Best cryptocurrency trading platforms Nigeria 2021
          

Best cryptocurrency trading platforms Nigeria 2021

Today, the word "cryptocurrencies" divides us all into two camps: some know nothing about it, while the latter make all the money with it. If you plan to study this innovative phenomenon of our financial system, you must first choose a platform to work and study.

Cryptocurrency trading continues to grow and take root, offering modern and sophisticated options. As more exchanges and options become available to traders, finding an exchange to trade on can become a daunting task.

Coinbase

Coinbase was founded relatively recently, but it has already gained a solid position in the list of the best cryptocurrency exchanges in the world. Such results have become possible thanks to the available interface languages and other advantages of this platform.

According to reviews of the Coinbase exchange, one of its major advantages is the availability of convenient services for work: current exchange rates, charts, news, descriptions, transaction history, etc. In addition, given the complexity of the legislation of different countries in 2021, this cryptocurrency exchange has its official mirror in case the main site is blocked.

Of course, the whole process of trading and exchanging cryptocurrencies largely depends on the ease with which money can be deposited and withdrawn. According to the summaries of Coinbase reviews, users especially appreciate the availability of a sufficient number of options to credit and withdraw the money earned in the form of not only cryptocurrencies and e-wallets, but also ways to deal with fiat money (dollars, euros, etc.):

  • 23 types of coins.
  • The rates charged for all operations under $200 are as follows: $ 0.99 - $ 2.99 - for operations from $ 0 to $200; for over $200, a fixed interest rate comes into play. Its size depends on the payment method.
  • Free mobile and online wallet. The advantage of this wallet is that transactions can be made off-blockchain.
  • You can pay funds that can be deposited and withdrawn using a bank card, transfer and a range of payment systems. SEPA transfers are available for EU residents.
  • Two-factor authentication. All website traffic is encrypted using the SSL cryptographic protocol; All wallets keys are protected by AES-256 encryption. Only 2% of her clients' cryptocurrency funds are stored online, and they are insured in case of loss.
  • Android and iOS app.

Binance

Binance is one of the largest cryptocurrency exchanges in the world, founded in 2017. It is trusted, popular and loved by almost all traders. The daily trading volume on the exchange reaches over $1 billion, and about 1,400,000 orders are processed every second. The company offers the lowest commission per transaction.

The exchange has earned the trust of the cryptocurrency community, primarily thanks to a strong team of developers who know their trade very well.

The fact that Binance was at the top of the rankings for so long and received so many positive reviews can be attributed to several factors: ease of use - Binance was one of the first major exchanges where people could register on the platform with just their email address and get immediate access to a wide range of tokens; its responsiveness in handling a large number of transactions; low commissions; a global approach to its business and the availability of the platform in multiple languages; very low trading costs:

  • 740 different crypto and fiat pairs, including own token BNB.
  • Binance offers competitive trading fees (commissions): 0.1% on each side of the trade, or 0.075% if you are using your Binance tokens (BNB).
  • Trust Wallet mobile application.
  • Bank transfer, debit/credit cards, various P2P payment channels.
  • The exchange launched CryptoSafe Alliance (CSA). This initiative will bring together exchanges, blockchain protocols, cybersecurity experts, and regulatory compliance companies. It is the first comprehensive threat monitoring and protection tool in a decentralized data exchange environment.
  • A free app is available in Google Play Store or the App Store.

Kraken

Kraken was founded in 2011 by Jesse Powell. The platform was officially launched in 2013. Kraken has managed to gain the trust of its users. No successful hacker attacks against the exchange have been recorded.

Kraken is a self-regulated exchange, meaning it develops its own security policies and operational rules. However, it complies with the rules and regulations of many supported jurisdictions.

To start trading on the exchange, you need to make a deposit in cryptocurrency or a bank card (only for customers of partner banks of Kraken). But to make a deposit, you must go through a mandatory verification. As a general rule, there is no possibility to open a demo account on the exchange.

