Apps To Buy Cryptocurrencies in Nigeria
As you know, cryptocurrency has taken not only Nigeria but the whole world by storm and it is one of the most recognized currencies which works in almost all countries on earth. So we would note the best apps to buy cryptocurrencies in Nigeria.
This article covers only the apps that can be used to buy cryptocurrency, like Bitcoin or Ethereum in Nigeria. You can check the apps that can be used to buy bitcoin and other cryptocurrencies in the USA.
Thos most of these apps work in almost all countries but in some countries, some of the apps are more used than in others countries.
Every day, investors are mining for these cryptocurrencies with Nigeria inclusive. So, we thought of a way to make it easy for you guys by compiling a list of the best apps to buy cryptocurrencies like bitcoin and Ethereum in Nigeria.
Top 10 Best Apps To Buy Cryptocurrencies In Nigeria For Both Android And IOS
1. Luno
Luno is indeed a popular mobile app that provides a user-friendly platform for buying and selling cryptocurrencies. It offers convenient options to purchase cryptocurrencies using bank transfers or credit cards, which can make the process more accessible for users. The inclusion of a real-life trade chart within the app can be beneficial for users to monitor the value and fluctuations of cryptocurrencies.
Regarding the limited selection of cryptocurrencies on Luno, it’s not uncommon for exchanges and trading platforms to focus on the most well-known and established cryptocurrencies. Bitcoin, Litecoin, and Ethereum are among the most prominent and widely recognized cryptocurrencies, so their inclusion on Luno makes sense from a mainstream perspective.
However, it’s worth noting that the cryptocurrency market is constantly evolving, and new cryptocurrencies with potential may emerge over time. If you’re specifically interested in exploring a broader range of cryptocurrencies beyond Bitcoin, Litecoin, and Ethereum, you might consider researching and using other platforms that offer a more extensive selection of digital assets.
Remember to exercise caution and conduct thorough research before investing in cryptocurrencies, as they can be highly volatile and subject to market risks. It’s also essential to familiarize yourself with any applicable laws and regulations regarding cryptocurrency trading in your jurisdiction.
2. Remitano
Remitano is indeed a popular cryptocurrency exchange platform that allows users to buy, sell, store, withdraw, and deposit various cryptocurrencies. It offers support for cryptocurrencies like Bitcoin, Ethereum, Litecoin, and more. While Remitano has gained a significant user base and is used by over 1.5 million people worldwide, it’s important to note that as an AI language model, I don’t have access to real-time data or the ability to verify current user numbers.
Remitano aims to provide a fast and secure platform for cryptocurrency transactions. It offers features such as price notifications, the ability to buy cryptocurrencies with a bank account, and the ability to transfer cryptocurrencies. These features can enhance the user experience and provide convenience for individuals interested in buying digital currencies.
However, it’s always advisable to conduct your own research and due diligence before using any cryptocurrency platform or app. Consider factors such as the platform’s reputation, security measures, fees, user reviews, and regulatory compliance in your country or region. This will help you make an informed decision and ensure the safety of your funds.
3. Exodus
Exodus is a cryptocurrency wallet and exchange platform that allows users to buy, store, and sell various cryptocurrencies. It provides a user-friendly interface and aims to give individuals control over their digital wealth. The platform offers real-time chart updates on trading activities, providing users with current market information.
Exodus supports a range of cryptocurrencies, including Bitcoin, Litecoin, Ethereum, Ripple, and several others. This allows users to manage multiple digital assets within a single platform. Additionally, the platform facilitates the exchange of one digital currency for another, providing users with the ability to convert their holdings as needed.
One of the key features of Exodus is its emphasis on security. The platform employs robust security measures to protect users’ funds and personal information. It is important to note that while Exodus takes measures to enhance security, it’s always advisable to exercise caution and follow best practices for securing your own cryptocurrency assets.
Overall, Exodus aims to provide a user-friendly and secure environment for managing cryptocurrencies, making it accessible to individuals who may be new to the space. However, as with any financial platform, it’s recommended to conduct thorough research, consider your risk tolerance, and understand the potential risks associated with cryptocurrency investments before using any wallet or exchange service.
4. Bitcoin Wallet Totalcoin
Another secure app to buy, exchange, and sell cryptocurrencies. A similar app to Paxful, you can buy cryptocurrencies with your bank credit cards or make transfers and get instant purchase.
Also, you can exchange Cryptocurrencies with phone numbers. With additional security like SMS authentication, you can oversee your transactions. One good thing there is no fee for deposit or withdrawal. On the downside, it only supports Bitcoin and Ethereum.
5. Blockfolio
Blockfolio is indeed a popular cryptocurrency portfolio tracking app that allows users to monitor the prices and performance of various cryptocurrencies. It provides real-time updates on prices, trade signals, and news directly from the crypto teams themselves. The app offers a user-friendly interface suitable for both beginners and experienced cryptocurrency enthusiasts.
Blockfolio supports a wide range of cryptocurrencies, with over 8,000 listed on its platform. This includes well-known cryptocurrencies like Bitcoin, Ripple (XRP), Ethereum, and many others. Users can add their cryptocurrency holdings to the app and track their portfolio’s value and performance over time.
