Major cryptocurrency exchanges Nigeria 2021

Currently, the word "cryptocurrency" divides us all into two camps: some know absolutely nothing about it, while others are already making as much money as they can. If you want to get involved in this innovative phenomenon of our financial system, you must first choose a platform to work and learn.

Cryptocurrency trading is growing and taking root more and more, offering modern and advanced features. As more and more swaps and options are offered to traders, finding an exchange to trade on can be a difficult task.


Coinbase was created relatively recently, but it has already managed to earn a prominent place in the list of the best cryptocurrency exchanges in the world. These results have been possible thanks to the available interface languages, as well as other advantages of this platform.

According to Coinbase exchange reviews, one of its main advantages is the availability of convenient services for work: current exchange rates, charts, news, descriptions, transaction history, etc. Taking into account the complexity of legislation in different countries in 2021, this cryptocurrency exchange also has an official mirror in case the main site is blocked.

Of course, the whole process of trading and exchanging cryptocurrencies largely depends on the convenience of depositing and withdrawing funds. According to Coinbase evaluation reports, users especially value the availability of a sufficient number of options for depositing and withdrawing earned money, not only in the form of cryptocurrencies and e-wallets, but also in the form of opportunities 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  • You can pay funds that can be deposited and withdrawn using a bank card, transfer and a range of payment systems.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, founded in 2017. 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 every second. The company offers the lowest commission per transaction.

The exchange has earned the trust of the crypto community, in particular thanks to a strong team of developers who know their business very well.

Its long-standing presence at the top of the rankings and its many positive reviews can be attributed to a number of factors: ease of use - Binance was one of the first major exchanges where all you had to do was use your email address to register on the platform and get immediate access to a wide range of tokens; responsiveness 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 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 hacks have been recorded on the exchange.

Kraken is a self-regulated exchange, which means that it develops its own security policies and operating standards. However, it complies with the rules and regulations in force in many supported countries.

To start trading on the exchange, you must make a deposit in cryptocurrency or with a bank card (only for clients of Kraken partner banks). But to make a deposit, you must go through a mandatory verification process. By default, there is no possibility to open a demo account on the exchange.

Leverage is available in the stock market. Leverage is the ability to place orders with a value greater than the user's available balance. This can allow you to make a greater profit than if you were to place an order using only your account balance. Trading under these conditions is referred to as "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 Exchange (Bitrix) is a well-known and reliable trading platform in the market. Here you can trade cryptocurrencies without 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 doors to the market of digital assets 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 the industry standard. There have been no reports of major hacks of Bittrex.

Feedback from Bittrex users is overwhelmingly positive. Users like the feeling of dealing with a real market and the number of cryptocurrencies on offer. Messages can be found in which users complain about the slow response time of the helpdesk, but the number of such messages is not significant.

Its main feature and competitive advantage is the large number of cryptocurrencies available for trading: more than 250 at present. However, it should be noted that the company does not accept fiat deposits, which can be a limitation for inexperienced users. The web 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, short for Bitcoin Mercantile Exchange, is an advanced cryptocurrency trading and exchange platform. Unlike many cryptocurrency exchanges that trade one cryptocurrency for another, BitMEX focuses on derivatives trading: daily and weekly open contracts and futures.

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

BitMEX is a trusted cryptocurrency exchange for advanced users interested in margin trading of crypto-derivatives. The company is constantly improving, adding new features and expanding the list of available assets. No verification is required for trading. Bitmex uses multi-signature wallets and cold wallets to store customer funds. All withdrawals are processed manually once a day at the 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. This cryptocurrency exchange platform is subject to the jurisdiction of Hong Kong. In its already relatively long history, the exchange has been tested many times: repeated hacking attempts, blocking of deposits and withdrawal of funds from foreign banks. But despite all these difficulties, Bitfinex has become one of the most popular digital asset trading platforms in the world.

Users are protected by two-factor authentication, which means that it is not enough for hackers to know the trader's password to steal money. In addition, Bitfinex is one of the few exchanges that limit withdrawals if the 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, and the remaining 99.5% is kept in a safe place - in a cold wallet.

For new traders, the site developers have created an introductory tour that explains in detail the functions of the exchange. The Bitfinex interface has been translated into many of the world's most common 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 bitcoins with offline fiat currency, online e-money and some altcoins. It is considered a reliable platform for direct and decentralized exchange between parties to a transaction. This means that you can buy bitcoins quickly and in various convenient ways.

