Here comes the Best Trading Platform For Cryptocurrency in Nigeria – 9ja2nice Guide article for Best Trading Platform For Cryptocurrency in Nigeria as per information’s on Best Trading Platform For Cryptocurrency in Nigeria.
Nowadays, the world is moving towards the digital platform and so are the currencies. There are various cryptocurrencies in the market like Bitcoin, Litecoin, Ethereum, and Ripple that have suddenly gained a lot of popularity among Nigerians as a form of investment and possibly a form of legal tender. However as cryptocurrency is not legally recognized in the country, traditional banks and trading platforms do not present these kinds of services to their customers. However, thanks to technology and the internet, there are numerous platforms for Nigerians to trade and use cryptocurrency. So without any further ado, here are the best 7 platforms for trading cryptocurrency in Nigeria.
It is imperative to note that the legal status of cryptocurrencies in Nigeria is ambiguous, unlike other countries. However, according to an online report, Nigeria became more interested in cryptocurrencies than any other country in Africa, gaining more prominence among the youths of the country.
1. Binance Cryptocurrency Exchange:
Binance is a feature-rich exchange with competitive fees and a huge range of supported cryptocurrencies. Binance is the world’s most popular exchange with around 128 million users and more trading volume than any competitor. In 2020 Binance released its won blockchain called Binance Smart Chain [BSC].
Binance is one of the best trading platforms for cryptocurrency and also has a broad range of earning opportunities with staking, savings accounts, and yield farming available for over 100 coins. It’s also home to an NFT marketplace. More experienced traders will enjoy the platform’s advanced trading options, including several order types. you start building a cryptocurrency portfolio today with over 300 coins available to buy with Nigeria naira. Several BSC features have been added to the Binance exchange such as Decentralized Finance [DeFi] which prevents the need how to learn the use of blockchain or web3 wallet.
2. Coinbase Cryptocurrency Exchange:
Coinbase is a cryptocurrency platform that offers cryptocurrency exchange services to its users. Coinbase is known for its beginner-friendly approach to crypto, It is one of the world’s most-used crypto exchanges with more than 208 million verified users across 100+ countries and it has the second-largest daily trading volume.
It is becoming equally well-known for its Learn and Earn program which rewards users with free cryptocurrency for every learning module they complete. Coinbase’s Advanced Trade (formerly Coinbase Pro) features offer lower trading frees and more trading options including limit orders and stop loss orders. This is one of the best trading platforms.
3. Kraken Cryptocurrency Exchange:
Kraken is one of the longest-running platforms in the industry and has maintained its legacy by constantly improving its services. Kraken is popular with over 9 million users which exceeds a daily trading volume of US$500 million, which makes it one of the world’s largest exchanges. It’s a feature-rich exchange with a strong emphasis on education, which is why it won Finder’s Crypto Trading Platform award for best global crypto exchange
Kraken offers can help anyone become knowledgeable about cryptocurrency, its underlying technology, and the different forms of trading. while more experienced traders will appreciate its high-quality system, and easy use UIYou can start building a cryptocurrency portfolio today from 200+ supported coins.
Luno exchange is the platform that links a prospective cryptocurrency buyer with a seller which is very much similar to other exchanges. It ensures credibility in the trades as they leave demand and supply to determine transactions. Luno is regarded as one of the best platforms to be considered for cryptocurrency trading.
Its set up was in 2013 and initially known as BITX however, having one of the largest markets in Nigeria With over 10 million customers in 43 countries, the Luno exchange offers a simple way to get started in crypto investing. Along with its user-friendly interface and a suite of learning tools, Luno is worth checking out, especially if you’re just getting started and prefer an exchange without much of a learning curve.
5.KuCoin Cryptocurrency Exchange:
This exchange was established in May 2017 by an experienced blockchain and cryptocurrency professionals team who started developing and building the exchange architecture in 2011. Kucoin deals only with cryptocurrency assets and does not offer any fiat currency trading pairs. An interesting aspect of KuCoin is that the exchange employs a profit-sharing system that distributes 50% of the trading fees among users who hold KuCoin’s native token “KuCoin Shares” (KCS).
KuCoin offers an impressive selection of up-and-coming altcoins compared to other centralized crypto exchanges, which is why it was a standout pick as the best exchange if you’re looking for emerging altcoins. Usually, to buy lesser-known altcoins, you have to purchase them through a decentralized exchange (DEX) like Uniswap or PancakeSwap, which requires you to know how to use a Web3 wallet.
6. Quidax – Best exchange for extra features:
Quidax is a Nigeria-based cryptocurrency exchange and a digital asset platform that enables users to trade and manage digital assets. The platform was launched in 2018 to make it easy for Africans to access the cryptocurrency market. It has grown to become one of the larger homegrown African exchanges, claiming over 400,000 registered users across the continent.
Quidax offers a range of features to make trading easy and accessible to both beginners and experienced traders. These include a simple and intuitive user interface, low trading fees, instant deposits and withdrawals, a mobile app, and a 24/7 customer support team. It also provides an instant swap feature and an OTC trading desk for large trades.
7.NairaEx – Best Nigerian exchange:
Naira Ex is a Nigeria-based cryptocurrency exchange that allows users to buy and sell Bitcoin with Nigerian naira. It mainly serves as an online platform for Digital Assets trading and provides Users with a trading platform, financing services, technical services, and other Digital Assets-related services. Users must register and open an account with Nairaex and deposit Digital Assets into their account before trading.
The platform has been providing a fuss-free way for Nigerians to access the global crypto market since 2015. It supports several deposit options, including bank transfers and card payments, making it easy to deposit and withdraw funds. and the last on the list of best trading platforms for Cryptocurrency in Nigeria is Naira EX.