10 Best Web3 Stocks to Buy in Nigeria
The 10 Best Web3 Stocks to Buy in Nigeria revealed. We tested and verified the best Web3 Stocks to Buy for Nigerian Traders.
This is a complete list of Web3 Stocks to Buy in Nigeria.
In this in-depth guide you’ll learn:
- What is a Web3 Stock?
- What are Web3 penny stocks?
- Is Web3 a good investment for a Nigerian trader?
- Where can you buy Web3 stocks?
- 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 Web3 Stocks to Buy in Nigeria…
Let’s dive right in…
- Louis Schoeman
10 Best Web3 Stocks to Buy in Nigeria (2023)
What are Web3 Companies?
👉 One of the distinguishing characteristics between a tech firm (Web 2.0) and a Web3 company is that the company’s commercial objectives correspond with several aspects.
👉 These include a total concentration on decentralization, entire ownership of the product or technology, and the breadth of the technology being used, such as blockchain-related technologies, artificial intelligence (AI), machine learning (ML), and Internet of things technologies.
1. Fastly, Inc. (NYSE: FSLY)
Overview
👉 Fastly, Inc. (Fastly) is a corporation that operates a real-time content delivery network (CDN). The company offers delivery, security, streaming media, e-commerce, and private CDN services.
👉 The user can control traffic surges and reduce security issues using Fastly. In addition, Fastly collaborates with Google Cloud Platform to enhance the user’s infrastructure and application logic for content delivery, backend workload, scalability, and infrastructure expenses.
👉 Fastly’s streaming media services provide worldwide distribution of live and on-demand video content (VOD). Built from the bottom up to be programmable and to facilitate agile software development, the company’s edge cloud platform is a platform for agile software development.
👉 Its platform comprises two essential elements: a programmable edge and a contemporary software-defined network. Developers have real-time visibility and control at the programmable edge, where they may build and deploy code to bring application functionality to the edge.
Valuation
| 📊 Metrics | ℹ️ Information |
| Share Price | $9.27 |
| Market Capitalization | 1.131 billion USD |
| P/E Ratio | -16.45 |
| EPS (TTM) | -2.01 |
| 52-Week range | $9.12 – $10.02 |
| Dividend Yield | – |
2. TE Connectivity Limited (NYSE: TEL)
Overview
👉 TE Connection Ltd. designs and manufactures solutions for connectivity and sensors. It operates in Transportation, Industrial, and Communications Solutions sectors.
👉 If Web 3.0 is better than previous networking technologies, it is in its near-complete digitization. The world is racing toward a cloud-based environment where everything runs. Thus, humanity is increasingly moving away from the physical tying of gadgets.
👉 But if one feature of Web 3.0 causes concern, it is digitalization. Internet connection solutions continue to rely on physical media. In other words, bringing broken equipment to the table diminishes the attractiveness of Web3 stock.
👉 But this is also why forward-thinking investors on the Internet should select TE Connectivity. As a significant provider of connectors and sensors for various sectors, TE is crucial to the spread of 5G. The firm offers the physical backbone of connection solutions, allowing customers to experience the advantages of the next-generation Internet effortlessly.
👉 Moreover, as demand for sophisticated communications infrastructures increases, TEL could tag along. It might not be the most attractive Web3 stock, but it does the job.
Valuation
| 📊 Metrics | ℹ️ Information |
| Share Price | $126.77 |
| Market Capitalization | 40.546 billion USD |
| P/E Ratio | 16.59 |
| EPS (TTM) | 7.64 USD |
| 52-Week range | $107.12 – $166.44 |
| Dividend Yield | 1.77% |
3. Apple, Inc. (NASDAQ: AAPL)
Overview
👉 Some of the top Web3 stocks to purchase are not even participating in this area. This is because they supply the necessary goods or services for the Web3 idea to grow.
👉 Apple is one example because consumers will require a smartphone and an internet connection to interact with many of the problems Web3 intends to tackle. For instance, those who seek to conduct decentralized transactions on the Web3 network will use cryptocurrency.
👉 To store and access these coins, a mobile wallet will be necessary. In addition, Mac computers are often the favoured option for developers constructing DApps and coding smart contract data. Consequently, this is an additional area in which Apple could help the Web3 ecosystem.
👉 Apple has yet to demonstrate direct engagement in the development of Web3, although the company is undeniably an innovation.
👉 Consequently, there is a strong possibility that management may alter its attitude toward this growing technology. In addition, Apple has approximately $200 billion in cash reserves, giving it considerable resources for studying the Web3 market.
