P2P traders
Cons
- Low selection of cryptocurrencies
- It has been hacked in the past
Quidax - Best Cryptocurrency Exchange in Nigeria for Free On-Exchange Transfers
Quidax is an indigenous crypto exchange and it made it to our list of the best crypto exchanges for its free transfers to other users on Quidax.
This Nigerian best cryptocurrency exchange is built for beginners as it only offers an instant buy and sell feature for over 20 cryptocurrencies.
This instant buy and sell feature supports only the Nigerian Naira (NGN), enabling users to exchange the local currency for Bitcoin and other cryptocurrencies.
It doesn’t feature crypto products like margin trading or futures trading that you would find on other best crypto trading platforms in Nigeria.
Also, because Quidax is an indigenous crypto exchange, it offers locally friendly payment methods.
For example, due to the Central Bank of Nigeria restricting banks from facilitating cryptocurrency transactions, most Nigerians aren’t comfortable using their banks for crypto trading.
To aid this, Quidax offers a Voucher payment method, where users can buy Vouchers with their banks and then exchange the voucher for crypto on Quidax.
Key Features
Quidax OTC Desk
This best cryptocurrency exchange in Nigeria offers an Over-the-Counter trading desk feature that caters to individuals and businesses that want to trade more than $300,000 worth of cryptocurrency in Quidax.
The exchange has facilitated more than 110 transactions of this nature and settled 800M NGN in Over-the-Counter trades.
Quidax credits the cryptocurrencies acquired via the OTC trading desk into the trader’s wallet on the exchange or their bank account in the event of sales.
The Nigerian crypto exchange also provides price security on its OTC Desk and access to one-to-one customer service.
Unlike the regular exchange that supports only the Nigerian Naira, OTC clients have access to the following currencies but more can be requested on a per-person basis: XAF, KES, GHS, ZMW, USDT, USD, and XOF.
Security
Quidax offers several security measures for user accounts including multifactor authentication and strict KYC verification policies to adhere to the Anti Money Laundering laws of Nigeria.
Also, like most best cryptocurrency exchanges in Nigeria, Quidax stores 98% of customers’ cryptocurrencies in cold storage while the remaining 2% is kept online in hot wallets to aid liquidity.
Quidax is compatible with Google Authenticator and Authy and sends out email messages to your registered address when there’s account activity like sign-in or transactions.
Pros
- Offers an OTC trading desk
- Supports local payment methods
- Straightforward to use
Cons
- Limited selection of cryptocurrencies
- No advanced trading features
Binance - Overall Best Crypto Exchange in Nigeria
Founded in 2017 and headquartered in the Cayman Islands, Binance is a global company and the largest cryptocurrency exchange in the world. It is also the best cryptocurrency exchange in Nigeria.
When compared with other crypto exchanges, Binance stands out for its numerous crypto-related offerings, including Binance Pay, Binance Smart Chain, Binance Coin, Binance NFT, etc.
Binance offers low trading fees in contrast to most other crypto exchanges, it also offers advanced trading features like futures trading, margin trading, and an ample selection of trading pairs.
Despite having a user-friendly interface, the Binance exchange is best for advanced traders as beginners may find it hard to navigate the platform.
Binance supports over 350 cryptocurrencies, over 1,000 trading pairs, and 40+ fiat currencies including Nigerian Naira (NGN).
With over 120 million users, Binance has a 24-hour trading volume of $38 billion.
Binance has an NFT marketplace where you can buy, sell, and mint NFTs.
The Binance NFT platform is the largest gaming NFT marketplace with over 2.5 million NFTs, half of which are gaming NFTs.
As already stated, when compared to other crypto exchanges, Binance charges some of the lowest trading fees.
That said, the trading fee schedule is complex as the platform uses a taker fee and maker fee model based on your previous 30-day trading volume and the amount of BNB you hold.
Trading fee discounts apply to traders who hold a particular amount of BNB.
