10 Best NFT Trading Platforms in Nigeria
The 10 Best NFT Trading Platforms in Nigeria revealed. We tested and verified the best NFT Trading Platforms for Nigerian Traders.
This is a complete list of NFT Trading Platforms in Nigeria.
In this in-depth guide you’ll learn:
- What is an NFT Trading Platform?
- What isthe best NFT marketplace for artists?
- Our recommended TEN NFT trading platforms for Nigerian Beginner Traders?
- How to compare NFT trading platforms against each other?
- How and can I trade Bitcoin with $5 (2 096 NGN)?
- Which brokers offer a signup bonus on a $5 (2 096 NGN) deposit?
And lots more…
So if you’re ready to go “all in” with the best-tested NFT trading platforms in Nigeria…
Let’s dive right in…
- Louis Schoeman
10 Best NFT Trading Platforms in Nigeria (2023)
- NFT LaunchPad – Overall, Best NFT Trading Platform in Nigeria
- Rarible – Top NFT Trading Platform for Beginner Traders
- Magic Eden – Best NFT Automated Trading Platform
- Crypto.com – Top Mobile App Trading Platform
- OpenSea – Most User-Friendly NFT Trading Platform
- Binance NFT Marketplace – Best Trading Platform to Trade Multiple NFTs
- Nifty Gateway – Top Blockchain Platform
- Axie Marketplace – Most User-Friendly DeFi Trading Platform
- Larva Labs / C – Best Automated Money Maker
- Foundation – Top NFT Platform for Experienced Traders
What is an NFT Marketplace?
👉 An NFT marketplace is a decentralized marketplace that functions like an eCommerce platform where creators or merchants post their items and customers can purchase them. NFTs can be exchanged for other NFTs or sold/purchased through these decentralized NFT marketplaces.
👉 NFT markets include various features and categories, distinguishing them from eCommerce marketplaces. For example, NFTs or digital assets may be saved, exchanged, and exhibited to a broad audience.
👉 NFT markets are giving birth to the NFT Business Model, in which unique non-fungible tokens about art, film, and music are purchased and sold. Subsequently, this incorporates NFT development techniques for developing, deploying, and managing NFT markets and NFTs.
👉 A crypto wallet is necessary to conduct transactions in an NFT marketplace. All transactions, including buying, selling, and storing NFTs, will be conducted via the crypto wallet.
1. NFT LaunchPad
Overview
👉 NFT LaunchPad is the leader when it comes to the greatest NFT markets. NFT LaunchPad was founded in February 2023 and is an all-encompassing platform where buyers and creators may interact and conduct transactions.
👉 In addition to integrating with the Web3 environment, NFT LaunchPad has helped promote ideas such as blockchain games and the metaverse.
👉 The digital assets featured on NFT LaunchPad are housed on the BNB Chain. They may be bought using Wrapped BNB, one of the greatest cryptocurrencies for investing in NFTs.
👉 NFT LaunchPad’s asset selection is vast, with NFTs originating from various areas, including sports, films, metaverse products, trading cards, and digital art. The unique collections provided to investors are one of the most intriguing parts of NFT LaunchPad’s service.
👉 Other amazing NFT projects include PixelDoge NFTs, Crazy Angry Greedy Pandas, and CryptoPunks. Notably, NFT LaunchPad offers assets at all price points, guaranteeing that newcomers are not excluded.
👉 Lucky Block NFTs comprise most of NFT LaunchPad’s volume at the time of writing. As the name suggests, these NFTs are provided by the crypto-phenom Lucky Block and play a significant part in the ecosystem’s new NFT competition platform.
👉 In addition, the purchasers of these NFTs could win prestigious prizes.
Features
| 💻 Feature | ℹ️ Information |
| Marketplace Type/Categories | Digital Art, Videos, Gaming NFTs |
| Payment Methods | Ethereum and Polygon |
| Overall Rating | 4.2/5 |
| Year Launched | 2022 |
| Blockchain | Binance Smart Chain, Polygon |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| The marketplace does not currently impose any gas fees | Nigerians must first mint NFTs to start the overall creation process |
| Nigerians can easily “Flip” NFTs | |
| Nigerians can mint and create NFTs on one platform | |
| The platform uses Wrapped BNB for trading activities | |
| There are various NFT collectibles on the platform |
2. Rarible
Overview
👉 Rarible enables users to purchase and sell art, collectibles, video game assets, and non-fungible tokens. Rarible can be purchased and traded using Ethereum, Flow, and Tezos.
