Best Crypto Exchanges in Nigeria (2025)

Did you know Nigeria is one of the largest crypto markets in Africa? Despite regulatory changes and periodic downturns, Nigeria ranks second globally in crypto adoption. 

Between July 2023 and June 2024, the country received approximately $59 billion in cryptocurrency value. With so many exchanges to choose from, though, how can you be sure which one is the best for you? 

We’ve researched the best crypto exchanges in Nigeria in 2025 to help you focus on trading without worrying about hidden fees or security risks.

Key Takeaways

• Crypto exchanges in Nigeria operate legally but must comply with CBN regulations, including KYC and AML requirements.
  
• Many exchanges allow users to trade cryptocurrencies directly with Naira, making transactions easier.
  
• Security measures like 2FA, cold storage, and encryption are essential when choosing a crypto exchange.
  
• Platforms like UEEx, Bybit, and Binance are among the top choices for Nigerian users in 2025.
  
• Most exchanges in Nigeria require KYC verification to enhance security and comply with regulations.
  

Crypto Exchange	Best For	Available Assets	Trading Fee	Supported Cryptos	Unique Features	Security Features	Fiat Support	Max Leverage
UEEx	Best Overall	300+	Margin fee: 0.08% – 0.10%, Spot trading 0.09%, Futures trading 0.05%	Bitcoin, Ethereum, 100+	Advanced trading tools, rewards	Cold wallet storage, 2FA	Yes	Up to 200x
Bybit	P2P trading	600+ cryptocurrencies	Maker: 0.1%, Taker: 0.1%  Futures trading: Taker: 0.055% Maker: 0.02%	BTC, ETH, and more	Advanced trading tools, high liquidity	Triple-layer asset protection, advanced data security	NGN, USD	Up to 200x
Binance	Holding Crypto	500+ cryptocurrencies	0.1% (spot trading); 25% discount with BNB	BTC, ETH, XRP, and more	Spot, margin, futures, options, earn programs	Two-factor authentication (2FA), cold storage	Not available	Up to 125x
Luno	Beginner-friendly trading	Major cryptos	Your fee is determined by your trade volume over the last 30 days, excluding the current day	BTC, ETH, SOL, etc.	Educational resources, simple interface	Two-factor authentication, multi-signature wallet system	NGN	N/A
KuCoin	Wide range of cryptocurrencies	700+ cryptocurrencies	Maker: 0.2% (VIP 0)Taker: 0.060% (VIP 0)	BTC, ETH, and more	P2P exchange, futures trading	2FA, micro-withdrawal wallets	Supports NGN via P2P	Up to 100x
Bitget	Derivatives Trading	Multiple assets	Default fee for spot trading is 0.1% for both makers and takers	Bitcoin, Ethereum, altcoins	Copy trading, bot tools	Proof of Reserves, 2FA	Yes	From 2x to 125x
Gate.io	Altcoin Variety	1,400+ coins	Varies based on account level (Maker: 0.2%, Taker: 0.060% for VIP 0)	1,400+	Wide range of cryptocurrencies, margin trading	Cold storage, two-factor authentication.	Yes	Up to 10x
Remitano	P2P Transactions	Major cryptocurrencies	Varies	Major cryptos	Peer-to-peer marketplace, escrow services	Escrow protection, two-factor authentication	Yes	2x
Yellow Card	Simplicity	Major cryptocurrencies	0.1% – 0.2%	Major cryptos	User-friendly interface, focus on African markets.	Security protocols implemented.	Yes	Not available
Quidax	Local Transactions	Major cryptocurrencies	Maker fee: 0.1%: Taker fee: 0.1%	Limited selection	Focus on African markets, easy Naira transactions.	Security protocols implemented	Supports NGN	No leverage trading

1. UEEx Exchange – Best Overall

(Source: UEEx)

UEEx, a cryptocurrency and stock exchange platform that launched in 2021, wants to provide a secure and easy way to trade digital assets. If you’re an investor in Nigeria, UEEx lets you trade stocks and cryptocurrencies without hassle. Features like infinite receiving addresses help protect your privacy.

