best cryptocurrency exchange company in nigeria

10 Best Cryptocurrency Exchange Company In Nigeria

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Here are the details of the best cryptocurrency exchange company in Nigeria. Nigerians are getting ready to adopt cryptocurrencies and integrate them into the country’s larger economy because bitcoin and other cryptocurrencies have emerged as the newest economic trend worldwide.

Numerous reputable cryptocurrency exchanges have opened up shop in Nigeria as a result of the country’s widespread acceptance of cryptocurrencies.

Nigeria is ranked sixth in the global index of cryptocurrency adoption for 2021, per reports from Chainalysis. If you want to acquire cryptocurrencies and other assets, read the information on the best cryptocurrency exchange company in Nigeria and sign up with any of the best cryptocurrency exchange company in Nigeria platforms mentioned in this article.

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best cryptocurrency exchange company in nigeria

List Of Best Cryptocurrency Exchange Company In Nigeria

Get the best cryptocurrency exchange company in nigeria from the list below, which has been carefully evaluated and well-researched:

1. Paxful

This is one of the best cryptocurrency exchange company in Nigeria. Paxful is a cryptocurrency exchange that was established in 2015 with the goal of enabling direct communication between buyers and sellers for the purpose of conducting Bitcoin transactions.

It accepts more than 350 different types of payment methods, and its financial services are built on AML standards to protect Nigerian users from financial scams. More than 30,000 people from Nigeria and other countries are currently registered on Paxful.

 Paxful – Features

  • Bitcoin can be purchased in Nigeria by trading cryptocurrency on financial markets with spreads of 0% to 1%.
  • One of the most trustworthy websites for P2P trading to purchase Bitcoin in Nigeria is Paxful.
  • In addition to more than 180 wallets, the Paxful platforms now support bank cards and bank transfers.
  • A safe experience is guaranteed by Paxful’s registration with the FCA, DNB, and CySEC.

Paxful – Pros and Cons

Prons

P2P support is available in this trading platform is the best for buying Bitcoin that allows 100% decentralized business.

The user-friendly interface to buy Bitcoin in Nigeria can be very customizable.

Cons

Paxful accepts only three cryptos.

Supplied Cryptocurrencies

The website supports three cryptocurrencies: Tether, Bitcoin, and Ethereum.

Nations who supported

  • Nigeria
  • Hong Kong
  • Philippines and other countries

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2. Luno

This is another company on the list of the best cryptocurrency exchange company in Nigeria. Since 2013, Luno has led the way for the sector. Up till this point, $20 billion worth of transactions have been completed by Luno.

With a market valuation of $3.7 million and working with 80 million people, Luno is one of the greatest platforms in the nation. The Luno exchange’s highly dynamic mobile apps are especially useful for crypto trading while on the go.

Features of Luno

  • Users have access to trading in Bitcoin, Ethereum, Ripple, Litecoin, and Bitcoin Cash.
  • With the acceptance of debit and credit card payments, this exchange emphasizes the simplicity of using cryptocurrency assets.
  • Register with Luno, which is governed by ASIC, CySEC, and the FCA, if you wish to safely purchase the quantity of assets of your choice.
  • Trading through Luno may be a cost-effective option to purchase assets if you wish to acquire BTC with little capital because the transaction charge is 0.0002 BTC.

Luno – Pros and Cons

Pros

  • The trading platform is highly configurable and ease to use.
  • The transaction fee is low.

Cons

  • Only supports 25 cryptos.

Supplied Cryptocurrencies

It supports roughly 25 different cryptocurrencies, including as Bitcoin, Ethereum, Ripple, and others.

Nations who supported

  • France
  • Nigeria
  • England, and more.

best cryptocurrency exchange company in nigeria

3. LocalBitcoins

LocalBitcoins is one of the best cryptocurrency exchange company in Nigeria. LocalBitcoins is a well-known P2P exchange that enables safe P2P asset trading. Additionally, the forum provides escrow services to retain the assets until the buyers and sellers have finished their transactions.

Every day, thousands of traders register with LocalBitcoins to take advantage of the auto-trade capabilities. For user selection, the forum has a reputation system in place.

Features of LocalBitcoins

  • Before beginning a live trading session, the trader can customize the stop loss, set profit, and other order limitations thanks to the trading interfaces’ customization capabilities.
  • It costs nothing for the traders to buy and sell bitcoin.
    Payment methods accepted by LocalBitcoins include Neteller, credit and debit cards, and more.