👉 Rarible charges a flat 2.5% fee plus applicable gas costs for each transaction. A credit card can purchase NFTs, enabling transactions in fiat currencies.
👉 An intriguing part of Rarible is that it generated its own native token, RARI, rather than having internal management determine everything. RARI holders can vote on corporate decisions, such as policy changes.
👉 Rarible announced cooperation with Adobe in 2021 to facilitate the verification and security of metadata for digital material, including NFTs.
👉 Rarible might be the ideal NFT marketplace for individuals who want access to a broad network with robust connections. In addition, it still maintains a decentralized mentality.
👉 Self-listing is the primary emphasis of Rarible. As a result, artists may develop a market for their non-fungible tokens without incurring any commission or platform costs. This is analogous to Uniswap’s standing among cryptocurrency exchanges in many aspects.
👉 For instance, Uniswap enables anybody to offer cryptocurrencies on their platform without requiring a laborious and time-consuming listing process. The same applies to Rarible, but in terms of NFTs.
👉 Additionally, the self-listing process generates a diverse supply of NFTs. Finally, Rarible provides access to collectibles, trading cards, and digital art.
Features
| 💻 Feature | ℹ️ Information |
| Marketplace Type/Categories | Art, Photography, Games, Metaverse, Music, Domains, DeFi |
| Payment Methods | Ethereum, Tezos, Flow |
| Overall Rating | 3.5/5 |
| Year Launched | 2020 |
| Blockchain | Ethereum |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| Rarible is considered an all-inclusive marketplace where Nigerians can buy, sell, and create NFTs | There is an expensive 2.5% transaction fee |
| Users can change the price of existing collectibles for free at any given time | Users must first connect a wallet before they can access items on Rarible |
| The platform integrates with OpenSea | You cannot deposit or withdraw without an Ethereum wallet |
| There is a robust royalty system where artists can make money from the NFTs they have sold | The process of creating a wallet on Rarible is tedious and time-consuming |
| Nigerians can connect to an existing wallet or create a new one | |
| The platform has robust security, including verification and a report structure | |
| Nigerians can connect to Rarible from Twitter, Instagram, Telegram, and other platforms |
3. Magic Eden
Overview
👉 On Solana, the Magic Eden platform is the primary Market for NFTs. Their Reselling Act permits the reselling of individual NFTs and the listing and minting of whole collections through their Launchpad on their official website.
👉 There is currently no Magic Eden-like marketplace. Therefore, you will need to apply to be listed or mint your collection. However, having curated collections gives you control over the exhibited material, allowing you to construct a collection of superior quality.
👉 Magic Eden offers key features, including auctions, collection statistics, price or attribute filtering, and a limited-time free browser game called “Mini Royal.”
👉 In addition, skins and other in-game goods could be exchanged for NFTs in this game, which pays tribute to famous Battle Royale titles (Fortnite, COD Warzone, etc.). However, the production of the game is still in its earliest phases.
👉 Magic Eden is a comprehensive marketplace that reminds me of OpenSea, the most popular NFT market.
👉 To use Magic Eden, you must have either a Trust Wallet or an Exodus Wallet, both of which are Solana-compatible, and enough SOL to pay for your NFT and the Solana blockchain transaction fee.
👉 Magic Eden also has an iOS version, but to trade NFTs, you must use a web browser to access the site and link your web3 wallet.
Features
| 💻 Feature | ℹ️ Information |
| Marketplace Type/Categories | Art, Photographs, Game Assets, and more. |
| Payment Methods | Solana, Ethereum |
| Overall Rating | 4/5 |
| Year Launched | 2019 |
| Blockchain | Solana |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| The Magic Eden platform is user-friendly in terms of buying and creating NFTs | The mobile app only allows for browsing |
| There is a wide range of NFTs that you can buy | Some NFTs on the platform appear to be copies of more notable collections |
| The transaction fees are low and competitive | The software is closed source |
| The Magic Eden launchpad makes it easy to list NFTs |
4. Crypto.com
Overview
👉 When determining where to purchase NFTs, Crypto.com is another excellent alternative. This prominent NFT marketplace is one of the world’s leading cryptocurrency exchanges, utilized by over ten million individuals.