Leverage is available on the stock market. Leverage is the ability to place orders that are larger than the user's existing balance. This can lead to larger profits compared to placing an order using only the portfolio balance. Trading under these conditions is called "Margin Trading":

  • 8 tokens are available.
  • Transactions under 50,000 units of a particular currency are subject to a commission of 0.16% for the seller and 0.26% for the buyer. For sums over 50,000 units, commissions are reduced to 0.14% and 0.24% respectively.
  • No crypto wallet is offered on the site.
  • Crypto wallets and money transfers via bank transfer. Deposit/withdrawal via bank cards is not available.
  • The exchange offers users two-factor authentication, PGP encryption, and global settings lock, which prevents any account changes within a certain period of time.
  • Kraken Pro and Kraken Futures applications.

Bittrex

Bittrex Exchange (Bitrix) is a well-known and reliable trading platform on the market. You can trade cryptocurrencies there without fear, the liquidity of the site is high and the security is second to none. Many young and promising projects want to join the site, because the source opens the door for them to the market of digital goods.

As for the security of storing money on the exchange, Bittrex recommends the use of two-factor authentication, which has already become the industry standard. There are no known cases of major hacker attacks against Bittrex.

User reviews about Bittrex are mostly positive. Users like the feeling of dealing with a real market and the amount of cryptocurrencies offered. There are posts where users complain about the slow response time of the support service, but the number of such posts is not large.

Its main feature and competitive advantage is the large number of cryptocurrencies available for trading: more than 250 at the moment. However, it should be noted that the company does not accept fiat deposits, which can be a limitation for inexperienced users. The web interface will appeal to even the most sophisticated traders. Furthermore, Bittrex is the option for those looking to trade rare coins. As such, Bittrex is one of the largest exchanges for cryptocurrency:

  • 250+ trading pairs are available.
  • Topping up your euro account is available via SEPA credit transfer, international bank transfer, bank card. Fiat funds withdrawal is possible to a bank account using an international bank transfer, and for euros, a SEPA credit transfer is supported. The withdrawal commission depends on the chosen currency: in bitcoin, it is 0.0005 BTC, in Ethereum - 0.00600000 ETH. The site has a fixed trading fee of 0.25% of the total value of the order.
  • No crypto wallet.
  • Bank transfers, credit/debit cards.
  • Two-factor authentication (2FA), IP check, which requires an email confirmation of entry from a new IP-address, IP whitelists, Cold storage for 80%-90% assets.
  • There are two apps for Android and iOS respectively: Bittrex Global and Bittrex.

BitMex 

BitMEX, short for Bitcoin Mercantile Exchange, is an advanced trading and exchange platform for cryptocurrencies. Unlike many cryptocurrency exchanges that trade one cryptocurrency for another, BitMEX focuses on trading derivatives: perpetual contracts, as well as daily and weekly futures.

Cryptocurrency futures contracts are an agreement to buy or sell an underlying asset (cryptocurrency) at a predetermined price for a specified date in the future. Perpetual Contracts - These contracts are similar to futures, except they have no expiration date or term.

BitMEX is a trusted cryptocurrency exchange for advanced users interested in trading cryptocurrencies on the margin. The company is constantly improving, adding new features and expanding the list of available assets. You do not need to undergo verification to operate. Bitmex uses cold wallets with multiple signatures to store customer funds. All cash withdrawals are processed manually at the specified time, once a day:

  • 55 trading pairs.
  • BitMEX does not charge any fees for deposits or withdrawals. When withdrawing BTC, a minimum Bitcoin Network commission is applied; commissions for takers are 0.075% of the total order value, while makers are paid an additional 0.025% for each trade.
  • Crypto BitMEX wallet.
  • Beyond virtual currencies, BitMEX does not accept any other deposits.
  • Funds are stored in cold wallets; Two-factor authentication; Registration via SMS notifications; Multi-signature wallets for transactions; Email communications are encrypted using PGP encryption.
  • BitMEX Mobile launched in September 2020.

