8 Trading Platforms to Buy & Sell Bitcoin Safely in Nigeria

With over 25 million cryptocurrency users in Nigeria and counting, choosing the right Bitcoin trading platform is crucial for secure and profitable transactions. From low fees to instant transactions and strong security, the best platforms offer a seamless experience for both beginners and seasoned traders. However, with frequent scams and regulatory uncertainties, it’s essential to pick a trusted exchange.

This guide reveals 8 of the best Bitcoin platforms in Nigeria, detailing their features, fees, security measures, and user experience to help you trade with confidence. Whether you’re looking for an OTC exchange with no P2P risks, a platform with real-time rates, or one that supports multiple payment methods, you’ll find the right option here. 

Let’s dive in!

1. Breet

Breet stands out as one of the most secure and efficient cryptocurrency trading platforms in Nigeria. Unlike traditional peer-to-peer exchanges, Breet operates on an Over-the-Counter (OTC) exchange system, eliminating risks associated with P2P scams and fraud. This means users can trade directly with the platform without third-party interference.

Additionally, Breet offers an automatic crypto-to-cash conversion feature, allowing businesses and individuals to receive crypto payments that instantly convert to Naira. With its zero transaction fees, fast settlements, and availability across both mobile and web platforms, Breet is a top choice for seamless crypto trading.

It also integrates an automatic withdrawal feature, ensuring funds are deposited directly into users’ bank accounts without manual intervention. Given Nigeria’s increasing adoption of crypto, Breet’s security-first approach makes it an invaluable trading platform.

2. Luno

Luno has long been a pioneer in the Nigerian Bitcoin trading scene, having established itself since 2013. Known for its user-friendly interface, Luno supports a wide range of cryptocurrencies, making it an ideal choice for both beginners and experienced traders looking to diversify their portfolios. 

One of Luno’s standout features is its high liquidity, which ensures smooth transactions and price stability. The platform also offers educational resources, helping new traders navigate the complexities of crypto investment. With robust security measures, including multi-factor authentication and cold storage, Luno remains one of the most trusted Bitcoin exchanges in Nigeria. 

Furthermore, its mobile application enjoys high ratings due to its intuitive design, making trading on the go easier than ever.

3. Quidax

Quidax is another excellent Nigerian crypto exchange that has gained widespread popularity. A significant highlight of Quidax is its strong partnerships within the Nigerian fintech industry, including collaborations with major financial influencers like Don Jazzy. The platform provides access to a wide range of digital assets, allowing users to trade beyond just Bitcoin. Quidax is known for its advanced security protocols and seamless fiat-to-crypto conversion.

 However, transaction speeds may sometimes lag due to blockchain confirmations, making it less ideal for those needing ultra-fast trades. On the positive side, Quidax’s customer support is highly responsive, ensuring traders have a reliable support system. 

Luna also offers an intuitive mobile experience with real-time trading updates, providing Nigerian traders with crucial market insights.

4. Roqqu

Roqqu has carved a niche for itself in the Nigerian crypto space with its real-time price alert system, helping traders make informed investment decisions. The platform ensures a seamless trading experience, allowing users to trade and withdraw funds quickly. 

However, one drawback is that withdrawals are limited during evening hours, indicating a possible lack of 24/7 customer support. Despite this, Roqqu remains a reliable platform with a straightforward KYC verification process and a low transaction fee structure, making it accessible for both beginners and experienced traders. 

Additionally, the platform supports multiple payment methods, including bank transfers and card payments, offering users flexible options when funding their accounts.

5. Binance

As the world’s largest cryptocurrency exchange, Binance naturally ranks among the top choices for Nigerian traders. Binance offers a comprehensive range of cryptocurrencies and advanced trading tools, making it a favorite among professional traders. However, the platform can be overwhelming for beginners due to its complex interface. 

The high liquidity levels on Binance ensure quick and efficient trade execution, while its P2P trading feature allows users to buy and sell crypto using local payment methods. Although Binance charges trading fees of 0.1%, which can add up over time, experienced traders can offset costs using Binance’s native token (BNB). 

With 24/7 customer support, advanced security protocols, and deep liquidity, Binance is a powerhouse for serious Nigerian crypto traders.

6. Busha

Busha is a fast-growing crypto platform that offers a simple yet effective trading experience. While it lacks the advanced features of Binance, it compensates with an intuitive design and a quick transaction process. Busha provides users with essential trading tools and strong security measures, ensuring funds remain safe.

Additionally, its customer support team is highly rated for responsiveness. Busha supports instant buy and sell features, making it an excellent choice for those who prefer a hassle-free trading experience. Though it may not have the most extensive crypto selection, its low fees and reliable transaction speeds make it a solid platform for Nigerian traders looking for simplicity and security.

7. Bundle

Bundle is a well-designed crypto platform that caters to Nigerians who want to save and invest in Bitcoin long-term. Unlike typical exchanges that focus primarily on active trading, Bundle allows users to store cryptocurrencies and benefit from gradual price appreciation. The platform’s user-friendly design makes it particularly attractive to newcomers, while its real-time asset tracking ensures users stay updated on market trends. 

Another key feature of Bundle is its social finance integration, enabling users to send and receive crypto with ease. While it may not have the most advanced trading features, Bundle serves as an ideal platform for passive investors looking to grow their crypto portfolio over time.

8. Yellow Card

Yellow Card is one of the few platforms that supports multiple African currencies, making it a preferred choice for those trading across borders. The platform allows users to buy and sell Bitcoin with local payment methods, providing convenience for Nigerian traders. While it doesn’t offer the most extensive cryptocurrency selection, its low fees and simple interface make it an excellent option for beginners.

Additionally, Yellow Card has implemented strong regulatory compliance measures, ensuring users’ funds are well-protected. The platform’s presence in multiple African countries enhances its usability, making it a practical choice for those engaged in regional trading.

Comparison Table for Top 8 Bitcoin Platforms in Nigeria

How to Trade Bitcoin Using Breet (Quick Guide)

1. Download & Sign Up – Get the Breet app, sign up, and complete verification.
2. Generate BTC Wallet – Select “Sell Crypto”, choose Bitcoin (BTC), and get your unique wallet address.
3. Send Bitcoin – Transfer BTC from your external wallet (Binance, Trust Wallet, etc.) to your Breet address.
4. Automatic Conversion – Breet instantly converts Bitcoin to Naira at market rates.
5. Withdraw to Bank – Withdraw your Naira earnings instantly to your Nigerian bank account, with zero fees.

Frequently Asked Questions (FAQs)

1. Is Bitcoin trading legal in Nigeria?
   Yes, Bitcoin trading is legal in Nigeria, but financial institutions are restricted from facilitating cryptocurrency transactions. Users rely on P2P trading and OTC platforms like Breet.
2. What is the best Bitcoin platform for beginners in Nigeria?
   Breet, Luno, and Bundle are beginner-friendly platforms with simple interfaces and easy deposit/withdrawal options.
3. Which platform has the lowest fees for Bitcoin trading?
   Breet offers zero transaction fees, making it the most cost-effective option. Binance has the lowest trading fees at 0.1% for high-volume traders.
4. Can I withdraw Bitcoin directly to my Nigerian bank account?
   Yes, Breet allows direct withdrawal of converted BTC to your Nigerian bank account instantly. Other platforms may require manual cashout via P2P.
5. How long does it take to sell Bitcoin on Breet?
   Breet transactions are instant once blockchain confirmation is complete (usually 5-30 minutes). Withdrawals to bank accounts are also processed immediately.