Valuation
| 📊 Metrics | ℹ️ Information |
| Share Price | $163.62 |
| Market Capitalization | 2.63 trillion USD |
| P/E Ratio | 27.04 |
| EPS (TTM) | 6.05 USD |
| 52-Week range | $129.04 – $182.92 |
| Dividend Yield | 0.54% |
4. Marqeta, Inc. (NASDAQ: MQ)
Overview
👉 A digital economy such as Web3 demands novel payment technologies. Unfortunately, Coinbase cannot just wave a magic wand and have its Coinbase card function flawlessly.
👉 These novel payment products are made possible by Marqeta’s (NASDAQ: MQ) application programming interface (API), which enables users to create bespoke payment solutions.
👉 Its software connects new payment items to the conventional financial operating system, which utilizes payment networks such as Visa and Mastercard. It is the intermediary between the new and the ancient. Marqeta may issue tokenized credit cards that are compatible with Web3 apps.
👉 Marqeta’s work extends beyond crypto applications; its customers include Block, DoorDash, and others. The firm makes income by collecting a tiny percentage of each transaction involving items it powers. In other words, Marqeta’s income increases as its client base expands.
👉 This approach has made Block its biggest client, accounting for over 70% of total revenue, but if the company develops additional products, its customer concentration may decrease.
👉 Since its initial public offering in 2021, the share price has continuously declined, falling more than 70% from its 52-week highs. The stock’s market capitalization of $5.5 billion corresponds to a P/S ratio of 10.
👉 The most recent quarter’s sales increased by 56% year-over-year to $131.5 million. The firm is not yet profitable, but it is developing rapidly. Investors should monitor the company’s expansion when new products like the Coinbase card are introduced.
👉 Additionally, investors should monitor Marqeta’s integration of new goods going ahead.
Valuation
| 📊 Metrics | ℹ️ Information |
| Share Price | 7.13 USD |
| Market Capitalization | 4.012 billion USD |
| P/E Ratio | – |
| EPS (TTM) | -0.46 USD |
| 52-Week range | $6.05 – $37.90 |
| Dividend Yield | – |
5. Coinbase Global, Inc. (NASDAQ: COIN)
Overview
👉 Considering the state of this specialized sector in 2023, Coinbase is undoubtedly the greatest Web3 stock to purchase now.
👉 Although not a pure-play stock, Coinbase is the closest we currently have to a Web3 expert. Coinbase is not just one of the world’s biggest cryptocurrency exchanges but also provides various other services connected to Web3.
👉 Coinbase, for example, is home to a recently opened NFT marketplace. Coinbase’s goal is to operate at the vanguard of Web3, which is a fantastic advantage for the company’s pursuit of that goal.
👉 Keeping in mind that NFTs are anticipated to play a significant part in the future of decentralization and private ownership. In addition, Coinbase provides crypto-backed Visa prepaid cards and staking services.
👉 Coinbase is the sole public cryptocurrency exchange in the United States, with its shares listed on the NASDAQ. The company went public for the first time in April 2021; therefore, this may appeal to investors seeking growth stocks.
👉 Consequently, the value of Coinbase shares has decreased significantly since its first public offering.
👉 For example, following its first day of trading on the NASDAQ, Coinbase stock was traded for $342 a share. Since then, the stock price has plummeted to an all-time low of $40 per share.
👉 This marks a loss of almost 88% from its initial public offering price. Even though, at first look, this should be the reason for alarm, it is essential to recall that 2023 was a terrible year for cryptocurrencies.
👉 Consequently, this has had a direct effect on the stock price of Coinbase. On the other side, many would argue that Coinbase is selling at a discount at any price below $100 per share. With approximately 100 million verified users, Coinbase has all the necessary resources for success.
Valuation
| 📊 Metrics | ℹ️ Information |
| Share Price | $66.74 |
| Market Capitalization | 17.479 billion USD |
| P/E Ratio | 6.83 |
| EPS (TTM) | 9.78 USD |
| 52-Week range | $40.83 – $368.90 |
| Dividend Yield | – |
6. Advanced Micro Devices, Inc. (NASDAQ: AMD)
Overview
👉 Advanced Micro Devices (AMD) is a well-known semiconductor business that designs and develops computer CPUs and graphics technologies. The corporation was founded in 1969 and is headquartered in Santa Clara, California, with substantial operations in Austin, Texas.
