Just recently, Nigeria was ranked second globally in Bitcoin trading, accounting for over 6% of the global Bitcoin trade. Also, in 2017, the value of peer-to-peer transactions in Bitcoin rose around 1,500% in Nigeria.
Bitcoin trading in Nigeria is growing rapidly because individuals and entrepreneurs are able to beat the volatility of the Naira and the control exercised by the government when they make foreign transactions.
Luno
Luno wallet has its headquarters in London but has a strong presence in Nigeria and South Africa. It has a web and mobile wallet service which are both available on Android and IOS.
Features
- You can purchase Bitcoin on Luno with Naira
- When you sell Bitcoin, you get your money deposited to your local account
- The Luno Wallet serves as a store for your Bitcoin
- You can buy Bitcoin with as little as ₦300
Remitano
Remitano has a presence in over 32 countries including Nigeria. It has a very secure web and mobile platform and it is easy to use.
Features
- P2P Escrow Service
- Buy with Naira
PAXFUL
Paxful is very popular in Nigeria because of how fast and reliable their service is. With Paxful, you can buy Bitcoin with Amazon gift card, Western union, PayPal and even vanilla card
Features
- Zero transaction fee for Paxful to Paxful exchange
- Over 300 payment options for Bitcoin
- Verified sellers. You can also buy from Paxful vendor agent online
NgExchanger
NgExchanger is an indigenous cryptocurrency platform headquartered in Port-Harcourt Nigeria. Although they do not display all the cryptocurrencies they sell, you can contact them if the currency you intend to buy is not on the site.
Features
- you can buy Bitcoin with other Cryptocurrencies
- you can Physically buy Bitcoin from their office.
- You can only store Bitcoin
Available currencies
Bitcoin BTC, Ether ETH, Perfect Money, Ethereum Classic ETC, Bitcoin Gold BTG, Tron TRX, Litecoin LTC, Ripple XRP, Bitcoin Cash BCH, STEEM EOS etc.
Nairaex
Nairaex has its headquarters in Abeokuta and started with just trading of Bitcoin alone, you can now buy and sell over 4 cryptocurrencies. Nairaex accepts trades of a minimum of ₦20,000 worth of cryptocurrency.
Available currencies
Perfect Money, Litecoin LTC, Bitcoin BTC, Ether ETH, Bitcoin Cash BCH.