Cryptocurrency exchange Nigeria 2021
          

Nowadays, the word "cryptocurrencies" divides all of us into two camps: some of us know nothing about them, while others are already making money from them. If you want to start learning about this innovative phenomenon of our financial system, you should first choose a platform to work with and learn from.

Cryptocurrency 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 managed to take a strong position in the list of the best cryptocurrency exchanges in the world. Such results have become possible due to the available interface languages, as well as other advantages of this platform.

According to the reviews of Coinbase exchange, one of its significant 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.

Naturally, the entire process of trading and exchanging cryptocurrencies largely depends on the convenience of depositing and withdrawing funds. According to Coinbase's review summary, users value above all the availability of a sufficient number of options for depositing and withdrawing earned funds in the format 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  • You can pay funds that can be deposited and withdrawn using a bank card, transfer and a range of payment systems.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 cryptocurrency exchanges in the world, founded in 2017. It is reliable, popular and loved by almost all traders. Daily trading volume on the exchange reaches more than $1 billion, and about 1,400,000 orders are processed per second. The company provides the lowest trading commission.

The exchange has gained the trust of the cryptocurrency community mainly due to the strong team of developers who know their business well.

Such a long stay at the top of the rating and many positive reviews can be explained by several factors: ease of use - Binance was one of the first major exchanges where people could register on the platform using only an email address and get immediate access to a wide range of tokens; its ability to handle a large number of transactions; low commissions; global approach to 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 managed to win the trust of its users. There were no successful hacker attacks on the exchange.

Kraken is a self-regulated exchange, which means that it develops its own security policies and operating rules. However, it complies with rules 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 customers of a partner bank Kraken). However, to make a deposit, you must undergo mandatory verification. By default, you cannot open a demo account on the exchange.

Leverage is available on the stock exchange. Leverage is the ability to place orders that are greater than the existing balance between users. This can lead to higher profits compared to placing an order with only a 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 (Bitrex) exchange is a well-known and reliable trading platform in the market. You can trade cryptocurrencies without any fears, the liquidity of the site is high, and the security is unparalleled. Many promising young projects want to join the site, as this resource opens the door to the digital asset market for them.

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

The feedback from Bittrex users is mostly positive. Users like the feeling that they are dealing with a real market, as well as the number of cryptocurrencies offered. You can find messages in which users complain about the slow response of the support team, but the number of such messages is small.

Its main feature and competitive advantage is a large number of cryptocurrencies available for trading - more than 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 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 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 as well as daily and weekly futures contracts.

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

BitMEX is a reliable cryptocurrency exchange for experienced users interested in margin trading in cryptocurrencies. The company is constantly improving, adding new features and expanding the list of available assets. No verification is required to work. Bitmex uses a cold wallet with multiple signatures to store customer funds. All withdrawals are processed manually at a set 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 rather large cryptocurrency exchange that has been providing its services to traders since 2012. This platform for trading cryptocurrency assets operates under the jurisdiction of Hong Kong. During its already relatively long history, the exchange has gone through many trials: numerous hacking attacks, blocked inflows and outflows 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 provided by two-factor authentication, which means that attackers do not need to know the seller's password to steal funds. In addition, 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's 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 creators of the site have created an introductory tour, which explains in detail the features of the exchange 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 fiat money offline, electronic money online and some altcoins. It is considered a reliable platform for direct and decentralized exchange between trading parties. It allows you to quickly acquire bitcoin in a variety of convenient ways.

A key feature of the LocalBitcoins cryptocurrency exchange is that the site is 100% decentralized. People around the world trade with each other, and LocalBitcoins acts as an intermediary, ensuring that the terms of the deal are fulfilled by both parties.

Although LocalBitcoins is a cryptocurrency 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 you need is your email address to register your account. Personal authentication is not required, and transactions can be done 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 

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

One of the main advantages of a stock exchange is the reduction of commissions. This is probably the most significant factor for large investors. This means that the higher the number of transactions between users, the lower the commission will be.

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

It should be noted that the Poloniex cryptocurrency exchange has a beautifully designed sleek, user-friendly and intuitive interface, which is ideal for both experienced and novice traders. In addition to the traditional spot exchange, 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, cryptocurrency exchange KuCoin is based in the jurisdiction of Hong Kong. Currently, a large list of promising cryptocurrencies is 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 - KuCoin Shares Cryptocurrency (KCS). In addition, like Binance, KuCoin charges very low transaction fees, and discounts are given to KuCoin share holders.

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

If you study KuCoin user reviews, you will generally have a positive impression. Users usually leave positive feedback. Among the positive reviews of the KuCoin exchange most often mention: low transaction and withdrawal fees, the ability to profit from the storage of KCS token, user-friendly and user-friendly trading interface, different language versions (about ten standard 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.

Bitpanda

Currently, the presented cryptocurrency exchange is considered one of the most reliable in the world and is focused on traders from European countries. U.S. citizens, for example, cannot work on it. Before starting the auction, you have to provide data about yourself and verify it. Bitpanda verification is divided into 3 levels: bronze, silver and gold. Withdrawal limits depend on these levels.

The presented platform has many advantages, and they are what made it very popular. First, euro support is a huge advantage, as absolutely everyone is used to using fiat money. Second, the fees charged for the service remain small, which attracts merchants. Third, an affiliate program was launched not too long ago. It allows you to earn money by attracting new users. Fourthly, quick registration is an undeniable advantage. 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 only few people knew about cryptocurrencies, and the price of bitcoin was only $10. Today Coinbase is deservedly in the list of the best cryptocurrency exchanges, has a 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 works are also available on the exchange.

Coinbase is the most conservative and regulated exchange. The company specializes solely in legal work and has already been licensed to operate in most U.S. states, including New York, where it is very difficult to get a permit to operate.

Despite such strict operating rules, users are convinced of Coinbase's high level of customer asset protection. 98% of users' funds are stored in hardware offline wallets, and the rest of the cryptocurrencies are insured. In case of any fraud, Coinbase guarantees its customers a full refund of lost funds under the 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

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 operator with the U.S. Treasury Department's Financial Crimes Enforcement Network.

Paxful, like LocalBitcoins, is a peer-to-peer cryptocurrency platform where users make transactions with each other. Like most 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), which is available on iOS and Android and allows you to easily and easily send, receive and store bitcoin, 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 an excellent trading platform for cryptocurrency transactions. It features a user-friendly interface, reliability, and support for modern tools for a comfortable working environment.

HitBTC exchange does not require mandatory user verification to trade digital assets. All registered clients can freely trade cryptocurrency assets using the tools of the trading platform. However, to get full access to all exchange features, users will still need verification, all for the sake of their security.

HitBTC exchange has a number of advantages, which allows it to take a place among the largest platforms on the cryptocurrency market. There is a convenient set of tools for trading, as well as the ability to buy tokens of projects at the ICO stage. Promoters regularly list projects with potential. The reliability of the exchange is confirmed by positive feedback from clients and a long period of work on the digital asset market:

  • 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 its exchange rate. It can fluctuate by tens or even hundreds of percent a day. Such price volatility has made the digital asset a favorite of speculators. Users trade cryptocurrencies for quick profits. The most convenient places for this are exchanges. Each of them has its own set of advantages and disadvantages. Please choose a site convenient for you, each of them is good in its own way.

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