Bitcoin companies in Nigeria ensure the smooth running of cryptocurrency transactions within the Nation.
When Bitcoin cryptocurrency hit the Nigerian market, it was welcomed with so much fanfare and excitement. Avid followers of the new cryptocurrency, although few, were all lined up to tap into what it had to offer.
Getting Bitcoins here in Nigeria proved much of a task as many interested followers of the cryptocurrency found it difficult purchasing from international merchants or sellers online.
That is no longer the case because today, we have startups in Nigeria, where you can purchase your Bitcoins at the global market rate without fear of getting defrauded.
In this article, we will be telling you about seven trusted Bitcoin companies in Nigeria you can purchase and transact with.
7 Bitcoin Companies in Nigeria
Here are a few bitcoin companies in Nigeria:
1. BuyCoins
First on our list of bitcoin startup in Nigeria is BuyCoins.
If you need a platform that lets you buy, sell, exchange, and store cryptocurrency effortlessly, Buycoins is the perfect fit for you. Created in 2017, The BuyCoins platform allowing Nigerians to trade Bitcoin, Litecoin, and Ethereum.
Since its inception, BuyCoins has attracted investment in the region of $120,000 from Y Combinator, Graphene Ventures, and Microtraction to help solidify its operations in the Nigerian market.
With BuyCoins, you can buy or sell within 5 minutes. All you need to do is simple.
- Sign up to BuyCoins to create account
- Verify your account
- Transact
BuyCoins has featured on high-quality blog platforms like TechCrunch, Quartz, Y Combinator blog, Konbini, and Bitcoin.com.
What sets BuyCoins apart from other Bitcoins startups in Nigeria is that it allows for peer-to-peer trading. What this means is that you can set your Price per Bitcoin for others on BuyCoins to buy or sell from you.
It also features an escrow platform that keeps your money secure when you transact with others on the platform.
When you transact directly with BuyCoins, there are no hidden charges while transacting with others on the platform attracts a service charge of 0.4%. This service charge is the best you can get in Nigeria, even Africa.
You can transact on the platform and make your deposits in Naira either via bank transfers or ATM Cards. The BuyCoins mobile app is available on both Android and iOS platforms. You can also access the platform via the website.
2. TripleJExchange
TripleJExchange is a digital assets exchange service founded in 2019 with a goal to revolutionize the Nigerian cryptocurrency market. With this platform, you can buy & sell Bitcoin with fiat currencies, gift cards, etc. You can also purchase data plans for mobile networks using Bitcoin. Isn’t that unbelievable?
TripleJExchange guarantees you the fastest transaction speed and one of the best cryptocurrency rates in the market.
The platform was set up with a mission to ease the process of exchange conversion so customers can have the assurance of a successful transaction with them.
The Lagos-based cryptocurrency exchange service prides itself on being “your loader’s loader,” meaning they are the platform your favorite cryptocurrency exchange service purchases from because of their sweet market rates.
On TripleJExchange, you can also exchange your excess airtime to cash
3. Cowrie Exchange
Next on our list of bitcoin companies, Nigeria is Cowrie Exchange.
This is a decentralized cryptocurrency exchange platform for users to buy, sell, and exchange cryptocurrencies such as Bitcoin, Litecoin, Altcoin, etc. The platform is available 24 hours daily, every day of the week, for instant conversion between fiat and crypto via bank transfer.
Cowrie Exchange created in 2018, integrates well with other crypto exchanges like Binance. With Cowrie Exchange, you can fund any crypto wallet directly from your bank account with ease.
Cowrie Exchange is a registered Fintech company in Nigeria and the UK that provide value-added services across electronic payment networks.
The Lagos-based cryptocurrency startup has also deployed NGNT, an asset-backed digital token that is pegged to the Nigerian Naira. The NGNT can be used to trade with other digital tokens in the global market.
The NGNT can be easily withdrawn from any wallet to your Nigerian bank account by simply providing your bank account details.
4. CoinSwapNG
CoinSwapNG is a Lagos-based cryptocurrency exchange startup that offers the fastest, cheapest, and most secure solutions to its customers.
With the best rates in town, arguably, their fast, cheap, and reliable service ensure that you get the best value for your money when you transact with them.
They also offer the lowest possible wholesale prices for small exchangers who want to buy and sell cryptocurrency.
Founded in 2016, the crypto exchange service lets you trade in Bitcoins, Bitcoin Cash, Litecoin, and Ethereum.
5. NairaEx
NairaEx launched operations in 2015, allowing users to trade the Naira for Bitcoin seamlessly. It launched with a mission to harness the power of Bitcoin to offer a stable and healthy monetary service to Nigerians interested in cryptocurrency.
The platform, which has over 130,000 active users and has carried out over 900,000 transactions, is one of the most popular bitcoin exchange platforms in the country.
NairaEx offers premium market rates to the ever-fluctuating Bitcoin rate. It also has a referral program that allows you to earn a commission when any of your referrals transact on the platform.
To transact on the NairaEx platform, all you have to do is:
- Sign up to create an account on the NairaEx platform
- Verify your bank account
- Make an order
- Payment is made in 4-12 hours
NairaEx supports Bitcoin, Litecoin, Ethereum & Bitcoin Cash.
6. Nairaswitch
If you’re new to cryptocurrency, Nairaswitch is the perfect place to start. It is the easiest and fastest place to buy and sell Bitcoin in Nigeria.
On the Nairaswitch platform, you can trade in Bitcoins, Bitcoin Cash, Ethereum, Perfect Money, and StableCoin NGN.
Nairaswitch offers competitive cryptocurrency exchange rates, which makes it a market leader in the Nigerian crypto sphere.
Nairaswitch boasts of a payment window of 90 minutes after initiating a transaction. Bank transfers are accepted as a form of payment on this platform.
7. NaijaCrypto
Not every cryptocurrency exchange platform has the right set up to help customers transact without stress. Unlike many digital asset exchange platforms in Nigeria, NaijaCrypto offers state-of-the-art services that make transactions easy.
NaijaCrypto remains a force to be reckoned with in the cryptocurrency environment, boasting of a secure and regulated trading platform. Their advanced blockchain exchange platform is fast and easy to use.
The platform takes security very seriously as it employs very reliable and effective security technology. NaijaCrypto enables Two-Factor Authentication for all its customers in addition to other security features designed to keep the system secure. The platform banks on an elastic multi-stage wallet strategy to guarantee the cold storage of the majority of funds.
Conclusion
The Bitcoin companies listed above all offer fantastic rates, which tend to be a deciding factor for many users. Before signing up with any of the above platforms, ensure you make a comparison with other platforms to know which one to go for.
If other Bitcoin companies in Nigeria failed to make our list, kindly leave us a comment below. We’ll like to hear from you.