You can also enjoy very low fees and use some great tools to help you trade better. If you’re looking for a smarter way to manage your finances in Nigeria, UEEx aims to be your all-in-one solution.

Just so you know, UEEx doesn’t currently offer a Peer-to-Peer (P2P) trading platform. You’ll trade directly through the exchange’s main system.

Pros

• UEEx supports over 300 cryptocurrencies, allowing Nigerian traders to diversify their portfolios. 
• The platform offers a copy trading feature, enabling you to replicate successful investor trades, which can benefit beginners. 
• UEEx holds licenses from the U.S. Money Services Business (MSB) and the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC), indicating adherence to international financial regulations. 

Cons

• The platform requires KYC verification, which may concern some users.
• The user interface might be challenging for beginners.
• Relatively new exchange compared to some established players.

Fees

Alt text: UEEx fees (Source: UEEx)

• UEEx charges a spot trading fee of 0.09% and a margin trading fee ranging from 0.10% to 0.08%
• Withdrawal fees start from 1 USDT, for USDT – TRC20
• Deposits and withdrawals in fiat currencies are generally free, though you should be aware of potential bank charges or third-party fees.

2. Bybit Exchange – P2P Trading

(Source: Bybit website)

Bybit is a cryptocurrency exchange that’s become popular with Nigerian traders because of its many features, competitive fees, and new ideas. It’s also known for being easy to use and having strong features.

Started in 2018 and based in Singapore, Bybit works in over 160 countries, including Nigeria, so you can trade without needing a VPN.

Read Also: Best Crypto Exchanges in Mexico

Bybit’s P2P platform is especially useful for you if you’re in Nigeria. It makes it easy to switch between Naira and cryptocurrencies without any extra transaction fees. This, along with its user-friendly design and strong security, makes Bybit a good choice for many traders in Nigeria.

Pros

• Bybit’s Peer-to-Peer (P2P) platform enables Nigerians to convert Naira to cryptocurrency and vice versa seamlessly. This feature supports over 600 payment methods, providing flexibility in transactions.
• The P2P platform offers zero transaction fees, making it cost-effective for users.
• Bybit’s platform is designed for ease of use, catering to both beginners and experienced traders. The mobile app is intuitive, facilitating easy navigation.
• Bybit employs robust security protocols, including two-factor authentication and cold storage, to protect your assets.

Cons

• Bybit does not offer direct trading pairs in Naira; users must use the P2P marketplace or third-party services for NGN transactions.
• Bybit does not provide insurance on crypto or fiat deposits, which may be a concern for some users.

Fees

Alt text: Bybit Fees (Source: Bybit)

• Deposits are generally free on Bybit. 
• A withdrawal fee is charged for on-chain withdrawal depending on the different coins and chains selected. 

3. Binance Exchange – Holding Crypto

Binance is a leading global cryptocurrency exchange known for its many services and easy-to-use interface. As a Nigerian user, Binance offers various features like spot, margin, and futures trading, and you can also explore staking and savings options through Binance Earn. 

However, it’s important to know that as of March 7, 2024, Binance stopped supporting direct trading with the Nigerian Naira (NGN) and also discontinued its P2P platform for NGN. This means you can’t directly trade your crypto for Naira on Binance anymore.

Pros

• Binance provides a wide array of trading services, including spot, margin, and futures trading, allowing users to engage in various trading strategies.
  
• The platform offers low trading fees, starting at 0.1% for both makers and takers. If you hold Binance Coin (BNB) you can benefit from a 25% discount on trading fees, further reducing costs.
  
• Binance employs robust security protocols, including two-factor authentication (2FA), cold storage for the majority of your funds, and regular security audits to safeguard your assets.
  
• As one of the largest cryptocurrency exchanges globally, Binance offers high liquidity, ensuring efficient trade execution and tighter spreads. 

Cons

• With the discontinuation of NGN trading pairs and P2P services, you face challenges in depositing and withdrawing local currency directly on the platform. 
• Binance has faced regulatory challenges in various jurisdictions, including Nigeria, which may impact its services and operations. 

