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Top 5 Best Bitcoin Exchangers In Nigeria 2020 And Why - Business - Nairaland

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Top 5 Best Bitcoin Exchangers In Nigeria 2020 And Why by kryptochats: 10:50pm On Mar 23, 2020
1. Luno..com

Luno is a Bitcoin exchange with a presence in South Africa, Singapore, Nigeria, Malaysia and Indonesia. It offers 0% fees for market makers, meaning you can avoid fees if you place a buy order then wait for a seller to take it.

Luno also offers an Instant Buy feature.

PROS

- One of the most trusted Bitcoin exchanges in Nigeria
- Free deposits and low withdrawal fees
- Low fees; 0% for market makers and only 0% - 1% for market takers (depending on fiat currency)
- High to infinite limits for exchange, depending on verification level


CONS

- Only supports Bitcoin and Ethereum



2. Instantcoins..ng

Instantcoins is a fully automated bitcoin exchange based in lagos Nigeria, you can buy and sell automatically and payments are made instantly. It offers 0% fees for all trades and partners with Paxful to make trading directly from your Paxful wallet instant. It also exchanges perfect money and Ethereum and they are all completed instantly via automated means.

PROS

- One of the most liked and trusted due to its automation and instant funding
- 0% trading fees, free deposits and free withdrawals
- extremely fast when selling bitcoin, bank account is credited instantly
- Infinite limit if KYC verified!

CONS
- Identity verification offers less privacy than other purchase methods in Nigeria, like LocalBitcoins


3. Localbitcoins..com


LocalBitcoins is an escrow service which also helps to match bitcoin buyers and sellers. The most common method of payment for purchase is cash deposit. However, users may advertise trades for whichever payment method they prefer.

Buying bitcoins via an in-person meeting, secured and facilitated by LocalBitcoins, may be one of the fastest and most private ways to buy bitcoins in any country.

PROS

- Can be private, fast and easy
- In-person trades require no personal information
- Purchases of bitcoin can be made quickly via cash deposit


CONS


- Beware of scams; always follow the rules!
- Harder to buy large amounts of bitcoins compared to large exchanges
- Slightly to significantly higher prices than regular exchanges; premium for higher privacy


4. Nairaex..com

NairaEx is the largest Bitcoin exchange in Nigeria. Its customers can purchase bitcoins with Perfect Money, bank transfer or with cash via bank deposit.

PROS

- Long-running Nigerian exchange
- Several payment methods


CONS

- Identity verification offers less privacy than other purchase methods in Nigeria, like LocalBitcoins
- slow customer support response

5. Paxful..com

Paxful is an online escrow service which also helps to match bitcoin buyers and sellers. The most common method of payment for purchase is gift cards, However, users may advertise trades for whichever payment method they prefer.

Buying bitcoins via an in-person meeting, secured and facilitated by Paxful, may be one of the fastest and most private ways to buy bitcoins in any country.

PROS

- Can be private, fast and easy
- In-person trades require no personal information
- Purchases of bitcoin can be made quickly via cash deposit

CONS

- Very very slow customer care support, it may take a month to get a dispute resolved
- Beware of scams; always follow the rules!
- Harder to buy large amounts of bitcoins compared to large exchanges
- Slightly to significantly higher prices than regular exchanges; premium for higher privacy

2 Likes

Re: Top 5 Best Bitcoin Exchangers In Nigeria 2020 And Why by NairaExsupport: 6:56am On Mar 24, 2020
@kryptochats:
Thanks for the mention wink
NairaEx.com order system is fully automated, buy and sell is settled instantly without any human input. Also, Customers earn reward points that can be used to pay for bills eg Airtime.

1 Like

Re: Top 5 Best Bitcoin Exchangers In Nigeria 2020 And Why by rolly44: 7:28am On Mar 24, 2020
Ok
Re: Top 5 Best Bitcoin Exchangers In Nigeria 2020 And Why by kryptochats: 10:48pm On Apr 19, 2020
NairaExsupport:
@kryptochats:
Thanks for the mention wink
NairaEx.com order system is fully automated, buy and sell is settled instantly without any human input. Also, Customers earn reward points that can be used to pay for bills eg Airtime.

okay i will check that and confirm when writing an updated list
Re: Top 5 Best Bitcoin Exchangers In Nigeria 2020 And Why by kryptochats: 1:12am On Apr 23, 2020
rolly44:
Ok
yeap
Re: Top 5 Best Bitcoin Exchangers In Nigeria 2020 And Why by DEmejioba1: 8:21am On Apr 30, 2020
NairaExsupport:
@kryptochats:
Thanks for the mention wink
NairaEx.com order system is fully automated, buy and sell is settled instantly without any human input. Also, Customers earn reward points that can be used to pay for bills eg Airtime.