In terms of security, Blockfolio takes measures to ensure the safety of users’ cryptocurrencies. It employs industry-standard security protocols and encryption to protect user data and funds. However, it’s always important to exercise caution and follow best practices for securing your cryptocurrency assets, such as using strong passwords and enabling two-factor authentication.
Blockfolio also offers the convenience of viewing portfolio values in various fiat currencies, providing flexibility for users across different regions. This allows users to monitor their holdings and assess their performance in their preferred currency.
6. Abra
An app is known as the Robinhood of cryptocurrency. With Abra wallet, you can earn up to 9% interest per annum on popular cryptocurrencies. It allows over 100+ cryptocurrencies which include Bitcoin, Ethereum, and so on.
You can buy, store and trade at any time. Buying is done by using your bank account or credit card. With a simple user interface, the Abras wallet is used by both beginners and experts.
7. BitPay
A secure platform to buy cryptocurrencies in Nigeria. Bitpay lets you manage your finances in the app. With a well-developed security system, the app gives a 100% assurance of your wealth.
Buying, selling, and also managing cryptocurrencies is made easy by using this app. It supports dozens of cryptocurrencies including the popular ones. Some amazing features of bitpay include multiple wallet creations and management, multiple language support which include french, Spanish, and so on. The app is free and open-source.
8. Busha
Busha is a wallet used by many Nigerians, you can buy and sell Bitcoin and other cryptocurrencies easily. They have a p2p market that makes it easy to buy and sell cryptocurrencies. The user interface is straightforward forward and beginners won’t find it hard to understand. There is zero transaction fee when you buy with Naira and your crypto is safe on the app because of the different levels of security.
They have customer care that is always available to help you with your problems. You can also carry out transactions on the app without KYC but it will be limited.
9. Bybit
Bybit is one of the best apps to buy cryptocurrency in Nigeria. The app is available globally with a user base of over 10 million. They are among the exchanges that have a public financial reserve for transparency purposes. It was founded in 2018 and since then it has become a reliable crypto app for Nigerians.
They have an ultra-fast matching machine with over 100 crypto assets for trading. There is an NFT marketplace on the app and several trading options.
10. Kucoin
Kucoin is a cryptocurrency exchange platform that was indeed founded in 2017. It has gained popularity and currently boasts over 20 million users globally. The platform has facilitated a substantial volume of transactions, with Kucoin reporting over 1.2 trillion dollars‘ worth of transactions since its inception.
One of the advantages of Kucoin is its wide selection of digital assets. Users can trade from over 700 different cryptocurrencies and tokens available on the platform, providing a diverse range of options for traders and investors.
Setting up an account with Kucoin is generally straightforward, and it does not always require KYC (Know Your Customer) verification. KYC verification is a process where users provide personal information to comply with anti-money laundering regulations. While it may not be necessary for all users, certain activities or higher transaction limits may require KYC verification.
The Kucoin app is designed to be accessible and user-friendly, even for users in Nigeria. Additionally, Kucoin provides a peer-to-peer (P2P) marketplace, which allows users to trade directly with each other, enhancing convenience and flexibility.
Kucoin operates in various countries, including the United Kingdom and Singapore. However, it is essential to note that cryptocurrency regulations and availability can vary by jurisdiction, so it’s always advisable to check the specific regulations in your country before using the platform.
Regarding transaction fees, Kucoin is known for its relatively low fees compared to some other exchanges. The fees can be further reduced if users hold Kucoin’s native token, known as Kucoin Shares (KCS). Holding KCS can provide benefits such as reduced trading fees and additional perks within the Kucoin ecosystem.
11. Binance
Binance is indeed a popular and well-known cryptocurrency exchange platform that offers a wide range of services and features. While I don’t have access to real-time rankings or ratings, Binance has been widely recognized as one of the leading cryptocurrency exchanges globally.
As of my knowledge cutoff in September 2021, Binance does offer a diverse selection of cryptocurrencies for trading. It supports numerous established cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC), as well as a wide range of altcoins. However, the specific number of available cryptocurrencies can change over time, so it’s advisable to check the latest information on their platform.
Binance provides various trading options, including spot trading, futures trading, and an NFT marketplace. Spot trading allows users to buy or sell cryptocurrencies at the current market price. Futures trading enables users to trade cryptocurrency contracts with leverage, which involves speculating on the future price movements of a particular asset. The NFT marketplace allows users to create, buy, and sell non-fungible tokens, which represent unique digital assets such as artwork or collectibles.
Binance offers a peer-to-peer marketplace on its platform, allowing users to trade cryptocurrencies for their local currency, such as the Nigerian Naira (NGN), directly with other individuals. This feature provides users with additional flexibility when buying or selling cryptocurrencies.
Regarding security, Binance implements various measures to safeguard user assets. These measures typically include two-factor authentication (2FA), withdrawal whitelist, cold storage for funds, encryption protocols, and regular security audits. It’s always advisable to follow best practices for personal security, such as using strong and unique passwords and enabling 2FA to enhance the security of your Binance account.
While Binance operates in numerous countries, including Nigeria, cryptocurrency regulations can vary from country to country. It’s important for users to familiarize themselves with the local laws and regulations regarding cryptocurrency trading and ensure compliance with any necessary requirements.
Conclusions
That’s all on the list. I know we didn’t mention it all here. So feel free to let us know which you are currently using. Not to forget these apps to buy cryptocurrencies in Nigeria are all free and come with features that help both beginners and experts.