👉 AMD’s first-quarter sales were $5.9 billion, a 71% increase over the same time last year. The chipmaker’s non-GAAP gross margin increased by 660 basis points, resulting in a 117% increase in adjusted profits to $1.13 per share year-over-year.
👉 Last quarter, AMD’s adjusted operating margin increased nine percentage points year-over-year to 31%. Significantly better than its bigger rival, AMD is surviving the seeming freefall of the PC industry.
👉 The long-term outlook remains optimistic, with a wide-open window supported by Intel’s ongoing roadmap delays and pushes and significant market exposure.
👉 The long-term outlook remains optimistic, with a wide-open window supported by Intel’s ongoing roadmap delays and pushes and significant market exposure.
👉 According to a third-party estimate, the worldwide market for data centre accelerators may have a compound annual growth rate (CAGR) of 36.7% through 2026, with revenues topping $65 billion by the projection’s end to $13.7 billion in 2017.
👉 This enormous rise is expected, and increased demand for CPUs capable of accelerating workloads has resulted from the exponential expansion in data volume.
👉 Because of their capacity to manage the workloads associated with artificial intelligence (AI) and deep learning, accelerators such as central processing units (CPUs), graphics processing units (GPUs), and field-programmable gate arrays (FPGAs) are seeing increased use in data centers.
👉 AMD is already capitalizing on this expansion since it offers all three kinds of data centre accelerators.
👉 In the first quarter, the company’s revenue from the enterprise, embedded, and semi-custom (EESC) business, which includes server processor sales, soared 88% year over year to $2.5 billion. AMD attributed this tremendous gain to increased sales of its EPYC server CPUs.
Valuation
| 📊 Metrics | ℹ️ Information |
| Share Price | $91.18 |
| Market Capitalization | 147.194 billion USD |
| P/E Ratio | 40.17 |
| EPS (TTM) | 2.27 USD |
| 52-Week range | $71.60 – $164.48 |
| Dividend Yield | – |
7. Verizon Communications, Inc. (NYSE: VZ)
Overview
👉 An internet connection will be necessary to access Web3’s many perks. In addition, given how much data the Web3 will need to provide a satisfactory user experience, 5G will be heavily used.
👉 For this reason, Verizon Communications is one of the best Web3 stocks to purchase. As one of the largest global telecommunications firms, Verizon has a significant presence in the 5g market.
👉 Verizon has already indicated its aim to offer the needed 5G network for the metaverse, which is interesting. In addition, the company’s 5G Ultra-Wideband network now serves 100 million users, with more extensions planned.
👉 Verizon’s investment in this Web3 stock has been lacklustre in recent years. Over the last 12 months, the stocks have declined by more than 13%.
👉 Over the last five years, just 6% growth has been accomplished. Thus, Verizon is well-positioned to reap substantial benefits from its rapidly expanding 5G deployment.
👉 Currently, the company offers a dividend yield of more than 5%. As of this writing, Verizon has a P/E ratio of just over 9.6 times, indicating that investors may purchase Web3 stock at an attractive price.
Valuation
| 📊 Metrics | ℹ️ Information |
| Share Price | $43.25 |
| Market Capitalization | 181.637 billion USD |
| P/E Ratio | 8.68 |
| EPS (TTM) | 4.98 USD |
| 52-Week range | $43.22 – $55.51 |
| Dividend Yield | 5.80% |
8. NVIDIA Corporation (NASDAQ: NVDA)
Overview
👉 When looking for the finest Web3 stocks to invest in, blockchain mining is another sector that should be considered. For blockchain networks to maintain their decentralized nature, miners must confirm and authenticate transactions.
👉 As a result, miners need specialized hardware devices to do this, most of which are graphics processing units (GPUs).
👉 NVIDIA has a significant lead over its competitors in the worldwide GPU business and is thus the market leader. This company is traded on the NASDAQ stock market, and over the last several years, it has provided investors with outstanding profits.
👉 For example, investors in NVIDIA have seen returns on their investments of more than 310% over the last five years. In contrast, the growth of the NASDAQ Composite over the same period as the preceding year was 75%.
👉 NVIDIA has a solid balance sheet and enough cash flow available to spend. In addition, according to the company’s most recent quarterly financial report, the business brought in sales of $8.29 billion, representing a year-over-year increase of 46%.