Key Features
Binance P2P
This is Binance’s peer-to-peer crypto marketplace where users can trade crypto directly with other Binance users.
Our team’s hands-on experience with this crypto exchange has shown that Binance P2P is the largest P2P marketplace in Nigeria and the go-to place for the majority of crypto traders in the country.
Binance P2P offers over 700 flexible payment methods including Bank Transfer, Instant Bank Transfer, Cash Deposit to Bank, Chipper Cash, Palm pay, GoMoney, Airtel Mobile Top Up, Mtn Mobile Money, Bundle, Western Union, Alipay, Moneygram, Wise, MoMo, etc.
Binance allows you to make trades at your price, in your preferred currency, and using your preferred payment methods. All P2P transactions are completed within 15 minutes.
Unlike most cryptocurrency exchanges, Binance does not charge any fees for P2P trades.
To foster security and reduce scams in the P2P marketplace, Binance offers yellow verification badges to merchants who have been verified by the platform.
This verification badge can be found beside the nickname of the traders. Verified merchants also play an important role in providing liquidity on the Binance P2P marketplace.
Verified merchants enjoy several benefits including up to 20% off trading fees on all fiat markets, low fees on the market for posting ads, and access to pro-level tools in the merchant portal which allows them to manage ads and other aspects of trading.
Aside from verification badges, Binance also protects P2P users from scams through its escrow services.
Binance will hold the assets being traded and will only release them when both parties in the transaction have fulfilled their part.
If a trade goes bad, you can raise a dispute. The assets will not be released until the dispute is resolved.
Security
Binance is a secure exchange for day-to-day crypto trading.
It stores the majority of users’ crypto assets in cold storage wallets offline. It also encrypts users’ personal information and data to prevent unauthorized access and modification.
Customers’ accounts are protected with several security features including IP whitelisting, password, two-factor authentication, address whitelisting, API access control, and device management.
All changes to account security details like two-factor authentication, password reset, and email address change must be reviewed by the Binance team.
Withdrawals are suspended on any account for 48 hours after a password change.
Also, if the Binance team detects unusual activities in any account, withdrawals from the account are suspended for 24 to 47 hours.
Pros
- Low trading fees
- Large selection of cryptocurrencies and trading pairs
- High APY on staked assets
- Advanced trading features
Cons
- Regulatory problems
- Not beginner-friendly
Kraken - Best Crypto Exchange For Margin Trading
Kraken was founded in 2011 and is headquartered in San Francisco, the United States.
It is available in over 190 countries globally including Nigeria.
Kraken is one of the top cryptocurrency exchanges in Nigeria for advanced traders looking for advanced trading features like margin trading and futures trading.
Kraken is best for advanced traders as newbies may find the exchange hard to navigate and use.
Kraken supports over 185 cryptocurrencies and over 600 trading pairs.
Supported cryptocurrencies include Bitcoin, Ethereum, Litecoin, EOS, Polkadot, XRP, Cardano, Tron, etc.
Aside from the advanced trading features, Kraken also has an NFT marketplace that supports over 110 top trade volume NFT collections. This included popular collections like Bored Ape Yacht Club, CryptoPunks, Mutant Ape Yacht Club, Azuki, etc.
There are zero blockchain network fees for the Kraken NFT marketplace and a large selection of payment methods including over 200 digital assets.
Kraken offers 2 platforms, the basic Kraken platform for simple buying and selling of crypto assets and Kraken Pro for advanced trading.
Kraken fees vary based on the platform being used.
While trading fees on Kraken Pro are lower, the exchange charges dynamic fees on the basic platform. These fees are dependent on several factors including the size of the transaction and payment methods.
Kraken supports the staking of over 17 cryptocurrencies and offers up to 21% APY on staked assets.
Key Features
Kraken Pro
Kraken Pro is the advanced trading platform of the Kraken crypto exchange.