The main feature of the LocalBitcoins cryptocurrency exchange is that the site is 100% decentralized. People from all over the world trade with each other and LocalBitcoins acts as an intermediary and makes sure that the terms of the transaction are met by both parties.

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

Confidentiality: the only information required is the e-mail address for account registration. No personal authentication is 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 largest trading volumes for most of the altcoins that can be exchanged for bitcoin.

One of the main advantages of the stock market is the lower cost of commissions. This is probably the most important factor for large investors. The higher the amount of the transaction between users, the lower the commission.

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

It is worth noting that Poloniex cryptocurrency exchange has a nice and smooth design, convenient and intuitive interface, perfect for both experienced traders and beginners. In addition to the traditional cash exchange, on Poloniex you will find options (section) for margin trading, as well as a section for those who wish to lend their money - 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.


Currently, the cryptocurrency exchange KuCoin is based in Hong Kong. A wide list of promising cryptocurrencies 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 has an internal token in the wallet: the KuCoin Shares cryptocurrency (KCS). Like Binance, KuCoin charges only very small fees on transactions, and refunds are given to holders of KuCoin shares.

The KuCoin exchange interface is an absolutely standard and user-friendly dashboard, 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 operate on the KuCoin exchange.

If you study KuCoin user reviews, you will generally get a positive impression. Users usually leave positive reviews. Among the positive opinions about the KuCoin exchange, the most frequent are: low commissions on transactions and withdrawals, the possibility to benefit from the storage of KCS tokens, convenient and understandable trading interface for a beginner, several language versions (about ten normal translations), improved 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.


Currently, the presented cryptocurrency exchange is considered to be one of the most reliable in the world and is intended for traders from European countries. US citizens, for example, are not allowed to work there. Before starting the auction, you must provide information about your identity and confirm it. Bitpanda 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 so popular. Firstly, the support of the euro is a great advantage, as everyone is used to working with fiat money. Secondly, the fees charged by the service are low, which attracts traders. Thirdly, not so long ago an affiliate program was created. Through this program you can earn money by recruiting new users. Fourth, the speed of registration is an obvious advantage. 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 US cryptocurrency exchange. It was launched in the summer of 2012, at a time when few people knew about cryptocurrencies and the price of bitcoin was only $10. Today, Coinbase deserves to be one of the leading cryptocurrency exchanges, with a solid trading volume and strong capitalization. The number of users exceeds 56 million people 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 regulated exchange. The company relies on the fact that it operates exclusively in the legal environment and has already been licensed to operate in most US states, including New York.

Despite these strict operating rules, users are confident in Coinbase's high level of protection of customer assets. Ninety-eight percent of users' funds are stored in physical offline wallets, and the remaining cryptocurrencies are insured. In the event of fraudulent activity, Coinbase guarantees its customers a full refund of lost funds under the insurance policy.

Coinbase is actively investing in and 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 bitcoins. The company is registered under the laws of the United States (Delaware) as a money transmitter with the U.S. Treasury Department's Financial Crimes Enforcement Network.

Paxful, like LocalBitcoins, is a peer-to-peer cryptocurrency platform where users transact with each other. Like most similar platforms, Paxful does not store funds and acts as an intermediary for users. Paxful helps connect buyers and sellers and supports more than 300 different payment methods.

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

The platform supports its own mobile wallet (Paxful Wallet), available on iOS and Android, which facilitates and simplifies sending, receiving and storing bitcoins, as well as tracking 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 exchange is a great trading platform for cryptocurrency transactions. It features a user-friendly interface, reliability and support for modern tools for a comfortable working environment.

For trading digital assets, HitBTC exchange does not require mandatory user verification. All registered customers can freely trade cryptocurrency assets using the trading platform's suite of tools. However, to have full access to all functions of the exchange, users must verify themselves, as this is their security.

HitBTC exchange has a number of advantages that allow it to occupy a high position among the largest platforms on the cryptocurrency market. There is a convenient toolbox for trading, as well as the ability to buy tokens of projects at the ICO stage. Developers regularly list projects with potential. The reliability of the exchange is confirmed by positive customer feedback and a long history 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.

Cryptocurrency attracts traders because of the volatility of its exchange rate. It can vary by tens or even hundreds of points per day. This price volatility has made digital assets an instrument of choice for speculators. Users trade cryptocurrencies with the aim of making quick profits. The most convenient place to do this is on exchanges. Each has its own advantages and disadvantages. Choose the site that suits you best, as each is good in its own way.