7 Exchanges to buy and sell Bitcoin in Nigeria in 2020

7 Exchanges to buy and sell Bitcoin in Nigeria in 2020/2021 

In this page, I shall tell you the top 7 most trusted exchanges to buy and sell Bitcoin in Nigeria.

Disclosure: This post may contain affiliate links, which means we may receive a commission if you click a link and purchase something that we recommended.

But before I will go further to tell you the best 7 legit site where you can buy and sell Bitcoin in Nigeria without being scam. We should first look at the meaning of Bitcoin and cryptocurrency.

What is Bitcoin

According to wikipedia, Bitcoin is a cryptocurrency invented in 2008 by an unknown person or group of people using the name Satoshi Nakamoto and started in 2009 when its implementation was released as open-source software.

What is Cryptocurrency

According to wikipedia, A cryptocurrency (or crypto currency) is a digital asset designed to work as a medium of exchange wherein individual coin ownership records are stored in a ledger existing in a form of computerized database using strong cryptography to secure transaction records, to control the creation of additional coins, and to verify the transfer of coin ownership. It typically does not exist in physical form (like paper money) and is typically not issued by a central authority. Cryptocurrencies typically use decentralized control as opposed to centralized digital currency and central banking systems.

Top 7 Exchanges to buy and sell Bitcoin in Nigeria

1. Luno

2. OkEx

3. Local bitcoins

4. NairaEx

5. BitPesa

6. Kraken

7. Binance

Luno (review)

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.

We may receive compensation when you use Luno. Please visit Luno for its exact pricing terms.

Is Luno Safe to trade Bitcoins?

Luno SIGN UP

OkEx (review)

OkEx is  a world-leading cryptocurrency exchange, providing advanced financial services to traders globally by using blockchain technology.

OKEx provides hundreds of token & futures trading pairs to help traders to optimize their strategy. They are also one of the top digital asset exchanges by trading volume, serving millions of users in over 100 countries. OkEx BTC futures trade has nearly $1.5B of volume daily, and is widely recognized as the gold standard for the industry.

Is OkEx Safe to trade Bitcoins?

OkEx is Safe for Bitcoin Exchanges. it is a safe and reliable platform to trade a wide range of altcoins and the major crypto pairs such as Bitcoin, Ethereum, Litecoin and Ripple. … You can even purchase crypto instantly through the exchange using fiat currency.

OkEx SIGN UP

LocalBitcoins (review)

LocalBitcoins is another bitcoins exchange that is really good to use. Local Bitcoin is a peer to peer bitcoin marketplace based in Helsinki, Finland. Its service facilitates over-the-counter trading of local currency for bitcoins. Users post advertisements on the website, where they state exchange rates and payment methods for buying or selling bitcoins.

The website offers a service to facilitate the locating of other Bitcoin users can meet others for person to person trading of bitcoin. The site is suggested for casual traders seeking more privacy. The site uses an escrow system, and the transfer of bitcoin is made after funds are received in the sellers account.

Is LocalBitcoin Safe to trade Bitcoins?

Yes, local Bitcoin site is safe to trade Bitcoins

LocalBitcoin SIGN UP

NairaEx (review)

NairaEx is a leading Nigerian Bitcoin exchange where you can buy and sell Bitcoin, Litecoin, Bitcoin Cash, Ethereum and Perfect Money with Naira at best rate.

NairaEx is an e-currency exchange service provider that it’s headquarter is situated in Abeokuta, Ogun State, Nigeria. It allows its users to buy and sell bitcoin and perfect money with the Nigerian naira. … The Company aims to provide a fast, simple, and easy bitcoin exchange service that is accessible to all Nigerians.

Is NairaEx Safe to trade Bitcoins?

Yes, NairaEx is safe to do bitcoins exchanges (Buy/Sell) 

NairaEx SIGN UP 

BitPesa (review) 

Founded in 2013, BitPesa provides wholesale cryptocurrency liquidity for individuals and institutions across Africa. In addition to fast settlement and number of currency options, BitPesa also boasts state-of-the-art security and the deepest liquidity of any African exchange. A product of the BTC Africa S.A Group, BitPesa is a digital foreign exchange and payment platform for frontier markets.

