Nigeria Cryptocurrency Exchanges

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We are living in a world which is always evolving and the world as we know it today is totally different to what it was in the past, some of the changes are good whilst others are not. In the year 2008, the terms Bitcoin, Cryptocurrency, Ethereum would have ben meaningless, fast forward 14 years later, cryptocurrencies have taken the world by storm and people see cryptocurrency as the next big thing in the world, if it is not big already. The first coin, which is considered to be the original cryptocurrency is Bitcoin, which was founded in the year 2009 and ever since then, a new age of blockchain technology and decentralised digital currencies started. As of now, there are hundreds of coins in the industry and some of the most popular ones include Ethereum, Litecoin, Bitcoin Cash, Ripple, EOD, Lumen, DAI amongst others. If you are into crypto trading, you will obviously know that you need a cryptocurrency exchange in order for you to buy and sell cryptocurrency.

What is a Crypto Exchange?

Crypto exchanges are where traders can buy, sell, and convert different cryptocurrencies. They are necessary for cryptocurrencies to be traded at the scale they are today. Some exchanges offer the most competitive prices or speeds, whereas others provide specialized financial products. There are plenty cryptocurrency exchange companies around and when you are looking for the best one to trade with, it is important to look at various things. This article seeks to give a brief background of the top crypto exchange companies available at the moment.

Yellow Card Nigeria

Yellow Card is a popular cryptocurrency exchange which was launched about 7 years ago in the year 2016. Yellow Card has grown significantly ever since it was launched and is now available in a number of countries including Botswana, Cameroon, Côte d’Ivoire, DR-Congo, Gabon, Ghana, Kenya, Malawi amongst other countries. Yellow Card is popular because it offers the best cryptocurrencies at the moment because at the end of the day, it is not just about the number of cryptocurrencies but they have to be quality as well, the cryptocurrencies on the platform include Bitcoin, Ethereum and Tether. Not only does the exchange have the best cryptocurrencies, the process of buying and selling these cryptocurrencies is simplified such that even beginners can start trading hassle free. You will also be pleased to know that Yellow Card has some of the the best trading rates with zero fees. Yellow card supports quite a number of Fiat currencies in the countries they operate in, some of the fiat currencies supported are Nigerian Naira, Kenyan Shilling, CFA Franc, Tanzanian Shilling, South African Rand, Botswana Pula, Ugandan Shilling, Zambian Kwacha, Ghana Cedi, Rwandan Franc.

Busha Nigeria

Busha is a cryptocurrency exchange which was launched in the year 2019 and it has been very well received because Busha is a great alternative which offers its users a platform where they can buy, sell, and manage their cryptocurrency portfolio. Busha is connecting Africans to the global economy, and local individuals and businesses can accept payments from anyone anywhere in the world without restrictions. What makes Busha very popular is the fact that users can trade with zero fees, and this is great because some of the trading fees being charged by other crypto exchanges are just unreasonable. Three features that make Busha an excellent exchange are the Instant trading, the Schedule Recurring Buys feature and the Set Limit Orders feature.Busha provides you with an opportunity to buy, sell or swap several cryptocurrencies including Bitcoin, Ethereum, Litecoin, Dogecoin, Binance Coin and several other cryptocurrencies.

Naijacrypto Nigeria

Naijacrypto is a popular Nigerian crypto currency exchange which operates legally in the west african country as it is regulated and licensed in Nigeria by the Corporate Affairs Commission Nigeria. One thing which punters love about Naijacrypto is the fact that it is quite easy to use for anyone who regardless of their trading experience. Naijacrypto offers quite a number of cryptocurrencies on its platform including Bitcoin, Ethereum, Litecoin amongst other coins. The exchange offers Fiat currencies as well such as Naira, USD, ZAR amongst others, so it is quite clear that this is such a balanced cryptocurrency exchange. Naijacrypto is a secure platform because it operates an advanced blockchain exchange platform. The Blockchain Exchange is a relatively new platform for trading digital assets, the good thing about it is that it is reliable, fast, and extremely easy to use. Naijacrypto has an ‘Instant Buy and Sell’ feature which is built for users in order for them to buy and sell cryptocurrencies. This is a crucial feature which makes trading on the platform convenient because you can buy or sell cryptocurrencies quickly and easily.

