In 2024 alone, Nigerians traded over $92.1 billion in cryptocurrency, with Bitcoin making up nearly 90% of that. Proof that crypto isn’t just a trend here, it’s a lifestyle. Yet, despite this massive market, most global exchanges still throw up limits and restrictions that make life difficult for Nigerian users. 

These challenges pushed Nigerians toward platforms that truly understand their needs. One of the most trusted among them is Remitano, a peer-to-peer exchange built to make buying and selling Bitcoin (and other cryptocurrencies) simple, secure, and stress-free.

In this article, I’ll break down what Remitano is, why it’s worth using, practical safety tips, and a step-by-step tutorial to help you start trading Bitcoin with confidence.

What is Remitano?

Trade Bitcoin on Remitano

Remitano is a peer-to-peer (P2P) cryptocurrency exchange. Which basically means it directly connects people who want to buy Bitcoin (and other cryptocurrencies) with people who want to sell, and keeps the process safe with an escrow system. 

The platform was launched in April 2014 by Babylon Solutions Limited, a company registered in Seychelles, and it has grown into one of the most popular exchanges across Africa and beyond.

Remitano is one of the best sites to buy Bitcoin in Nigeria. You can deposit and withdraw in Naira, connect easily to local banks, and even start with a beginner-friendly verification process that won’t stress you out. Add its secure escrow system on top, and newcomers can trade Bitcoin confidently without worrying about being scammed.

Why Trade Bitcoin on Remitano?

1. Naira Wallet for Easy Deposits and Withdrawals

Remitano gives Nigerian users access to a dedicated Naira wallet. This makes it easy to fund your account, withdraw cash, and trade Bitcoin without the constant hassle of long bank transfers. For verified users, the Instant Trade feature speeds this up even further, so you can move between Bitcoin and Naira almost immediately.

2. Secure Escrow System

Bitcoin doesn’t come cheap, so safety is a big deal when trading it, especially in P2P trading. Remitano protects every trade with its escrow service. When you buy Bitcoin, the seller’s coins are held in escrow until your payment is confirmed. That way, neither side can cheat the other, and you can trade with peace of mind.

3. Local Bank Integration

Unlike many global exchanges that make it hard for Nigerians to cash out, Remitano works directly with local banks. This means you can pay or receive Naira straight from your bank account, making the whole Bitcoin trading process much smoother.

4. Beginner-Friendly Setup

Remitano’s platform keeps things simple. The verification process is straightforward, the app and website are easy to navigate, and there are helpful guides if you ever get stuck. This makes it a great starting point for Nigerians who are buying Bitcoin for the very first time.

5. Fast Dispute Resolution

In the rare case of disagreements, like a seller not releasing Bitcoin, Remitano steps in to review proof of payment. Most disputes are resolved within hours, not weeks.

Step-by-Step Guide to Trade Bitcoin on Remitano

Trading Bitcoin on Remitano is straightforward, whether you’re buying or selling. Just follow these simple steps.

Buying Bitcoin

  • Visit the Remitano website or download the app (iOS/Android).
  • Sign up with your email and verify it.
  • Set a strong password and enable 2-factor authentication (2FA).
  • Complete KYC verification (depending on trade size): this may require a government ID, proof of address, and a selfie. For small amounts, phone verification may be enough.
  • Fund your Naira or Bitcoin wallet (using local bank transfers or other supported payment options). If you have Naira wallet enabled, Instant Trade may be possible.
  • Go to “Buy Bitcoin”, enter the Naira or BTC amount.
  • Browse through seller offers; each seller profile displays their rating, completed trades, price, limits, and preferred bank. Click a seller’s name if you want more details.
  • Pick a seller with a good reputation and competitive rate, then click “Buy.”
  • Follow the payment instructions and make payment.
  • After sending payment, click “I have paid seller” to notify them.
  • Wait for seller’s confirmation. Once confirmed, your Bitcoin will be released to your wallet.