Bitfinex

Bitfinex is a fairly large cryptocurrency exchange that has been serving traders since 2012. This trading platform for cryptocurrency assets operates under the jurisdiction of Hong Kong. In its already relatively long history, the exchange has endured many trials and tribulations: repeated attempts of hacker attacks, blocking the inflow and outflow of funds from foreign banks. But despite all the difficulties, Bitfinex has become one of the most popular platforms for trading digital assets in the world.

User protection is ensured by two-factor authentication, which means that it is not enough for attackers to know the trader's password to steal money. Moreover, Bitfinex is one of the few exchanges that limit the withdrawal limit if the user logs into the account from an unknown IP address. It is also worth noting that only 0.5% of the exchange's assets are available for trading, the other 99.5% are kept in a safe place: in a cold wallet.

For new traders, the developers of the site have created an introductory tour, which explains in detail the features of the exchange. Bitfinex's interface has been translated into many popular languages of the world:

  • Over 140 coins and 300 trading pairs.
  • No additional payments for deposits and withdrawals in digital coins. When you deposit USD, you will have to pay a commission of 0.1%, but not less than $ 20;Minimum fee for withdrawing fiat money is $ 60; With the minimum currency turnover per month, the trading fee is 0.1% for the maker and 0.2% for the taker.
  • Users are offered three wallets to choose from - Exchange Wallet, Margin Wallet, and Financing Wallet.
  • In addition to digital currencies, bank transfers and card withdrawals are available to users.
  • Only 0.5% of crypto assets are kept online to support daily transactions. The rest of the coins are kept in cold wallets out of the reach of hackers. For these wallets to become available, manual authorization of several members of the management team is required.

Localbitcoins

LocalBitcoins is a P2P exchange for buying bitcoins with offline fiat money, online e-money and some altcoins. It is considered a reliable platform for direct and decentralized exchange between parties to a transaction. Thus, you can quickly acquire bitcoins through a variety of convenient methods.

The main feature of the LocalBitcoins cryptocurrency exchange is that the site is 100% decentralized. People from all over the world trade, and LocalBitcoins acts as an intermediary, ensuring that the terms of the transaction are met by both parties.

Although LocalBitcoins is a cryptocurrency exchange, it is not suitable for speculative transactions involving high frequency trading. It is a platform for those who want to buy/sell tokens at the most favorable price.

Privacy: The only information required is an email address to register an account. No personal authentication is required and transactions can be made directly with another user, rather than with a third party:

  • The service does not charge a commission from the buyer.  For sellers, there is a set commission of 1% on each sale.
  • Bank transfers, banking cards, electronic systems.
  • The security of the transaction is ensured by the escrow method, which has proven to be highly effective; User accounts are protected by two-factor authentication.

Poloniex 

Poloniex is one of the largest cryptocurrency exchanges in the world. It offers the highest trading volumes for most altcoins that can be exchanged for Bitcoin.

One of the main advantages of the stock market is its lower cost. This is probably the most important factor for large investors. This means that the higher the transaction value between users, the lower the commission.

The cryptocurrency exchange Poloniex, founded in 2014 in the United States, remains one of the most popular platforms among traders and investors.

It is noteworthy that Poloniex cryptocurrency exchange has a nice and smooth design, a convenient and intuitive interface, perfect for both experienced traders and beginners. In addition to the traditional spot exchange, at Poloniex you will find options (section) to trade on margin, and a section for those who want to lend their money, something that has recently appeared on the market:

  • 100+ currency pairs.
  • All deposits are allowed without any additional charges; The withdrawal fee is fixed, and it depends on the type of the currency; commissions are from 0 to 0.25%. Maker commission is from 0% to 0.15%; taker commission is from 0.1% to 0.25%. The higher is the volume of completed transactions in one month, the lower is the commission for all subsequently completed transactions.
  • Own Wallet.
  • Replenishment of an account with a bank card or withdrawal to a card are not available for users of some countries.
  • The administration highly recommends adding two-factor authentication to your account.
  • Mobile application.

