The average Nigerian youth knows and talks about cryptocurrency, and the truth is it’s not just a buzzword. In 2024, Nigeria was ranked second in global crypto adoption by Chainalysis. Thankfully, as of April 2025, cryptocurrency is now legally recognised as a digital asset by the Nigerian government.
Now that crypto is legal in the country, it is gaining more traction, and more people are transacting digitally. Crypto users need secure and reliable platforms to buy crypto and sell crypto for Naira easily.
Still, there are issues with safely converting cryptocurrency to Naira. Additional charges and transaction delays, for instance, can make the entire process frustrating. So in this piece, we’ll examine:
The top 5 crypto trading platforms in Nigeria
Important considerations to guide your decision to choose the best crypto platform that meets your needs, like fees, speed, security, and payment options
An in-depth comparison of the listed platforms
Let’s get into it!
Top 5 Platforms to Exchange Crypto in Nigeria
There are many cryptocurrency exchange platforms in Nigeria, each with its own peculiarities. Based on research, we’ve compiled a list of five of the best platforms you can use to sell your crypto for Naira. They are:
Nosh
Nairaex
Changelly
Paxful
OKX
1. Nosh
Nosh, also called Usenosh, is a gift card trading and digital payments platform in Nigeria and Ghana. The platform provides a wide array of financial services, and this includes crypto to Naira conversion. With Nosh, you can securely and easily sell Bitcoin (BTC) in Nigeria, as well as Litecoin (LTC), and Dogecoin (DOGE).
Fees:
Nosh charges no fees for crypto-to-cash transactions. The rate displayed on their calculator is exactly what you’ll receive.
Pros:
Direct & Speedy Transactions: Nosh eliminates the hassle of P2P exchanges or intermediaries. Once you transfer your crypto to your Nosh wallet, the platform automatically converts it to Naira. The moment the blockchain confirms your transaction, your Naira balance is credited immediately.
Instant Bank Withdrawals: Moving money from your Nosh Naira wallet to your bank account is fast and simple. You can easily withdraw to your linked bank account with one tap or add new account details.
User-Friendly Experience: The app has an intuitive interface that ensures both seasoned traders and beginners can navigate it with ease.
Real-Time Rate Calculator: Always know what you’re getting before you sell your crypto. Use Nosh’s rate calculator to check the exact amount you’ll receive in Naira.
High Security: With robust KYC verification and advanced encryption, Nosh prioritizes the safety of your funds and personal data. You can also protect your account by enabling Two-Factor Authentication.
Limitations:
Currently, you can only sell Bitcoin, Litecoin and Dogecoin for Naira on Nosh.
2. NairaEx
NairaEx is a cryptocurrency exchange in Nigeria that allows users to buy cryptocurrency with ease. You can trade crypto like Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH) and Litecoin(LTC) for Nigerian Naira (LTC).
Fees:
NairaEx incorporates fees into its exchange rates, resulting in slightly higher buy rates compared to other major exchanges. Additionally, Bitcoin withdrawals to external wallets incur network transaction fees.
Pros:
Supports NGN transactions.
Instant exchange services.
Local customer support.
Cons:
Limited selection of cryptocurrencies.
Fees are embedded in exchange rates, which may not be transparent to all users.
3. Changelly
Changelly is a crypto exchange service that allows its users to buy, sell, and swap different kinds of cryptocurrencies. Its services extend to Nigeria, allowing active traders there to buy cryptocurrencies with payment methods like credit/debit cards and bank transfers.
Fees:
Crypto-to-Crypto Exchanges: Changelly charges a fixed service fee of 0.25%.
Fiat to Crypto Exchange: The fees for purchasing in fiat currencies (such as USD or NGN) start at about 3.95%. The currency you select and the method of payment, such as a bank transfer or credit card, determine the exact rate.
Pros:
It accepts more than 200 cryptocurrencies.
It comes with an easy-to-use interface that is perfect for people new to crypto trading.
Changelly provides fast transactions.
Cons:
Higher fees for fiat transactions.
It does not allow users to cash out directly using NGN; they may need to use third-party services to do so.
4. Paxful
Paxful is one of the top peer-to-peer cryptocurrency trading platforms, providing a way to pay that suits your preferences, whether you choose to use mobile money, gift cards, or bank transfers. It’s among the most reliable platforms, particularly if you want flexibility and control.
Fees:
Buyers: Paxful does not charge fees.
Sellers: All sales of digital assets are subject to a 1% service fee.
Pros:
It gives users several payment options to choose from.
The platform is easy to use.
Cons:
The peer-to-peer nature may expose users to potential scams if not cautious.
Speed of transaction is tied to how quick you find a buyer and how soon the buyer responds.
Searching for a buyer with the best rates can cause delays.
5. OKX
OKX is a global cryptocurrency exchange that provides access to crypto trading options, including spot and futures trading. However, while OKX provides the opportunity to trade thousands of cryptocurrencies, spot trading pairs with the Nigerian Naira (NGN) are not yet available.
Fees:
Spot Trading: Maker fees start at 0.08%, and taker fees at 0.1%.
Deposits/Withdrawals: No fees for crypto deposits or withdrawals, though standard network fees apply.
Pros:
It comes with advanced trading features that experienced traders will appreciate.
It helps you save more money on every trade by providing a competitive cost structure.
