Cryptocurrency is a rapidly growing industry in Nigeria. Local cryptocurrency exchanges offer services such as crypto-fiat exchange, merchant payment solutions, P2P, and spot trading. Nigeria is one of the largest markets for peer-to-peer cryptocurrency trading.
While other exchanges exist in the most populous black nation in the world, here is a list of the top ten according to the number of users:
Roqqu
Roqqu is a Nigerian cryptocurrency exchange founded in 2019 by Benjamin Eseoghene Onomor, an experienced entrepreneur with a background in finance and technology. The exchange offers a fast, reliable, and secure platform for buying and selling cryptocurrencies such as Bitcoin, Ethereum, and Litecoin. It also focuses on financial inclusion and education, providing educational resources and tools to help users learn about cryptocurrencies and how to use them.
Additionally, the exchange uses advanced security measures such as two-factor authentication, SSL encryption, and cold storage to protect user accounts and transactions. Overall, Roqqu is a reputable cryptocurrency exchange in Nigeria that provides a fast, reliable, and secure platform for buying and selling cryptocurrencies. Roqqu has 1.6 million users and has been downloaded more than a million times.
Bundle Africa
Bundle Africa is a Nigerian cryptocurrency exchange founded in 2019 by Yele Bademosi, a Nigerian entrepreneur and investor. The exchange offers a user-friendly and accessible platform for buying, selling, and storing cryptocurrencies such as Bitcoin, Ethereum, and Binance Coin (BNB).
Bundle Africa, with a presence in 36 African countries, is a reputable cryptocurrency exchange in Nigeria that provides a user-friendly and accessible platform for buying, selling, and storing cryptocurrencies. Like Roqqu, Bundle Africa has over a million users.
Patricia
Patricia is a Nigerian cryptocurrency exchange founded in 2017 by Fejiro Hanu Agbodje, a Nigerian entrepreneur and software engineer. Fejiro Hanu Agbodje is an experienced software engineer and entrepreneur who is dedicated to providing innovative solutions to the Nigerian cryptocurrency market.
Patricia is focused on providing a secure and user-friendly platform for buying, selling, and trading cryptocurrencies such as Bitcoin, Ethereum, and Litecoin. It offers a variety of payment options, including bank transfers, debit and credit cards, and gift cards, and is committed to providing a secure trading platform. Patricia has more than 850,000 users with over 100,000 downloads.
Busha
Busha is a Nigerian cryptocurrency exchange founded in 2018 by Moyo Sodipo, also the Chief Product Officer; and Michael Adeyeri, also the CEO. Sodipo and Adeyeri were among the first staff hired by Jumia Nigeria in 2012. Sodipo worked as an IT DevOps engineer. Adeyeri worked as a software engineer.
Busha began as an effort to dispel misunderstandings about cryptocurrency. According to Sodipo, some people believed that in order to acquire cryptocurrency, they needed to purchase a complete Bitcoin. The Busha team persuaded customers that they could buy in modest increments as little as $10. They established Busha, and the user-friendly platform evolved naturally over time.
Busha has done successfully without any outside support under the leadership of Sodipo and Adeyeri. The site now has more than 200,000 registered users and has completed 1.5 million deals. Busha also raised $4.2m in seed funding in 2021. The platform has more than 400,000 users and has been downloaded over 100,000 times.
Quidax
Quidax is a cryptocurrency exchange founded in 2018 that allows users to buy and sell various cryptocurrencies using Nigerian Naira (NGN) and other local African currencies. It offers a user-friendly platform with features such as instant buy/sell, limit orders, and stop-loss orders. It also offers a cryptocurrency wallet and educational resources to help users learn about cryptocurrency and blockchain technology.
Buchi Okoro and Uzo Awili are the founders of Quidax Exchange. Buchi is an experienced entrepreneur and software engineer with over 10 years of experience in the tech industry. Uzo is an experienced entrepreneur with a background in finance and business development. Together, they have led Quidax to become one of the leading cryptocurrency exchanges in Nigeria and Africa, providing a secure, user-friendly platform for buying, selling, and storing cryptocurrencies.
Quidax is a licensed and regulated cryptocurrency exchange in Nigeria, with advanced security measures such as two-factor authentication and SSL encryption to protect user accounts and transactions. Quidax has been downloaded by over a hundred thousand users.
NairaEx
NairaEx is a Nigerian cryptocurrency exchange founded in 2015 by David Ajala, a Nigerian entrepreneur with a background in software engineering and finance. The exchange is focused on providing a simple and secure platform for buying and selling cryptocurrencies such as Bitcoin, Ethereum, and Litecoin. It has become one of the most popular cryptocurrency exchanges in Nigeria, with a reputation for reliability and security.
NairaEx offers a live chat support system that is available 24/7 and uses advanced security measures such as two-factor authentication and SSL encryption to protect user accounts and transactions. David Ajala is dedicated to providing innovative solutions to the Nigerian cryptocurrency market. NairaEx has more than 130,000 users.
Prestmit
Prestmit is a Nigerian peer-to-peer cryptocurrency exchange. Users may utilize the Nigerian Naira (NGN) as the trading pair to buy and sell numerous cryptocurrencies such as Bitcoin, Ethereum, Litecoin, and others. It is a straightforward, safe, and secure platform that offers users the opportunity to buy and sell over 20 different kinds of gift cards.
The goal of Prestmit is to give consumers an easy and safe option to trade cryptocurrencies without the use of middlemen or third-party services. The platform has an easy-to-use interface and accepts a variety of payment options, including bank transfers, mobile money, and cash deposits. It has over a hundred thousand users.
Bitmama
Bitmama is a cryptocurrency exchange based in Nigeria that allows users to buy and sell various cryptocurrencies using the Nigerian Naira (NGN) as the trading pair. The platform provides a simple and user-friendly interface, as well as security measures such as two-factor authentication and cold storage of users’ funds.
It is registered with the Nigerian Corporate Affairs Commission (CAC) and is a member of the Association of Nigerian Exchangers (ANE). To use the platform, users need to create an account and complete a verification process. Ruth Iselema is the founder and CEO of Bitmama. Although she is a trained pharmacist, she has built one of the most popular crypto platforms in Africa. Bitmama has over 10,000 users.
BuyCoins
BuyCoins is a Nigerian cryptocurrency exchange founded in 2017 that allows users to buy, sell, and trade various cryptocurrencies such as Bitcoin, Ethereum, Litecoin, and Bitcoin Cash. It also provides users with the ability to buy and sell US dollars (USD) using Nigerian naira (NGN).
BuyCoins offers a simple and user-friendly platform, a mobile app for Android and iOS devices, a cryptocurrency wallet, and educational resources to help users learn about cryptocurrency and blockchain technology. It is a regulated and licensed cryptocurrency exchange in Nigeria, with a focus on security and compliance. It also offers P2P services.
The three founders of the BuyCoins exchange are Timi Ajiboye, Tomiwa Lasebikan, and Ire Aderinokun. Timi Ajiboye is the CEO and an experienced software developer; Tomiwa Lasebikan is the CTO and an experienced software engineer; and Ire Aderinokun is the Chief Design Officer. It currently has a user base of over 5,000 people.
Paychant
Paychant is a cryptocurrency payment gateway founded in 2019 that aims to increase the adoption of cryptocurrency payments in Africa. Merchants can either receive their payout in local currency (NGN) or get settled in cryptocurrency.
Paychant supports over 45 crypto assets and all of Africa’s local payment methods, from local bank transfers to mobile money wallets, giving full access to onramp and offramp users in Africa. Moses Adeniji and Gabriel Adeniji founded Paychant in 2019.
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