A Comparison of the Best Crypto Exchanges in Nigeria to Buy Crypto using Naira
A comparison of the most user-friendly and widely accessible cryptocurrency exchanges in Nigeria, tailored for seamless buying and selling of digital currencies using the Nigerian Naira. These platforms offer convenient and secure ways to invest in the crypto market. The exchanges highlighted below specifically support the purchase and sale of cryptocurrencies like Bitcoin and various Altcoins using Naira, making it easier for users to participate in the growing digital asset space.
CoinCola
CoinCola is a peer-to-peer crypto exchange that lets users buy and sell Bitcoin and altcoins using Nigerian Naira. It offers low fees, fast transactions, and supports multiple local payment methods, making it a popular choice in Nigeria.
Listed Crypto Currencies
CoinCola supports a wide range of cryptocurrencies for buying and selling, making it a versatile platform for traders using Nigerian Naira. Users can trade major coins like Bitcoin (BTC), Ethereum (ETH), and Tether (USDT) across multiple blockchain networks including ERC-20 and TRC-20. Other supported cryptocurrencies include EOS, XRP (Ripple), Bitcoin Cash (BCH), Litecoin (LTC), DASH, Solana (SOL), Dogecoin (DOGE), Shiba Inu (SHIB), Pepe (PEPE), Chainlink (LINK), Uniswap (UNI), USD Coin (USDC), Aave (AAVE), Worldcoin (WLD), Tron (TRX), Cardano (ADA), and meme-based tokens like Trump (TRUMP). These options provide Nigerian users with a wide selection of digital assets to buy and sell securely through CoinCola’s platform.
Unique Features
CoinCola is a user-friendly crypto exchange that supports peer-to-peer trading with Nigerian Naira, making it easy to buy and sell cryptocurrencies locally. It stands out by allowing users to trade crypto using gift cards, offering a unique and flexible payment option. With low transaction fees, multi-crypto support, strong security measures like 2FA and escrow protection, and a clean mobile-friendly interface, CoinCola is a convenient and secure platform tailored for users looking to access the crypto market in Nigeria.
Trading Fees
CoinCola offers a cost-effective and transparent fee structure for users buying and selling cryptocurrency using Naira. Depositing cryptocurrencies is completely free, while P2P trading is also free when responding to ads—only advertisers are charged a 0.7% fee upon completing a trade. For crypto-to-crypto exchange trades, a low 0.1% fee applies. Withdrawal fees vary by coin, with fixed network charges such as 0.00012 BTC, 0.001 ETH, or 5 USDT (ERC‑20). Internal wallet transfers are mostly free up to a monthly limit, after which small fees apply. Overall, CoinCola provides affordable trading, especially for users engaging in both OTC and exchange transactions.
Busha
Busha is a regulated cryptocurrency exchange that allows users to buy, sell, and save digital assets using Nigerian Naira. With a user-friendly platform, competitive rates, and strong security, it supports over 40 cryptocurrencies and offers features like recurring buys and crypto savings.
Listed Crypto Currencies
Busha supports a wide selection of cryptocurrencies, offering users flexibility with their holdings. The platform enables deposits and withdrawals for major coins like Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), USD Coin (USDC), Tether (USDT), Stellar (XLM), Tron (TRX), TON, Shiba Inu (SHIB), Binance Coin (BNB), MC Token (MC), and cNGN—the newly introduced Nigerian Naira-backed stablecoin. In total, Busha lists over 20 digital assets, including Cardano (ADA), Dogecoin (DOGE), Worldcoin (WLD), SureRemit (RMT), and others.
Unique Features
Busha is a user-friendly crypto platform regulated by Nigeria’s SEC, offering instant buying and selling with low minimums starting from ₦250. It features secure storage, two-factor authentication, and tools like Busha Spend and Busha Earn, allowing users to spend crypto on airtime or earn up to 7.5% APY on stablecoins. With a sleek mobile app and real-time support, Busha is a trusted choice for crypto users in Nigeria.
