Best Crypto Exchanges in Nigeria 2025

Finding the best crypto exchanges in Nigeria 2025 is about more than just low trading fees. In Nigeria, crypto is part of everyday financial life for millions of people who want to buy and sell Bitcoin and a wide range of cryptocurrencies for savings, remittances, trading, and business. This guide compares the top crypto exchanges in the market, what makes the best crypto platform for beginners versus advanced traders, how to choose a crypto exchange that fits your needs, and how to safely connect your bank account to buy or sell crypto in NGN.

There are many crypto exchanges in Nigeria, from global brands to homegrown platforms. The best crypto exchange for you depends on your priorities: a user friendly app, access to P2P trading, a wide range of cryptocurrencies, or perhaps a platform with strong customer support. When choosing a crypto exchange, you need to look at security features like two factor authentication, fee schedules, deposit and withdrawal options for your bank account, and the exchange’s reputation and liquidity. This page brings together the top exchanges in 2025, with practical steps on how to buy and sell Bitcoin and crypto in the Nigerian market.

The top crypto exchanges in Nigeria 2025 at a glance

The following platforms are among the best crypto exchanges in Nigeria 2025 for different types of users. Each exchange in Nigeria listed below is one of the leading options for the features noted, and the app is generally easy to use for beginners while still offering advanced tools.

• Luno — a user friendly exchange in Nigeria with NGN deposits and a beginner friendly app for Bitcoin and Ethereum
• Quidax — a crypto exchange built in Nigeria with buy sell and P2P trading, good for local bank transfers
• Busha — easy to use app for beginners, supports a wide range of cryptocurrencies and NGN cash out to your bank account
• Yellow Card — great for on and off ramp in the region, useful to buy or sell stablecoins and Bitcoin with NGN
• Roqqu — Nigerian-founded exchange with crypto to crypto markets and quick bank withdrawals
• KuCoin — one of the biggest global crypto exchanges, wide range of cryptocurrencies, features like futures and earning, P2P trading
• Bybit — the platform is strong for derivatives and spot trading, with low trading fees and advanced order types
• OKX — a platform for spot, futures, and earn products, high liquidity and a robust mobile app
• Kraken — a crypto exchange known for security and customer support, competitive maker taker fees
• Remitano or NairaEx — brokers and P2P alternatives for users who want simple buy sell flows

Each of the above is one of the best crypto options for different needs. There are many exchanges in the market, but these are the top starting points if you want a platform with good security, liquidity, and reasonable fees.

How to choose a crypto exchange in Nigeria

When choosing a crypto exchange in Nigeria, focus on safety, liquidity, fees, and ease of use. Below are the key factors Nigerians should look at before they buy and sell crypto on an exchange.

Security first: two factor authentication and custody

• Two factor authentication: Every good crypto exchange should support two factor authentication via authenticator apps or passkeys. SMS-only 2FA can be risky. The best crypto platforms require this before you can trade or withdraw.
• Custody and cold storage: Look for exchanges in Nigeria and global exchanges that keep most customer funds in cold storage and that publish proof of reserves or third party attestations. Address whitelisting and withdrawal holds can be helpful for beginners to avoid mistakes.
• Account protections: Anti-phishing codes, device management, and session alerts help protect your crypto. The app is safer when it supports these controls by default.

Regulatory posture and compliance in the Nigerian market

• KYC and AML: A crypto exchange should implement Know Your Customer verification using BVN or NIN, with clear disclosures and privacy controls.
• Local compliance: In Nigeria, rules have evolved. Look for platforms that follow current Central Bank of Nigeria guidelines and Nigeria SEC rules where applicable. You want exchanges in good standing that work with local banking partners.

Trading fees and total cost to trade

• Maker taker fees: Check the published maker taker schedule. A low headline fee is good, but also compare spreads and any hidden charges.
• Deposit and withdrawal costs: NGN bank transfer fees, card fees, and crypto withdrawal network fees can be a big part of your cost to buy or sell.
• P2P trading costs: If you use P2P trading to buy and sell, look at advertiser fees, escrow rules, and dispute resolution. The cheapest price is not always the best if settlement risk is high.

Access to a wide range of cryptocurrencies

• Markets that matter: Bitcoin and Ethereum are must-haves. Many users want access to USDT and USDC for stability, plus coins like BNB, Solana, Ripple, Cardano, and Litecoin. The best crypto exchanges in Nigeria 2025 offer a wide range of cryptocurrencies to buy or sell.
• Depth and liquidity: A crypto exchange can list many coins, but you need liquidity and tight spreads so your order fills near the quoted price.

