Bitcoin trading Nigeria 2021

Nowadays, the word "cryptocurrency" divides us all into two camps: some do not know anything about it at all, while others are already making big money from it. If you want to get acquainted with this innovative phenomenon in our financial system, you must first choose a platform on which you will work and learn.

Cryptocurrency trading continues to grow and take root, offering modern and innovative opportunities. With more and more swaps and options being offered to investors, finding an exchange to trade on can be a challenge.


Coinbase was founded relatively recently, but it has already earned a solid spot on the list of the best cryptocurrency exchanges in the world. These results were made possible by the available interface languages and other advantages of the platform.

According to Coinbase exchange reviews, one of its main advantages is the availability of convenient services that you can work with: up-to-date exchange rates, charts, news, descriptions, transaction history, etc. Considering the complexity of legislation in different countries in 2021, this cryptocurrency exchange also has an official mirror in case the main website is blocked.

Of course, the entire process of trading and exchanging cryptocurrencies relies heavily on the convenience of depositing and withdrawing funds. According to Coinbase review summaries, users especially appreciate the availability of sufficient deposit and withdrawal options, not only in cryptocurrency and e-currency formats, but also the ability to interact 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  • You can pay funds that can be deposited and withdrawn using a bank card, transfer and a range of payment systems.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 is one of the largest cryptocurrency exchanges in the world and was founded in 2017. It is reliable, popular and appreciated 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. This company offers the lowest trading fee.

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

The long stay at the top of the rankings and many positive reviews can be attributed to several factors: Ease of use - Binance was one of the first major exchanges where you could register on the platform using just an email address and get instant access to a wide range of tokens; ability to process a large number of transactions; low commissions; global approach to your business and availability of the platform in multiple languages; very low trading 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 was founded in 2011 by Jesse Powell. The platform was officially launched in 2013. Kraken has managed to earn the trust of its users. There has not been a single successful hacker attack on the exchange.

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

To start trading on the exchange, you need to make a deposit in cryptocurrency or with a bank card (only for Kraken partner bank customers). But in order to make a deposit, you must pass the mandatory verification. There is no standard possibility to open a demo account on the exchange.

Leverage is available in the stock market. Leverage is the ability to place orders that are greater than your existing balance. This can lead to higher profits than if you place an order using only your credit 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 is a well-known and reliable trading site. You can trade cryptocurrencies there without any worries, liquidity is high and security is incomparable. Many promising young projects want to join the site as it opens the door to the digital asset market for them.

When it comes to the security of storing funds on the exchange, Bittrex recommends the use of two-factor authentication, which has already become an industry standard. There are no known cases of serious hacking attacks on Bittrex.

User reviews of Bittrex are overwhelmingly positive. Users like the feeling that they are dealing with a real market, as well as the amount of cryptocurrencies offered. You can find reports where users complain about the slow response of the support team, but the number of such reports is small.

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 is interesting even for experienced traders. Moreover, Bittrex is the best choice for those who want to trade rare coins. This makes Bittrex 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, short for Bitcoin Mercantile Exchange, is an advanced trading platform and cryptocurrency exchange. Unlike many cryptocurrency exchanges that trade one cryptocurrency after another, BitMEX focuses on trading derivatives: open contracts and daily and weekly futures.

Cryptocurrency futures are contracts to buy or sell the underlying asset (cryptocurrency) at a predetermined price on a specific date in the future.

BitMEX is a reliable cryptocurrency exchange for advanced users interested in margin trading cryptocurrencies. The company is constantly improving, adding new features and expanding the list of available assets. No verification is required to operate. Bitmex uses multiple signatures and cold wallets to store customer funds. All withdrawals are processed manually once a day at a set time:

  • 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 is a fairly large cryptocurrency exchange that has been offering its services to traders since 2012. It is a cryptocurrency trading platform under the jurisdiction of Hong Kong. In its already relatively long history, the exchange has gone through many trials: multiple hacking attempts, blocked deposits and withdrawals 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 provided by two-factor authentication. This means that it is not enough for attackers to know a trader's password to steal money. Besides, Bitfinex is one of the few exchanges that set withdrawal limits when a user logs into an account from an unknown IP address. It is also worth noting that only 0.5% of the exchange's assets are available for trading, while the remaining 99.5% are stored in a secure location - a cold wallet.

For new traders, the website developers have created an introductory tour that explains in detail the features of the exchange. 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 is a P2P exchange for buying bitcoin for offline fiat money, online electronic money and some altcoins. It is considered as a reliable platform for direct decentralized exchange between trading parties. It allows you to buy bitcoins quickly and through various convenient methods.

A key feature of the LocalBitcoins cryptocurrency exchange is that the site is 100% decentralized. People 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.