👉 In addition to its well-known crypto-trading services, Crypto.com has opened its own NFT marketplace. The marketplace was founded in 2021 and currently sells NFTs in art, celebrities, gaming, athletics, music, and cryptocurrency.
👉 Crypto.com intends to simplify the investment process since Nigerians may open a Crypto.com NFT account in minutes. Furthermore, NFTs are accessible by auction or at a set price. Customers may acquire them using a credit or debit card.
👉 Alternately, NFTs could be purchased using cryptocurrency through the “Crypto.com Pay” gateway. However, in sharp contrast to many other sites, Crypto.com does not charge a transaction fee to purchase NFTs.
👉 This is the most tempting aspect of the purchasing procedure. However, on Crypto.com, you might also discover some of the costliest NFTs on the market.
Features
| 💻 Feature | ℹ️ Information |
| Marketplace Type/Categories | Art, Music, Gaming, Sport, Celebrities |
| Payment Methods | US Dollars, Ethereum, CRO |
| Overall Rating | 4.5/5 |
| Year Launched | 2021 |
| Blockchain | Crypto.org and Ethereum |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| There are no transaction fees when you purchase NFTs | The minting process on this platform is not transparent |
| Nigerians can purchase NFTs using a credit or debit card | Users must complete a comprehensive application to become a creator |
| There are several categories offered on the Crypto.com NFT marketplace | There is a 72-hour review period for NFT minting |
| The platform supports Ethereum-based NFTs | There are only 5 file formats supported |
| There is a robust mobile app offered for buying NFTs | |
| Several payment methods are offered |
5. OpenSea
Overview
👉 OpenSea is an Ethereum-based NFT marketplace launched in 2017 as a listing and trading platform for non-fungible blockchain tokens.
👉 Although the first version of OpenSea was created with CryptoKitties in mind, it immediately became evident that a universal platform could be developed.
👉 Soon after adopting the moniker “OpenSea,” the business started creating an Ethereum NFT marketplace that would accommodate a variety of blockchain-based games and apps.
👉 OpenSea aspires to be the “Swiss Army Knife” of the business in this manner. As a result, developers can design new games and apps without needing to master specialist programming languages or deal with single, all-encompassing blockchain technology.
👉 This is significant because it allows developers to work in emerging markets without learning innovative technology first. OpenSea’s key cryptocurrencies are Ethereum, Solana, and USDC, with more cryptocurrencies available as payment choices.
👉 Please be aware that you cannot use fiat currencies such as the US Dollar or the Nigerian Naira. But, positively, OpenSea is very user-friendly for novices. You can register a free account within minutes and instantly begin exploring NFTs. You can even construct NFTs on their platform.
👉 OpenSea levies a fee of 2.5% of each transaction to cover expenses. In addition to paying the gas price, you must additionally pay the fee for completing NFT transactions using Ethereum. Gas costs are the transaction fees that miners are charged.
👉 OpenSea is an excellent alternative for newcomers seeking a basic marketplace and as many possibilities as feasible for NFTs.
Features
| 💻 Feature | ℹ️ Information |
| Marketplace Type/Categories | Art, Music, Photography, Trading Cards, Virtual Worlds, and more |
| Payment Methods | Ethereum, Solana, USDC |
| Overall Rating | 5/5 |
| Year Launched | 2017 |
| Blockchain | Ethereum, Solana, Polygon, Klaytn |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| There are low fees, and gas-free transactions are offered | Fiat currency is not accepted |
| There are over 200 payment options | Nigerians must have an existing Ethereum wallet |
| There is a massive selection of NFT collectibles offered | |
| The platform supports Ethereum-based NFTs | |
| The interface is user-friendly, even for complete beginners | |
| There are several useful features on the platform |
6. Binance NFT Marketplace
Overview
👉 Another location to buy NFTs that comes highly recommended is the Binance NFT Marketplace. The largest cryptocurrency exchange in the world, Binance, runs this market, as the name would imply.
