Best platform to buy bitcoin Nigeria 2021
          

Currently, the word "cryptocurrencies" divides us all into two camps: some people know nothing about them, and others are already making all the money on them. If you are going to start studying this innovative phenomenon of our financial system, you must first choose a platform on which you will work and study.

Cryptocurrency trading continues to grow and take root, offering modern and advanced features. As more and more exchanges and options are offered to investors, finding an exchange to trade on can become a daunting task.

Coinbase

Coinbase was founded relatively recently, but it has already managed to take a solid position on the list of the best cryptocurrency exchanges in the world. These results were made possible by the available interface languages, as well as other advantages of this platform.

According to critics of Coinbase exchange, one of its significant advantages is the availability of convenient services to work with: up-to-date exchange rates, charts, news, descriptions, transaction history, etc. In addition, given the complexity of legislation in various 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 depends largely on the convenience of depositing and withdrawing funds. According to the summary of Coinbase reviews, users appreciate, first of all, the availability of a sufficient number of options for funding and withdrawal of earned money in the form of not only cryptocurrencies and e-wallets, but also the ability to interact with fiat currency (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  • You can pay funds that can be deposited and withdrawn using a bank card, transfer and a range of payment systems.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. Reliable, popular and liked by almost all traders. The daily trading volume on the exchange reaches more than $1 billion, and about 1,400,000 orders are processed per second. The company offers the lowest commission per trade.

The exchange has earned the trust of the cryptocurrency community, primarily due to its strong team of developers who know their stuff very well.

Such a long time at the top of the rankings and so many positive reviews can be attributed to a number of factors: ease of use - Binance was one of the first major exchanges where people could register on the platform simply by using their email address and get instant access to a wide range of tokens; its responsiveness in handling a large number of transactions; low commissions; global approach to its business and availability of the platform in several languages; very low transaction fees:

  • 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. There have been no successful hacker attacks on the exchange.

Kraken is a self-regulatory exchange, which means that it develops its own security policies and operating rules. However, it is compliant with the laws and regulations of many supported jurisdictions.

To start trading on the exchange, you need to make a cryptocurrency or bank card deposit (for Kraken partner bank customers only). But in order to make a deposit, you must pass the mandatory verification. As usual, it is not possible to open a demo account on the exchange.

Leverage is available in the stock market. Leverage is the ability to place orders larger than your balance. This can lead to a higher profit compared to placing an order with only your portfolio balance. Trading under such 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 exchange platform in the market. You can trade cryptocurrencies here without any fear, the liquidity of the site is high and the security is unparalleled. Many promising young projects want to join, as this resource opens the door to the market of digital assets.

For the security of storing funds on the exchange, Bittrex recommends the use of two-factor authentication, which has already become an industry standard. Cases of serious hacker attacks on Bittrex are unknown.

User reviews of Bittrex are mostly positive. Users appreciate the feeling of dealing with a real market and the amount of cryptocurrencies offered. You may find messages in which users complain about the slow response of the support service, but the number of these messages is not significant.

Its main feature and competitive advantage is the large number of cryptocurrencies available for trading - over 250 as of today. However, it should be noted that the company does not accept fiat deposits, which may be a limitation for inexperienced users. The online interface will appeal to even the most sophisticated traders. Moreover, Bittrex is an ideal choice for those who want to trade rare coins. That is why Bittrex is one of the largest cryptocurrency exchanges:

  • 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 exchange one cryptocurrency for another, BitMEX focuses on trading derivatives: perpetual contracts and daily and weekly futures.

Cryptocurrency futures are an agreement to buy or sell the underlying asset (cryptocurrency) at a predetermined price on a specific date in the future.Perpetual contracts - similar to futures contracts, except that they have no expiration or maturity date.

BitMEX is a trusted cryptocurrency exchange for advanced users interested in margin trading cryptocurrency derivatives. The company is constantly improving, adding new features and expanding the list of available assets. There is no need to go through verification to work. Bitmex uses multi-signature wallets and cold wallets to hold customer funds. All withdrawals are processed manually at a designated 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 offering its services to traders since 2012. This cryptocurrency asset trading platform operates under the jurisdiction of Hong Kong. In its already relatively long history, the exchange has gone through a lot: repeated attempts at hacking attacks, blocking the inflow and outflow of funds from foreign banks. But despite all the difficulties, Bitfinex has become one of the most popular digital asset exchange platforms in the world.

Users are protected by two-factor authentication, which means that it is not enough for attackers to know a merchant's password to steal funds. In addition, Bitfinex is one of the few exchanges that limits the withdrawal limit if a 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, with the remaining 99.5% stored safely - in a cold wallet.