Trading Fees
Busha offers a competitive fee structure designed for users in Nigeria. Spot trading typically incurs a flat 0.5% fee for standard users, while Busha Pro users benefit from tiered maker-taker fees ranging from 0.00% to 1.00%. Naira deposits and withdrawals are free, with periodic fee waivers. Crypto withdrawals incur network-based fees, such as 0.0004 BTC, 0.0065 ETH, and 5 USDT (ERC-20). Transfers between Spot and Earn wallets are free, and users can withdraw from Earn Wallets at any time without penalties.
Luno
Luno is a global cryptocurrency platform that allows users to securely buy, sell, trade, store, and earn yield on digital assets using the Nigerian Naira (NGN). It offers a simple, user-friendly experience through its app and web platform, combining strong security, regulatory compliance, and convenient features like instant trading and Luno Earn for passive income.
Listed Crypto Currencies
Luno offers Nigerian users the ability to securely buy, sell, and trade a diverse array of cryptocurrencies using Nigerian Naira (NGN). The platform supports popular digital assets such as Bitcoin (BTC), Ethereum (ETH), and Tether (USDT), along with a variety of altcoins including Ripple (XRP), Litecoin (LTC), Dogecoin (DOGE), Cardano (ADA), Solana (SOL), Polkadot (DOT), Chainlink (LINK), Uniswap (UNI), USD Coin (USDC), and Aave (AAVE). Additionally, users can access other cryptocurrencies like Avalanche (AVAX), Cosmos (ATOM), Stellar (XLM), TRON (TRX), and Shiba Inu (SHIB), among others. This extensive selection provides Nigerian traders with a comprehensive platform to engage in the cryptocurrency market with ease and security.
Unique Features
Luno offers several unique features that set it apart in the cryptocurrency market. Its “Luno Earn” program allows users to earn passive income on their crypto holdings, while recurring buys enable automated, regular purchases of digital assets. Luno also provides Bundles, which let users invest in a portfolio of multiple cryptocurrencies in a single transaction, and Luno Pay, which allows spending crypto in-store via QR codes in supported regions. Combined with a simple, user-friendly interface and strong security measures, these features make Luno a versatile and accessible platform for both new and experienced crypto users.
Trading Fees
Luno employs a transparent fee structure for trading cryptocurrencies in Nigeria, tailored to different transaction types. When buying or selling crypto on the Luno Exchange, users are charged based on their 30-day trading volume and whether they place a maker or taker order. Taker orders, which execute immediately at market prices, incur a fee, while maker orders, which add liquidity to the order book, may earn a rebate. Additionally, Luno charges a dynamic fee for sending cryptocurrencies, which varies depending on the blockchain's current demand; however, XRP transactions have a fixed send fee of 0.03%. For investments in bundles, there's a 1% fee when buying or selling, along with a 2% annual rebalancing fee, charged quarterly.
Quidax
Quidax is a African‑based cryptocurrency exchange that lets users seamlessly buy, sell, and store Bitcoin, Ethereum, QDX, USDT, XRP, and over 20 other digital assets using Nigerian Naira (NGN) via Instant Swap, order books, and P2P deposit options.
Listed Crypto Currencies
Quidax offers a wide range of cryptocurrencies for trading, including popular coins like Bitcoin, Ethereum, Litecoin, Dash, Tron, Ripple, Bitcoin Cash, Solana, and its own token, Quidax Token. It also supports major stablecoins like Tether and USD Coin, along with other well-known tokens such as Cardano, Polygon, Chainlink, Aave, Shiba Inu, Dogecoin, Stellar, Fantom, Decentraland, The Sandbox, and Floki Inu.
Unique Features
Quidax is unique for combining simplicity, strong security, and local relevance in one platform. As Nigeria’s first SEC-licensed crypto exchange, it offers fast, low-fee transactions, supports Naira deposits, and provides 24/7 customer support. With a beginner-friendly interface, regular new coin listings, and tools like savings and OTC services, Quidax is built to serve both everyday users and businesses.
Trading Fees
Quidax’s fee structure is simple and competitive. Trades on the order book have a 0.1% maker fee and 0.3% taker fee, while instant buy or sell orders carry a 1% fee. Naira deposits through bank transfers, Pocket, or vouchers range from ₦100 to ₦2,250, and Naira withdrawals cost between ₦100 and ₦2,500 depending on the amount. Crypto deposits are free, while withdrawals incur a flat blockchain fee that varies by coin. Transfers between Quidax users are instant and free.
