₦airaland Forum

Best crypto exchanges in Nigeria

Roqqu
Roqqu is proudly one of the best Nigerian crypto exchanges and very much meets the needs of any Nigerian crypto trader (including crypto traders in Ghana).

This crypto exchange has over 100 cryptocurrencies listed on its platform. Users can easily buy and sell USDT, BTC, ETH and many other cryptocurrencies on the platform.

With Roqqu, you can buy crypto in multiple currencies like Naira, Dollars, Cedis, Pounds, and Euros via your credit card or bank transfer.

Roqqu also provides the ability to swap tokens, pay bills via crypto and receive payment in fiat currencies from anywhere in Africa. The exchange is also designed for business owners to accept payments from their customers anywhere in the world.

The exchange has a robust savings & loan feature that sets it apart from any other Nigerian crypto exchange.

Trading on Roqqu Exchange comes with minimal cost. To withdraw your crypto assets on the platform comes with a little charge, and this largely depends on how large the crypto amount is and where it will be sent.

Luno
Luno, a crypto exchange launched in 2013, is one of the biggest crypto platforms in Africa.

Although it has its headquarters in London, it is available in over 40 countries, including Nigeria.

This crypto exchange has over 20 cryptocurrencies listed on its exchange, including Bitcoin, Ethereum, USDT, and USDC.

Users can buy cryptocurrencies via their bank cards or through bank transfers. Through its simple p2p feature, you can swap crypto into Naira and withdraw this to your wallet or bank account.

Luno also provides users with trading tools like a price analytical dashboard, crypto charts, indicators, and helpful resources like articles & news, which can help users make better trading decisions.

However, Luno charges high transaction fees when trading on the exchange, and its sign-up process is quite exhausting. This is its major downside.

Another disadvantage is that compared to Roqqu, the cryptocurrencies listed on the Luno exchange are very limited. Therefore, traders who want to trade various altcoins and meme coins might not like this exchange.

Bitmama
Bitmama is a p2p crypto exchange founded in 2017 and offers various trading services on its platform. Over ten cryptocurrencies are listed on its exchange, including BTC, ETH, USDT, XRP, etc.

Users of this crypto exchange can also get crypto credit cards, which they can use to buy crypto, buy goods from anywhere in the world, and pay for any service.

Bitmama’s P2P feature allows users to buy crypto, especially USDT, at a favourable market rate. Users who need cash immediately can easily trade their USDT for Naira on the exchange at a favourable market price & fast.

The exchange is available in almost 20 countries, including the U.K., and charges little to no trading fees.

Quidax
Quidax is also a Nigerian crypto exchange which launched in 2018. It has its headquarters in Lagos, Nigeria and is available in over 50 countries, including Ghana.

This crypto exchange has over 70 cryptocurrencies listed. Users can buy and sell USDT, BTC, ETH and many other cryptocurrencies.

Quidax allows users to swap, deposit or save their cryptocurrencies for high rewards on its exchange. Users can buy crypto in Naira or Dollars and also receive their crypto through internal transfers from other Quidax users via their username or by receiving crypto via their wallet address.

Quidax also has an “Order book” tool which crypto traders can use to trade any cryptocurrency they choose in real-time.

However, this tool is designed for expert traders. You will need specialist trading to trade crypto using this tool.

Busha
Busha is a crypto exchange which began operating in Nigeria in 2019 before expanding its crypto operations to Kenya in 2023.

This crypto exchange has over 50 cryptocurrencies listed on it. Users can easily buy and sell USDT, BTC, ETH and many other cryptocurrencies on the platform.

Users can also buy and sell crypto in Naira, Dollars, or Kenyan Shilling through its P2P feature, add cash to their voucher via peer-to-peer cash deposit, send & receive crypto, and earn crypto through staking your USDT OR USDC.

Busha offers 8% APY (average percentage yield) whenever you save or stake your stablecoins on the platform.

On this exchange, customers can buy airtime data, & top up their betting wallets (over 35 betting wallets supported, including Bet9ja and 1Xbet) while buying shopping vouchers from favourite stores like SLOT, Shoprite, Spar, Healthplus and over 50 more.

You get a 5% discount when you buy any voucher.
Yellow Card
Unlike other crypto exchanges listed above, Yellow Card is an African crypto exchange.

It was founded in 2016 but began operations in Nigeria in 2019.

Today, this exchange is available in 20 countries and has over 1.7 million customers.

Users of this exchange can buy BTC, ETH, USDT, PYUSD, USDC, and many other cryptocurrencies via local bank transfers, mobile money or P2P funding.

The platform supports local currencies like Naira, Cedis, Kenyan shillings, USD, GBP, etc.

Yellow Card offers a range of services beyond trading crypto. These services include bill payments & remittances. Users can purchase airtime and data via crypto, buy or sell USDT via its P2P feature, etc.

Note: Global crypto exchanges you can also try out alongside those written above are Bybit, OKX, & Kucoin.

What to consider before choosing a crypto exchange
Before selecting a crypto exchange, it is essential to do your research to know more about the exchange.

However, when carrying out your research, it can be unclear what to look out for.

Not to worry, below I will highlight some key things to consider before selecting a crypto exchange.

1. Security standards
When searching for a crypto exchange, the first thing you should look out for is Security.
A secure crypto exchange makes use of the latest security standards.

Currently, the most secure security standard is AES key lengths of 128, 192, and 256 bits. This algorithm helps to encrypt your data, protecting it from hackers.

