Best Places to Buy and Sell Bitcoin, Cryptocurrencies

Coinbase

If you’re seeking information on a reliable and secure platform to trade (buy and sell) cryptocurrencies, you’ve come to the right place.

I’ll answer your question in this post and save you the time and effort of looking any further on the internet.

Bitcoin and other cryptocurrencies have become widely accepted for use in businesses, both on exchange platforms and at physical locations such as stores.

Many cryptocurrency exchange platforms have been established in response to the high volatility associated with the use of Bitcoin and other cryptocurrencies. These platforms allow users to buy and sell bitcoin as well as various other cryptocurrencies.

It does, however, make the search for a cryptocurrency marketplace more challenging.

For example, some of these websites are utilized for fraudulent behaviour. After making a payment or purchasing anything, you will not be credited with the Bitcoin or cryptocurrency you paid for.

Some trading platforms are legitimate in their trading activities, but their fees and commissions are too high. Following the purchase and trade of cryptocurrency and Bitcoin, the value of cryptocurrency and Bitcoin that will be credited to your wallet will be far too small.

This article’s goal is to point you in the direction of the best place to buy Bitcoin and other cryptocurrencies so that you will not encounter any difficulties in the process.

Starting from Coinbase, let’s get things going right away.

Coinbase

Coinbase

Coinbase is a well-known marketplace for buying and trading Bitcoin and other cryptocurrencies, as well as other digital assets. Coinbase accepts practically all of the cryptocurrencies currently in circulation.

Armstrong Brian and Fred Ehrsam founded the company on July 20th, 2012, in the year 2012. The primary motivation for the development of this platform was to alleviate the stress associated with the search for a platform to buy and sell cryptocurrencies.

However, it has now gone beyond simply being an exchange site to include a crypto-wallet as well as other features.

Coinbase is extremely secure in terms of security, thanks to the use of two-way authentication. Blackhats will have a difficult time gaining access to your Coinbase wallet because it is so secure.

At the time of writing, this Bitcoin and cryptocurrency exchange platform had over 33,000,000 registered customers. It is one of the most extensively utilized exchange sites when it comes to buying and selling cryptocurrencies.

Coinbase accepts almost all of the available cryptocurrencies, ranging from Bitcoin to Altcoins. It also covers almost all of the countries, except Nigeria, which it does not support.

The Central Bank of Nigeria recently issued a restriction barring Nigerian banks from supplying their banking platforms to Bitcoin and other cryptocurrency merchants, prompting them to change their policy to omit the country from their support list.

Binance

Binance

In 2021, Binance is among the most popular trading platforms due to its low rates and accommodating policies.

Binance is a cryptocurrency exchange with the goal of making the process of purchasing and selling digital currencies easy.

It was developed in July 2017 by Changpeng Zhao after his departure from Okcoin. He launched the platform with $15 million raised via a coin sale in an initial campaign.

Binance simplifies buying and selling by providing you with a visual breakdown of the current market value of the digital currencies it trades.

To serve pro traders, it shows cryptocurrency price movements either in weeks, days, months, and even minutes and seconds in the form of a technical analysis chart.

It provides you with percentage pricing changes as well. This service is for those who don’t trade but rather buy or sell stocks.

When you sign up on Binance, you get a wallet. Your funds are held in this wallet for trading (buying or selling).

The safety of Binance is questionable in light of the fact that $40 million in Bitcoin was taken from the company on May 7, 2019.

In contrast to other cryptocurrency exchange platforms that have ceased to service Nigeria, Binance offers its users peer-to-peer trading to allow for quick purchases and withdrawals into their local bank accounts.

eToro

eToro

eToro serves as a cryptocurrency trading and investment site with two different aims.

The company was founded in Tel Aviv, Israel, in 2006 by Yoni Assia, Ronem Assia, and David Ring to assist investors.