Ease of use: a user friendly app and web platform

• For beginners: Clear navigation, simple buy sell flows, and transparent pricing. A good crypto app is beginner friendly with education built in.
• For advanced traders: Pro charts, multiple order types (market, limit, stop), margin and futures where permitted, API access, and advanced risk controls.

NGN support and banking rails

• Funding: If you want to use your bank account, confirm support for direct NGN deposits, cash out to your bank account, and time to settle.
• Alternatives: Card payments, fintech wallets, and P2P trading can be useful. When choosing a crypto exchange, confirm the available on-ramp methods in the app.

Customer support and education

• Support quality: Look for exchanges in Nigeria that offer live chat, clear help centers, and active status pages. If you need to resolve a P2P dispute or a failed deposit, fast customer support matters.
• Learning resources: Tutorials on how to use the platform, how to enable two factor authentication, and how to trade safely are essential for beginners.

Best crypto exchanges in Nigeria 2025: in-depth reviews

Luno

Overview: Luno is one of the most established crypto exchanges in the Nigerian market. The app is a user friendly platform focused on spot trading of Bitcoin and a few major coins. It is one of the best for beginners who want to buy and sell quickly with clear pricing.

NGN support: Deposit and withdraw NGN with local payment methods. You can cash out to your bank account. The app is designed to be easy to use and easy to understand.

Fees: Luno has transparent buy sell fees that may be higher in instant mode but lower on the order book. Check the current maker taker schedule.

Security: Two factor authentication, device management, cold storage solutions, and good operational security. The platform is built to be simple and safe for an entry level user.

Best for: Beginners, Bitcoin and Ethereum buyers, users who need a straightforward exchange in Nigeria with local banking.

Quidax

Overview: Quidax is a crypto exchange built in Nigeria with a strong focus on NGN markets and P2P trading. It is one of the best crypto options for buy sell and P2P in the region, and the app is user friendly.

NGN support: On and off ramp in NGN with bank transfers. You can deposit and withdraw to your bank account, and you can use P2P trading if you prefer.

Fees: Competitive trading fees with occasional promos for certain pairs. Always check spreads on thin markets.

Security: Two factor authentication is required. Standard KYC, crypto to crypto trading, and anti fraud checks for P2P are in place.

Best for: Users who want NGN rails, local customer support, and a platform that is easy to use for beginners.

Busha

Overview: Busha is one of the beginner friendly exchanges in Nigeria focused on simplicity and education. The app is clean, and the platform supports a wide range of cryptocurrencies compared with some local competitors.

NGN support: Direct deposits and withdrawals to your bank account, and card options in some cases. Buy and sell Bitcoin and stablecoins with minimal friction.

Fees: Transparent pricing with simple buy sell fees for small orders. Larger orders can use the spot book for lower trading fees.

Security: Two factor authentication, address whitelisting, and rules-based risk engines. Good customer support for a local exchange.

Best for: First-time buyers who want a good crypto app to use in the Nigerian market.

Yellow Card

Overview: Yellow Card is a regional on-ramp and off-ramp rather than a full pro exchange. It is one of the best for quick buy sell in NGN, especially for stablecoins like USDT, and for users who need to send and receive value across borders.

NGN support: Strong. Easy deposit and withdrawal options aligned to local rails. You can cash in and cash out to your bank account with predictable settlement.

Fees: Clear fee schedule. While spreads can be higher than pro exchanges, the convenience is a major benefit.

Security: Two factor authentication and fraud prevention tools. The platform is simple, which reduces attack surface for beginners.

Best for: Users who want the easiest way to buy or sell Bitcoin and stablecoins without advanced trading tools.

Roqqu

Overview: Roqqu is a Nigerian-founded platform that offers a wide range of cryptocurrencies and fast payouts to bank accounts. It provides both simple buy sell and more advanced features like crypto to crypto trading.

NGN support: Direct bank transfers to and from your bank account, with typical settlement times. The app is easy to use.

Fees: Competitive for market orders and reasonable for withdrawals. Always compare the quoted total price for large orders.

Security: Standard two factor authentication and operational controls. A good crypto platform for everyday use.

Best for: Users who want to buy and sell quickly and then withdraw NGN to their accounts.

KuCoin

Overview: KuCoin is one of the most popular global crypto exchanges, known for listing a wide range of cryptocurrencies, deep liquidity, and advanced features. It is one of the top choices if you want access to hundreds of trading pairs.