👉 Binance is renowned for its cheap costs. This applies to the NFT marketplace, where Nigerians pay just a 1% transaction charge when purchasing NFTs. In addition, the Binance NFT Marketplace provides access to NFTs on both the Binance Smart Chain and the Ethereum blockchain.
👉 The Binance marketplace provides NFTs in various categories, including art, sports, entertainment, gaming, collectibles, and others.
👉 The enticing ‘Mystery Box’ feature on Binance enables users to buy a box and acquire a random NFT that may be quite valuable. If you already have an account with Binance, you may use the same credentials to access the NFT marketplace.
👉 The marketplace is supported by the bigger cryptocurrency exchange Binance. However, it is uncertain what rules govern the Binance exchange, given that the business relocated outside China when the government raised its cryptocurrency restrictions.
👉 However, the corporation makes every effort to comply with country-specific rules.
Features
| 💻 Feature | ℹ️ Information |
| Marketplace Type/Categories | Gaming, Sports, Entertainment, Art, Mystery Boxes, and more |
| Payment Methods | Binance Coin, Binance USD, Ethereum |
| Overall Rating | 4/5 |
| Year Launched | 2021 |
| Blockchain | Binance Smart Chain |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| Nigerians can create and verify their Binance account free of charge, and the account can be used across the entire Binance ecosystem | Minting permissions can be extremely restrictive |
| The platform and marketplace are user-friendly and easy to navigate | The marketplace is still young when compared to competitors |
| There is a competitively low minting fee | The royalties are much lower than that of competitors |
| There are several robust security features | |
| There are NFTs offered on Ethereum and BSC | |
| There is an attractive and innovative mystery box feature |
7. Nifty Gateway
Overview
👉 Nifty Gateway is renowned for staging pricey and exclusive NFT transactions, such as the $91.8 million sale of digital artist Pak’s “The Merge.” Subsequently, it made news when the site was bought by Gemini, which Cameron and Tyler Winklevoss control, towards the end of 2019.
👉 This market focuses on art, especially pieces created by well-known artists and public figures. Nifty Gateway uses the idea of “open editions” to boost demand. Editions are only offered briefly when a new kind of NFT is introduced.
👉 This marketplace does permit the use of credit cards for purchases. Nifty Gateway might be the way to go if you want to invest substantially in NFTs and desire access to premium alternatives.
👉 Nigerians must use the cryptocurrency saved on their Gemini accounts to purchase NFTs. In addition, Nifty Gateway charges a 5% fee plus a $0.30 transaction fee to the seller of each NFT.
Features
| 💻 Feature | ℹ️ Information |
| Marketplace Type/Categories | Art |
| Payment Methods | Ethereum, credit card, debit card, EtherCredit, Gemini Account |
| Overall Rating | 3.5/5 |
| Year Launched | 2019 |
| Blockchain | Ethereum |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| Gemini backs Nifty Exchange | Gas fees will pile up if gas is used often |
| The marketplace focuses on premium drops | The only way to withdraw funds is from a Gemini account |
| The marketplace has attracted many high-profile names | Nifty Gateway was victim to the NFT heist in 2021 |
| The interface is easy to use | |
| Nifty Gateway has a rigorous vetting process for artists |
8. Axie Marketplace
Overview
👉 The Axie Infinity Market is the NFT market for one of the most popular crypto-based video games. Players can purchase and sell NFTs for Axie Infinity creatures, objects, and lands. Given that the game needs three Axies to begin, the marketplace is the quickest option to begin.
👉 The Axie Infinity Marketplace is a marketplace specializing in NFTs for the popular Axie Infinity game. It provides millions of Axies, digital pets with varying qualities and rarity. You may use these animals in combat to explore the game world and breed young Axies.
👉 The marketplace also sells land and things inside the game universe. Purchased NFTs from the Axie Infinity Marketplace are added to your stock. You can sell your goods at a predetermined price or an auction.
👉 People have been attracted to Axie Infinity because it is a play-to-earn cryptocurrency game. Through in-game prizes, players earn cryptocurrency. This allows you an additional opportunity to earn from investing in NFTs since selling them is not the only way to do so.
