Buzzapp Master 
02 June 2025 at 23:30Looking to trade crypto safely in Nigeria? These nine platforms offer Naira support, low fees, and beginner-friendly tools to start your crypto journey today.Imagine you’re at a hangout, sipping a chilled Chapman, and someone casually drops “I just made 50% on Solana.” You nod along, smiling, even though you’re not quite sure what that even means.
Thanks to the naira’s unpredictable mood swings and inflation levels that would be the subject of their own horror movie, crypto has become a hustle for many Nigerians, serving as a side gig, an investment, or a full-time job. But how exactly do you trade crypto safely, and which platforms work best for Nigerians today?
Before we get into them, here’s a quick definition: Cryptocurrency is a digital form of money that’s not controlled by any central bank. It runs on a decentralised ledger called the blockchain. Bitcoin, Ethereum, and USDT are popular examples. With them, Nigerians can preserve value, send money abroad without crazy bank fees, and potentially earn profits through trading.
If you’re considering getting into cryptocurrency, choosing the right platform is crucial. Some platforms offer Naira deposits and easy withdrawals, while others require a VPN or involve additional steps. Here’s a Nigerian-user-friendly breakdown of the top platforms to know:
Top 9 Crypto Trading Platforms for NigeriansRecommended For YouLocal2025-05-11T21:18:10+00:00According to the journalist, Duru shared audio recordings and a script containing claims that Natasha was plotting to “bring down the Yoruba government.”
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1. KuCoinNo VPN needed | Full KYC required
KuCoin is one of the most functional global exchanges that still supports Nigerians. It allows spot, derivatives, and P2P trading, and yes, you can buy crypto with Naira directly using your bank account or debit card. The P2P platform allows you to trade NGN for USDT and vice versa, with withdrawals processed directly to your traditional bank account. Here’s a full breakdown of all of KuCoin’s fees before you start trading crypto.
Key features:
0.1% spot trading fee.
Free P2P trading.
NGN bank transfer available for deposits.
Allows for staking and savings features (up to 25% APR).
KuCoin requires complete Know Your Customer (KYC), which you can complete using your Nigerian ID or driver’s license. Their customer support is active online and in-app, and security-wise, they provide two-factor authentication (2FA), strong passwords, and even publish proof of reserves. Just remember that it’s a custodial exchange so always practice basic crypto safety.
2. LunoNo VPN needed | Regulated locally
Luno features a beginner-friendly design and has long been a top choice for Nigerian crypto users. It supports Naira deposits through bank transfer, vouchers, and even card payments. You can buy Bitcoin, Ethereum, USDT, and several other coins, then withdraw directly into your Nigerian bank account. Check the breakdown of their fee structure here.
Key features:
Naira vouchers for deposits and withdrawals.
2% fee on NGN deposits/withdrawals (max N2,000).
Trading fees between 0 – 0.4%, depending on your volume.
Easy app, suitable for crypto newbies.
Luno’s biggest flex is that it’s active in the Nigerian crypto community and registered locally. They use cold storage (Bitgo and Fireblocks) for the majority of user funds, but since it’s still custodial, keep a close eye on your account.
3. QuidaxNo VPN needed | KYC required
Built by Africans for Africans, Quidax feels like a crypto suite rather than just an exchange platform. Over 50 crypto assets are tradable, and they offer options for Naira transactions via bank transfers, vouchers, or Quidax Pocket (fintech integrations). You can also earn interest, stake, or even get a virtual card. Read through the full details of the charges on Quidax.
Key features:
Naira deposits via Quidax Direct, vouchers, and fintech wallets.
0.1% trading fee, with a minimum withdrawal fee of NGN100.
Supports over 50 cryptocurrencies including memecoins.
“Save in USD” with 10% interest.
Their KYC is compulsory and straightforward, and customer service is responsive both in-app and on social media.
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4. BushaNo VPN needed | KYC required
If you want a simple crypto experience, Busha is the platform for you. It has clean user experience, responsive customer support, and one of the fastest withdrawal times in Nigeria. You can even automate crypto savings like stashing ₦1,000 every week into USDT.
