01
Country first
If it doesn’t serve Nigeria, it doesn’t appear. No global leftovers.
Nigeria
One naira on-ramp under the SEC sandbox — then the book.
Quidax and Busha were first into the SEC ARIP. Luno is in the sandbox too. Binance P2P is still how a lot of naira finds USDT — we show it, with the 2024 hangover attached.
Local rail
Bank / P2P
Example buy
NGN 750000
Fee review
August 2026
Exchange matcher · 01 / 02
How will you use it?
The number lists hide
See what you’ll actually pay
Same naira amount, same frequency, same rail — then the all-in drag. First-buy mode uses the retail button when a platform has one.
Cheapest here (Binance) vs dearest (Luno): ₦13,500 / year
1
Binance
0.10% all-in · ₦750.00 per buy
₦9,000
2
OKX
0.10% all-in · ₦750.00 per buy
₦9,000
3
Bybit
0.15% all-in · ₦1,125.00 per buy
₦13,500
4
Quidax
0.20% all-in · ₦1,500.00 per buy
₦18,000
5
Busha
0.25% all-in · ₦1,875.00 per buy
₦22,500
6
Luno
0.25% all-in · ₦1,875.00 per buy
₦22,500
Side by side
Compare what matters in Nigeria
Sort
| Exchange | Trust | Typical buy | Best for | |
|---|---|---|---|---|
Binance P2P | 80 | 0.10% all-in ₦750.00 on ₦750,000 via bank | Deepest spot books | See fees |
OKX P2P | 78 | 0.10% all-in ₦750.00 on ₦750,000 via bank | MiCA-licensed EU entity | See fees |
Bybit P2P | 76 | 0.15% all-in ₦1,125.00 on ₦750,000 via bank | Clean pro ticket | See fees |
Quidax Bank transfer | 81 | 0.20% all-in ₦1,500.00 on ₦750,000 via bank | First SEC-recognised NG book | See fees |
Busha Bank transfer | 80 | 0.25% all-in ₦1,875.00 on ₦750,000 via bank | Nigerian-first app | See fees |
Luno Bank transfer | 83 | 0.25% all-in ₦1,875.00 on ₦750,000 via bank | SC-registered MYR | See fees |
Links use rel="sponsored nofollow". Typical buy assumes a bank-funded ₦750,000 order. Always confirm the live schedule.
No black boxes
How we pick — and how we get paid
02
True cost, not the headline
Bank or card + retail button or taker fee, in local currency.
03
Trust and ease still count
A cheaper book loses to a safer, simpler app when you said this is your first buy.
04
Commissions can’t buy the rank
Affiliate links, when we add them, never change the score. A failed quality gate just turns the link off.
Questions for Nigeria
Quidax or Binance?
Quidax is the supervised local first buy. Binance is P2P liquidity, not a CBN-blessed naira deposit. After 2024, treat Binance as optional, not default.
Is Yellow Card on the list?
Yellow Card is now more infrastructure / B2B than a retail book, even after ARIP admission. We score retail exchanges.
Naira deposits?
Local apps take bank transfer. Global books are P2P. Your bank can delay or reverse a crypto-tagged payment.
An Approval-in-Principle is not a final VASP licence. CBN can still friction bank rails. P2P has counterparty risk we do not price.