LocalBitcoins is a cryptocurrency exchange, but it is not suitable for high frequency speculative trading. It is a platform for those who want to buy/sell tokens at the best possible price.

Privacy: The only information you need is your email address for account registration. Personal authentication is not required, and transactions can be made directly with another user and 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 is one of the largest cryptocurrency exchanges in the world. It offers 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 commissions. This is probably the most important factor for large investors. This means that the larger the amount of transactions between users, the lower the commission.

Founded in 2014 in the US, the Poloniex cryptocurrency exchange remains one of the most popular platforms among traders and investors.

It should be noted that the Poloniex cryptocurrency exchange has a nice soft design and a friendly and intuitive interface that is ideal for both experienced traders and beginners. In addition to the traditional spot exchange, you will also find on Poloniex options (range) for margin trading, as well as a range for those willing to lend their money, something that has only 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.


Today, the KuCoin cryptocurrency exchange is based in Hong Kong. A large list of promising cryptocurrencies is currently traded on the website. A unique feature of the KuCoin exchange is that it shares half of its profits every day with anyone who has an internal token in their wallet - KuCoin Shares Cryptocurrency (KCS). Like Binance, KuCoin charges very low transaction fees, and discounts are provided for KuCoin share holders.

The KuCoin Exchange interface is a completely standardized, user-friendly panel with a familiar window and interface layout. Any user with at least one experience with the exchange will easily understand how to trade on KuCoin Exchange.

If you study the user reviews about KuCoin you will get an overall positive impression. Users usually leave positive feedback. Among the positive reviews of KuCoin exchange, the most frequently mentioned are: low fees for transactions and withdrawals, the ability to benefit from the storage of KCS tokens, friendly and understandable for beginners trading interface, many language versions (about ten normal translations), increased security of the exchange engine:

  • 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.


It is now considered one of the most trusted cryptocurrency exchanges in the world and targets traders from European countries. For example, US citizens are not allowed to work there. Before you start trading, you need to provide and verify your login details. Bitpanda verification is divided into 3 levels: Bronze, Silver and Gold. The withdrawal limits depend on these levels.

The platform offers many advantages that have made it so popular. Firstly, the support of the euro is a big plus since absolutely everyone is used to using fiat money. Second, the fees that the service charges are low, which attracts entrepreneurs. Thirdly, not so long ago, an affiliate program was introduced. This allows you to earn money by attracting new users. Fourth, quick registration is a definite plus. Fifth: the site has an intuitive user 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.


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 deservedly one of the leading cryptocurrency exchanges, with solid trading volume and high capitalization. The number of users exceeds 56 million, and cryptocurrency trading is available to residents of more than 100 countries. Fiat trading is also possible on the exchange.

Coinbase is the most conservative and highly regulated exchange. The company relies solely on operating within a legal framework and has already been licensed for most US states, including New York, where it is very difficult to obtain a business license document.

Despite these strict rules, Coinbase users are confident in the high protection of customer funds. 98% of users' funds are stored in offline hardware wallets, and the rest of the cryptocurrency is insured. In case of fraud, Coinbase guarantees its customers a full refund of lost money under its insurance policy.

Coinbase actively invests by acquiring various 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's mission is to provide people with a simple and secure platform to buy and sell bitcoin. The company is registered under U.S. (Delaware) law as a money transfer company with the U.S. Treasury Department's Financial Crimes Enforcement Network.

Like LocalBitcoins, Paxful is a peer-to-peer cryptocurrency platform where users transact with each other. Like most platforms, Paxful does not store funds and acts as an intermediary for users. Paxful helps bring buyers and sellers together by supporting over 300 different payment methods.

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

The platform supports its own mobile wallet (Paxful Wallet), which is available on iOS and Android and allows you to easily and conveniently 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 is a great trading platform for cryptocurrencies. It features a user-friendly interface, reliability and support for modern tools for convenient operation.

At HitBTC, users do not need to be verified to trade digital assets. All registered customers can freely trade cryptocurrencies using the trading platform tools. However, for your safety, you still need to verify yourself to get full access to all the features of the exchange.

HitBTC has a number of advantages that place it at the forefront of major cryptocurrency marketplaces. It offers a convenient set of trading tools, as well as the ability to purchase tokens from projects in the ICO phase. Developers regularly add projects with potential to the list. The credibility of the exchange is confirmed by positive customer feedback and a long time of operation on 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 their volatility. On a daily basis, it can fluctuate by tens or even hundreds of percent. This price volatility has made the digital asset a popular tool for speculators. Users trade cryptocurrencies for quick profits. The most convenient place to do this is on stock exchanges. Each of them has a number of advantages and disadvantages. Please choose the site that is best for you, as each is good in its own way.