The crypto exchange should also use SSL(Secure Sockets Layer) and TLS(Transport Layer Security).

These protocols are cryptographic protocols that help to protect your data, like credit card details and passwords, during transactions.

You can verify this by checking if the website’s URL starts with “https://” and displays a keylock symbol in the address bar.

Additionally, it’s good to use an exchange that stores clients’ funds in cold storage. This means the cryptocurrency is stored offline, making it inaccessible to hackers.

Furthermore, secure exchanges regularly check their systems for weaknesses. They do this both by themselves or with verified cybersecurity experts like Hacken.io.

2. KYC
KYC, or Know Your Customers, is a vital process employed by secure cryptocurrency exchanges to verify the identity of their users. This is an important feature to check out when researching a crypto exchange.

It’s similar to how a bank verifies your identity when you open an account. KYC requires you to provide personal information and identification documents like your ID or passport before having full access to your account.

It is an essential security measure that helps prevent fraudulent activities, ensures compliance with financial regulations, and adds an extra layer of security to your crypto wallet.

3. Total balance in reserves
The total balance in reserves represents the amount of cryptocurrency and fiat currency the exchange holds in reserve to cover user withdrawals.

A secure exchange values transparency and typically provides real-time or regularly updated information on its website regarding its reserve balances.

It’s important to note that trustworthy exchanges often allocate a significant portion of user funds into cold storage wallets.

4. Social media presence
A secure crypto exchange has an adequate social media presence and usually engages with its community on various social media channels.

They use platforms like Instagram, Facebook, Twitter, Telegram, and Reddit to share news, updates, and educational content about the exchange.

Also, an exchange actively available on social media shows commitment to helping its users and being transparent.

5. Customer service
Effective customer service is vital for crypto exchanges, ensuring users can reach out and get assistance when needed.

These exchanges offer various communication channels like email, live chat, or support tickets.

These channels are to respond quickly to inquiries and maintain a knowledgeable support team.
They also operate 24/7 to cater to users across different time zones.

Multilingual support, efficient issue resolution procedures, positive user feedback, and educational resources further enhance the user experience and trustworthiness of the exchange.

An overview of both exchange

Busha
Busha is a crypto exchange which began operating in Nigeria in 2019 before expanding its crypto operations to Kenya in 2023.

It has its headquarters in Lagos, Nigeria, and has gathered over 500,000 users on its exchange.

My first experience with the Busha app was not a pleasant one; however, it was resolved almost immediately. Downloading this app from the Play Store & signing up took some time, but after this was resolved, it was smooth sailing all the way.

While signing up, I was asked to create my password and choose my preferred username and avatar before logging in. After this, I logged in to my account, and I was automatically given a crypto wallet where I could trade and deposit my funds.

Just like every other Nigerian crypto exchange I have used in the past, Busha had a straightforward and user-friendly interface. (Degens would love this interface)

There were no options to use the app in multiple languages. The features on the platform are pretty straightforward, and anyone can easily navigate this exchange.

On the app’s home page are the options to buy and sell crypto, add cash to your voucher via peer to peer cash deposit, send & receive crypto, and earn crypto through staking your USDT OR USDC.
Note: Busha offers 8% APY (average percentage yield) whenever you save or stake your stablecoins on the platform.

Then, below, you can see the top movers in the crypto market in real time while accessing the trending news in crypto.

You should know that Busha has over 50 cryptocurrencies listed on its platform. You can easily buy and sell USDT, BTC, ETH and many other cryptocurrencies on the platform.

Users can buy crypto in Naira, Dollars, or Kenyan Shilling through its P2P feature. Users can also receive crypto by sharing their wallet address with the sender.

Below is the menu bar where you can see Busha’s main features. There, you have the “Explore” page, which is Busha’s home page & have spoken about earlier.

Next is the “Portfolio” Feature, which has all the cryptocurrencies on the exchange. You can click on any cryptocurrency of your choice and see how much it is in Naira and in real-time. You can buy the crypto on the spot, sell and even open orders.

Then, there is a “Yield” feature. This feature is a very lucrative feature on the exchange. Users can put their crypto to work by staking their stablecoins for an 8% per annum interest rate and daily interest on their savings.

Finally, under the “Spend” section, users can buy airtime data, & top up their betting wallets (over 35 betting wallets supported, including Bet9ja and 1Xbet).

Users can also buy shopping vouchers from favourite stores like SLOT, Shoprite, Spar, Healthplus and over 50 more. You also get a 5% discount when you buy any voucher.

This crypto exchange also provides good customer care services to its users. However, Its customer care is unavailable 24/7, but you can reach them via email, WhatsApp, or in-app.

Roqqu
Roqqu is a Nigerian crypto exchange which launched in 2019 and is headquartered in Lagos, Nigeria. It also has a presence in Ghana.

Within five years, Roqqu has gathered over 1.5 million users on its platform, with over 600,000 daily active users.

The platform is straightforward and user-friendly. After downloading the app from the Google app store, I went straight to sign up on the app. It was a seamless process.

Roqqu takes security very seriously, so I had to complete my KYC requirements, make a strong password, and choose my preferred username. After doing all this, I logged into my account, and I automatically had my crypto wallet where I could quickly deposit my funds.

This crypto exchange has a very simple user interface and allows users to use the app in multiple languages, including in local languages like Igbo, Yoruba & Hausa. Also, the features on the platform are not clustered together, and anyone can easily navigate this exchange.

On its home page, you can see all the cryptocurrencies listed. Roqqu has over 100 cryptocurrencies listed on its platform. Users can easily buy and sell USDT, BTC, ETH and many other cryptocurrencies on the platform.