Fees

• If you’re trading USDC and you’re the taker in the trade, you’ll get a slightly reduced fee of 0.095%.
• Depositing cryptocurrencies on Binance is generally free. However, when you withdraw crypto, you’ll have to pay a fee, which varies depending on the cryptocurrency you’re withdrawing. 
• Since Binance no longer supports NGN, you might have extra costs if you need to convert your local currency using another service.

4. Luno Exchange – Beginner-friendly Trading

(Source: Luno)

Luno is a cryptocurrency exchange that has been operating in Nigeria since 2013. It allows you to buy, sell, and store cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Ripple (XRP), and Cardano (ADA). 

Pros 

• Luno’s platform is designed to be easy to use, making it suitable for both beginners and experienced traders. The mobile app allows you to trade and monitor their portfolios conveniently. 
• Luno supports deposits and withdrawals in Nigerian Naira, facilitating seamless transactions for Nigerians. Your account can be funded through bank transfers, debit/credit cards, and Naira vouchers. 
• Luno employs strong security protocols, including two-factor authentication (2FA) and a ‘deep freeze’ multi-signature wallet system, to protect your funds. This ensures that over 95% of your assets are stored offline, reducing the risk of hacks. 
• Luno is registered with Nigeria’s Corporate Affairs Commission and complies with local regulations, providing an added layer of trust for users. 

Cons

• Compared to other exchanges, Luno offers a smaller variety of cryptocurrencies. This may not meet the needs of users interested in trading a wider range of digital assets. 
• Using the instant buy or sell feature incurs a 2% fee, which is higher than the fees on the Luno Exchange platform. If you are making frequent transactions might find these costs accumulating over time. 

Fee 

• A 2% fee is applied to instant purchases or sales of cryptocurrency. For example, buying Bitcoin worth ₦100,000 would incur a fee of ₦2,000. 
• Fees on the Luno Exchange vary based on your 30-day trading volume and whether you’re a maker or taker. For volumes between ₦0 and ₦750,000, taker fees are 0.60%, and maker fees are 0.40%. Higher trading volumes benefit from reduced fees. 

5. KuCoin Exchange – Wide Range of Cryptocurrencies 

(Source: KuCoin)

KuCoin is a global cryptocurrency exchange that has gained popularity among Nigerian traders for its extensive range of digital assets and user-friendly platform. 

The exchange offers access to over 900 cryptocurrencies, providing Nigerian users with diverse investment opportunities. 

KuCoin previously offered a Peer-to-Peer (P2P) trading platform that allowed you to trade cryptocurrencies directly with each other using NGN. However, this service was temporarily suspended on May 15, 2024, due to compliance initiatives. 

Pros

• KuCoin supports a vast selection of digital assets, allowing Nigerian traders to diversify their portfolios effectively.
  
•  The platform offers competitive trading fees, which are generally lower compared to other exchanges, making it cost-effective for frequent traders.
  
• KuCoin’s platform is designed to be intuitive and caters to both beginners and experienced traders. 

Cons

• As of May 15, 2024, KuCoin temporarily suspended all Peer-to-Peer (P2P) Nigerian Naira (NGN) services and Fast Buy services via Naira cards, limiting direct fiat-to-crypto transactions for Nigerian users.
  
• KuCoin, like other exchanges, has faced regulatory challenges in Nigeria, which may impact its services and operations. 

Fees

• KuCoin charges a maker-taker fee of -0.005%-0.1%. 
• Cryptocurrency deposits are generally free. Withdrawal fees vary depending on the specific cryptocurrency. 
• Effective July 8, 2024, KuCoin introduced a 7.5% VAT on transaction fees for Nigerian users, in compliance with local tax regulations. 

6. Bitget Exchange – Derivative Trading 

(Source; Bitget Website)

Bitget is a cryptocurrency exchange that offers a lot of different services to you if you’re a Nigerian user, including spot trading, futures trading, and a Peer-to-Peer (P2P) trading platform. The exchange supports many different cryptocurrencies, giving you plenty of ways to invest.

Specifically, Bitget’s P2P platform lets you buy and sell cryptocurrencies directly with other users in Nigeria using NGN.

