Purchasing cryptocurrency in Nigeria can be challenging, especially for beginners. Many new users find platforms like Binance and Bybit complicated, making it difficult to navigate the crypto landscape. Fortunately, there are several user-friendly apps designed to help individuals buy crypto easily using the Naira. Here are the top five apps that simplify the process:
1. Quidax
Quidax is a popular cryptocurrency exchange founded by Buchi Okoro in 2017. It operates primarily in Nigeria and Ghana and has expanded its services to the broader European and Middle Eastern markets. Quidax allows users to buy, sell, store, and send cryptocurrencies easily. It supports transactions using Naira via debit cards or bank transfers. Additionally, Quidax is fully licensed by the Nigerian Securities and Exchange Commission (SEC), ensuring regulatory compliance. The platform also offers features like cryptocurrency wallets and an OTC desk for trading NFTs and DeFi products.
2. Yellow Card
Yellow Card is a pan-African fintech company that operates in over 20 countries. It offers a secure and cost-effective way to buy and sell cryptocurrencies like USDT, USDC, and PYUSD using local currency. In Nigeria, users can purchase crypto through bank transfers via the Yellow Card app. While its wallet feature is primarily limited to Bitcoin, USDT, and PYUSD, Yellow Card is the first licensed stablecoin on-ramp/off-ramp on the continent.
3. Busha
Busha is another leading cryptocurrency platform in Africa that focuses on simplicity and user-friendliness. It has received one of the first provisional licenses from the SEC to operate as a regulated digital assets exchange in Nigeria. Busha allows users to purchase major cryptocurrencies like Bitcoin, Ethereum, and USDT starting with a minimum amount of just 250 Naira. The platform also supports the purchase of popular meme coins, making it a versatile choice for crypto enthusiasts.
4. Bitmama
Bitmama stands out as a platform specifically designed for purchasing crypto assets using local currencies like Naira. It is recognized as a reliable trading platform within Nigeria, allowing users to buy and sell Bitcoin and other cryptocurrencies seamlessly. Bitmama also offers conversion services, enabling users to switch supported fiat currencies to crypto easily. This platform operates in over 100 countries, providing a solid option for those wanting to enter the crypto market securely.
5. ChangeNow
ChangeNow is known for its excellent user ratings on platforms like Google and Trustpilot. It offers an instant cryptocurrency exchange where users can buy and sell cryptocurrencies, including Bitcoin, using their local currency. Known for its simplicity, ChangeNow allows users to transact with credit or debit cards. With thousands of positive reviews and a high rating, it is a trusted option for beginners looking to dive into cryptocurrency.
These apps provide excellent opportunities for Nigerians to engage with cryptocurrency markets. With their user-friendly interfaces, they make it easier for newcomers to buy crypto assets directly with Naira. As Nigeria’s crypto market continues to grow, these platforms are paving the way for broader access to digital currencies, catering specifically to the needs of local users. For more updates on cryptocurrency and financial news, stay tuned.