It gives expert traders access to advanced trading features like margin trading, spot trading, staking, etc.
A major benefit of the Kraken Pro platform is the low trading fees and high APY on staked assets.
The Kraken Pro has a dedicated mobile app that gives users access to all of Kraken’s advanced features including live order books, technical indicators, and live market feeds.
With the Kraken Pro mobile app, users can compare up to 4 markets at once, browse markets by category, and access advanced order types like stop loss, trigger options, IOC, and take profit.
Security
Kraken is one of the first crypto exchanges to have carried out a Proof or Reserves audit and it currently undergoes the same frequently.
Kraken holds an ISO/IEC 27001:2013 certification.
Like most cryptocurrency exchanges, it stores users’ assets in a combination of both hot and cold storage wallets.
Users’ accounts are protected with security features like email confirmation for withdrawals, self-serve account lock, customizable granular API key permissions, global setting time lock, and two-factor authentication using Google Authenticator and Yubikey.
Pros
- Low trading fees on Kraken Pro
- High APY rewards on staked assets
- Large selection of cryptocurrencies
- Advanced trading features
Cons
- No SMS or phone account recovery
- Limited withdrawal methods
- Not suitable for beginners
NairaEx - Best Beginner-Friendly Crypto Exchange In Nigeria
Founded in 2015 and headquartered in Ogun State Nigeria, NairaEx is one of the first cryptocurrency exchanges in Nigeria and often referred to as Nigeria’s premier Bitcoin exchange.
NairaEx stands out for its simplified features which makes it the perfect crypto exchange for inexperienced traders and newbies in Nigeria.
Our practical experience with this crypto wallet has shown us that the NairaEx exchange is so basic that it is not suitable for advanced or intermediate traders.
The exchange doesn’t offer any crypto product beyond the buy and sell features.
NairaEx supports 6 cryptocurrencies including Bitcoin, Ethereum, Litecoin, Tether, and Tron.
The crypto exchange primarily supports 2 payment methods: Bank transfer and Bitcoin wallet transfer. It also supports only one fiat currency – Naira.
Key Features
NairaEx Bill
This is a payment solution that allows NairaEx users to pay local bills in Nigeria.
With NairaEx Bill, you can pay utility bills such as electricity bills, and cable subscriptions.
You can also make airtime and data purchases.
To use the NairaEx Bill feature, you need to first fund your NairaEx wallet with naira. You can also use your NairaEx loyalty point balance for NairaEx Bill payments.
Security
NairaEx is a safe crypto exchange with several security features.
All NairaEx users must complete a mandatory verification process to use the platform.
NairaEx complies with the Anti-Money Laundering and Terrorism financing policies.
NairaEx users are prohibited from using the platform for washing money, laundering, and any attempt to circumvent financial regulations or restrictions.
The NairaEx exchange offers escrow services for P2P marketplace transactions that ensure that both parties in a transaction fulfill their part before funds are released.
Also, the exchange gives a verification badge to verified P2P traders, this is to reduce P2P scams and enable users to identify legitimate traders.
Users’ accounts are protected with passwords and two-factor authentication.
Pros
- Beginner-friendly
- It offers local bill payment solutions
- Supports payment in Naira
- It offers a P2P marketplace
Cons
- Poor customer service
- Limited crypto selection
- Low liquidity on supported cryptocurrencies
Patricia Exchange - Best Cryptocurrency Exchange for Bills and Utilities Payments
Founded in 2015, the Patricia exchange is headquartered in Lithuania but primarily focuses on the Nigerian market.
The Patricia crypto exchange is one of the largest crypto exchanges in Nigeria.
It supports 7 cryptocurrencies; Bitcoin, Ethereum, XRP, Tron, Tether, Dogecoin, and Patricia Tokens. It supports 4 fiat currencies NGN, USD, AED, and GHS.
Patricia is a basic crypto exchange suitable for beginners.
It does not offer advanced trading features that may interest intermediate or advanced users.
