The demand for Bitcoin in Nigeria continues to surge as more individuals seek financial freedom, protection against inflation, and access to global markets. With over 8 years of experience in cryptocurrency trading, I’ve evaluated more than 80 platforms to bring you the 10 best exchanges to buy Bitcoin in Nigeria—ranked based on security, user experience, transaction speed, supported payment methods, and reputation among local traders.
Whether you're a beginner or an experienced trader, this guide will help you choose the right platform and understand how to safely acquire Bitcoin.
The 10 Best Bitcoin Exchanges in Nigeria
Here’s a curated list of the most trusted and efficient platforms Nigerians use to buy BTC today:
- Bybit
- NoOnes
- Bitget
- KuCoin
- Gate.io
- Binance
- Huobi
- Remitano
- SimpleSwap
- MEXC
Let’s explore each platform in detail.
1. Bybit
Founded in 2018 by Ben Zhou, Bybit has evolved into a full-service crypto exchange offering spot trading, futures, copy trading, staking, and launchpad opportunities. It supports over 150 cryptocurrencies, including Bitcoin.
Nigerian users can sign up easily and verify their identity using only their BVN (Bank Verification Number)—a major convenience compared to other platforms requiring extensive documentation. Deposits are made seamlessly via P2P trading with Naira.
👉 Discover how fast and secure your first Bitcoin purchase can be on a top-tier exchange.
With strong liquidity and low fees, Bybit is ideal for active traders who want advanced tools without sacrificing accessibility.
2. NoOnes
NoOnes stands out as a trusted peer-to-peer (P2P) platform where users can buy or sell Bitcoin, USDT, and USDC with minimal friction. One of its biggest advantages is support for 500+ payment methods, including bank transfers and even gift cards.
This makes it especially useful for Nigerians looking to convert unused gift cards into Bitcoin at competitive rates. Unlike many platforms, NoOnes does not require ID verification, enhancing privacy and ease of access.
Traders connect directly with verified merchants, ensuring safer transactions through an escrow system that protects both parties.
3. Bitget
Launched in 2018 by Sandra Lou, Bitget offers a comprehensive suite of services: spot and futures trading, margin trading, fiat on-ramps, P2P purchases, and passive income options like savings plans.
A standout feature is copy trading, which allows beginners to mirror the strategies of expert traders—ideal for those new to the crypto space. Users must complete KYC verification using a valid ID to unlock full functionality.
Bitget’s interface is intuitive, and its strong presence in emerging markets makes it a reliable choice for Nigerian investors.
4. KuCoin
Originally launched in Hong Kong in 2017 under CEO Johny Lyu, KuCoin supports over 600 cryptocurrencies and offers multiple trading formats: spot, margin, futures, and P2P.
Its wide asset selection appeals to users interested in diversifying beyond Bitcoin. Nigerians can create accounts quickly and begin trading after completing verification.
KuCoin also runs regular promotions and rewards programs, adding value for long-term users.
5. Gate.io
Established in 2013 by Han Lin, Gate.io is one of the oldest and most established exchanges globally, supporting over 1,400 digital assets.
It offers spot trading, futures, P2P transactions, and “Earn” products that allow users to generate passive income through staking or participation in platform contests.
While KYC is required for maximum benefits, Gate.io provides excellent liquidity and tight spreads—making it a top pick for serious traders.
6. Binance
As the world’s largest crypto exchange by trading volume, Binance needs little introduction. Founded by Changpeng Zhao in 2017, it hosts over 350 tradable coins and offers direct Naira-to-Bitcoin purchases via its P2P marketplace.
Transactions are fast, user support is robust, and the mobile app is highly intuitive—perfect for first-time buyers. Binance’s widespread adoption in Nigeria speaks volumes about its reliability and performance.
7. Huobi
Launched in 2013 and headquartered in Seychelles, Huobi remains a key player in the global crypto ecosystem. It enables users to trade a broad range of assets and participate in promotional campaigns like airdrops and login rewards.
Its P2P feature allows easy Naira deposits, making it accessible for local traders. Account creation and identity verification are mandatory but straightforward.
