Platforms to invest in cryptocurrencies Nigeria 2021
          

Platforms to invest in cryptocurrencies Nigeria 2021

Currently, the word "cryptocurrencies" divides us all into two camps: some know nothing about them, while others are already making all the money from them. If you want to start studying this innovative phenomenon of our financial system, you must first choose a platform on which you will work and study.

Cryptocurrency trading is growing and taking root, offering modern and advanced features. With more and more exchanges and options being offered to traders, finding an exchange to trade on can become a difficult task.

Coinbase

Coinbase was founded relatively recently, but it has already managed to take a firm place in the list of the best cryptocurrency exchanges in the world. These results were possible thanks to the available interface languages and 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. Moreover, given the complexity of the legislation of different countries in 2021, this cryptocurrency exchange has an official mirror in case the main site is blocked.

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  • You can pay funds that can be deposited and withdrawn using a bank card, transfer and a range of payment systems.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

The exchange has earned the trust of the crypto community largely thanks to a strong team of developers who understand their business very well.

The long time at the top of the rankings and the many positive reviews can be attributed to 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; its responsiveness in handling a large number of transactions; low commissions; a global approach to its business and the availability of the platform in multiple 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 its users. No successful hacking attacks on the exchange have been recorded.

Kraken is a self-regulated exchange, which means that it develops its own security policies and operating rules. However, it complies 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. By default, there is no option to open a demo account on the exchange.

Leverage is available on the stock exchange. Leverage is the ability to place orders that are larger than the available user balance. This can result in a higher profit than if you place an order using only the 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 Exchange (Bitrix) is a well-known and reliable trading platform on the market. You can trade cryptocurrencies there without fear, the liquidity of the site is high and the security is unparalleled. Many promising young projects want to join the site because the resource opens the door to the digital assets market for them.

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

The user reviews about Bittrex are mostly positive. Users love the feeling that they are dealing with a real market and the amount of cryptocurrencies offered. You can find posts where users complain about the slow response of the support, however, the number of such posts is not large.

Its main feature and competitive advantage is the large number of cryptocurrencies available for trading - more than 250 today. However, it should be noted that the company does not accept fiat deposits, which may be a limitation for inexperienced users. The web interface is also interesting for experienced traders. Moreover, 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 and exchange platform for cryptocurrencies. Unlike many crypto exchanges that trade one cryptocurrency against another, BitMEX focuses on trading derivatives: open-ended contracts and daily and weekly futures.

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

BitMEX is a trusted cryptocurrency exchange for advanced users interested in margin trading crypto derivatives. The company is constantly improving, adding new features and expanding the list of available assets. You do not need to be verified to work. Bitmex uses multi-signature wallets and cold wallets to store customer funds. All withdrawals are processed manually once a day at the specified 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 fairly 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 undergone many tests: repeated attempts of hacking attacks, blocking the inflow and outflow 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 ensured by two-factor authentication, which means that it is not enough for attackers to know the trader's password to steal money. Moreover, Bitfinex is one of the few exchanges that limit the withdrawal limit when 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, the other 99.5% are kept in a safe place - in a cold wallet.

For new traders, the developers of the website have created an introductory tour that explains the features of the exchange in detail. 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 e-money and some altcoins. It is considered a reliable platform for direct and decentralized exchange between the parties of a transaction. This way, you can purchase Bitcoin quickly and with a variety of convenient methods.

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

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

Privacy: The only information required is the email address for account registration. No personal authentication is required and transactions can be made directly with another user instead of 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 trading volumes for most altcoins that can be exchanged for bitcoin.

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

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

It should be noted that Poloniex crypto exchange has a nice, smooth design and a convenient and intuitive interface, suitable for both experienced traders and beginners. Apart from the traditional spot exchange, you can also find options (range) for margin trading at Poloniex, as well as a section for those who want 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.