The exchange is also best for local utilities and bill payments in Nigeria through its Patricia Refill features.
That said, in 2022, Patricia lost $2 million of customers’ assets to a hack. Ever since the hack happened, the exchange has struggled to stay afloat. Withdrawals and deposits were suspended in April 2023 and are yet to be restored at the time of writing.
Patricia however launched a debt management token known as Patricia Token in 2023 in the hope that the token will suffice as a repayment solution.
Key Feature
Patricia Refill
Patricia Refill enables users to purchase data, buy airtime, and pay utility bills with the Bitcoin in their Patricia wallets at any time.
The Patricia Refill feature can be accessed via the Patricia mobile app or website.
For security reasons, two-factor authentication is required for subsequent transactions after you exceed 3 bill payments or purchases in a month.
There is also a limit to third-party airtime purchases.
Security
Despite having several security measures including two-factor authentication, the Patricia Exchange is not safe.
The exchange suffered a severe security breach in 2022 that had left it struggling to stay afloat.
The security breach resulted in the loss of $2 million worth of customers’ crypto assets and customers are yet to be compensated for the loss.
The exchange launched Patricia Tokens in 2023, with the hopes that if the token performs well, customers will be repaid for their loss. However, the majority of affected users do not consider this a viable solution.
Also, the Patricia Exchange has not clearly outlined new security measures it has implemented to prevent any security breach in the future.
Pros
- Beginner-friendly
- It offers bill payments with Bitcoin
Cons
- It has been hacked
- Deposits and withdrawals are currently unavailable
- Limited features
Luno - Best Crypto Exchange For Crypto Investing
Headquartered in the United Kingdom, Luno was founded in 2013. It is available in over 40 countries including Nigeria.
The Luno exchange is the best cryptocurrency exchange for users looking to invest in crypto. The exchange has several features that make investing in crypto easy and seamless.
Available cryptocurrencies on Luno include Bitcoin, Ethereum, Bitcoin Cash, USDC, XRP, Litecoin, Chainlink, Uniswap, Cardano, Solana, and Avalanche.
With Luno you can make secure crypto investments, develop your Investment strategy, and earn cryptocurrencies like Bitcoin and Ethereum.
Luno has a user-friendly interface suitable for both beginners and advanced traders.
It has an Instant buy and sell feature that allows you to instantly purchase or sell crypto. It also allows you to buy several cryptocurrencies at once through the Bundles feature.
Key Features
Repeat Buy
This feature allows you to automate the purchase of cryptocurrencies.
You can select the frequency of your choice (monthly, weekly, or daily) and your preferred cryptocurrency.
The Luno system will automatically make the purchase for you at the set time.
Repeat Buy on Luno is automated, this means you do not need to be actively involved in the process.
Whether you are online or not, the purchase will be made at the set time. Also, as long as the repeat buy is on, Luno will constantly buy crypto whether the price is high or low. All that is required is a funded fiat wallet.
You can pause, restart, and delete Repeat Buy whenever you wish to
Security
Luno is a secure crypto exchange. Since its launch in 2013, the exchange has not suffered any security breach.
That said, Luno stored users’ assets in a combination of hot and cold wallets.
95% of the funds are held in deep freeze multi-signature wallets while the remaining 5% are stored in secure hot wallets.
Also, all products and cryptocurrencies on the Luno exchange must meet stringent legal, risk, and technical security standards. This is a major reason why the exchange does not support meme coins.
Users’ accounts and crypto wallets are protected with two-factor authentication and passwords. The passwords are hashed and protected against unauthorized access.
Pros
- User-friendly interface
- Secure and simplified crypto investments
- Automated crypto purchases through the Repeat Buy feature
- It offers crypto bundles
Cons
- Limited features
- Limited crypto selection
CoinCola - Best Crypto Exchange in Nigeria for Gift Cards to Crypto Transactions
Due to the CBN’s restrictions on cryptocurrency transactions in Nigeria, Nigerian traders have had to find other alternatives to buy and sell crypto without relying on traditional banks directly. One such alternative is buying or selling gift cards like Amazon gift cards, Google Play gift cards, steam gift cards, etc., and exchanging them for cryptocurrency.