They support over 100 different payment methods, which is really convenient. These include things like bank transfers, cash, and e-wallets like Payeer, Zelle, and Perfect Money. 

Read Also: History of Top Cryptocurrency Exchanges

If you’re selling cryptocurrencies in exchange for NGN on the P2P platform, you’ll be charged a small transaction fee of 0.5%.

Pros

• Bitget offers competitive trading fees, with spot trading fees starting at 0.1% for both makers and takers. 
• The platform provides a P2P trading feature that allows you to buy and sell cryptocurrencies directly with each other using Nigerian Naira (NGN). 
• Bitget’s platform is designed to be intuitive, catering to both beginners and experienced traders. 

Cons

• Like many cryptocurrency exchanges, Bitget has faced regulatory scrutiny in various countries, which may affect its operations and services.
• While Bitget supports NGN for P2P trading, it does not offer direct fiat-to-crypto trading pairs, which may limit options for Nigerian users looking to trade directly with NGN.

Fees

(Source: Bitget) 

• Bitget charges a fixed fee of 0.1% for both maker and taker orders in spot trading. 
• On the P2P platform, if you are selling cryptocurrencies in exchange for NGN you will be charged a transaction fee of 0.5%. Buyers are exempt from trading fees. 

7. Gate.io Exchange – Altcoin Variety 

(Source; Gate.io Website)

Gate.io is a cryptocurrency exchange that offers a variety of services to Nigerian users, including spot trading, futures trading, and a Peer-to-Peer (P2P) trading platform. 

The exchange supports a wide range of cryptocurrencies, providing Nigerian traders with diverse investment opportunities.

Gate.io’s P2P trading platform allows Nigerian users to buy and sell cryptocurrencies directly with each other using NGN. 

The platform supports multiple payment methods, including bank transfers and mobile money, and offers zero fees for transactions.

Pros

• Gate.io charges a base trading fee of 0.1% for both makers and takers in the spot market, which is competitive compared to other exchanges.
  
• Gate.io supports over 1,500 cryptocurrencies, providing Nigerian traders with a broad selection of digital assets to invest in. 

Cons

• While Gate.io offers P2P trading in NGN, it does not support direct fiat-to-crypto trading pairs, which may limit options for Nigerian users looking to trade directly with NGN.
• The platform offers a P2P trading feature which is not available to Nigerian users. 
• Some users have reported that Gate.io’s interface can be complex for beginners, which may pose a challenge for new traders. 

Fees

(Source: Gate.io) 

• GT token holders can get a discount on fees.
• Gate.io charges a 0.4% fee for short-term options handling
• Gate.io doesn’t charge a fee for deposits
• Gate.io’s P2P trading platform offers zero fees for transactions, making it cost-effective for Nigerian users to buy and sell cryptocurrencies directly with each other. 

8. Remittano Exchange – P2P Transactions 

(Source; Remittano’s Website)

Remitano is a cryptocurrency exchange that has established a strong presence in Nigeria, primarily through its Peer-to-Peer (P2P) trading platform. 

This platform enables you to buy and sell cryptocurrencies directly with one another, using the Nigerian Naira (NGN). It provides an escrowed p2p platform that connects buyers and sellers to deal directly with themselves.

The platform supports various payment methods, including bank transfers, and uses an escrow system to enhance transaction security. This setup offers users greater control over their trades and can result in lower costs compared to traditional exchanges. 

Read Also: Best Crypto Exchanges in Norway (2025)

Also, Remitano supports various cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Tether (USDT), and others, providing a diverse range of options for traders.

Pros

• Remitano’s platform is designed to be intuitive, making it accessible for both beginners and experienced traders. 
• Remitano is the most frequently used peer-to-peer exchange in Nigeria. 
• Remitano offers high liquidity, allowing users to quickly and easily exchange large amounts of cryptocurrency without significantly affecting market prices. 
• The platform employs an escrow system to ensure secure transactions between buyers and sellers, reducing the risk of fraud. 

Cons

• While Remitano supports major cryptocurrencies, its selection is more limited compared to some other exchanges, which may restrict options for users interested in a wider variety of digital assets.
• As P2P transactions depend on individual buyers and sellers, there can be occasional delays in completing trades, especially if counterparties are slow to respond or complete payments.

