Most recommended CEXs (centralized exchanges) for Nigeria, sorted by ease of use, available features and trading fees.
Best exchanges for first time Bitcoin buy in Nigeria, ranked by ease of use, payment options, and lowest fiat (local currency) deposit fees.
Cheapest exchanges in Nigeria ranked by Spot and Futures trading fees.
These no-KYC exchanges support customers from Nigeria, have optional identity verification (KYC), and will not require using VPNs for trading.
Safest exchanges in Nigeria based on transparency, age, regulatory approvals, and security measures.
Simply create an account using our links below to apply a permanent trading fee discount. There are no other requirements, costs or downsides for you.
Simply create an account using our links below to apply a permanent trading fee discount. There are no other requirements, costs or downsides for you.
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Most recommended CEXs (centralized exchanges) for Nigeria, sorted by ease of use, available features and trading fees.
Best exchanges for first time Bitcoin buy in Nigeria, ranked by ease of use, payment options, and lowest fiat (local currency) deposit fees.
Cheapest exchanges in Nigeria ranked by Spot and Futures trading fees.
These no-KYC exchanges support customers from Nigeria, have optional identity verification (KYC), and will not require using VPNs for trading.
Safest exchanges in Nigeria based on transparency, age, regulatory approvals, and security measures.
Simply create an account using our links below to apply a permanent trading fee discount. There are no other requirements, costs or downsides for you.
Top recommended CEXs (centralized exchanges) in Nigeria, sorted by ease of use, deposit methods, fees, and overall features.
Best exchanges for first time Bitcoin buy in Nigeria, ranked by ease of use, payment methods, and cheapest fiat (Nigerian naira or other local currency) deposit fees.
To find more exchanges, use our feature filters below. For simple Bitcoin buying, you will need an exchange with "Spot Trading". You can also activate filters such as "Bank Transfer Deposits" or "Card Deposits", "P2P Trading", or even "Fiat Withdrawals".
Cheapest exchanges in Nigeria ranked by Spot and Futures trading fees (Maker is minimum fee, Taker is maximum fee per trade).
Safest exchanges in Nigeria based on transparency, age, regulatory approvals, and security measures.
Supports wire and card deposits – Fiat withdrawals – Over $6,500 in welcome rewards – Crypto ATM card – 500+ altcoins for staking – Over 2,000 altcoins listed for trading – Excellent Web3 wallet – Inscriptions marketplace – Lowest fees
Cheap fiat deposits and withdrawals – Beginner friendly with quick purchase and convert – Solid amount of quality mid-cap altcoins – $30,000 in signup bonuses – Reliable and trusted since 2018
World’s biggest exchange by volume – High liquidity on all trading pairs – Trading fee discounts with native token – Cheap fiat deposits – Reliable and trusted
Easy fiat deposits and withdrawals – Fee discounts for native token holders – Large selection of low-cap altcoins – beginner friendly interface – Savings & staking platform for earning interest on idle spot holdings
Very beginner friendly – Bank transfer, card, Google Pay, Apple Pay, PayPal and other fiat deposits & withdrawals – Staking and savings – Crypto debit card – Available in US and licensed in over 30 states – Safe and trusted
One of the oldest exchanges considered reliable and safe – Varied fiat deposits and withdrawals on P2P market – Flexible and fixed staking with 30+ assets and good APY – Easy to use – Very low fees
Registered and available in US – Direct fiat deposits through cards – 3rd party fiat deposit & withdraw with bank transfers and cards – Lots of staking & savings assets – $3,000 welcome bonus
Fiat deposit options including bank transfers, cards, Apple Pay – Easy fiat withdrawals in multiple currencies – Quick convert – Full TradingView integration – Gift cards – CS:GO skins marketplace – Lowest futures trading fees
Good volume but good liquidity – Many fiat deposit gateways including cards, Google Pay, Apple Pay – Lots of good small market cap altcoins – Optional KYC – High staking yields
Old and reliable – Aimed for professional traders more than beginner investors – Credit/debit card deposits – Bank transfer deposits and withdrawals – Basic staking
Easy buys with cards or bank transfers – Up to $8,000 in signup bonuses – Frequent large trading competitions – Very low trading fees – No mandatory KYC – Massive selection of low-cap altcoins
