Top 15 Companies That Buy Cryptocurrencies in Nigeria | TransferXO 2024 List

The growing popularity of cryptocurrency has elevated it to the status of a major financial asset that is the topic of great curiosity and speculation in Nigeria.

The faltering economy and naira have made crypto holdings a must as a hedge against inflation. This has resulted in Nigeria, with its 200+ million citizens, becoming Africa’s largest Bitcoin market.

It used to be difficult to buy cryptocurrency in Nigeria just a few years ago, but that has changed in recent years. There are currently a plethora of companies that buy cryptocurrency in Nigeria, with some having a native presence.

Despite the increased interest, crypto adoption has not yet reached the mainstream in the country, and many African individuals are unaware of where to purchase cryptocurrency. 

This blog post introduces an in-depth exploration into the domain of companies that buy cryptocurrencies in Nigeria, as featured in TransferXO‘s 2024 list.

Be prepared to gain profound insights into the market leaders of cryptocurrency trading in the rapidly developing digital finance landscape of Nigeria.

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Buy Cryptocurrency on TransferXO

Overview of Cryptocurrency Trading in Nigeria

Cryptocurrency trading in Nigeria has grown exponentially in recent years due to various factors such as economic instability and a high inflation rate. Many Nigerians are turning to digital currencies like Bitcoin as a safe and lucrative investment opportunity. 

Several cryptocurrency exchanges operate in the country, providing a platform for Nigerians to trade digital currencies conveniently. Additionally, Nigerian youths are using cryptocurrencies for cross-border transactions, mainly due to restrictions imposed on foreign transactions by Nigerian banks. 

However, this boom in crypto trading also poses a risk as the government currently lacks a proper regulatory framework for cryptocurrency, raising concerns over potential misuse and scams. Hence, users need to be extra cautious while dealing with digital currencies.

For the best trading experience, you can read the 15 Best VPN For Crypto Trading | A Guide to the Best VPN Services

Importance of Companies that Buy Cryptocurrency in Nigeria 

Cryptocurrency, the decentralized form of currency, has quickly established its significance in the world’s financial system, and Nigeria is not left out.

A rising number of companies in Nigeria are realizing the potential of cryptocurrencies and incorporating them into their operations, fostering an entirely new digital ecosystem. To facilitate these transitions, cryptocurrency exchange platforms have a critical role to play.

Cryptocurrency exchanges act as intermediaries, allowing people to buy and sell digital currencies such as Bitcoin, Ethereum, and more. In Nigeria, these exchanges offer a myriad of advantages that transcend beyond financial borders. 

Here are several ways these platforms contribute significantly:

Enabling Digital Transactions

Cryptocurrency exchanges enable digital transactions, giving companies a competitive advantage.

As cryptocurrencies like Bitcoin continue to gain acceptance globally, companies buying these digital assets can cater to customers globally without any hindrances related to traditional fiat currency exchanges.

Promoting Financial Inclusion

Many Nigerians lack access to conventional banking facilities. Herein lies an opportunity for cryptocurrency exchanges as they could provide access to financial services even for those unbanked or underbanked.

People can open digital wallets and begin trading or transacting, encouraging financial inclusion.

Offering Secure Transactions

Another advantage of using cryptocurrency exchanges is the assurance of secure transactions. Because of the underlying blockchain technology, each transaction is encrypted and decentralized, making it hard for hackers to tamper with it. 

Hedging against Inflation

Cryptocurrencies could also act as a hedge against the local currency’s inflation. For instance, the Nigerian Naira has experienced continuous depreciation.

Owning digital assets such as Bitcoin could potentially save businesses from losing the value of their holdings due to inflation.

Creating Investment Opportunities

For Nigerians, cryptocurrencies present a chance for a high-return investment opportunity. Companies buying digital currencies can potentially see substantial profits in a relatively short period.

Cryptocurrency exchanges facilitate this investment process by making the buying, selling, and storing of digital currencies more accessible and more straightforward.

You can great through 10 Best Crypto Day Trading Strategies in 2024 for a better trading 

Top 15 Companies that Buy Cryptocurrency in Nigeria 

In Nigeria, cryptocurrencies such as Bitcoin, Ethereum, and Litecoin have become increasingly popular due to their potential for generating high returns.

Consequently, several Nigerian companies have started to invest in these digital assets, viewing them as an effective means to safeguard their wealth amidst economic uncertainties. 

