Best Binance alternatives in Nigeria

Daya Coins charges no buy fee, no sell fee, no withdrawal fee and no network fee on your side, against 0.1% maker and 0.1% taker on Quidax spot and 2% on Luno's instant buy or sell. Daya states on its own page that it makes its money on the spread built into the rate you see. If you want the wider picture on buying and selling dollar stablecoins in Nigeria, the stablecoins guide covers it.

Does Binance still work in Nigeria in 2026?

Binance still works as a place to hold and trade crypto, and it doesn't work as a way to move naira. Binance's announcement of 5 March 2024 said it would stop supporting every naira service, and nothing on its own announcements page has reversed that since. You can still sign in, hold coins and trade against dollars or stablecoins.

These are the four things that ended, with the dates Binance published:

• Naira deposits stopped after 5 March 2024, 14:00 UTC.
• Naira withdrawals stopped after 8 March 2024, 06:00 UTC.
• Binance P2P delisted every NGN trading pair on 28 February 2024, 15:00 UTC.
• The NGN spot pairs, BTC/NGN and USDT/NGN, were delisted on 7 March 2024, 03:00 UTC.

Leftover naira balances were converted to USDT at the time. So for a Nigerian in 2026, Binance is a trading venue with no naira door, and the question is which app gives you that door back.

Which coins can you move off Binance right now?

Binance restarted withdrawals in phases from 1 November 2026, and phase one covers 15 networks. Anything outside that list is still suspended, and Binance hasn't published a date for the rest. Deposits were never affected. So before you decide where to move money, check whether your coin is actually movable today.

The networks Binance named in phase one are Bitcoin, Ethereum, BNB Smart Chain, Tron, Solana, XRP, Zcash, Dogecoin, TON, Polygon, Avalanche C-Chain, Arbitrum, Base, Optimism and Sui. Binance says it will add more as security checks are completed, and that it will post updates on its official channels. Our piece on the hack and the freeze has the rest of the detail.

Which apps take naira straight from your own bank account?

Six Nigerian apps let you fund with naira from your own bank and get naira back out, with no stranger on the other side of the trade. They split into two kinds: full trading apps, where you buy and sell, and cash-out apps, where you only sell.

• Busha is a trading app. It publishes a ₦150 naira deposit fee and a ₦107.50 naira withdrawal fee, VAT included.
• Daya Coins is a trading app funded from a dedicated Daya naira account, with no peer-to-peer step, and it sells crypto with the naira paid out to a Nigerian bank account.
• Quidax is a trading app with an order book. Naira deposits by bank transfer are free and naira withdrawals are a flat ₦200.
• Luno runs both an instant buy or sell screen and a separate exchange, priced very differently from each other.
• Breet is a cash-out app. You send a coin in and naira comes out, and it doesn't do buying.
• Roqqu is a trading app that prices buying, selling and swapping at a single rate.

What does each app charge?

Quidax and Luno are the two apps in this set that state a trading fee you can check before you trade. Daya Coins charges nothing on your side at any size. Breet is the only one in the set whose selling fee falls as the sale gets bigger. Every figure below came off each company's own pages on 2 November 2026.

Two things in that table are worth reading twice. Luno's instant buy or sell screen charges 2%, which is twenty times the 0.10% taker fee on Luno's own exchange for the same trade, so which screen you use inside Luno matters more than which app you pick. And a published fee is only part of the cost: where an app charges you little or nothing, the rest of the price sits inside the rate you are quoted, which is true of every app here. The honest way to compare is to quote the same trade in two apps and look at the naira.

Which one suits which job?

The right app depends on what you came to do, and the six split cleanly. Pick by the job rather than by the brand.

