In this article, you can learn about how cryptocurrencies are becoming increasingly popular among traders around the world, and Nigerian traders are no exception.
Top 9 Cryptocurrency Exchanges in Nigeria
Below is a list of some of the best crypto exchange in Nigeria currently available, based on the TU evaluation of many exchanges.
- ByBit
- Binance
- Huobi Global
- KuCoin
- Bitfinex
- BitMEX
- OKX (OKEx)
- Cryptohopper
- Kraken
ByBit
It is a cryptocurrency exchange operating in Nigeria, where crypto traders can take advantage of various trading features with high-tech equipment, super-fast transactions, and excellent customer service. The platform also accepts various currencies such as NGN, BRL, USD, and others
Binance
Binance is the largest cryptocurrency exchange in terms of regular trading volume, including for Nigeria. The company provides cryptocurrency services to Nigerian customers. The platform supports NGN, USD, EUR, and several other currencies. Binance charges 0.1% on cryptocurrency transactions under 50 BTC per month. Deposits on Binance start at $1.
Huobi Global
Huobi Global is one of the world’s largest cryptocurrency exchanges, with a large presence in Asia. Huobi Global provides cryptocurrency services to customers in Nigeria. There is no support for fiat deposits or withdrawals, including NGN.
KuCoin
As one of the largest cryptocurrency exchanges internationally, including in Nigeria, KuCoin offers margin, futures, and peer-to-peer trading in addition to core trading. NGN is supported along with other leading currencies on the platform.
Bitfinex
Bitfinex is a crypto exchange in Nigeria serving Nigerian customers and traders. Bitfinex does not support NGN but does support USD, EUR, GBP, JPY, and CNH. On this crypto exchange, the maximum taker commission is 0.2%, and the maximum maker commission is 0.1%. The minimum deposit on Bitfinex is $10.
BitMEX
Cryptocurrency broker BitMEX provides crypto services to customers in Nigeria. This cryptocurrency exchange does not support NGN currency. Producers on this crypto exchange pay a maximum commission of 0.1%, and acceptors pay 0.075%. Deposits start at 0.0001 XBT.
OKX
Nigerian clients and traders can trade cryptocurrencies on OKX (OKex). This platform supports NGN as well as USD, EUR, GBP, KRW, JPY, and RUB. On this crypto exchange, the maximum taker commission is 0.1%, and the maximum maker commission is 0.08%.
Cryptohopper
The trading interface may be too complicated for new users. Cryptohopper offers cryptocurrency trading to clients and traders from Nigeria. The platform does not support NGN but supports AED, BRL, HRK, etc. The platform does not charge transaction fees. Traders are only charged commissions based on the trading conditions of the cryptocurrency exchange partners they use.
Kraken
Kraken is a cryptocurrency exchange that operates in Nigeria. Kraken does not support NGN currencies but does support BTC, DOGE, etc., which are popular in Nigerian cryptocurrency exchange trends. Kraken has a maximum maker fee of 0.16% and a maximum taker fee of 0.26%. Kraken requires a minimum deposit of $1.
How to choose a cryptocurrency exchange in Nigeria?
The following factors should be considered:
- Supported Coins
- User Interface
- Fees
- Security
- Customer Support
Where to keep cryptocurrency in Nigeria?
Cryptocurrencies can be stored in a variety of ways, including on an exchange balance, in a hot or cold wallet. When it comes to storing cryptocurrencies in Nigeria, there are several things to consider.
