The best cryptocurrency Nigeria 2021
          

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

Cryptocurrency trading continues to grow and take root, offering modern and advanced features. With more and more exchanges and options offered to investors, finding an exchange to trade on can become a daunting task.

Coinbase

Coinbase was founded relatively recently, but it has already secured a strong place on the list of the best cryptocurrency exchanges in the world. These results were made possible by 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 to work with: up-to-date exchange rates, charts, news, descriptions, transaction history, etc. Considering the complicated legislation of various 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 depends largely on the convenience of depositing and withdrawing funds. According to reviews on Coinbase, users especially appreciate the availability of sufficient 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  • You can pay funds that can be deposited and withdrawn using a bank card, transfer and a range of payment systems.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

Binance is one of the world's largest cryptocurrency exchanges, founded in 2017. Reliable, popular and liked by almost all traders. The 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 its strong team of developers who know their craft very well.

The long time at the top of the rankings and numerous 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 just an email address and get instant access to a wide range of tokens; responsiveness to process a large number of transactions; low commissions; global approach to its business and 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 earn the trust of its users. There have been no successful hacker attacks on the exchange.

Kraken is a self-regulatory exchange, which means it develops its own security policies and operating rules. However, it follows the rules and regulations of many supported countries.

To start trading on the exchange, you need to make a deposit in cryptocurrency or with a bank card (only for Kraken partner bank customers). However, to make a deposit, you must go through a mandatory verification process. By default, it is not possible to open a demo account on the exchange.

Leverage is available in the stock market. Leverage is the ability to place orders larger than your available balance. This can result in a higher profit than if you had placed an order using only your account balance. Trading under these 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 in the market. You can trade cryptocurrencies there without hesitation, the liquidity of the site is high and the security is second to none. Many young and promising projects want to join the site, as the resource opens the door for them to the market of digital assets.

When it comes to the security of storing funds on the exchange, Bittrex recommends the use of two-factor authentication, which has now become an industry standard. There are no known cases of serious hacker attacks on Bittrex.

Bittrex user reviews are overwhelmingly positive. Users like the feeling of dealing with a real market and the amount of cryptocurrencies offered. You can find messages in which users complain about the slow response of support, but the number of such messages is not large.

Its main feature and competitive advantage is the large number of cryptocurrencies available for trading, currently over 250. However, it should be noted that the company does not accept fiat deposits, which may be a limitation for inexperienced users. The online interface is also interesting for experienced traders. Besides, Bittrex is the first choice for those who want to trade rare coins. This makes Bittrex one of the biggest 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 cryptocurrency exchange and trading platform. Unlike many cryptocurrency exchanges that exchange one cryptocurrency for another, BitMEX focuses on trading derivatives: daily and weekly open contracts and futures.

Cryptocurrency futures are an agreement to buy or sell the 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 date.

BitMEX is a trusted cryptocurrency exchange for advanced users interested in trading cryptocurrencies on margin. The company is constantly improving, adding new features and expanding the list of available assets. No verification is required to trade. Bitmex uses cold multi-signature wallets to store customer funds. All withdrawals are processed manually once a day at a specific 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 falls under the jurisdiction of Hong Kong. In its already relatively long history, the exchange has gone through many trials: repeated attempts of hacker attacks, blocking deposits and withdrawals 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 provided by two-factor authentication, which means that it is not enough for attackers to know a trader's password to steal their money. Besides, 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's also worth noting that only 0.5% of the exchange's assets are available for trading, with the remaining 99.5% stored in a secure location: a cold wallet.

For new traders, the website developers have created an introductory tour that explains in detail the features of the exchange. The Bitfinex interface has been 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 offline fiat money, online e-money and some altcoins. It is considered as a reliable platform for direct and decentralized exchange between trading parties. This allows you to buy bitcoin 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, ensuring that the terms of the transaction are met 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 an email address for account registration. No personal authentication is required, and transactions can be made directly with another user, 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 declining level of fees. This is probably the most important factor for large investors. The larger the amount of transactions between users, the lower the commission.

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

It is worth noting that the Poloniex cryptocurrency exchange has a nice and smooth design, comfortable and intuitive interface that 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 a range for those who want to borrow their money, which 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

Currently, the KuCoin cryptocurrency exchange 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 it shares half of its profits daily with anyone who holds an internal token in their wallet: the KuCoin Shares (KCS) cryptocurrency. Like Binance, KuCoin charges very small transaction fees, and discounts are offered for holders of KuCoin shares.

The Kucoin exchange interface is an absolutely standard and user-friendly panel, with a typical layout of windows and interfaces. Any user with at least one experience with the exchange can easily figure out how to function on the KuCoin exchange.

If you study the user reviews about KuCoin, you will generally get a positive impression. Users often leave positive reviews. Among the positive reviews of the KuCoin exchange, the most often mentioned are: low commissions for transactions and withdrawals, the possibility to use the KCS token storage, convenient and understandable for a beginner trading interface, several language versions (about ten standard 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.

Bitpanda

Currently, the presented cryptocurrency exchange is considered one of the most reliable in the world and is aimed at traders from European countries. For example, US citizens are not allowed to work on it. You need to provide and confirm information about yourself before starting the auction. Bitpanda verification is divided into 3 levels: Bronze, Silver and Gold. The withdrawal limits depend on these levels.

The platform presented here has many advantages that have made it so popular. First, the support of the euro is a great advantage because everyone is used to working with fiat money. Second, the fees charged by the service are low, which attracts traders. Third, not so long ago an affiliate program was launched. With this program, you can earn money by recruiting new users. Fourth, a clear advantage is the fast registration. 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.

Coinmama

Coinbase is a popular American cryptocurrency exchange. It was founded in the summer of 2012, when few people knew about cryptocurrencies and the price of Bitcoin was just $10. Today, Coinbase is rightfully one of the leading cryptocurrency exchanges, with a robust trading volume and high market capitalization. The number of users exceeds 56 million people, and cryptocurrency trading is available to residents of more than 100 countries. Fiat currencies can also be traded on the exchange.

Coinbase is the most conservative and highly regulated exchange. The company focuses on operating exclusively in the legal sector 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 customer asset protection. 98% of users' funds are stored in offline hardware wallets, and the rest of the cryptocurrencies are secured. In case of fraud, Coinbase guarantees its customers a full refund of lost funds under an insurance policy.

Coinbase is actively investing 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

Paxful's mission is to provide people with a simple and secure platform to buy and sell bitcoin. The company is registered under US (Delaware) law as a money transfer company with the US 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 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 makes sending, receiving and storing bitcoin as well as tracking open transactions on Paxful easy and straightforward:

  • 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 compatibility with modern tools for a comfortable working environment.

The HitBTC exchange does not require mandatory user verification to trade digital assets. All registered customers can freely trade cryptocurrency assets using the trading platform's toolkit. However, in order to have full access to all the features of the exchange, users still need to verify themselves as it is for their security.

The HitBTC exchange has a number of advantages that allow it to rank among the largest platforms in the cryptocurrency market. Here you will find a convenient set of tools for trading, as well as the opportunity to buy tokens of projects that are at the ICO stage. Developers regularly list projects with potential. The credibility of the exchange is confirmed by positive customer feedback and long-standing 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.

Cryptocurrency attracts traders with its volatility. It can fluctuate by tens or even hundreds of points per day. This price volatility has made the digital asset a popular tool for speculators. Users trade cryptocurrencies to make quick profits. The most convenient place to do this is through exchanges. Each of them has its own advantages and disadvantages. Please choose the site that suits you best, as each one is good in its own way.

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