Users can also buy crypto in multiple currencies like Naira, Dollars, Cedis, Pounds, and Euros via their credit card or through bank transfers.

You also get to see the top gainers and losers in the crypto market and the most traded coins.

Below is the menu button where you can click to see Roqqu’s main features. Within its Menu page, you have the:

“Trade” section. Here, you can see the buy crypto, Sell, and swap features.
Then, there is a “Fiat” section where you can deposit, withdraw, or transfer your fiat currencies.
The “Earn” section comes next, and with this, you can save your crypto for massive rewards thanks to its savings feature.

You can also win crypto rewards with its GameFi feature called Roqqu’n.

The last section on the menu page is the ”Web3'' section, where users can pay bills, get crypto loans, access the Roqqu hub and generate a payment link, which can help them receive money fast from anywhere in the world.

This is great if you have a business with customers around the world.

Roqqu also provides good customer care services to its users. Its customer care is unavailable 24/7; however, you can reach them via email, WhatsApp, or in-app.

You should also know that trading on Roqqu comes with minimal cost. To withdraw your crypto assets on the platform comes with a little charge, and this largely depends on how large the crypto amount is and where it will be sent.

Their strengths & weakness

Busha
Strengths

The mobile app is very functional and user-friendly.

Busha charges little to no transaction fees when trading on the exchange.

You can trade a wide range of cryptocurrencies with ease, including memecoins & altcoins.

Busha’s yield feature is excellent for traders who want to make passive income on their stablecoins by staking it.

You can buy airtime, data, shopping vouchers & fund your betting wallet on the app.

Weaknesses

You can only use the app in English.

Busha only supports three currencies, which are the Naira, KES, and USD. This makes it quite limited compared to Roqqu.

The exchange is only available in Nigeria & Kenya.

It has limited features compared to global exchanges like Bybit.

You can’t trade spots or derivatives on the app.

Roqqu
Strengths

The mobile app is very clean and user-friendly.

You can use the app in multiple languages.

You can send & receive money instantly in global currencies like pounds, euros and dollars apart from Naira & Cedis.

While trading on the app, the transaction fees are very low.

Roqqu is big on security, making it a highly secured crypto exchange.

You can trade a wide range of cryptocurrencies with ease, including memecoins & altcoins.

The Roqqu savings feature is one of the best tools to make money while saving your crypto.

You can pay utility bills, take crypto loans, and receive payment for your business instantly.

You can buy crypto via your credit card or through bank transfers.

Weaknesses

Although it supports multiple languages, it is only available in Nigeria & Ghana.

It has limited features compared to global exchanges like Bybit.

You can’t trade spots or derivatives on the app.

My opinion
Busha is a good platform for trading, especially for beginners. Its features are similar to that of a digital bank’s features. I guess that is what the creators were aiming for.

On the other hand, Roqqu has more features, which is not only great for traders but also for business owners and freelancers who receive their payment in crypto

Overall, both exchanges were created to meet the trading needs of Nigerian crypto traders, but they lack advanced features like Margin trading, futures trading, spot trading, etc.

Including these features will make them compete at the same level as global crypto exchanges like Binance & Bybit.

So, if you want a simple crypto exchange with less complicated features, you can go with Roqqu. But if you are looking for a simpler exchange that you can use to buy vouchers and fund your betting wallet via crypto, you should go for Busha.

Have you ever wondered how most crypto millionaires you might probably know made so much money trading crypto in a short amount of time?

Well, the secret is Degen trading. According to a recent survey, over 30% of crypto traders identify as "degens," and they prefer to prioritise potential gains over calculated trades.

You might be wondering what Degen trading is and how it works. Not to worry, I will be explaining all you need to know about this type of trading and how to be a profitable degen trader.

What is Degen trading & how does it work?

Before explaining what Degen trading is, let's talk about Degens.

Degens are risk-tolerant individuals who buy into the latest shitcoins or memecoins early enough to cash out big when their prices start mooning.

Degens is short for Degenerates, and they are popular in the Defi (decentralised finance) space. The name ‘degen’ is short for ‘degenerate.’ This word was an unpleasant term given to individuals in the early 90’s who were known for gambling all their assets, especially those they couldn’t afford to lose.

Today, this word has become famous and taken a new meaning in the crypto space. Individuals involved in degen trading call themselves ‘crypto degens.’

Crypto degens have one goal in mind, which is to make 10 to 1000 times their investment in the shortest time possible. So they buy into any memecoin or shitcoin, which has the potential to surge in price upon launch or when it goes viral.

This type of trading is a sub-niche of Defi trading and is quite popular amongst crypto enthusiasts or communities.
These individuals gravitate towards new crypto projects (which usually have no use case or goal), meme coins, and yield farming opportunities with the potential to generate high returns.

They buy these tokens in large amounts to pump the price, and once the coin starts gaining attention with more buyers swimming in to buy the coin, they immediately dump the coin and make away with the profits.

How it Works
DeFi Degens leverage various DeFi tools to maximise gains. Here are a few standard tactics:

Yield Farming:
DeFi allows users to lend or stake their crypto holdings in exchange for rewards.

Degens chase the highest yields by rapidly jumping between different DeFi protocols while disregarding whether the project is legit.

Liquidity Hunting:
DeFi relies on liquidity pools to facilitate trading.

Degens identify new DeFi projects with potentially inflated token prices and become early liquidity providers.

They earn fees on trades within the pool but risk significant losses if the project falters.