Kucoin

Currently, the cryptocurrency exchange KuCoin is based in the jurisdiction of Hong Kong. A wide list of promising cryptocurrencies are currently traded on the site. A unique feature of the KuCoin exchange is that it shares half of its profits daily with anyone who has an internal token in their wallet: the KuCoin Shares cryptocurrency (KCS). Also, like Binance, KuCoin charges very low transaction fees and discounts are offered to owners of KuCoin shares.

The interface of the Kucoin exchange is an absolutely standard user-friendly panel with the usual layout of windows and interfaces. Any user who has had at least one experience with the exchange can easily figure out how to work on the KuCoin exchange.

If you study the reviews of KuCoin users, you will generally get a positive impression. Users usually leave positive reviews. Among the positive reviews about KuCoin exchange, they usually mention: low transaction and withdrawal fees, the possibility to benefit from the storage of the KCS token, convenient and understandable trading interface for a beginner, different language versions (about ten standard translations), increased security of the exchange mechanism:

  • 200+ coins and 450+ trading pairs.
  • All deposits are free on the site, and there is a fixed fee for withdrawals; KuCoin offers a flat commission of 0.10%, which is less than the industry average.
  • Inner site crypto wallet.
  • A variety of payment methods supported by P2P fiat services.
  • The exchange offers you the option to set up two-factor authentication by Google Authenticator.
  • Mobile application.

Bitpanda

Currently, the submitted cryptocurrency exchange is considered one of the most reliable in the world, and is intended for traders from European countries. American citizens, for example, are not allowed to work on it. Before starting the auction, you need to provide information about yourself and confirm it. Bitpanda verification is divided into 3 levels: bronze, silver and gold. The withdrawal limits depend on these levels.

The presented platform has many advantages, and it is these that have caused its great popularity. First of all, a big plus is the support for the euro, because absolutely everyone is used to using fiat money. Second, the fees charged for the service remain small, which appeals to traders. Thirdly, an affiliate program was launched not long ago. You can make money from it by attracting new users. Fourth, a clear advantage is the speed of registration. Fifth, the site has an intuitive interface and works stably:

  • Bitcoin, Ethereum and 30+ digital assets.
  • The trading commission of the service depends on the type of currency and the nature of the transaction. When buying bitcoins, you pay 1.49%, when selling - 1.29%.
  • Commission for replenishment and withdrawal is fixed for each coin and is debited from the account.
  • Bitpanda crypto wallet.
  • You can make a deposit either by bank transfer, credit cards or electronic payment systems.
  • Bitpanda refers to systems that independently manage user wallet keys. Besides, the following security measures are offered: fund cold storage session control. Every login attempt from a new device requires two-factor authentication confirmation, authentication and validation via email.

Coinmama

Coinbase is a popular American cryptocurrency exchange. It was launched in the summer of 2012, when few people knew about cryptocurrencies, and the price of bitcoin was only $10. Today, Coinbase is rightfully in the list of top cryptocurrency exchanges, has a solid trading volume and high capitalization. The number of users exceeds 56 million people, and cryptocurrency trading is available to residents of more than 100 countries. In addition, fiat work is available on the exchange.

Coinbase is the most conservative and regulated exchange. The company is confident that it operates exclusively in the legal sphere and has already been licensed to operate in most US states, including New York, where it is very difficult to get a document to operate.

Despite these strict operational rules, users are confident in the high level of protection of Coinbase customers' assets. 98% of users' funds are stored in offline hardware wallets, and the remaining cryptocurrencies are insured. In case of fraudulent activities, Coinbase guarantees its customers a full refund of lost funds under the insurance policy.