👉 Some people purchase Axies and play the game to gain cryptocurrency. Others invest in Axies and rent them out to other players for a share of their revenue. This arrangement is known as a Scholarship.
👉 The Axie Infinity Marketplace charges no fees to purchasers. In addition, free NFTs are available for purchase, which is uncommon in NFT markets. Nigerians should note that transferring Ethereum to your Ronin Wallet, essential to utilize this site, incurs gas costs.
Features
| 💻 Feature | ℹ️ Information |
| Marketplace Type/Categories | Collectibles, Gaming Assets |
| Payment Methods | Ethereum |
| Overall Rating | 4/5 |
| Year Launched | 2022 |
| Blockchain | Ethereum |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| Users can easily buy and sell gaming NFTs on this marketplace | There is an excessive seller’s fee of 5.25% |
| There is no buyer’s fee | There are multiple wallets required, namely Ronin Wallet and MetaMask |
| Users can easily earn crypto rewards | There is only one category of NFT offered for Axie Infinity players |
9. Larva Labs / CryptoPunks
Overview
👉 When people think of Larva Labs, they think of the CryptoPunks NFT project. In 2017, they were distributed for free, but now, certain CryptoPunks fetch prices in the millions.
👉 Autoglyphs is only one of several ongoing digital art projects at Larva Labs, including creating apps based on the Ethereum blockchain.
👉 Although the Larva Labs CryptoPunks NFTs are no longer available directly from the company, they can still be purchased through secondary markets.
👉 Meebits, for example, could bid via Larva Labs’ internal marketplace. However, most of the company’s endeavours are interesting enough to warrant monitoring.
👉 About 10,000 distinct people worked on the CryptoPunks marketplace. Punk-style males and females predominate in these algorithmically created 24×24-pixel artworks. Zombie and ape characters and a few aliens round out the cast of non-humans that can technically still play a role.
👉 The status of these CryptoPunks NFTs is shown on the site using a colour coding method. The ones with blue backgrounds are the ones that have been claimed as NFTs, while the ones with red backgrounds are the ones whose owners are trying to sell them.
👉 When a bid is placed on an NFT, that NFT will have a purple backdrop. A bot in the CryptoPunks Discord channel will publicize any upcoming auctions.
👉 To date, the “CryptoPunk #3100” sold on March 11, 2021, for 4,200 Ethereum, making him the most expensive CryptoPunk ever sold (totalling USD 7.6 million at the time).
Features
| 💻 Feature | ℹ️ Information |
| Marketplace Type/Categories | Collectibles |
| Payment Methods | Ethereum |
| Overall Rating | 2.5/5 |
| Year Launched | 2017 |
| Blockchain | Ethereum |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| There are no services fees charged on CryptoPunks or Meebits | There are limited NFT options |
| CryptoPunks are some of the most renowned NFTs | The website and marketplace have different layouts when compared to other marketplaces, which results in a learning curve for inexperienced users |
| Larva Labs does not support the minting of NFTs |
10. Foundation
Overview
👉 Foundation is a market for NFTs that enables artists to purchase and sell NFT artwork in an auction format. When a minimum bid is established, auctions last for 24 hours.
👉 The firm was established in 2020, and it takes pleasure in curating unique digital art. Foundation has shown digital materials by notable NFT artists such as Kevin Roose, Pak, and Jack Butcher, among others.
👉 The buzz around the new creative economy has overwhelmed several markets with fresh mints. This buzz subsequently forced prospective purchasers to filter through many GIFs and memes to locate the asset.
👉 To keep things simple, Foundation sells fewer items on its marketplace, enabling purchasers to locate potentially valuable paintings readily.
👉 Like other of the greatest NFT marketplaces like OpenSea and Rarible, Foundation is a DeFi platform that operates on the Ethereum blockchain and enables the purchase and sale of original digital artwork.
👉 However, being able to sell on Foundation requires an invitation from one of their present artists, making it a challenging prospect to get.
👉 When offering crypto art for sale, producers establish a “reserved” price that must be fulfilled before the auction may begin. Then, when a prospective buyer submits a good offer, a 24-hour action will commence.