To simplify this, look at a realistic example of degens investing and trading.

Tobi decides to double his crypto holdings and make 20x gains in 3 months. He then scans through Discord & telegram for new coins with the potential to quadruple in value upon launch to invest in.

He finds some new hotshot coins in the discord communities he is part of. These new crypto projects promise to offer a juicy 50x returns upon launch.

Tobi quickly buys into the project without doing his due diligence or reading the project's white paper. He invests $500 ($100 each) across 5 of the projects.

Throughout the day, Tobi keeps an eye on more DeFi-focused Discord servers. He finds more tokens to invest in while ignoring their whitepaper, which has sparse details.

Despite the red flags, the potential rewards are too much to ignore. He continues to allocate a small portion of his portfolio to become a holder of the tokens.

By investing a minimum of $100 each in these projects, upon their launch, some do well, surging to 20x their value, while others fall to $0. In total, Tobi makes a total of $10,000. He also counts his losses, pulls out from the trade with his earnings, and repeats the cycle.

Reality Check
While this might sound like an exciting cycle, it is very risky. Degens love to pride themselves as risk-takers (sometimes reckless). This thereby makes this form of crypto trading not suitable for the faint of heart.

Degens often deal with projects with limited track records and potentially flawed functionalities. Investing in such projects is a gamble, and losses can be substantial.

Sometimes, they are susceptible to rug pulls due to their focus on unvetted projects.

Rapid price fluctuations in the DeFi space can lead to impermanent loss for liquidity providers.

Degens chasing high yields may find their initial investment worth less when withdrawing from a pool.

Note: Degen trading often involves trading less established projects.
Most of these projects might not be available on significant CEXs (centralised exchanges) and may only be traded on DEXs (decentralised exchanges).

However, resources like CoinMarketCap Markets Section (which allows traders to search for a specific coin and see a list of DEXs where it's traded) & CoinGecko (which provides information on DEXs that support various cryptocurrencies) help traders find potential degen coins and DeFi projects to trade.

How to be a profitable degen trader

DeFi Degen trading is very risky, and it is advisable that you only invest what you can afford to lose and prioritise thorough research over pure FOMO.

If you want to be a degen trader, here are some steps to being profitable at it.

Find Your Degen Den: Immerse yourself in the degen community by joining Discord or Telegram groups like Larva Labs, cryptohub, etc. Follow crypto influencers (with a critical eye!), and stay updated on the latest degen trends. (Note: Be wary of shilling and scams rampant in these spaces).

Sharpen Your Skills: Don't just throw money at random projects. Learn about technical analysis (TA) to identify potential price movements and fundamental analysis (FA) to understand project goals and potential.

Be Critical: Degen trading requires constant monitoring. Be prepared to react quickly to news, market shifts, and community hype.

Risk Management is Key: Only invest in what you can afford to lose. Degens often use small allocations for high-risk projects—Utilise stop-loss orders to minimise potential losses.

Where to Find Degens:
Discord Servers: Look for servers dedicated to specific DeFi projects, meme coins, or general degen discussions. Research the server's reputation before diving in.

X(Twitter): Crypto Twitter is a hotbed of degen activity. Follow crypto influencers and hashtags like #DeFi, #YieldFarming, and #MemeCoins.

Telegram Groups: Like Discord, Telegram groups are excellent hubs for degen chatter. However, it is important to search these groups cautiously as scams and shilling are prevalent.

Conclusion
DeFi Degen trading is not for the faint of heart.

It requires a deep understanding of DeFi protocols, a high tolerance for volatility, and the ability to manage risk effectively.

However, it offers the potential for life-changing rewards. But remember, great rewards come with great responsibility (and potential losses).

Degen trading can be a thrilling and profitable way to make so much money in the crypto space. Nevertheless, it's crucial to manage risk effectively while conducting thorough research.

Are you looking for the best exchange to trade crypto in Africa? You should try out Roqqu. Roqqu is proudly one of the best Nigerian crypto exchanges and very much meets the needs of any Nigerian crypto trader (including crypto traders in Ghana).

It has over 100 cryptocurrencies (including memecoins and shitcoins) listed on its platform. Users can easily buy and sell USDT, BTC, ETH and many other cryptocurrencies on the platform.

With Roqqu, you can buy crypto in multiple currencies like Naira, Dollars, Cedis, Pounds, and Euros via your credit card or bank transfer.

Roqqu also provides the ability to swap tokens, pay bills via crypto and receive payment in fiat currencies from anywhere in Africa.

An overview of both exchange

Roqqu
Roqqu is a Nigerian crypto exchange which launched in 2019 and is headquartered in Lagos, Nigeria. It also has a presence in Ghana. Within five years, Roqqu has gathered over 1.5 million users on its platform, with over 600,000 daily active users.

The platform is very simple and user-friendly. After downloading the app from the Google app store, I went straight to sign up on the app. It was a seamless process.

Roqqu takes security very seriously, so I had to complete my KYC requirements, make a strong password, and choose my preferred username. After doing all this, I logged into my account, and I automatically had my crypto wallet where I could quickly deposit my funds.

This crypto exchange has a very simple user interface and allows users to use the app in multiple languages including in local languages like Igbo, Yoruba & Hausa. Also, the features on the platform are not clustered together, and anyone can easily navigate this exchange.

On its home page, you can see all the cryptocurrencies listed. Roqqu has over 100 cryptocurrencies listed on its platform. Users can easily buy and sell USDT, BTC, ETH and many other cryptocurrencies on the platform.

