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Nigeria

Buy bitcoin with Naira bank transfer (NGN) in Nigeria

Status
Legal
Currency
Nigerian naira (NGN)
Takes Naira bank transfer (NGN)
3 exchanges
Last reviewed
2026-08-12

3 of the exchanges we recommend in Nigeria take Naira bank transfer (NGN) for funding bitcoin purchases. It is the rail local buyers lead with, so it is usually the cheapest and fastest way in.

Exchanges that take Naira bank transfer (NGN) in Nigeria

Ranked as in our Nigeria guide. Every payment method shown is verified for this exact exchange and country pairing.

  1. 1Luno logo
    Luno4.0

    A DCG-owned exchange refocused on Africa and Southeast Asia, with a regulatory first in Nigeria.

    Fees
    Instant buys include a spread; the Luno Exchange order book charges lower maker-taker fees. Deposit costs vary by country and method.
    KYC
    Required
    Pay with
    Naira bank transfer (NGN), Mobile money and fintech wallets, Debit card
    Buy on LunoRead the Luno review
  2. 2Yellow Card logo
    Yellow Card4.1

    Africa's largest licensed crypto on-ramp, spanning more than 20 countries with local bank and mobile money rails.

    Fees
    Posted trading fees are low or zero; the cost sits in a spread built into the quoted buy and sell prices. Local deposits by bank transfer or mobile money are typically free.
    KYC
    Required
    Pay with
    Naira bank transfer (NGN), Mobile money and fintech wallets
    Buy on Yellow CardRead the Yellow Card review
  3. 3Paxful logo
    Paxful3.2Caution

    A P2P marketplace with more than 300 payment methods and a federal guilty plea on its record: tread carefully.

    Fees
    Sellers set their own prices, so the real cost is the premium over spot, which can be large, especially on gift card trades. Marketplace fees mostly fall on sellers and are passed through in the rate.
    KYC
    Required
    Pay with
    Naira bank transfer (NGN), Mobile money and fintech wallets, Debit card

    P2P marketplace: verify counterparties and use escrow

    Buy on PaxfulRead the Paxful review

See the full how-to-buy guide for NigeriaEverything about buying bitcoin with Local bank transfer

Other ways to pay in Nigeria

Local bank transfer in other countries

Frequently asked questions

Which exchanges accept Naira bank transfer (NGN) in Nigeria?

Of the 3 exchanges we recommend in Nigeria, Luno, Yellow Card, Paxful accept Naira bank transfer (NGN) for funding purchases.

Is buying bitcoin with Naira bank transfer (NGN) legal in Nigeria?

Bitcoin is legal in Nigeria and now actively regulated. The Investments and Securities Act 2025, signed in March 2025, expressly classifies digital and virtual assets as securities and gives the Securities and Exchange Commission oversight of virtual asset service providers, which must register or enter its Accelerated Regulatory Incubation Programme. The Central Bank of Nigeria lifted its banking restrictions in December 2023, so licensed platforms can hold naira banking relationships again.