Fees

• Remitano charges a 1% fee on each completed trade, which is deducted from the seller’s proceeds. 
• Deposits and withdrawals in NGN are generally free; however, you should be aware of potential bank charges or third-party fees that may apply. 

9. Yellow Card Exchange – Simplicity 

(Source: Yellow Card Website)

Yellow Card is a cryptocurrency exchange operating in Nigeria, offering services such as buying, selling, sending, and receiving cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Tether (USDT), USD Coin (USDC), and PayPal USD (PYUSD). 

Yellow Card does not offer a Peer-to-Peer (P2P) trading platform. Instead, it operates as a centralized exchange where users can buy and sell cryptocurrencies directly through the platform.

Pros

• Yellow Card allows you to trade cryptocurrencies without incurring trading fees, making it a cost-effective option for investors. 
• The platform is designed to be intuitive, catering to both beginners and experienced traders, facilitating easy navigation and transaction execution.
• You can sell cryptocurrencies and withdraw Naira directly to your bank accounts, with transactions processed swiftly. 
• Yellow Card employs state-of-the-art security features, including two-factor authentication, to ensure the safety of user funds. 

Cons

• While supporting major cryptocurrencies, Yellow Card’s selection is more limited compared to some other exchanges, which may restrict options for users interested in a wider variety of digital assets.
• Some users have reported negative experiences, including concerns about the platform’s reliability and customer service. 

Fees

• Yellow Card offers zero trading fees, allowing users to buy and sell cryptocurrencies without additional costs. 
• While trading is fee-free, users should be aware of potential network transaction fees when transferring cryptocurrencies, as blockchain network conditions determine these. 

10. Quidax – Local Transactions 

Quidax is a cryptocurrency exchange based in Nigeria, designed to make buying, selling, and storing digital assets straightforward for Nigerians. It supports over 20 cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and its native token, QDX.

Quidax provides a user-friendly and secure platform tailored for Nigerian cryptocurrency enthusiasts. Its support for Naira transactions and compliance with local regulations make it a convenient choice for users in Nigeria. 

However, the limited fiat currency support and absence of certain additional features may influence the decision of users seeking a more comprehensive suite of services.

Pros 

• Quidax offers an intuitive interface, making it accessible for both beginners and experienced traders. 
• You can trade cryptocurrencies directly using the Naira (NGN), simplifying transactions without the need for currency conversion. 
• Quidax is the first crypto exchange to receive a provisional Digital Assets Exchange license from Nigeria’s Securities and Exchange Commission (SEC), ensuring adherence to local regulations. 
• The platform’s Instant Swap feature allows you to quickly buy, sell, and swap cryptocurrencies within minutes. 
• Quidax employs robust security protocols to protect user funds and personal information. 

Cons 

• Currently, Quidax supports only Naira (NGN) and USD for fiat transactions, which may limit you if you are dealing in other currencies. 
• The platform operates solely in English, potentially posing challenges for non-English speaking users. 
• Unlike some competitors, Quidax does not offer services like utility bill payments, crypto loans, or instant business payments. 

Fee Structure

• There is a flat rate of N100 withdrawal fees charged from your balance. 
• For every order that is placed, the fee (maker or taker) is charged on the receiving amount. 
• What this means is that if you exchanged Naira for Bitcoin, you would be charged a maker or taker fee in Bitcoin. But, if you exchange Bitcoin for Naira, you will be charged fees in Naira.
• Withdrawal fees range from 200 NGN to 5,000 NGN, depending on the amount. 

Why Use a Crypto Exchange in Nigeria?

Using a cryptocurrency exchange in Nigeria offers several advantages that cater to the unique financial landscape of the country. Here are five key benefits:

1. Financial Inclusion

Cryptocurrency exchanges have become an important financial tool for Nigerians, especially those without access to traditional banking services. 

In a country where a significant portion of the population remains unbanked, platforms like UEEx, Yellow Card, and Luno offer a lifeline. 

