Naijacrypto Crypto Exchange Review: Why It's Not Listed in 2025 Nigerian Guides
If You're Searching for Naijacrypto, Here's What You Need to Know
Ever heard of Naijacrypto as a crypto exchange in Nigeria? If you search major 2025 guides, you won't find it. Not in NFTEvening's "10 Best Crypto Exchanges in Nigeria," not in BrokerChooser's "Best Crypto Brokers in Nigeria," and not in Bitcoin.com's "Top Nigerian Crypto Exchanges." This isn't an oversight. It's a red flag. Why? Because these guides rigorously review exchanges serving Nigerian users. They check security, fees, user experience, and regulatory compliance. If Naijacrypto isn't there, it's for a reason. Let's break it down.
How Reputable Exchanges Get Reviewed
Major publications like NFTEvening and BrokerChooser don't just pick exchanges randomly. They use clear criteria. BrokerChooser states they evaluate "overall service quality, number of available coins, crypto fees, mobile app functionality, broker security, and whether the broker offers crypto wallets." These guides include exchanges with varying market sizes but all have verifiable track records. For example, Luno is highlighted for its "user-friendly interface geared toward people transitioning from traditional finance to digital assets" and a 9.8 user score. Breet Wallet is praised for "bank withdrawals that are fast, within 287 seconds, secure, and stress free." Naijacrypto isn't mentioned anywhere. That's not accidental. It means it failed to meet basic standards for inclusion.
The Real Risks of Unverified Crypto Exchanges
Crypto scams targeting Nigerian users are rampant. The DFPI's Crypto Scam Tracker shows victims lost over $179,000 through fake platforms using "Pig Butchering" schemes. Here's how they work: scammers promise high returns, then block withdrawals with fake "regulatory tax" demands. The Central Bank of Nigeria restricts traditional banks from processing crypto transactions. This makes it harder to report fraud and easier for unregulated platforms to operate. Without verified ownership, security protocols, or regulatory licenses, Naijacrypto fits the pattern of these scams. Legitimate exchanges always publish transparent details about their team, licenses, and security measures. Naijacrypto provides none of this.
What to Look for in a Legitimate Exchange
Trusted Nigerian crypto exchanges share key traits. First, they offer direct Luno is a cryptocurrency exchange that has been operating in Nigeria since 2013. It offers direct naira deposits and withdrawals, cold storage security, and a user score of 9.8 in 2025 reviews.. Second, they have clear fee structures. For example, Breet Wallet states "No processing, receiving, or withdrawal fees" and uses "encrypted transactions, Google 2FA authentication." Third, they comply with regulations. The Nigerian Securities and Exchange Commission has increased scrutiny, as seen in their 2023 case against Kraken (settled in March 2025). Legitimate exchanges work within these rules. Fourth, they have responsive local support. Luno's "built-in wallet" and "local staff handling common deposit or withdrawal issues" are proof. Naijacrypto shows none of these traits.
Trusted Alternatives for Nigerian Users
Here are three vetted exchanges Nigerian users trust:
| Exchange | Naira Integration | Security Features | 2025 User Score | Regulatory Status |
|---|---|---|---|---|
| Luno | Direct bank transfers and local payment solutions | Cold storage, 2FA, risk checks | 9.8 | Operates under global regulations |
| Breet Wallet | Instant Naira conversions with bank withdrawals in under 5 minutes | Encrypted transactions, Google 2FA | 9.5 | Compliant with Nigerian financial standards |
| EasyEquities | Supports multiple fiat currencies including naira | Multi-factor authentication, regular audits | 9.6 | Registered with international financial authorities |
Breet Wallet is a cryptocurrency wallet that specializes in instant Naira conversions with bank withdrawals in under 5 minutes, encrypted transactions, and Google 2FA authentication.. It handles over 300 million trades and serves 250,000+ users. EasyEquities is a crypto broker that offers extremely low fees, a wide range of coins, and a mobile platform trusted by Nigerian traders.. It's ranked top by BrokerChooser for its "unmatched range of products and markets." These platforms have clear licenses, transparent fees, and active user communities. Naijacrypto has none of these.
Frequently Asked Questions
Is Naijacrypto a scam?
Yes, it's highly likely. Naijacrypto doesn't appear in any major 2025 Nigerian crypto exchange reviews. It has no verifiable ownership details, regulatory licenses, security protocols, or user reviews. Scam platforms like this often use "Naijacrypto"-style names to mimic legitimacy. Avoid it completely.
How can I verify a crypto exchange's legitimacy?
Check three things: First, see if it's listed in trusted guides like NFTEvening or BrokerChooser. Second, look for clear regulatory licenses (e.g., Nigerian SEC or international regulators). Third, verify security features like cold storage and two-factor authentication. Legitimate exchanges publish all this openly. If you can't find it, walk away.