Lots of interest-earning assets available for staking and savings – Up to $6,200 bonus for new users – Quick convert for beginner traders – Large amount of cheap altcoins not listed on other exchanges
Over $5,000 bonuses for new users – Trade Apple, Netflix, Microsoft, Tesla and other stocks – Trade SPX, NASDAQ, and other indices – Trade commodities like gold or silver – No crypto withdrawal fees – Great selection of low-cap altcoins – No mandatory KYC
Quick swap and recurring buys – Many fiat deposit & withdrawal gateways – Large amount of altcoins – Optional identity checks – Very low trading fees
Fiat deposits through cards and bank transfers – Very high yields for many coins on flexible staking – High volume & operating since 2018 – Up to $1,000 in welcome bonuses – Cheap trade fees
Great for beginners – Easy deposits with cards or bank transfers – Debit Visa with cashback rewards – Highly regulated and reliable – Staking – Gift cards
Operating since 2015 – Good amount of altcoins – Easy card purchases through 7 different merchants – Deposits with bank transfers, Google Pay and Apple Pay
Prepaid virtual Visa available for nearly all countries – 3rd party fiat deposits and withdrawals – Non-mandatory KYC – Good number of altcoins on spot
Lucrative staking with high yields on idle spot assets – Sleek trading interface with beginner and pro versions – One of the oldest crypto exchanges – Available to most US users
Considered the best and easiest fiat gateway – Good for beginners – High fees unsuitable for frequent traders – Available in most countries – Debit spending cards
Zero fee bank transfer deposits for EUR, GBP, BRL – 40+ staking assets – Excellent trading interface – Good for beginners – 16 free trading bots – Low trading fees
Bank transfer & card deposits and withdrawals – P2P marketplace – Good staking yields – Optional KYC – Low liquidity – Very few futures trade pairs
Aimed at futures traders – High volume – Up to $5,000 in deposit and trade bonuses – No mandatory KYC
Up to $8,800 welcome rewards for new users – P2P marketplace – Has fiat deposits and withdrawals – Demo trading and quick convert suitable for beginner traders – Optional KYC
Good signup bonuses – Operating since 2018 – No spot trading, only futures – Fiat deposits and withdrawals – Trade stock indices, commodities and forex – Optional KYC
Good for basic spot and futures trading – Over $5,000 in bonuses for new signups – No fiat deposits or withdrawals – Optional KYC
Up to $5,000 in bonuses for new users – 3rd party deposits and withdrawals – Available in most territories including US & Canada – No KYC requirements
Vast list of low-cap altcoins – Often the first exchange to list new tokens – Only spot trading – No fiat withdrawals – No bank transfer deposits – Frequent airdrops & giveaways
Low volume – Spot only – No fiat withdrawals – Has card and bank deposits through multiple gateways – Plenty of low-cap altcoin gems – Optional KYC
Most services unavailable to international users – Only has spot trading – No USD trading pairs – No fiat deposits or withdrawals
There are 30 exchanges available to buy crypto in Nigeria. All of these CEXs will let you to buy Bitcoin, Ethereum, and other cryptocurrency coins and tokens in Nigeria.
In some cases, certain services such as margin trading, high leverage, staking, airdrops, or debit spending cards may be subject to regional availability. Use the provided filters and check each exchange to ensure the features you need are currently available in your region.
Exchanges with optional KYC are NOT listed here if they specifically exclude trading from Nigeria. Using VPNs for crypto trading from restricted countries or regions is possible, but should be done at your own risk.
You’ve discovered the ultimate resource to learn how to buy crypto in Nigeria. We’ll simplify the process and help you grasp the intricacies of crypto exchanges in Nigeria, ensuring secure and wise engagement with them.
To purchase Bitcoin or any other cryptocurrency, your first step is to register for an account on a crypto exchange. Our list features numerous exchanges available in Nigeria, and we’ll guide you through what to consider.
🏆 Best exchanges in Nigeria:
You can use any of the above top 5 exchanges to buy crypto in Nigeria. All have very low or zero fee deposits through cards or bank transfers in many local currencies, and are easy to use even for beginners.
