Best Banks For Crypto Trading And Buying Cryptocurrency In Nigeria (2024)

Best Banks for Crypto Trading and Buying Cryptocurrency in Nigeria 2024

1. GTBank (Guarantee Trust Bank)

GTBank is one of the leading banks in Nigeria, and they have embraced the growing demand for cryptocurrency trading.

They have partnered with international crypto exchanges like Paxful and Luno to provide a seamless platform for buying and trading cryptocurrencies like Bitcoin, Ethereum, and others. Customers can easily deposit and withdraw funds using their GTBank accounts.

To get started with this bank, kindly visit any nearest Gtbank near you to open an account immediately.

2. Access Bank

Access Bank is also one of the Best Banks for Crypto Trading and Buying Cryptocurrency in Nigeria 2024.

This bank has also recognized the potential of cryptocurrencies and has joined forces with international exchange platforms like Binance and Paxful to offer crypto trading services to its customers.

As an Access Bank account holder, you can trade and buy various cryptocurrencies using your Access Bank account, making it a convenient option for Nigerians today.

3. Zenith Bank

Zenith Bank is another major player in the Nigerian banking industry, and they have started offering crypto trading and buying services through their partnerships with crypto exchanges like Binance and Paxful similarly to Access Bank.

Read: Best Loan App in Nigeria with Low Interest Rate 2024

Customers can buy and sell cryptocurrencies using their Zenith Bank accounts, making it a popular choice for those looking to invest in digital currencies.

4. United Bank for Africa (UBA)

UBA has entered the crypto trading and buying market by partnering with some international crypto exchanges, of which Luno is one of them.

Customers can use their UBA accounts to deposit and withdraw funds for trading and buying cryptocurrencies like Bitcoin, Ethereum, and others. UBA’s platform is absolutely easy to use and offers a wide range of features for its amiable customers.

5. First Bank of Nigeria

First Bank of Nigeria Is one of the oldest banks in Nigeria, it has also joined the crypto trading and buying scene by collaborating with crypto exchanges like Paxful and Luno exchanging platforms.

Account holders can easily deposit and withdraw funds using their First Bank accounts, therefore making it a convenient option for those looking to invest in digital currencies in Nigeria.

6. FCMB (First City Monument Bank)

We also have First City Monument Bank (FCMB) as one of the very Best Banks for Crypto Trading and Buying Cryptocurrency in Nigeria today.

The bank is known for being in partnership with Binance and Paxful to provide crypto trading and buying services to its customers.

Read: Best Banks with Low Charges in Nigeria (2024)

Account holders can trade and buy various cryptocurrencies using their FCMB accounts, making it a convenient option for Nigerians looking to invest in digital currencies.

To open an FCMB account, it’s more recommended to visit the bank and follow the necessary instructions.

7. Fidelity Bank

Fidelity Bank is never left out of the Best Banks for Crypto Trading and Buying Cryptocurrency in Nigeria today.

This bank, similarly to other banks, has entered the cryptocurrency market by partnering with international exchange platforms like Binance and Paxful.

As a customer, you can buy and sell cryptocurrencies using your Fidelity Bank accounts, making it a popular choice for those looking to invest in digital currencies in Nigeria today.

8. Sterling Bank

Sterling Bank has embraced the growing demand for cryptocurrencies by partnering with Binance and Paxful.

Customers can use their Sterling Bank accounts to deposit and withdraw funds for trading and buying cryptocurrencies like Bitcoin, Ethereum, and others. Sterling Bank’s platform is easy to use and offers a wide range of features for its individual users.

9. Stanbic IBTC Bank

Stanbic IBTC Bank is another major player in the Nigerian banking industry, and they have started offering crypto trading and buying services through their partnerships with crypto exchanges like Luno and Paxful.

Customers can buy and sell cryptocurrencies using their Stanbic IBTC Bank accounts.

10. Union Bank of Nigeria

The last but not the least on Best Banks for Crypto Trading and Buying Cryptocurrency in Nigeria is Union Bank.

The Union Bank of Nigeria is amongst the banks that has entered the trading and buying market. This Bank is also in collaboration with Binance.

To get started, visit any Union Bank Branches in your location to open an account.

FAQs On Best Banks for Crypto Trading and Buying Cryptocurrency in Nigeria

Here are some frequently asked questions on Best Banks for Crypto Trading and Buying Cryptocurrency in Nigeria with answers:

What is the best bank account for crypto trading?

The best bank account for crypto trading in Nigeria would depend on the specific needs and preferences of the individual.

Some factors to consider when choosing a bank account for crypto trading include:

Bank’s crypto trading policies
Account types (e.g., savings or current accounts)
Transaction fees and limits
Customer support and ease of use

Considering these factors, some popular banks in Nigeria, such as GTBank, First Bank of Nigeria, and Access Bank, may be suitable options for crypto trading due to their crypto-friendly policies and services.

Which bank card can I use to buy Bitcoin in Nigeria?

In Nigeria, you can use various bank cards to buy Bitcoin, including:

Visa cards
Mastercard debit cards
Verve cards

These cards can be used on crypto exchange platforms like Binance and Paxful to purchase Bitcoin.

Can I use Kuda card to buy crypto?

Kuda is a digital bank in Nigeria that offers a Kuda card for transactions. While Kuda does not currently support direct crypto trading, you can still use your Kuda card to buy crypto on other platforms like Binance by linking your Kuda account to a bank account that supports crypto transactions.

Does Binance accept Kuda bank?

As mentioned earlier, Binance does not directly support Kuda bank for crypto trading.

However, you can still use your Kuda card to buy crypto on Binance by linking your Kuda account to a bank account that supports crypto transactions, such as GTBank, First Bank of Nigeria, or Access Bank.

Which app is best to buy Bitcoin with debit card in Nigeria?

There are several apps available for buying Bitcoin with a debit card in Nigeria. Some popular options include:

Binance
Paxful
Remitano

These apps allow users to buy Bitcoin using their debit cards and can be accessed via their mobile apps or websites. I’ll advise you to compare their features, fees, and customer support to find the best option for your needs.