This is where CoinCola comes in and why it made it to our list of the best crypto exchanges in Nigeria. The cryptocurrency exchange allows Nigerian traders to either use fiat currency or gift cards to buy or sell cryptocurrencies.
Users simply need to tap on the Gift Card tab to exchange a large selection of gift cards for the Nigerian Naira or any other supported currency (CoinCola supports more than 100 fiat currencies).
Key Features
CoinCola Partnership Program
CoinCola offers its over 1,000,000 users access to a partner program that rewards them whenever a customer referred to the cryptocurrency exchange by them executes a trade.
Users can increase the amount of earnings they receive from the program by inviting more users to the cryptocurrency exchange using their unique tracking link.
Users can either join the CoinCola Referral Program or the Affiliate Partner Program.
The difference is that the Referral Program is targeted at individual users who want to invite their friends and family members in exchange for rewards while the Affiliate Program is for businesses.
Note that for the Referral Program, you and your Referrals must have undergone KYC verification to be able to receive commissions paid out.
Security
CoinCola is one of the best crypto exchanges in Nigeria with robust security measures.
The crypto trading platform stores a large amount of customers’ cryptocurrencies offline in cold storage, with only a small percentage kept online to ensure liquidity.
These digital assets held online are secured using various measures such as SSL encryption for end-to-end data protection, Google two-factor authentication for user account security on each sign-in attempt, and KYC facial recognition for all users.
It also requires all traders to upload valid Government identification to reduce scams in the marketplace.
Pros
- Offers two-factor authentication account protection
- Gift card to crypto exchange available
- Supports the Nigerian Naira
Cons
- Supports a small amount of cryptocurrencies
Remitano
URL: https://remitano.com
Payment Methods: P2P trading which includes PayPal, Payoneer, Wise, Airtm, bank transfer, Simplex (credit and debit card), cryptocurrency deposit, and Giftcard
Withdrawal Methods: Bank transfer, cryptocurrency wallet
Platform App: Mobile/Web
Year Founded: 2014
No. of Cryptocurrencies: 15+
Fiat Available: Nigerian Naira (NGN), Venezuelan Bolívar (VES), South African Rand (ZAR), Indonesian Rupiah (IDR), Malaysian Rupee (MYR), Indian Rupee (INR)
Quidax
Payment Methods: Bank transfer, voucher purchase, and cryptocurrency transfer
Withdrawal Method: Bank transfer, voucher, cryptocurrency wallet
Platform App: Mobile/Web
Year Founded: 2017
No. of Cryptocurrencies: 20+
Fiat Available: Nigerian Naira (NGN)
CoinCola
Payment Methods: Bank transfer, gift cards (steam gift cards, Amazon gift cards, and more), Alipay, WeChat Pay, PayPal, credit and debit cards, Skrill, and Neteller
Withdrawal Methods: Cryptocurrency wallet address and bank transfer
Platform App: Mobile/Web
Year Founded: 2016
No. of Cryptocurrencies: 5+ including Bitcoin, Tether, XRP, Bitcoin Cash, Ethereum, EOS DASH, and Litecoin
Fiat Available: 100+ fiat currencies including AED, USD, EUR, CAD, NZD, BRL, CHF, GBP, and JPY
Binance
URL: https://Binance.com
Payment Methods: Bank transfer P2P trading, Binance Pay
Withdrawal Method: P2P trading, bank transfer, cryptocurrency wallet
Platform App: Desktop/Mobile/Web
Year Founded: 2017
No. of Cryptocurrencies: 350+