The financial broker eToro worked as a mediator. Many early customers disliked the way the company wasted their money. Therefore the business incorporated a cryptocurrency exchange to help restore its reputation.

eToro is currently known as a cryptocurrency exchange platform with a low standard exchange rate record.

The site charges $5 for each successful withdrawal, and it does not charge any fees for investments.

It is supervised by FCA, CYSEC, and ASIC to guarantee that it is safe for both investment and trading.

Their approach has always been focused on the world’s greater good, but they have pledged to help Nigeria in the near future.

Robinhood

Robinhood

Robinhood, for example, offers zero-commission trades and a new mobile app.
Another excellent trading platform that offers cryptocurrency and stock trading is Robinhood. Cryptocurrency assets can be exchanged for other tradable securities like fiat currency.

Baiju Bhatt is the creator and CEO of this venture, which was established in 2014. When he launched this exchange platform, the entrepreneur noted that he wanted to reduce the fees charged by competing platforms.

A trading platform where everything is free and the fee is nonexistent on stocks and any other types of assets traded. They earn money by trading like other merchants.

The wallet they offer has the added security of safeguarding your assets and stocks, but it does not let you move your assets or stocks from the wallet to another wallet. All financial transactions are handled by the firm and are directly deposited in your personal bank account.

Until recently, Robinhood’s Nigerian users could trade freely without needing to employ fake identities due to Robinhood’s policies. However, as a result of the federal government’s prohibition on Nigerians, they no longer welcome them.

Luno

Luno

Luno is a cryptocurrency digital platform for the purchasing, selling, storing, and quick payment of services.

Marcus Swanepoel, Timothy Swanex, Carel Van Wyk, and Francisco Paul founded Luno (originally known as BitX) in 2013.

The primary objective of Luno was to create a crypto wallet that people could use to store their cryptocurrencies because of its safety.

On the other hand, it gave Bitcoin and other cryptocurrencies the ability to trade over time. You are responsible for your own transactions with Luno, as there is no full legalization to allow trading.

With regard to withdrawal costs, it typically offers a flat rate, but occasionally $0 -> With regard to withdrawal fees, it offers a flat rate for certain transactions and at times $0.

The Luno policy used to assist Nigeria until the Central Bank of Nigeria (CBN) imposed a fresh prohibition on cryptocurrencies.

Luno offers two major approaches at the moment.

It would be best if you continued to work with Luno and avoid withdrawing your funds until the CBN has removed its restriction.
To withdraw your funds out of your Luno wallet, you can either fund your Luno wallet from another external wallet or withdraw your coins by sending them to another external wallet.

Coimmama

Coinmama

Coinmama is another great option. One of the many crypto platforms that have transformed its original structure to reflect the changing trends in the world of cryptocurrency is Coinmama.

Nimrod Gruber launched the company in 2013 with the aim of streamlining the process of purchasing Bitcoin.

This is because Bitcoin’s market capitalization and share of the market cap were the highest in the cryptocurrency sector at the time the firm was being formed.

In recent months, they have added several prominent altcoins to their list of trade pairs to better catch up with the market’s current trend.

Because the exchange does not offer a wallet service, trading with it is risky. You may use your cryptocurrency wallet to make purchases and purchase coins directly on this platform.

A problem with this technique is that your wallet may be hacked, or you may be in danger of writing your wallet address incorrectly.

Previously, Coinmama did not give a mechanism for Nigerians to purchase cryptocurrency directly, but now they may with the help of a third party.

However, due to the ban by the CBN, Nigeria is now on Coinmama’s restricted list.

Kraken

Kraken

Kraken is another exchange site that offers users the opportunity to purchase and sell cryptocurrencies. However, this service has an excellent rating despite its lack of popularity.

It’s a San Francisco–based business, and it was founded in 2011 but only became operational in 2013. It is controlled by a registered entity, Payward Inc., with co-founder Jesse Powell as the operator.