Coinbase is actively investing, acquiring several cryptocurrency projects.

  • The website sells Bitcoin, Ethereum. Litecoin, Bitcoin Cash, Qtum, Ripple, Ethereum Classic, Cardano, Tezos and EOS.
  • The use of credit or debit cards implies a service charge of 5%. Besides, the charges 3.90% for buying coins and 0.9% for selling these.
  • No Wallet.
  • Credit/debit cards and bank transfers; It supports SEPA and SWIFT payments.
  • Coinmama is a reputable company with a secure site using Trust Guard and Comodo technologies. Both services have confirmed that 256-bit SSL encryption is actively used on pages containing personal information.
  • Mobile app.

Paxful

Paxful's mission is to provide people with a simple and secure platform to buy and sell Bitcoin. The company is registered as a money transfer company under the laws of the United States (Delaware) with the Financial Crimes Enforcement Network of the U.S. Treasury Department.

Paxful, like LocalBitcoins, is a peer-to-peer cryptocurrency platform where users make transactions with each other. Like most similar platforms, Paxful does not store funds and acts as an intermediary for users. Paxful helps connect buyers and sellers with support for over 300 different payment methods.

At Paxful, you can sell bitcoins, setting your price and choosing your payment method.

The platform supports its own mobile wallet (Paxful Wallet), available on iOS and Android, which allows you to easily and conveniently send, receive and store bitcoins, as well as track transactions opened on Paxful:

  • Bitcoin and Tether as assets.
  • Commissions are applied for crypto selling:0.5% for bank transfers; 1% for bank cards and e-payments; 3-5% for gift cards; No commission is charged for buying cybercurrencies; Paxful will charge a transfer fee for sending funds to an external wallet. $ 0 - $ 9.99 = 0.0001 BTC$ 10 - $ 19.99 = 0.0002 BTC;More than $ 20 = 0.0005 BTC.
  • The Paxful Wallet App makes it easy to store and manage coins with your mobile wallet.
  • More than 300 ways to buy coins, including bank transfer, credit and debit cards, PayPal, Western Union, and even Amazon, iTunes or Steam gift cards.
  • The security of the system is ensured by two-factor authentication, depositing and the obligatory verification procedure when working with large amounts.
  • Paxful Wallet for Android and iOS.

HitBTC

HitBTC Exchange is a great trading platform for cryptocurrency transactions. It stands out for its user-friendly interface, reliability and support of modern tools for a comfortable working environment.

For trading in digital assets, the HitBTC exchange does not require mandatory verification of users. All registered customers can freely trade cryptocurrency assets using the trading platform's suite of tools. However, to have full access to the exchange's capabilities, users will still need verification, all for their safety.

HitBTC exchange has a number of advantages that allow it to hold a high position among the largest platforms on the cryptocurrency market. Here is a handy set of tools for trading, as well as the ability to buy tokens from projects that are in the ICO stage. The initiators regularly list the projects with potential. The reliability of the exchange is confirmed by positive customer feedback and a long working period in the market of digital assets:

  • 800 currency pairs.
  • No commissions for deposits and a fixed commission for withdrawals depending on the coin; HitBTC uses a multi-level trading fee calculation system. The more a user trades, the lower his commission will be.
  • No crypto wallet.
  • The HitBTC exchange can be replenished exclusively with digital currency.
  • The platform provides 2-factor authentication, high-end encryption technology and cold storage of funds.
  • No application.

Cryptocurrency attracts traders because of the volatility of the exchange rate. It can fluctuate by tens or even hundreds of percentage points per day. This price volatility has made digital assets a popular tool for speculators. Users trade cryptocurrencies to generate quick profits. The most convenient place to do this is on the stock exchanges. Each has its own advantages and disadvantages. Choose the place that suits you best; each is good in its own way.

SIMPLE AND RELIABLE
MONEY WITHDRAWAL
Astropay
Payguru