BitPesa is a Bitcoin remittance company. They sell bitcoin in Kenya via the popular M-PESA mobile payment service. BitPesa also has a presence in 2 other African countries. In Nigeria, you can use BitPesa to buy bitcoins with your debit card or Paga account. In Uganda, you can buy with MTN or Airtel.

Is Bitpesa Safe to trade Bitcoins?

Yes, Bitpesa site is safe to trade Bitcoins (cryptocurrency)

Bitpesa Sign Up

Kraken (review) 

Kranken is one of the largest and oldest Bitcoin exchanges in the world, Kraken is consistently named one of the best places to buy and sell crypto online, thanks to their excellent service, low fees, versatile funding options and rigorous security standards — Kraken has been on the forefront of the blockchain revolution since 2011.

From over-the-counter trading to personalized white-glove account management, Kraken is the premier cryptocurrency investing solution for institutions of all sizes. They offer exceptional liquidity and competitive pricing for all their markets so you can achieve your investment goals quickly and confidently.

Since Satoshi first mined Bitcoin’s genesis block in 2009, crypto has been changing the world – and the Kraken team is leading the charge. They’re looking for talented, inspiring people who are passionate about bringing cryptocurrency to the mainstream. If you’re interested in joining Kraken, click the link below to join. 

Is Kraken Safe to trade Bitcoins?

Yes, Kraken site is safe to trade Bitcoins (cryptocurrency)

Kraken Sign Up

Binance (review) 

Binance, the leading global cryptocurrency exchange, today announced the launch of peer-to-peer (P2P) trading services for the Nigerian Naira (NGN), providing an open platform for users to trade cryptocurrencies using NGN with zero transaction fees on Binance.com or Binance mobile app. 

A peer-to-peer (P2P) network in which interconnected nodes (“peers”) share resources amongst each other without the use of a centralized administrative system. A network based on the client-server model, where individual clients request services and resources from centralized servers.

Binance is also a blockchain ecosystem comprised of several arms to serve the greater mission of blockchain advancement and the freedom of money. Binance Exchange is the leading global cryptocurrency exchange by trading volume, with users from over 180 countries and regions. The Binance ecosystem is also comprised of Binance Labs (venture capital arm and incubator), Binance DEX (decentralized exchange feature developed on top of its native, community-driven Binance Chain blockchain), Binance Launchpad (token sale platform), Binance Academy (educational portal), Binance Research (market analysis), Binance Charity Foundation (blockchain-powered donation platform and non-profit for aiding in sustainability), Binance X (developer-focused initiative) and Trust Wallet (its official multi-coin wallet and dApps browser). 

Binance also has a Peer-to-Peer (P2P) function which provides easy access to cryptocurrency through a consumer-to-consumer (C2C) or business-to-consumer (B2C) model and better trading experience for users.

Is Binance Safe to trade Bitcoins?

Yes, Binance site is safe to trade Bitcoins (cryptocurrency)

Binance Sign Up

How to Sell Bitcoin in Nigeria

We have explain 7 best site where you can sell your Bitcoin in Nigeria. The only best way I will tell you to sell Bitcoin in Nigeria is to register with the best Bitcoin exchanges site in Nigeria.

How to Buy Bitcoin in Nigeria

We have explain 7 best site where you can but your Bitcoin in Nigeria. Now, to be able to buy Bitcoin in Nigeria, I will advise you to register with the best Bitcoin exchanges site in Nigeria. 

Where to Bitcoin price latest News 

I will suggest you to use the Google Algorithm to know the latest price of Bitcoin for today marketing trade. 

How to know Bitcoin price in Naira 

Go-to Google and type the amount of Bitcoin to the currency you want to convert it to. 

Example. 

That’s it, you can also search it with any Currency to know the exact trading price of your Bitcoin.