Here are the top 15 companies that buy cryptocurrencies in Nigeria:

1. TransferXO

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TransferXO  is a peer-to-peer (P2P) marketplace for digital currencies that is easy to use, adaptable, and has robust financially and legally backed escrow services for crypto enthusiasts and specialists who need to buy cryptocurrencies. TransferXO, unlike other P2P crypto platforms, allows for cross-border exchanges and bill payments.

The platform’s minimal costs, emphasis on financial knowledge, and user-friendly design help to make Bitcoin trading accessible to all Nigerians.

The user-centric approach of TransferXO has been deliberately crafted to cater to both newbies and seasoned traders. It provides real-time transaction tracking, ensuring transparency at all stages of the cryptocurrency trading experience.

Furthermore, TransferXO maintains a clear pricing structure, providing traders with a complete awareness of the expenses associated with their transactions and building customer trust.


  • Only works with institutional and high-net-worth clientele.
  • Can borrow against staked assets using funds.
  • Market-making services are provided for new projects and coin launches.


  • Complex institutional instruments that the average trader may be unfamiliar with
  • Focuses on institutions that are new to cryptocurrency rather than existing cryptocurrency traders.
  • Being new to the market,

If you need to compare more with TransferXO, read – TransferXO vs Binance: Is TransferXO Better Than Binance?

2. Quidax

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Quidax is a prominent cryptocurrency exchange in Nigeria that allows users to buy, sell, and store a wide range of digital currencies such as Bitcoin, Ethereum, Ripple, and Litecoin. With a user-friendly interface, it facilitates easy trading for both beginners and experienced investors. 

Quidax also prioritizes user security with multi-layered encryption. Users have the option to conduct transactions instantly through bank transfers or cards, while customer support is available round the clock for any queries or assistance. 

Besides this, the platform allows easy withdrawal and deposit of fiat currencies, proving to be a seamless medium for the transition between traditional and digital economies.


  • User-friendly interface, great for beginners.
  • 24/7 customer service for prompt response.
  • Access to a wide range of cryptocurrencies. 


  • No provision for buying with a credit card.
  • May experience downtime due to system upgrades.
  • Customer service response time could be improved.

If you need to compare more with Quidax, read TransferXO vs Quidax: Is TransferXO Better Than Quidax?

3. Patricia

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Patricia is a pioneering Nigerian blockchain company that provides innovative solutions in the digital currency space. They offer a secure, fast, and easy platform for buying and selling cryptocurrencies like Bitcoin, Ethereum, Tron, and others. 

Additionally, Patricia also offers the unique feature of gift card trading, where users can trade major international gift cards for cash or Bitcoin. With a strong focus on security, Patricia uses 2-factor Authentication (2FA), cold storage, and SSL technology to protect user transactions. 

Its simple user interface along with robust customer support services, ensures a smooth trading experience. Patricia’s efforts are geared towards simplifying the use and acceptance of cryptocurrencies in Africa.


  • A wide variety of financial services are available.
  • Support for multiple payment methods.
  • Security of transactions is assured.


  • Slow customer service response time.
  • Lengthy verification process for account setup.
  • High fees for some transactions.

4. BuyCoins Africa

BuyCoins Africa is a Nigeria-based cryptocurrency exchange platform that has transformed the way Nigerians invest and trade cryptocurrencies. The platform accepts prominent cryptocurrencies such as Bitcoin, Ethereum, and Litecoin. 

It also offers a Peer-to-Peer transaction model, allowing users to sell or buy directly from other users. One key feature that differentiates BuyCoins Africa from other exchanges is its ease of use. 

Transactions are seamless and instant, with a user-friendly interface that simplifies the trading process. It also offers impressive security features that guarantee the safety of its users’ assets, as well as responsive customer service. 


  • Immediate processing of transactions.
  • No transaction fees.
  • Secure storage of cryptocurrencies.


  • Limited selection of cryptocurrencies.
  • Requires identity verification, which some users may find invasive.
  • Lacks advanced features for seasoned traders.

5. YellowCard 

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Yellowcard is another popular cryptocurrency exchange in Nigeria, known for providing secure and accessible cryptocurrency trading solutions. The platform supports trading in multiple cryptocurrencies, including Bitcoin and Ethereum. 

Its unique selling proposition lies in its innovative integration with local financial systems, allowing users to fund their accounts with Naira through various options including bank transfer and cash deposit. This makes the platform convenient for new and experienced traders. 

YellowCard also focuses on security, ensuring user assets are protected through encryption and cold storage. In addition, the platform provides top-notch customer support to guide users and solve any issues quickly and efficiently.