Users can also buy crypto in multiple currencies like Naira, Dollars, Cedis, Pounds, and Euros via their credit card or through bank transfers.

You also get to see the top gainers and losers in the crypto market and the most traded coins in the market.

Below is the menu button where you can click to see Roqqu’s main features. Within its Menu page, you have the:

“Trade” section. Here, you can see the buy crypto, Sell, and swap features.
Then, there is a “Fiat” section where you can deposit, withdraw, or transfer your fiat currencies.
The “Earn” section comes next, and with this, you can save your crypto for massive rewards thanks to its savings feature.

You can also win crypto rewards with its GameFi feature called Roqqu’n.
The last section on the menu page is the ”Web3'' section, where users can pay bills, get crypto loans, access the Roqqu hub and generate a payment link, which can help you receive money fast from anywhere in the world.

This is great if you have a business with customers around the world.

Roqqu also provides good customer care services to its users. Its customer care is not available 24/7, however, you can reach them via email, WhatsApp, or in-app.

You should also know that trading on Roqqu comes with minimal cost. To withdraw your crypto assets on the platform comes with a little charge, and this largely depends on how large the crypto amount is and where it will be sent.

Quidax
Quidax is also a Nigerian crypto exchange which launched in 2018. It has its headquarters in Lagos, Nigeria and is available in over 50 countries, including Ghana. Within five years, Quidax has gathered over 600,000 active users on its platform.

Just like Roqqu, Quidax is very simple and straightforward to use.

To get started on the app, you need to download it from either Google Play Store or Apple App Store. Then, you will be required to sign up & complete your KYC requirements.

I was asked to create my password and choose my preferred username and avatar before logging in. Once logged in, I was automatically given a crypto wallet where I could trade and deposit my funds.

This crypto exchange has a very simple user interface; however, there are no options to use the app in multiple languages. The features on the platform are clear, and anyone can easily navigate this exchange.

On the app’s home page are the options to swap, deposit or save in crypto. Then, below, you can see different coins listed on the exchange and how much it trades for. You also get to see the top gainers and losers in the crypto market in real time under the “Markets” feature on the app.

You should know that Quidax has over 70 cryptocurrencies listed on its platform. You can easily buy and sell USDT, BTC, ETH and many other cryptocurrencies on the platform.

Users can buy crypto in Naira or Dollars. They can also receive crypto through internal transfers from other Quidax users via their username or by receiving crypto via their wallet address.

Below is the menu bar where you can see Quidax's main features. There, you have the “Markets” page/feature, which I spoke about earlier.

Next is the “Trade” Feature/section where you can instantly swap two assets—for example, you can swap BTC to USDT or USDT to ETH. You can even swap any fiat currency for crypto and vice versa.

Also within this feature is the “Order book” tool. With this tool, you can trade any cryptocurrency you choose in real-time. However, you should get expert training before using this tool.

Then, there is a “Wallets” feature, which shows you how much you have in your Naira or USD wallet. It also shows you how much crypto you have and the Naira equivalent.

Finally, under the “More” section is the products and services feature, where you can see the savings and price alert options, among others.

This crypto exchange also provides good customer care services to its users. Like Roqqu, Its customer care is not available 24/7, however, you can reach them via email, WhatsApp, or in-app.

It is worth knowing that Quidax has its crypto token called “QDX”. According to Techpoint the launch of QDX marked a first for the African crypto space, and this token offers unique benefits to its buyers. Alongside, Quidax launched the QDX Vault, Quidax’s staking service. With this staking service, users can stake their QDX and earn rewards.

Their strengths & weaknesses
Roqqu

Strengths
The mobile app is very clean and user-friendly.

You can use the app in multiple languages.

You can send & receive money instantly in global currencies like pounds, euros and dollars apart from Naira & Cedis.

While trading on the app, the transaction fees are very low.

Roqqu is big on security, making it a highly secured crypto exchange.

You can trade a wide range of cryptocurrencies with ease, including memecoins & altcoins.

The Roqqu savings feature is one of the best tools to make money while saving your crypto.

You can pay utility bills, take crypto loans, and receive payment for your business instantly.

You can buy crypto via your credit card or through bank transfers.

Weakness
Although it supports multiple languages, it is only available in Nigeria & Ghana.

You can’t stake crypto on the platform.

It has limited features compared to global exchanges like Bybit.

You can’t trade spots or derivatives on the app.

It doesn’t have the order book tool for advanced crypto trading.

Compared to Quidax, it doesn’t have its own native cryptocurrency.

Quidax

Strengths
The exchange is colourful and very user-friendly.

While trading on the app, the transaction fees are very low.

Quidax is a highly secured crypto exchange.

You can trade a wide range of cryptocurrencies with ease, including meme coins & altcoins

This crypto exchange is available in 50+ countries, including Ghana.

Quidax allows you to stake your crypto for rewards on the platform.

Its order book feature is excellent for real-time crypto advanced trading.

Quidax has its own native cryptocurrency, QDX, which users can earn rewards from when they trade the token.

Weaknesses
It only supports Naira & USD as the only fiat currencies to trade on the exchange.

It doesn’t support multiple languages, just the English Language.

Its crypto savings feature is not as excellent as that of Roqqu.

Unlike Roqqu, you can not pay utility bills, take crypto loans, and receive payment for your business instantly on this exchange.

It also has limited features compared to global exchanges like Bybit.

You can’t trade spots or derivatives on the exchange.

