Cryptocurrency platform Nigeria 2021
          

Currently, the word "crypto-currencies" divides us all into two camps: some people know nothing about it, while the latter are already making all the money from it. If you plan to start studying this innovative phenomenon of our financial system, you must first choose a platform to work on and study.

Crypto-currency trading continues to grow and take root, offering modern and advanced features. As more and 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 achieved a solid position on 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 this platform.

According to reviews of the 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 crypto-currency exchange has its official mirror in case the main site is blocked.

Of course, the whole process of trading and exchanging crypto-currencies depends to a large extent on the convenience of depositing and withdrawing funds. According to the summaries of reviews on Coinbase, users primarily appreciate the availability of a sufficient number of options for crediting and withdrawing earned money in the form of not only cryptocurrencies and e-wallets, but also ways 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  • You can pay funds that can be deposited and withdrawn using a bank card, transfer and a range of payment systems.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 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 offers the lowest commission per transaction.

The exchange has earned the trust of the crypto-currency community, primarily due to a strong team of developers who know their stuff very well.

Such a long period 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 register on the platform using only their email address and get immediate access to a wide range of tokens; its responsiveness in processing a large number of transactions; low commissions; a global approach to its business and the availability of the platform in several 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

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

Kraken is a self-regulated exchange, which means it develops its own security policy and operating rules. However, it is compliant 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 Kraken partner banks). But to make a deposit, you need to pass a mandatory verification. As a rule, there is no possibility 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 increased profits compared to placing an order with only the portfolio balance. Trades made under these conditions are called "margin trades":

  • 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. Here you can trade crypto-currencies without any fear, the liquidity of the site is high and the security is unmatched. Many young and promising projects want to join the site, as this resource opens the door to the digital assets market for them.

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

Bittrex user reviews are mostly positive. Users like the feeling of dealing with a real market and the amount of crypto-currencies offered. You can find messages where users complain about the slow response time of the support service, however, the number of these messages is not significant.

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. In addition, Bittrex is the ideal choice for those looking to trade rare coins. Therefore, Bittrex is 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 crypto-currency trading and exchange platform. Unlike many crypto-currency exchanges that trade one crypto-currency for another, BitMEX focuses on trading derivatives: perpetual contracts and daily and weekly futures.

Crypto-currency futures are an agreement to buy or sell an underlying asset (crypto-currencies) at a predetermined price for a specific date in the future. Perpetual contracts - These are similar to futures, except that they have no expiration or maturity.

BitMEX is a trusted crypto-currency exchange for advanced users interested in trading crypto-currencies on margin. 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 store customer funds. All withdrawals are processed manually at the scheduled 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 asset trading platform operates under the jurisdiction of Hong Kong. During its already relatively long history, the exchange has gone through many hardships: repeated attempts of hacker attacks, blocking of inflows and outflows 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.

User protection is provided by two-factor authentication, which means that it is not enough for attackers to know the trader's password to steal funds. In addition, Bitfinex is one of the few exchanges to limit the withdrawal limit if the user logs into the account from an unknown IP address. It should also be noted that only 0.5% of the exchange's assets are available for trading, the other 99.5% are stored 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's functionality. 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 with offline fiat money, online electronic money and some altcoins. It is considered a reliable platform for direct and decentralized exchange between parties to a transaction. It allows you to quickly acquire bitcoins using a variety of convenient methods.

The main 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 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 crypto-currency exchanges in the world. It provides the largest exchange volumes for most altcoins that can be traded for bitcoins.

One of the main advantages of the exchange is the reduced commission. This is probably the most important factor for large investors. This implies that the higher the value of the transaction between users, the lower the commission.

The crypto-currency exchange Poloniex, established in 2014 in the United States, remains one of the most popular platforms among traders and investors.

It is worth noting that the Poloniex crypto-currency exchange has a beautiful smooth design, a comfortable and intuitive interface, which is perfect for both experienced traders and beginners. In addition to traditional spot trading, you will find on Poloniex options (section) for margin trading, as well as a section for those who want to lend 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

Currently, the KuCoin crypto-currency exchange is based in the jurisdiction of Hong Kong. A large list of promising crypto-currencies are currently traded there. A unique feature of the KuCoin exchange is that the daily exchange shares half of its profits with everyone who has an internal token in their wallet: the KuCoin Shares (KCS) crypto-currency. Also, like Binance, KuCoin receives very low commissions on trades, and discounts are given 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 understand how to trade on the KuCoin exchange.

If you study KuCoin user reviews, you will usually come away with a positive impression. Users often leave positive comments. Among the positive comments about the KuCoin exchange, the following are most often mentioned: low transaction and withdrawal fees, the possibility of benefiting from KCS token storage, a convenient and understandable exchange interface for a beginner, several 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 presented crypto-exchange is considered to be 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 the auction begins, 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 ensured its great popularity. First of all, a great advantage is the support of the euro, because absolutely everyone is used to using cash. Second, the fees charged for the service remain low, which attracts merchants. Thirdly, not so long ago, an affiliate program was launched. Through it, you can earn money by attracting new users. Fourth, the quick registration is an obvious 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 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 listed among the top crypto-currency exchanges, has a solid trading volume and a high capitalization. The number of users exceeds 56 million people, and crypto-currency trading is available to residents of over 100 countries. In addition, on the exchange, it is possible to work with fiat money.

Coinbase is the most conservative and regulated exchange. The company relies on working exclusively in the legal environment and has already received a license to work in most US states, even in New York it is very difficult to get a document to work.

Despite these strict operating rules, users are convinced by the high level of customer asset protection offered by Coinbase. 98% of user funds are stored in offline physical wallets, and the rest of the crypto-currencies are secured. In case of fraudulent activity, 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 bitcoins. The company is registered under the laws of the United States (Delaware) as a money transfer operator with the Financial Crimes Enforcement Network of the U.S. Department of Treasury.

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

On 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, and makes it easy and simple to 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 an excellent trading platform for crypto-currency transactions. It features a user-friendly interface, reliability and support for modern tools for a comfortable working environment.

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

The HitBTC exchange has a number of advantages that allow it to occupy high positions among the largest platforms in the crypto-currency market. There is a convenient set of tools for trading, as well as the possibility to acquire tokens from projects that are in the ICO stage. Developers regularly list projects with potential. The reliability of the exchange is confirmed by positive customer reviews and a long period of work in 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.

Crypto-currencies attract traders because of the volatility of the exchange rate. It can fluctuate by dozens or even hundreds of points per day. This price volatility has made digital assets a favorite tool for speculators. Users trade crypto-currencies to generate quick profits. The most convenient place to do this is the stock market. Each has its own advantages and disadvantages. Choose a place that suits you, each is good in its own way.

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