Cryptocurrency exchange Nigeria 2021
          

Nowadays, the word "crypto-currency" divides us all into two camps: some of us know nothing about it at all, while others are already making a lot of money with it. If you intend to start exploring this innovative phenomenon of our financial system, you must first choose a platform on which you will work and learn.

Crypto-currency trading continues to grow and take root, offering modern and cutting-edge opportunities. As investors are offered more and more swaps and options, finding an exchange to trade can be a challenge.

Coinbase

Coinbase was founded relatively recently, but has already gained a solid position in the list of the best crypto-currency exchanges in the world. These results have been made possible by the available interface languages, as well as other advantages of the platform.

According to reviews about Coinbase exchange, one of its significant advantages is the availability of convenient services to work with: current exchange rates, charts, news, descriptions, transaction history, etc. In addition, given the complexity of legislation in various countries in 2021, this crypto-currency exchange has its official mirror in case the main site is blocked.

Of course, the entire process of trading and exchanging crypto-currencies relies heavily on the convenience of depositing and withdrawing funds. According to the summary of the Coinbase review, users primarily value the availability of a sufficient number of options for depositing and withdrawing earned funds in the form of not only cryptocurrencies and e-wallets, but also ways 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  • You can pay funds that can be deposited and withdrawn using a bank card, transfer and a range of payment systems.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

Binance is one of the largest crypto-currency exchanges in the world, founded in 2017. Reliable, 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 per second. The company provides the lowest trading commission.

The exchange has earned the trust of the crypto-currency community primarily because of its strong development team, which knows its stuff.

Such a 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 people could sign up to the platform using only an email address and get instant access to a wide range of tokens; its ability to handle a large number of transactions; low fees; a holistic approach to your business and the availability of the platform in multiple 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 hacking attacks on the exchange.

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

To start trading on the exchange, you must make a deposit in cryptocurrency or with a bank card (only for customers of Kraken partner banks). However, in order to make a deposit, you must undergo a mandatory verification. By default, it is not possible to open a demo account on the exchange.

Leverage is available on the exchange. Leverage is the ability to place orders larger than the user's existing balance. This can lead to higher profits compared to placing an order with only a portfolio balance. Trading in this environment 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 is a well-known and reliable trading platform in the market. Here you can trade crypto-currencies without any worries, the liquidity of the site is high and the security is unmatched. Many promising young projects want to join the site, as this resource opens the door to the digital asset market for them.

In terms of security for storing funds on an exchange, Bittrex recommends using two-factor authentication, which has now become an industry standard. There are no known cases of serious hacking of Bittrex.

User feedback on Bittrex is overwhelmingly positive. Users appreciate the feeling of dealing with a real marketplace, as well as the number of cryptocurrencies offered. You can find reports in which users complain about the slow response from 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 - more than 250 so far. However, it should be noted that the company does not accept fiat deposits, which can be a limitation for inexperienced users. The online interface will appeal even to sophisticated traders. Moreover, Bittrex is the best choice for those who want to trade rare coins. This makes Bittrex one of the largest crypto-currency 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 platform and exchange for crypto-currencies. Unlike many crypto-currency exchanges that trade one crypto-currency for another, BitMEX focuses on trading derivatives: open-ended contracts as well as daily and weekly futures.

Crypto-currency futures are an agreement to buy or sell an underlying asset (crypto-currencies) at a predetermined price at a certain date in the future.

BitMEX is a reliable crypto-currency exchange for experienced users interested in trading crypto-currencies on margin. 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 a cold wallet to store customer funds. All withdrawals are processed manually at a specific 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 crypto-currency exchange that has been offering its services to traders since 2012. This crypto-currency trading platform operates under the jurisdiction of Hong Kong. During its already relatively long history, the exchange has gone through many challenges: numerous hacker attacks, blocked deposits and withdrawals from foreign banks. Despite the challenges, Bitfinex has become one of the most popular digital asset trading platforms in the world.

User protection is provided by two-factor authentication, which means that attackers do not need to know a trader's password to steal funds. In addition, Bitfinex is one of the few exchanges to limit withdrawals if 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 kept in a safe place - a cold wallet.