My opinion
Both crypto exchanges are pretty similar to me. I love how simple it is in navigating the features of both exchanges. However, I feel that they can be better.

Although they were created to meet the trading needs of Nigerian crypto traders, I think they should include the p2p trading feature and other trading features like Margin trading, futures trading, spot trading etc..

These features will make them similar to global exchanges like Binance & Bybit.

For day-to-day crypto trading, I will go with Quidax. However, Roqqu is an excellent crypto exchange for business folks who want to receive payments worldwide, and its savings & loan feature sets it apart from any other Nigerian crypto exchange.

I use both apps simultaneously, which is excellent if you want the best of both exchanges.

The cryptocurrency market witnessed a slight unrest after the Bitcoin halving event was announced to take place this year.

This very notable event, which happens once every four years, involved the cutting of miner rewards on the Bitcoin blockchain in half, thereby keeping the supply and value of Bitcoin in check.

Before this event, the crypto market had a slight bull run, with many cryptocurrencies, including Bitcoin, surging to new price levels.

The bull run caused many investors to cash out big on their investments; however, this is just the beginning.

Crypto analysts have predicted that once the halving is complete (This took place on April 20, 2024), many more tokens will experience more price increases and hit new all-time highs, thereby making it the best time to invest in the crypto market.

If you are a crypto investor looking to know which coins will surge in price and give you good returns now the halving event is over, keep reading.

Top 8 altcoins & meme coins to buy

Solana
SOL, the cryptocurrency which has won the hearts of millions of crypto investors, is number 1 on this list.

This cryptocurrency has gained massive popularity lately due to its vision, innovation, & its ability to perform well during the bull run.

In March, SOL made an impressive win by hitting $200 for the first time since 2021 before falling to $140.

However, crypto experts have predicted that it will gain momentum post-bitcoin halving. CoinCodex has predicted that Solana will rise by over 13% post-halving, thereby mooning to $160 in price value.

Toncoin
TON is another cryptocurrency which has experienced a remarkable level of growth during this bull run and is predicted to rise more post-bitcoin halves this year.

This bull run, this token has witnessed a 130% increase in value, taking it from $3 to $7, and according to price predictions, TON is expected to hit $10 by the end of 2024. This is a 60% jump from its current price of $6.

Ethereum
ETH, the second most valuable cryptocurrency by market cap, is third due to speculations that it can push past the $3000 price barrier.

Crypto analysts have predicted that ETH will likely rise to a new all-time high post-bitcoin halves, surging past its current trading price of $3,510 to $5000.

Dogecoin
DOGE, the world’s most popular meme coin, is known for its strong community, especially on X.
After it was launched in 2013, it hit an all-time high of $0.58 during the 2021 bull run before falling to $0.15 per coin.

Due to the recent meme coin rallies, speculation is high that it might reach $0.5; however, analysts have predicted that this meme coin will likely reach $0.25 right after bitcoin halves.

Shiba Inu Coin
SHIB is another meme coin, just like DOGE. This token has witnessed notable growth since its launch in 2020.

SHIB's price value has surged by 109% within the past year despite the unpredictable nature and performance of meme tokens in the crypto market.

The coin has also witnessed an increase in recent trading activities, thereby experiencing a rise in the amount of SHIB tokens burned. This token is set to surge in price post bitcoin halving, which makes it a good token to buy now.

Dogwifhat
WIF is a meme token built on the Solana network. It has gained popularity among meme coin investors within five months of its launch.

This token has shown promising growth recently, with its price increasing by 12% in the last 30 days to reach $3.03. In total, it has witnessed a surge of 1800% since its launch.

WIF has a market capitalisation of $2.8 billion and ranks 41 in the crypto market. It is among the top meme coins to buy post-BTC halving as it is expected to surge more in price soon.

Fantom
FTM is the native cryptocurrency of the Fantom blockchain, which is designed to solve the scalability issues of other blockchain networks.

FTM has risen in market price by 140% since its launch in 2018, making it an excellent altcoin for maximum gain.

Before now, FTM has surged from $0.8133 to $1.19 before falling to its current price of $0.705. According to crypto analysts, this coin can end the year at $1.5 per coin.

Binance Coin
BNB has risen significantly during this bull run. According to CoinCodex, this token is very likely to make a price increase of 8% post-Bitcoin halving, taking it from $560 to $588. Also, BNB might surge further to $680 in price in the coming months.

This prediction makes it a valuable coin to buy now.

Where to buy altcoins & meme coins
Now you know what altcoins & meme coins to buy, the next question is where to buy these coins.

Most crypto exchanges do not have all of these coins listed, so it is advisable to research any exchange you plan to choose to know the tokens listed on it.

If you are outside Nigeria, I highly recommend you buy these cryptocurrencies on Binance, Bybit, Kraken, and Coinbase. However, if you are a Nigerian looking to purchase any of these tokens listed above, I highly recommend the Roqqu crypto exchange.

Roqqu is proudly one of the best Nigerian crypto exchanges and very much meets the needs of any Nigerian crypto trader (including crypto traders in Ghana).

The crypto exchange has over 100 cryptocurrencies listed on its platform. Users can easily buy and sell USDT, BTC, ETH and many other cryptocurrencies on the platform.

With Roqqu, you can buy crypto in multiple currencies like Naira, Dollars, Cedis, Pounds, and Euros via your credit card or bank transfer.

Roqqu also provides the ability to swap tokens, pay bills via crypto and receive payment in fiat currencies from anywhere in Africa.

The exchange is also designed for business owners to accept payments from their customers anywhere in the world.

