Roqqu alternatives in Nigeria
What Quidax, Busha, Luno and Daya Coins charge, which of them are on the SEC's register, and what to check before you move your crypto off Roqqu.
The main alternatives to Roqqu in Nigeria are Quidax, Daya Coins, Busha and Luno, which all let you buy crypto straight from naira without a peer-to-peer trade. Quidax is the only one of the four that publishes a spot trading fee, 0.1% per side, and Quidax and Busha are the two crypto exchanges on the SEC's fintech register.
Daya Coins has no minimum purchase and no peer-to-peer step, against a ₦50 minimum on Luno's instant buy and a naira market that runs through peer-to-peer ads on Bybit. Every fee on this page came from each company's own pages on 19 September 2026. For how buying and selling stablecoins works from the start, see the Nigerian's guide to stablecoins.
Why do people look for a Roqqu alternative?
Most complaints about Roqqu are about getting money in or out, not about price. Roqqu has 4.3 stars from about 46,500 reviews on Google Play, so plenty of people are happy with it. The unhappy reviews tend to describe the same few problems.
These are the ones that come up most:
- Deposits that don't arrive. A review from 31 August 2026 describes coins confirmed on the blockchain but never credited to the account, for the second time.
- Withdrawals held for ID checks. A review from 4 September 2026 describes futures trades and withdrawals blocked for identity reasons.
- Verification that stalls. A review from 16 August 2026 describes NIN verification stuck at the photo step.
- The licence question. Roqqu isn't on the SEC's list of registered crypto exchanges, which the next section covers.
The same kinds of complaint turn up on other apps too. Busha's Google Play reviews from July 2026 mention slow support and withdrawal delays, so switching apps doesn't make these problems disappear.
Is Roqqu licensed by the SEC in Nigeria?
Not as a crypto exchange, as of 19 September 2026. The SEC's list of registered fintech operators names two digital asset exchanges, Busha Digital Limited and Quidax Technologies Limited, and Roqqu isn't on it. TechCabal reported in August 2025 that Roqqu was still waiting for a provisional licence.
The SEC also runs an incubation programme for crypto companies, called ARIP. Luno's Nigerian company was admitted in the SEC's circular of 2 July 2026, and Roqqu wasn't named. The SEC says that kind of approval is "not a final licence" and stays conditional on the company meeting its obligations.
What it means for you: if you want your exchange on the SEC's list, Busha and Quidax are the two that are. You can search any exchange on the SEC's register yourself before you send it money.
What are the best alternatives to Roqqu in Nigeria?
The closest swaps are apps that let you buy and sell with naira directly, without arranging a trade with a stranger. Quidax, Daya Coins, Busha and Luno all work that way, and Breet is worth knowing about if you mostly sell.
- Quidax. On the SEC's register, and it publishes its fees. Quidax's fee page lists 0.1% for both sides of an order-book trade, 0.07% for makers on USDT/NGN and USDC/NGN, free naira deposits by bank transfer, and ₦200 to withdraw naira plus ₦50 stamp duty on ₦10,000 and above. Quidax ended its P2P service on 23 January 2026.
- Daya Coins. You fund from your own Daya naira account and buy directly, with no peer-to-peer step and no minimum. Daya Coins covers popular crypto, stablecoins and trending tokens.
- Busha. On the SEC's register, with savings, recurring buys and more than 70 assets. Busha's fee documentation lists ₦150 to deposit naira and ₦107.50 to withdraw it. Busha doesn't publish a trading fee.
- Luno. Luno's Nigeria fees page lists 2% on instant buys and sells, with a ₦50 minimum, and 0.1% on its exchange. Naira deposits cost ₦150 and withdrawals ₦300, both before VAT.
- Breet. Built mainly for selling crypto for naira. Breet publishes its sell fee: 1.5% up to $999, 1% from $1,000 to $4,999, and 0.5% from $5,000, plus the network fee. Breet says it has a pending application to join the SEC's ARIP.
Two names that come up a lot don't work the same way for naira. Bybit's published naira fees are for its peer-to-peer marketplace, where you trade with other users. KuCoin paused naira P2P and naira card purchases in May 2024.
How much does each Roqqu alternative charge?
Quidax publishes a 0.1% trading fee and Luno publishes 2% on instant buys, while Busha doesn't publish a trading fee. Naira withdrawals cost ₦107.50 at Busha, ₦200 at Quidax and ₦300 at Luno before VAT. The table puts the fees side by side.
| App | How you buy with naira | Trading fee | Naira withdrawal fee |
|---|---|---|---|
| Quidax | Directly, free naira deposit | 0.1% per side on the order book | ₦200, plus ₦50 stamp duty from ₦10,000 |
| Daya Coins | Directly, from your own Daya naira account, no minimum | — | — |
| Busha | Directly, ₦150 naira deposit | Not published | ₦107.50 |
| Luno | Directly, ₦150 naira deposit before VAT | 2% instant buy, 0.1% on the exchange | ₦300 before VAT |
| Breet | Directly | Sell fee from 0.5% to 1.5%, by amount | Not published |
| Bybit | Through peer-to-peer ads | 0% for buyers taking an ad, 0.25% to 0.3% for advertisers | Depends on the seller |
A missing trading fee doesn't mean a trade is free. Quidax says its instant swap carries no fee because the cost is already in the rate it quotes, and an app that publishes no fee is charging you somewhere, usually in the rate. The fee sources are Quidax's fee page, Busha's fee documentation, Luno's Nigeria fees page, Breet's Bitcoin page and Bybit's P2P fees page.
