Top 7 Crypto Apps in Nigeria

Despite the fact that the Central Bank of Nigeria has a rough relationship with crypto and they banned banks from facilitating crypto transactions back in 2021, crypto is still huge in ￰0￱ region has become a major player in global cryptocurrency adoption according to ￰1￱ 22 million people in Nigeria use cryptocurrencies and that number is ￰2￱ with the local restrictions there is a need for working, simple, fast, and secure crypto apps in ￰3￱ don't want to get lost in complex charts or a hundred different ￰4￱ want to sell their crypto and get their cash, plain and ￰5￱ to Look Out For in a Crypto App in Nigeria Here are the features you should look out for in a top crypto app in NIgeria: ￰6￱ Support: Needless to say, a top crypto app in Nigeria should support Nigeria’s local ￰7￱ should be able to seamlessly facilitate crypto-Naira transactions. 2.

Simplicity: A top crypto app in Nigeria should be easy to ￰8￱ user interface needs to be clean, intuitive, and ￰9￱ should be easy for anyone to figure out how to do basic functionality like sell and send crypto in a few minutes. 3. Speed: Transaction speed greatly improves a crypto app’s overall user ￰10￱ best apps need to have lightning fast payouts, often in less than 5 minutes. 4. Security: This is one of the most ￰11￱ are prevalent in the crypto industry so it is important that the crypto app is proven to be safe and secure. We’re talking about two-factor authentication, biometric logins, and a clear, transparent security ￰12￱ Support: When something goes wrong, you need to talk to a real ￰13￱ a ￰14￱ the clock customer support is ￰15￱ Top 7 Crypto Apps in Nigeria All that said, here are the top 7 crypto apps in the Nigerian market, with a focus on what they do best. 1.

Breet: Breet is an over-the-counter app, designed for one thing for converting your crypto to cash instantly. It’s rated as the best crypto to cash app in ￰16￱ P2P, no searching for buyers, and no ￰17￱ crypto to Naira. It's the cleanest, most direct route to convert crypto to Naira in ￰18￱ supports major cryptocurrencies like Bitcoin, Ethereum, Litecoin, USDT and multiple ￰19￱ focuses on speed and ￰20￱ just send your crypto to a wallet address, and within a few minutes, the Naira equivalent lands in your bank account. Breet's transactions are completed in under 287 ￰21￱ rates are transparent, and there are no hidden ￰22￱ has processed more than a billion transactions and has over 250,000 users.

Pros: Direct bank withdrawals in ￰23￱ fast, all transactions under 287 ￰24￱ fees ￰25￱ Card: Yellow Card is one of the most popular crypto apps in ￰26￱ Card is compliant to the Nigerian ￰27￱ supports a wide range of assets including Bitcoin, Ethereum, USDT, USDC, BNB, ADA, SOL, MATIC and ￰28￱ platform focuses on making crypto accessible for everyday Nigerians, with payment options that include direct bank transfers, mobile money, and USD ￰29￱ Card is not just a trading app, it also positions itself as a payments and remittance solution. Cons: No direct Naira withdrawals Relatively high withdrawal fees 3. Luno: Luno is one of the oldest crypto apps in ￰30￱ was established in 2013 and It is known for its simple and straight forward interface.

It's a platform for buying, selling, and storing cryptocurrencies on many different blockchains However, when it comes to naira cashouts, Luno is not the ￰31￱ withdrawals, which are powered by a third party, can take hours to days. Also, the platform's focus on simplicity means advanced trading features which experienced traders look out for are not ￰32￱ a newbie who just wants to buy a small amount of crypto and hold it, Luno is a good choice. Cons: Slow Naira withdrawals No advanced trading features 4. Quidax: Quidax is another crypto trading platform in ￰33￱ is the first crypto exchange in Nigeria to receive the provisional license from the SEC in ￰34￱ directly supports Naira-crypto transactions enabling Naira deposits and Naira ￰35￱ supports a wide range of cryptocurrencies and has the order book model for ￰36￱ makes it not ideal for complete beginners but may be perfect for more advanced traders or intermediate traders looking to ￰37￱ for more control over the trading process but it's not built for the singular purpose of instant conversion like Breet.

cons: Interface can get confusing for beginners Crypto-Naira conversations can take time 5. Roqqu: Roqqu is a popular crypto app in ￰38￱ currently over 1.4 million users, its popularity has been rising steadily because of its user friendly mobile app interface and relatively low ￰39￱ supports all the popular cryptocurrencies like Bitcoin, Ethereum, BNB and over a hundred ￰40￱ natively supports fiat currencies like NGN, EUR and ￰41￱ also has very good security features like 2FA, encrypted storage and device lock. Cons: Slower Naira cashouts Slow customer support. 6. Busha: Busha is another SEC licensed crypto ￰42￱ are marketed more as a crypto portfolio management platform for buying, selling and storing ￰43￱ has a recurring buy ￰44￱ is great for investors relying on automated dollar cost ￰45￱ is a good platform, but it operates as a standard exchange.

You're buying and selling on a market, which means the process isn't as direct as an OTC ￰46￱ also recently swapped out their agent based cashouts for a more automated system which greatly improved cashout speed. Cons: Limited number cryptocurrencies supported Occasional delayed deposits 7. Paxful: Paxful is a P2P crypto trading ￰47￱ offers functionality to buy crypto with almost anything including cash if you were willing to meet someone in ￰48￱ level of flexibility made it really popular. However, this also comes with all of the risks related to P2P ￰49￱ also briefly shut down in 2023 before making a comeback in 2024, and that break shook some users’ ￰50￱ experienced traders who know how to navigate P2P markets, it still has a ￰51￱ newcomers looking for something simple and guaranteed, it might not be the one.

Cons: Slow customer support. P2P risks Why is Breet the Best Crypto App in Nigeria? There are probably a thousand different ways to buy crypto in Nigeria and all are pretty ￰52￱ gap in crypto solutions in the region, however, exists with exchanging this crypto for Naira ￰53￱ is where Breet comes ￰54￱ many crypto apps, you have to perform numerous steps and interact with third ￰55￱ step increases the time taken and amount of fees to be ￰56￱ Breet, however, there are no fees and the entire process from crypto deposit to Naira in your bank takes 5 ￰57￱ is the fastest and most convenient crypto withdrawal solution in ￰58￱ These crypto apps in Nigeria all have something for ￰59￱ and Luno give beginners a safe entry ￰60￱ and Busha build around trading and portfolio ￰61￱ Card focuses on compliance, payments, and ￰62￱ facilitates P2P marketplaces for Nigerian ￰63￱ when it comes down to the real problem most Nigerians face, which is how to turn crypto into naira fast without stress and without scams, Breet owns that ￰64￱ doesn’t try to be ￰65￱ orderbooks, charts, risky P2P or waiting hours for ￰66￱ send crypto, you get naira in your bank account in minutes.

Disclaimer: This is a sponsored article and is for informational purposes ￰67￱ does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.