There are a bunch of reasons why you might want to buy bitcoin in Nigeria. Maybe you want to use it to hedge against Naira’s inflation. Or you want to hold it as an investment asset and wait till it’s profitable before you sell it. Or maybe you want to day trade it.
We’ve put together a list of the best apps and sites to buy bitcoin in Nigeria for you.
For you to buy bitcoin in Nigeria, you’ll need a bitcoin wallet as most bitcoin exchanges require it. A Bitcoin wallet is similar to a bank account where you can generate a Bitcoin address that serves as a “bank account number”, that can be given out to other users in order to receive and send Bitcoin.
Don’t have a wallet? There are so many platforms that you can use to open a bitcoin wallet in Nigeria, so you can use it to buy bitcoin in Nigeria.
However, for every one of them, their prices change in real-time. So when you want to buy bitcoin in Nigeria consider buying from different platforms.
Our top picks for the platforms to buy bitcoin in Nigeria are platforms that offer great services and market-friendly prices. The people who are heavily involved in bitcoin in Nigeria use them to buy and sell bitcoin in Nigeria.
- How to Trade Bitcoin in Nigeria after Ban
- Best P2P Crypto Exchange in Nigeria
- Best Cryptocurrency Trading Apps in Nigeria
In this Article
Trusted Apps & Sites to Buy Bitcoin in Nigeria
Our top picks for the platforms to buy bitcoin in Nigeria are platforms that offer great services and market-friendly prices. The people who are heavily involved in bitcoin in Nigeria use them to buy and sell bitcoin in Nigeria.
- Binance
- Paxful
- Remitano
- Quidax
- Nairaex
- Patricia Wallet
- Breet
- Blockvilla
- Kraken
- Buycoins
- Localbitcoins
- Presmit
- Busha
- Bitnob
- ChipperCash
- Bitmama
- Bundle Africa
1. Binance
Binance is one of the leading bitcoin trading platforms in the world, you can buy over 200 crypto coins on Binance. The platform accepts users from around the world and has received favourable reviews from the crypto community.
Binance offers one of the most competitive rates around. Binance is a great option if you’re looking for how to buy bitcoin in Nigeria. It’s an awesome platform that is friendly for beginners. You can easily convert your Naira to bitcoin and bitcoin to Naira easily on Binance. With Binance you can buy bitcoin in Nigeria with your debit card or via bank transfer.
Check out our Binance Review>>
2. Paxful
Paxful is a secure peer-to-peer marketplace Bitcoin that was started in 2015 by Ray Youssef and Artur Schaback. On the Paxful marketplace, buyers and sellers of bitcoin and other cryptocurrencies interact by posting trade offers.
There are multiple payment options you can use to buy bitcoin in Nigeria on Paxful. Some of the payment methods include Debit Card, PayPal, Perfect Money, SWIFT, Western Union, Moneygram and even Gift Cards.
You can sign up to Paxful and start buying bitcoin from Nigeria today
3. Remitano
Remitano is a P2P bitcoin marketplace where you can buy and sell bitcoin easily and safely. Remitano has a simple interface coupled with top-notch online customer support that is available 24/7.
Other than Nigeria, Remitano is used in countries like Australia, Malaysia, Vietnam, Cambodia, China and is growing every day.
You can easily buy bitcoin in Nigeria from Remitano as it uses a safe system called an escrow. When you buy bitcoin with Remitano, your funds are deposited in escrow till the bitcoin is in your wallet. You can also trade other cryptocurrencies on Remitano.
4. Quidax
Quidax is a safe cryptocurrency trading platform you can use to buy bitcoin in Nigeria. You can also buy Ethereum, Ripple, Litecoin, and other cryptocurrencies with Quidax.
Quidax is one of the latest cryptocurrency exchanges in Africa. You can securely buy bitcoin in Nigeria with Quidax. You can also withdraw easily with Quidax
5. Nairaex
NairaEx might be the biggest local bitcoin exchange platform from Nigeria. NairaEx is a secure and reliable bitcoin exchange for Nigerians who want to buy bitcoin in Nigeria.
With Nairaex, you can easily create buy and sell orders for Bitcoin quickly.
Nairaex also offers same-day funding & withdrawal into any Nigerian bank. All fees are included in the rate. The payment options Nairaex supports are Bank Transfer, Bank deposit, and ATM transfer.
All cryptocurrency assets on Nairaex are stored securely offline with a leading wallet custodian according to the company. All cryptocurrency assets on Nairaex are stored securely offline with a leading wallet custodian according to the company.
6. Patricia Wallet
Patricia
The Patricia
You should consider the Patricia wallet if you want a bitcoin wallet in Nigeria that you can easily use to make everyday payments.
7. Breet
Breet app is an automated crypto-to-fiat app that allows anyone in Nigeria to sell their crypto and recieve cash in return straight to their bank account. Without paying any transfer fee whatsoever.
Breet lets you get the cash value for your crypto immediately within 5 minutes.
Breet also acts as a payment gateway in Nigeria where businesses can accept payments using popular cryptocurrencies like Bitcoin, Litecoin, Ethereum, Dogecoins, and BCH.
8. Blockvila
Blockvila is a cryptocurrency trading and exchange company that provides both P2P (peer to peer) and P2B (Peer to business) cryptocurrency services in Nigeria and Africa. With this crypto company, you can buy and sell Bitcoin, Ethereum, USDT, and other cryptocurrencies with other traders or with Blockvila itself.
