According to Business Insider Africa, Nigeria was ranked the number one country in the world for cryptocurrency usage and ownership between 2019 and 2022. Hence, this is not surprising, as many young people are involved in this. However, the challenge for most people is finding the best platform to trade their cryptocurrency.
In this article, I will highlight the top five sites to trade cryptocurrency in Nigeria and explain why each platform stands out. Follow closely.
Best Five Places to Trade Your Cryptocurrency in Nigeria
Here are the best five places to trade your cryptocurrencies in Nigeria;
Ridima
Ridima has consistently impressed its customers with outstanding gift card exchange services in the last couple of years. Nevertheless, due to popular demand from a lot of satisfied customers, Ridima has gone crypto. This means you can now trade your Bitcoin and other cryptocurrency for Naira within seconds.
It gets more interesting because Ridima offers the highest rate for cryptocurrency exchange in Nigeria. The easy-to-use app helps users determine the worth of their crypto token before they exchange it. It is undoubtedly the leading cryptocurrency exchange platform in Nigeria.
Koyn
Koyn is another great trading platform for your cryptocurrency. Similar to Ridima, Koyn provides fast payouts for their customers. This means you can exchange your cryptocurrency for cash within 10 minutes.
Another great reason to consider Koyn is that it allows users to pay their bills like Ridima. You don’t have to worry about any trading fee, as it is completely free. Finally, their customer support is around the clock.
Paxful App
The Paxful app is one of the biggest exchange platforms in Nigeria. Users can enjoy up to 300 methods of payment. However, the app only trades Bitcoins, and it is strictly available via P2P.
Binance
Binance is one of the biggest exchange platforms in the world. Nigerians employ the P2P exchange structure on Binance to trade Bitcoins and cryptocurrency. However, users pay a minimum fee to complete their transactions.
Presmit
Presmit is another great app for trading cryptocurrency in Nigeria. Download their Android or iPhone app to get started. The app allows you to convert your Bitcoin and other tokens.
Why Ridima is the leading Exchange Platform In Nigeria
Here are some of the top reasons Ridima is the leading platform to trade your cryptocurrency in Nigeria;
High rates
Everyone wants maximum reward for their investment, and that’s why Ridima offers the highest rate for Bitcoin and other cryptocurrencies in Nigeria. You can know how much your token is worth before you complete the transaction.
Fast payout
How about you get your money within seconds? That’s so timely. Ridima stands tall among other competitors in that you can convert your crypto to Naira in seconds. Your first time may take about 3 minutes because of the first-time (and only-time) wallet generation. Subsequently, you only need 60 seconds to get your Naira.
Easy-to-use interface
Ridima is not new to this exchange; we are the best platform for trading gift cards in Nigeria. We know what our customers want, and as such, our app has an easy-to-use interface. Users can easily navigate through the app to trade their Bitcoin or other cryptocurrencies.
Optimum Security
Do you know that Ridima goes through three phases to ensure every transaction is safe? Yes, that means customers don’t have to worry about scams, hacks, or fraudulent transactions. Security is 100% or nothing.
Approved and attested
Ridima has been approved and attested as the best trading platform for converting cryptocurrency to Naira. This shows how much trust users can have in this platform. There is nothing to worry about; you are in safe hands.
Top-notch customer support
At Ridima, we always want our customers to have the best experience. As such, we provide high-quality customer support to answer their questions and resolve their challenges. More so, this support is 24/7.
How to trade your Cryptocurrency for Naira in Seconds
You can convert your cryptocurrency into Naira within seconds. See the process below;
- Download the Ridima App from the App Store or Play Store.
- Open the Ridima App.
- Go to the menu on the app.
- Click on the Trade Digital Assets button.
- Click on Sell and indicate the cryptocurrency you want to exchange.
- In this case, choose the cryptocurrency you want to convert.
- If it is Bitcoin, select Bitcoin as the cryptocurrency.
- Generate your permanent wallet address (This is a one-time action for all future actions).
- View the current exchange rate to know the worth of your Bitcoin.
- Confirm if you are satisfied with the rate.
- Upon satisfaction, send your cryptocurrency from your external wallet to your just-generated Ridima wallet address.
- Wait for our three security confirmation processes. This process can take a few minutes to ensure optimum accuracy and security of your transaction.
- Upon confirmation, you will receive the naira equivalent of your transaction in your Ridima Naira wallet.
- You can withdraw the Naira or sort out your bills via the Ridima app.
Conclusion
Trade with Ridima and enjoy the highest rate for your cryptocurrency in Nigeria. You will also get your Naira within minutes. What else are you waiting for? Get started today.