Why do Nigerian banks restrict crypto transactions?
The Central Bank of Nigeria restricted bank transactions for crypto in 2021 to prevent fraud and money laundering. This made it harder for scams to operate through banks. However, it also forced users to use P2P methods. Legitimate exchanges like Luno and Breet Wallet work within this system by offering secure P2P options. Unregulated platforms exploit this gap.
What's the safest way to buy crypto in Nigeria?
Use trusted exchanges like Luno or Breet Wallet. Both support direct naira deposits, have strong security (cold storage and 2FA), and transparent fees. Start with small amounts to test withdrawals. Never share your private keys, and always use official apps from verified app stores. If a platform promises "guaranteed high returns," it's a scam.
What should I do if I lost money to a crypto scam?
Report it immediately to the Nigerian Financial Intelligence Unit (NFIU) and local police. Share all transaction details and platform names. While recovery is rare, reporting helps authorities track scams. Also, warn others on trusted forums like Reddit's r/Nigeria. Never pay "recovery fees" to third parties-this is a common scam tactic.
Alex Garnett
February 7, 2026 AT 04:23Naijacrypto's absence from all major 2025 Nigerian exchange guides is a definitive red flag. This isn't an oversight-it's a clear indication of systemic failures in security, regulatory compliance, and transparency. Legitimate exchanges like Luno and Breet Wallet undergo rigorous vetting processes that Naijacrypto clearly failed. Nigerian users must avoid unverified platforms at all costs.
Alisha Arora
February 7, 2026 AT 23:10Naijacrypto is a scam.
Jacque Istok
February 9, 2026 AT 09:52Oh, so Naijacrypto isn't listed? Shocking. Maybe because it's a scam. Check the real exchanges.
Shruti Sharma
February 9, 2026 AT 20:34Luno is safe but sometimes sloww. Breet Wallet is better for insta withdrawals. 😭
David Bain
February 11, 2026 AT 19:06The absence of Naijacrypto in reputable guides is indicative of systemic issues within the Nigerian crypto regulatory framework. Legitimate exchanges adhere to strict compliance standards.
Freddie Palmer
February 12, 2026 AT 21:00I think it's important to consider all factors, Naijacrypto's absence might be due to regulatory issues, what do others think?
Michael Sullivan
February 14, 2026 AT 17:57Naijacrypto = scam. Period. 😎
Ryan Chandler
February 15, 2026 AT 16:34This is a disaster for Nigerian crypto users! Naijacrypto's absence is a red flag that can't be ignored. Always use verified platforms like Luno.
Mrs. Miller
February 16, 2026 AT 03:23Well, isn't it just fascinating how the crypto world is so full of scams? Naijacrypto's absence is a clear sign to avoid it.
Nathaniel Okubule
February 16, 2026 AT 14:30It's important to trust verified exchanges. Luno and Breet Wallet are safe choices for Nigerian users.
Ajay Singh
February 18, 2026 AT 01:23Naijacrypto scam. Stick to Luno or Breet Wallet.
Robin Ødis
February 19, 2026 AT 02:45I've been studying crypto for years, and Naijacrypto is a red flag. They don't have proper licnses. Always check SEC registration.
Kyle Pearce-O'Brien
February 20, 2026 AT 06:09The very existence of Naijacrypto is a testament to the crypto ecosystem's inherent volatility. Without proper due diligence, users are playing with fire. 🔥
sachin bunny
February 21, 2026 AT 14:31Naijacrypto is part of a larger scheme. The government is blocking it! 😈
Kieren Hagan
February 22, 2026 AT 16:07Based on my experience, legitimate exchanges like Luno and Breet Wallet have clear regulatory compliance and security measures. Naijacrypto's absence speaks volumes.
Oliver James Scarth
February 23, 2026 AT 15:38The absence of Naijacrypto from reputable guides is a clear indicator of its lack of legitimacy. Nigerian users must be cautious.
Reda Adaou
February 23, 2026 AT 22:49It's good to see the community discussing safe exchanges. Always verify before investing.
aryan danial
February 23, 2026 AT 23:44This is a clear case of regulatory failure. Naijacrypto's absence from reputable guides is not accidental but a deliberate exclusion due to its lack of security protocols, transparent ownership, and regulatory compliance. Nigerian users must be vigilant and avoid unverified platforms at all costs. However, some might argue that the regulatory environment is too strict, but in reality, it's necessary for consumer protection. The lack of proper licensing is a major red flag. Always check for SEC registration. Also, consider the security features like cold storage and two-factor authentication. These are non-negotiable for any legitimate exchange. Without them, users are at high risk of losing funds. In conclusion, stick to trusted platforms like Luno and Breet Wallet.