Kucoin

Today, the KuCoin cryptocurrency exchange is based in the jurisdiction of Hong Kong. A large list of promising cryptocurrencies are currently traded there. A unique feature of the KuCoin exchange is that the daily exchange shares half of its profits with anyone who has an internal token in their wallet - the KuCoin Shares (KCS) cryptocurrency. Like Binance, KuCoin receives very low commissions on transactions, and owners of KuCoin shares receive discounts.

Kucoin exchange interface is an absolutely standard, user-friendly panel with the usual arrangement of windows and interfaces. Any user who has had at least one experience with the exchange can easily figure out how to trade on KuCoin exchange.

If you study the feedback of KuCoin users, you will generally get a positive impression. Users usually leave positive reviews. Among the positive reviews of KuCoin exchange, the most frequently mentioned are: low fees for transactions and withdrawals, the possibility to benefit from the storage of the KCS token, a convenient and understandable trading interface for a beginner, several versions in different languages (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 presented crypto exchange is currently considered one of the most reliable in the world and is intended for traders from European countries. Citizens of the United States, for example, cannot work on it. Before the auction starts, you need to provide information about yourself and confirm it. Bitpanda verification is divided into three levels: Bronze, Silver and Gold. The limits for withdrawing funds depend on these levels.

The presented platform has many advantages that ensure its great popularity. First of all, a big advantage is the euro support, because absolutely everyone is used to using fiat money. Secondly, the fees for the service remain low, which attracts traders. Thirdly, an affiliate program was introduced not too long ago. This allows you to earn money by attracting new users. Fourth, a clear advantage is the quick registration. Fifthly, the website 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 few people knew about cryptocurrencies and the price of Bitcoin was only $10. Today, Coinbase deservedly belongs to the list of top cryptocurrency exchanges, has a solid trading volume and high capitalization. The number of users exceeds 56 million people, and cryptocurrency trading is available to residents of more than 100 countries. In addition, fiat works are also available on the exchange.

Coinbase is the most conservative and regulated exchange. The company works exclusively in the legal field and has already obtained a license for most US states, including New York, where it is very difficult to obtain a working document.

Despite these strict operating rules, Coinbase users are confident of the high level of protection for customer funds. 98% of users' funds are stored in offline hardware wallets, and the rest of the cryptocurrency is insured. In case of fraudulent activity, Coinbase guarantees its customers a full refund of lost funds under the insurance policy.

Coinbase is actively investing and acquiring several crypto 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 the laws of the United States (Delaware) as a money transfer company with the Financial Crimes Network of the US Department of the Treasury.

Like LocalBitcoins, Paxful is a peer-to-peer cryptocurrency platform where users transact with each other. Like most similar platforms, Paxful does not hold funds and acts as an intermediary for users. Paxful connects buyers and sellers with support for over 300 different payment methods.

At Paxful you can sell Bitcoins, set your price and choose your payment method.

The platform supports its own mobile wallet (Paxful Wallet), which is available for iOS and Android and makes sending, receiving and storing Bitcoins, as well as tracking transactions opened on Paxful, easy and simple:

  • 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 great 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 verification of users to trade digital assets. All registered clients can freely trade cryptocurrencies using the trading platform's tools. However, to use the full functionality of the exchange, users still need to verify themselves.

HitBTC exchange has a number of advantages that allow it to occupy a high position among the largest platforms on the cryptocurrency market. There are a number of handy tools for trading here, as well as the possibility to purchase tokens from projects that are in the ICO phase. Developers regularly list the projects with potential. The reliability of the exchange is confirmed by the positive reviews of customers and a long activity in 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.

Cryptocurrencies lure traders with the volatility of the exchange rate. It can fluctuate by tens or even hundreds of percent every day. This volatility of prices has made digital assets a popular tool for speculators. Users trade cryptocurrencies to make quick profits. The most convenient place to do this is on exchanges. Each has its own advantages and disadvantages. Choose a venue that works for you, because each is good in its own way.

SIMPLE AND RELIABLE
MONEY WITHDRAWAL
Astropay
Payguru