Selling Bitcoin

  • Log in to your Remitano account and go to “Sell Bitcoin.”.
  • Browse available buyer offers; each profile shows their rating, completed trades, buy limit, and preferred bank.
  • Click on a buyer’s name to see more details and choose one with a good reputation and fair rate.
  • Enter the amount of Bitcoin you want to sell and click “Sell BTC.”
  • Add your bank account details and click “Continue” to open the trade.
  • Remitano will hold your Bitcoin in escrow while the trade is ongoing.
  • Wait for the buyer to send payment.
  • Confirm that the money has actually arrived in your bank account (log in to your bank app; don’t rely only on SMS).
  • Once the funds reflect in your account, click “I have received payment” to release the Bitcoin to the buyer.

Safety Tips for Trading on Remitano

Trade Bitcoin on Remitano

To stay safe while trading on Remitano, keep these tips in mind:

  • Enable two-factor authentication (2FA): This adds an extra lock to your account, so even if someone gets your password, they can’t log in without your code.
  • Use strong, unique passwords: Don’t reuse passwords from other accounts. A simple mix of letters, numbers, and symbols goes a long way.
  • Check seller and buyer ratings: Reviews and trade history give you a clear picture of who you’re dealing with. Stick with users who have solid reputations.
  • Never trade outside the platform: If someone asks you to move the deal off Remitano, don’t do it. Escrow only protects you when you stay on-platform.
  • Secure your Bitcoin after trading: If you’re not planning to trade right away, transfer your BTC to a personal wallet where you control the keys.
  • Confirm payments directly in your bank app: Never rely on SMS alerts alone. Some alerts can be delayed or faked, so always log in and check your balance before releasing Bitcoin.
  • Beware of overpayments or suspicious requests: If a buyer “accidentally” sends more money and asks for a refund, it might be a scam. Stick to the agreed trade amount.
  • Set trade limits that match your comfort zone: Start small if you’re new, then increase your limits as you gain experience and confidence.
  • Avoid public Wi-Fi when trading: Hackers can intercept your connection. Use a secure network or a VPN instead.
  • Regularly review your withdrawal settings: On Remitano, you can whitelist bank accounts and wallets for withdrawals. This reduces the risk if someone ever gains access to your account.

Frequently Asked Questions (FAQs) on Trading Bitcoin on Remitano 

Is Remitano legal in Nigeria?

Yes, Remitano is legal in Nigeria. While Nigeria’s central bank restricts banks from directly processing crypto transactions, platforms like Remitano operate legally as peer-to-peer (P2P) exchanges. 

How long does it take to complete a Bitcoin trade on Remitano?

Most trades take just a few minutes if both parties are responsive. However, delays can happen if a seller or buyer is slow to confirm payment. In such cases, you can open a dispute, and Remitano’s support team will step in.

How long do withdrawals take on Remitano?

Naira withdrawals to local bank accounts usually process within minutes to a few hours, depending on the bank. Crypto withdrawals (like Bitcoin) depend on blockchain confirmation times but are typically processed quickly once your request is approved.

Can I cancel a trade after opening it?

You can cancel a trade if you haven’t paid. But once you’ve marked payment as sent, the trade can’t be cancelled. At that point, it’s either completed or resolved through support.

Are there fees for buying or selling Bitcoin on Remitano?

Yes, Remitano charges a 1% trading fee from the seller for each completed trade. Buyers don’t pay direct fees but may notice slight price differences depending on the seller’s rate.

What happens if a seller doesn’t release my Bitcoin after I’ve paid?

If this happens, don’t panic. As long as you made the payment within the platform and clicked “I have paid,” your Bitcoin is locked in escrow. If the seller doesn’t release it, you can open a dispute, and Remitano will review the evidence before resolving the trade.

What’s the minimum amount of Bitcoin I can buy or sell?

This depends on the seller or buyer you choose. Many sellers allow small trades (as low as $10 or the Naira equivalent), but each ad has its own minimum and maximum limits.

Conclusion

Trading Bitcoin on Remitano in Nigeria is safe, fast, and beginner-friendly when you follow the steps above and adhere to security best practices. If you keep your account secure, stick to trusted buyers and sellers, and make use of Remitano’s built-in tools, you’ll find the process straightforward.

With the right precautions, Remitano takes the stress out of Bitcoin trading and puts you in control of your crypto journey. Whether you’re buying or selling, you can trade with confidence on the platform.

Last updated on September 22, 2025