On this site you find the best cryptocurrency trading sites in Nigeria. Can Bitcoin Brokers be used in Nigeria – Is Cryptocurrency Trading legal? Bitcoin and cryptocurrencies are so far neither legal nor illegal in Nigeria. Rather, there is still no clear legal situation or regulation. NairaEx is a leading Nigerian Bitcoin exchange where you can buy and sell Bitcoin, Litecoin, Bitcoin Cash, Ethereum and Perfect Money with Naira at best rate. NairaEx | Best Bitcoin Exchange in Nigeria. While people have been using gold as a medium of exchange for 5, year, since ancient bitcoin trading sites in nigeria South Africa Mesopotamia bitcoin investment sites in nigeria South Africa if not earlier, bitcoin is a much more recent affair Data retrieved from Usefultulips, a BTC analytic data provider, reveals a significant amount of.
Bitcoin trading sites in nigeria9 Exchanges to Buy Bitcoin & Crypto in Nigeria ()
Luno also offers an Instant Buy feature. We may receive compensation when you use Luno. Please visit Luno for its exact pricing terms. Founded mid, Kraken is the one of the world's largest cryptocurrency exchanges, and the largest in Europe based on daily average trading volume.
It is available in almost all countries. LocalBitcoins is an escrow service which also helps to match bitcoin buyers and sellers. Users may advertise trades for whichever payment method they prefer. Buying bitcoins via an in-person meeting, secured and facilitated by LocalBitcoins, may be one of the fastest and most private ways to buy bitcoins in any country, including the United States , Europe besides Germany , UK , Singapore, Canada , Australia and many more.
We may receive compensation when you use LocalBitcoins. Please visit LocalBitcoins for its exact pricing terms. NairaEx is the largest Bitcoin exchange in Nigeria. Its customers can purchase bitcoins with Perfect Money, bank transfer or with cash via bank deposit. BitPesa is a Bitcoin remittance company. BitPesa also has a presence in 2 other African countries. In Nigeria, you can use BitPesa to buy bitcoins with your debit card or Paga account.
Purchase method for Kenya is coming soon. You can use our Bitcoin ATM map to buy bitcoins with cash. Bitcoin ATMs can be a quick and easy way to buy bitcoins and they're also private. While Luno or NairaEX will let you do this, their interfaces are similar to Coinbase in that they're geared toward retail investing rather than trading.
Additionally, liquidity may not be great enough on these smaller exchanges to avoid slippage, which will cut into your profitable trades and magnify your losses. The best platforms for trading are the large exchanges with global coverage. These exchanges list hundreds of asset pairs, have deep orderbooks, and are less prone to downtime than smaller operations. You may find CoinMarketCap's ranking of exchanges by overall liquidity useful when deciding where to take your business.
In addition to Binance - whose offerings tailored to Nigerian customers we went through above - some good choices of exchange are Kraken , Bitfinex , and Coinbase Pro. All of these exchanges will provide you with a customizable trading interface, complete with all the tools and indicators you could need to maximize your chances of trading profitably. We've compiled a list of the best Bitcoin exchanges in Nigeria, from locally-operated exchanges to worldwide market leaders with especially good offerings for Nigerian users.
NairaEX touts itself as "Nigeria's Premier Bitcoin Exchange" and it is indeed the only Nigeria-based exchange currently open for trading. There are no additional trading fees for buying or selling on NairaEX. Instead, fees are baked into the price of the asset. You can see the current spread on NairaEX's homepage.
One major benefit of NairaEX's setup is that it is a non-custodial exchange. This means that your assets are not held in a centralized wallet, which are prone to hacks, but instead are sent directly to your own wallet once the transaction has been processed. Their official blog has a helpful post outlining the differences between Bitcoin and Perfect Money for those unfamiliar with both e-currencies.
Luno was originally launched as BitX in and since then it has grown to be a player in some niche markets around the world. Deriving most of its volume from South Africa, Luno is also popular in Nigeria and has recently expanded to service Bitcoiners in Uganda too. Add to this list Europe, Indonesia, and Malaysia, and you've got yourself an exchange worth considering.
Luno aims to provide a competing service to Coinbase , and has made its offerings available in many countries not served by the larger exchange. Since our original in-depth review of Luno , they've added support for Litecoin , which along with Bitcoin, Ethereum, and XRP are available for trading.
Notably, Luno allows you to purchase crypto using a credit card. You can deposit and withdraw directly to a bank account. Luno also offers Paystack and PayU deposits for Nigerian customers. These fees are very competitive compared to other exchanges. This puts it in rd place out of in Nomics' review of exchanges by liquidity and transparency. Luno boasts a clean trading interface in the same style as most, meaning you shouldn't have much trouble switching over from a different exchange.
You can trade on the Luno app, which is available for iOS and Android. And if you want to withdraw the money they want personal information for withdraw. Notify of. Trusted Forex Broker. This article has been published from a wire agency feed without modifications to the text. Deposit Rating Binary option robot. We recommend buying with Bitcoins if you wish to remain anonymous in your purchase is crypto trading legit South Africa or bitcoin trading sites in nigeria Singapore want additional privacy.
People are worried about sharpe ratios and all bitcoin trading sites in nigeria Singapore this BS stuff. They also have a fairly comprehensive Risk Management section which explains to traders how to best mitigate option trading training Malaysia their risks while trading.
The majority of brokers will offer this facility, as it gives bitcoin trading sites in nigeria Singapore them a chance to demonstrate their platform. What do I have, to Lose? Good customer support. Save my name, email, and website in this browser for the next time I comment. Demo accounts are available if you'd like to test-drive the Olymp Trade platform.