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What is nairaex cryptocurrency exchange?

7. NairaEx NairaEx is a straightforward cryptocurrency exchange platform that allows users to buy Bitcoin, Ethereum and USDT. The exchange caters specifically to the Nigerian market, and allows users to make their NGN payments with either a bank transfer, debit cards or P2P.

What are the best crypto exchanges in Nigeria?

Here is a list of eight of the best exchanges you can use in Nigeria based on the number of users, and sorted by monthly visits based on Similarweb data: Binance, NairaEx, Quidax, Luno, Bybit, Kucoin, OKX and ByBarter. Nigeria accounts for a majority of crypto-related activities in Africa and is dominant in global crypto-related activities as well.

Can Nigerians trade Crypto for Naira?

Bybit is available to Nigerians and offers spot, P2P, and derivatives trading services. Nigerians can trade crypto for Naira through the P2P platform and also make direct crypto purchases from their banks.

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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