Nigeria is a major player in the global cryptocurrency scene, and the demand for platforms that enable users to purchase crypto using the Naira (NGN) continues to rise. Despite regulatory restrictions, many Nigerians still seek secure, user-friendly apps to trade cryptocurrencies like Bitcoin, Ethereum, and others with Naira.
Below are the top 7 apps that provide Nigerians with convenient ways to buy crypto using their local currency.
Table of Interests
1. Quidax
Quidax is a Nigerian cryptocurrency exchange known for its simplicity and reliability. It is designed to meet the needs of both beginners and experienced traders, making it one of the top choices for crypto trading in Nigeria.
Key Features:
- Naira Deposits and Withdrawals: Users can deposit and withdraw Naira seamlessly.
- Wide Range of Cryptocurrencies: Supports popular cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and more.
- Instant Transactions: Allows users to buy and sell cryptocurrencies instantly.
- Low Fees: Offers competitive transaction fees, making it cost-effective for traders.
- User-Friendly Interface: Clean, intuitive design that caters to users of all experience levels.
Quidax is also known for its responsiveness to the needs of the Nigerian market, making it a popular choice for those who prefer a locally focused exchange.
2. Luno
Luno is one of the oldest and most trusted cryptocurrency platforms in Nigeria. Known for its ease of use and focus on education, Luno is a great choice for beginners looking to enter the crypto space.
Key Features:
- Beginner-Friendly Interface: The app is designed for those new to crypto, with an easy onboarding process and educational resources.
- Secure Platform: Luno employs advanced security features like two-factor authentication (2FA) and insured Bitcoin storage.
- Instant Naira Deposits: Supports fast and convenient bank transfers to deposit Naira.
- Cryptocurrency Variety: Luno offers popular options like Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC).
- Low Transaction Fees: Luno keeps fees minimal, especially for those trading small amounts of crypto.
With Luno’s strong focus on security and user education, it remains a go-to platform for Nigerians interested in crypto.
3. Yellow Card
Yellow Card is an African-based crypto exchange that has gained popularity for its user-friendly platform and flexibility in payment methods. It simplifies the process of buying and selling cryptocurrencies with local currencies like the Naira.
Key Features:
- No Deposit Fees: Users can deposit Naira without incurring additional fees.
- Multiple Payment Methods: Supports various payment methods, including bank transfers, mobile money, and cash deposits.
- Instant Naira Transactions: Fast processing of Naira deposits and withdrawals.
- Zero Transaction Fees: There are no fees for deposits or withdrawals, making it affordable for users.
- Educational Resources: Yellow Card provides helpful content for beginners to understand the crypto market.
Yellow Card is widely known for its accessibility and ease of use, particularly among newcomers to cryptocurrency trading.
4. Bitmama
Bitmama is another Nigeria-based cryptocurrency platform that has been gaining traction due to its flexibility and reliability. Bitmama aims to make buying crypto as simple as possible for Nigerians.
Key Features:
- Flexible Payment Options: Supports multiple payment methods, including bank transfers and card payments.
- Instant Naira Deposits: Allows users to quickly deposit Naira and start trading.
- Low Trading Fees: Offers some of the lowest transaction fees for buying and selling crypto in Nigeria.
- Wide Range of Cryptos: Supports multiple cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and Binance Coin (BNB).
- Secure Transactions: Bitmama uses advanced security protocols to ensure safe trading.
Bitmama is known for its secure, fast, and flexible approach to cryptocurrency trading, making it a popular choice for Nigerians seeking a reliable platform.
5. Bundle Africa
Bundle Africa is a Nigerian cryptocurrency app designed for everyday use, with the goal of making crypto trading simple and social. It allows users to buy, sell, and store crypto using the Naira.
Key Features:
- Social Payments: Users can send and receive crypto to friends and family directly through the app.
- Naira Support: Seamlessly converts Naira to cryptocurrencies like Bitcoin, Ethereum, and Binance Coin.
- Low Transaction Fees: Bundle Africa charges minimal fees for transactions.
- Simple Interface: The app is easy to use, especially for new traders.
- Multi-Currency Support: Apart from Naira, Bundle supports other African currencies such as Ghanaian Cedi.
Bundle is well-suited for everyday crypto use, providing a social element to trading and making it convenient for users across Africa.
6. Binance
Binance is one of the largest global cryptocurrency exchanges and a favorite among Nigerian crypto traders due to its Peer-to-Peer (P2P) platform, which allows users to buy cryptocurrencies directly using Naira.
Key Features:
- P2P Trading with Naira: Allows users to buy crypto directly from others using Naira.
- Hundreds of Cryptos Available: Offers a vast array of cryptocurrencies.
- Low Fees: Binance charges minimal fees for transactions.
- Strong Security: Two-factor authentication and high-level encryption.
7. Remitano
Remitano is another P2P crypto exchange that operates in Nigeria, offering a secure environment for users to buy and sell cryptocurrency. Like Paxful, it relies on an escrow service to ensure safe transactions.
Key Features:
- Escrow Service for Safety: Ensures transactions are completed securely between buyers and sellers.
- Instant Naira Deposits and Withdrawals: Provides fast transaction processing for Naira deposits and withdrawals.
- Multiple Payment Methods: Accepts bank transfers, mobile money, and other local payment methods.
- Low Trading Fees: Keeps fees low to make crypto trading more affordable for users.
- Wide Range of Cryptos: Users can trade Bitcoin, Ethereum, and other popular cryptocurrencies.
Remitano’s focus on security and flexibility makes it an appealing option for Nigerian crypto enthusiasts who want to trade safely on a P2P platform.
Conclusion
As cryptocurrency adoption continues to grow in Nigeria, these seven apps provide secure, user-friendly, and flexible ways to buy crypto using Naira. Whether you’re looking for the convenience of P2P platforms like Paxful and Remitano, or prefer the straightforward interfaces of apps like Quidax, Luno, and Yellow Card, each platform offers unique advantages to suit different trading needs.
Before making any transactions, it’s essential to carefully consider the fees, payment methods, and security features of each app to ensure you choose the one that best meets your requirements.