These exchanges allow you to store value in digital assets, send money across borders with ease, and make secure transactions, even in areas where banking infrastructure is limited. 

Read Also: Best Crypto Exchanges in Chad (2025)

Crypto exchanges empower you to participate in the global financial system and gain better control over your finances by bypassing the need for a traditional bank account. 

2. Efficient Cross-Border Transactions

Traditional cross-border payments can be slow and expensive. Cryptocurrency exchanges facilitate faster and more cost-effective international transactions, benefiting Nigerians engaged in remittances and global trade. 

3. Protection Against Currency Devaluation

The Nigerian Naira has experienced devaluation, affecting the purchasing power of citizens. Cryptocurrencies offer an alternative store of value. It allows you to preserve your wealth against local currency fluctuations. 

4. Economic Empowerment

You can diversify your income sources by participating in cryptocurrency markets. Engaging in crypto trading, investments, or related services can provide additional revenue streams, contributing to economic empowerment. 

5. Access to Global Markets

Cryptocurrency exchanges connect you to global financial markets, enabling them to trade a variety of digital assets. This access enables economic growth and integration into the global economy.

Factors to Consider When Choosing a Crypto Exchange in Nigeria

When selecting a cryptocurrency exchange in Nigeria, it’s important to consider several factors to ensure a secure and efficient trading experience. Here are five key considerations:

1. Security Measures

Exchange	Insurance	Cold Storage %	Regulatory Status	Security Features
UEEx	Yes	93%	Licensed in US and Canada	Multi-factor authentication, Access control with IP and wallet whitelisting
Bybit	Yes	99.50%	SATOS partnership	Multi-sig wallets, Regular audits
Binance	SAFU	90%	FSMA registered	Advanced API permissions, Hardware 2FA
Luno	Yes	95%	Registered in Nigeria	Two-factor authentication, ‘deep freeze’ multi-signature wallet system
KuCoin	Yes	95%	Registered in Seychelles	Multi-factor authentication, micro-withdrawal wallets, industry-level multilayer encryption
Bitget	Yes	95%	Registered in Seychelles	Multi-signature wallets, cold and hot wallet separation, 2FA
Gate.io	Partial	89.00%	Limited EU presence	Multi-layer security system, DDos protection, Cloud data risk control, 2FA
Remittano	Yes	98.00%	Registered in multiple countries	Two-factor authentication, escrow system for transactions
Yellow Card	Yes	95%	Registered in Nigeria	Two-factor authentication, compliance with local regulations
Quidax	Yes	90%	Registered in Nigeria	Two-factor authentication, encryption, cold storage

When selecting a crypto exchange in Nigeria, security should be your top priority. Opt for platforms that employ robust security measures such as two-factor authentication (2FA), cold storage for safeguarding funds offline, and encryption protocols to protect sensitive data. 

These features minimize the risk of hacks and unauthorized access. For example, exchanges like UEEx are well-known for their advanced security systems, ensuring that users’ assets and personal information remain safe.

2. Regulatory Compliance

Regulatory compliance is a critical factor when choosing a crypto exchange in Nigeria. Platforms that adhere to local laws and regulations offer an added layer of trust and legal protection. 

They also ensure that your trading activities align with the country’s financial policies. Choosing a compliant exchange ensures a safer and more transparent trading environment.

3. User Interface and Experience

A user-friendly interface makes trading easier and more accessible, particularly for beginners. Look for platforms with intuitive navigation that simplifies buying, selling, and managing cryptocurrencies. 

Also, responsive customer support can enhance your experience by providing timely assistance. UEEx, for instance, is highly regarded for its simple and easy-to-use interface, making it an excellent option for traders at all levels.

4. Fees and Costs

Understanding the fee structure of a crypto exchange is important. Be aware of trading fees, deposit and withdrawal charges, and any hidden costs that may affect your overall trading expenses. 

Comparing fees across exchanges can help you find a platform that aligns with your budget and trading strategy. For example, UEEx exchange offers lower fees for traders. 

