Best Apps to Buy and Sell Bitcoin in Nigeria in 2026

What is Bitcoin & How People Buy and Sell It in Nigeria

What is Bitcoin?

Bitcoin is a digital money (cryptocurrency). It is not printed like paper money. It lives online. People use special keys (like secret codes) to own and move Bitcoin. Bitcoin works without a central bank. Instead, many computers around the world check its transactions. That system is called blockchain.

How People Buy and Sell Bitcoin in Nigeria

Buying means you pay Naira or other money to get Bitcoin.
Selling means you give away Bitcoin to get Naira or other money.
There are many ways:
1. Crypto Exchanges – apps or websites where you create account, verify identity (KYC), deposit money, then buy/sell Bitcoin.
2. P2P (Peer‑to‑Peer) platforms – you trade directly with other people. The app helps and often holds the funds (escrow) until both sides complete the trade.
3. OTC (Over‑The‑Counter) trades – usually for large amounts, direct negotiation, sometimes within apps.
Payment methods: bank transfer, mobile money, debit/credit cards, USSD, and sometimes gift cards or cash.
Security is important: identity verification, 2‑factor authentication, safe wallets, staying alert for scams.

What to Look for in a Good Bitcoin App

Before choosing an app, check these features. They matter for safety, cost, speed, and ease.

Safety & Regulation

Does the app require KYC (Know Your Customer)?
Does it use 2‑factor authentication (2FA)?
Does it hold funds in cold wallets or safe storage?
Is it licensed or regulated by Nigerian authorities or respected bodies?

Payment Methods & Currency Support

Can you deposit Naira easily using bank transfer, debit card, mobile money?
Can you withdraw Naira from the app to your Nigerian bank?
Are fees for deposit/withdrawal transparent?

Fees, Exchange Rates & Rates Spread

What is the trading fee? (Buying or selling)
What is the spread? (Difference between buy price and sell price)
Are there hidden charges (like deposit fees, withdrawal fees, network fees)?

App Usability & Support

Is the app easy to use for beginners (students, working people)?
Does it have Android & iOS versions?
Is customer support good (chat, email, local support)?
Are there educational resources (guides, videos) inside the app?

Speed & Liquidity

How fast is verification (KYC)?
How quickly can you buy or sell? Minutes or hours?
How many users or how much trading volume (liquidity)? More users means easier trades and better prices.

Top Bitcoin Buying & Selling Apps in Nigeria in 2026

Here are some of the best apps you can use in 2026 to buy and sell Bitcoin in Nigeria. Each has strengths. You can choose based on what matters most to you (low fees? speed? safety? local support?).

App	What It Is / Main Feature	Best For	How It Buys & Sells Bitcoin

Binance (P2P & Exchange)

What It Is: A large global cryptocurrency exchange. It also has a Peer‑to‑Peer (P2P) marketplace where users in Nigeria can buy/sell Bitcoin directly.
Best For: People who want many options, good liquidity, and fairly low fees.
How It Works: You make an account, verify identity, deposit Naira or crypto, and either buy from Binance or another user. When selling, pick buyer, use escrow, get paid via bank/mobile money.

Paxful

What It Is: P2P marketplace, many payment methods.
Best For: Users who prefer flexible payment methods (gift cards, bank transfer, etc.), smaller amounts.
How It Works: Find someone selling or buying Bitcoin, agree price and payment method, trade through the app. Funds are held until trade is confirmed.

Luno

What It Is: A simple crypto‑exchange and wallet service. Good for beginners.
Best For: Students or first‑time users who want less confusion.
How It Works: You buy Bitcoin directly from Luno at its listed market price. If selling, you sell back to Luno or through wallet to get Naira.

Quidax

What It Is: A Nigerian‑based crypto exchange.
Best For: Local features, good naira support, local bank transfer.
How It Works: Deposit Naira or other deposit options, buy Bitcoin, hold or sell when ready. Withdraw to bank.

Busha

What It Is: Local exchange with focus on Africa/Nigeria.
Best For: Users who want an app built for Nigeria, good customer support inside Nigeria.
How It Works: Use the app to buy/sell crypto directly, move in/out of Naira, withdraw to bank.

Breet

What It Is: A fast app which allows automated conversion (OTC style) between crypto and Naira.
Best For: Those wanting fast settlement, fewer manual trades.
How It Works: Convert Bitcoin to Naira through app directly, often with minimal delay.

Ridima & Koyn

What They Are: Nigerian platforms focused on Bitcoin & crypto trading with good rates.
Best For: People who care about rate vs speed and local presence.
How They Work: Similar to exchanges: verify identity, deposit, trading, withdrawal.

