How to buy Bitcoin in Nigeria

You fund a naira account inside a crypto app and buy Bitcoin directly, with no peer-to-peer step. Busha, Daya Coins, Roqqu and Bitnob all sell it. There is also a cost that sits outside any app's fee: stamp duty of 1.5%, taken out of the Bitcoin itself, so buying 1 BTC credits you 0.985 BTC.

How do you buy Bitcoin in Nigeria, step by step?

Five steps, and the whole thing takes minutes once your account is verified:

1. Pick an app that sells Bitcoin for naira. Busha, Daya Coins, Roqqu and Bitnob all do
2. Get your identity checked. Expect to give a bank verification number, a valid ID and a selfie
3. Send naira from your Nigerian bank account to the naira account the app gives you
4. Buy Bitcoin with the naira balance. You are buying a fraction, not a whole coin, so you choose an amount of money rather than an amount of Bitcoin
5. Decide whether to leave it in the app or send it to a wallet you control. Sending costs money, and the next sections say how much

The step people skip is the second one. Verification is where most sign-ups stop, and an app can't take your naira until it's done, so do it before the price moves rather than during.

Which apps let you buy Bitcoin with naira in Nigeria?

Four that could be checked on their own pages today: Busha, Daya Coins, Roqqu and Bitnob. Quidax and Luno also sell Bitcoin to Nigerians, and their fee pages are the ones to open before you buy, because neither figure could be read on the day this was written.

Two names that come up in most lists and should not. Breet's own buy page says you can currently buy USDT and USDC, so Bitcoin isn't on it, and Breet's Bitcoin fee is a selling fee rather than a buying one. And Binance has had no naira rail since March 2024, when it delisted BTC against the naira on 7 March and ended naira deposits, naira withdrawals, naira on Binance Pay and naira auto-invest in the same week.

So the real list of ways to buy Bitcoin with naira is shorter than a typical roundup suggests, and two of the names on those roundups can't do the job at all.

What does it cost to buy Bitcoin in Nigeria?

Between nothing and 2% at the app, plus whatever sits inside the rate you are quoted. Roqqu publishes the clearest and the highest figure, at 2% to buy, sell or swap. Busha publishes no trading fee and prices an instant buy at its own quoted rate. Daya Coins charges nothing on any of the four lines below.

Three things the table doesn't show. Roqqu states its deposit and withdrawal fees in dollars without naming the currency they apply to, so confirm the naira figure in the app. Busha charges ₦150 to pay naira in, on top of the ₦107.50 to take it out. And Roqqu's send fee is a general figure across coins rather than a Bitcoin one.

The bigger point is that a zero on a fee line isn't a zero overall. Daya Coins says so in its own words on daya.co/coins: there is no buy fee, no sell fee, no withdrawal fee and no network fee on your side, and Daya makes its money on the spread built into the rate you see. Busha prices the same way. So compare the Bitcoin you actually receive for a fixed naira amount in two apps, rather than comparing fee lines.

What is the smallest amount of Bitcoin you can buy?

Busha publishes a figure and it is low: ₦250, stated in its own help centre, which is the only published naira floor found across these apps. Because you buy a fraction of a Bitcoin rather than a whole one, ₦250 is a real purchase rather than a rounding problem. At a Bitcoin price near 80,000 dollars it buys roughly 230 satoshis.

Minimums vary by app and they move, so check the figure inside whichever app you use before you plan a small first buy. It is also worth knowing that a small buy and a small send are different problems: a ₦250 purchase is fine, and sending it out on chain would cost several times what you bought.

What tax do you pay on Bitcoin in Nigeria?

Three separate charges, set out in the Nigeria Revenue Service virtual asset guidelines of 31 July 2026. The one that catches buyers is stamp duty at 1.5%, because it is collected out of the virtual asset credited to you rather than out of your naira. The guidelines' own worked example has a buyer of 1 BTC receiving 0.985 BTC.

Two details that change the arithmetic. The 1% withholding is on gross proceeds rather than on your gain, so it applies even when you sell at a loss, and it is a credit against your final bill rather than the final bill itself. And the guidelines compute your gain in dollars: the dollar value at acquisition against the dollar value at disposal, with only the dollar gain converted to naira.

What it means for you: computing in dollars takes naira depreciation out of your taxable gain. If the naira weakens between your buy and your sell, the naira-to-naira difference overstates what you are taxed on, sometimes by about half. One reading of the guidelines works an example where a naira comparison shows a gain near ₦970,000 and the dollar method gives about ₦470,000.

The guidelines aren't fully consistent on which day's exchange rate applies, giving the disposal date in one paragraph and the transaction date in another. Use the more specific computation paragraph, and keep your own record of the dollar value on both days. We go through the 2026 changes in crypto tax in Nigeria.

Why is Bitcoin taxed differently from USDT?

Because the guidelines put them in different categories, and only one of them gets the exemption. Bitcoin and Ether sit in Category 1, cryptocurrencies and exchange tokens, where the 1% withholding tax applies to disposal proceeds. USDT and USDC sit in Category 2, stablecoins and payment tokens, and the guidelines say no withholding tax applies to the disposal of a stablecoin.

