The Top Major Crypto-currency Exchanges In Nigeria - Be Free With Cryptos In Nigeria
For everyone, but especially for cryptocurrency newbies, selecting the best cryptocurrency exchange in Nigeria might be challenging.
There are many possibilities, and deciding which one is ideal for you might be challenging.
To help you make an informed decision, we'll break with the help of experts from The Nigerian Blogger, an important nigerian website with great articles and guides for people living in that country where you can read for free by clicking here we have made a list with the major crypto-currency exchanges in Nigeria and go over some of the things you should consider.
Due to its enterprise-grade security and absence of trading fees, Capital is favored by savvy Nigerian crypto investors.
I can't suggest Capital enough if you're searching for a secure, affordable option to purchase and sell cryptocurrency in Nigeria.
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How to Register for Bitcoin in Nigeria
You might use a cryptocurrency exchange to start purchasing Bitcoin or other cryptocurrencies in Nigeria.
Thankfully, the majority of exchangers are simple to set up and mobile-friendly.
In addition, P2P trading can be used by Nigerians to acquire Bitcoin. Binance P2P, Kucoin are a few of the P2P websites that are most well-liked in Nigeria.
Only a few bitcoin apps are tailored to Nigerian users, despite the market being flooded with them.
Cryptocurrency apps can be especially helpful for traders who access their trading accounts primarily through their cellphones while they are on the go.
If you fit into this category, this guide will provide you a rundown of the top cryptocurrency apps available right now.
The Nigerian market is flooded with cryptocurrency apps, making it challenging for a beginner to pick the best one.
It's crucial to remember that a decent cryptocurrency software must, at the very least, offer a safe environment for trading digital assets.
Products from Binance, Coinbase and BREET are among the top cryptocurrency apps available in Nigeria.
Without paying any trading commissions, Capital enables users to trade cryptocurrencies alongside stocks, commodities, currency, market indexes, ETFs, and more.
Users can trade with 2x leverage on cryptocurrencies and it supports more than 100 coins (up to 500x leverage on other assets).
As a result of Capital's tight spreads, which range from 0.1% to 0.3% (depending on the asset), using the platform costs very little overall (0% trading commissions plus 0.1% to 0.3% spreads).
It features a PC platform that is completely functional, a mobile app that is highly regarded (4.7/5 on iOS and Android), and a great demo account where you can practice trading with real assets in real-time.
A cryptocurrency exchange called Binance made its debut in China in 2017. Binance has become entirely decentralized as a result of China's growing strict anti-cryptocurrency laws.
One of the top marketplaces for buying, selling, and trading cryptocurrencies is Binance. For users using smartphones, the exchange also provides a mobile app version.
The Binance app offers the same services to users everywhere and is an optimized version of the web platform. Binance also has a local presence in Nigeria, setting it apart from the other companies on this list.
Additionally, Nigerians can utilize the Nigerian Naira (NGN) as a fiat currency on Binance's mobile apps to trade in the Bitcoin (BTC) and Tether (USDT) markets.
Direct naira deposits and withdrawals were previously possible on Binance, but the firm had to discontinue this service after the Central Bank of Nigeria banned cryptocurrencies in February 2021.
Peer-to-peer (P2P) trading from Binance immediately offered a substitute for Nigerian users.
The wide range of features on the Binance app make it especially helpful for users to access crypto services like DeFi, staking, and liquidity farming in addition to trading.
One of the best apps for trading cryptocurrencies is the SnappyExchange platform. The app's straightforward user interface enables you to utilize it without the need for assistance.
For Naira, you can quickly purchase and trade a variety of cryptocurrencies, including Bitcoin, USDT, Ethereum, Litecoin, Dogecoin, and more.
You will be prompted to establish an account as soon as you launch the app on your mobile device, and as soon as you do, you may begin trading cryptocurrencies on the app right away.
SnappyExchange, which has been around since 2020, has consistently shown to be the top cryptocurrency trading site.
Visit the Snappy Exchange website or search for Snappy Exchange in the Play Store or Appstore to download the app.
You will be able to start trading cryptocurrency immediately after downloading the app.
You may instantly sell Bitcoins, Bitcoin Cash, Dogecoins, Ethereum, and Litecoins for naira using the automated trading tool BREET. With the help of this website, you may safely sell your cryptocurrencies online.
Through the use of customer-centric frameworks, they consistently provide Nigeria with the greatest crypto rates.
Each BREET user has a different wallet address for each cryptocurrency. Anytime you want to sell a cryptocurrency, just send it to your BREET wallet address.
The blockchain network's influx will be immediately detected by the system.
The best rates are then used to convert it to naira or cedis, depending on your default choice. Download the BREET App from the Play Store or Appstore to get started quickly trading cryptocurrency.
For both web and mobile users, Prestmit is an over-the-counter bitcoin exchange application. Various cryptocurrencies, such as Bitcoin, Dogecoin, Litecoins, and Tether, are supported via Prestmit.
Prestmit, which has been around since 2019, has established itself as one of the top apps for selling cryptocurrencies quickly in Nigeria and Ghana.
The Prestmit platform has autonomous transaction processes that make it incredibly easy for users to convert their cryptocurrency to fiat.
Naira and cedis are two fiat options that are available.
On Prestmit, all transactions are automatic, and any cryptocurrency that is received into a user's wallet and converted to fiat is automatically credited to that user's wallet.
Above all, Prestmit is the first cryptocurrency trading software in Nigeria that enables users to purchase bitcoins using gift cards.
For the finest cryptocurrency transactions, feel free to download the Prestmit App from the Play Store and Appstore.
KuCoin is a less popular, less "safe," and de facto smaller platform. It is however quite simple to use. The platform processes a sizable number of transactions.
Although its program is intended for new traders, more seasoned traders will also find all the necessary tools.
The program has a fresh, straightforward user interface. It provides fundamental features like depositing and withdrawing money as well as purchasing and selling virtual currency. It syncs up seamlessly with the web platform.
Support can be accessed right from the app. A dynamic Japanese candlestick chart is integrated when it comes to trading.
To ensure that you never miss out on intriguing chances, you can establish price alerts.
The ability to manage several accounts is another feature of the application that can be very useful for cryptocurrency traders who are most active.
Binance is the largest cryptocurrency exchange by volume of regular trades, including Nigeria. The company provides cryptographic services to Nigerian customers.
The platform supports NGN, USD, INR, CNY, EUR, RUB, and several other currencies.
Kochure, Nigeria's leading crypto trading app, has begun a groundbreaking to expand its features and presence to other parts of Africa.
Luno is Nigeria's most popular cryptocurrency exchange. This platform, like Coinbase, includes both a crypto exchange and a Bitcoin and Ethereum wallet system.
The finest cryptocurrency trading apps in Nigeria for Android and iOS are now complete.
These carefully curated mobile applications for trading bitcoin contain some of the features that every cryptocurrency trader is looking for.
The previous apps make it simple and secure to exchange major cryptocurrencies like Bitcoins, Ethereum, Bitcoin Cash, Dogecoins, and Litecoins.