LocalBitcoins – Pros and Cons

Pros

  • The mobile app is highly functional to buy, sell, and available at all app stores.
  • Mandatory ID verification at the best cryptocurrency app is high in security

Cons

  • The exchange app can be prone to scams

Supplied Cryptocurrencies

They support more than 100 cryptocurrencies, including Ethereum, Bitcoin, and many others.

Nations who supported

  • Nigeria
  • Canada
  • China
  • Croatia and more.

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4. Remitano

Another company on this list of the best cryptocurrency exchange company in Nigeria is Remitano company. Nigerians can make decentralized Bitcoin investments with Remitano, which offers every trader a P2P interface. BTC, BCH, ETH, LTC, XRP, and USD are supported by Remitano.

Remitano’s Swap feature enables trading between two distinct cryptocurrencies. Nigerian users who sign up for the referral program can earn a 40% commission and a 10% incentive.

Features of Remitano

  • Margin trading, asset exchanging, and investment are permitted on Remitano.
  • The bitcoin monies are placed in the Escrow system upon transaction start and held there until payment confirmation.
  • The least expensive exchange for trading assets is this one.
  • Users can trade cryptocurrencies and send money quickly and easily with Remitano Pay.

Remitano – Pros and Cons

Pros

  • The app version is easy to use for the exchange and investment in Bitcoin with fiat money.
  • The Nigeria crypto exchange allows the mining of its native RENEC token.

Con

  • The exchange of Bitcoin is not registered and regulated.

Supplied Cryptocurrencies

They only support Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Ripple, and USDT as cryptocurrencies.

Nations who supported

  • Nigeria
  • Kenya
  • India
  • South Africa and more.

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5. Uphold

This is another company on this list of the best cryptocurrency exchange company in Nigeria. To trade in cryptocurrencies, stocks, precious metals, and fiat money, log in to Uphold.

Utilize the Uphold platform to send cryptocurrencies instantly and to trade forex profitably. Over $4 billion worth of transactions have been powered by the multi-asset platform up until this point.

Uphold – Features

  • For further security, KYC documents must be submitted for new users to register.
  • Uphold’s AutoPilot feature enables planned cryptocurrency transactions and automatic trading.
  • The Uphold debit card accepts payments in gold, cryptocurrencies, and other assets and pays 1% cashback and 2% cryptocurrency rewards.
  • With Uphold’s distinctive one-step trading feature, customers may trade in cryptocurrencies and carry out quick and simple conversions between any assets. To use the platform like a pro, however, read more about it in our best Uphold review.

Uphold – Pros and Cons

Pros

  • The pricing system of these exchanges is very inclusive.
  • The Anything-to-Anything exchange to assets trading at almost zero transaction fee feature is highly advantageous.

Cons

  • There is hardly any educational content available for learning how to buy cryptos.

Supplied Cryptocurrencies

It supports over 30 cryptocurrencies, including as Bitcoin, Ethereum, and others.

Nations who supported

  • Nigeria
  • The UK
  • US and more

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6. Changelly

This is one of the best cryptocurrency exchange company in Nigeria. Changelly, which has its headquarters in Prague and a million customers, enables rapid and simple conversion between cryptocurrencies and fiat currencies.

The forum has reasonable costs and permits deposits and withdrawals very immediately. Changelly is a cryptocurrency exchange that offers fee-effective trading.

Features of Changelly

  • For the purchase and sale of Bitcoin and other cryptocurrencies, Changelly charges a flat service fee of 0.5%.
  • You can buy cryptocurrencies directly through Changelly thanks to its interface with the wallets Ledger, Trezor, Exodus, and Trust Wallet.
  • The well-known cryptocurrency exchange lets you trade Bitcoin and your other digital assets for dollars, pounds, and euros. To understand more about Changelly and its insights, read our frank review.

Changelly – Pros and Cons

Pros

  • Changelly is accessible in every country.
  • The limits are very high, and liquidity is impressive.
  • It offers to buy bitcoin in Nigeria with the recent acceptance of the payment from NGN and USD.

Cons

  • Changelly does not allow selling crypto assets in exchange of fiat currency.

Supplied Cryptocurrencies

It supports more than 150 cryptocurrencies, such as Bitcoin and Ethereum.

Nations who supported

  • Nigeria
  • India
  • UK and more

 

7. Quidax

Quidax is one of the best cryptocurrency exchange company in Nigeria. The best and native cryptocurrency exchange, Quidax, was founded by Buchi Okoro and is very well known in South Africa.

By participating in a variety of on-platform events, Quidax gives traders the chance to win cryptocurrency incentives. The Quidax Vault must be staked with QDX tokens in order to receive free cryptocurrency rewards.

