With over 28 million crypto users in Nigeria in 2026, it is no wonder most people want to learn more about crypto and how to use P2P exchange platforms like Presto HQ, Binance, Bybit, and others to trade as beginners and earn profit. In today’s article, you will be getting the best tips on the most reliable platforms to trade cryptocurrencies and even giftcards. Here’s a quick table of contents if you’d like to skip the intro.

• What Is A P2P Trading Platform?
• Why P2P Exchanges For Crypto Trading in Nigeria
• Key Factors To Consider In Choosing a P2P Exchange
• Best P2P Crypto Exchange Platforms to Trade in 2025
• Conclusion

What Is A P2P Trading Platform?

Peer-to-peer trading, or P2P as it is fondly called, is a platform for users to interact with one another without the interference of a middleman or third party. It provides an opportunity for users to trade their crypto. These marketplaces let you buy and sell crypto directly with other users, paying in Naira gift cards or other cryptocurrencies without going through the stress associated with a traditional exchange platform.

It also offers an opportunity to sell coins like Bitcoin, USDT, and USDC for Naira instantly. Users get an opportunity to safeguard themselves from inflation by keeping their funds in crypto in case the naira crashes.

In essence, you can see P2P platforms as a Jiji or Chowdeck for crypto traders, where you don’t need to go through stress to convert your Bitcoin (BTC) to naira instantly. If you are worried about scams, there’s also an option for you to trade escrow, which means the P2P platform can wait for you to finish your transactions before parting with your crypto.

Why P2P Exchanges For Crypto Trading in Nigeria

In 2021, the Central Bank of Nigeria (CBN) put a ban on crypto trading for traditional exchanges like banks and even fined some banks that continued crypto transactions after the ban millions of naira.

In retrospect, Nigerians appeared to have no hope, but the emergence of P2P platforms such as Binance P2P proved to be a saviour. P2P crypto exchange platforms provide users with the following advantages:

• Guaranteed user safety using two-factor authentication methods and escrow payments for crypto transactions.
• Right to privacy, as traders can conduct transactions anonymously.
• ‘Liquid markets’ means that you can trade on the spot without waiting for a seller/buyer to come by.
• Control over the products you are trading.

Key Factors To Consider In Choosing a P2P Exchange

Here are some factors to consider while choosing a reliable P2P platform to trade your digital assets in 2026.

Security

Look for platforms with strong verification methods like KYC(Know Your Customer), escrow, and account protection. Remember ‘safety first’.

Ease of Use

A clean, user-friendly interface is a must. Beginners benefit from platforms with simple apps and clear workflows.

Payment Methods

Choose exchanges that accept your preferred payment. For example, with Presto HQ, you can make transfers directly to your local banks, like GTBank, Zenith Bank, and so on. And for microfinance banks like OPay, you get your money from trading with Presto within 120 seconds of initiating the transaction.

Diverse Cryptocurrencies To Trade

Be certain the platform you intend to trade with lists the coins you want (BTC, ETH, USDT, etc.). Some P2P platforms (like Presto HQ) even support gift cards.

Customer Support

It's important to prioritise a platform that answers you promptly, whether through chat or email, just in case a dispute arises. You want to be sure your funds are safe and not a platform that ghosts you.

Reputation

Read reviews. The best place for this is on your iOS app or your Play Store app for Android phones. For instance, Presto HQ is a platform that has been around for three years with over three million dollars in digital assets traded and 4.6 out of 5 stars.

Best P2P Crypto Exchange Platforms to Trade in 2025

Presto HQ

Presto Hq is one of the best platforms to trade cryptocurrency and gift cards in Nigeria today. With up to 50+ gift cards available and multiple coins to trade for Naira, like Ethereum and Bitcoin. You also get to trade your gift cards for Naira at competitive rates. Presto HQ has gift cards from 25+ countries available for you to trade. The most intriguing part about trading your digital assets with Presto is that you can trade as low as $5 for gift cards and $1 for coins. You can also withdraw as little as ₦2000 from the Presto HQ app.

Pros

• Wide variety of coins to trade, including Bitcoin (BTC), stablecoins like USDT and USDC, and other altcoins.
• Fast and reliable to use
• Supports payments via Nigerian bank transfers (GTBank, Access, etc.) and even gift cards.
• Competitive fees are very low on many trades.
• Instant response from the 24/7 online customer support
• Beginner-friendly app with a simple user interface
• Free referral bonus for users.

You can download the Presto app on iOS or Android.

Binance P2P

Binance is one of the world’s largest crypto exchanges, and its P2P marketplace lets Nigerians trade naira directly on the platform. After the CBN restrictions on cryptocurrencies in 2021, Binance offered an opportunity for P2P deposits and withdrawals to Naira wallets to be made in Nigeria. It was especially a blessing.

Pros

• A multi-bank payment system, which means that you can use nearly any major bank or payment app on Binance’s network.
• KYC (Know Your Customer) security protocols to safeguard customers
• Escrow payment ensures no crypto leaves the account until the transaction is completed
• Great Reputation and fast trades

Cons

• Expensive Lawsuits Against Binance by the Nigerian Government
• Allegations of fraud and money laundering
• Stringent regulatory measures imposed by the Federal Government

ByBit P2P

While the Bybit app is famously known for derivatives trading (assets derived from other financial assets like stocks and bonds), its P2P service is growing fast. Bybit’s P2P marketplace now offers zero-fee trading for the spot, which is appealing. It also supports major cryptocurrencies and NGN.

Pros

• Mobile-Friendly App to Trade
• Low Fees

Cons

• A 1.5 Billion dollar hacking scandal which raises concerns about their trading security
• Newer Trading Platform

KuCoin P2P

KuCoin is a global exchange known for its vast coin selection. As a P2P exchange platform service, KuCoin lets Nigerians trade a diverse range of cryptocurrencies via local payment methods. On KuCoin P2P, you’ll find BTC, ETH, USDT, and many altcoins offered directly by sellers.

Pros

• Coin Varieties to Trade
• Holds Escrow just like other platforms

Cons

• To withdraw, you must complete full KuCoin KYC (which can be slow).
• The mobile app is not beginner-friendly
• Best suited for experienced traders

Remitano

Remitano is very popular in Nigeria thanks to its user-friendly site and strong focus on security. It provides an escrowed P2P platform connecting buyers and sellers for coins like BTC, ETH, USDT, LTC, XRP, BCH, and more.

Pros

• Simplicity
• Speedy Escrow releases

Cons

• Fewer coin options to trade
• Restricts users to the Remitano internal wallet

Conclusion

In this article, we have discussed the top exchanges you may use in case you intend to trade fast and safely and receive payments almost instantly. Nigeria’s P2P crypto trading exchanges are a sure way for you to trade with no restrictions and safeguard your assets digitally. It offers a fast, affordable, and flexible opportunity for traders.

So whether you are a beginner about to start your crypto and gift card trading journey or you just need an opportunity to safeguard your assets, the scene is thriving, giving you an avenue to pitch your tent and make the most of it. Don’t forget to prioritise a safe, user-friendly, and supportive platform to get an overall positive experience from trading cryptocurrencies.