I don't know how I can link it out to them or even withdraw it from their
Re: Top 5 Best Bitcoin Exchangers In Nigeria 2020 And Why by DEmejioba1: 8:22am On Apr 30, 2020
NairaExsupport:
@kryptochats:
Thanks for the mention wink
NairaEx.com order system is fully automated, buy and sell is settled instantly without any human input. Also, Customers earn reward points that can be used to pay for bills eg Airtime. Am just looking forward to know how I can withdraw it from there

Re: Top 5 Best Bitcoin Exchangers In Nigeria 2020 And Why by Chycdon(m): 7:33pm On Jul 04, 2020
Can one receive bitcoin transfers directly from bitcoin wallets across the globe into 'Instantcoins bitcoin wallet'?
Re: Top 5 Best Bitcoin Exchangers In Nigeria 2020 And Why by kryptochats: 8:10pm On Jul 04, 2020
Chycdon:
Can one receive bitcoin transfers directly from bitcoin wallets across the globe into 'Instantcoins bitcoin wallet'?
yes

1 Like

Re: Top 5 Best Bitcoin Exchangers In Nigeria 2020 And Why by AMI3(m): 8:59pm On Jul 04, 2020
Is it possible somebody4 to buy $5 worth of bitcoin from these sites? If there is anybody who can sell should contact me asap

WHATSAPP 08154933420
Re: Top 5 Best Bitcoin Exchangers In Nigeria 2020 And Why by AlphaSoul: 8:39pm On Feb 22, 2021
kryptochats:
1. Luno..com

Luno is a Bitcoin exchange with a presence in South Africa, Singapore, Nigeria, Malaysia and Indonesia. It offers 0% fees for market makers, meaning you can avoid fees if you place a buy order then wait for a seller to take it.

Luno also offers an Instant Buy feature.

PROS

- One of the most trusted Bitcoin exchanges in Nigeria
- Free deposits and low withdrawal fees
- Low fees; 0% for market makers and only 0% - 1% for market takers (depending on fiat currency)
- High to infinite limits for exchange, depending on verification level


CONS

- Only supports Bitcoin and Ethereum



2. Instantcoins..ng

Instantcoins is a fully automated bitcoin exchange based in lagos Nigeria, you can buy and sell automatically and payments are made instantly. It offers 0% fees for all trades and partners with Paxful to make trading directly from your Paxful wallet instant. It also exchanges perfect money and Ethereum and they are all completed instantly via automated means.

PROS

- One of the most liked and trusted due to its automation and instant funding
- 0% trading fees, free deposits and free withdrawals
- extremely fast when selling bitcoin, bank account is credited instantly
- Infinite limit if KYC verified!

CONS
- Identity verification offers less privacy than other purchase methods in Nigeria, like LocalBitcoins


3. Localbitcoins..com


LocalBitcoins is an escrow service which also helps to match bitcoin buyers and sellers. The most common method of payment for purchase is cash deposit. However, users may advertise trades for whichever payment method they prefer.

Buying bitcoins via an in-person meeting, secured and facilitated by LocalBitcoins, may be one of the fastest and most private ways to buy bitcoins in any country.

PROS

- Can be private, fast and easy
- In-person trades require no personal information
- Purchases of bitcoin can be made quickly via cash deposit


CONS


- Beware of scams; always follow the rules!
- Harder to buy large amounts of bitcoins compared to large exchanges
- Slightly to significantly higher prices than regular exchanges; premium for higher privacy


4. Nairaex..com

NairaEx is the largest Bitcoin exchange in Nigeria. Its customers can purchase bitcoins with Perfect Money, bank transfer or with cash via bank deposit.

PROS

- Long-running Nigerian exchange
- Several payment methods


CONS

- Identity verification offers less privacy than other purchase methods in Nigeria, like LocalBitcoins
- slow customer support response

5. Paxful..com

Paxful is an online escrow service which also helps to match bitcoin buyers and sellers. The most common method of payment for purchase is gift cards, However, users may advertise trades for whichever payment method they prefer.

Buying bitcoins via an in-person meeting, secured and facilitated by Paxful, may be one of the fastest and most private ways to buy bitcoins in any country.

PROS

- Can be private, fast and easy
- In-person trades require no personal information
- Purchases of bitcoin can be made quickly via cash deposit

CONS

- Very very slow customer care support, it may take a month to get a dispute resolved
- Beware of scams; always follow the rules!
- Harder to buy large amounts of bitcoins compared to large exchanges
- Slightly to significantly higher prices than regular exchanges; premium for higher privacy

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