Moreover, Koyn’s customer support is responsive and reliable 24/7, ensuring that any issues are addressed promptly. In conclusion, Bitcoin has become very popular in Nigeria and the need for reliable and safe platforms to buy and sell them is increasing. It’s always important to do your own research and ensure the platform you choose fits your needs, even though the apps listed above are considered the best in the market. It’s also important to note that the cryptocurrency markets are highly volatile, and you should always invest wisely and only use funds you can afford to lose.
My work focuses on informative news, industry trends and research explaining the crypto industry to a wide range of readers. According to Crunchbase, the exchange operates in Europe, the Middle East, and Africa and has about 100 team members. Purchasing Crypto in Nigeria can be an uphill task for beginners who are not conversant with how cryptocurrency works and do not own any stablecoin. The best app for Nigerian Bitcoin traders is BDSwiss, Exness, HF App, FBS Trader, FXTM Trader, Binance App, and others.
- If you have ever maintained a stock brokerage account, you should find bitFlyer intuitive.
- To buy bitcoin safely in Nigeria, the first thing to do is buy from a registered crypto exchange that has an approved license.
- 👉 A significant majority of Bitcoin brokers lack any form of technical support personnel.
Its acquisition by Binance Sell bitcoin in Nigeria in 2019 significantly expanded its capabilities and reach. Before flagging, please keep in mind that Disqus does not moderate communities. Your username will be shown to the moderator, so you should only flag this comment for one of the reasons listed above. Bitcoin’s price is currently at $20,232 as of November 8, 2022, which is partly because of the economic downturn. However, many crypto investors continue to hope for a higher bitcoin price.
Top 7 Most Trusted Apps to Sell Bitcoin in Nigeria Secure and Fast
The huge population of youths in Nigeria has immensely contributed to this widespread adoption. Initiate a Crypto TradeSelect the “Trade Crypto” option in the app. Choose the crypto wallet and protocol required for your transaction. Our service operates with some of the highest maximum amounts and the lowest minimums on the market. Bitmama offers its products and services in partnership with licensed transmitters in their respective jurisdictions. Tell us what you are trading for, either Bitcoin, Ethereum or Gift cards, if you are selling your Gift Cards to us please specify the type of the card.
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Both the basic and Tradeview platforms provide access to the same order types. 👉 Binance is active in every element of the cryptocurrency ecosystem. Its ingenuity has made it one of the most popular cryptocurrency exchanges, and the effort of Binance’s engineers and community members assures the platform’s continued improvement. 👉 OKX provides 400+ trading pairs and enables you to convert money to cryptocurrency through Apple Pay, Visa, Mastercard, bank transfer, Alipay, WeChat pay, etc. 👉 OKX is a 2014-founded cryptocurrency exchange situated in Malta that serves millions of customers in more than 100 countries. OKX also provides spot trading, futures trading, and derivatives trading in addition to cryptocurrency trading.
Bitcoin is a notoriously volatile commodity; even the most experienced traders can lose their entire investment on a few poor deals. 👉 Seasoned traders use cryptocurrency trading bots to implement their strategies since they can execute complicated trading plans more quickly and reliably than humans. 👉 Muslim traders may anticipate spreads as low as 0.9 pips and a robust trading platform.
- At My Ecurrency Nigeria, we provide our customers with quality rates and stress free transactions.
- Cash app is a payment app that allows users to send money to friends and family or pay vendors and merchants.
- There are no hidden fees or surprise deductions after completing a transaction, allowing users to confidently plan their conversions without scare added expenses.
- However, many crypto investors continue to hope for a higher bitcoin price.
- Earlier in March this year, the Nigerian government tightened crypto regulations, resulting in the removal of P2P trading and Binance.
The app also features a live market price tracker, which allows users to stay up-to-date with the latest Bitcoin prices. In addition, NairaEx offers a user-friendly interface, making it accessible to both experienced and new users. NairaEx is a great option for those looking to buy and sell Bitcoin in Nigeria. Breet App is the most popular cryptocurrency trading app in Nigeria. It is automated, easy to use, rapid, secure, and delivers Nigeria’s best crypto rates. Another thing to look out for when choosing a platform to sell bitcoin is its social media presence.
Top 5 crypto apps that work with Nigerian Bank accounts
Quidax stands out as a reliable, user-friendly option for Nigerians in the cryptocurrency market, balancing occasional speed issues with significant benefits in accessibility and security. In 2019, Quidax expanded its services with a peer-to-peer platform and a partnership with Flutterwave, simplifying fiat transactions. Despite occasional feedback on transaction speeds, its high rating on the Google Play Store reflects user satisfaction with its functionality, security, and cost efficiency.
It has been operating in Nigeria since 2017 and is known for its user-friendly interface and fast transaction processing times. 👉 Poloniex, a Delaware-based cryptocurrency exchange and service provider, was founded in 2014. The exchange supports a comprehensive range of cryptocurrencies and offers very affordable trading costs.
Coinbase is now accessible in Nigeria and 24 other African countries, expanding its comprehensive exchange services to a broader audience. For 13 years, the platform has continued to simplify the process of converting fiat currency into cryptocurrency. They are trusted and reliable and offer an excellent exchange for your bitcoins. Advanced traders will appreciate OKX’s maximum 20x leverage and variety of futures contracts. But beginners can also take advantage of their user-friendly mobile app, 25+ tutorial videos, and dedicated 24/7 customer support. In Nigeria and beyond, OKX continues to prove itself a reliable long-term investment.