Nigerians are relying on the best crypto apps to make wise investments with their money. Cryptocurrencies like Bitcoin (BTC) are leading the digital revolution in Africa by increasing its value to almost $100,000 per token. A number of crypto companies are opening their offices in Nigeria to help people have a smoother experience while buying and selling cryptocurrencies in global financial markets. Young Nigerians are starting to adapt to cryptocurrencies as they plan to grow their wealth.
Crypto traders can easily monitor decentralized finance (DeFi) market changes that can affect the price of cryptocurrencies. You’ll be able to predict the movements of cryptocurrency pairs and purchase digital tokens online by logging into crypto apps on digital devices like smartphones and iPads. Over the last few years, smartphone users in African countries have increased to more than 170 million, turning crypto apps into useful resources for the development of blockchain technology.
What are crypto apps?
Applications that focus on cryptocurrencies have found a new market to tap into by entering Nigeria. People can download and install crypto apps on their mobile phones, desktops, and laptops, to conveniently buy, sell, and store cryptocurrencies.
Unlike traditional banking, Nigerians don’t need to open a bank account to register with a crypto app. It’ll only take a few minutes to set up your profile on leading crypto apps, providing a vast number of options for you to invest in digital tokens on the crypto platforms. These apps protect your private information and prevent fraudulent behavior online from having a negative impact on your digital experience.
How is crypto relevant to Nigerians in 2024?
Nigerians can capitalize on crypto markets in 2024 and beyond to earn money. Bitcoin, Ethereum (ETH), and other cryptocurrencies are considered legal in Nigeria, allowing millions of citizens to trade digital tokens on crypto exchanges. Depositing and withdrawing your funds can take less than a few seconds in advanced crypto apps, attracting young Africans to trade cryptocurrencies on their gadgets to save time.
A majority of digital wallets offer free accounts to Nigerians. These digital wallets encourage Nigerians to build a diversified portfolio consisting of multiple cryptocurrencies and digital tokens that can be stored in a secure location. Your digital assets can be verified while logging in from new digital devices using two-factor authentication (2FA) as a security measure for data encryption.
Most crypto apps charge minimal fees per transaction while buying and selling digital tokens. The intuitive user interface of crypto apps has made it easier for Nigerians to operate on the platform to make profits. These crypto apps provide a ton of insights based on your online activity to improve the results of your crypto trading.
Take a look at the best crypto apps that are available in Nigeria.
Bitget
Bitget is one of the largest crypto trading platforms in the world. It has more than 45 million registered users with an average daily trading volume worth over 10 billion Tether (USDT). Established in 2018, Bitget was founded as a commitment to build a future for DeFi markets. Crypto companies like Bitget have been vital in guarding crypto investors against market crashes and financial downfalls.
It has a global presence with operation centers in over 60 countries including Nigeria. Features such as, copy trading, enable Nigerians to adapt strategies for trading cryptocurrencies that are implemented by seasoned crypto traders and investors. It has more than 800 digital tokens listed on the crypto exchange. Nigerians can also join Bitget Launchpad to get early access to claim the latest cryptocurrencies that are being released into the market.
Welcome bonus for signing up with Bitget includes 6200 USDT. Apart from dozens of cryptocurrencies, Bitget also has more than a hundred fiat currencies that are supported on the digital platform. Nigerians can download the Bitget app on their iPhones and Android smartphones to begin trading crypto in their country.
Binance
Binance is a crypto app that has generated more than $12 billion in revenue. After building trading systems for high-frequency traders investing in the stock market, Changpeng Zhao founded Binance in 2017 with his team of blockchain enthusiasts.
Within a year of its launch, Binance had acquired a market capitalization of $1.3 billion. Binance has taken a special interest in Africa, sponsoring the Africa Cup of Nations in 2021. The crypto company regularly held sessions to educate the African community about crypto trading and its benefits.
Previously known as the Binance Coin, the crypto exchange launched its own digital token in 2017. It was later renamed to Build’N’Build (BNB) and was used as a payment method for transaction fees on the crypto app. BNB is currently valued at $629 per token and has a supply limit of 200,000,000 BNB in circulation.
Quidax
Quidax became the first crypto exchange to be licensed by the Securities and Exchange Commission (SEC) of Nigeria. Crypto traders can sign up for a Quidax account for the fastest transactions, requiring basic knowledge of crypto apps and cryptocurrencies to buy and sell digital tokens. Quidax Token, Apecoin, and Trump Coin, are among the various cryptocurrencies listed on the crypto exchange.
Order book and instant swap are a few of the best features of Quidax. You can effortlessly trade tokens after cryptocurrencies reach a certain price point by using the order book in the crypto app. It also has an amazing community of crypto investors who are willing to share their ideas with Nigerians to help them succeed.
