Best Crypto Exchanges in Nigeria (2026)
Compare the 36 crypto exchanges that accept residents of Nigeria, ranked by our score out of 100 across regulation, security, fees, assets, platform and support. Includes licensing status, proof of reserves, hack and regulatory history, and what the rules actually are in Nigeria.
Regulated in Nigeria.
The Investment and Securities Act 2025 brought digital assets formally under SEC oversight. As of early 2026 only a small number of platforms, notably Quidax and Busha, hold full licences, with more applications pending. The central bank lifted its banking restriction in December 2023. Binance faced significant legal difficulties here in 2024.
RegulatorSecurities and Exchange Commission
CurrencyNGN
StatusRegulated
Exchanges available36
Checked2026-08-21
Tax on crypto in Nigeria
Gains are taxable. Rules are still settling under the new Act. This is general information and not tax advice. Rules change and enforcement varies, so confirm your own position with a qualified adviser before filing.
Crypto exchanges available in Nigeria, ranked
36 of the 178 exchanges we score are available to residents of Nigeria according to their own published terms, and 5 of those hold a full MiCA CASP licence. Ranked by our score out of 100.
MSP Score /100:85+ Excellent70 to 84 Very good55 to 69 Fair<55 Caution
CO
#1
Founded 2012 · Remote first, United States · 250 plus assets
✓ Trusted reviews✓ MiCA authorised1 incident
Spot feefrom 0.60%
Assets250 plus
Available inNigeria
OK
#2
Founded 2017 · Seychelles, operations across Asia and Europe · 350 plus assets
~ Mixed reviews✓ MiCA authorisedProof of reserves2 incidents
Spot feefrom 0.10%
Assets350 plus
Available inNigeria
QU
#3
Founded 2018 · Nigeria · Varies assets
✓ Trusted reviewsClean record
Spot feeSee review
AssetsVaries
Available inNigeria
BI
#4
Founded 2018 · Seychelles · 800 plus assets
~ Mixed reviewsProof of reservesClean record
Spot feefrom 0.10%
Assets800 plus
Available inNigeria
CR
#5
Founded 2016 · Singapore · 350 plus assets
✓ Trusted reviews✓ MiCA authorisedProof of reserves1 incident
Spot feefrom 0.25%
Assets350 plus
Available inNigeria
VA
#6
Founded 2018 · Johannesburg, South Africa · 100 plus assets
✓ Trusted reviewsClean record
Spot feefrom 0.10%
Assets100 plus
Available inNigeria
BU
#7
Founded 2018 · Nigeria · Varies assets
✓ Trusted reviewsClean record
Spot feeSee review
AssetsVaries
Available inNigeria
ST
#8
Founded 2019 · United States · Varies assets
✓ Trusted reviewsClean record
Spot feeSee review
AssetsVaries
Available inNigeria
BY
#9
Founded 2018 · Dubai, United Arab Emirates · 600 plus assets
~ Mixed reviews✓ MiCA authorisedProof of reserves1 incident
Spot feefrom 0.10%
Assets600 plus
Available inNigeria
BI
#10
Founded 2017 · No stated global headquarters · 350 plus spot, plus the deepest derivatives book in crypto assets
~ Mixed reviewsProof of reserves3 incidents
Spot feefrom 0.10%
Assets350 plus spot, plus the deepest derivatives book in crypto
Available inNigeria
WH
#11
Founded 2018 · Lithuania · 400 plus assets
~ Mixed reviewsClean record
Spot feefrom 0.10%
Assets400 plus
Available inNigeria
ET
#12
Founded 2007 · Tel Aviv, Israel · 100 plus crypto, plus stocks and ETFs assets
✓ Trusted reviews✓ MiCA authorisedClean record
Spot feefrom 1%
Assets100 plus crypto, plus stocks and ETFs
Available inNigeria
BI
#13
Founded 2012 · British Virgin Islands · 170 plus assets
~ Mixed reviews1 incident
Spot feefrom 0.10%
Assets170 plus
Available inNigeria
GA
#14
Founded 2013 · Cayman Islands · 1,700 plus, one of the longest lists anywhere assets
~ Mixed reviewsProof of reserves1 incident
Spot feefrom 0.09%
Assets1,700 plus, one of the longest lists anywhere
Available inNigeria
YC
#15
Founded 2016 · Nigeria · Varies assets
~ Mixed reviewsClean record
Spot feeSee review
AssetsVaries
Available inNigeria
DE
#16
Founded 2016 · Dubai, United Arab Emirates · Bitcoin and Ethereum derivatives, not a spot exchange assets
✓ Trusted reviews1 incident
Spot feefrom 0.05%
AssetsBitcoin and Ethereum derivatives, not a spot exchange
Available inNigeria
LU
#17
Founded 2013 · London, United Kingdom · 30 plus assets
✓ Trusted reviewsClean record
Spot feeSee review
Assets30 plus
Available inNigeria
KU
#18
Founded 2017 · Seychelles · 900 plus, the longest list of any major venue assets