This guide, coupled with our extensive filters, exchange reviews, and detailed information, will precisely instruct you on finding the perfect exchange tailored to your specific requirements. Let’s dive in.
Here’s a quick rundown or step-by-step instructions on buying bitcoin in Nigeria:
Buying your first crypto is straightforward and typically swift. However, it all begins with finding the right crypto exchange tailored to your needs. In this guide, we’ll equip you with the skills to pinpoint the top trading platform.
First-time buyers might feel overwhelmed by the plethora of options. If you prefer to skip the research, you can simply check out Best Nigerian exchanges for our list of recommended platforms.
However, if you have specific needs or preferences, our website provides a quick yet comprehensive overview of Nigeria crypto exchanges, allowing you to effortlessly compare various features and factors. Let’s delve into how to use it.
Our filters are invaluable for pinpointing what matters most to you. Here are some you should consider:
We also suggest trying out the “Low fees” and “Signup bonuses” filters. These display exchanges with the lowest fees in the industry, along with several platforms offering substantial welcome bonuses exceeding $1,000.
Pay close attention to our recommended thumbs-up markers too. We’ve highlighted a few top exchanges from our extensive list. These are the platforms our staff recommends for crypto buying or trading.
Ensure to explore all deposit methods and accepted currencies. While some exchanges solely accept crypto deposits, if you require fiat deposits (traditional currencies like NGN, USD or EUR), utilize “Bank transfer deposits” or “Card deposits” filters.
If USD or EUR options are unavailable, seek out large exchanges, typically offering a wider array of local currencies such as Naira for deposits. Alternatively, utilize the “P2P trading” filter to locate exchanges with peer-to-peer marketplaces. These platforms often support various payment methods and currencies.
Another valuable sorting option is by “Coins listed”. While irrelevant if you’re solely interested in Bitcoin or Ethereum, for those eyeing promising altcoins returns, finding an exchange with a broader range of listings is advantageous.
Altcoins, however, carry higher risk. First-time investors may want to limit themselves to Bitcoin or Ethereum until they grasp the crypto market better.
Identity verification is common across exchanges, though not mandatory on all. KYC offers added security in case of issues like a lost password. Some exchanges offer optional ID verification, which you can explore using our “No KYC” filter.
Most exchanges require ID verification, a straightforward process involving your name, address, and a photo of your ID, passport, or other identity document. This one-time step usually takes minutes. Once verified, you gain access to the exchange’s full range of features.
Some exchanges only allow cryptocurrency withdrawals. Use our “Fiat withdrawals” filter to ensure you can withdraw NGN, USD, EUR, or other local currencies directly to your bank account if necessary.
Consider our “Crypto ATM cards” filter to find exchanges offering prepaid debit cards. These standard Visa or MasterCard cards enable you to withdraw crypto as local currency from any regular ATM or use it for daily expenses at any merchant.
Some exchanges offer staking, savings, and lending options. Staking & Savings programs allow you to earn regular yields on your crypto holdings, akin to interest from a traditional bank.
Unlike traditional bank savings, crypto staking can yield significantly higher returns, often up to 20% annually, with no extra fees or restrictions, providing passive income on your crypto.
Similarly, “Crypto loans” on certain exchanges enable you to borrow using crypto as collateral or lend your cryptocurrency for a noticeable return without risking your assets.
Participating in crypto Airdrops and Launchpads or Launchpools allows you to earn free crypto. Doing so on centralized exchanges (CEXs) is entirely risk-free compared to on-chain.
Airdrops and launchpads function similarly to staking. Temporarily locking funds like USDT from trading grants an allocation of new crypto coins and tokens, an easy way to bolster your portfolio without risk, as assets are returned once the airdrop or promotion ends.
Fees for purchasing crypto on exchanges in Nigeria may include deposit fees, conversion fees, trading fees, or withdrawal fees.
We recommend using our links to register for exchanges. These links include special referral codes, often granting permanent trading fee discounts, additional deposit bonuses, or other perks. There’s never a downside, we assure you. For instance, our exclusive links offer up to 30% fee discounts on select exchanges, a substantial benefit.
We intentionally exclude exchanges charging account management or maintenance fees from our listings. Holding crypto assets on any Nigerian exchange featured on our site is fee-free.