👉 In the case of a last-minute bid, the clock will remain frozen for 15 minutes. Both parties will settle the deal after the auction. Foundation generates revenue from main sales commissions, like other exclusive markets such as SuperRare.
👉 The art suppliers will pay a 15% transaction fee to the site. Consequently, as the developer of the non-fungible tokens, the artist will get 10% perpetual royalties on any future sales of their artwork.
Features
| 💻 Feature | ℹ️ Information |
| Marketplace Type/Categories | Images, Videos, 3D Art |
| Payment Methods | Ethereum |
| Overall Rating | 3/5 |
| Year Launched | 2020 |
| Blockchain | Ethereum |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| Nigerians who want to buy art NFTs can buy them at Foundation | The marketplace fee is 5%, which is more than that of other platforms |
| The design of Foundation is user-friendly and simple | Users must have a compatible web3 wallet to make purchases |
| The platform is renowned for minting NFTs because of its setup and fee structure | There is a steep 15% commission fee on primary sales |
| Creators can earn 10% royalties on secondary sales | |
| The auctions are popular and allow creators to earn more than they might on other platforms | |
| The platform is selective of artists, and the few chosen will gain more exposure |
How to Choose the Right NFT Marketplace in Nigeria
👉 Nigerians will have recently seen references to non-fungible tokens (NFTs) around the Internet. In 2020, the NFT industry continued to expand, and the technology initially designed to assist artists now draws celebrities, athletes, gamers, and even multinational organizations.
👉 There are now a variety of NFT markets where you may purchase and trade these unique tokens. However, given the abundance of available alternatives, choosing the platform that will best serve your interests and, most importantly, be 100% safe and trustworthy might be challenging.
👉 Below we have provided Nigerians a guide on choosing the right NFT Marketplace suitable to their unique trading needs and requirements.
Identify the type of marketplace you need
👉 Some NFT markets may contain a wide range of various sorts of NFTs, while others specialize in just one category.
👉 Additionally, NFT markets are classified as either streamlined or enhanced. Streamlined platforms accommodate a wider variety of NFTs and provide more local generic services. In contrast, augmented platforms specialize in specialty NFTs and give a more customized experience.
👉 Streamlined NFT markets are more adaptable, accepting credit cards and cryptocurrency payments in Bitcoin, Ethereum, and other tokens. As a result, they often provide few extra services and have a large user base.
👉 Meanwhile, augmented markets provide more sophisticated services, such as minting, marketing, curation, price suggestions, and portfolio trackers. Unfortunately, this results in increased transaction fees and setup charges. Some popular NFT Marketplace categories include:
➡️ Art
➡️ Music
➡️ ASMR
➡️ Tweets
➡️ Game Assets
➡️ Sports, and more.
Consider the Security of the Marketplace
👉 Choose an NFT marketplace with sufficient security measures to protect yourself from fraudulent actions.
👉 Two-factor authentication (2FA) and sophisticated encryption must be implemented. In addition, a marketplace should require you to create a secure password, ideally saved in a physical form, and use a hardware wallet.
Examine the Digital Wallet Compatibility
👉 Ensure that the marketplace you choose allows numerous crypto wallets and payment methods so that participating in transactions is quick and convenient.
Consider the Navigation
👉 An NFT marketplace best serves its users when it provides intuitive navigation for vendors and buyers among its collections and subcategories. Nigerians must ensure that they can see the list of available NFTs along with the following information:
➡️ Price
➡️ Number of bids
➡️ Owner
➡️ Transaction history
View the Marketplace Ratings
👉 Before selecting an NFT marketplace, you should analyse user evaluations and platform statistics as valuable sources of information.
👉 The finest platforms will make all data accessible to the public. You can easily get this information on sites like DappRadar and Statista, as well as on the markets’ own websites.
Evaluate the Gas Fees
👉 A market should strive to reduce the annoyance of gas fees by decreasing the price, allowing lazy minting, or eliminating gas fees overall, for example.
The Best Crypto CFD Brokers in Nigeria
👉 In this article, we have listed the best brokers that offer trading solutions and opportunities to traders in Nigeria. We have further identified the brokers that offer additional services and solutions to Nigerian traders.