⚠ Review cautionProof of reserves2 incidents
Spot feefrom 0.10%
Assets900 plus, the longest list of any major venue
Available inNigeria
ME
#19
Founded 2018 · Seychelles · 2,700 plus, the longest list of any major venue assets
⚠ Review cautionProof of reservesClean record
Spot feefrom 0.00%
Assets2,700 plus, the longest list of any major venue
Available inNigeria
BL
#20
Founded 2011 · United Kingdom · Varies assets
~ Mixed reviewsClean record
Spot feeSee review
AssetsVaries
Available inNigeria
CC
#21
Founded 2018 · Nigeria · Varies assets
~ Mixed reviewsClean record
Spot feeSee review
AssetsVaries
Available inNigeria
CE
#22
Founded 2013 · London, United Kingdom · 100 plus assets
✓ Trusted reviewsClean record
Spot feeSee review
Assets100 plus
Available inNigeria
PI
#23
Founded 2019 · Singapore · 400 plus assets
~ Mixed reviewsClean record
Spot feefrom 0.05%
Assets400 plus
Available inNigeria
HT
#24
Founded 2013 · Seychelles · 700 plus assets
⚠ Review cautionProof of reserves2 incidents
Spot feefrom 0.20%
Assets700 plus
Available inNigeria
BI
#25
Founded 2018 · Singapore · 700 plus assets
⚠ Review caution1 incident
Spot feefrom 0.10%
Assets700 plus
Available inNigeria
PH
#26
Founded 2019 · Singapore · 400 plus assets
⚠ Review caution1 incident
Spot feefrom 0.01%
Assets400 plus
Available inNigeria
RO
#27
Founded 2019 · Nigeria · Varies assets
~ Mixed reviewsClean record
Spot feeSee review
AssetsVaries
Available inNigeria
BI
#28
Founded 2019 · Nigeria · Varies assets
~ Mixed reviewsClean record
Spot feeSee review
AssetsVaries
Available inNigeria
NA
#29
Founded 2015 · Nigeria · Varies assets
~ Mixed reviewsClean record
Spot feeSee review
AssetsVaries
Available inNigeria
BL
#30
Founded 2021 · Cayman Islands · 400 plus assets
⚠ Review cautionClean record
Spot feefrom 0.02%
Assets400 plus
Available inNigeria
BI
#31
Founded 2017 · Cayman Islands · 1,500 plus assets
⚠ Review caution1 incident
Spot feefrom 0.25%
Assets1,500 plus
Available inNigeria
LB
#32
Founded 2015 · Cayman Islands · 900 plus assets
⚠ Review cautionClean record
Spot feefrom 0.10%
Assets900 plus
Available inNigeria
TO
#33
Founded 2022 · Seychelles · 500 plus assets
⚠ Review cautionClean record
Spot feefrom 0.10%
Assets500 plus
Available inNigeria
BI
#34
Founded 2018 · Singapore · 700 plus assets
⚠ Review caution2 incidents
Spot feefrom 0.098%
Assets700 plus
Available inNigeria
RE
#35
Founded 2016 · Vietnam · Varies assets
~ Mixed reviews1 incident
Spot feeSee review
AssetsVaries
Available inNigeria
BI
#36
Founded 2014 · Seychelles · Derivatives focused assets
⚠ Review caution⚠ Closing 23 Sep 20262 incidents
Spot feeSee review
AssetsDerivatives focused
Available inNigeria
Common questions
What is the best crypto exchange in Nigeria?
Based on our scoring, the highest rated exchanges available to residents of Nigeria are Coinbase, OKX, Quidax. The right choice depends on whether you value regulation, fees or asset coverage most. Every score is broken down on the exchange's own page, and you should confirm you are accepted on their site before depositing.
Is crypto legal in Nigeria?
Crypto is legal here and exchanges are supervised. The Investment and Securities Act 2025 brought digital assets formally under SEC oversight. As of early 2026 only a small number of platforms, notably Quidax and Busha, hold full licences, with more applications pending. The central bank lifted its banking restriction in December 2023. Binance faced significant legal difficulties here in 2024.
Do I pay tax on crypto in Nigeria?
Gains are taxable. Rules are still settling under the new Act. This is general information rather than tax advice, and you should confirm your own position with a qualified adviser.
Which regulator oversees crypto exchanges in Nigeria?
Securities and Exchange Commission. Rules change quickly, so check the regulator's own register before trusting any platform's claim to be licensed.
Other countries
See all 178 exchanges compared →
Risk warning:
crypto assets are highly volatile and largely unregulated. You can lose everything you put in.
Nothing here is financial, investment or tax advice. Availability and rules change constantly, so
always confirm on the exchange's own site and with your own regulator before depositing.
