The best cryptocurrency exchanges Nigeria 2021
          

Currently, the word "cryptocurrencies" divides all of us into two camps: some know nothing about it, while others make all the money with it. 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 continues to grow and take root, offering modern and advanced features. With more and more swaps and options being offered to traders, finding an exchange to trade on can be a difficult task.

Coinbase

Coinbase was founded relatively recently, but it has already managed to gain a solid place in the list of the best cryptocurrency exchanges worldwide. Such results were possible thanks to the available interface languages and other advantages of this platform.

According to Coinbase exchange reviews, one of the main advantages is the availability of convenient services for work: up-to-date 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process of trading and exchanging cryptocurrencies depends heavily on the ease with which money can be deposited and withdrawn. According to Coinbase reviews, users especially appreciate the presence 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  • You can pay funds that can be deposited and withdrawn using a bank card, transfer and a range of payment systems.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 every second. The company offers the lowest commission per transaction.

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

Its long time at the top of the rankings and its 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 with just your email address and get immediate access to a wide range of tokens; its responsiveness in handling a large number of transactions; low commissions; a global approach to its operations 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 its users. No successful attacks by hackers on the exchange have been recorded.

Kraken is a self-regulated exchange, meaning it develops its own security policies and business 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 with a bank card (only for customers of partner banks of Kraken). 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 on the stock market. Leverage is the ability to place orders that are larger than the user's existing 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 without fear, the liquidity of the site is high and the security is second to none. Many promising young projects want to join the site, because the source opens the door to the market for digital assets for them.

As for the security of storing money on the exchange, Bittrex recommends using two-factor authentication, which has already become the industry standard. There are no known cases of major hacker attacks on Bittrex.

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

The main feature and competitive advantage is the large number of cryptocurrencies available for trading - currently more than 250. 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 interesting even for experienced traders. Moreover, Bittrex is the right 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 a sophisticated 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 at a specified date in the future. Perpetual Contracts - Similar to futures, except they have no expiration date or term.

BitMEX is a trusted cryptocurrency exchange for advanced users interested in margin trading in crypto derivatives. The company is constantly improving, adding new features and expanding the list of available assets. You do not need to be authenticated to operate. Bitmex uses multi-signature wallets and cold wallets to store customer funds. All withdrawals are manually processed 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 trading platform for cryptocurrency assets falls under the jurisdiction of Hong Kong. In its already relatively long history, the exchange has endured many trials and tribulations: repeated attempts of hacker 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.

The protection of users is ensured by two-factor authentication. This 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 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, the other 99.5% are kept in a safe place - a cold portfolio.

For new traders, the creators of the website have created an introductory tour that explains the exchange's features in detail. Bitfinex's interface is translated into many of the world's 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

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. In this way, 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 all over the world are trading 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 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 a cheaper price.

Privacy: The only information you need is your email address to register for an account. No personal authentication is required and transactions can be made directly with another user rather than 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. This means that the larger the transaction amount between users, the lower the commission.

The Poloniex cryptocurrency exchange, founded in 2014 in the US, remains one of the most popular platforms among traders and investors.

It should be noted that the Poloniex crypto exchange has a nice, smooth design and a convenient and intuitive user interface, which is perfect for both experienced and inexperienced traders. In addition to the traditional spot exchange, on Poloniex you will find options (range) for margin trading, and also a 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, the cryptocurrency exchange KuCoin is based in Hong Kong. A large list of promising cryptocurrencies are currently traded on the website. 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 cryptocurrency KuCoin Shares (KCS). In addition, like Binance, KuCoin receives very low commissions on transactions, and owners of KuCoin shares receive discounts.

The Kucoin exchange interface 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 figure out how to trade on the KuCoin exchange.

If you study the feedback from KuCoin users, you will generally get a positive impression. Users usually leave positive reviews. Among the positive reviews of the KuCoin exchange, the most frequently mentioned are: low commissions for transactions and withdrawals, the possibility to benefit from saving the KCS token, a convenient and understandable exchange interface for a beginner, 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

The presented crypto exchange is currently considered one of the most reliable in the world and is intended for traders from European countries. American citizens, for example, cannot work on it. Before the auction begins, you need to provide information about yourself and confirm it. Bitpanda verification is divided into 3 levels: Bronze, Silver and Gold. The limits for withdrawing money depend on these levels.

The presented platform has many advantages that have caused its great popularity. First, the support of the euro is a great advantage, as everyone is used to using fiat money. Second, the fees for the service remain low, which attracts traders. Third, an affiliate program was introduced not too long ago. This allows you to make money by attracting new users. Fourth, a clear advantage is the fast registration. Fifth, the website 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 meritoriously ranks in 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 accessible 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 on the legal side and has already been licensed to operate in most US states, including New York - it is very difficult to get a document.

Despite these strict operating rules, Coinbase's users are confident in the high level of protection of customers' funds. 98% of users' funds are stored in offline hardware wallets, and the rest of the cryptocurrency is insured. In case of fraudulent activities, 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 United States (Delaware) law as a money transfer company with the Financial Crimes Network of the U.S. Treasury Department.

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

At Paxful, you can sell Bitcoins by setting your price and choosing your payment method.

The platform supports its own mobile wallet (Paxful Wallet), available for iOS and Android, which makes sending, receiving and storing Bitcoins, and 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.

For trading in digital assets, the HitBTC exchange does not require mandatory verification by users. All registered customers can trade cryptocurrencies freely by using the tools of the trading platform. However, in order to use the full functionality of the exchange, users still need to verify themselves.

The HitBTC exchange has a number of advantages that allow it to rank high among the largest platforms in the cryptocurrency market. There are a number of practical tools to trade here, as well as the ability to buy tokens from projects that are in the ICO phase. Developers regularly list projects with potential. The reliability of the exchange is confirmed by positive customer reviews and many years of 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 each day. This volatility of prices has made digital assets a popular tool for speculators. Users trade cryptocurrencies to make a quick profit. The most convenient place to do this is on exchanges. Each has its own advantages and disadvantages. Choose a site that works best for you, as each is good in its own way.

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