The exchange has a robust savings & loan feature that sets it apart from any other Nigerian crypto exchange.

Trading on Roqqu Exchange comes with minimal cost. To withdraw your crypto assets on the platform comes with a little charge, and this largely depends on how large the crypto amount is and where it will be sent.

Now What?
If you have been looking for the best time to invest in crypto, now is the best time to do so, as the halving event has been predicted to affect the crypto market positively. We expect many coins to rise in price value and surpass their all-time highs.

Investing in the coins listed above promises to make high returns; however, it is essential to do your research before buying any crypto token. It is advisable to invest what you can afford to lose.

Kevin Brady once said, “Inflation destroys savings, impedes planning, and discourages investment. That means less productivity & a lower standard of living.” This is an absolute fact.

The first time I felt inflation's impact was after Uni when I got my first job.

Getting my first job was like a dream come true. I could finally afford to buy things I always wanted without asking my parents for financial assistance. What an enormous joy it was for me.

Sadly for me, this joy was very short-lived because after I got my first paycheck, unknown to me, the prices of the items I wanted to get had gone up a lot, and I couldn’t afford it all.

Inflation had struck again when I least expected it.

Living in a developing country like Nigeria with a currency (Naira) that experiences constant devaluation against a global currency like the U.S. Dollar is a continuous struggle.

According to Premium Times Nigeria (a reputable news magazine in Nigeria), Nigeria’s Inflation rate grew to about 25.4% in January 2024. This is a 5.9% increase in inflation compared to a 19.4% inflation rate recorded in January 2023.

This puts Nigeria as the sixth African country with the highest inflation rate, according to BusinessdayNG.

With an inflation rate this high, it only makes sense to look for various ways to protect my earnings and savings against constant devaluation. In my little search, I found out about saving in crypto (USDT), and since I began this in 2023, I haven’t found a need to change my mind.

To know how I went about this, keep reading.

Why you should save in crypto:
Before I get into how I started saving in crypto, it is essential to know that the crypto industry is highly volatile, and this is why a lot of people shy away from trading crypto.

Although this can be crypto’s unpleasant feature, thankfully, stability has been integrated into the crypto ecosystem by the creation of USDT (crypto Dollar).

Unlike other cryptocurrencies, USDT is a stablecoin with its value pegged to a dollar. This means that for every USDT out there, its value is equivalent to a dollar.

Example: Tom has 100 USDT in his crypto wallet. Tom decided to swap this for fiat, and upon doing so, Tom received $100. This is because 1 USDT= $1.

The cool thing about USDT is that no matter how volatile the crypto market can be, it still maintains its value. So, there are no worries about the value of your USDT dropping to half of what you invested.

A stablecoin like this, which has almost the same characteristics as the U.S. dollar (which is considered as the most potent global currency in the world), provides a very flexible way to save no matter where you are in the world.

Saving in USDT provides stability for your funds, especially when traditional currencies experience volatility, especially during economic uncertainty.

Also, USDT helps to protect your savings against the weakening effects of inflation, primarily when a country’s currency experiences increased printing, thereby subjecting its economy to inflation.

As a Nigerian, saving in USDT allows for global accessibility due to its decentralised nature. It is easy to access your savings globally anywhere you are in the world, and you need not worry about your local bank's restrictions or unavailability.

How to start saving in crypto:
Saving in crypto is a straightforward process and can be done at your convenient time.

If you want to know about the best crypto-saving accounts and apps in the world, you should check out my article here.

However, if you are a Nigerian looking to save your funds in crypto, particularly USDT, I strongly recommend that you use crypto exchanges that are tailored to meet the crypto-saving needs of Africans, especially Nigerians, like the Roqqu crypto exchange.

Roqqu is one of the best crypto savings apps in Africa. As a Nigerian (or Ghanaian), Roqqu allows you to save your funds in USDT easily, thanks to the “Savings" feature on the app. Also, as you save on Roqqu, you earn high interest.

To get started with saving your crypto on this exchange, all you need to do is follow these simple steps below:

First, you need to download the Roqqu app on the google play store & sign up for free. You will be asked to verify your information & do your KYC.

Now, you can log in to your account. To begin your journey to saving on the Roqqu app, you have to deposit some funds in your wallet.

You can do this via bank transfer, mobile money, card top-up, etc. Once this is done, you can see the equivalent of the funds you deposited in dollars.

Next, click on the menu bar.

Once you do so, you will see the savings feature under the “Earn” section. Click on savings.

After this, click on Get Started. This will open up two options to either “Buy USDT” or “Receive USDT”. You can choose any option of your choice.

If you choose to buy, select the “Buy USDT” option. Roqqu will use the amount of money you deposited in your crypto wallet and convert it to USDT. Note: If you want to increase the USDT to save, all you need to do is to fund your crypto wallet again.

Finally, your USDT will be kept in a highly secure savings account, and as stated earlier, you get to earn interest weekly and monthly as you keep saving on the app.

You can save as you like, and there are no hidden charges on your savings account.

Note: You can easily withdraw your savings anytime and convert it to your local fiat currency for easy transfer to your bank account.

What Next!
Living in Nigeria, a country prone to high inflation rates, there is no doubt that finding various means to hedge your money against the falling Naira is a smart thing to do.

According to Trading Economics, the Naira has devalued against the dollar by over 800% from what it was in 2004, and it will continue to do so in the forthcoming years, except if specific measures are put in place to stabilise the Naira.

Saving in crypto provides a very convenient and alternative means to take advantage of the dynamic power of blockchain and protect your funds with a more stable digital currency.