NGN support: Depending on current partnerships, you may use P2P trading for NGN and third party channels for card and wallet payments. Check the app for available methods in Nigeria.

Fees: Very low maker taker fees, with discounts for high volume, native-token tiers, and maker rebates. Spreads are tight on major pairs.

Security: Two factor authentication, device management, anti-phishing codes, withdrawal whitelists, and proof-of-reserves style disclosures. The platform also supports sub-accounts and API keys for more advanced users.

Best for: Altcoin access, active trading, and users who need a platform with advanced order types and derivatives.

Bybit

Overview: Bybit is a derivatives-focused crypto exchange with strong spot markets and one of the most polished mobile apps. It is one of the best for traders who want low fees, high liquidity, and features like copy trading and grid bots.

NGN support: P2P trading is often available for NGN settlement. Bybit also works with third party payment providers for buy or sell in fiat. Always verify the current options in the app.

Fees: Among the most competitive in the market for both spot and futures. Maker fees can be very low, and taker fees are reasonable on top pairs.

Security: Two factor authentication is mandatory for withdrawals, with withdrawal address whitelists and manual review for large transfers. Good track record and robust risk engines for derivatives.

Best for: Experienced traders who want to trade with advanced tools, while still having a user friendly interface.

OKX

Overview: OKX is a full-featured platform with spot, margin, futures, options, and earn products. It is one of the most comprehensive crypto exchanges in the world, with a wide range of cryptocurrencies and deep liquidity.

NGN support: P2P trading and third party partners often provide NGN access. Check the app for current P2P market depth in Nigeria.

Fees: Competitive maker taker tiers, with additional discounts for volume and native-token usage. Spreads are tight for major pairs like BTC USDT and ETH USDT.

Security: Two factor authentication, device and login management, and frequent security audits. OKX also publishes asset snapshots for transparency.

Best for: Users who want a platform that combines liquidity, advanced features, and an easy to use app for everyday trading.

Kraken

Overview: Kraken is a long-standing crypto exchange known for security, compliance, and customer support. While it may not be locally focused, it is one of the best for users who prioritize security and regulated operations.

NGN support: Direct NGN banking may be limited. However, crypto to crypto trading is strong, and stablecoin rails can be used with third party providers.

Fees: Clear maker taker tiers with volume-based discounts. Low spreads on major pairs and good depth.

Security: Industry-leading practices including two factor authentication, global SOC2 audits, and a strong record on custody controls.

Best for: Users who want the most conservative exchange experience with strong customer support and straightforward fees.

Remitano or NairaEx

Overview: These platforms are oriented toward simplicity and P2P or brokerage-style buy sell. They are among the best for users who need an easy to use flow to buy or sell Bitcoin and stablecoins without pro trading tools.

NGN support: Strong support for local settlement and bank transfers. You can cash out to your bank account with clear steps.

Fees: Brokerage spreads can be higher than order book exchanges. The trade-off is convenience and speed.

Security: Make sure you enable two factor authentication and follow P2P safety best practices. Use escrow and only confirm release when funds are verified.

Best for: Beginners and users who want simple buy sell without learning complex trading interfaces.

Fees explained: what you pay to buy and sell crypto

Trading fees are one of the most important factors when choosing a crypto exchange. The total cost you pay to buy or sell is a combination of the quoted price, the maker taker fee, and any deposit or withdrawal fees associated with your bank account or payment method.

• Maker taker fees: Makers add liquidity by placing limit orders that rest on the book. Takers remove liquidity by executing against existing orders. Maker fees are often lower than taker fees. The best crypto exchanges in Nigeria 2025 publish transparent tiers.
• Spreads: The difference between the best bid and ask. On large exchanges in, spreads on BTC USDT are typically very tight. Thin markets can have wider spreads, increasing your cost.
• Deposit and withdrawal: Bank transfer fees, card processing fees, and crypto network fees all matter. For crypto withdrawals, fees vary by coin and network congestion.
• P2P costs: Some platforms charge advertiser fees or escrow fees. Even when there is no explicit fee, unfavorable rates can act like an implicit fee.
• Other charges: Conversion fees for NGN to USD or stablecoins, inactivity fees on some platforms, and premium pricing on instant buys.

Tip: If you often buy small amounts, a simple, easy to use instant buy with a slightly higher fee can be fine. If you trade larger sizes, placing limit orders on a liquid book can be the best for cost control.

How to buy and sell Bitcoin and crypto in Nigeria

Here is how to use a crypto exchange in Nigeria to buy or sell Bitcoin and other coins with your bank account. The app is similar across most platforms.

