Best crypto apps in Nigeria

The crypto apps Nigerians actually use are Quidax, Daya Coins, Busha, Breet and Monica Cash, and they don't all do the same job. Daya Coins charges nothing on your side and earns on the spread built into the rate, against 0.1% as a taker at Quidax. Monica Cash only sells, so it can't be your main app.

Which crypto app should you use in Nigeria?

Pick on what you need the app to do rather than on the fee, because two of the five charge you nothing directly and a fee table can't see what they earn. If you want to buy and sell in the same place from a naira balance, Daya Coins and Quidax both do it. If you only ever cash crypto out, Monica Cash and Breet are built for that. If you want to trade on an order book, Quidax and Busha are exchanges and the others are not.

Which apps buy, which sell, and which do both?

Four of the five do both. Quidax, Daya Coins, Busha and Breet all let you buy crypto and sell it. Monica Cash is the exception: its own site describes selling crypto for naira, bill payments, transfers and a virtual dollar card, and says nothing about buying. So Monica Cash is a way out of crypto rather than a way in.

That distinction decides more than it looks. If an app only sells, you need a second app or an outside wallet to get the coin in the first place, and every hop between them costs you a network fee and a conversion. The apps that buy and sell from the same naira balance remove that. It's also why a straight ranking of these five by fee is misleading: a 0% selling fee on an app that can't buy is not the same product as a fee on one that can.

What does each app charge?

Quidax charges 0.1% as a taker and 0.07% as a maker on USDT/NGN, plus ₦200 to withdraw naira. Breet charges 1.5% falling to 0.5% by size. Busha charges ₦150 to deposit naira and ₦107.50 to withdraw it. Monica Cash states 0% on conversion and 0% on bank withdrawal. Daya Coins charges no buy, sell, withdrawal or network fee on your side.

Each of those is on the company's own page. Quidax's are in Quidax's fee article, last updated 2 October 2026. Busha's are in Busha's published fee schedule, which sits on its developer documentation rather than its marketing site. Breet's are in the FAQ on Breet's USDT page, on the individual coin page rather than anywhere central. And Daya Coins' are on the Daya Coins page, which also says where the money comes from instead: "We make our money on the spread built into the rate you see."

Busha is the odd one in that list, and it's worth knowing before you pick it. Busha publishes its naira deposit fee, its naira withdrawal fee and a per-network send fee for every coin, and it doesn't publish a trading fee. For somebody who buys once a month that hardly matters. For somebody trading in and out weekly, the trading fee is the biggest line on the bill and it's the one you can't look up before you commit.

Breet's is the only fee in the set that falls as the amount grows, which makes it the one you can calculate in advance for any size of sale. If selling is the whole reason you want an app, our comparison of the best apps to sell USDT for naira works that arithmetic through properly and covers two apps that aren't in this table at all.

Can you move your crypto out to your own wallet?

On Busha, Quidax and Daya Coins, yes, and what differs is the charge. Busha's fee schedule prices a USDT send at 1 USDT on BNB Chain, Plasma and Solana and 3 USDT on Ethereum and Tron. Quidax charges a send fee that varies by coin and network. Daya Coins says "Buy crypto or send to an external wallet and we do not charge you for it."

This is worth checking before you fund an app rather than after. An app you can't send out of is an app you can only leave by selling, which means you convert back to naira whether you wanted to or not. And if you are sending out, the network you choose changes the cost by more than any app's fee does, which our breakdown of TRC20, ERC20 and BEP20 goes through with the current numbers.

Where does Daya Coins fit?

Daya Coins charges no buy fee, no sell fee, no withdrawal fee and no network fee on your side, against 0.1% as a taker at Quidax and 1.5% falling to 0.5% at Breet. The Daya Coins page says you buy straight from your naira balance with no peer-to-peer step and no minimum, that it settles in seconds, and that you can sell in the app and withdraw to your Nigerian bank account. It covers the majors, stablecoins, memecoins and whatever is trending, and you can buy a token nobody has listed by pasting its contract address.

Pasting an address is also the easiest way to buy the wrong thing, because anyone can deploy a token using a well-known name. Check the address against the project's own site or its own posts before you buy, and our guide to buying a token from its contract address safely walks through what to look at.

Where Daya Coins isn't the pick. It has no order book, so if you want to set a limit price and wait rather than take the price you're shown, Quidax and Busha are exchanges and Daya Coins is not. And on a sale of $5,000 or more, an app price is rarely the best price at that size; that's an OTC job rather than a retail one. Daya Coins also can't tell you what it earns on the rate, so the only way to compare it with anything is to quote the same trade in two apps and look at the naira. That is true of every app in this set.

Which of these apps has SEC approval?

Busha and Quidax both hold an approval in principle from Nigeria's Securities and Exchange Commission, and so does Luno. But the obvious way to check this gives you the wrong answer, because the SEC's own register of fintech operators still carries a publication date of 25 May 2025 and lists only Busha and Quidax. On 3 July 2026 the SEC announced approvals in principle for seven more firms, Luno Fintech Nigeria among them, as reported with the SEC's own statement. So a reader following the standard advice to check the register would conclude Luno has no approval, and would be wrong.

An approval in principle is also not a licence, and the SEC says so itself. Its wording is that one "confirms that an entity has satisfied the Commission's admission requirements for the Programme", and that it is not a final licence and stays conditional on the firm continuing to comply. Several Nigerian apps describe themselves as licensed by the SEC on their own marketing pages where the register shows an approval in principle, so read the register rather than the homepage.

Whichever app you're using, look it up on the register yourself, and treat the register's own publication date as the thing to check first. Our piece on whether crypto is legal in Nigeria sets out who regulates what, with the circular dates attached.

Which app suits which job?

Five jobs, and a different answer to most of them:

Buying and selling in the same place from a naira balance. Daya Coins and Quidax both do it. Daya Coins charges nothing on your side and has no minimum; Quidax charges 0.1% as a taker and gives you an order book.

Setting your own price rather than taking the one you're shown. Quidax or Busha, because they are exchanges with order books. Quidax is the one of the two that publishes what trading costs.

Cashing out and nothing else. Monica Cash states 0% on conversion and 0% on bank withdrawal with payout under a minute, and Breet gives you a published rate that drops to 0.5% from $5,000 up.

Buying something nothing has listed. Daya Coins lets you buy by contract address, and a self-custody wallet is the other route. Check the address first either way.

Moving $5,000 or more at once. None of these five is really built for it, and a desk that quotes you a price for the whole block is a different product. We've compared what the Nigerian desks will actually take.

One last thing, and it's the only test that settles it. Two of these five charge you nothing directly, which means the whole cost of your trade sits inside the rate you're quoted, where no fee table can reach it. So open two apps, ask each of them for the same trade, and compare the naira you'd end up with. Takes two minutes, and it tells you something the published fees can't.