High-value crypto exchanges like Roqqu make it possible for Nigerians to save & transact in USDT at little to no transaction costs.

If you are a Nigerian (like me) searching for various ways to make more money in the cryptocurrency space, you definitely should give P2P trading a shot.

Crypto P2P trading is a very lucrative way to make money as a Nigerian. Statistics show that Nigeria has the most crypto p2p transactions in the world, with over $60 billion traded in various p2p channels within a year.

Wow!

If you don’t know what p2p trading is, don’t worry. I will explain everything you need about P2P trading and how it works.

However, if you are aware of what p2p trading is and you are looking for the best p2p trading platform to make some cool cash, look no further because I will be listing the best crypto exchanges for p2p trading in Nigeria.

Before I get into all you need to know about p2p trading, let’s understand what this concept is.

What is P2P trading

P2P trading stands for peer-to-peer trading. For p2p trading to happen, there should be a marketplace, and this marketplace is known as a p2p marketplace.

A P2P marketplace is a decentralised system where buyers and sellers meet digitally to trade any cryptocurrency of their choice directly with each other without the interference of a third party or central authority.

In simple terms, p2p trading is the immediate buying and selling of cryptocurrencies directly among individuals without the involvement of a third party or central authority.

Example: Vanessa has $100 and wants to buy the equivalent in USDT. Vanessa immediately signs into a p2p marketplace.

She is immediately matched with a seller willing to collect her fiat in exchange for the USDT. The transaction pulls through, and Vanessa has 100 USDT in her crypto wallet.

It's that simple.

Trading crypto via peer-to-peer means you want to trade crypto directly from someone with a set price on the crypto you desire to purchase.

It is important to know that most crypto exchanges like Bybit and Roqqu, act as a P2P marketplace where buyers and sellers can meet and trade directly amongst themselves.

In these marketplaces, buyers and sellers can decide to negotiate the terms of the trade, the payment method most convenient for themselves, and the price to trade, amongst others.

A cool thing about most of these exchanges is that with the help of smart contracts and escrow services, these platforms ensure that any P2P transaction made on their platform is secure and transparent.

By providing escrow abilities, these exchanges act as custody of the crypto or fiat to be traded until both parties involved have fulfilled their part of the trade.

An excellent example of an exchange that provided this service for Nigerian crypto traders was Binance Nigeria.

Binance Nigeria was not only the first crypto exchange to provide escrow services to p2p traders but also the most used crypto exchange for peer-to-peer trading in Nigeria, thanks to how beginner-friendly it was and its security measures.

However, after Binance delisted the NGN/USDT pair and ended Naira trading for Nigerian crypto traders, crypto traders immediately took to other crypto exchanges that are as good as Binance to continue trading among themselves.

Best P2P trading platforms in Nigeria

Before listing out the best P2P crypto trading platform in Nigeria, it is essential to know that these platforms are very user-friendly and highly tested and trusted among crypto traders in Nigeria.

They provide escrow services and are also hack-proof and keep their user funds safe on their platform.

1. Bybit
Also known as Binance twin. Bybit is a crypto exchange launched in 2018 and is available in 160 countries, including Nigeria.

As a global crypto trading platform, Bybit boasts of many features and offers Nigerians the ability to trade via P2P, as well as trade in the spot & derivatives market.

Nigerian traders can trade crypto (particularly USDT, USDC, BTC, & ETH) for Naira through its user-friendly P2P platform.

Bybit also provides escrow services, making it easy for users to trade smoothly without any loss.P2P trades on the platform are free (No hidden cost).

However, to withdraw your crypto assets on the platform comes with a little charge, and this largely depends on how large the crypto amount is and where it will be sent.

2. Roqqu
Roqqu is proudly one of the best Nigerian crypto exchanges and very much meets the needs of any Nigerian crypto trader (including Ghanaian).

The crypto exchange has over 100 cryptocurrencies listed on its platform. Users can easily buy and sell USDT, BTC, ETH and many other cryptocurrencies on the platform.

With Roqqu, you can buy crypto in multiple currencies like Naira, Dollars, Cedis, Pounds, and Euros via your credit card or through bank transfers.

Roqqu also provides the ability to swap tokens, pay bills via crypto and receive payment in fiat currencies from anywhere in Africa.

Trading on Roqqu Exchange comes with minimal cost. Also, to withdraw your crypto assets on the platform comes with a little charge, and this largely depends on how large the crypto amount is and where it will be sent.

3. BitMama
This exchange is also top of my list for p2p trading in Nigeria. It's a crypto exchange I have a special connection with because of its founder.

Bitmama is a p2p crypto exchange founded in 2017 and offers various services on its platform. It has over ten cryptocurrencies listed on its platform to trade, including BTC, ETH, USDT, XRP, etc.

Users of this crypto exchange can also get crypto credit cards on the platform, which they can use to buy crypto, buy goods from anywhere in the world, and pay for any service.

The exchange is available in almost 20 countries including in the U.K, and charges little to no trading fees.

Wrapping it up
P2P crypto trading provides an effortless way to buy and sell cryptocurrencies in a country like Nigeria, which is not so crypto-friendly.

Although it is very lucrative, getting started as a trader on these platforms mentioned above is super easy. These platforms require that you complete your KYC verification process, the process is swift, and your information is safe.

Also, remember that it is very important that you do your research really well to know which crypto platforms are best suited for you to begin your trading journey. You can also sign up to multiple crypto platforms to trade P2P at any time.