Valuation
| 📊 Metrics | ℹ️ Information |
| Share Price | $162.60 |
| Market Capitalization | 405.199 billion USD |
| P/E Ratio | 43.60 |
| EPS (TTM) | 3.73 USD |
| 52-Week range | $140.55 – $346.47 |
| Dividend Yield | 0.09% |
9. Cloudflare, Inc. (NYSE: NET)
Overview
👉 Cloudflare is a rapidly expanding firm that was established for the first time in 2009. The company has developed expertise in cloud computing services and DDoS mitigation using enormous data centers.
👉 NFTs are anticipated to play a significant role in this market, especially regarding their engagement in Web3. Considering this, the Cloudflare network has just added support for the secure storage of NFT collections.
👉 The system enables authors of video material to demonstrate ownership by supplying a one-of-a-kind ERC-271 token ID and contract address.
👉 People will be able to transmit and show their work using this solution while at the same time having peace of mind that their ownership of copyright will be appropriately recorded. In 2019, exactly ten years after the company was established, Cloudflare had its first public offering.
👉 Since the initial public offering (IPO), the value of the stocks has increased by more than 130%, thanks to the company’s decision to list on the NASDAQ market.
👉 As this article is being written, Cloudflare has a market valuation of less than $15 billion, which indicates that the upside potential on this Web3 stock might be enormous.
Valuation
| 📊 Metrics | ℹ️ Information |
| Share Price | $64.39 |
| Market Capitalization | 21.085 billion USD |
| P/E Ratio | – |
| EPS (TTM) | -0.83 USD |
| 52-Week range | $38.96 – $221.64 |
| Dividend Yield | – |
10. Unity Software, Inc. (NYSE: U)
Overview
👉 This company is responsible for developing a robust engine that enables game designers from many levels of society to build original video game titles. As a result of the anticipated meteoric rise in popularity of decentralized gaming, this topic is undeniably significant for Web3 of the future.
👉 Unity Software was established in 2004 and just made its debut on the stock market in September 2020. The company is operating under an untested business strategy, which may explain why the stock has not done as well as the markets had hoped it would.
👉 The market capitalization of the equities as of this writing stands at a more manageable, slightly more than $10 billion.
👉 Therefore, individuals who are prepared to keep this Web3 stock long-term to take advantage of its most significant potential appreciation may consider purchasing it.
👉 According to the most recent quarterly report, this rapidly expanding firm has had a year-over-year increase in sales of 36%, which is a significant and positive development.
👉 As a direct consequence, the company’s profits per share increased by 20%. In addition, the year-over-year change in the amount of cash on hand saw a 161% increase.
Valuation
| 📊 Metrics | ℹ️ Information |
| Share Price | $44.58 |
| Market Capitalization | 13.292 billion USD |
| P/E Ratio | – |
| EPS (TTM) | -2.10 USD |
| 52-Week range | $29.09 – $210.00 |
| Dividend Yield | – |
How to choose the Right CFD Broker in Nigeria
👉 The need for Bitcoin brokers has grown because of the thousands of individuals interested in investing in cryptocurrencies globally.
👉 Numerous Bitcoin brokers will be offering their services on the market, but you will also run across reports of frauds involving Bitcoin brokers.
👉 Not all Bitcoin brokers can be trusted since many of them have turned into frauds. Even if they are, they lack adequate security measures or are deficient in certain key areas, which may cause a lot of issues for Bitcoin traders.
👉 You must thus carefully choose a crypto broker, and we have provided key features that you must verify before you deal with a crypto broker.
Background and Financial Backing
👉 A good Bitcoin broker has robust financial support, which necessitates a substantial capital basis. This ensures that your Bitcoin is secure and that the broker will not go bankrupt.
Experience and Credibility
👉 The crypto market is young compared to other markets. However, this does not imply that all brokers are unskilled. There are reputable and professional Bitcoin brokers available for usage.
👉 Bitcoin brokers must possess the necessary qualifications, such as licenses from famous and respectable regulatory authorities and specialists on their staff. You can read reviews of the broker and get insight into their services to assess whether they are a good match for you.
Responsive Customer Support
👉 Since Bitcoin trading is available 24 hours a day, seven days a week, you could have a problem or query at any moment.
👉 Therefore, it is important to seek a broker who is accessible 24/7. Regardless of your time zone, they should have a competent support crew that can respond to inquiries and concerns in a timely and professional way.
Crypto Trading Fees and Commissions
👉 You must investigate the commissions and other costs that Bitcoin brokers impose. Ensure the broker outlines the fees they charge, and any other dangers associated so that you may make an informed choice.
Trading Platform
👉 No Bitcoin broker is complete without a user-friendly web, desktop, or mobile platform, often all three. These platforms are required for an assortment of reasons.