1. Buying a viral token or a token that is only on a decentralised exchange. Daya Coins lets you buy any token by pasting its contract address or a DexScreener link, which none of the others do.
2. Trading majors like Bitcoin and Solana with naira funding. Busha, Daya Coins, Quidax and Roqqu all do this without a peer-to-peer step.
3. Placing a limit order on an order book. Quidax and Luno's exchange are the two retail venues here with one, and Quidax publishes the cheaper fee of the two.
4. Selling a large amount and getting naira out. Breet's fee falls to 0.5% from $5,000 up, which makes it the only app in the set you can cost in advance at size. Our comparison of apps that sell USDT for naira goes into that properly.
5. Just getting your money off Binance and into naira. Any of the five trading apps will take the coin and pay out naira; the deciding number is the rate, not the fee.

When is Binance still the better choice?

Binance is still the better choice when the coin you want isn't listed on a Nigerian app, or when your order is large enough that the depth of the book matters. Binance lists far more assets than Busha, Quidax, Luno or Roqqu, and its order books are deeper, so a big order fills closer to the price you saw.

• The coin isn't on a Nigerian app. Binance's asset list is far wider than any of theirs, and that is the most common reason Nigerians keep an account there.
• Your order is big enough to move a thin book. A deeper book absorbs a large order with less slippage, meaning the price moves less against you while the order fills, and on a big trade that is worth more than any difference in fees.
• You want something the Nigerian apps don't run at all, such as derivatives or staking products.

What Binance can't do is naira. Binance has had no naira deposit, no naira withdrawal and no NGN pair since March 2024, so even where Binance is the right place to hold or trade, you still need a Nigerian app to turn the position into naira in your own bank account. Most people end up running both, and the question worth answering is which app does the naira leg.

Where does Daya Coins fit?

Daya Coins is the closest fit for the Binance user who was there for tokens rather than for naira trading. It funds from your own Daya naira account with no peer-to-peer step, it settles in seconds, and it charges no buy fee, no sell fee, no withdrawal fee and no network fee on your side, with Daya making its money on the spread built into the rate. Selling crypto and having the naira paid out to a Nigerian bank account is live.

Daya Coins also carries something no Nigerian competitor has: a live feed showing what people are buying and selling, a leaderboard over 24 hours, 7 days and 30 days, and a profile you can set to public or private and change whenever you like. What other people trade is not advice.

Where Daya Coins isn't the pick: it has no order book of its own for retail, so if you want to place a limit order rather than buy at the price in front of you, Quidax or Luno's exchange is the better tool. It also doesn't do gift cards or card spending, which is what sends some people to Breet and Spenda instead. If you move serious volume as a P2P merchant or an OTC desk, Daya Pro is the Daya product for that, with a 0% taker fee and a 0.05% maker fee on its USDT/NGN order book from $1.

Do you still need peer-to-peer in Nigeria?

No. Every app in this comparison buys from you or sells to you directly, so there is no stranger on the other side and no release-the-funds step. That matters because the frozen-account stories Nigerians trade warnings about are concentrated in peer-to-peer, where the naira reaching your bank came from somebody you can't check.

Binance P2P was the big naira board and it closed to NGN in February 2024. Quidax closed its own peer-to-peer product on 23 January 2026. So the market has moved away from P2P for naira anyway, and the apps above are what replaced it. Our guide on selling crypto without getting your account frozen covers what actually puts a bank account at risk.

What should you check before you move your crypto off Binance?

Moving coins between platforms is where people lose money, and the mistakes are predictable. Five checks, in the order they matter:

1. Check your coin is in Binance's phase-one list. If it isn't, the withdrawal won't go through yet, whatever else you set up.
2. Check the network matches at both ends. Sending USDT on a network the receiving app doesn't support is the single most common way to lose a transfer in this market. Our rundown of which networks each Nigerian app supports is the thing to read first.
3. Send a small test amount first, then the rest once it lands.
4. Check the app pays naira out to a bank account in your own name, and that you have finished its verification before you need the money, not after.
5. Quote the same sale in two apps and compare the naira you would receive, rather than comparing the fee lines.

None of this is specific to the freeze. It is what you would do on any transfer between two platforms, and it is cheap compared with losing a payment.