Features of Quidax

  • The platform connects buyers and sellers to transact in the assets at predetermined rates.
  • Quidax provides NGN wallets and web-based wallets for trading seven cryptocurrencies, all without revealing the private key.
  • The platform charges bank fees and RAVE payment processing costs instead of a deposit fee.

Quidax – Pros and Cons

Pros

  • Quidax allows direct exchange between buyers and sellers, and therefore, the platform is trustworthy.
  • The crypto deals can be settled in an instant.

Cons

  • The supported cryptos are low.

Supplied Cryptocurrencies

It supports more than 20 cryptocurrencies, including as Bitcoin, Ripple, Ethereum, and others.

Nations who supported

  • Nigeria
  • Japan
  • Kenya and more

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8. Patricia

This is one of the best cryptocurrency exchange company in Nigeria. Patricia recently introduced the first Bitcoin debit card in Africa, with daily transaction volumes ranging from $5,000 to $30,000.

The forum acts as an alternate payment method, allowing members to utilize bitcoins to pay their bills, buy gift cards, and acquire international airtime. Customer service at Patricia is accessible in Nigeria and across the globe via live chat, email, Twitter, and Facebook.

Patricia – Features

  • The maker fee is charged for adding liquidity to the order book through limit orders, and the taker fee is charged for removing liquidity through market orders.
  • Traders can sign up at the forum’s Patricia Academy to gain access to a multitude of educational materials on how to purchase assets.
  • When using Bitcoin ATMs, Patricia provides a Virtual Card that may be used to withdraw money. To enable cryptocurrency transactions, the physical card of the top crypto exchange in Nigeria is powered by chip and pin technology. However, the website also has a support section where visitors can find answers to their smaller questions.

Patricia – Pros and Cons

Pros

  • The platform is highly secure and regulated by the CAC of Nigeria.
  • The highly interactive interface of the mobile app allows users to buy Bitcoin in cryptocurrency markets.

Cons

  • The users can deposit and withdraw to buy Bitcoin only.

Supplied Cryptocurrencies

It allows for the trading of more than 5 cryptocurrencies.

Nations who supported

  • Nigeria
  • Abu Dhabi
  • China
  • Ghana and more.

best cryptocurrency exchange company in nigeria

9. Kraken

Another company on this list of best cryptocurrency exchange company in Nigeria is the Kraken company. Kraken, established in 2011, provides consumers all around the world with a variety of goods, including futures, indexes, liquidity, gift cards, and margin trade facilities.

It is supported by a number of investors, including Hummingbird Ventures, Tribe Capital, Blockchain Capital, Digital Currency Group, and more. it is one of the best cryptocurrency exchange company in Nigeria, It is among the largest international Bitcoin exchange in the world.

Features of Kraken

  • It is advised to use the app for sample trading.
  • Stablecoins are subject to a 0.9% cost on Kraken Exchange, while Bitcoin is subject to a 1.5% fee.
  • Kraken permits users to stake assets in exchange for rewards.

Kraken – Pros and Cons

Pros

  • The forum supports more than 50 cryptos.
  • Kraken also offers high liquidity based on its services.

Cons

  • Limited cryptos supported.

Supplied Cryptocurrencies

It supports more than 50 cryptocurrencies, such as Bitcoin and Ethereum.

Nations who supported

  • Nigeria
  • India
  • China
  • Hungary, and more.

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10. Paybis

Paybis is one of the best cryptocurrency exchange company in Nigeria. Paybis, which has been in operation since 2014, enables simple cryptocurrency trading. Paybis provides a simple conversion calculator that aids in cost estimation when converting cryptocurrency to fiat money.

The forum is a well-known best cryptocurrency exchange company in Nigeria. because of its largest withdrawal thresholds, rapid buy and payout, first-rate security policy, and a variety of other intriguing features.

Features of Paybis

  • For gift cards, banks, affiliate programs, fintech companies, gaming companies, e-money organizations, and trading platforms, Paybis provides liquidity services.
  • Paybis charges fees for transactions made using credit and debit cards, services, the Bitcoin Network, and withdrawals.
  • To protect your cryptocurrency assets, the app complies with US and EU legislation and is governed by FCA regulations.

Paybis – Pros and Cons

Pros

  • The platform accepts several payment methods.
  • The interface is highly intuitive, multi-lingual, and easy to use.

Cons

  • The trading fees are very high for payment by bank cards.

Supplied Cryptocurrencies

About ten cryptocurrencies, including Bitcoin, Bitcoin Cash, Ethereum, and others, are supported.

Nations who supported

  • Nigeria
  • South Africa
  • The US, and more.

 

 

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