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

  • 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 bitcoin for offline fiat money, online e-money and some altcoins. It is considered as a reliable platform for direct and decentralized exchange between trading parties. It allows you to quickly purchase bitcoins through various convenient methods.

The main feature of the LocalBitcoins cryptocurrency exchange is that the site is 100% decentralized. People from all over the world trade with each other, 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 for account registration. No personal authentication is required, and transactions can be made directly with another user, not 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 provides the highest turnover for most altcoins that can be exchanged for bitcoins.

One of the main advantages of the stock market is the reduction in the size of commissions. This is probably the most important factor for large investors. It follows that the higher the value of transactions between users, the lower the commission.

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

It is worth noting that the Poloniex cryptocurrency exchange has a beautiful, elegant design, comfortable and intuitive interface that is ideal for both experienced traders and beginners. In addition to traditional spot trading, on Poloniex you will find options (a section) for margin trading, as well as a section for those who want to borrow their funds - 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

Today, the KuCoin cryptocurrency exchange is based in the jurisdiction of Hong Kong. A large list of promising cryptocurrencies are currently traded there. The unique feature of KuCoin exchange is that the daily exchange shares half of its profits with everyone who has an internal token in their wallet - KuCoin Shares (KCS) cryptocurrency. Besides, like Binance, KuCoin receives very low commissions on transactions and discounts are given to KuCoin Shares owners.

The Kucoin trading interface is an absolutely standard, user-friendly panel with a typical window and interface layout. Any user with at least one experience with the stock market can easily understand how to trade on KuCoin.

If you study KuCoin user reviews, you will generally get a positive impression. As a rule, users leave positive reviews. Among the positive reviews of KuCoin exchange most often indicate: low commissions for transactions and withdrawals, the possibility to use the storage of KCS tokens, convenient and understandable for a beginner trading interface, several versions in different languages (about ten normal 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 presented cryptocurrency exchange is considered one of the most reliable in the world and is intended for traders from European countries. For example, US citizens cannot work on it. Before starting the auction, you need to provide data about yourself and confirm it. Bitpanda verification is divided into three levels: bronze, silver and gold. The withdrawal limits depend on these levels.

The presented platform has many advantages and these are the ones that have made it very popular. First of all, a big advantage is the support of the euro, as absolutely everyone is used to using cash. Secondly, the fees charged for the service remain low, which attracts traders. Thirdly, not so long ago an affiliate program was launched. Through it, you can earn money by attracting new users. Fourth, the obvious advantage is the fast registration. Fifth, the site has an intuitive interface and works in a stable way:

  • 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 just $10. Today, Coinbase is rightly listed among the best cryptocurrency exchanges, with 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. Moreover, fiat work is available on the exchange.

Coinbase is the most conservative and regulated exchange. The company relies on the fact that it works exclusively in the legal field and has already obtained a license to work in most US states, including New York, where it is very difficult to obtain a work permit.

Despite these strict operating rules, users are convinced by Coinbase's high level of customer asset protection. 98% of users' funds are stored in offline physical wallets, and the rest of cryptocurrencies are insured. In case of fraud, Coinbase guarantees its customers a full refund of lost funds under an 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 under United States (Delaware) law as a remittance transfer operator with the U.S. Treasury Department's Financial Crimes Network.

Paxful, like LocalBitcoins, is a peer-to-peer cryptocurrency platform where users transact 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 by supporting over 300 different payment methods.

On Paxful you can sell bitcoins by setting your price and choosing your payment method.

The platform supports its own mobile wallet (Paxful Wallet), available on iOS and Android, and makes it easy and simple to send, receive and store bitcoin, as well as track open transactions 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 an excellent trading platform for cryptocurrency transactions. It features a user-friendly interface, reliability and support for modern tools for a comfortable working environment.

For trading digital assets, HitBTC exchange does not require mandatory verification from users. All registered customers can freely trade cryptocurrency assets using the trading platform's suite of tools. However, in order to access the full capabilities of the exchange, users will still have to undergo verification, the security of which is assured.

The HitBTC exchange has a number of advantages that allow it to rank high among the largest platforms in the cryptocurrency market. There is a convenient set of tools for trading, as well as the opportunity to purchase tokens from projects that are in the ICO stage. Developers regularly list projects with potential. The credibility of the exchange is confirmed by positive customer feedback and a long period of work 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.

Cryptocurrencies attract traders because of the volatility of their exchange rate. It can fluctuate by tens or even hundreds of percent throughout the day. This price volatility has made the digital asset a favorite of speculators. Users trade cryptocurrencies to generate quick profits. The most convenient place to do this are stock exchanges. Each of them has its own advantages and disadvantages. Please choose the place that suits you, each is good in its own way.

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