  • Supports a wide variety of cryptocurrencies.
  • Offers 24/7 customer support.
  • Safe and reliable security measures.


  • Transactions are subject to fees.
  • Not available in all states in Nigeria.
  • Lacks an advanced trading platform for experienced traders.

If you need to compare more with Yellow Card, read TransferXO vs Yellow Card: Is TransferXO Better Than Yellow Card?

6. Luno

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Luno is a leading global cryptocurrency company that facilitates the buying, selling, and storage of Bitcoin, Ethereum, Bitcoin Cash, and Litecoin in Nigeria.

Its feature-rich platform ensures safe, simple, and convenient crypto transactions, supporting both desktop and mobile users. 

Notably, Luno provides an integrated digital wallet, ensuring easy accessibility and secure storage for your cryptocurrency.

The platform features Instant Buy, which allows quick crypto purchases with your local currency, and Price Locking for fixing a specific purchase rate in volatile markets. Its Instant Send feature also ensures instantaneous transactions between Luno users. 


  • Luno has a user-friendly interface that’s suitable for beginners.
  • It has a high level of security, reducing the risks of hacking.
  • Provides educational materials for new crypto traders.


  • The range of available cryptocurrencies is somewhat limited compared to other platforms.
  • Their customer service can be slow to respond at times.
  • Transaction fees can be high compared to some other exchanges.

If you need to compare more with Luno, read TransferXO vs Luno: Is TransferXO Better Than Luno?

7. Paxful


Paxful is a renowned peer-to-peer cryptocurrency exchange that enables users to buy and sell cryptocurrency securely in Nigeria. Offering over 300 different payment methods, including gift cards, cash deposits, and online transfers, Paxful offers unparalleled flexibility for its users. 

Users are provided with a free wallet to safely store their Bitcoin and can easily monitor their balance and transaction history. Paxful is recognized for its 24/7 customer service, providing aid and security measures around the clock. 

Moreover, the platform offers a successful affiliate program, granting bonuses to users who bring in new customers. All of these features are accessible through their easy-to-use platform and mobile application.


  • Paxful offers a variety of payment options making it flexible for users.
  • Its escrow system ensures a secure trading environment.
  • It provides a feedback and rating system promoting a healthy trading community.


  • The transaction fee structure can be complex and sometimes expensive.
  • Limited to only Bitcoin transactions.
  • Its customer support might not always be up to speed in handling issues.

Don’t Fail to Read: Top 10 PAXFUL Alternatives For Selling Bitcoin in Nigeria

8. Binance

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Binance is a renowned cryptocurrency exchange globally, which also has a significant presence in Nigeria.

With a comprehensive array of cryptocurrency options including Bitcoin, Ethereum, Binance Coin, and thousands of other coins, Binance offers Nigerians the opportunity to buy, sell, and trade a broad variety of digital currencies. 

This platform offers robust security measures, multi-platform capability, and a reliable system backed by blockchain technology. 

Users can seamlessly trade cryptocurrencies 24/7 and enjoy services like futures trading, margin trading, and spot trading. Binance is reputed for its lower fees and impressive transaction speed, ensuring customer satisfaction and confidence.


  • Offers an advanced platform with multiple trading options.
  • Accepts deposits in Nigerian Naira.
  • Offers a large number of cryptocurrency options for trading.


  • Can be complex for beginners.
  • Withdrawal may take time.
  • Users may need to navigate certain legal issues in their respective countries.

You Should Also Read: Top 10 Binance Alternatives For Selling Bitcoin in Nigeria

9. NairaEx

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NairaEx is a Nigeria-based cryptocurrency exchange that enables users to purchase and sell cryptocurrencies with Nigerian Naira. The platform stands out with its easy-to-use interface that accommodates both new and experienced traders. 

They primarily offer transactions in Bitcoin but also extend to other cryptocurrencies like Ethereum and Litecoin. The company assures user security, instant transactions, and efficient customer service. A unique feature of NairaEx is the provision of a Bitcoin wallet service to its users, enabling them to store, receive, and send Bitcoins with ease. 

NairaEx emphasizes transparency and affordability with competitive prices and no hidden charges, thus appealing to Nigerian cryptocurrency traders.


  • Fast transaction processing.
  • Offers customer support via several mediums.
  • Easy to use interface even for beginners.


  • Offers a limited number of cryptocurrencies.
  • There have been complaints about delays in transactions.
  • Customer service response times can be delayed at times.

