Top cryptocurrency exchange Apps/websites in Nigeria
Cryptocurrencies over the years have gained significant interest globally, but it seems Nigerian traders are at the forefront of trading crypto currencies by making the digital currency a major part of the Nigerian mainstream economy.
According to KuCoin, a whopping 35% of Nigerians are investors in crypto currencies. To show you how well Nigerians are into crypto currencies, according to the Finder Cryptocurrency Adoption Index, Nigerians are rated the highest owners of Bitcoin in the world as of January 2023: 24% of the total owners of Bitcoin are Nigerians. Incredible right? Well, that’s just to show you how popular cryptocurrency is in Nigeria.
Choosing the best crypto currency exchange in Nigeria can be really tedious, especially if you are still new in the crypto space. This is because there are several crypto currency exchanges out there, each with their own unique features and pros and cons.
That is why, in this blog post, we will make sure we walk you through the various cryptocurrency exchanges in Nigeria. We’ll make sure that by the end of this post, you won’t have any difficulty choosing the right exchange for your crypto-based transactions. Make sure you stay tuned.
You can not talk about cryptocurrency exchange in Nigeria without mentioning ZenGo. This is because ZenGo has made a name for themselves as one of the very finest in the industry. ZenGo is one of the very few exchanges that’s absolutely free to use.
You may be wondering how secure your crypto is while exchanging with ZenGo. Not to worry, ZenGo ensures your crypto is protected by a dual keyless, independently created mathematical secret share, one of which resides in the cloud while the other lives in your phone.
The essence of the unique secret shares is that, no matter what may happen tomorrow, your coins are always safe and secured. As a new or existing trader, you don’t need to be afraid if your phone is broken or ZenGo folds tomorrow, as your coins are totally safe.
Some features of ZenGo
- The application is highly rated on the Google Play Store (4.7/5), making it a near-perfect application.
- Account opening is absolutely free.
- It supports more than 70 crypto assets.
- Opening an account with ZenGo is very easy and time-saving; you can typically open your account in less than a minute.
- The customer service support system is top-notch; it’s a 24/7 service.
- To enhance security, ZenGo made provision for face scanning technology.
- You can access up to 7.9% APY while saving your crypto.
- You can speed up your send transaction or even cancel it with just one tap.
- It’s very good and recommended for crypto traders who’re looking for low-fee exchanges or trading experiences.
By volume of regular trades, Binance is the largest crypto currency exchange globally and in Nigeria too. Most Nigerians simply can’t trade without Binance; this is unsurprising considering the fact that the exchange has made a name for itself in the crypto world as trustworthy, reliable, and efficient when it comes to customer service and trading in general.
Binance supports most world currencies for transactions; some of the currencies include the US dollar, the Nigerian naira, euros, INR, RUB, etc. For traders transacting cryptos under 50 BTC per month, Binance charges 0.1%; the fees increase with BNB investments. For deposits on Binance, the minimum amount traders are expected to deposit is $1; you can deposit as much as you like.
Some important features and advantages of Binance include:
- Leaderboard: Binance ensures its customers are not bereft of trader information by introducing the leaderboard platform, which allows traders to follow the positions of the very best traders on the platform.
- The processing fees of Binance are very low and easily affordable.
- Binance has a very fast trading system.
- Cross collateral is a feature on Binance that allows its customers to borrow against another cryptocurrency by using their own crypto assets as collateral.
- The savings rates are very attractive.
- Battle: with this feature, traders go head-to-head to see who becomes the most profitable over a particular period of time.
- 24/7 customer service
- The security system of Binance is top notch.
- The funding rates are very attractive.
Founded in 2012, Coinbase is an American-based crypto currency exchange based in San Francisco. It’s regarded as the second-largest crypto currency exchange in the world, only behind Binance.
Initially, Coinbase was meant to support only Bitcoin, but that has changed as the exchange now supports different coins. With Coinbase, you can easily buy and sell your crypto with little or no stress.
Important Features of coinbase
- Coinbase supports more than 150 cryptocurrencies.
- It has the Coinbase wallet application. This app allows users to store their cryptocurrencies safely without fear.
- Coinbase provides insurance for users in case of any cyberattacks.
Patricia is a Nigerian cryptocurrency exchange that allows you to buy and sell digital currencies like Bitcoin, Ethereum, Litecoin, and Bitcoin Cash. They offer a user-friendly website and mobile app where you can easily create an account, deposit funds, and start trading.
Patricia also offers a high level of security to protect your funds and personal information. They use multiple layers of security, including two-factor authentication and SSL encryption, to keep your account and transactions safe.
Patricia is a great option if you are looking to buy and sell cryptocurrencies in Nigeria. Their user-friendly platform and high level of security make them a reliable and convenient choice for beginners and experienced traders alike.
Some Features of Patricia
- It supports the trading of Bitcoin, Ethereum, Litecoin, and Bitcoin Cash.
- Patricia offers a peer-to-peer trading platform where buyers and sellers can trade directly with each other.
- It has a user-friendly website and mobile app for easy trading.
- Patricia provides a high level of security with multiple layers of protection, including two-factor authentication and SSL encryption.
- They accept deposits in Nigerian Naira and other cryptocurrencies.
- There are instant deposits and withdrawals.
- offers 24/7 customer support through phone, email, and live chat.
- It has a loyalty program for users to earn rewards for trading on the platform.
Quidax is another Nigerian cryptocurrency exchange where you can buy, sell, and trade digital currencies like Bitcoin, Litecoin, and many others.
One of the unique features of Quidax is that they offer a wide range of cryptocurrencies to trade, including some of the more obscure altcoins. This can be an advantage, especially for experienced traders who want to diversify their portfolios and take advantage of new investment opportunities
Quidax is a great option for those looking to buy and sell cryptocurrencies in Nigeria.
Some features of Quidax
- Quidax accepts deposits in Nigerian Naira and other cryptocurrencies.
- You can instantly deposit and withdraw without hitches.
- There’s a high level of security with multiple layers of protection, including two-factor authentication and SSL encryption.
- 24/7 customer support
- Quidax offers a referral program for users to earn rewards for inviting friends to trade on the platform.
- The company provides advanced trading features like limit orders, stop orders, and market orders.
- offers a Quidax wallet for storing and managing your cryptocurrencies.
- Quidax offers a simple and convenient platform for trading cryptocurrencies in Nigeria.
It’s quite obvious that Nigeria has several cryptocurrency exchanges that provide convenient and secure platforms for buying and selling digital currencies.
The various platforms mentioned above offer a user-friendly website and mobile app, multiple layers of security, instant deposits and withdrawals, and a wide range of available cryptocurrencies.
It’s left for you to make your choice, but I can assure you that all the exchanges mentioned above are reliable and convenient options for buying, selling, and trading cryptocurrencies in Nigeria.