Remitano

What It Is: P2P exchange with escrow.
Best For: Trusting platform, many users, multiple payment options.
How It Works: Buyer/seller meet via the app, escrow holds Bitcoin until payment confirmed.

NairaEx

What It Is: One of older, trusted Nigerian exchange apps.
Best For: People who want a local company with established reputation.
How It Works: Deposit to your account, buy Bitcoin, and sell when you want, then withdraw Naira.

Bundle Africa

What It Is: A social‑style finance & crypto app in Nigeria and other African countries.
Best For: People who want simple crypto & wallet, small amounts, local community support.
How It Works: Buy Bitcoin in app, hold or sell, withdraw.

How to Use These Apps — Step‑by‑Step Guide

Here is a rough guide you can follow. Steps may differ slightly between apps, but pattern is similar.

Step 1 – Download & Register

Go to Google Play Store or Apple App Store (or official website).
Download the app.
Open app, create account (email or phone number).

Step 2 – KYC / Identity Verification

Provide your name, address, sometimes photo of National ID, passport, driver’s license.
Wait for verification. It may take minutes to hours or more.

Step 3 – Deposit Naira or Funds

Use bank transfer, mobile money, debit/credit card, etc.
Some apps require you to fund your wallet before buying.

Step 4 – Buy Bitcoin

Choose “Buy Bitcoin” or “Trade” menu.
Select desired amount in Naira or USD equivalent.
Choose payment method if relevant.
Confirm fee and price.
Execute purchase.

Step 5 – Hold or Sell

You can hold Bitcoin in app wallet or move to another wallet.
When you want to sell: choose “Sell Bitcoin”, select buyer (P2P) or sell to exchange, confirm price.

Step 6 – Withdraw Naira to Bank

After sale, proceeds are usually in your app wallet.
Then withdraw to your bank account or mobile wallet.
Confirm bank charges, app fees, delays.

Comparison Table: Key Features of Top Apps (2026)

Here is a summary table comparing important features of top Bitcoin buying/selling apps in Nigeria.

App	Verification Time	Deposit Methods (Naira)	Withdrawal to Bank	Fees & Rates	Security (2FA, cold store)	Best Use Case
Binance P2P	~ minutes to hours	Bank transfer, debit/credit, mobile money	Yes	Low trading fee; spread depends on user offers	Very good; escrow; 2FA	Good for both buyers & sellers needing liquidity
Paxful	Minutes‑hours	Bank transfer; gift cards; mobile wallets	Yes	Varies per seller; sometimes higher spread	Escrow; reputation system	Flexible payment options
Luno	Hours	Debit card; bank transfer	Yes	Moderate fees; transparent	Good security; beginner friendly	Best for beginners
Quidax	Hours	Local bank transfer; cards	Yes	Competitive local fees	Good security practices	Local Nigeria focus
Busha	Hours	Bank transfer, cards	Yes	Reasonable fees; local rates	Secure; support	Local user support and ease of use
Breet	Very fast	Multiple deposit methods	Yes	Low ‑ minimal fees; fast rates	Good security	Fast sell / conversion OTC style
Ridima / Koyn	Hours	Bank, cards, mobile money	Yes	Good rates; competitive	Local regulation; security matters	For users comparing rates locally
Remitano	Minutes‑hours	Bank transfer; other options	Yes	Small fee; spread in P2P trades	Escrow; strong community trust	Many payment options; trusted platform
NairaEx	Hours	Bank deposit; other local options	Yes	Slightly higher for some methods; trustworthy	Good for locals; older platform	For those who want older trusted options
Bundle Africa	Fast	Bank transfer; mobile wallet	Yes	Smaller volumes; simple fees	Secure; social features	For users with small trades; simple UX

Pros and Cons of Using These Apps

Here are general advantages and disadvantages of using crypto apps in Nigeria. Also specific pros/cons for some apps.

General Pros

Accessibility: Anyone with phone & internet can join.
Earning & Investment: You can invest in Bitcoin; value may grow.
Fast Transactions: Many apps allow near‑instant buy/sell.
Variety of Payment Methods: Depending on app, you can use bank transfer, cards, mobile money.

General Cons

Volatility: Bitcoin price changes quickly. Value can go up or down a lot.
Fees and Hidden Costs: Some apps have high spread, high withdrawal fees, or slow bank transfer charges.
Scams / Fraud Risk: In P2P, a dishonest user can cheat if you’re not careful.
Regulation Uncertainty: Nigeria’s rules on cryptocurrency may change. That might affect apps or your funds.