So selling Bitcoin and selling USDT aren't the same transaction for tax. A stablecoin disposal is still reported by self-assessment, and because it is measured against the peg the gain is usually nothing. A Bitcoin disposal carries the 1% whatever the price did. The mechanics of both sit in our guide to stablecoins in Nigeria, and the buying side in how to buy USDT in Nigeria.

The exemption people ask about, the one covering proceeds below ₦150m or gains below ₦10m, is scoped to shares and doesn't create a general exemption for digital assets. The guidelines reference it for tokenised Nigerian stocks specifically. If your plan depends on it covering Bitcoin, get that checked before you rely on it.

What does it cost to send Bitcoin out of an app?

More than the network charges, usually by a wide margin. The Bitcoin network itself was cheap on 26 October 2026, with recommended fees between 1 and 5 satoshis per byte, which works out under a dollar for an ordinary transaction. Busha's flat send fee of 0.00005 BTC came to about 4 dollars at the same moment.

That flat fee is a policy rather than a pass-through, and Busha says in its own help centre that its sending fees change with network congestion. The practical consequence is counter-intuitive and worth knowing:

• Sending Bitcoin off Busha cost about 4 dollars
• Sending USDT on BNB Smart Chain from the same app cost 1 to 2 dollars
• Sending USDT on Tron cost 3 to 5 dollars

So the familiar line that Bitcoin is far dearer to move than a stablecoin didn't hold at the app level on the day this was checked. The gap was the app's flat fee rather than the blockchain. Bitnob is the one app here that supports the Lightning network, which is the mechanism that avoids an on-chain send altogether, though it publishes no Lightning fee.

Where does Daya Coins fit?

Daya Coins is built for the person buying a position rather than cashing out a payment. You fund from a dedicated Daya naira account and buy directly, with no peer-to-peer step and nobody to haggle with, and it covers the majors alongside memecoins and viral tokens. You can also buy a token nobody has listed by pasting its contract address or a DexScreener link, which is worth pairing with a check of the address, since anyone can create a token using a familiar name. We set out how in buying a token from its contract address.

On price, daya.co/coins states it plainly: 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. Against Roqqu's stated 2% on a buy, that's the clearest difference on this page, and it is the kind of figure you can check before you commit rather than after.

Selling works the same way round, with the naira paid out to a Nigerian bank account. Where Daya Coins isn't the pick: there is no Lightning support, so if you want to move Bitcoin in and out cheaply and often, Bitnob is the app in this set built for that. And a trader moving real size is a Daya Pro reader rather than a Daya Coins one.

Which of these apps is registered with the SEC?

Five of the apps Nigerians use for this are somewhere in the SEC's incubation programme: Busha and Quidax from August 2024, then Luno, Yellow Card and KuCoin Nigeria during 2026. Fourteen firms have been admitted in total. Every one of them holds an approval-in-principle, which the SEC states in its own circulars isn't a final licence.

Checking this is harder than it should be. The SEC's own online register carries a publication date of 25 May 2025 and lists two firms, so a reader who follows the standard advice to check the register would conclude that most of the market has no approval at all. The current position is in the SEC's circulars instead.

Look up whichever app you are using, in the circulars rather than the register, and read what status it actually holds. Several guides describe an approval-in-principle as a licence, and the regulator's own wording says otherwise.

Can your bank freeze your account for buying Bitcoin?

The documented freezes hit high-volume traders rather than ordinary buyers. In April 2024 the EFCC froze the bank accounts of more than 1,100 crypto traders, according to court documents reported by DL News, over alleged forex racketeering, currency manipulation and money laundering. The reporting ties those freezes to merchants moving large volumes on peer-to-peer platforms.

Buying on an app that has verified you leaves a clean record of where the money went, which is the thing you want if you are ever asked. That isn't the same as immunity, and nothing in the public record says buyers on a registered exchange can't be caught up in an investigation. The best available reporting on this is now two and a half years old.

Two practical habits. Keep your own record of every buy and sell, including the dollar value on each day, because that's what the tax rules compute on. And treat a stranger paying naira into your account for crypto as the risk it is, rather than the app you bought in. More on that in selling crypto for naira without your account being frozen.

Which app should you use?

It depends on the job, and these four split cleanly:

• Buying a position in Bitcoin or another major, and selling it back to naira later: Daya Coins charges nothing on the buy, the sell or the withdrawal, and prices through the spread
• Wanting a published naira minimum and a published send fee before you commit: Busha states ₦250 and 0.00005 BTC
• Moving Bitcoin in and out often, or cheaply: Bitnob is the Bitcoin-first app here and the only one supporting Lightning
• A clear, single published trading fee you can calculate in advance: Roqqu's 2% is the highest in this set and the easiest to work out

Whichever you pick, do the same check in two apps before a first real buy: quote the same naira amount in both and compare the Bitcoin you would receive. That comparison catches the spread, which no fee table can show you, and on a Bitcoin buy the spread is usually the larger number.