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Nigeria’s crypto scene is making a lot of noise. The kind you can’t tune out even if you try. In 2024, Nigeria climbed to second place globally for crypto adoption, with over $59 billion worth of digital coins changing hands in just one year. Much of that came from small, everyday transactions; people trading, saving, or sending funds to loved ones.
The momentum isn’t slowing down. The market is expected to pull in over $2.5 billion by 2026. So it is never too late for newer traders to ride the wave, but the first step is choosing the right exchange. To help you with that, I’ve compiled the 7 top crypto exchanges in Nigeria.
What Are the Best Crypto Exchanges in Nigeria?
1. Prestmit
Prestmit is the go-to platform for anyone serious about fast, stress-free crypto trading. Do you want to sell Bitcoin for cash at 2 AM? Prestmit operates round-the-clock to process your transaction and get paid immediately.
What sets Prestmit apart is its speed and reliability. Traders love the instant payouts. Plus, it works across Nigeria, Ghana, and beyond. With an automated Bitcoin rate calculator, you will always know exactly what you’re getting—no surprises.
The platform has simple interface that is easy to navigate. If you have any issues, 24/7 responsive support is available to help. The platform is available on the web, and its app is available for download on the Google Play Store or Apple Store.
Key Features:
- Low trading fees
- Naira and gift card payout options
- Transparent, competitive rates with a built-in calculator
- 24/7 customer support to resolve queries
- Supports Bitcoin, USDT, and other popular cryptocurrencies
- Advanced security for secure logins and transactions
- Fast payouts
2. Binance
Binance is the world’s largest crypto exchange with daily trading volume. isn’tassive liquidity, low fees, and a seemingly endless list of coins. While the exchange has removed direct Naira deposits and withdrawals from its main exchange, Nigerian traders can trade via Binance P2P marketplace. It is simple, fast, and effective.
The P2P platform has become a lifeline by cutting out intermediaries. Sure, the platform’s many features can be overwhelming at first. But once you get the hang of it, you unlock powerful trading tools, staking options, and a global crypto community.
Key Features:
- Huge range of supported cryptocurrencies
- Peer-to-peer (P2P) marketplace with flexible payment methods
- Low trading fees (from 0.1%)
- Secure wallet with two-factor authentication (2FA) and escrow protection
- Advanced charts, futures, and trading tools
- Built-in staking and savings products
3. KuCoin
KuCoin is known as the “people’s exchange” for good reason. It strikes the perfect balance between Binance’s massive, sometimes overwhelming lineup and those tiny exchanges with barely anything on the menu. It’s where traders hunt for the next big altcoin before everyone else catches on.
In mid-2023, KuCoin made NGN-to-USDT deposits super convenient through a verified partner. But in 2024, regulatory hurdles temporarily paused these features. No worries, though; KuCoin promises they’re working hard to bring them back.
Despite these hiccups, KuCoin remains a favorite for those who value variety and flexibility. Its wide coin range and solid features keep it competitive. If you love exploring new crypto gems, this is your playground.
Key Features:
- Lists 700+ cryptocurrencies, including new and trending coins
- Peer-to-peer (P2P) marketplace with multiple payment methods
- Competitive trading fees (as low as 0.1%)
- Multiple advanced order types for experienced traders
- Secure wallet with two-factor authentication (2FA) and escrow backing
- Built-in staking, lending, and futures trading options
4. Luno
Luno waz was one of the first platforms to make buying Bitcoin and Ethereum simple for everyday users. The platform ditched the confusing crypto charts and trader jargon so you can buy, sell, and stash your coins without drama.
The best part? Luno supports direct Naira deposits via bank transfer. So, funding your crypto wallet doesn’t require exhausting workarounds. You won’t find thousands of altcoins like on Binance or KuCoin, but it covers the essentials like Bitcoin, Ethereum, and USDC, all tradable directly in Naira.
Key Features:
- Beginner-friendly interface with easy navigation
- Supports major coins like Bitcoin (BTC), Ethereum (ETH), and USDC
- Direct Naira deposits and withdrawals via bank transfer
- Instant buy/sell with clear, upfront pricing
- Secure wallet protected by two-factor authentication (2FA)
- Built-in guides and tutorials for new users
5. Bybit
Bybit offers a wide range of cryptocurrencies, from Bitcoin to altcoins, and keeps fees low. You can’t deposit Naira directly on the main exchange anymore. Still, Bybit’s P2P marketplace has you covered, or had you covered until recently, when Naira deposits and withdrawals were temporarily suspended due to regulations. Still, Bybit’s smooth interface and advanced tools keep it popular among Nigerian crypto enthusiasts.
Key Features:
- Wide range of cryptocurrencies, including Bitcoin, Ethereum, and many altcoins
- P2P marketplace with flexible payment methods
- Advanced trading options, including futures and margin trading
- Low minimum entry threshold (BTC/USD futures contracts start at just $1)
- Detailed order book showing real-time market depth and trading volumes
- Secure platform with two-factor authentication (2FA)
6. Yellow Card
Yellow Card allows you to buy and sell cryptocurrencies and stablecoins, all while supporting local currencies. For Nigerians, it’s a breath of fresh air, offering direct Naira deposits and withdrawals without complicated workarounds.
When it comes to variety, Yellow Card is no newbie, supporting 14+ cryptocurrencies and counting. Whether you’re into Bitcoin, Ethereum, or stablecoins like USDT, their lineup keeps growing, making crypto trading as easy as pie.