1. Create an account: Sign up with your email and phone number. Enable two factor authentication immediately using an authenticator app.
2. Complete KYC: Upload a valid government ID, verify your BVN or NIN if requested, and take a selfie. This step is required to unlock deposits, withdrawals, and higher limits.
3. Connect your bank account: On the deposit page, choose NGN. Link your bank details or use an instant transfer method. Make a small test deposit first.
4. Deposit NGN: Follow the instructions to deposit funds into the exchange in Nigeria you selected. Confirm the reference code if provided.
5. Buy crypto: Use the buy sell page to purchase Bitcoin and other coins. You can use market orders for instant purchase or limit orders to set your own price.
6. Secure your crypto: Consider moving longer-term holdings to your own wallet. If you keep funds on the exchange, enable address whitelisting and two factor authentication. For larger balances, a hardware wallet is recommended.
7. Sell crypto and withdraw NGN: When you want to sell crypto, go to the sell page, choose your coin, and select NGN withdrawal to your bank account. Confirm withdrawal fees and time to settle.

Alternatively, you can use P2P trading to buy or sell USDT or Bitcoin with NGN. Always use the platform’s escrow and only release crypto once you confirm funds have arrived in your bank account.

P2P trading in Nigeria: how to use it safely

P2P trading is popular in the Nigerian crypto ecosystem because it provides flexible settlement and access to a wide range of payment methods. It can be one of the most affordable paths to buy or sell, but you should follow best practices.

• Pick reputable advertisers: Filter for high completion rates, a long history of trades, and positive feedback. The best crypto P2P markets label top merchants.
• Always use escrow: The exchange’s escrow protects you. Never agree to take a deal off the platform.
• Verify bank account names: Ensure the name on the counterparty’s bank account matches their verified KYC profile.
• Avoid reversible methods: For high-value trades, prefer bank transfers with clear references. Screenshots are not proof.
• Stay in chat: Keep all communication on the platform so support can review if there is a dispute.
• Release only when funds are confirmed: Validate that NGN has settled in your bank account before releasing crypto from escrow.

Security checklist: protect your crypto

To keep your crypto safe on the exchange and in your own wallet, follow this checklist.

• Enable two factor authentication everywhere, preferably via authenticator app or passkeys.
• Turn on withdrawal address whitelisting and lock changes for 24–48 hours.
• Use a unique email and a unique password for the exchange, stored in a password manager.
• Set anti-phishing codes so genuine emails from the exchange include your code.
• Keep devices updated and avoid public Wi-Fi for trading sessions.
• For long-term holds, use a hardware wallet and back up your seed phrase offline.

Regulation, legality, and taxes in Nigeria

In the Nigerian market, policy has changed over time. As of late 2023 and into 2024, authorities provided guidance that allowed banks to work with virtual asset service providers under certain conditions, reversing earlier restrictions. However, rules can change and there may be periods of tighter oversight on specific activities like P2P trading in NGN. If you plan to use a crypto exchange in Nigeria in 2025, check the current status with your exchange and follow official updates.

Taxes may apply to gains from crypto in, depending on your personal circumstances. Keep records of your buys and sells, including dates, amounts, and costs. Many exchanges in Nigeria and global platforms offer downloadable statements to help you calculate gains and losses. If you need to understand how to file, consider working with a tax professional who knows the local rules and how to handle crypto to fiat conversions and crypto to crypto trades.

Note: This article is for education only. It is not financial or tax advice. Do your own research when choosing a crypto exchange.

Comparing features: which exchange in Nigeria is the best for you

There is no single platform that is the best for everyone. Here is how to match an exchange to your needs.

• For beginners who want an easy to use app: Luno, Busha, Quidax are the most user friendly options. The app is straightforward, fees are clear, and buy sell flows are simple.
• For a wide range of cryptocurrencies: KuCoin, OKX, and Bybit are the top choices with hundreds of pairs and deep liquidity.
• For NGN deposits and fast cash out to your bank account: Luno, Quidax, Busha, Yellow Card, and Roqqu provide strong local rails.
• For advanced trading and low fees: Bybit and OKX stand out for derivatives, while KuCoin is strong for altcoins and spot trading with low maker fees.
• For security and support: Kraken is one of the best for conservative users and institutions who prefer a compliance-first approach.
• For P2P trading: KuCoin, OKX, Bybit, and Quidax typically have active P2P markets in the region, giving you flexibility to buy or sell with NGN.

