A majority of Nigerians admit cryptocurrency as their most precious asset today. The tremendous popularity and recognition that Cryptocurrency has achieved in Nigeria has amazed everyone. Crypto traders living in Nigeria can finally see a ray of hope in getting out of the serious poverty trap and bankruptcy that they’ve been struggling with for years. But, the recent ban on crypto use in Africa has seriously disturbed the cryptocurrency flow in Nigeria. This means that trading cryptocurrency in Africa is no more a smooth and easy job to do as it was years before.
To deal with this, Nigerian traders are taking things to the next level by using only safe, secure and efficient crypto exchanges like bitql software. Through this, Nigerian traders will get ensured of exchanging any cryptocurrency without getting into legal problems or paying extra costs to any third party. With that said, let’s find out some of the best cryptocurrency exchanges that have offered a big help in trading, buying, selling, and exchanging any crypto coin in Nigeria.
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Naira Ex is undoubtedly the pioneer among all the crypto exchanges active today in Nigeria. Many Nigeria traders consider it as a premier bitcoin exchange that offers instant- real-time crypto trading. However, Naira EX currently only deals with the local Nigeria currency which is Nigerian Naira. The platform also offers automated payments to buy and sell cryptocurrency without going through any hassles. This famous platform allows trading and exchanging of famous cryptocurrencies including bitcoin, Ethereum, Litecoin, etc. Using Naira EX doesn’t require you to pay high trading fees that is undoubtedly a big relief to crypto traders.
Another safe, easy, and effective crypto exchange dedicatedly operating in Nigeria for the last many years. Luno is known to be the best crypto exchange for beginners who’re planning to start trading crypto in Nigeria. The excellent customer service of Luno walks you through every step required to exchange your crypto at the best prices possible. Launched in 2013, Luno has been having rounds in the Nigerian crypto market because of its extreme credibility, effective working, and safe yet instant crypto exchanges. Like Naira EX, Luno also deals with Bitcoin, Ethereum, and Ripple crypto coins.
There is hardly any crypto enthusiast who hasn’t heard of Binance as one of the top leading bitcoin exchanges. It gets most of its income through Nigeria and has acquired immense trust plus popularity among Nigerian traders. Recently, the exchange has built its first physical crypto Masterclass in Nigeria that trains traders to buy and sell bitcoin easily in Nigeria. Also, Binance especially aids crypto investors who are not associated with banks but still want to trade their cryptocurrency safely in Nigeria.
It won’t be wrong to call Kraken one of the most popular Nigerian crypto exchanges. With more than millions of active users, Krakens has changed the way Nigerians used to trade their cryptocurrency. Not only this crypto exchange platform is easy to use but also ensures to give its users the best service possible. Nigerians extensively use Kraken as the platform takes comparatively less time for verification and supports a multitude of payment methods. Some of these include USD, EUR, GBP, JPY, CAD, etc.
It is one of the most reputable and old crypto exchanges operating successfully in Nigeria. Hodl Hodl is an extremely efficient decentralized exchange that can quickly access your details for account creation to get you started with crypto trading right away. You may also consider it as an affordable platform for not paying any kind of deposit or withdrawal fees before, during, or after the crypto exchange. In short, Hodl Hodl is your go-to crypto exchange service in order to get safe, fast, and easy crypto exchanges.
Conclusion:
All the mentioned crypto exchanges are listed on all reputable crypto websites with amazing feedback and reviews. Make sure you check the reputation, fees, payment methods, and current exchange of your crypto before settling on any crypto exchange.