Exchange	Trading Fees		Max Leverage
	Maker	Taker
UEEx	0.09% (Spot)	0.09% (Spot)	200x
Bybit	0.1%	0.1%	100x
Binance	0.1%	0.1%	125x
Luno	The fee is determined by trading volume over the last 30 days	The fee is determined by trading volume over the last 30 days	N/A
KuCoin	0.1%	0.1%	100x
Bitget	Default fee for spot trading is 0.1%	Default fee for spot trading is 0.1%	From 2x to 125x
Gate.io	0.2% (VIP 0)	0.060% (VIP 0)	Up to 10x
Remittano	Varies	Varies	2x
Yellow Card	0.1%	0.2%	N/A
Quidax	0.1%	0.1%	N/A

As shown in the table above, UEEx stands out as the clear winner with competitive maker and taker fees of 0.09%, making it the most cost-effective option for Nigerian traders. Bybit and Binance follow closely, offering affordable fees for both beginner and advanced users.

5. Liquidity and Trading Volume

Liquidity is an important aspect of a reliable crypto exchange. High liquidity ensures that trades can be executed quickly without significant price changes, making the platform more efficient for users. 

Exchanges with high trading volumes often provide better liquidity, allowing you to buy or sell assets seamlessly. This is particularly important if you engage in frequent transactions or need to execute large trades without delays. An exchange that you can use for this transaction is UEEx 

Getting Started with UEEx in Nigeria

Starting your crypto journey with UEEx is simple. Follow these steps to create an account, deposit funds, and start trading. These simple steps will help you get started with UEEx and begin trading cryptocurrency in Nigeria.

1. Open an Account

Visit the official UEEx website and click on “Sign Up” at the top-right corner of the homepage. Enter your email address or phone number (including your country code) and create a strong password. 

If you have an invitation code, you can earn a commission when you sign up. After entering your details, you’ll receive a verification code via email or phone. Enter the code to confirm your registration.

2. Deposit Funds

Once your account is set up, you can deposit funds to start trading. Navigate to the “Asset Management” section on the platform. Choose whether to deposit cryptocurrency or fiat. Under the “Recharge” section, select the asset you want to deposit. 

Follow the on-screen instructions to complete the process. The time it takes for your funds to reflect will depend on the cryptocurrency or fiat method you used, as well as the required confirmations or processing time.

3. Buy Cryptocurrency

After funding your account, go to the “Trade” section. Select the asset you want to buy and choose your preferred order type, such as a market order or limit order. Enter the amount of cryptocurrency you wish to purchase or the amount of fiat currency you want to spend. Double-check your order details and click “Buy” or “Sell” to complete the transaction.

4. Transfer to a Wallet

For added security, consider moving your purchased cryptocurrency to a wallet that you control. This could be a hardware wallet, such as Ledger or Trezor, or a software wallet, like MetaMask or Trust Wallet. This step ensures you have full control over your digital assets.

Read Also: Best Crypto Exchanges in Malta (2025)

Are Crypto Exchanges Legal in Nigeria? 

Yes, cryptocurrency exchanges are legal in Nigeria but are required to register under ARIP and obtain the approval of the SEC in order to provide such services in Nigeria 

However, the Central Bank of Nigeria (CBN) has restricted banks and financial institutions from facilitating transactions involving cryptocurrencies. 

This directive, issued in February 2021, prevents banks from processing payments for crypto-related businesses or accounts. 

Despite this, individuals in Nigeria can still legally buy and sell cryptocurrencies through peer-to-peer (P2P) trading or digital wallets. This has made P2P platforms a popular option for Nigerians to trade digital assets, bypassing the restrictions placed on the banking system.

Conclusion

Choosing the right crypto exchange in Nigeria in 2025 is important for both novice and experienced traders. With a growing crypto market and numerous platforms available, it’s important to prioritize factors like security, user experience, fees, and supported assets when making your decision. 

Whether you’re looking for low trading fees, easy Naira deposits, or top-notch security, there are several exchanges that cater to the needs of Nigerian traders. 

You can confidently navigate the cryptocurrency space while minimizing risks and maximizing opportunities by doing your research and selecting an exchange that aligns with your trading goals. 

Frequently Asked Questions about the Best Crypto Exchanges in Nigeria (2025)