👉 They give customers a great degree of simplicity in Bitcoin trading, and a well-designed platform provides them with a variety of possibilities.
👉 These choices make things easier and more comfortable for novice and seasoned Bitcoin traders alike. Ensure that your preferred dealer has a modern platform or a selection of platforms.
Longevity of brokerage
👉 There may be a small number of trustworthy Bitcoin brokers that have just started up, but they are quite rare. If a Bitcoin broker has been in existence for an extended length of time, it has been doing something right, as shown by the fact that customers continue to depend on it.
Account Registration Process
👉 Very few traders realize that the registration procedures of Bitcoin brokers reveal a great deal about their character. Veteran traders in this industry can rapidly determine if a broker is excellent or terrible based just on the sign-up procedure.
👉 You may initially have some problems with spotting the legit Bitcoin brokers. However, as time goes by, you will have a better time distinguishing between excellent and unfavourable brokers. A vast number of depositing fees is a frequent indicator of a fraudulent sign-up procedure.
👉 Most instances in which Bitcoin brokers urge their customers to deposit a big sum of money to join up are probable scams. This is made apparent by the fact that many reputable Bitcoin brokers now accept little or no deposits from prospective clients.
👉 You should opt for these Bitcoin brokers instead of those that want vast quantities of money for crypto transactions.
👉 Additionally, investigate the process’s security. You can do this by examining the search bar’s top-left corner for an SSL certificate. This certificate ensures that a website is secure and will not expose your data to hackers.
Technical Support for Cryptocurrencies
👉 The distinction between customer service and technical assistance cannot be overstated. Most firms have technical support teams to assist clients with issues that need assistance from experts in that field.
👉 A significant majority of Bitcoin brokers lack any form of technical support personnel. They believe that their customer service professionals are sufficient for the task and depend only on them.
👉 The team should comprise Bitcoin industry veterans with decades of expertise. They should have a thorough understanding of how things operate and be able to deliver rapid answers within minutes.
👉 Determining whether a Bitcoin broker has a competent technical support staff might consume considerable time. In most instances, a substantial bit of trial and error is required.
Overall Convenience
👉 If a Bitcoin broker does not provide any convenience, they are not worth your time. As the environment changes, this sector is undergoing tremendous change. To make the appropriate judgments at the right time, you must be current on many matters.
👉 This is only achievable if your broker provides you with features that enhance your entire experience. Your broker’s platform should be compatible with a range of devices.
👉 Using your smartphone or tablet, you should be able to access your account and see all your trades and other crypto-related actions.
👉 Easy accessibility enables you to trade on the move while guaranteeing that you do not miss anything crucial and aside from that, the broker should utilize straightforward language.
Demo Account
👉 Today, one just cannot do without a reliable demo trading solution. There are several complex circumstances involved in Bitcoin trading. If you are just beginning in this sector, you will not know how to make timely judgments.
👉 You will lose a substantial amount of money as a result, and Bitcoin demo trading might help you avoid these errors.
👉 It will instruct you on trading in the actual world while guaranteeing that your selections do not negatively affect your funds. With this option, you will neither gain nor lose money. Nonetheless, you will get knowledge about how cryptocurrency trading is conducted.
The Best Brokers in Nigeria Overall
👉 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
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.
What exactly is Web3?
👉 Web3 is the future Internet. One that is entirely decentralized, permissionless, and propelled by peer-to-peer technology such as blockchain. Web3 is an open, secure, and centralized-government-free version of the World Wide Web.
👉 In 2004, Dr. Gavin Wood invented the phrase Web3. Wood advocated an alternative to Web2 in which users would not rely on corporations like Google, Apple, Amazon, Microsoft, and Facebook to access and utilize the Internet.
👉 Wood had recently assisted in the development of Ethereum, the second-largest cryptocurrency in terms of market capitalization. His original concept has subsequently evolved into a collection of organizations.
👉 Web3’s decentralized ecosystem does not rely on a single server or database cluster. Instead, programs and data are distributed over several peer-to-peer networks. The online public blockchain guarantees that all data are tokenized, making them more challenging to alter or hack.
👉 Web3 network is also permissionless, meaning data transit between peers does not need to be ‘verified’ by a central authority. Instead, authentication occurs at the level of the user.
👉 This vision of a borderless, frictionless future web is widespread in its concept of payments and smart contracts. Web3 offers a token-based native payment system, like contemporary cryptocurrencies.
👉 Decentralized service providers have millisecond latency and eliminate gatekeepers, allowing for a quicker, more secure manner of conducting financial transactions.