Pros & Cons of Specific Apps (Examples)

App	Pros	Cons
Binance	Huge liquidity; many users; many payment options; relatively low fees	Interface can be confusing for beginners; P2P requires careful checking of buyer/seller; sometimes delays withdrawing Naira depending on bank
Paxful	Very flexible payment; many options like gift cards; strong reputation system	Some sellers charge high spreads; potential for scams if you don’t check; fees depend on payment method and user
Luno	Simple UI; good for beginners; reliable security	Fewer payment choices; may have higher fees for cards; support might be slower sometimes
Quidax	Local focus; good Naira support; trusted for small and medium trades	Liquidity might be lower; spread may be larger if demand is low; maybe fewer offers in P2P style
Breet	Fast conversion; good local rates; likely fewer steps	Might not have full trading tools; lower flexibility for some payment types; app newer, so risk of bugs or limited features
Ridima / Koyn	Competitive rates; local support; possibly better offers for Nigerians	Might require more verification; less known outside Nigeria; fewer global features
Remitano	Strong P2P escrow; many users; lots of payment options	Spread can vary; fees for certain payment methods; customer support may lag during busy periods
NairaEx	Established local presence; trust; known by Nigerian users	Slower deposits/withdrawals for some methods; maybe higher minimums; fewer cutting‑edge features

Frequently Asked Questions (FAQ)

Here are common questions people ask, with simple answers.

What is “P2P trading” in Bitcoin apps?
Peer‑to‑Peer means you trade directly with another person using the app. The app helps by holding funds in escrow until both sides complete their part (you send money, they send Bitcoin). This lowers risk.
Are these apps legal in Nigeria?
Many operate legally, but regulation around cryptocurrency in Nigeria is still evolving. You must follow local laws. Using regulated platforms, following KYC, and paying taxes (if required) helps stay safe.
How much does it cost to buy or sell Bitcoin in Nigeria?
Costs include trading fees, spread (difference between buy and sell price), deposit fees, withdrawal fees, possibly bank charges. These vary between apps. Always check the fees in app before trading.
How quickly can I get my Naira after selling Bitcoin?
It depends. If you use P2P with bank transfer, might take from a few minutes to hours. If verification or bank delays, maybe up to 1‑2 days. OTC styles (like Breet) can be faster.
Do I need to verify my identity (KYC)?
Yes. Most good apps require KYC for buying, selling, withdrawing. That means showing ID, taking photo, sometimes proof of address. It keeps you safe from fraud.
What is the safest way to store Bitcoin?
After buying, you can leave it in the app wallet or move to external wallet (software or hardware) where you control the private keys. Use 2FA, strong password, backup your seed phrase.
What is “spread” and why does it matter?
Spread = difference between buy price and sell price. If spread is large, you lose money when buying then selling. Good apps have low spreads.
Can I use my debit or credit card?
Many apps allow card payments, but they may charge extra fees. Some payment methods are limited for security or regulatory reasons.
Can I trade small amounts of Bitcoin?
Yes. Most apps allow small trades (like a few Naira or small dollar equivalents). But sometimes minimum transaction limits apply.
How do I avoid scams when buying/selling Bitcoin?
- Use apps with escrow features.
- Only trade with verified users.
- Check feedback / reputation of buyer/seller.
- Never share private keys or ask for payment before confirming Bitcoin.
- Start with small amounts to test.
What if I need to convert Bitcoin to Naira in emergencies?
Pick apps with high liquidity (Binance, Paxful, etc.), or OTC style ones, or ones with many buyers. That way you can sell quickly at a decent rate.

Summary Table Before Conclusion

Here is a summary table to help you pick quickly:

Your Priority	Best App(s) to Choose	Why It’s Good
Low fees & best rates	Binance P2P, Breet, Ridima	Large user base, less spread, competitive offers
Many payment methods (banks, gift cards, etc.)	Paxful, Remitano, Binance P2P	Flexibility to pay as you like
Local / Nigeria‑focused app & support	Quidax, Busha, NairaEx, Ridima, Koyn	Local customer service; support for local banks
Fast selling and withdrawing to Naira	Breet, Binance P2P, Quidax	Faster settlement; OTC or good P2P liquidity
Beginner‑friendly & simple interface	Luno, Busha, Bundle Africa	Clean UI, easy process, good guides
Strong security & trust	Binance, Luno, Remitano, Breet	2FA, escrow, cold storage, local regulation where applicable

Conclusion

In 2026, Nigerians have several good options to buy and sell Bitcoin. The best app for you depends on what you value:

If you want lowest cost and best rates, platforms like Binance P2P, Breet, and Ridima are strong picks.
If you need flexible payment options (bank transfer, cards, mobile money, gift cards), Paxful and Remitano shine.
If you prefer simplicity and local support, Quidax, Busha, and Luno are great.