Do you want to buy cryptocurrency like Litecoin, Etherium, Bitcoin cash, Dashcoin, Ripple, IOTA etc? But don’t know where to go?
Don’t worry this article will list out the various cryptocurrency exchange in Nigeria – where you can easily buy and sell your crypto’s.
Just to be clear what is Cryptocurrency? These days’ people often think Bitcoin is totally different from cryptocurrency. Which of course is not true because they are all the same thing.
Cryptocurrency is a digital asset design to work as a medium of exchange and of course using cryptography to secure its transactions. It also controls the creation of additional units and it verifies the transfer of assets.
Bitcoin, on the other hand, is first of its kind of all cryptocurrency, like the firstborn. It serves as a gold standard among all cryptocurrencies, just like US dollar in the modern economy.
While bitcoin being the boss we have other cryptocurrencies popularly referred to as Altcoins (alternative coin)
Without boring you, here is your list of Cryptocurrency exchange in Nigeria to buy and sell your altcoins:
Changelly is a fast cryptocurrency exchange. Their service is one of the longest track records that offer the best rate in cryptocurrency exchange. It is located in Prague, Czech Republic and their service cut across worldwide.
Changelly allows you to exchange cryptocurrency for another. It also allows you to easily buy cryptocurrency with credit/debit card. Although they charge a bit high for credit cards, it’s however, better to exchange with Bitcoin and other altcoins.
Indacoin is an exchange that offers a fast and easy way to purchase cryptocurrency without being verified or creating an account.
It’s a London based exchange site that allows users to purchase cryptocurrency with credits card, perfect money, Bitcoin, Payeer and few other means. They offer transactions as low as $1.00 and transactions typically take few minutes without any registration.
Binance is an exchange site known for fast processing speed and its ability to process a large volume of transaction. Binance is headquartered in Shangai but their service is available worldwide. They are popularly known for their fast service.
Their deposit fee is free and trading with them is charged for 0.1%. Binance is one of the top exchanges in the world if not the best in 2018.
Bitfinex is probably the world biggest bitcoin exchange in terms of volume. However, the site was hacked in 2016 loosing around $72million and even at that they manage to handle the situation as best as they could and they are back and better.
Bitfinex is a reputable exchange company known for strict security measure. All users should expect strong verification on bitfinex and a little high transaction fee.
NGexchanger is an indigenous exchange site in Nigeria where you can easily buy altcoins very fast. However, you should know that you will be required for verification before you can do any transaction on NGexchanger.
This is probably the top local cryptocurrency exchange in Nigeria. Their service precedes them and they are known for their good customer support. You can either contact them online or walk straight to their office. They are located @ 20 Mbonu street, Port Harcourt, River state Nigeria.
Paxful is a peer to peer cryptocurrency marketplace that allows users to connect with each other when selling and buying cryptocurrency. One of the good thing about Paxful is that they offer more than 300 way to buy cryptocurrency and buyer is never charged a fee.
It’s an easy to use platform and in most cases, your cryptos show up in your e-wallet instantly. In addition, users should know that rates of buying cryptos on Paxful are determined by the seller.
Luno is another exchange site that is expanded to over 42 countries Nigeria included. They offer an easy and fast way to buy cryptocurrency with credit/debit card.
In the meantime, Luno platform only supports buying and selling of cryptocurrencies like bitcoin and Ethereum. Probably in the nearest future, they will increase their service.
Localbitcoins, unlike other exchange sites, allows you to deal directly with humans by connecting buyers and sellers together. It allows users to look for seller close by and reach out to them if their terms and rates appeal to them.
Users can either agree to meet to do their transaction face to face or through online banking. Interestingly localBitcoins can support whichever payment methods both party agrees to use. They also offer escrows or transaction service to protect the buyers.
Remitano just like localBitcoins is an exchange platform that uses an escrowed system of transactions between buyers and sellers. That is, they serve as middlemen that facilitates the transaction between both parties.
Unlike LocalBitcoins, Remitano sells cheaper and offers 24/7 customer care support.
Poloniex is a cryptocurrency exchange based in the United States and one of the diverse crypto exchanges in the world. They provide excellent liquidity for altcoins which can be traded against bitcoin.
Account creation and verification are quite simple with Poloniex and when completed users can withdraw limit of $2000.
This List is subject to Update, the reason being we are constantly thriving to inform our readers about the best platform when it comes to the dealings of cryptocurrency. Dealing cryptocurrency carries a significant amount of risks. So we tried to list some of the best exchange platforms our readers can use.
Even at that, if you have any recommendation or suggestions as regards to this let’s hear it in the comment box below. Sharing this will also go a long way with us. Thanks.