👉 Web3 may seem ambitious, but Decentralized Finance (DeFi) has already started building the framework to achieve its objectives. DeFi ecosystems provide blockchain-based, decentralized alternatives to conventional financial applications.
Why is Web3 Important?
It can help native payments
👉 Web3 facilitates financial transactions through the Internet without the need for banks or third parties. This implies that you could use blockchain to transmit money to another user without leaving your browser.
Easy Identification
👉 Most online platforms need users to sign up for an account before gaining access to a site. This signifies that you cannot be recognized as a site member unless you create an account and provide them access to certain crucial personal information.
👉 The advantages of Web3 become apparent when you can simply govern your digital identity using your crypto address and profile.
Inherent resistance to Censorship
👉 Web3 empowers internet users. In the cases of Web1 and Web2, internet businesses prefer to filter and monitor users’ behaviour and data.
Boosts AI
👉 Because of Web3’s decentralized design, the implementation of artificial intelligence will be widespread after its start. This artificial intelligence will assist people with medicine and authentic materials and will do so significantly more effectively than humans have in the past.
Refined Ownership
👉 Changing the narrative of internet ownership is one of Web3’s key features. An excellent illustration of this is while playing a game and buying in-game goods; removing your account from the gaming platform will result in the loss of the products.
👉 With Web3, however, you are the only owner of in-game objects such as non-fungible tokens (NFTs).
The Investment Potential in Web3
👉 Web 3.0 has no commonly acknowledged definition. Instead, it simply refers to the most recent progression of the web-based world.
👉 Consumers and investors benefit significantly from Web 3.0, which integrates technologies as diverse as machine learning, artificial intelligence, augmented reality, and the blockchain.
👉 As with any emerging technology, it is impossible to predict which organizations and sectors will thrive as Web 3.0 develops. Nonetheless, these are the major categories of investment possibilities that await individuals seeking a piece of Web 3.0.
👉 Web3 is a philosophical vision of what the Internet should be and a burgeoning tech investment field. A subset of individuals is developing the technology and creating new businesses and services based on it.
👉 By finding and investing in Web3 pioneers, investors are strategizing to guarantee that their existing technology investments will remain relevant throughout the next wave of technological revolution.
👉 The largest investors in Web3 are venture capitalists and Big Tech corporations, and Facebook’s move to rebrand as Meta indicates how seriously Web3 is being regarded.
👉 Big Tech corporations such as Facebook are attempting to shape the notion of the metaverse to guarantee that future interactions continue to occur on platforms they can control.
👉 This contradicts the core premise of Web3 (the rejection of the Web 2.0 big-tech-owned paradigm), and a delicate balance must be found between the engagement of Big Tech in Web3 and the financial streams they will provide throughout the development phase.
👉 However, unlike Web 2.0, Big Tech firms are not the sole dominant investors. Numerous individual investors are beginning to invest in Web3 and its possibilities.
👉 A huge portion of the investment goes into growing the companies based on the Web3 idea and technology. Therefore, investments are being made in the people who manage, maintain, and create these applications.
Conclusion
👉 Web3 stocks are publicly traded corporations with an interest in the Internet’s future. Web3 will endeavour to bring things to the next level. Internet decentralization is one of the primary aspects of Web3.
👉 This entails restoring control to internet users and removing it from large technology companies such as Google and Facebook. The ability to use internet services privately and securely is crucial.
👉 Before investing in an untested and nascent industry such as Web3, Nigerian investors must determine whether this scenario is a suitable match for their portfolio.
FAQ
What companies are building Web3?
Several companies are currently involved in developments in Web3, including OpenSea, Braintrust, Verizon, AMD, NVIDIA, Apple, and many more.
Can Nigerians invest in Web3?
Yes, Nigerians can invest in Web3 by supporting blockchains involved in Web3 like Ethereum Cardano, Solana, and others.
In addition, other ways to get involved include buying stocks of Web3 companies, minting NFTs, and more.
Is Web3 just crypto?
Web3 is intricately linked to crypto and blockchain technology. As a result, web3 has become an umbrella name for the concept of a new and improved internet.
At its foundation, Web3 combines blockchains, cryptocurrencies, and non-fungible tokens to return ownership to consumers.
Is Web3 the future?
Yes, Web3 is the future of transitioning from a centralized system and processing toward decentralized networks.
What are Web3 start-ups?
Web3 start-ups are a group of blockchain-powered companies working towards developing a decentralized internet.
