Crypto Exchanges Nigeria

When you're looking for crypto exchanges Nigeria, online platforms where Nigerians buy, sell, and trade cryptocurrencies like Bitcoin, Ethereum, and stablecoins. Also known as Nigerian crypto trading platforms, these services let you turn naira into digital assets without banks. But not all of them are safe. Many shut down overnight, freeze withdrawals, or disappear with user funds. That’s why most Nigerians now avoid centralized exchanges and turn to P2P crypto Nigeria, peer-to-peer trading where buyers and sellers connect directly, often using mobile money or bank transfers instead.

Why? Because local banks often block transactions to big exchanges like Binance or Kraken. So traders use P2P crypto Nigeria, a system where individuals trade directly, using escrow services to protect both sides. It’s slower, but it works. You find someone willing to sell Bitcoin for naira, send the money, and get the crypto once they confirm. No middleman. No bank interference. And no surprise account freezes. This method became essential after Nigeria’s Central Bank banned banks from serving crypto businesses in 2021. The ban didn’t stop crypto—it just pushed it underground, where trust and reputation matter more than logos.

Some exchanges still operate in Nigeria, but they’re risky. Platforms like LocalTrade and PayCash Swap show up in search results, but they have zero reviews, fake volume, and reports of stolen funds. Even big names like Binance don’t officially support Nigeria anymore—they only allow P2P trading through their app. That’s the key difference: if a platform says it’s a full exchange with deposits and withdrawals, it’s likely a scam. If it says "P2P only," it’s probably the real deal. Always check user reviews, avoid platforms that ask for your private keys, and never send money before you get the crypto.

Regulators in Nigeria still don’t have clear rules, but they’re watching. The SEC has warned people about unregistered platforms, and the Central Bank keeps telling banks to cut ties. But people still trade—because crypto is the only way many can save money, send remittances, or start a business without waiting weeks for bank approvals. That’s why the real story isn’t about which exchange is the biggest. It’s about how ordinary Nigerians found a way to use crypto when the system failed them.

Below, you’ll find real reviews of platforms that actually work in Nigeria, deep dives into scams pretending to be exchanges, and guides on how to trade safely using P2P. No fluff. No hype. Just what you need to protect your money and get the crypto you’re looking for.