Oluwaniyi BadmusMany people in Nigeria are interested in trading cryptocurrencies, but they do not know which is the best p2p crypto exchange for them.
The problem is that there are so many exchanges available, and it becomes difficult to find one that offers a good service with low fees.
This blog post will help you find the best p2p crypto exchange by comparing several of them and telling you which ones offer the most value for your money.
We’ll also go into detail about how they work, so if you want to get started trading cryptocurrencies but don’t know where to start, this article is perfect for you!
We have compiled this list of the 8 best p2p cryptocurrency exchanges to help you decide on where to trade.
1) Local Bitcoins
LocalBitcoins is a peer-to-peer cryptocurrency platform that offers a wide variety of digital currency services including an escrow service and OTC trading.
The site lists all sellers by location with each seller having their own terms and conditions about how trades can be conducted in person or online.
It also has reviews from other traders who have successfully traded with each seller before so you can get a sense of who will be reliable when it comes time to complete your trade.
Buying bitcoin with LocalBitcoins is as simple as making an advertisement and then waiting for a local seller to contact you or conduct the transaction remotely on their website.
2) Remitano
Remitano is a peer-to-peer marketplace for bitcoin buyers and sellers from all over the world to trade with each other.
Remitano is one of the most frequently used peer-to-peer exchanges in Nigeria.
It provides an escrowed P2P platform that connects buyers and sellers so they can negotiate on price.
The company has 1.5M+ customers from more than 30 countries who support Bitcoin (BTC), Litecoin (LTC), Ethereum(ETH), Bitcoin Cash (BCH), Ripple(XRP) Tether USDT).
There are also many security features such as PIN codes that can lock your account so you can’t use it without entering the code, IP bans that stop other people from accessing your account, and two-factor authentication.
The company also provides a bitcoin wallet with which users can store their funds during transactions on Remitano’s website.
3) Flux App Nigeria
Flux is a crypto-based remittance app that lets you send money, receive money, make and accept payments across Africa.
It allows individuals and businesses to send money from anywhere in the world using bitcoin, ethereum, or USDT instantly into Nigeria. Ghana, Kenya, South Africa and Egypt will soon be supported
Through Flux’s innovative SMS technology in the face of poor internet connection or lack thereof, users can pay for basic everyday needs from local merchants as well as international ones like Amazon!
Users are also able to request cash by creating detailed budget lists with their friends and families through sharing them on the app.
4) Binance
Binance is a global cryptocurrency exchange with many different coins, but it’s most famous for its BTC to ETH trading pair.
It has been around since 2017 and accounted for more than $20 billion in trade volume last year alone.
Binance’s peer-to-peer platform is a great way to buy cryptocurrencies like Bitcoins and Ethereum without paying any fees. It also has the convenience of letting you pick your own trading partner, with assets escrowed by Binance for safety.
5) Coindirect
Coindirect is a digital currency exchange that offers an easy way to buy and sell bitcoin. The company supports over 30 coins, including Bitcoin Cash (BCH), Ethereum Classic (ETC) and Ripple XRP).
You can either choose to place your order on its P2P Marketplace where you select from different buying prices or use the Conversion service in which allows users trade one type of cryptocurrency for another.
6) Buycoins.Africa
Buycoins.Africa is a P2P cryptocurrency exchange that offers Nigerians the ability to trade bitcoin and other cryptocurrencies in their own country with Nigerian Naira (NGN).
Buycoin’s Nigeria-based team provides support for software development, customer service, marketing, and sales strategies as well as legal advice on regulation compliance from its headquarters based out of Lagos.
One can make payments via VISA/Master cards or bank transfer at this time but plans are underway to integrate mobile wallets into the platform soon!
7) Paxful
Paxful is an online cryptocurrency exchange where you can use bitcoin and other cryptocurrencies to buy or sell from a vast network of people across the world.
You can also list your own items for sale if you are looking to earn some extra money in addition.
The platform was launched in August 2015.
Paxful will deduct a fee from your Paxful wallet at the beginning of the trade. If it is not successful, you are able to receive bitcoin back into your account with no fees charged
8) OKEx
OKEx is one of the top cryptocurrency exchanges in the world. Launched by Star Xu in 2014.
OKEx offers spot and futures trading for a multitude of cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), EOS Token (EOS) among others.
They offer an array of services including Spot and Futures trading, Perpetual Swap, P2P (peer to peer), etc. On its P2P platform, Nigerian users can buy BTC, ETH, or USDT for NGN via the bank Transfer payment option without paying any fees imposed by the exchange’s interface; you only purchase at the price fixed by your chosen seller within this feature.
OKEx provides comprehensive digital assets transactions as well as other innovative financial service products such as spot trade futures contracts on bitcoin with over 1000+ coins available per pair!
One of the best ways to make money in Nigeria is through a cryptocurrency exchange is by trading your Cryptos on P2P exchange sites.
It’s a good time for new investors and traders because the price of Bitcoin has been going up, so it’s better than any other currency or investment out there.
Conclusion
In conclusion, the best p2p crypto exchanges in Nigeria are not just a few. They vary from one to another and it is up to you what exchange works for your needs.
So this article has given you 8 of the top platforms that have been tested and ranked by their reliability as well as security features among other considerations.
The only thing left now is for you to choose which platform suits your trading needs better so go ahead and start exploring!
James steller
mitrobe
Mitrobe Staff