Which Roqqu alternative is cheapest?
Quidax is the cheapest you can price on paper. On a ₦500,000 order-book purchase, Quidax's 0.1% comes to ₦500. The same amount through Luno's instant buy costs ₦10,000 at 2%, or ₦500 if you use Luno's exchange instead.
For Busha and Daya Coins, the cost sits inside the rate, so the only fair test is the outcome:
- Pick an amount you'd actually buy, like ₦100,000.
- Open two apps within a few minutes of each other.
- Read how much USDT each one gives you for that amount.
- The bigger number is the cheaper app on that day.
Withdrawals are the other cost that adds up. If you cash out to your bank every week, Busha's ₦107.50 against Luno's ₦300 plus VAT is worth more to you than a small difference in trading fee.
Where does Daya Coins fit?
Daya Coins is for someone who wants to buy crypto with naira without a peer-to-peer trade and without a minimum. You fund from your own Daya naira account, buy directly, and the trade settles in seconds. It covers popular coins, stablecoins like USDT and USDC, and trending tokens.
What it means for you: Daya Coins is the easiest to start with. There's no minimum, no stranger to pay, and no waiting for someone else to release your coins. Use the four-step test above to compare what you'd receive against the others for the same naira. How to buy USDT in Nigeria walks through the steps.
What should you check before moving your crypto off Roqqu?
Moving crypto between exchanges is where money gets lost, usually through a small mistake rather than a fee. Check these before you send anything:
- The network. Send on a network both apps support, or the coins can be lost. TRC20 vs ERC20 vs BEP20 explains which to pick.
- A small test first. Send a small amount, wait for it to arrive, then send the rest.
- Whether the new app supports the coin. Most apps list the big coins and stablecoins, but smaller tokens vary.
- The cost of sending. Check the network fee on Roqqu's send screen before you confirm, because it comes off what arrives.
- The SEC register. Search the new exchange's name before you move money in.
If you're choosing between the two SEC-registered exchanges, Busha vs Quidax compares them on fees and features.
Frequently asked questions
- Is Roqqu licensed in Nigeria?
Roqqu isn't on the SEC's list of registered digital asset exchanges, which names Busha and Quidax, and it wasn't among the firms admitted to the SEC's ARIP programme in July 2026. TechCabal reported in August 2025 that Roqqu was waiting for a provisional licence. You can check any exchange on the SEC's register yourself.
- What is the cheapest alternative to Roqqu?
Quidax is the cheapest you can price in advance, at 0.1% per side on its order book, free naira deposits, and ₦200 plus ₦50 stamp duty to withdraw. For any app that doesn't publish a trading fee, compare the amount of crypto it gives you for the same naira at the same time.
- Does Daya Coins have a minimum?
No. Daya Coins has no minimum purchase, and you buy directly from your own Daya naira account with no peer-to-peer step. That compares with a ₦50 minimum on Luno's instant buy. Check the amount you'll receive on screen before you confirm.
- Does Quidax still have P2P?
No. Quidax ended its peer-to-peer service on 23 January 2026. You now buy and sell on Quidax through its instant swap or its order book, where it charges 0.1% per side, and 0.07% for makers on USDT/NGN and USDC/NGN.
- Can I buy crypto with naira on Bybit or KuCoin?
Bybit's published naira fees are for its peer-to-peer marketplace, where you pay another user rather than Bybit. KuCoin paused naira peer-to-peer trading and naira card purchases in May 2024. If you want to buy with naira without dealing with another user, Quidax, Daya Coins, Busha and Luno all sell directly.
- How do I move my crypto from Roqqu to another exchange?
Copy your deposit address from the new app, check that both apps support the same network, and send a small test amount first. Once it arrives, send the rest. Sending on the wrong network is the most common way to lose coins, so match the network exactly.
Sources(12)
- Registered fintech operators, Securities and Exchange Commission, Nigeria. Accessed .
- SEC clears seven new fintech firms for admission into the Accelerated Regulatory Incubation Programme (ARIP), Securities and Exchange Commission, Nigeria. Accessed .
- Roqqu lists cNGN, TechCabal. Accessed .
- Roqqu: Google Play listing, Google Play. Accessed .
- Busha: Google Play listing, Google Play. Accessed .
- What fees does Quidax charge?, Quidax. Accessed .
- P2P service discontinuation, Quidax. Accessed .
- Fees, Busha. Accessed .
- Luno fees and limits in Nigeria, Luno. Accessed .
- Sell Bitcoin, Breet. Accessed .
- P2P on Bybit: fees explained, Bybit. Accessed .
- Temporary pause on P2P Nigerian naira services, KuCoin. Accessed .
