Frankly, there is an imposing pool of crypto brokers from which any Nigerian trader can select which is best for their trading needs.
Whether you’re looking for CFD trading platforms or willing to do long and short trades, chances are that you’ll find one, two or more cryptocurrency brokers that will serve just your need.
To help you in that regard, we have come up with a well-researched list of the top 10 cryptocurrency brokers in Nigeria.
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Although a relatively new crypto broker, PrimeXBT is a vibrant trading platform with a good deal of features including notable Forex pairs, a broad array of cryptocurrencies, CFDs, commodities and indexes.
PrimeXBT doesn’t follow the trading condition wherein the trading platform receives Bitcoin from intending sellers and sells to buyers. Under this trading condition, the sellers get Fiat money in return for the sold Bitcoin.
Instead of adopting the preceding trading condition, PrimeXBT considerably adopts a price betting system whereby traders make profit by placing bets on rising and falling prices.
Visit PrimeXBT today to start using their services here
This Bitcoin trading platform was developed by the trio of Ben Delo, Samuel Reed and Arthur Hayes. Being one of the world’s biggest trading platforms, BitMEX has garnered lots of popularity.
By March 2020, BitMEX had pegged as high as $8.16 billion in trading volume. This was a significant increase from the broker’s trading volume of more than 1million BTC around 2018.
BitMEX maintains a great footing among the best crypto brokers in Nigeria. Some of the reasons for BitMEX’s enviable footing are great customer support, high-grade security, high leverage and compatibility with several major cryptocurrencies.
Visit BitMEX here
PrimeBit is another relatively young cryptocurrency broker. Launched in 2019, PrimeBit is a platform which makes it convenient for crypto traders to exchange perpetual swap contracts for both Bitcoin and altcoins (such as Litecoin and Ether).
Despite being relatively new in the market, PrimeBit competes fairly with the big players by courtesy of its excellent features including a powerful trading engine, a free demo account, 200x leverage, compatibility with MetaTrader5 and absence of KYC.
Visit PrimeBit today here
Binance is not only acclaimed as a top-ranking crypto trading platform but also as one of the “real” trading platforms in the market. By “real”, it is meant that Binance allows traders to not only deal in cryptocurrency CFDs but also buy/sell underlying assets. Impressively, Binance has long remained one of the world’s 5 best crypto exchanges in terms of trading volume.
Binance is an excellent crypto broker for several reasons ranging from an affordable trading fee (0.1%) to versatile coin support. In fact, the trading fee on Binance can go as low as 0.05% provided that payment is made with BNB. As for coin support, Binance is compatible with over 200 cryptocurrencies.
Visit Binance today here
FTX is a crypto trading platform established through the efforts of Gary Wang and Sam Bankman-Fried. Despite being a new player in the crypto market, FTX happens to have garnered significant waves as a result of its various attractive features.
Besides providing a number of unique features, FTX guarantees the following benefits:
- Zero deposit/withdrawal fees
- An imposing number of trading products
- Excellent security layers
- Compatibility with anonymous trading
- Low trading fees
- 101x leverage
While FTX tends to guarantee an excellent trading experience, it suffices that the broker’s trading efficiency may be attributed to the huge trading experience of its founders.
Visit FTX Today by clicking here
This trading platform boasts a decent number of strengths ranging from its impressive leverage level down to its user-friendly interface. Although BitSeven’s strengths far outweigh its weaknesses, the crypto broker might be considered (by certain experts) as substandard due to such weaknesses as lack of regulation, absence of mobile application and failure to support fiat money deposits.
If you’d still pick BitSeven for your crypto brokerage, you could look forward to benefits including absence of deposit fees, assurance of fair trading fees, and a great leverage level.
Visit Bitseven Today by clicking here
Bybit is one of the relatively new players in the crypto market. By and large, it is a crypto broker under the ownership and control of Bybit Fintech Limited. One of the perks which attract traders to Bybit is the platform’s blazing fast performance. The broker itself proclaims the exceptional ability of executing as many as 100,000 transactions within a second.
Beyond high-grade performance, Bybit is admired for several other excellent features including a bonus offer (in the tune of $60), advanced orders, support of anonymity and assurance of high leverage.
Visit Bybit today here
Kucoin currently holds a user base with more than 5 million users across the globe. It’s quite interesting that Kucoin, which was launched in 2017, has amassed millions of users within its first four years of operation.
Founded by Johnny Lyu, Kucoin is available to crypto traders in many countries of the world. The trading platform supports as many as 192 currencies, hence giving various traders the likelihood of trading in their favourite coins.
Visit Kucoin Today by clicking here
This crypto trading platform is operated by a Hong-Kong-based company known as Bitfinex Limited. While Bitfinex is widely used by crypto traders, versatile coin support constitutes its strengths. Currently, Bitfinex supports several major cryptocurrencies (Monero, Dash, Ethereum, etc.) and over 150 other cryptocurrencies.
While Bitfinex is a suitable crypto broker for Nigerian traders, the strengths of its trading platform include multiple payment options, an unrestricted withdrawal limit, high leverage, possibility of anonymity and availability of an in-house mobile app.
Visit Bitfinex today by clicking here
BitMAX is somewhat distinct from the other crypto brokers in this post considering that it comes with two domains with one (btmx.com) being its Chinese variant. The other of the two domains is bitmax.io.
Like several other crypto brokers in this post, BitMAX is a new platform launched in 2018. The development of the crypto broker came through the efforts of Dr George Cao and Airel Ling.
BitMAX is evidently a wave-making broker whose remarkable performance in the crypto market is attributable to several features including high liquidity, efficient customer support, availability of numerous altcoins, compatibility with altcoin margin trading, etc.
To visit Bitmex today and patronize them immediately, kindly click here
We strongly believe that you’ll find some or all of the discussed crypto brokers helpful for your trading needs. Interestingly, Nigerian crypto traders are allowed to trade on all of the 10 trading platforms discussed so far.