Buy bitcoin with Mobile money and fintech wallets in Nigeria

Status: Legal
Currency: Nigerian naira (NGN)
Takes Mobile money and fintech wallets: 3 exchanges
Last reviewed: 2026-08-12

3 of the exchanges we recommend in Nigeria take Mobile money and fintech wallets for funding bitcoin purchases. It is one of several rails in use here; the full picture is in the Nigeria guide.

Exchanges that take Mobile money and fintech wallets in Nigeria

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

1
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 Luno Read the Luno review
2
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 Card Read the Yellow Card review
3
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 Paxful Read the Paxful review

See the full how-to-buy guide for Nigeria Everything about buying bitcoin with Mobile money

Other ways to pay in Nigeria

Mobile money in other countries

Frequently asked questions

Which exchanges accept Mobile money and fintech wallets in Nigeria?

Of the 3 exchanges we recommend in Nigeria, Luno, Yellow Card, Paxful accept Mobile money and fintech wallets for funding purchases.

Is buying bitcoin with Mobile money and fintech wallets 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.