For new traders, the site's developers have created an introductory tour that explains the features of the exchange's functionality in detail. The Bitfinex 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 for offline fiat currency, online e-currency and some altcoins. It is considered a reliable platform for direct and decentralized exchange between trading parties. It allows you to quickly buy bitcoins in various convenient ways.

A key feature of the LocalBitcoins crypto-currency 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 crypto-currency exchange, 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 required is an email address to register the account. Personal authentication is not 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 crypto-currency exchanges in the world. It provides the highest trading volumes for most altcoins that can be exchanged for bitcoins.

One of the main advantages of the stock market is the reduction of 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 will be.

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

It's worth noting that the Poloniex crypto-currency exchange features a beautiful, smooth design with a user-friendly and intuitive interface, ideal for both experienced traders and newcomers alike. In addition to traditional spot trading, on Poloniex you will find options (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 crypto-currency exchange is based in the jurisdiction of Hong Kong. A large list of promising crypto-currencies 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 holds an internal token - the KuCoin Shares (KCS) crypto-currency - in their wallet. Also, like Binance, KuCoin charges very low transaction fees and discounts are available for KuCoin share holders.

The KuCoin Exchange interface is a very standard user-friendly panel with a typical layout of windows and interfaces. Any user who has dealt with the exchange at least once can easily understand how to trade on the KuCoin exchange.

If you study KuCoin user reviews, you will usually get a positive impression. Users generally leave positive reviews. Among the positive reviews of KuCoin exchange, the most frequent ones indicate: low transaction and withdrawal fees, the ability to take advantage of KCS token storage, a user-friendly and understandable trading interface for the beginner, multiple language versions (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

The represented crypto-currency exchange is currently considered one of the most reliable in the world and is aimed at traders from European countries. US citizens, for example, cannot operate on it. You have to provide and verify your credentials before you can start the auction. Bitpanda's 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 made it very popular. First of all, the support of the euro is a huge plus, as absolutely everyone is used to using fiat currency. Secondly, the fees charged by the service remain low, which attracts merchants. Thirdly, an affiliate program was launched not so long ago. It allows you to earn money by attracting new users. Fourthly, the quick registration is an undeniable asset. 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 crypto-currency exchange. It was launched in the summer of 2012, when few people knew about crypto-currencies and the price of bitcoin was only $10. Today, Coinbase is rightfully on the list of leading crypto-currency exchanges, with solid trading volume and high capitalization. The number of users exceeds 56 million and crypto-currency trading is available to residents of over 100 countries. Work on Fiat is also available on the exchange.

Coinbase is the most conservative and regulated exchange. The company focuses solely on legal work and is already licensed to operate in most U.S. states, including New York, where it is very difficult to obtain a license to operate.

Despite these strict operating rules, users are reassured by Coinbase's high level of customer asset protection. 98% of user funds are stored in offline physical wallets, while the remaining cryptocurrencies are insured. In case of fraud, Coinbase guarantees its customers a full refund of their lost funds through an insurance policy.

Coinbase is actively investing 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

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

Paxful, like LocalBitcoins, is a peer-to-peer crypto-currency platform where users transact with each other. Like most platforms, Paxful does not store funds and acts as a middleman for users. Paxful helps connect buyers and sellers 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 send, receive and store bitcoins, 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 a leading exchange platform for crypto-currency transactions. It features a user-friendly interface, reliability and support for modern tools for a comfortable working environment.

HitBTC does not require user verification for digital asset transactions. All registered customers are free to trade crypto-currency assets using the trading platform's tools. However, users will still require verification to gain full access to all trading features, all for your security.

HitBTC has a number of advantages that rank it among the largest platforms in the crypto-currency market. There is a convenient set of tools for trading, as well as the ability to buy tokens from projects at the ICO stage. Developers regularly compile a list of projects with potential. The reliability of the exchange is confirmed by positive feedback from customers and a long period of activity 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.

Crypto-currencies attract traders because of the volatility of their exchange rate. It can fluctuate by tens or even hundreds of percent per day. This price volatility has made the digital asset a favorite of speculators. Users trade crypto-currencies to make quick profits. The most convenient places to do this are exchanges. Each of them has its own advantages and disadvantages. Please choose the site you are comfortable with, each is good in its own way.

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