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 the top 10? Then let’s get to it.
Top 10 Bitcoin Exchanges In Nigeria
Let’s take them one after the other.
1. Gate.io
The first platform on my list of top Bitcoin exchanges in Nigeria is Gate.io.
Gate.io is headquartered in George Town, United Kingdom.
This exchange is popular for supporting a large number of coins; over 1000 trading pairs are available.
Therefore, it is your go-to if you want to trade new coins that are trending on the market.
Other available services and products include cloud mining, copy trading, and passive income gigs.
2. Bitget
Bitget is one of the world’s largest crypto-derivatives exchanges registered in Singapore.
It offers a robust trading platform, innovative products, low fees, and top-notch security.
Bitget is popular for pioneering copy trading.
Furthermore, many benefits come with holding the Bitget token, BGB, such as access to the launch pool and launchpad.
3. Flooz
Another platform that made my list of top Bitcoin exchanges in Nigeria now is Flooz.
Flooz is a private non-custodial crypto wallet as well as a DEX.
This exchange allows people living in Nigeria to buy cryptocurrencies with naira in a fully decentralized way.
Also, it has a Swap feature and it enables third payments like Netflix subscriptions.
Additionally, Flooz is an aggregator so it enables users to swap tokens at the best price across exchanges.
Already, over 60,000 people use Flooz and more than $140 million worth of transactions have been completed on the platform.
To use Floooz, create an account and download the app from App Store or Google Play.
4. Binance
Binance allows you to 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.
Nigerians can fund their NGN wallets from the Binance P2P platform.
To enjoy the services of Binance, you must create an account and complete an Identity Verification process.
Don’t have an account with Binance? Click here to register.
And if you need a step-by-step guide on how to use Binance P2P, read this post.
5. Remitano
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.
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.
6. OKX
OKX provides different services including Buy crypto, Spot/Margin/Futures trading, Pool, Earn, Wallets, DeFi, P2P trading, and more.
In OKX 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 to them.
Some of these payment methods are VISA, Mastercard, Apple Pay, Ideal, POLI, Bpay, Blueshyft, SEPA, etc.
Gratefully, OKX 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.
Read our OKX review to learn more.
7. Quidax
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 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.
8. Patricia
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.
9. KuCoin
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.
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.
10. 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 transfers.
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.
Heads up!!!
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!
Please I want to know how legit is Virtu Financial. I need it cos I don’t want to be another victim like that of Cala.
Alright Frank, we will check it out.