The rave and hype around cryptocurrency in Nigeria hit an all-time high in late 2020 and early 2021.
It can be postulated that the lockdown due to the COVID-19 pandemic increased people’s desires and determination to make money online as they couldn’t leave their homes. Even though the lockdown wasn’t total in most parts of Nigeria, it was still strongly felt as international activities and educational activities were suspended.
A lot of people learnt about the multi-billion dollar opportunities available in cryptocurrency and one of the immediate questions in their minds was “what is the best app for cryptocurrency trading in Nigeria for beginners”?
Coincidentally, at the same time, the price of bitcoin continued to rise and turned many who had started trading much earlier into millionaires overnight.
A lot of classes were rapidly organized as people thronged into the cryptocurrency world to get their own share of the money.
Whereas there are many apps that offer crypto trading services we have identified the best app for cryptocurrency trading in Nigeria.
List of cryptocurrency exchange/trade apps in Nigeria.
This list is increasing daily as more individuals look to proffer trading solutions to the increasing number of crypto traders, here is a list of few cryptocurrency trading/exchange apps in Nigeria.
- Binance
- Coinbase
- Luno
- Block chain
- Kraken
- Coin market cap
- Quidax
- Blockvila
- Remitano
- Buy coins etc.
These apps all have their unique features and rates but The Best App for Cryptocurrency trading in Nigeria for beginners would be Luno.
Even though it doesn’t have a lot of coins listed and its price is higher than that of most of the other apps, they offer a very simple user interface that can be handled by anyone as long as you can read, write and think.
For the beginner, his focus should be on learning and mastering the process rather than instant profit. Even though you can make lots of profit on Luno too, its major feature is the simplicity it offers to a normally complex and intricate trading system.
While some other apps focus on the price and getting a lot of coins listed, Luno focuses on the user interface and is very friendly for beginners.
Luno is the most popular cryptocurrency exchange in Nigeria. It was launched as Bitx in 2013 and later rebranded to Luno. Its biggest markets are South Africa and Nigeria. It has one of the easiest to use interfaces. The ease of using its app is second to none.
So, there you go. If you’re a beginner or you’re still trying to work your way around the cryptocurrency space and its vast opportunities, the app for you is Luno.
Kindly note also that this is not financial advice and this blog cannot be held accountable for any misconduct from the aforementioned app. We simply studied and dropped our postulation.
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