Kraken’s first purpose was only to help with Bitcoin trading. And today, it supports more than just Bitcoin, supporting an additional 17 Altcoins.

Kraken has been verified to be 100% safe, with no hack or misplacement of coins in its history.

The company is known for charging high fees but also offers speedy withdrawal and deposit services.

Even before the Nigerian government’s ban on a cryptocurrency exchange, the policy it implemented was against Nigeria.

Gemini

Gemini

Gemini Trust Company is a digital currency and stock exchange firm. These options could be in both fiat or crypto values.

Tyler Winklevoss and his brother established the company in 2014. To free the public from the burden of physically visiting a virtual or digital firm, the objective was to construct a secure trading platform for digital assets.

It was built with a wallet that was never linked to another wallet since its creation. This digital currency exchange is one of the most highly regarded and protected platforms in the industry.

However, their service has a prohibitively high cost on any trade. The charges differ based on the assets traded, from 0.05 percent to 1.49 percent. They charge a flat $0.99 fee on every trade.

One of the many online trading platforms that don’t support Nigerian traders is this one. It is necessary to have a mobile phone number that may be used internationally to trade with them.

Blockfi

BlockFI

As Blockfi does not sell coins, it cannot be considered a cryptocurrency exchange. However, they sell the generated bitcoins and cryptocurrencies at times.

Established in 2017 by Zac Prince and Flori Marquez, the company is situated in New York.

Blockfi is a digital platform for cryptocurrency and Bitcoin investing. It was never created for the purposes of purchasing and selling cryptocurrencies.

Regardless of whether the firm opts to liquidate most of its Bitcoin and other cryptocurrencies at a reduced price,

From a security standpoint, it would be foolish to claim that this platform is 100% secured, given it was hacked in the past, even though the CEO insists that no funds were stolen.

This platform doesn’t support Nigeria either for buying and selling or for investing.

Bisq

Bisq

Bisq is a PC-based option for exchanging bitcoins locally. The trading mechanism is based on peer-to-peer networks and is operated by the community.

The Bisq application was created to help promote dialogue among peers.

You have to install the software and run it on your laptop to trade with Bisq.

Therefore, this exchange has no safeguards and is not secure for trading due to a lack of regulation and poor security.

You will need to transfer funds from another wallet or deposit money into your account to use the platform.

In this company’s trades, only fellow community members may partake.

Sadly, Bisq has no community in Nigeria. Thus they don’t support the country’s current stance.

Remitano

Remitano

Remitano is a peer-to-peer online marketplace with escrow. This feature lets you exchange digital tokens in the presence of a supervisor. All exchanges are made under the administration’s knowledge.

This company was started in 2015 in the Seychelles, where Babylon Scholars Limited is the leader. The aim was to allow countries whose administrations had banned Cryptocurrency trading and usage to once again trade and make money using Cryptocurrency.

Even though it doesn’t have a Wallet, this platform is considered to be one of the most secure. The app allows you to trade via Binance wallets, for example. Your wallet will be where all the saving and storing takes place.

African countries account for 15 of the total 30 supported countries on Remitano. The 15 nations serviced by this exchange platform include Nigeria, which makes trading viable.

Kucoin.

Kucoin
Not all of the several cryptocurrency exchange platforms are created equal, but Kucoin is widely considered to be one of the best.

Michael Gan, Eric Don, Top Lan, Kuet Li, John Lee, Jack Zhu, and Linda Lin founded Kucoin on September 15, 2017.

While Kucoin’s initial offerings were only of the purchase and sale of Bitcoin, the company has now expanded to support the trade of more exciting cryptocurrencies like Tron (TRX) and Ripple (XRP).

The exchange platform offers a safe wallet that’s available instantly, so you can trade or make an exchange whenever you wish.

According to our findings, this platform is one of the best since it has never been hacked and no incidents of fraud have been reported.

While the company’s fee structure is a drawback, you may encounter other difficulties using this platform. They take an extra 3% of your currency off the top of your transaction anytime you make a purchase or a withdrawal.