Key features:
Allows you to save stablecoins like USDT and earn up to 7.5% annual percentage yield with daily interest payouts and no lock-in.
Operated by a licensed and compliant entity in Nigeria.
Allows you to start saving or investing with as little as 10 USDT.
Requires zero withdrawal fees which is suitable for low-volume, casual traders.
5. ByBarterNo VPN needed | No KYC required
ByBarter is a P2P decentralised exchange that works differently from the usual. It connects buyers and sellers directly, but unlike most P2P platforms, it’s non-custodial. Your funds remain in your wallet and trades are executed using smart contracts.
Key features:
No platform fees for P2P trading.
Self-custody that allows users to retain full control of their funds.
No KYC required.
Crypto trades are on-chain so fees depend on network congestion.
ByBarter is for users who don’t want a centralised platform holding their coins. Just ensure you confirm fiat receipt before completing a trade.
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6. Bundle AfricaNo VPN needed | KYC required
Bundle was built with African users in mind, and it shows. From the playful interface to the instant Naira withdrawal feature, it’s super user-friendly. You can save in crypto, send to friends, and even earn interest. Follow their guide on how to buy crypto with your self-custody wallet on the platform.
Key features:
Simple, beginner-friendly interface.
Fast bank withdrawals.
Good for small, everyday transactions (₦5k–₦200k).
Easy to use for first-time users.
7. NairaExNo VPN needed | KYC required
NairaEx is one of Nigeria’s oldest cryptocurrency platforms, having been in operation since 2015. Although it only supports Bitcoin, not Ethereum or memecoins, it only supports Bitcoin.
Key features:
Bitcoin-only exchange.
Instant NGN deposits and withdrawals.
No trading fees.
KYC required (NIN or driver’s licence).
It’s old-school, but it works. If Bitcoin is all you care about and you want a fast, Nigerian-native service, NairaEx will always come through.
8. OKXNo VPN needed | KYC required
OKX has advanced trading tools and a solid P2P marketplace for Nigerians. You can’t trade Naira on the spot market, but you can buy crypto with bank transfers via their P2P service.
Key features:
On-ramp crypto purchases using NGN bank transfers.
0.1% trading fee on spot markets.
Free P2P trading.
Staking and lending products available.
Security-wise, OKX utilises both online and offline storage, and offers additional features such as 2FA and its OKX Shield. Nigerians can sign up with their NIN.
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9. BitgetSome services may need VPN | KYC required
Bitget is an international crypto trading platform that’s now gaining ground among Nigerian users thanks to its user-friendly features, multiple deposit options, and huge range of tradable assets. It supports spot, derivatives, and P2P trading, plus one of the most robust Swap features in the industry. To access all platform features, you must verify your identity. Just select Nigeria as your country, upload your NIN or driver’s licence, submit a selfie, and you’re good to go.
Key features:
Allows you to swap over 250,000 tokens across 30+ blockchains (e.g. Ethereum, Solana, Polygon).
You can buy Bitcoin directly using your Visa or Mastercard with zero card fees.
P2P trading allows you to buy and sell crypto with Naira using trusted Nigerian sellers.
Bitget is available via App or Web, making it easy to use on both mobile and desktop.
Security-wise, Bitget utilises KYC, 2FA, and provides Proof of Reserves, allowing users to trade with peace of mind. It also provides support via a help centre, live chat, and active social media channels.
What About Binance?As of 2024, Binance discontinued Naira-related services, including deposits and withdrawals, mainly due to regulatory pressure in Nigeria. Currently:
You can’t deposit or withdraw NGN on Binance.
P2P Naira trading was also suspended.
Nigerians can still use Binance for crypto-to-crypto trading and spot/derivatives, but a VPN may be necessary, especially since access to the main Binance platform is restricted in certain regions.
Finally, crypto trading has massive potential, but it’s not without risks. Always use strong passwords, enable two-factor authentication, and don’t keep large sums on exchanges. If you’re new, start small, learn the ropes, and never trade more than you’re willing to lose.
If you’re using a VPN, go for one with a no-logs policy and high-speed servers. NordVPN, ExpressVPN, and Surfshark are some great options. Always verify the current availability of your chosen platform in Nigeria before signing up.
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