Nigeria: Crypto Trading Rules & Available Platforms

Nigeria permits crypto trading under its current rules.

Asset classes on Canborsa

Crypto perps

52 markets ›

Stock & pre-IPO perps

26 markets ›

Commodity perps

4 markets ›

Index perps

4 markets ›

NIBSS Instant Payment handles naira bank transfers in Nigeria at near real-time speed.

Cards work with some issuers, though many Nigerian banks have historically blocked crypto merchants.

PalmPay and Kuda mobile wallets get instant naira settlement for Nigerian recipients selling crypto through CoinCola's P2P service.

P2P Marketplace (USDT/NGN)

funding rail

WORKS

MEXC, Bybit, Bitget, NoOnes and CoinCola offer NGN peer-to-peer marketplaces through advertiser listings.

Capital Gains Tax applies at a flat rate of 10% on all gains from cryptocurrency disposals for individuals.

Nigeria treats crypto trading as legal.

31 exchanges serve Nigeria, among them Aevo, ApeX and Aster.

For crypto traders in Nigeria: Capital Gains Tax applies at a flat rate of 10% on all gains from cryptocurrency disposals for individuals.

Regulator for crypto trading in Nigeria: Securities and Exchange Commission, Nigeria (SEC) covers virtual and digital assets and their operators; Central Bank of Nigeria (CBN) covers bank accounts held by virtual asset service providers.