Cheapest exchanges in Nigeria:
MEXC |
WhiteBIT |
Gate.io |
Binance |
KuCoin |
|
|---|---|---|---|---|---|
| Spot Maker Fee | 0.05% | 0.1% | 0.1% | 0.1% | 0.1% |
| Spot Taker Fee | 0.05% | 0.1% | 0.1% | 0.1% | 0.1% |
| Futures Maker Fee | 0.01% | 0.01% | 0.015% | 0.02% | 0.02% |
| Futures Taker Fee | 0.04% | 0.035% | 0.05% | 0.05% | 0.06% |
| Native Token Discounts | |||||
| Cexfinder Link Fee Discount | 20% | 10% | 10% | ||
These cheapest exchanges are highlighted based on average spot and derivatives fees, deposit and withdraw fees, and additional fee discounts available. Our fee comparison page has a comprehensive and easy comparison of trading fees on all exchanges.
Numerous popular crypto trading apps and financial services levy high trading fees, some nearing or surpassing 1%, along with account dormancy fees for inactive traders. None of these exchanges or platforms are listed here. In fact, the highest trading fees on exchanges listed on our website are capped at 0.2%.
Frequent crypto traders should seize every opportunity for reduced fees and additional bonuses. Here’s how:
Finding a safe exchange in Nigeria is straightforward with our rigorous review process and stringent listing criteria. Every exchange featured on our site undergoes thorough evaluation to ensure safety and reliability.
Safest exchanges in Nigeria:
Binance |
Bybit |
CEX.IO |
Bitfinex |
Crypto.com |
|
|---|---|---|---|---|---|
| Launch Date | 2017 | 2018 | 2013 | 2012 | 2019 |
| Proof of Reserves | |||||
| Regulatory Compliance | |||||
| Reputation and Reliability | |||||
| Asset Safety and Trust | |||||
| Account Security | |||||
| Cexfinder Rating | |||||
These Nigeria safe crypto exchanges are highlighted based on factors included in the table, and other safety and security aspects. Our safest crypto exchanges page has a more comprehensive list of safest trading platforms.
Activate High Safety, Regulated or Proof of Reserves filters to view safest, regulated or exchanges with Proof of Reserves in Nigeria.
In our reviews, we prioritize security features, regulatory compliance, transparency, and user feedback to identify the safest options.
Additionally, our filters help identify the safest exchanges in Nigeria:
While many exchanges aren’t listed on our site, it doesn’t imply they’re unsafe, but they might not meet our listing standards due to high fees or limited coin offerings.
Our team of experienced traders and investors stays updated on the latest crypto exchange news, ensuring awareness of any potential risks or developments.
Follow these basic safety tips to enhance security when using crypto exchanges:
Consider using hardware wallets or decentralized wallets for added security, but these options require a deeper understanding of the crypto space and may not be suitable for beginners.
Diversifying your assets across multiple exchanges can help mitigate risks, but invest only what you can afford to lose, considering the volatile nature of cryptocurrencies. Opening accounts on exchanges we recommend is free, offering a risk-free way to diversify your portfolio.
Keeping your crypto exchange accounts and funds safe involves vigilance and proactive measures. Read this guide and follow these tips to significantly reduce the risk of unauthorized access and keep your assets secure.Read Now
In Nigeria, the legal status of cryptocurrencies is not fully defined. The Central Bank of Nigeria (CBN) does not recognize cryptocurrencies as legal tender. However, no specific regulation in Nigeria has declared cryptocurrency trading illegal or criminalized it, yet.
The Nigerian government has been active in defining its cryptocurrency regulation, especially considering the country’s tech-savvy and pro-blockchain youth population who are eager to adopt digital assets.
However, starting in early 2024, Nigeria’s government has been taking some steps towards potentially banning crypto exchanges and digital currencies in efforts to prevent rapid depreciation of Naira. It’s important for Nigerians to stay up to date for any government crackdowns on exchanges and crypto trading.
Despite the Central Bank of Nigeria’s non-acceptance of cryptocurrencies, there is no law criminalizing engaging in crypto trading. In February 2021, the CBN banned commercial banks in Nigeria from engaging in any cryptocurrency transactions. This was done in a bid to protect citizens from black market criminal and fraudulent crypto activities. However, crypto trading is not illegal in Nigeria. Today, crypto traders in Nigeria trade bitcoin and other cryptocurrencies through peer-to-peer (P2P) exchanges.