Best MetaTrader 4 / MT4 Broker in Nigeria
Overall Rating
- 4.8/5
Total Pairs
66
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
👉 Overall, Axi is the best MT4 Broker in Nigeria. More than 130 different items from Axi are available for trading on MetaTrader 4. Axi offers some of the greatest trading conditions to Nigerian traders, including minimal opening spreads on all account types.
Best MetaTrader 5 / MT5 Broker in Nigeria
Overall Rating
- 4.7/5
Total Pairs
32
Islamic Account
No
Trading Fees
Low
Account Activation Time
24 Hours
👉 Overall, RoboForex is the best MetaTrader 5 broker in Nigeria. RoboForex provides traders with a selection of 12,000 tradable instruments that may be traded on MetaTrader 5 in addition to a few more potent trading platforms.
Best Broker for beginners in Nigeria
Overall Rating
- 4.9/5
Min Deposit
USD 100 / 41450 NGN
Regulators
ASIC, FSA
Trading Desk
MetaTrader 4, MetaTrader 5, Ava Social, Ava Protect, Trading Central
Crypto
Yes
Total Pairs
55+
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
👉 Overall, AvaTrade is the best Broker for beginners in Nigeria. For new traders in Nigeria, AvaTrade provides some of the greatest teaching resources. Along with webinars, seminars, and other events, there are several manuals and videos.
Best Low Minimum Deposit Broker in Nigeria
Overall Rating
- 4.8/5
Total Pairs
50+
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
👉 Overall, HF Markets is the best Low Minimum Deposit Broker in Nigeria. With a minimum investment of 2,000 Naira, HF Markets provides live trading accounts to Nigerian traders.
👉 Popular MetaTrader cryptocurrency broker HF Markets also has an in-house trading app for iOS and Android users.
Best ECN Broker in Nigeria
Overall Rating
- 4.1/5
Min Deposit
USD 10 / 4145 NGN
Regulators
ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB
Trading Desk
MetaTrader 4, MetaTrader 5, cTrader and TradingView
Crypto
No
Total Pairs
60+
Islamic Account
No
Trading Fees
Low
Account Activation Time
24 Hours
Trading margined products carries a high level of risk. Pepperstone Markets Kenya Limited, CMA Licence No. 128
👉 Overall, Pepperstone is the best ECN Broker in Nigeria. One of the biggest forex and CFD brokers in the world, Pepperstone provides services in more than 170 nations.
👉 Nigerian traders should anticipate among of the quickest transaction execution times with little to no slippage and no requotes.
Best Islamic / Swap-Free Broker in Nigeria
Overall Rating
- 4.9/5
Min Deposit
USD 0 / 0 NGN
Regulators
ASIC, BVI, CFTC, FCA, FFAJ, FSC, IIROC, MAS, NFA
Trading Desk
Metatrader 4 and Metatrader 5
Crypto
Yes
Total Pairs
45
Islamic Account
No
Trading Fees
Low
Account Activation Time
24 Hours
👉 Overall, OANDA is the best Islamic / Swap-Free Broker in Nigeria. Three different retail accounts are available from OANDA. This includes a specific Islamic account that is provided to Muslim traders in Nigeria who adhere to Sharia law.
Best Trading App in Nigeria
Overall Rating
- 4.7/5
Min Deposit
USD 1 (415 NGN)
Regulators
IFSC, FSCA (south africa), ASIC, CySEC
Trading Desk
MetaTrader 4, MetaTrader 5, FBS Trader – all in one mobile trading platform.
Crypto
Yes
Total Pairs
250
Islamic Account
Yes
Trading Fees
Low
Welcome Bonus
$140 (58 116 NGNFind out More)
Account Activation Time
Instant
👉 Overall, FBS is the best trading app in Nigeria. FBS provides its cryptocurrency account through the FBS Trader. Many features and some of the greatest market analyses are available to Nigerians.
Best Nigerian Naira Trading Account Broker in Nigeria
Overall Rating
- 4.9/5
Min Deposit
USD 10 / 4145 NGN
Regulators
CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA
Trading Desk
MT4, MT5, MT4 WebTerminal, mobile (iOS & Android, Exness Trader)
Crypto
Yes
Total Pairs
97
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
👉 Overall, Exness is the best Nigerian Naira trading account Broker in Nigeria. One of the top multi-currency brokers that provide accounts in NGN is Exness. Exness is a broker that only works with MetaTrader and has a limited selection of trading options.
