Cryptocurrency platforms Nigeria 2021
          

Nowadays, the word "cryptocurrency" divides all of us into two camps: some of us know absolutely nothing about it, while others are already earning a lot from it. If you want to learn about this innovative phenomenon of our financial system, you first need to choose a platform on which you will work and learn.

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 it has already managed to take a strong place in the list of the best cryptocurrency exchanges in the world. These results were 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 main advantages is the availability of convenient services for work: current exchange rates, charts, news, descriptions, transaction history, etc. Given the complicated legislation of different countries in 2021, this cryptocurrency exchange also has an official mirror in case the main site is blocked.

Of course, the entire process of trading and exchanging cryptocurrencies largely depends on the convenience of depositing and withdrawing funds. According to Coinbase reviews, users especially appreciate the availability of a sufficient number of options for depositing and withdrawing earned funds, and not only in the form of cryptocurrencies and e-wallets, but also in the form of options 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  • You can pay funds that can be deposited and withdrawn using a bank card, transfer and a range of payment systems.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 turnover 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 transaction.

The exchange has earned the trust of the cryptocurrency community, mainly due to the strong team of developers who are well versed in their craft.

The long stay at the top of the rankings and many positive reviews can be explained by several factors: Ease of use - Binance was one of the first major exchanges where you could register on the platform using only your email address and get instant access to a wide range of tokens; ability to handle a large number of transactions; low commissions; global approach to its business and 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 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 countries.

In order to start trading on the exchange, you need to make a deposit in cryptocurrency or with a bank card (only for customers of Kraken partner banks). However, to make a deposit, you must go through a mandatory verification procedure. It is not possible to open a demo account on the exchange as standard.

Leverage is available on the stock exchange. Leverage is the ability to place orders in excess of your available balance. This can lead to higher profits than if you placed an order using only your account 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 (Bitrex) exchange is a well-known and reliable trading platform in the market. You can trade cryptocurrencies there without hesitation, the liquidity of the site is high, and the security is unparalleled. Many promising young projects want to join the site, as the 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.

User reviews of Bittrex are overwhelmingly positive. Users like the feeling that they are dealing with the 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 - currently there are more than 250. However, it should be noted that the company does not accept deposits in fiat currency, which may be a limitation for inexperienced users. The online interface is also interesting for experienced traders. In addition, Bittrex is the first 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 platform and cryptocurrency exchange. Unlike many cryptocurrency exchanges that trade one cryptocurrency after another, BitMEX focuses on trading derivatives: perpetual contracts and daily and weekly futures.

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 multi-signatures and cold wallets to store customer funds. All withdrawals are processed manually once a day at a certain 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

Bitfinex is a rather large cryptocurrency exchange that has been offering its services to traders since 2012. This cryptocurrency trading platform is under the jurisdiction of Hong Kong. During its already relatively long history, the exchange has gone through many trials: repeated attempts of hacker attacks, 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, which means that it is not enough for attackers to know a trader's password to steal money. In addition, Bitfinex is one of the few exchanges that limit the withdrawal limit when 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, while the remaining 99.5% are kept in a safe place - a cold wallet.

For new traders, the developers of the site have created an introductory tour, which explains the features of the exchange in detail. The Bitfinex interface is 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, decentralized exchange between trading parties. It allows you to purchase bitcoin quickly and in a variety of convenient ways.

The main 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 price.

Privacy: the only information required is the email address to register the 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 offers the highest turnover for most altcoins that can be exchanged for bitcoin.

One of the main advantages of the stock market is the reduced level of commissions. This is probably the most important factor for large investors. The higher the number of transactions between users, the lower the commission.

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

It should be noted that the cryptocurrency exchange Poloniex has a nice soft design, convenient and intuitive interface, which is ideal for both experienced traders and beginners. In addition to the traditional spot exchange, on Poloniex you will also find options (range) for margin trading, as well as range for those who want to borrow 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.

Kucoin

Today, cryptocurrency exchange KuCoin is based in 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 holds an internal token - KuCoin Shares Cryptocurrency (KCS) - in their wallet. Like Binance, KuCoin charges very small transaction fees, and discounts are offered for KuCoin Shares holders.

The interface of KuCoin exchange is a completely standard, user-friendly panel with a typical arrangement of windows and interface. Any user who has 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 generally have a positive impression. Users usually leave positive feedback. Among the positive reviews of the KuCoin exchange most often mentioned: low transaction and withdrawal fees, the ability to benefit from the storage of KCS token, user-friendly and user-friendly trading interface, multiple 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 .

Bitpanda

Currently, the presented cryptocurrency exchange is considered one of the most reliable in the world and is focused on traders from European countries. For example, U.S. citizens are not allowed to work on it. You have to provide and verify information about yourself before starting the auction. 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 so popular. First, euro support is a big plus, since everyone is used to working with fiat money. Second, the fees that the service charges are low, which attracts businesses. Third, an affiliate program was launched not too long ago. With this program, you can make money by attracting new users. Fourth, quick registration is a definite advantage. Fifth, the site has an intuitive user interface and functions 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 few people knew about cryptocurrencies, and the price of Bitcoin was only $10. Today Coinbase is deservedly one of the leading cryptocurrency exchanges, with 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. It is also possible to work with fiat currencies on the exchange.

Coinbase is the most conservative and highly regulated exchange. The company specializes exclusively in the legal sector and has already been licensed to operate in most U.S. states, including New York.

Despite such strict operating rules, users are confident in Coinbase's high level of customer asset protection. 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 funds under the insurance policy.

Coinbase actively invests in and acquires 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 company 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 bring buyers and sellers together and supports 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 send, receive and store bitcoins easily and easily, 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 large trading platform for cryptocurrency transactions. It features a user-friendly interface, reliability, and support for modern tools for a comfortable working environment.

When trading digital assets, HitBTC exchange does not require mandatory user verification. All registered clients can freely trade cryptocurrency assets using the tools of the trading platform. However, in order to get full access to all exchange features, users must verify themselves, as this is your security.

HitBTC exchange has a number of advantages, which allows it to take a high place among the largest platforms on the cryptocurrency market. Here you will find a convenient set of tools for trading, as well as the opportunity to buy tokens of projects at the ICO stage. Developers regularly make a list of projects with potential. The reliability of the exchange is confirmed by the positive feedback from clients and the long activity on the digital assets 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 by its volatility. It can fluctuate by tens or even hundreds of percent throughout the day. This price volatility has made the digital asset a popular tool for speculators. Users trade cryptocurrencies for quick profits. The most convenient places for this are exchanges. Each of them has its own advantages and disadvantages. Please choose the site that suits you best, because each of them is good in its own way.

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