If you need to compare more with NairaEx, read TransferXO vs NairaEx: Is TransferXO Better Than NairaEx?

10. Bundle Africa

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Bundle Africa is a Nigerian-based cryptocurrency trading platform that aims to improve the way Nigerians trade digital assets. Bundle offers its users the opportunity to buy, sell, and store multiple types of cryptocurrencies including Bitcoin, Ethereum, and Binance coin. 

The platform also offers digital payment services where users can pay bills, make purchases, and transfer money across the world. With an emphasis on user security and convenience, Bundle Africa provides seamless and hassle-free cryptocurrency transactions. 

Additionally, its sleek, user-friendly interface, together with a robust customer service platform, makes Bundle Africa an ideal option for both new and experienced cryptocurrency traders.


  • Zero fees on cryptocurrency deposits.
  • Effective customer support system.
  • Provides a smooth withdrawal process.


  • Lack of physical presence.
  • Potential risk of digital threats.
  • May have occasional system downtimes.

11. Remitano

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Remitano is another cryptocurrency trading platform in Nigeria offering a peer-to-peer trading experience. Remitano’s unique feature is its escrow service which enhances transaction safety. 

In this service, the seller’s cryptocurrency is held by Remitano until the buyer has transferred the agreed amount. It allows the buying and selling of Bitcoin, Ethereum, Litecoin, Bitcoin Cash, and other cryptocurrencies. One of Remitano’s significant features is its simple, user-friendly interface that offers an easy and seamless user experience. 

Apart from trading, it also offers other services such as a wallet and a swap option where you can easily swap one type of cryptocurrency for another. Remitano also prides itself on providing 24/7 customer service support.


  • Swift and secured transaction process.
  • Reduces the risk of fraud through an effective escrow service.
  • User-friendly interface.


  • The withdrawal process can sometimes be time-consuming.
  • Fluctuating prices due to market dynamics.
  • Might experience some delay in customer response.

If you need to compare more with Remitano, read TransferXO vs Remitano: Is TransferXO Better Than Remitano?

8. NairaEx

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NairaEx is a Bitcoin exchange platform that was established in 2015 in Nigeria, making it a highly regarded local alternative to Binance. What sets NairaEx apart is its simplicity, robust security features, and exceptional user experience. 

With NairaEx, you can buy and sell Bitcoin in Nigeria in just a matter of minutes thanks to their efficient transaction processing times. Furthermore, this platform uses Nigerian Naira directly, offering convenience for users who don’t wish to deal with conversion rates. 

Also, NairaEx doesn’t impose unnecessary limits, giving the user flexibility in terms of the number of trades and the volume of transactions. With a customer-centric approach, their support team is available 24/7 to ensure your trading activities go smoothly.


  • Allows direct transactions in Nigerian Naira.
  • One of the oldest and most trusted exchanges in Nigeria.
  • Quick Bitcoin sales with instant bank deposits.


  • High transaction fees.
  • Lower liquidity can affect your selling rate.
  • The user interface can be confusing.

If you need to compare more with NairaEx, read TransferXO vs NairaEx: Is TransferXO Better Than NairaEx?

9. Patricia


For those who are searching for Binance alternatives to sell Bitcoin in Nigeria, Patricia stands as a competent choice. This platform prides itself on making the process of buying, selling, and storing Bitcoin seamless, secure, and accessible. 

It brings digital currency operations to the doorstep of its users via Patricia cards, a unique feature that facilitates digital payments across 3,000+ stores worldwide. This allows Nigerian users to utilize their digital assets in a wider range of everyday transactions. 

Plus, Patricia offers a Bitcoin gift card, a unique product that can be gifted to friends or relatives, which they can then redeem on their Patricia wallet. Not to forget, the company boasts robust security systems, low transaction fees, and a user-friendly interface. 

This comprehensive approach makes Patricia an exciting platform for Nigerians to interact with Bitcoin.


  • Wide range of payment options for Bitcoin sales.
  • User-friendly interface for easier transactions.
  • Good customer service support.


  • High fees for selling Bitcoin.
  • Lower liquidity than global platforms.
  • No instant withdrawals to banks.

10. Kraken

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Kraken is a top-rated cryptocurrency exchange platform known for its reliability and seamless user interface, serving as an alternative to Binance for selling Bitcoin in Nigeria. Established in 2011, it’s lauded as one of the oldest and largest Bitcoin exchanges globally. 

What sets Kraken apart is its extensive security measures. It employs a series of complex strategies, such as the proof of reserves audit system, to ensure the safety of users’ funds. 