Best Lowest Spread Broker in Nigeria
Overall Rating
- 4.7/5
Min Deposit
USD 200 / 82900 NGN
Regulators
ASIC
Trading Desk
Metatrader 4
Crypto
Yes
Total Pairs
65
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
👉 Overall, IC Markets is the best lowest spread Broker in Nigeria. IC Markets provides some of the narrowest spreads in the market because of its pure ECN execution mechanism.
👉 Nigerian traders can choose from a variety of crypto CFDs at IC Markets, which offers services to traders all over the world.
Best NDD Broker in Nigeria
Overall Rating
- 4.5/5
Min Deposit
USD 5 / 2 075 NGN
Regulators
IFSC, CySec, ASIC
Trading Desk
Desktop MT4 and MT5, Mobile MT4 and MT5, XM mobile app, Web platform
Crypto
No
Total Pairs
57
Islamic Account
Yes
Trading Fees
No (Just spread)
Account Activation Time
24 Hours
👉 Overall, XM is the best NDD Broker in Nigeria. XM is a well-known No-Dealing Desk broker that offers services to over 2.5 million traders worldwide. A portion of XM’s broad selection of more than 1,000 financial products includes cryptocurrency CFDs.
Best STP Broker in Nigeria
Overall Rating
- 4.7/5
Min Deposit
USD 100 / 41450 NGN
Regulators
CySEC, FCA, FSA, FSCA, Labuan FSA
Trading Desk
Meta Trader 4
Crypto
Yes
Total Pairs
62
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
👉 Overall, Tickmill is the best STP Broker in Nigeria. One of the finest brokers for new traders in Nigeria is Tickmill, which provides outstanding STP and ECN execution along with clear trading costs.
Best Sign-up Bonus Broker in Nigeria
Overall Rating
- 4.5/5
Min Deposit
USD 1 / 415 NGN
Regulators
IFSC
Trading Desk
Metatrader 4
Crypto
Yes
Total Pairs
300
Islamic Account
No
Trading Fees
Low
Account Activation Time
24 Hours
👉 Overall, SuperForex is the best sign-up bonus Broker in Nigeria. One of the brokers with the broadest selection of promos and incentives is SuperForex, which provides customers with a choice of 11 trading accounts.
Conclusion
👉 An NFT marketplace is a digital marketplace for the purchase and sale of NFTs. These services enable users to keep and show their NFTs and sell them for cryptocurrency or fiat cash. However, Nigerians must remember that not all marketplaces are the same.
👉 Therefore, Nigerians must decide the type of NFTs they want to buy. Next, they must evaluate different marketplaces, their fees, categories they offer, security, and other components, to determine whether a platform will suit their unique needs.
FAQ
Which NFT Trading platforms is the most popular in Nigeria?
Our research reveals that OpenSea, one of the oldest and largest peer-to-peer NFT Marketplaces is very popular in Nigeria.
Where do I start trading on NFT platforms in Nigeria?
Nigerians must choose an ERC-20 compatible digital wallet to start trading NFTs. Next, Nigerians can select a trading platform/marketplace where their preferred category of NFTs is listed (games, art, videos, etc.) and purchase or sell NFTs.
Can I really make money through NFT platforms in Nigeria?
Yes, you can create and list your NFTs on marketplaces that welcome creators. Once your NFT has been listed, you must pay the gas fees, and you can make money from your NFT.
How can I sell art in a NFT trading platform in Nigeria?
Once you have minted your NFT, you can choose a marketplace where it will be listed and ensure that you have a compatible crypto wallet. Then, you can upload your artwork in PNG, GIF, WEBP, MP4, or MP3 on most marketplaces.
Next, depending on the marketplace, you can sell your NFT at a fixed price and hold an Unlimited Auction or a Timed Auction. In addition, you will be subject to a listing fee and a commission fee when your NFT is purchased, depending on the marketplace where you sell your NFT art.
Does Foundation NFT Trading platform charge commissions in Nigeria?
Yes, a commission of 5 % is charged by Foundation NFT trading platform in Nigeria.
Top 3 Brokers