What can you trade: coins and pairs that matter in Nigeria

The best crypto exchanges in Nigeria 2025 provide access to the most important pairs and a wide range of cryptocurrencies, including Bitcoin and Ethereum as core assets. You can also use USDT and USDC as stable stores of value for trading, savings, and payments.

• Top assets: Bitcoin, Ethereum, USDT, USDC
• Popular layer-1s: BNB, Solana, Cardano
• Other majors: Ripple, Litecoin, Tron, Polygon
• NGN pairs: Look for BTC NGN, USDT NGN, and ETH NGN where available. If not available, you can use USDT markets and then cash out in NGN.

For beginners, sticking to the most liquid pairs is the best way to minimize slippage and get fair pricing. Advanced traders can explore altcoins, but always research projects and avoid illiquid markets.

Common mistakes to avoid when trading crypto in Nigeria

• Skipping two factor authentication: This is the most common security error. Enable it on day one.
• Falling for off-platform P2P deals: Always use escrow and platform chat to keep records and reduce fraud risk.
• Using one exchange for everything: You can diversify by keeping a small trading balance on an exchange and storing long-term holdings in your own wallet.
• Ignoring fees: The cheapest headline fee is not always the lowest total cost. Consider spreads, deposit and withdrawal fees, and execution quality.
• Buying coins with no liquidity: Thin markets can move against you quickly. The best crypto strategy for most beginners is to buy and sell the most liquid pairs.

Step-by-step: how to compare two exchanges side by side

1. Create demo accounts: Most platforms let you register for free. Explore the app to see if it is easy to use.
2. Check deposit methods: Confirm your bank account is supported. Make a small deposit to test speed and fees.
3. Compare fees: Look at maker taker rates and instant purchase pricing for the same pair and size.
4. Place test orders: Try a small market order and a limit order on BTC USDT to experience fills and spreads.
5. Withdraw test amounts: Withdraw a small amount of NGN to your bank account and a small crypto withdrawal to verify speed and costs.
6. Contact support: Ask a basic question and gauge response time and clarity.

Device and account hygiene for Nigerian traders

• Use separate email accounts for exchanges in to reduce cross-service risk.
• Keep your phones updated. The app is only secure if your device is secure.
• Enable biometric login and app-specific pins where supported.
• Monitor login history and active sessions on the exchange’s security page.

Final thoughts: picking the best crypto exchange in Nigeria 2025

The best crypto exchanges in Nigeria 2025 combine strong security, local NGN rails, low trading fees, and a user friendly app experience. There are the top global platforms with deep liquidity and advanced features, and there are Nigeria-focused platforms with simple buy sell and reliable cash out to your bank account. If you want to trade actively, look for high liquidity and advanced order types. If you want to buy and hold Bitcoin and stablecoins, a simple and secure platform is the best match. Above all, enable two factor authentication, verify the exchange’s compliance posture, and start with small amounts until you are comfortable with how to use the platform.

FAQ

What crypto is going to do the best in 2025?

No one can guarantee which crypto will be the best in 2025. Historically, Bitcoin and Ethereum have been the most resilient across cycles, and they are the most liquid on nearly every crypto exchange. Beyond those, performance can vary by sector: layer-1 platforms like Solana and BNB, scaling solutions, and real-world asset tokens have gained attention. The best approach for most people is to diversify across a few large assets, understand your risk tolerance, and avoid chasing short-term hype. Always do your own research before you buy or sell.

Is cryptocurrency legal in Nigeria in 2025?

As of 2024, owning and trading crypto was not prohibited, and guidance allowed licensed financial institutions to work with virtual asset service providers under defined rules. However, policy can change, and specific activities like NGN P2P trading have faced periods of heightened scrutiny. For 2025, you should check the latest Central Bank of Nigeria and Nigeria SEC updates and confirm your exchange’s current status for NGN deposits and withdrawals.

Can Coinbase be used in Nigeria?

Availability depends on the product. Historically, the main Coinbase exchange offered limited support for NGN, while Coinbase Wallet and third party on-ramps provided some access to buy and sell through partners. In Nigeria, many users rely on exchanges like Luno, Quidax, Busha, Yellow Card, KuCoin, Bybit, and OKX for broader NGN options. Check Coinbase’s current country availability in 2025 to confirm what you can use.

Who is the best crypto trader in Nigeria?

There is no single best crypto trader in Nigeria. The most successful traders typically have a repeatable process, strict risk management, and use tools like stop losses and position sizing. If you want to learn, focus on education from reputable sources, practice on demo or small-size trades, and avoid signal groups that promise guaranteed returns. A good crypto strategy is one that you understand and can execute consistently.