Kraken also provides comprehensive trading options including spot and futures trading with up to 50x leverage, which are features most Nigerian traders find highly appealing. Additionally, Kraken supports more than 50 cryptocurrencies, thus offering a wide range of investment choices. 

Furthermore, its reasonable and competitive fee structure makes it a popular choice among traders. Lastly, its top-notch customer support, with services in various languages, shows its dedication to serving customers around the world, including Nigeria.


  • Low transaction fees make it cost-effective to sell Bitcoin.
  • Offers a wide range of digital currencies for trade.
  • High-security measures ensure safer transactions.


  • The complex interface may confuse new users.
  • It does not offer direct support for the Nigerian Naira.
  • The verification process is time-consuming.


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Coinbase is one of the top cryptocurrency trading platforms operating in Nigeria. This US-based exchange provides users with an easy way to buy and sell digital currencies including Bitcoin, Ethereum, and Litecoin. 

One of its main features is its user-friendly interface which simplifies the process of buying and trading cryptocurrency, making it ideal for beginners. 

In addition to its simplicity, Coinbase offers top-tier security measures, ensuring that users’ funds and personal information are kept safe. It also offers a unique insurance policy, promising to cover losses due to security breaches or hacks.


  • High-security standards
  • User-friendly interface, ideal for beginners.
  • Quick withdrawal and deposit process.


  • High transaction fees compared to other platforms.
  • Limited types of cryptocurrencies compared to other platforms.
  • Lack of transparency in terms of disclosing its price structures.

13. OKEx

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OKEx is a world-leading cryptocurrency exchange providing Nigerians the platform to buy, sell, and trade various cryptocurrencies. It supports numerous cryptocurrencies including Bitcoin, Ethereum, and over a hundred more. 

OKEx offers several unique features, one being spot and futures trading, giving traders the ability to hedge against market volatility. Additionally, it has a comprehensive suite of trading products ranging from spot trading to futures, perpetual swap, and options trading. 

This makes it attractive to both beginners and experienced traders. OKEx prioritizes user safety and employs advanced security measures such as two-factor authentication and cold storage for funds. It also has 24/7 customer service for all user queries and concerns.


  • Wide variety of cryptocurrencies for trading.
  • Provides advanced trading options like futures and margin trading.
  • Excellent customer service is available round the clock.


  • The complicated user interface is not beginner-friendly.
  • History of freezing withdrawals due to internal audit issues.
  • Cryptocurrency deposit required to start trading, posing a risk for beginners.

14. KuCoin


KuCoin is one of the top companies dealing with cryptocurrency in Nigeria. The company prides itself as an easy and safe platform to trade and store over 200 types of digital currencies including Bitcoin, Ethereum, and many more. 

Its outstanding feature includes a state-of-the-art trading platform with advanced algorithms to help execute transactions at lightning speed. KuCoin also provides comprehensive security measures such as dynamic multifactor authentication to protect users’ assets. 

Their user-friendly interface coupled with their 24/7 customer service makes them an ideal choice for both beginners and experienced traders. Plus, their ability to perform cross-trades from different markets gives them an edge over their competitors.


  • Supports a variety of cryptocurrencies.
  • Provides strong security protocols.
  • Offers round-the-clock multilingual customer support.


  • Does not offer a fiat trading pair, making it inconvenient for those wishing to trade directly with their local currency.
  • The wide array of features can be overwhelming for beginners.
  • There are reported slow withdrawals of certain cryptocurrencies.

15. Bybit

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Bybit is a leading company in Nigeria that specializes in cryptocurrency trading. This global platform has earned a reputation for providing seamless and innovative cryptocurrency trading services to millions of customers worldwide. 

Their trading platform offers several cryptocurrencies including Bitcoin, Ethereum, EOS, and XRP among others. Bybit’s unique features include a powerful trading system capable of executing trades with great speed and no overloads, advanced charting tools for efficient trading analysis, and strong security protocols for asset protection. 

The platform offers 24/7 customer service and an intuitive user interface, making it easy for users at all levels to navigate the system. In addition, Bybit operates with a dual price mechanism to prevent market manipulations.


  • User-friendly platform that’s great for all skill levels.
  • Provides a strong emphasis on security.
  • Offers 24/7 customer service.


  • Lack of support for spot trading.
  • No fiat currency deposits and withdrawals.
  • The complexity of navigating through their advanced trading options may be intimidating for beginner users.

