Looking for a reliable platform to start trading crypto in Nigeria either as a beginner or a pro trader?
Then you are not alone.
I’ve tried several platforms to exchange and trade crypto for profits in Nigeria.
And you know what?
While some platforms were seamless to use and offered sufficient tools to make profit from the crypto market, others were just frustrating and I had to stop using them.
So, in this post, I want to highlight a few crypto platforms that Nigerian crypto traders can use, whether as newbies trying to learn about crypto or as pro traders looking for new platforms to expand their crypto business.
Let’s see some of them.
Bybit
Bybit is one of the best crypto trading platforms to use in Nigeria. They offer p2p exchange, spot trading, and other crypto features to make money.
Bybit has also evolved from being just a trading platform to a financial technology for online entrepreneurs in Nigeria to leverage on.
For example, they offer a virtual USD card feature for Nigerians to use in making international payments from their Bybit asset balance.
And apart from that, users can earn interest on their fund balance in the Bybit platform by subscribing to programs like the Bybit Earn.
So, if you are looking for a crypto platform that looks like it was made for Nigerians, then Bybit is a good choice.
OKX
OKX is a very good crypto trading platform for Nigerians looking for speed and localized trading features.
OKX offers support for Naira via p2p exchange and Naira wallets, which eases entry for Nigerian traders.
Also, they have a wide range of features to earn money, such as staking and liquidity swaps.
In general, OKX is a great alternative for a global crypto platform with strong local support.
Bitget
I consider Bitget to be the perfect alternative to Binance in Nigeria. They have a global appeal, and still have local functionalities for Nigerian crypto traders. So, fair enough.
Bitget features a safe p2p trading platform that thoroughly vets exchangers for safety, as well as other beginner-friendly tools such as demo trading for learning and copy trading for trade aggregators.
If you are looking for a balanced and safe crypto trading platform with a global appeal to start trading crypto in Nigeria, then Bybit is a good choice.
Binance
Binance is regarded as the largest crypto trading platform in the world, with over 500 cryptocurrencies listed.
Despite its recent issues with the Nigerian government, and the discontinuation of its p2p feature for Nigerians, Binance still enjoys strong patronage from Nigerian users.
The platform offers a lot of reward programs, airdrops and crypto staking opportunities for users to earn.
So, despite not having a p2p feature for Nigerians, experienced traders will find the platform more robust and rich in terms of the number of trading opportunities, and tools for pro trading.
Quidax
Quidax is more of a crypto exchange platform than a trading platform. However, they offer opportunities to make money with crypto such as:
- Crypto Investment
- Crypto Trading
- Inter-platform Crypto Exchange
- USDT Savings
- Crypto Transfers (Send & Receive)
- Crypto Business
It’s best suited for crypto beginners who want a straightforward way to buy, sell, hold, invest, and transfer crypto without the hassles that come with it.
However, there is no way to trade the markets. Quidax offers a similar service as Patricia, which is a popular crypto exchange brand in Nigeria.
Apart from crypto exchange, Quidax also offers Naira wallets for users to hold a balance pending when they decide to exchange it for crypto, and they get to earn an interest on their Naira balances.
Smooth eh?
Luno
Luno offers a similar service as Quidax, targeting beginner crypto users who want to get a first-feel of the crypto industry.
With Luno, you can deposit Naira towards buying your favorite crypto, receive crypto, exchange crypto for Naira, and hold crypto funds to earn interest via the Luno Earn feature.
This is perfect for crypto enthusiasts who do not want to deal with the risk of p2p in exchanging their crypto, instead preferring a trusted crypto vendor who might even offer better exchange rates.
Kucoin
Kucoin is a top-tier crypto trading platform that could be a reliable complement to popular platforms like Binance and Bitget in Nigeria.
Kucoin boasts a rich bouquet of cryptocurrencies, with over 700 crypto projects active on the platform.
I’ve observed that Kucoin tends to list some cryptos that might not be available on other popular crypto platforms, little wonder most traders use it to enjoy access to a wider range of crypto trading options.
Good thing is, Kucoin offers a very secure p2p trading platform to quickly deposit funds and start trading ASAP.
They also offer users a USD virtual card that can be funded directly from their USDT balance, powered by Visa.
If you’re already active on other crypto trading platforms and just want to widen your horizon, then Kucoin would be ideal.
MEXC
MEXC is considered one of the top 5 crypto platforms in the world with over 10 million users registered on the app.
Their selling point is their extremely low fees, which is attractive for emerging markets like Nigeria.
Even though their p2p trading feature is not as robust as some of the aforementioned platforms for Nigerians, they offer other funding options such as debit cards, coin conversion, and bank transfers.
For Nigerian crypto traders, this could just be another crypto platform to complement the offerings of other more popular platforms and create access to more crypto trading options.
CoinEx
CoinEx is popular for providing traders with AI-supported tools for mining and analytics.
They are also big on trader education, through the CoinEx Academy, which is necessary to help beginner traders build their trading skills and access tools for optimizing their trades.
Apart from the automated tools for trading and swapping tokens, they offer a unique CoinEx wallet and their own native token, CET, which can be used to access discounts and other rewards on the platform.
BingX
BingX is not just a crypto exchange, they are enabling the next generation of crypto trading with Web3 tools and AI automation.
As a customer-centric crypto platform, BingX is prioritizing trader education and social trading, which focuses on creating a culture that accelerates access to trading information for all.
More so, they are the official crypto exchange partner of Chelsea Football Club, which adds to their credibility especially among Nigerian football lovers.
They are pioneering auto/bot trading features via algorithmic innovations like ALGOGENE, which many consider the next phase of professional trading.
BingX is useful for both beginners who want to learn about trading, access tools for automating trades, and trade alongside others via copytrading.
Pro traders looking for next-gen trading tools will also find the platform interesting.