Fiat Currencies Available: NGN, HRK, HUF, IDR, ILS, ISK, JPY, KES, KRW, KZT, MXN, NOK, NZD, PEN, PHP, PLN, RON, AED, AUD, AZN, BGN, CAD, CHF, CLP, COP, CZK, DKK, EUR, GBP, HKD, RUB, SAR, SEK, THB, TRY, TWD, UAH, UGX, USD, UYU, VND, ZAR
Patricia
Payment Methods: Bank transfer for existing customers and crypto deposits
Withdrawal Methods: Patricia Token
Platform App: Mobile/Web
Year Founded: 2015
No. of Cryptocurrencies: 5 including Bitcoin, Tron, XRP, USDT, PUTX, Dogecoin, Ethereum
Fiat Available: Nigerian Naira (NGN), USD, GHS, and AED
NairaEx
URL: https://nairaex.com
Payment Methods: Bank transfer and Bitcoin wallet transfer
Withdrawal Methods: Cryptocurrency wallet and bank transfer
Platform App: Mobile/Web
Year Founded: 2015
No. of Cryptocurrencies: 6 including Litecoin, Bitcoin, Ethereum, and Tether (USDT), Tron, Naira Token
Fiat Available: Nigerian Naira (NGN)
Kraken
Payment Method: Debit or credit card, Google Pay, Apple Pay
Withdrawal Methods: Bank transfer via Eterna
Platform App: Mobile/Web
Year Founded: 2011
No. of Cryptocurrencies: 185+
Fiat Currencies Available: GBP, CAD, EUR, JPY, AUD, CHF, USD
Luno
URL: https://www.luno.com
Payment Method: Payment Voucher
Withdraw Method: Bank account (bank transfer)
Platform App: Mobile/Web
Year Founded: 2013
No. of Cryptocurrencies: 10+ including Bitcoin, Ethereum, Bitcoin Cash, USDC, XRP, Litecoin, Chainlink, Uniswap, Cardano, Solana and Avalanche
Fiat Currencies Available: NGN, ZAR, MYR, IDR, and EUR
What is a Crypto Exchange?
A cryptocurrency exchange, sometimes called a digital currency exchange is an online financial institution that enables its users to trade cryptocurrencies for other digital assets or fiat currency.
Popular crypto exchanges in Nigeria include Binance, Kraken, Luno, Patricia, NairaEx, Remitano, KuCoin, etc.
Most crypto trading platforms are regulated in the countries where they operate though some are decentralized like Uniswap or PancakeSwap and therefore unregulated.
To join a regulated crypto exchange users will have to undergo KYC verification by uploading identity documents issued by their government. But with a decentralized crypto exchange, users can begin trading right away without needing to sign up and verify their identity.
How to Choose the Right Exchange?
To choose the best cryptocurrency exchange you must consider certain metrics which include:
Trading fees of the platform
The regulatory status of the exchange
Ease of use
Availability of advanced trading tools like margin trading, high leverage, etc.
Local payment and withdrawal methods supported
Security history of the exchange
Supported fiat currencies
Number of cryptocurrencies offered
Final Thoughts
The above-listed crypto exchanges have proven via first-hand experience and practical use to be the best exchanges in Nigeria.
However, to choose the best crypto trading platforms for your specific needs ensure that you use the metrics listed in the “How to Choose the Right Crypto Exchange” section.
FAQ
Most frequent questions and answers
The following crypto exchanges support the Nigerian Naira: NairaEx, Patricia, Binance, Luno, KuCoin, and Quidax.
Binance is the number 1 and largest cryptocurrency exchange in the world.
All Nigerian banks have been prohibited from facilitating crypto transactions. So traders will have to use P2P to trade crypto using any bank but not directly.
The richest crypto trader in Nigeria is Ifeanyi Ezenwaogene with a net worth estimated around $12 million.
We always try to provide the most accurate information available, and make sure our team follow through.
If you want to know more about our Crypto Exchanges Review Methodology follow the link below
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