Prior to the recent CBN cryptocurrency regulations, Kucoin’s policies supported Nigerians.

Quidax

Quidax

The primary purpose of Quidax, a Nigerian cryptocurrency exchange, is to help build a bridge between cryptocurrencies and the Nigerian people.

Bauchi Okoro founded Quidax in 2017. This was made to enable Nigerians to trade in Naira by using cryptocurrencies.

Though the current popularity of this platform means that a minority of traders is still using it in Nigeria, previous users have given these platforms rave evaluations.

For traders using Quidax, a user-friendly wallet is already at their disposal.

It is known to be safe and secure, and no record of hacking, mishandling, or disruption has ever been reported.

Until recently, Quidax was available to all Nigerians as the main goal of creating the platform is to ensure that it is accessible to all. But Quidax does not accept any transactions that involve Nigeria because of new prohibitions on cryptocurrency dealings in the country.

Patrica

In addition to providing you with access to cryptocurrency trading, Patrica offers you a digital wallet that interacts with the blockchain. The wallet also allows you to buy and sell cryptocurrencies through the blockchain.

It was established in 2017 by Nigerian entrepreneur Hanu Fejiro Agbodje, who had the goal of creating a service that allows for trading Bitcoin and exchanging gift cards.

All financial transactions are handled by the wallet, which is both safe and is also covered by the Central Bank of Nigeria, who commissioned the transaction. The wallet has never been hacked, been used for fraudulent purposes, or was involved in unlawful behaviour.

The CBN’s trade restriction made it impossible for people of any nationality to invest.

Bitpanda

Bitpanda

Bitpanda is a cryptocurrency exchange platform established in Australia. Bitpanda’s trading is done in two different ways.

Eric Demuth developed it in 2014 to let people trade cryptocurrencies.

The Bitpanda service provides two trading types: Newbie Trading and Bitpanda Pro Trading.

For those who are new to trading, the experience can be summed up as a deal where you directly purchase and sell assets using the platform and its available capital.

You can trade using this system without having prior experience in trading.

Bitpanda Pro trading should be done with trading partners. In return for offering your currency for sale at a set price, another trader may accept and purchase your coin.

To trade this way, you need to act like a professional trader, which means avoiding the possibility of losing all your money.

Bitpanda offers a trading wallet for whichever sort of trading you like. It is considered one of the safest Bitcoin trading platforms in the world.

Unlike other cryptocurrency exchange platforms, Cex offers trading in traditional currency, cryptocurrency, and equities.

Cex

Cex

Cex was created in 2013 by Oleksandr Lutskevych to make it easier for both beginning and advanced traders to make exchanges.

Cex’s trading interface and options allow beginners to trade easily. In addition, its trading interface is intricate and advanced.

This platform accepts deposits from just about every kind of currency available. Alternatively, you can directly fund your trading by funding your wallet from an external source.

Deposits and withdrawals are available in a variety of currencies and ways. You can withdraw your funds in the form of cryptocurrency, cash, or gift cards.

Cex has a safe and customizable wallet to simplify trading and asset storage.

The exchange is regulated and secure for trade.

Local Bitcoins (LBC)

Localbitcoins

A peer-to-peer exchange where an escrow facilitates trades is conducted locally through LocalBitcoins. You can both deposit and withdraw funds using the platform, and the platform serves as an escrow service.

Founded in 2012 by Jeremias Kangas, LocalBitcoins was created with the goal of enabling global trading for everyone. It has over 110,000 active traders and a daily Bitcoin trading volume of 1,400 to 3,000 BTC.

The platform offers its own specialized trading webpage as well as a charge for depositing funds on the wallet or withdrawing them from the wallet.

Additionally, this platform is entirely controlled, so it’s perfectly safe to use, and there are no complaints from those who have tried it.

