Best Crypto trading Apps for Beginners in Nigeria

Best Crypto trading Apps for Beginners in Nigeria for 2022. Many beginners are getting lost on how to buy cryptocurrencies and which app or wallet to use. So we will list the best cryptocurrency apps for beginners here today. Applications indeed give more flexibility than web platforms. Let’s see the best mobile apps for trading cryptocurrencies in Nigeria.

The cryptocurrency industry is growing every day; new investors are flooding the market, but at the same time, they are confused. They don’t know which app to use or which coin to buy. So let me guide you on the right apps to use if you are just getting started.

The rise of the crypto industry in Nigeria has enabled the rapid evolution of the accompanying products and services. The following guide presents the best cryptocurrency apps designed to ease the activities of the long-term investor and the short-term trader. From exchange and brokerage apps to portfolio trackers, market data providers, and wallets – let’s find out the best cryptocurrency app in each category.

What are the best crypto trading apps for beginners in Nigeria?

1. Gemini – Best Crypto App for Beginners in Nigeria (2022)

Gemini is an elegant, secure and simple platform to build crypto portfolios. It combines multiple benefits in one platform ranging from being an excellent crypto trading for beginners and interest rates of up to 8.05% APY to the newly introduced Gemini Credit Card. Gemini stands for investing simplicity combined with industry-leading security standards and serves over 10 million users.

The crypto trading platform Gemini ActiveTrader supports multiple order types, advanced charting, many of the best indicators for crypto trading, and features like block trading and auctions. In addition, Gemini offers a good range of cryptocurrencies, and it can convince with an excellent user app experience. Gemini Earn comes with some of the highest interest rates across the industry with an APY of 8.05% for the Gemini dollar, 7.99% on the USD Coin but lower rates on Bitcoin, Litecoin and Ether holdings.

In addition, the Gemini Pay feature allows users to pay for goods and services in over 30,000 retail locations in the U.S. via QR-code technology with their cryptocurrencies. Gemini Credit Card users earn up to 3% on purchase using the Mastercard with no annual fees and rewards paid in bitcoin, ether or one of the other 50+ cryptos.

2. Phemex – Best Crypto Trading App With Lowest Fees in Nigeria (2022)

Phemex is an efficient investment and trading platform for cryptocurrencies with advanced functionalities, strong wallet security, low fees and high performance, founded by a former senior executive at Morgan Stanley. Phemex currently has over 2 million users, is connected with over 30 liquidity providers, and it’s available via App Store and Google Play.

The crypto app is especially interesting for crypto futures traders because similar to the stock market, the users who add liquidity to the order book receive a rebate of 0.025% credited to their account. In contrast, so-called takers who remove liquidity from the order book are charged for the trade execution with only 0.075%, while Gemini, for example, charges up to 1.49%.

Besides crypto futures, traditional crypto spot trading is available for a transaction fee of 0.1%. Right now, over 220 pairs are tradeable. In addition, Phemex can also be used as a crypto wallet for over 250 cryptocurrencies.

3. Prestmit

Prestmit is an over-the-counter cryptocurrency exchange application available for both web and mobile users. Prestmit supports multiple cryptocurrencies including Bitcoin, Dogecoin, Litecoins, Tether E.T.C Having been in existence since 2019, Prestmit has, over the years, proven to be one of the best apps to sell cryptocurrencies easily in Nigeria and Ghana.

The Prestmit platform is equipped with autonomous transaction procedures, making it very simple for users to exchange their crypto for fiat. Available fiat options include naira and cedis. On Prestmit, transactions are automatic, and crypto received to the user’s wallet is automatically credited to the user’s fiat wallet with no manual intervention required. Above all, Prestmit also allows users to buy bitcoins using gift cards, making it the only crypto trading application in Nigeria that offers this flexibility.

4. BlockFI – Best Crypto Interest Account International (2022)

The BlockFi interest account (BIA) has two major advantages. And as for beginners in cryptocurrency, you will need this app – definitely one of the best crypto apps for beginners. To begin, you can earn interest on your Bitcoin and Etherium holdings by using your current cryptocurrency portfolio. For dedicated crypto holdings, the annual percentage yield can reach 5% on ETH and 4.5 percent on BTC.

Stable coins like USDC, GUSD, and PAX earn annual interest rates of up to 9.25% when held in an investment portfolio. Stable coins have the advantage of being linked to major currencies like the US dollar. As a result, stable coins have lower volatility, making an APY of 9.25% all the more impressive.

5. Blockchain.com – Best Crypto Exchange App for Swing Trading (2022)

Blockchain is among the most popular cryptocurrency apps, allowing its users to store, buy, and sell Bitcoin, altcoins and fiat currencies easily.

According to Blockchain.com, the mobile app serves over 31M verified users, and since its launch in 2011, it has processed over $1 Trillion in crypto transactions for users from over 200 countries. Blockchain.com’s mobile solution is available in 21 languages.

Blockchain supports many cryptocurrencies, so even the user interested in trading exotic altcoins will find Blockchain useful. The app allows the crypto trader to make crypto-to-crypto conversions and send and receive coins with just a few taps with your debit card. Its UI is very clean and simplistic, making it a suitable choice for complete beginners.

6. BREET

BREET is an automated trading application that lets you quickly sell Bitcoins, Bitcoin Cash, Dogecoins, Ethereum, and Litecoins for naira. This platform allows you to sell your cryptocurrency online in a secure manner. They offer the best crypto rates in Nigeria at all times by employing customer-centric frameworks.

For each cryptocurrency, each BREET user has a unique wallet address. Simply send any cryptocurrency to your BREET wallet address whenever you wish to sell it. The system will detect the inflow on the blockchain network automatically. It is then converted to naira or cedis (depending on your default option) using the best rates available. To get started, download the BREET App on Play Store and Appstore to start trading crypto easily.

That concludes our list of the best crypto trading apps for beginners in Nigeria available on all mobile platforms. These bitcoin trading mobile applications have been carefully chosen and include some of the features that every crypto trader is seeking. Bitcoins, Ethereum, Bitcoin Cash, Dogecoins, and Litecoins, among other popular cryptocurrencies, may be exchanged easily on the following apps in a secure and hassle-free manner.

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