8. Remitano
Remitano is one of Nigeria’s most popular P2P exchanges, boasting over 1.5 million users and more than $500 million in completed trades.
In addition to Bitcoin, it supports Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), XRP, USDT, and several other major coins through its Invest and Swap services.
With low transaction fees and a simple interface, Remitano is beginner-friendly while still offering depth for experienced traders.
9. SimpleSwap
Based in the Asia-Pacific region and founded in 2018, SimpleSwap operates as a non-custodial instant exchange aggregator. This means users retain full control of their funds and no KYC is required.
It scans multiple exchanges to find the best swap rates across nearly all major cryptocurrencies—even newly listed tokens. A built-in loyalty program offers cashback on every trade, making it attractive for frequent traders.
👉 See how effortless it is to swap fiat for crypto without lengthy sign-ups.
10. MEXC
Since its launch in 2018, MEXC has climbed into the top 10 exchanges on CoinMarketCap due to its robust infrastructure and diverse offerings: spot, margin, futures, and earn services across 800+ trading pairs.
Managed by finance and blockchain veterans, MEXC caters to both beginners and experts with a clean UI and strong customer support.
How to Buy Bitcoin in Nigeria: A Step-by-Step Guide
Buying Bitcoin doesn’t have to be complicated. Here’s a simple process:
- Choose a reputable exchange like Gate.io or Binance.
- Create an account and complete identity verification if required.
- Deposit Naira using bank transfer or P2P.
- Navigate to the BTC/NGN or BTC/USDT market.
- Place your order—either market or limit—and confirm.
- Store your Bitcoin securely, preferably in a private wallet.
For fastest results, use platforms with deep P2P liquidity such as Binance or NoOnes.
Types of Bitcoin Exchanges: Pros and Cons
Understanding exchange types helps you make smarter decisions:
Broker OTC (Over-the-Counter)
Direct transactions between user and company.
✅ Pros: High trust factor, regulated operations
❌ Cons: Vulnerable to government freezes; slower processing
Peer-to-Peer (P2P)
Connects buyers and sellers directly using escrow protection.
✅ Pros: Resistant to shutdowns; operates 24/7
❌ Cons: Risk of fraud if users confirm payments prematurely
Trading Platforms
Support real-time trading of crypto pairs (e.g., BTC/NGN).
✅ Pros: Instant execution; advanced tools and charts
❌ Cons: Withdrawals often require OTC; centralized = hacking risk
Many platforms combine these models—offering flexibility based on your needs.
Frequently Asked Questions (FAQs)
Q: Is it legal to buy Bitcoin in Nigeria?
A: Yes. While the Central Bank of Nigeria (CBN) discourages banks from facilitating crypto transactions, owning and trading Bitcoin is not illegal for individuals.
Q: Which payment methods work best for buying BTC in Nigeria?
A: Bank transfers via P2P are most common. Some platforms accept gift cards or mobile money alternatives.
Q: Do I need to verify my ID to buy Bitcoin?
A: It depends on the platform. Brokers typically require KYC; non-custodial services like SimpleSwap do not.
Q: Can I buy fractional Bitcoin?
A: Absolutely. You can purchase as little as ₦100 worth of BTC on most platforms.
Q: Where should I store my Bitcoin after purchase?
A: For security, transfer your coins to a private wallet—either hardware (like Ledger) or software (like Trust Wallet).
👉 Learn how top traders keep their crypto safe while maximizing returns.
Final Verdict: Which Exchange Is Best?
There’s no single “best” exchange—the right choice depends on your goals:
- Need speed and advanced tools? Try Bybit, Gate.io, or Binance.
- Want privacy and no KYC? Go with SimpleSwap or NoOnes.
- Looking for stability and high-volume trading? Consider Remitano or KuCoin.
All platforms listed here are actively used by Nigerian traders and have proven track records of reliability.
Now that you know where and how to buy Bitcoin safely—take action. Start small, learn the ropes, and grow your portfolio wisely.
Remember: Always double-check transaction details, never share private keys, and prioritize security over convenience.