Nigeria is able to conduct business through P2P trade because of the support provided by LocalBitcoins. Even if the CBN still prohibits this site, it is still allowed for Nigerians.

Coinbulp

Coinburp

The Coinburp cryptocurrency exchange platform is situated in London, and it is on the rise. Peter Wood established this trading platform in 2015 with the goal of making it easy for new traders to trade.

Peter thought that inexperienced traders were having a hard time.

Because it is difficult and complex for skilled traders to find trading platforms. In order to do this, he created this platform with a focus on trading simplicity.

Since it’s a local trading platform located in London, trading on this platform is exceedingly dangerous and difficult to perform.

It has no cash slot and is hence unsafe.

As of presently, the platform only supports London.

Though their plan is to expand their reach to Nigeria and other countries after they become global.

Bitcoin IRA

Bitcoin IRA is a retirement investing tool that allows investors to use self-directed management. One of the things they offer is the ability to invest in assets, stocks, and cryptocurrency. It’s a full-featured investment program.

Johannes Haze and Chris Kline established it in The overall goal were to create a way for you to save for retirement. This is the first American-based platform that enables investment.

It’s working with a company to create wallets for traders. Due to the long-term nature of the funds held in the wallet, the wallet is completely safeguarded by the investment committee.

Bitcoin IRA is one of the many platforms that have yet to welcome Nigerians, with no intention of welcoming them in the future. If you are planning to invest, you might want to secure a foreign cell number beforehand.

Investing in Bitcoins and Other Cryptocurrencies: How to Buy and Sell.

Bitcoin and other cryptocurrencies are traded on exchanges by buying and selling them.

New traders run the danger of having their money stolen by fraudulent platforms or suffering losses.

In order to steer clear of fraudulent and scamming trading platforms, I have taken the time to study some of the major trading exchange platforms, providing you with a short summary of each. It’s simple: just pick which one you like.

Whether you’re planning to exchange and purchase crypto merely to get by, or you want to turn a profit on the trade, you have to follow specific rules.

These suggestions can assist you in acting as a professional trader.

In order to start trading, you must choose the coin that you wish to trade with. Understand the coin, investigate it, and figure out its price movements before entering into a trade. You should be familiar with every aspect of your coin of choice.
To choose a trading platform, you’ll need to go on to the second stage. It is important to understand the type of platform you select. In order to trade successfully on that platform, you should know how to do withdrawals, deposits, and trades.

Third, purchase when prices are low and sell when they are high. There are two options to time your sales and purchases of Bitcoin and other Altcoins: percentage display and chart calculation.

One of the most frequent types of percentage displays is prevalent and can be seen in practically all cryptocurrency exchange platforms. It indicates the % change in price for a given coin.

Positive and negative signs, respectively represent increases and decreases.

You can figure out when to purchase and sell based on the charts.

Advanced trading and peer-to-peer trading options are both available for charts of this kind. This aids in figuring out the price change given a certain time frame.

While reading the chart, you need to monitor the candles because a green candle signifies an increase in price, while a red candle signals a decrease in price.

The MACD and RSI can be utilized to help determine where the stock is going.

The recently enacted restriction by the CBN on banks from enabling Bitcoin and cryptocurrency trading platforms has made it much more difficult to trade.

And that’s just the beginning: There are still ways to do business in Nigeria. One way to avoid getting hacked is to use a trading platform that offers peer-to-peer trading. A suitable platform for this kind of activity is a marketplace like Binance.

Your other option is to continue to trade with your preferred exchange. Either selling the coins locally or sending them to an external wallet are your options if you decide to withdraw.

Conclusion- Top Cryptocurrency Platforms to Buy and Sell.

It would be best if you were extremely careful before you trade on any platform. You ought to evaluate each platform if you feel comfortable with their mode of operation, especially in light of the fact that the Central Bank of Nigeria has banned all cryptocurrency trading for banks in Nigeria.

With the provided guidance, I think you will be able to make a smart choice.

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