If you are interested in crypto investment, read through the 15 Best Crypto Investment Platforms in Nigeria 

How to Choose the Best Cryptocurrency Company in Nigeria

Due to the numerous competing options accessible in the market, selecting the correct crypto exchange can be challenging – it might be an information overload.

However, before making this decision, it is critical to consider the following factors: safety, reputation, liquidity, accessibility, and whether your preferred crypto exchange allows deposit and withdrawal options in Nigerian naira (NGN). 

1. Safety

This should be the top priority when choosing a cryptocurrency company. Make sure the company you select has advanced security measures to protect your investments.

Some safety indicators to look for are Two-Factor Authentication (2FA), end-to-end encryption, cold storage facilities, and insurance funds. Also, a company that conducts regular security audits and follows all regulations is a good bet.

2. Reputation

The reputation of a company speaks volumes about its trustworthiness. Look for reviews and feedback from other users on social media, cryptocurrency forums, and independent review websites.

Also, check how long the company has been in business – the longer, the better, as it suggests stability and credibility.

3. Liquidity

High liquidity implies that a cryptocurrency company is popular and frequently used, which means that you can buy and sell assets more easily.

It’s essential, particularly if you’re a day trader who requires a platform that allows for quick transaction execution. To gauge a company’s liquidity, consider checking its 24-hour trading volume.

4. Accessibility

It’s important to select a cryptocurrency company that you can easily access. The best ones usually offer user-friendly platforms that are accessible both via computer and smartphone.

Look out for companies that have intuitive user interfaces, good customer service, and reliable performance, ensuring smooth transactions whenever you need to.

5. Fees

While often overlooked, this aspect can significantly impact your profitability in the long run. Every time you make a trade, most companies charge fees, which vary from one company to another.

Also, deposit and withdrawal fees might apply. Choose a company with a transparent, reasonable fee structure.

There are a few other things to consider before trading on an exchange, which include:

  • You should only invest what you can afford to lose.
  • Expect volatility, as the cryptocurrency market follows the rule of supply and demand and can be extremely sensitive to a lack of liquidity for external financial, political, and economic forces.
  • When using an exchange, remember to enable security features such as biometric verification and two-factor authentication (2FA).
  • If you have long-held cryptocurrencies, it is best to withdraw them from exchanges if you desire complete control over them. There are secure offline wallets that allow you to keep your private keys, adding an extra layer of security. After purchasing crypto assets from an exchange, move them to a private wallet, preferably a hardware wallet.

If you are a beginner in crypto, take out time to read through the Trending Cryptocurrency Slangs for Beginners: Meaning of HODL, FUD, FOMO, and Other Bitcoin Slang

Swap Crypto on TransferXO
Swap Cryptocurrency on TransferXO

Should You Buy Cryptocurrency in Nigeria?

While crypto companies continue to face opposition from Nigerian regulators concerned about the economic, financial, and political consequences and instability they may cause, the country’s growing popularity of digital assets bodes well for the future of exchanges in Africa’s most populous country.

When it comes to companies that buy cryptocurrency in Nigeria, dealing with established global trading platforms like TransferXO is probably the safest bet because you know that every aspect — from support, security, liquidity, and compliance — has been thoroughly reviewed and satisfactorily addressed by international standards.

Frequently Asked Questions

Are cryptocurrencies legal in Nigeria?

Yes, cryptocurrencies are legal in Nigeria. However, the Central Bank of Nigeria issued a directive prohibiting banks and financial institutions from dealing in or facilitating transactions in cryptocurrencies.

What types of cryptocurrencies do these companies buy?

Most of these companies buy popular cryptocurrencies such as Bitcoin, Ethereum, and Litecoin. Some platforms may also deal with less-known cryptocurrencies. Check the platform’s policy or reach out to their customer support to find out.

How do I choose which company to sell my cryptocurrencies to?

You should consider several factors before deciding, including transaction fees, security, user interface, customer service, transaction speed, and more. Some platforms may also offer better rates for specific cryptocurrencies.


The cryptocurrency market in Nigeria is rapidly expanding, thanks to the innovative offerings of these top 15 companies. Companies such as TransferXO, Yellow Card, Blockvila, Bitfxt, and Luno are leading the pack, offering secure, user-friendly platforms for buying and trading digital currencies. 

Cryptocurrency’s promise of increased financial inclusivity, improved remittance methods, and solid investment opportunities are continually attracting more Nigerian users. 

As such, these companies, through their proactive approaches, will no doubt continue to pave the way for cryptocurrency’s thriving presence in Nigeria’s economic landscape.

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