Quidax Nigeria

Quidax is a Nigerian based crypto exchanges which was founded in the year 2018 by Buchi Okoro in Lagos Nigeria. The company is registered in Malta, the reason being that Malta is open to cryptos and is taking steps to create a regulatory framework around it. Quidax is a platform where users can buy or sell cryptocurrencies in Naira, which is the local currency in Nigeria. According to Quidax, its vision is to create a world where sending money and value around the globe is as easy as sending a text message. Quidax offers quite a number of cryptocurrencies on its platform including Bitcoin, Ethereum, Tether, Litecoin, Ripple, Bitcoin cash amongst others. If you cannot find the cryptocurrency you are looking for, you simply have to wait because Quidax lists new cryptocurrencies regularly. To date, the company has over 400 000 users and this is a clear sign that the company has made an impact in a short space of time.

Remitano Nigeria

Remitano is an emerging crypto exchange which was founded in the year 2016 by Babylon Solutions Limited and it provides escrowed P2P Bitcoin marketplace where traders can buy and sell Bitcoin easily. Remitano is currently available in a couple of countries namely including Australia, Malaysia, South Africa amongst other countries. In its initial stages, Remitano only started as a Bitcoin Peer-to-Peer marketplace but the company has now grown to include other services and the trade of more cryptocurrencies and at the moment, the company offers a total of 8 cryptocurrencies including Bitcoin, Ethereum amongst others. Remitano has a simplified User Interface unlike other crypto echange companies with imposing UI which can be overwhelming for traders. Remitano has a friendly online customer support which is available 24/7 to assist customers. You will be excited to know that the company has some of the lowest fees in the industry and that is music to the ears of the traders. Remitano also supports the deposit and withdrawal of fiat currencies for certain jurisdictions, generally, the company has adequate deposit options on the platform.

BitPesa Nigeria

BitPesa is an African cryptocurrency excahnge which was launched in the year 2013 in Kenya so the company has a wealth of experience in the crypto world. BitPesa services frontier market businesses and multinationals paying suppliers as far as China and UAE, as well as cryptocurrency traders. BitPesa allows African crypto traders to send or receive money from around the world at at a fee that is lower as compared to traditional money transfer services. BitPesa provides wholesale cryptocurrency liquidity for individuals and institutions across Africa. In addition to fast settlement and number of currency options, BitPesa also boasts state-of-the-art security and the deepest liquidity of an African exchange. The BitPesa payment platform is blockchain-based, and people enjoy trading on this platform because it has a swift transaction time, and it is cost-efficient due to the reasonable fees charged. Additionally, Bitpesa supports several international and local currencies and there is a wide range of supported payment methods as well, you can make your payments using either bank transfers or 7 different Mobile money networks linked to over 60 banks across Nigeria, Ghana, Congo, Uganda, Tanzania, Senegal, DRC and Kenya.

Changelly Nigeria

Changelly is a hugely succesful crypto exchange that offers its customers a one-stop-shop experience because traders can purchase, sell, swapp, and trade cryptocurrencies. Changelly is a non-custodial cryptocurrency exchange service, what this means is that it never stores any of your money or cryptocurrency, traders need to have their own wallets to be able to use the service. Changelly’s trading algorithm is integrated into the largest cryptocurrency exchange platforms, including Binance, Poloniex, Bittrex amongst others. The company makes bids and asks on the platforms, then selects and suggests the best available rate and displays the estimated rate on our site. The rates remain approximate until the transaction is actually made on the blockchain, which is why the exchange rate at the time of a transaction may differ slightly from the estimated rate that you see when you begin a transaction. Changelly is popular because of its friendly crypto-to-crypto rates as they are some of the best rates in the industry. Changelly supports a wide range of cryptocurrencies on its platform, in fact, there is about 140 cryptocurrencies on the Changelly platform including Bitcoin, Ethereum and several others. Changely accepts 3 fiat currencies for buying crypto, namely the USD, EUR and GBP. Changelly users can buy cryptocurrencies with debit or credit cards from any country in any currency, but transactions will either be in USD or Euro. Paypal is not yet available on the Changelly platform.

LocalBitcoins Nigeria

LocalBitcoins is a person-to-person bitcoin trading site which was launched in Finland but is now available in the various parts of the world. What makes LocalBitcoins different from other exchanges is the fact that it gives traders an opportunity to communicate directly with each other unlike other exchanges whereby buyers are matched with sellers manually. What happens with LocalBitcoins is that within the platform, you can place a purchase or sale announcement indicating the exact amount and the means of payment you accept, or you can find an advertisement that fits your needs, so you will always have options to exchange. The buying and selling process is very secure because when a trader replies to an advertisement, a trade chat is opened and escrow protection is automatically activated. Escrow protects both buyer and seller by keeping the bitcoins safe until the payment is done and the seller releases bitcoins to the buyer. The company only offer Bitcoin because it is borderless and independent of local political risks and it also enables financial inclusion in regions underserved by the traditional banking industry.