In terms of taxation, the Finance Act of 2023 introduced a series of tax reforms aimed at modernizing the country’s fiscal framework. Among its provisions was the introduction of a 10% tax on gains from the disposal of digital assets, including cryptocurrencies.
Make sure to always contact a local legal or tax expert for reliable first-hand experience regarding crypto trading or buying.
After completing your first cryptocurrency purchase in Nigeria, explore various paths based on your interests and investment strategy:
Long-term investments:
Consider trading:
Staking and earning interest:
Engage in the cryptocurrency community:
Diversify your portfolio:
Explore additional opportunities within the cryptocurrency ecosystem:
Discover DeFi (Decentralized Finance):
Learn about NFTs (Non-Fungible Tokens):
Engage with DAOs (Decentralized Autonomous Organizations):
Explore crypto mining and validation:
Utilize crypto for payments:
Discover decentralized exchanges (DEX):
Consider yield farming and liquidity mining:
Participate in token launches, ICOs, and airdrops:
When purchasing cryptocurrency in Nigeria, it’s essential to consider several factors to ensure the chosen platform meets your needs and preferences. Here’s a summary of key points to remember:
Purchasing crypto in Nigeria involves registering on a crypto exchange and funding your account via bank transfers, credit cards, or peer-to-peer trading. Choosing a reputable exchange is crucial for investing in Bitcoin, Ethereum, or other cryptocurrencies.
Our Nigeria crypto exchange guide provides detailed instructions on finding the best exchange in the country and purchasing your first Bitcoin. All exchanges listed have undergone rigorous review and are deemed safe for use.
By following these guidelines and utilizing available filters, you can discover a cryptocurrency exchange in Nigeria that offers a combo of convenience, security, and cost-effectiveness. While our recommendations are based on thorough evaluation and regular updates, conducting your own research and due diligence is advisable before making financial decisions.
We sincerely hope our guide has been beneficial for your first Bitcoin purchase in Nigeria. If you have any inquiries or feedback, feel free to contact us for assistance, as our staff is always happy to help.
We reviewed all 30 available crypto exchanges in Nigeria and compared many factors: deposit and withdrawal options, trading fees, ease of use, available features, asset safety, staking yields, number of coins listed, volume, security, new user bonuses, and more.
As a result, we compiled this list of best crypto exchanges in Nigeria:
There is nothing this exchange doesn't have. Many deposit options and extremely low fees (with our 20% referral discount too) make Gate one of the best Nigeria crypto exchanges for beginner investors.
Gate has an enormous amount of options, and there is no feature you won't find here, from staking, web3 wallet, prepaid debit cards, Inscriptions and NFT marketplace, the list goes on.
This exchange also has over 2200 altcoins listed, taking portfolio diversification to a whole new level. On top of this, there's also up to $5,500 in welcome rewards for new users up for grabs.
Bybit is an excellent all-around exchange suitable for all kinds of traders. It has beginner-friendly purchase options in multiple local currencies and through several different payment providers.
Excellent liquidity, over 400 crypto coins and tokens listed, and frequent trading competitions make Bybit also the most popular trading platform for experienced crypto day traders.
We definitely recommend signing up for Bybit if you want to try your hand at crypto trading in Nigeria. To incentivize your journey even more, signing up through our link can get you over $30,000 in exclusive signup bonuses.
Binance is the world's biggest exchange. It provides a top tier user experience, very customizable trading interface, and an entire array of financial services.
For first time Bitcoin buy in Nigeria, Binance will provide a smooth no-fee deposit through several different payment providers, accepting credit cards, debit cards, or bank transfers. The exchange also provides a zero fee quick conversion, making your first crypto purchase as cheap as possible.
For more experienced traders, Binance offers a wide range of trading and charting options, over 400 altcoins, and very cheap fees when using their native token to pay for trading fees. Don't miss using our signup link for another permanent 10% fee discount.
KuCoin is yet another beginner-friendly CEX in Nigeria. This has been a reliable exchange since 2017, and has easy fiat deposits through bank transfers and bank cards.