Remitano
Remitano is a global peer-to-peer cryptocurrency exchange that facilitates secure buying and selling of digital assets directly between users. The platform supports Nigerian Naira, enabling seamless transactions for Nigerian based users.
Listed Crypto Currencies
Remitano offers access to a diverse range of over 30 cryptocurrencies, including major assets like Bitcoin, Ethereum, Tether, Binance Coin, Solana, Cardano, Chainlink, Dogecoin, and Shiba Inu. The platform supports various trading pairs and facilitates both peer-to-peer transactions and crypto swaps, catering to users seeking flexibility and a broad selection of digital assets. Additionally, Remitano enables users to swap cryptocurrencies directly within the platform, enhancing the trading experience.
Unique Features
Remitano stands out by offering a secure peer-to-peer trading platform that uses an escrow system to ensure safe transactions. With support for multiple payment methods, including Nigerian Naira, the platform provides seamless buying and selling of cryptocurrencies. It offers a user-friendly mobile app, 24/7 customer support, and features like instant crypto swaps and zero-fee trading for takers. Additionally, Remitano prioritizes security with two-factor authentication and identity verification.
Trading Fees
Remitano offers a competitive fee structure for users, with 0% trading fees for takers, making it cost-effective for buying and selling cryptocurrencies. There are no fees for USD deposits, though bank fees may apply, while withdrawal fees are fixed and depend on the cryptocurrency and network used (e.g., 0.0005 BTC for OMNI and 0.000025 BTC for BEP20). Nigerian users enjoy free NGN deposits and withdrawals.
KuCoin
KuCoin is a global cryptocurrency exchange offering a comprehensive suite of services, including spot, margin, futures, and P2P trading, alongside staking and lending options. The platform supports multiple fiat currencies, including the Nigerian Naira, for deposits and withdrawals.
Listed Crypto Currencies
KuCoin offers access to a diverse range of cryptocurrencies, supporting over 700 digital assets and more than 1,200 trading pairs . This extensive selection includes major coins like Bitcoin, Ethereum, Solana, Dogecoin, and Shiba Inu, as well as a variety of altcoins and emerging tokens . The platform frequently updates its listings, providing users with opportunities to trade both established and newly launched cryptocurrencies.
Unique Features
KuCoin stands out with features like its native KCS token, which provides trading fee discounts, and KuCard, allowing real-time crypto spending. The platform also offers advanced tools such as grid bots and social trading, enabling users to automate strategies and share insights. KuCoin supports Nigerian Naira for deposits and withdrawals, making it accessible to a broader market, and prioritizes security with advanced protocols for asset protection.
Trading Fees
KuCoin offers transparent and competitive fees: spot and margin trading both carry a 0.10% fee for makers and takers, with possible reductions for KCS token holders and VIP members. Crypto deposits are free, while withdrawals incur asset-specific network fees. For users in Nigeria, KuCoin accepts NGN‑to‑USDT deposits via local bank transfer with a 1.5 USDT fee, and supports free NGN deposits and withdrawals through its fiat wallet. Additionally, Nigerian traders pay a 7.5% VAT on transaction fees (applied on top of the 0.10% trading charge) in compliance with local regulations.
NairaEx
NairaEx is a Nigeria-based cryptocurrency exchange founded in 2015 that allows users to buy and sell Bitcoin, Ethereum, Litecoin, Bitcoin Cash, USDT, and Perfect Money using the Nigerian Naira. It offers fast, user-friendly service with transparent pricing and seamless bank transfers.
Listed Crypto Currencies
NairaEx provides access to a focused selection of popular cryptocurrencies, allowing users to buy and sell Bitcoin, Ethereum, Litecoin, Bitcoin Cash, and USDT, alongside Perfect Money using the Nigerian Naira. Their platform delivers a streamlined experience tailored for Nigerian users seeking straightforward crypto transactions with widely recognized digital assets.
