10 Best P2P Crypto Exchanges in Nigeria for Traders

Today, we’ll discuss the best p2p crypto exchanges in Nigeria.

A popular method of exchanging cryptocurrencies for fiat/local currency is peer-to-peer trade.

Peer-to-peer transactions include two people: one is the seller, and the other is the buyer, as the name implies.

On a P2P exchange, the seller exchanges the cryptocurrency for a local currency paid by the buyer.

Best P2P crypto exchanges in Nigeria can connect you to people willing to sell cryptocurrencies to you. At the same time, you pay in Naira, avoiding the fees you’d pay if you bought directly from a crypto platform or exchange.

In this post, you’ll learn everything you need to know about the best p2p crypto exchanges in Nigeria and the exchanges that offer such services.

p2p crypto exchanges in nigeria
photo credit: Nairametrics

What is P2P (Peer-to-Peer) Trading?

Persons selling or purchasing cryptocurrencies directly from each other utilizing the best p2p crypto exchanges for people living in Nigeria is known as peer-to-peer crypto trading.

Here, sellers and buyers register on a Nigerian peer-to-peer cryptocurrency market. They may either post local advertising for cryptocurrencies they want to sell at a specific price range or search the pool for the best offers to buy from.

How Does P2P Work?

In a peer-to-peer network, all computers on the network are treated equally, and each workstation has access to the same resources and data.

This is a basic network in which computers can connect and share what’s on or attached to their machines with other people.

Read also:

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10 Best P2P Crypto Exchanges in Nigeria for Traders

  • Paxful

Paxful is a peer-to-peer exchange platform launched in 2015 with the goal of making Bitcoin more accessible. The service allows bitcoin buyers and sellers to trade directly.

  •  Binance P2P

Over 150 payment methods are accepted by Binance P2P, including bank transfers, cash, PayPal, M-Pesa, and e-wallets.

Takers pay no platform trading fees, whereas makers pay a small fee each time an order is made. In all marketplaces, we guarantee the lowest P2P costs.

  •  LocalBitcoins

LocalBitcoins is an online marketplace that connects buyers and sellers depending on their proximity.

  •  Remitano

Remitano is a secure P2P cryptocurrency trading platform. Users can buy and sell cryptos with either crypto or fiat money. You can connect with other investors safely using our site.

  • BuyCoins Africa

BuyCoins is one of the best crypto exchanges in Nigeria, allowing Nigerians to buy and trade cryptocurrencies using their local bank account or debit card. The Y Combinator Summer 2018 program produced BuyCoins.

  • Coincola

Coincola is a cryptocurrency exchange and marketplace that provides quick, secure trading with minimal fees and exchange rates.

Coincola allows you to use FIAT currency to buy and sell Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Litecoin (LTC), Dash (DASH), Tether (USDT), and Ripple.

  •  WhalesHeaven

WhalesHeaven is a peer-to-peer cryptocurrency exchange for traders looking to conduct quick auctions. This peer-to-peer crypto exchange includes many currencies and multi-signature wallets for trading flexibility and security.

  • LocalCoinSwap

LocalCoinSwap is an excellent peer-to-peer exchange that allows you to buy and sell a wide range of crypto assets in a decentralized but safe environment.

LocalCoinSwap uses an escrow service to protect both parties during the transaction, making bitcoin trading quick, secure, and confidential.

  • HODL

Hodl is a peer-to-peer Bitcoin exchange that eliminates the middleman. Hodl was founded in 2017 and has quickly grown into a major cryptocurrency exchange.

  • Airtm

Airtm is a peer-to-peer exchange founded in Mexico in 2015. As a result, it is mainly active in Latin America, where it has the majority of its customer base. Nonetheless, it is perfectly legal to use in Nigeria.

 The following is the article concluding section: Best P2P Crypto Exchanges in Nigeria.

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