One of our favorite things about KuCoin is the curated selection of cheap altcoins to invest in. If you wish to diversify your portfolio and buy coins that often aren't available on other exchanges yet, this is the place to do it.
KuCoin also has good returns on their savings program, allowing investors to earn passive income by holding certain coins on the exchange. You can also reduce your trading fees by using their native token, and get an extra 10% off with our referral link.
CEX.IO is a trusted beginner-friendly exchange with many deposit and withdraw options, and very fair fees. On top, it's also highly regulated with over a dozen licenses in United States, and several other countries.
The platform doesn't have the greatest volume or a massive altcoin selection. However, it makes up for it with its ease of use. This is one of the simplest exchanges for first Bitcoin purchases, and even complete beginners will easily be able to make their first buy.
This trusted platform also has staking with excellent yields, a crypto debit card, decentralized wallet, and a comprehensive learning and education center to help you get started with crypto investing.HTX is one of the highest regarded exchanges for new crypto buyers. It provides many deposit options, with an easy to use interface suitable for first time buyers.
As one of the oldest exchanges launched way back in 2013, it's also considered safe and reliable. It has over 700 coins listed, and some of the lowest trading fees in the market (with extra 20% reduction when using our signup link).
With good staking yields on HTX, you can also earn up to 20% yearly interest just by holding certain coins on this exchange. This makes HTX a premier platform for active trading, but also safe long-term holding and passive income.
BitMart may not be the most popular exchange, but we're betting this is going to change in the future. It's available and licensed in the United States, and supports local currency deposits through several different payment providers.
You can use standard ACH or SEPA bank transfers or credit cards, but also Google Pay, Apple Pay, and more. The first purchase experience on BitMart is very smooth, making it an excellent CEX to buy crypto in Nigeria.
With over 1150 coins listed and lucrative staking and savings returns, BitMart happens to be an excellent place for investors of various appetites. New users can grab up to a $3,000 welcome bonus.
WhiteBIT provides many deposit options, with cheap fees and quick convert suitable for first time crypto investing. This is overall an underrated exchange, but one that's also trying to make its mark with several unique features.
Several things make WhiteBIT stand out from the pack. The exchange offers gift cards, letting you easily gift crypto to friends or family. There's also a CS:GO skins marketplace, allowing gamers to convert their virtual items into cryptocurrency.Bybit users will feel right at home on XT. A familiar interface, but with lower fees and no identity verification requirements make XT an excellent alternative to Bybit exchange.
Perhaps not just an alternative, though, but a serious contender. Multiple fiat deposit gateways let you easily convert local currency into crypto. You can also use the peer-to-peer marketplace to purchase crypto with Revolut, Skrill, Neteller, Wise, Payeer, Zen, and other payment methods and services.
XT also offers very good staking yields on a lot of popular digital assets. To top it all off, signing up through our referral link gives you a permanent 20% fee discount.MEXC is a very large exchange that has been growing rapidly in the last few years. Part of the reason might be its ginormous 2900+ coins listed, which takes altcoin investing to a whole new level.
This crypto exchange of course allows customers from and operates legally in Nigeria, but users who value their privacy will be pleased to know it does not enforce KYC (identity verification).
MEXC mostly aims to get experienced derivatives traders, with its low fees and frequent lucrative trading competitions. But, it does not neglect to provide a top notch new user experience with easy deposits, quick conversion feature, and deposit bonuses up to $1,000.
You can use any of these exchanges to buy crypto in Nigeria. Lots of new investors don't care of even understand all the options and features available on CEXs (centralized exchanges). The options can truly be overwhelming, and new buyers simply want an easy and safe purchase experience to get their first Bitcoin.
These 10 best exchanges in Nigeria are selected and ranked by variety of deposit options, proven track record of funds safety, transparency of holdings and customer assets, regulatory compliance, staking yields, number of coins listed, trading volume, trading fees, ease of use, and several other factors. All have low or zero fee deposits through cards or bank transfers in many local currencies, and all of them are servicing clients in Nigeria.
If you need even more exchanges, you can look at ones without identity verification requirements in our No KYC category. Some of these no-kyc exchanges might not officially service customers from Nigeria, but can be accessed through VPNs, and will not enforce identity checks.