Unique Features
NairaEx stands out by offering highly competitive exchange rates bundled into the price, ensuring users pay low, all-inclusive fees while simplifying transactions. With a strong emphasis on security, an intuitive interface, fast same-day withdrawals, referral bonuses, savings earning options, and 24/7 customer support, it provides a smooth and rewarding experience for Nigerian users.
Trading Fees
NairaEx keeps fees simple and transparent for Nigerian users. All-inclusive buy and sell rates mean there are no hidden trading fees, as the cost is embedded in the displayed price. Naira deposits via bank transfer are free, and withdrawals to a Nigerian bank account are processed instantly on the same day without charge. Crypto deposits are free, and withdrawals only require standard network fees, such as 0.00001 BTC for Bitcoin.
Bitget
Bitget is a global cryptocurrency exchange offering a comprehensive suite of services, including spot, futures, and P2P trading, alongside staking and lending options. While it doesn't support direct Naira deposits, Nigerian users can fund their accounts through P2P with local bank transfers, allowing seamless NGN-backed transactions.
Listed Crypto Currencies
Bitget offers access to a diverse range of cryptocurrencies, supporting over 800 assets across multiple ecosystems, including Bitcoin, Ethereum, Solana, XRP, and BNB Chain. The platform frequently adds new tokens, such as Winnerz (WNZ) and Pi Network (PI), to its offerings, catering to various user interests and investment strategies. Additionally, Bitget's Web3 wallet supports over 130 mainnets and more than 1 million cryptocurrencies, integrating major blockchains like Bitcoin, Ethereum, BNB Chain, Polygon, TRON, and Solana. This extensive selection ensures that users have a wide array of options for trading and investment.
Unique Features
Bitget stands out in the cryptocurrency exchange market with its range of advanced features, including over 800 digital assets for trading, a Copy Trading feature, and tools like Position Grids and Signal Bots for automated strategies. It also offers access to new tokens through its Launchpad and supports cross-chain token swaps, making it a secure and versatile platform for traders.
Trading Fees
Bitget offers competitive fees with 0.10% for spot trading and 0.02% for makers and 0.06% for takers on futures trading. Crypto deposits are free, though network fees may apply, and fiat deposits are available via P2P trading, supporting over 100 payment methods, including bank transfers. Withdrawal fees vary by cryptocurrency, with Bitcoin withdrawals incurring a fee of 0.0005 BTC, while fiat withdrawals can be made through P2P, allowing users to convert crypto into Nigerian Naira (NGN). Although direct NGN deposits aren't supported, users can easily buy and sell cryptocurrencies using Naira through P2P trading with third-party payment services.
Kraken
Kraken is a U.S.-based cryptocurrency exchange founded in 2011, offering a secure platform for trading over 200 cryptocurrencies, including Bitcoin, Ethereum, and Solana. Known for its regulatory compliance and advanced trading features, Kraken serves users in over 190 countries, providing services like spot trading, futures, staking, and a self-custody hardware wallet.
Listed Crypto Currencies
Kraken offers a diverse selection of over 425 cryptocurrencies, encompassing major assets like Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC), as well as a wide array of altcoins, stablecoins, and tokens across various sectors such as DeFi, NFTs, and the metaverse. This extensive range caters to both novice traders and seasoned investors, providing opportunities to diversify portfolios and engage in various trading strategies.
Unique Features
Kraken is unique for its diverse offerings, including both cryptocurrency and traditional finance services. It stands out by providing commission-free trading for U.S.-listed stocks and ETFs, as well as introducing tokenized U.S. equities (xStocks) and a peer-to-peer payments app, Krak, supporting over 300 assets.
Trading Fees
Kraken offers competitive fees across trading, deposits, and withdrawals. Trading fees follow a maker-taker model, with fees starting at 0.16% for makers and 0.26% for takers, decreasing with higher trading volumes. Most cryptocurrency deposits are free. Withdrawal fees vary by asset, with Bitcoin costing 0.00001 BTC and Ethereum 0.00014 ETH. Kraken does not support direct deposits or withdrawals in Nigerian Naira, so users must convert Naira to a supported currency via local exchanges.