Purchasing bitcoin in Nigeria might be difficult, especially for newcomers who are unfamiliar with how cryptocurrency works or do not have any stablecoins. The user experience on popular cryptocurrency exchanges like as Binance and Bybit can be intimidating, especially for individuals new to digital assets.
Fortunately, there are apps with far simpler UI that let users to purchase cryptocurrency directly with their Naira bank cards or transfers.
Here are some of the finest apps for buying cryptocurrency with Naira.
Quidax
Quidax is a leading app for buying cryptocurrency in Naira. Buchi Okoro launched this cryptocurrency exchange in 2017, allowing customers to quickly purchase, sell, store, and send cryptocurrencies.
Quidax, which began in Nigeria and Ghana, today employs over 100 people across Europe, the Middle East, and Africa.
Quidax’s diverse product line is one of its most appealing features. Users can use cryptocurrency wallets to store various coins, earn up to 10% daily interest on USD savings, and trade via an over-the-counter (OTC) desk for NFTs, DeFi, and CeFi. Additionally, developers can use Quidax’s API to create their own cryptocurrency apps.
What is the most appealing part? You may buy cryptocurrency with Naira via debit cards or bank transfers, making it extremely accessible. Quidax is also one of two exchanges with Approval in Principle from the Nigerian Securities and Exchange Commission (SEC), providing users with increased confidence and security when trading.
ChangeNow
ChangeNow is another great option for purchasing cryptocurrencies using Naira. ChangeNow, known for its user-friendly interface, is an immediate cryptocurrency exchange platform that allows users to purchase and sell digital assets in local currencies.
ChangeNow is particularly appealing because you may use your credit or debit card to buy Bitcoin and other crypto assets in Naira.
ChangeNow’s reputation speaks for itself, with thousands of excellent ratings on Google and Trustpilot. Users may be confident in the platform’s reliability, as evidenced by over 9,700 reviews on Google and a 4.8/5 rating, as well as more than 10,500 on Trustpilot.
It’s no surprise that ChangeNow outranks several of its local competitors, such as Quidax and Busha, for search terms connected to buying cryptocurrency with Naira.
ChangeNow is a wonderful choice for anyone looking for a reliable, highly rated app to buy Bitcoin or convert cryptocurrency to Naira.
Yellow card
Yellow Card is another good alternative for buying cryptocurrency using your Naira card. This pan-African fintech company operates in 20 countries and has the continent’s largest approved Stablecoin on/off ramp.
Yellow Card provides secure, cost-effective alternatives for businesses and people to buy and trade USDT, USDC, and PYUSD using local currencies.
In Nigeria, individuals can easily purchase crypto assets with Naira via Yellow Card and bank transfers. While the wallet feature is presently limited to Bitcoin, USDT, and PYUSD in Nigeria, the app’s simplicity and dependability make it a viable option for both novice and experienced traders.
Bitmama
If you’re looking for a platform designed exclusively for purchasing cryptocurrency with local currencies, Bitmama is the place to go.
Bitmama enables users to buy and sell Bitcoin securely in Nigeria using Naira, but the platform also runs in over 100 countries and supports a variety of currencies such as USD, GHS, ZAR, EUR, and GBP.
Bitmama makes it simple to buy crypto straight with Naira or convert supported fiat currencies to cryptocurrency.
You may also sell Bitcoin on Bitmama and receive the money in Naira, offering you options whether you’re buying or cashing out. Bitmama meets users’ needs for both simplicity and functionality.
Busha
Busha is a top cryptocurrency exchange in Africa, noted for its secure and user-friendly platform. This tool is especially useful for beginners looking for a simple way to buy, sell, and manage digital assets.
One of Busha’s standout features is its objective to simplify cryptocurrency for everyone, making it a go-to for anyone who is overwhelmed by more complex platforms.
Busha’s interface enables users to purchase Bitcoin, Ethereum, USDT, and even Memecoins like Shiba Inu with Naira. What is the best part? You may get started for as little as 250 Naira with their rapid buy service.
This makes Busha an extremely accessible alternative for anyone looking to test the waters without making a large investment up front.
Busha is also notable for being one of the few exchanges with provisional licensing from the Nigerian Securities and Exchange Commission, which ensures compliance and user safety. Busha is an excellent solution for Nigerians looking for a reliable, SEC-regulated platform to acquire cryptocurrency.