In this article, we cover the best ways to buy Ripple XRP in Nigeria in 2020.
Ripple XRP is the currency that is used on the Ripple platform, an open-source protocol that was built to enable fast and cheap transactions.
At the time of writing, Ripple XRP is the third-highest cryptocurrency by market capitalization with a price of $0.22. Here are ways to buy Ripple XRP in Nigeria:
Luno, Binance, Quidax, and ICE3X allow you to buy Ripple in Nigeria instantly through bank transfer or bank cards.
Luno
Luno is first on our list because of its popularity and good user experience. The exchange was started in 2013 as BitX and was rebranded later to Luno.
Currently, it is highly used in Malaysia, South Africa, and Nigeria. Luno allows you to buy Ripple XRP in Nigeria and other cryptocurrencies like Bitcoin, Bitcoin Cash, and Ethereum with the Nigerian Naira.
To buy Ripple on Luno, you will have to deposit your Naira via bank transfer, purchase bitcoin, and trade Ripple.
Exchange fees on Luno are 0.25 percent for takers and 0.20 percent for makers when you trade Ripple. You can learn more about the platform from our Luno review.
Luno highlights:
- Payment method – Bank Transfer
- Identity Verification – Required
Quidax
Even though Quidax is a relatively young exchange, it has seen immense growth and patronage. Quidax was launched in 2018 to rival big platforms like Paxful and Luno.
You will have to deposit via credit card or bank transfer to buy Ripple XRP in Nigeria on Quidax. After this, you can use the exchange option or Instant Buy/Sell feature.
You can then enter the amount Ripple you want to buy and make your purchase.
Quidax charges a 0.2 percent maker fee and 0.3 percent taker fee for trades on the exchange. For an in-depth look at the platform, check out our Quidax review.
Quidax highlights:
- Payment method – Bank cards/ bank transfer/ USSD (mobile money)
- Identity Verification – Required
Binance
Binance is one of the biggest global cryptocurrency exchanges. In 2019, Binance added support for the Nigerian Naira.
Binance partnered with Flutterwave to allow Nigerian users to make Naira deposits directly to the platform. This also came with a Naira trading pair with bitcoin, binance coin, and binance USD.
However, after buying other cryptocurrencies with Naira on Binance, you can exchange them to Ripple. To trade Ripple on Binance, you will have to deposit Naira, buy bitcoin or binance USD, and trade Ripple.
Binance highlights:
- Payment method – Bank cards/ bank transfer
- Identity Verification – Required
ICE3X
ICE3X is most popular in South Africa but has also added support for the Nigerian market since in 2015. It was one of the first bitcoin exchanges to operate in Nigeria.
Trade fees on iceCUBED exchange range from 0 to 0.5 percent and are dynamic based on your trading volume.
Deposits can be made to the platform via bank transfer. Also, you can decide to trade directly on the exchange or make your purchase with the Instant Buy feature. You can learn more about the exchange by reading our ICE3X review.
ICE3X highlights:
- Payment method – Bank transfer
- Identity Verification – Required
Have you used any of the exchanges to buy Ripple XRP in Nigeria? Let us know about your experience in the comment section below.
