In the past couple of years, Nigeria has consistently ranked among the top countries with the highest number of cryptocurrency traders and users.
Whether you are a beginner looking for a crypto exchange that offers easy-to-use basic crypto features or an experienced trader looking for advanced features like staking and futures trading, this article has options for you.
At a glance, here are the top 10 cryptocurrency exchanges you can use as a crypto trader in Nigeria:
- Binance
- Obiex
- Bybit
- Bitget
- Quidax
- Kucoin
- Nairaex
- Yellowcard
- Gate.io
- Busha
1. Binance
Binance, founded in 2017, is one of the world's largest and most well-known cryptocurrency exchanges.
Binance provides a comprehensive range of services, including spot trading, futures trading, staking, savings, and more. With a wide selection of cryptocurrencies and advanced trading features, Binance has become a popular platform among novice and seasoned traders.
Features
- Wide Range of Cryptocurrencies: Over 500 cryptocurrencies available for trading.
- Competitive Fees: Competitive trading fees with discounts for using Binance Coin (BNB).
- Advanced Trading Tools: Offers features like futures, margin trading, and staking.
- Mobile App: Available on both iOS and Android.
2. Obiex
Obiex is a cryptocurrency exchange and financial technology platform launched in 2021 for trading and using cryptocurrencies and digital assets. It has over 80,000 users in several countries, including Nigeria.
The platform focuses on providing an easy-to-use and secure trading experience, making it a top choice for both beginner and experienced Nigerian crypto traders.
Features
- Zero Fees: Zero transaction fees on coin swaps.
- Secure Platform: Enhanced security measures to protect user funds.
- User-Friendly Interface: An easy-to-use platform suitable for traders of all levels.
- Local currency support: for P2P and withdrawals
- Utility feature: Users can pay for utilities, like electricity and TV subscriptions with crypto
- Mobile App: Available on both iOS and Android.
- Cryptocurrencies: Access to over 20 cryptocurrencies, including USDT and BTC.
- Customer Support: Responsive support team across in-app, email and support site channels
- Crypto Education: Via the Obiex blog, which publishes educational and lifestyle articles about crypto, blockchain and web3.
3. Bybit
Bybit is a rapidly growing cryptocurrency exchange that has quickly become a favourite among traders focusing on derivatives trading.
Founded in 2018, Bybit offers futures and perpetual contracts, providing high leverage and liquidity.
Features
- Derivative Trading: Offers futures and perpetual contracts.
- Copy trading: Copy experienced trader strategies
- Staking: Stake tokens and token pairs
- Trading Bot: Automate your trades with Bybit Bots
- Mobile App: Available on both iOS and Android.
4. Bitget
Bitget is a cryptocurrency exchange that stands out for its social trading features. These allow users to follow and copy successful traders' strategies. This unique feature, combined with a wide range of supported cryptocurrencies, makes Bitget an attractive option for new and experienced traders.
Features
- Social Trading: Copy trading feature to follow successful traders.
- Wide Range of Assets: Supports numerous cryptocurrencies.
- Earn: Earn interest on your crypto deposits.
- Mobile App: Available on both iOS and Android.
5. Quidax
Quidax is an African-focused cryptocurrency exchange that aims to simplify the process of buying and selling cryptocurrencies.
Launched in 2018, Quidax provides a user-friendly platform that caters to the African market. With its instant buy/sell feature and dedicated Naira wallet, Quidax makes it easy for Nigerian users to trade cryptocurrencies seamlessly.
Features
- Ease of Use: Intuitive platform designed for beginners and experienced traders.
- Instant Buy/Sell: Quick transactions for buying and selling cryptocurrencies.
- Customer Support: Responsive and helpful support team.
- Mobile App: Available on both iOS and Android.
6. Kucoin
Kucoin is a global cryptocurrency exchange known for its extensive list of supported cryptocurrencies and innovative products.
Founded in 2017, Kucoin has grown rapidly and now serves millions of users worldwide. The platform offers various trading features, including margin trading, futures, staking, and lending.
Features
- Extensive List of Cryptocurrencies: Supports over 600 cryptocurrencies.
- Advanced Trading Features: Margin trading, futures, and staking.
- Low Fees: Competitive fee structure.
- KuCoin Shares (KCS): Users can benefit from reduced fees and rewards by holding KCS.
- Mobile App: Available on both iOS and Android.
7. Nairaex
Nairaex is a Nigerian-based cryptocurrency exchange that provides an easy and reliable way to trade cryptocurrencies with Naira. Since its launch, Nairaex has become a trusted platform for Nigerian users looking to buy and sell Bitcoin and other cryptocurrencies with local currency.
Features
- Naira Trading: Seamless trading between cryptocurrencies and Naira.
- Instant Funding: Quick deposits and withdrawals in Naira.
- User-Friendly: Simple and straightforward platform.
- Customer Support: Local support team to assist Nigerian users.
8. Yellowcard
Yellowcard is a cryptocurrency exchange that aims to make crypto accessible to everyone in Africa. Launched in 2019, Yellowcard has expanded its operations across multiple African countries, including Nigeria. The platform is designed to be easy to use, making it ideal for beginners and advanced users alike.
Features
- Accessibility: Easy to use for beginners.
- Low Fees: Competitive transaction fees.
- Broad Reach: Operates in multiple African countries.
- Mobile App: Available on both iOS and Android.
9. Gate.io
Established in 2013, Gate.io has built a solid reputation for reliability and security. The platform supports spot trading, futures, margin trading, and lending services, catering to both casual and professional traders.
Features
- Variety of Cryptocurrencies: Supports a vast number of digital assets.
- Advanced Trading Tools: Futures, margin trading, and lending services.
- User Experience: User-friendly interface with extensive features.
- Customer Support: Responsive support team available 24/7.
- Mobile App: Available on both iOS and Android.
10. Busha
Overview
Busha is a Nigerian cryptocurrency exchange known for its simplicity and secure trading environment. Founded in 2019, Busha focuses on providing a straightforward platform for buying, selling, and storing cryptocurrencies.
Features
- User-Friendly: Designed for ease of use and suitable for all traders.
- Busha Spend: Pay for utilities with crypto
- Instant Buy/Sell: Quick transactions for buying and selling.
- Real-time Price Tracking: Keep track of cryptocurrency price changes in real-time.
- Low Transaction fees: Enjoy low fees when buying crypto with fiat.
- Customer Support: Efficient and responsive support team.
- Mobile App: Available on both iOS and Android.
To Round Up
These top 10 crypto exchanges in Nigeria provide a range of features tailored to meet the needs of different types of traders, from beginners to advanced users. Each platform offers unique advantages, making it easier for Nigerian users to trade and use cryptocurrencies how and when they want.