Yellow Card is built for speed and simplicity. It is perfect whether you’re topping up your Bitcoin wallet or cashing out Ethereum. Thanks to local bank integrations, transactions are smooth and hassle-free.
Key Features:
- Direct Naira deposits and withdrawals via local banks
- Simple, user-friendly interface designed for beginners
- Fast transaction processing with minimal fees
- Secure platform with two-factor authentication (2FA)
- Free local and cross-border transfers using crypto
7. Nairaex
Nairaex has been around since 2015 and earned a solid reputation for trust and consistency. It keeps things refreshingly simple: straightforward buying and selling with Naira: fund your account with a bank transfer, buy Bitcoin, and withdraw it to your wallet. Done.
The platform started strong with Bitcoin only, keeping things simple and steady. But lately, they’ve expanded their menu, adding Ethereum, Litecoin, Bitcoin Cash, USDT, and even Perfect Money. So now you have more coins to choose from without losing that trusted simplicity.
You can get instant buy/sell rates, so no surprises on pricing. While it lacks a mobile app, Nairaex’s reliability and seamless Naira integration make it a no-nonsense choice for traders who value speed and ease.
Key Features:
- Direct BTC trading with Instant Rates
- Naira deposits & withdrawals via bank transfers or debit card
- Transparent pricing with zero deposit fees
- Peer-to-peer (P2P) marketplace with escrow protection
- Simple user interface, but no mobile app available
Quick Comparison of the Top Crypto Exchanges in Nigeria
Here’s a quick glance to help you compare these top exchanges side-by-side, so you can easily weigh their payment options, security features, fees, customer support, and coin selections.
| Exchange | Payment Method(s) | Safety & Security | Trading Fees | Customer Support | Supported Cryptocurrencies |
| Prestmit | Naira & Cedi payouts | 2FA, transparent pricing | Competitive, clear with in-app calculator | 24/7 responsive support | Bitcoin, USDT, other popular coins |
| Binance | P2P marketplace enabling Naira trades between users (no direct Naira deposit/withdrawal on main exchange) | 2FA, cold storage, escrow protection | Low (as low as 0.1%) | Responsive, global support | Huge variety, thousands of coins |
| KuCoin | P2P marketplace (multiple payment methods) | 2FA, escrow-backed P2P | Low (0.1%), discounts with KCS token | Responsive customer service | 700+ cryptocurrencies |
| Luno | Bank transfers in Naira | 2FA, regulated | Low | Good customer support | Bitcoin, Ethereum, USDC |
| Bybit | P2P marketplace with flexible payment methods | 2FA, cold storage, order book depth | Competitive, futures options | Responsive support | Large selection, futures trading |
| Yellow Card | Direct Naira deposits & withdrawals | 2FA, secure platform | Low | 24/7 support | Supports 14+ cryptocurrencies including BTC, ETH, USDT, etc |
| Nairaex |
Bank transfer deposits & withdrawals |
2FA, secure, escrow-backed P2P |
Transparent, no hidden fees |
Responsive support |
Bitcoin, Ethereum, Litecoin, Bitcoin Cash, USDT, Perfect Money |
Factors to Consider in Choosing Crypto Exchanges in Nigeria
1. Payment Method
Choose an exchange that lets you pay or cash out in Naira easily to avoid unnecessary headaches. The fewer hoops, the better.
2. Safety and Security
Your crypto isn’t Monopoly money. When choosing a crypto exchange platform, look for platforms with strong security, like two-factor authentication and cold wallets, to keep your coins safe.
3. KYC Requirements
Know Your Customer (KYC) might sound like jargon, but it’s there to keep things safe and legit. Choosing a platform that properly enforces KYC helps protect you from scams and keeps the crypto space cleaner. Just decide how much info you’re comfortable sharing.
4. Trading Fees
Every trade usually costs a little, but some exchanges sneak in hidden fees. Some even offer free trades on select pairs or promotions, but always check the fine print. Go for transparent, low-cost exchanges that won’t eat up your profits.
5. Customer Support
Good customer support is your lifeline when things go sideways (and they sometimes do). Go for exchanges with real, responsive, and empathetic support teams.
6. Supported Cryptocurrencies
If you’re only into Bitcoin, great. But if you want to explore altcoins, stablecoins, and tokens, ensure your exchange offers a wide variety. More options mean more chances to diversify.
Frequently Asked Questions (FAQs) About Top Crypto Exchanges in Nigeria
Which crypto exchange is best for Nigerians who want fast payouts?
Prestmit is the best exchange for instant payouts, making it perfect for those who want quick cash from selling crypto without waiting days for bank transfers.
Are crypto exchanges safe to use?
Yes, crypto exchanges like Prestmit, Binance, and Luno are safe to use. Always enable 2FA and use strong passwords to protect your account.
Can I use these exchanges if I live outside Nigeria?
Yes, you can use these exchanges if you live outside Nigeria. Most platforms like Prestmit, Binance, KuCoin, and Bybit serve international users, although some features (like direct Naira payments) may be limited to Nigerians.
Conclusion
Crypto in Nigeria isn’t just a trend; it’s a party to which everyone is invited. With billions of dollars swapping hands and new traders jumping in every day, the scene is bigger than ever. Before you throw your money around, picking the right exchange is like finding the perfect dance partner; it can make or break your moves.
Whether you’re after Prestmit’s instant payouts, Binance’s huge coin listings, or Luno’s super simple vibe, there’s a platform waiting to match your style. So, buckle up, pick your platform, and get ready to ride this wild crypto wave like a pro.
