Top 5 Apps to Sell Crypto to Naira
Let’s be honest, purchasing crypto can be a very daunting task and more so with the ever-changing governmental policies in Nigeria making it harder, especially for beginners who do not understand how cryptocurrency works.
If you go to places like Binance, Bybit, and some other popular crypto exchange platforms, you’ll notice that it is near impossible to navigate through it and this is majorly due to the user interface been jampacked with loads of information thereby giving users a really poor experience.
The good news however is that there are some cryptocurrency applications that offer simpler user interfaces giving users — including complete newbies — the opportunity to sell cryptocurrency assets with the naira directly to their bank accounts.
It is worth noting that popular cryptocurrency platforms such as Binance, Kucoin, and Bybit does have an option for Fiat deposit and at some point, users could deposit the Naira but due to some regulations, it became impossible for that to happen thereby causing Nigerian cards to stop working on these platforms.
Well, it’s not for “Boys” honestly because “Men” have taken over.
Below is a list — in descending order — of top 5 cryptocurrency application that provide users the ability to purchase crypto in Naira or easily convert their crypto assets to Naira and withdraw without any hassle:
1. Pikka
Pikka is a leading cryptocurrency exchange platform in Africa offering a secure and user-friendly environment for trading and managing digital assets. Pikka was Founded with the mission of simplifying cryptocurrency for everyone and continues to be a trusted partner for users and businesses across Africa and beyond.
Pikka was granted provisional licenses by the Nigerian Securities and Exchange Commission (SEC) to operate as a regulated Digital Assets Exchange. The approval slated under the SEC’s Accelerated Regulatory Incubation Program positions Pikka as a key player in facilitating secure, compliant transactions in Nigeria.
facilitates the purchase of crypto assets like Bitcoin, Ethereum, and USDT with the naira. The minimum purchase amount for Bitcoin, Ethereum, and other cryptocurrencies is 250 Naira when using the instant buy feature.
2. Bitmama
Bitmama is a crypto trading platform built solely to facilitate the purchase of crypto assets with local currencies like Naira. Bitmama is the best cryptocurrency trading platform to buy and sell Bitcoin in Nigeria securely using local currency.
The platform operates in over 100 countries allowing its users to buy in crypto in USD, NGN, GHS, ZAR, EUR, and GBP.
Bitcoin and other crypto assets can be bought directly on Bitmama, or converted from supported fiat or other digital currencies in the platform’s cryptocurrency conversion service.
Bitcoin can also be sold on Bitmama and proceeds earned in Naira in Nigeria.
3. Quidax
Quidax is a cryptocurrency exchange that allows users to buy, sell, store, and send cryptocurrencies. The exchange was founded by Buchi Okoro in 2017 and the exchange offers its services to Nigeria and Ghana in West Africa.
According to Crunchbase, the exchange operates in Europe, the Middle East, and Africa and has about 100 team members.
Quidax offers a variety of products and services which include Cryptocurrency wallets for all listed cryptocurrencies, USD savings with Up to 10% interest paid daily on USD savings, OTC desk to Buy and sell crypto NFTs, DeFi, and CeFi, API to Build cryptocurrency apps and Instant swaps. It also allows its users to buy crypto assets with naira via debit cards or
bank transfers.
Quidax is among the two crypto exchanges granted an Approval in Principle by the Nigerian Securities and Exchange Commission.
4. Yellow Card
Yellow Card is a pan-African Fintech company operating across 20 countries with heavy footprints in Africa.
Yellow Card is the largest and first licensed Stablecoin on-ramp/off-ramp on the African continent. Yellow card provide businesses of all sizes with secure and cost-effective methods to buy and sell USDT, USDC, and PYUSD via their local currency directly and through its Payments API.
In Nigeria, Crypto assets can be bought with Naira via Yellow card. The feature offers the users the option of buying crypto via Bank transfer.
It is to be noted that Yellow Card’s wallet feature in Nigeria is limited to only Bitcoin, USDT, and PYUSD.
5. ChangeNow
ChangeNow is a crypto exchange with one of the highest reviews on Google and Trustpilot. ChangeNow is a beginner-friendly instant cryptocurrency exchange platform that allows users to buy and sell cryptocurrencies in local currency.
ChangeNow offers users the opportunity to buy Bitcoin and other crypto assets in Naira using a credit or debit card.
You can also sell Bitcoin in Nigeria or exchange Bitcoin to Naira with the help of crypto exchange services like ChangeNow.
ChangeNow has one of the highest ratings on Google and Trustpilot. It has 9,726 reviews on Google while rated 4.8 out of 5. On Trustpilot, it has 10,530 reviews.
It is also ranked above Quidax and Busha on Google for the search word apps to buy crypto using naira.
Pikka makes it to the top of the list as it majorly focuses its operation on the selling of all kinds of cryptocurrencies to Naira as well as making this process very seamless.