BlockVila was formerly known as Ngexchanger; an e-currency exchanger for buying, selling, and exchanging e-currency. But the company has since grown into a crypto marketplace where anyone can buy, sell, store and swap cryptocurrencies with other individual traders.
9. Kraken
Kraken is one of the biggest cryptocurrency exchanges in the world with millions of active users. The company is Headquartered in San Francisco, California, U.S. Kraken is considered one of the safest bitcoin exchanges you can use to buy bitcoin in Nigeria.
Kraken provides cryptography-verified proof of reserve audits. These audits verify the total amount of cryptocurrency held by Kraken.
Kraken offers cryptocurrency to fiat trading and provides price information to Bloomberg Terminal.
Payment options available ton Kraken are Debit card, Electronic Funds Transfer, Bank Transfer, Wire Transfer. Kraken is well-capitalized and very safe to use to buy bitcoin in Nigeria.
10. Buycoins
Buycoins is one of the best cryptocurrency exchanges to buy bitcoin in Nigeria. Buycoins is based in Lagos, Nigeria.
You can buy bitcoin in Nigeria directly from Buycoins or via Peer-to-peer that has a secure and fast escrow settlement system; One thing that makes Buycoins a great platform to buy bitcoin in Nigeria is its Zero-fees policy. Whether you buy bitcoin or any cryptocurrency directly from Buycoins or via its P2P system, you will pay no transaction fee.
This platform also offers a Naira Token (NGNT). NGNT is a new stable cryptocurrency. Unlike other coins that may change their value in relation to the Naira, NGNT will always have a value equal to the Naira.
11. LocalBitcoins
LocalBitcoins is a decentralized cryptocurrency exchange that facilitates P2P bitcoin sales. Users of LocalBitcoins can list their own buy/sell bitcoin advertisements with the payment option that they prefer.
LocalBitcoins allows users to communicate with prospective buyers and sellers, and confirm all the transaction details before finalizing any trade of crypto.
Thousands of Nigerians use LocalBitcoins for buying and selling Bitcoin. All you have to do to buy bitcoin in Nigeria with LocalBitcoins is browse the platform for bitcoin trade advertisements in your location and pick one with the payment option you prefer. Nigerian bitcoin traders on LocalBitcoins usually prefer bank transfer as their payment option.
LocalBitcoins uses an escrow method of payment to ensure that both buyers and sellers do not get scammed in a transaction. It is also recommended that you look out for a review of the person you want to buy from.
You can buy bitcoin in Nigeria with LocalBitcoins via these payment options: Debit Card Cryptocurrency, Neteller, PayPal Perfect Money, Bank Transfer, SWIFT Western Union.
12. Presmit Wallet
Presmit bitcoin wallet is starting to gain popularity as one of the best bitcoin wallets in Nigeria.
Presmit is a platform for trading, buying and selling digital assets like gift cards, bitcoin, USDT, litecoin, and dogecoin. You can use Naira, bitcoin or USDT for making payments on Presmit.
Once you open a Presmit account, you automatically own a bitcoin wallet. There’s no minimum or maximum amount of bitcoin you can trade using a Presmit bitcoin wallet.
Presmit offers a state of the art bitcoin wallet where you can send, receive and save your BTC.
13. Busha Wallet
Not popular as other crypto wallets we’ve mentioned here, but the Busha wallet is one of the best bitcoin wallets in Nigeria to use.
The Busha wallet is a multi-sig wallet- these are cryptocurrency wallets that require two or more private keys to sign and send a transaction. Multi-sig wallets have been said to be one of the most secure and fail-proof ways to store cryptocurrency.
Busha is designed to make it extremely easy for anyone to get started with selling and buying bitcoin and other cryptocurrencies.
14. Bitnob
Bitnob is a great app to sell and buy bitcoin in Nigeria. You can save in Bitcoin, borrow, earn, send, receive, and pay with Bitcoin in minutes using Bitnob.
Bitnob wallet is built on the lightning network so you can use it to receive bitcoin from anyone. You can use your bitcoins stored in Bitnob to borrow money as well.
Bitnob also offers business tools for any business to accept payments in bitcoin via invoices and payment links. It offers APIs for 3rd party integration, automatic settlements, customer management, and much more.
15. Chipper Cash
Chipper cash is a money app that you can use to sell and buy bitcoins in Nigeria or anywhere in Africa.
With the Chipper cash wallet, you can easily convert your local money to Bitcoin. With this app, you can sell and buy bitcoin Sell 24/7 in just a few taps.
This app also lets you transfer money to other African countries at really low rates. You can also buy stocks in Nigeria with Chippercash as well as a cash-back virtual card in Nigeria.
See: Chipper Cash Nigeria Review
16. Bitmama
Bitmama is a highly-secured and fast-growing app to trade, sell and buy bitcoin in Nigeria. Altcoins like Ethereum, Ripple, Celo and other cryptocurrencies are not left out for Bitmama wallet users.
With Bitmama, you cal sell bitcoin at the best price you can find on the market. This crypto exchange also offers a P2P service to users who want to sell and buy Bitcoin, Ethereum, Tether, cUSD and other cryptos. Their P2p service lets you use your bank account and +10 other payment methods.
17. Bundle Africa
Bundle Africa is becoming a popular app to buy bitcoin in Nigeria. This social payment app lets you buy over 80 cryptocurrencies.
With Bundle Africa, you can send, receive or request cash and other cryptocurrencies for free. This crypto platform also has a feature called Bundle leveraged tokens that help you to save the day even when there is a market dip.
Then there’s the Bundle Vault feature that lets you save and earn interest on your dollar-stable cryptocurrency with no risk involved.
