9 Best Crypto Exchanges in Nigeria 2024

Leverage up to 100 times on margin trading: Find the right balance between risk and profit by trading Bitcoin, Ethereum, EOS, and XRP perpetual contracts with leverage up to 50x, 100x, or more.

Multicurrency support: In ByBit, you can deposit, withdraw, and open positions in Bitcoin, Ethereum, EOS, XRP, and even USDT (for hedging, not trading). Convert cryptocurrencies with ease using the internal Asset Exchange feature.

No KYC required: There is no need to provide personal or private information on the platform.

24/7 customer support: Live chat and email support are available in multiple languages.

Cross collateral: A feature that allows users to borrow against another cryptocurrency by collateralizing their crypto assets.

Leaderboard: Users can view and follow the positions of the best traders on the platform using social networking and cryptocurrency trading.

Battle: Putting traders head-to-head in a battle to see who becomes the most profitable after a certain period of time.

Trigger order: Trading can be done in advance by selecting the trigger price, order price, and quantity. Upon reaching the trigger price, the system will place an order according to the amount and price set in advance (e.g., limit order).

Flash Close: Flash Close helps users place orders with the top 30 optimal prices based on BBO price orders. However, if any positions are not closing, the unfilled parts will convert automatically to limit orders. Flash Close avoids losses caused by unfilled orders when the market moves violently.

Limit order: Prices and quantities are specified by the trader. Users can place a limit order by specifying the highest price they are willing to pay or the lowest price they are willing to accept.

KCS: The exchange offers daily incentives to hold KuCoin Shares (KCS), which is its own native cryptocurrency. Owners of KCS automatically qualify for exclusive rewards and promotions, and it has lower trading fees than other currencies.

Customization: You can customize the system with an advanced application programming interface (API). The backend code can be customized to provide custom reporting, automation, and workflows tailored to your organization’s needs.

Security management: KuCoin takes steps to ensure the security of your investments. Your account is periodically reviewed by a team of security experts, closing any security gaps they find.

Margin trading: Users of Bitfinex have access to peer-to-peer margin funding that allows them to trade with up to 10x leverage. By entering an order, users can borrow the desired amount of funding at the rate and duration they choose, or by opening a position, Bitfinex will take out funding for them at the best rate available.

Derivatives: Traders can trade derivative products on the Derivatives Site to mitigate the volatility risk associated with digital tokens. The perpetual contracts are already available, and several derivative products are being developed.

Margin funding: By providing margin funding to traders wanting to leverage their trades, Bitfinex offers a secure way to earn interest on fiat and digital assets. A wide range of currencies and assets can be funded, at favorable rates and duration.

P2P trading: BitMEX encourages peer-to-peer trading (P2P) unlike many cryptocurrency exchanges. By eliminating the need to use third-party services to circumvent P2P restrictions, it streamlines the crypto trading process.

Perpetual contracts: Futures contracts are agreements to buy or sell currency at a predetermined price on a specific date. You can maintain flexible futures holdings with BitMEX's perpetual contracts. Futures contracts do not have expiration dates, so you can hold onto them for as long as you like.

Multi-factor security: BitMEX secures your transactions with Amazon Web Services (AWS). With multi-signature withdrawal authorization, two signatures are required to withdraw funds, while PGP encryption keeps your data secure.

Professional to novice educational resources: On OKX’s website, you can access dozens of beginner tutorials and videos under the “Learn” section. Additionally, OKX offers timely articles, industry analysis, and the chance to become a broker.

Daily Bitcoin earnings: As a reward for regular use of its mobile app, OKX has a unique loyalty program. A new “learning mission” is posted to the app daily, including a video or article to watch or read. Upon completing each task, the user receives 50 Satoshis, one Satoshi equals approximately 100 millionths of a Bitcoin. By earning 10,000 Satoshis, the user can convert the reward into an equal amount of Bitcoin, which can then be held, staked, or traded on OKX.

Anti-phishing code: Using OKX’s anti-phishing code, users can verify that emails are authentic and avoid phishing scams.

Mirror trading: There are free and paid options on the Cryptohopper marketplace. Essentially, you can copy the trading strategies of experts. You can purchase their templates, strategies, or signals. The templates include their selection of coins, configuration settings, etc. They are typically offered as a complement to strategies.

Automatic trading: Automated trading is the main feature of Cryptohopper and all trading bots. By implementing data and utilizing the strategies and configurations that you have pre-set, it tries to generate a profit by buying and selling cryptocurrencies. The automated trading system operates 24/7 and tracks all coins simultaneously, so it can execute trades instantly, while a human would likely miss it.

Trailing Stop Loss: Trailing stop loss, stop buy, and stop short are Cryptohopper’s trailing tools. Once you have profited by a certain amount, your hopper will turn on a stop loss. You can also sell an asset if it drops by a certain amount.

Advanced trading features: Kraken offers margin, stop orders, and crypto short sales, which aren't found on many other exchanges. Furthermore, it has something called a dark pool for high-volume investors. You can leverage a currency pair up to 5x and access up to $500,000 with margin using Kraken.

Strong staking option: Kraken also supports staking, which is a way to earn interest on your crypto holdings.

Security: Kraken takes security seriously. It was the first exchange to pass a Cryptocurrency Security Standard (CCSS) audit and is a partner in the first cryptocurrency bank.