This post tells you everything you need to know about the Best e currency exchanger in Nigeria.
Before bitcoin and other cryptocurrencies were made, e-currencies (the “e” stands for “electronic”) were the easiest way to send money across borders around the world.
Cryptocurrencies are a type of e-currency, but they are different from the ones that came before them because they are not controlled by a central authority and are encrypted.
These are different from the usual digital currencies, which are mostly based in USD and EUR and are controlled by a central authority.
Even though cryptocurrencies are very popular right now and give users full control, e-currencies are still very popular.
Some of the biggest companies that offer e-currencies are Perfect Money PM, Neteller, Skrill, Paypal, WebMoney, Payeer, Payza, and so on.
With e-currencies, it’s easy to send and receive money anywhere in the world right away.
Users can also buy things from online stores, invest in financial schemes, pay for services, and sign up for classes online.
Perfect Money can now even be changed into Bitcoin.
When compared to a wire transfer or Western Union, which takes days and costs a lot, these transactions can be done right away and for a very low fee.
But the biggest problem with digital currencies is getting money into and out of your wallet. That is, integration with regular banks.
An e-currency exchange is one of the fastest ways to add or remove money from an e-currency wallet to a bank account.
Today, I’ll talk about the top 10 places to exchange e-currency in Nigeria.
Users can buy Perfect Money (PM), Neteller, WebMoney, etc. through these exchanges, as well as sell them and get the money in their bank accounts.
Some also let you change PM to Bitcoins.
Here’s the list.
Best e currency exchanger in Nigeria
The table below shows the e-currencies that can be exchanged in Nigeria and where they can be exchanged.
1. Nigeria Gold Exchange (NGE)
NGE has been around since December 2009 and has helped thousands of clients all over the world in a reliable way.
It was started in 2007 and has offices in Lagos and Oyo State, both in Nigeria.
In addition to selling e-currencies, the exchange also sold Virtual Visa Cards (VCC) from banks in the US and Russia.
You can get in touch with the team by calling the numbers on the site or by using Live Chat.
Perfect Money, WebMoney, PayPal, Skrill, and Bitcoin are all accepted.
Paybis is a high-tech place to buy and sell digital currencies. It is registered as PayBis LTD, 35/3 Buchanan Street, Edinburgh, EH6 8RB, UK.
Paybis is not from Nigeria, as you can see. From the UK and the USA, it is run. It is a top place to exchange Neteller.
Users of this platform can trade between the e-currencies and cryptocurrencies that are supported.
For instance, a user can trade Neteller for BTC, Skrill, or the other way around. You can also use your Mastercard or Visa to buy Neteller. But you will first have to buy Bitcoin and then change it to Neteller.
All deals take no more than 10 minutes. If you have a problem, you can talk to customer service at any time via LiveChat.
Payeer, Skrill, Advanced Cash, Neteller, BTC, ETH, LTC, XRP, BCH, NEO, BNB, XLM, and TRX are all ways to pay.
I started using TruexGold in 2017. Even though the service was good, the platform was pretty bad.
When you go to the site, this annoying music plays automatically.
But in 2018, they changed everything about their site to make it one of the best, if not the best.
I can say that TruexGold is the easiest and most organized place in Nigeria to trade e-currency. In this exchange, about 90% of the transactions are done automatically.
The user can talk to the exchange right from the home page to find out what currencies are available and how to buy and sell them.
In November 2007, InstantGold was set up. It is one of the oldest places in Nigeria to exchange e-currency.
By November 2020, Nigeria will have been getting good service from InstantGold for 13 years.
In Nigeria, it has two offices: one in Lagos and one in Port Harcourt.
In May 2016, I used InstantGold for the very first time when I changed OKpay for NGN.
OKpay is no longer able to exchange money with Instantgold. But InstantGoldNg lets you buy Web Money and other digital currencies.
The following currencies are accepted: BTC, Perfect Money, Payeer, and PayPal.
Blockvila is one of my favorite places to buy and sell cryptocurrency in Nigeria. Port Harcourt is where it is.
The exchange focuses on cryptos, not on traditional e-currencies.
But because its users wanted Perfect Money so much, they added the ability to exchange Perfect Money.
This exchange has a platform that is one of the easiest to use.
Its Live Chat is quite responsive. I’ve bought and sold Perfect Money, Bitcoin, and Ethereum on Blockvila, so I can say that it works well.
When I use this exchange, I’ve never been let down.
Blockvila is one of the exchanges in Nigeria with the lowest transaction fees.
Supported currencies are Perfect Money (PM), BTC, ETH, LTC, XRP, ETC, DASH, EOS, ADA, TRX, BTG, and BNB.
Sunej Global Ventures Limited, an ICT company registered with CAC, runs this exchange.
Since it started in 2006, Naira4dollar is the oldest e-currency exchange in Nigeria. This company is where I bought my first BTC.
Unlike other exchanges that have been around as long as Naira4dollar, it has kept a low portfolio.
Even though it only lets you trade a few e-currencies, they are very good at what they do.
Bitcoin (BTC), Perfect Money (PM), and Paypal are all accepted.
MyTopExchange, which used to be called Forextrading, started up in 2012.
It is registered in Lagos State, Nigeria, and its interface is easy to use.
MyTopExchange is a broker exchange that offers services like trading, adding money to your Forex account, and training.
It has customer service that is available by phone, email, or WhatsApp.
Perfect Money (PM), Bitcoin (BTC), InstaForex, JustForex, and Binary.com all support these currencies.
Since 2007, eTradeXchange has been an exchange for brokers.
It’s in Lagos State, Nigeria, and has a great user interface (UIX).
You can only deposit money into this exchange through online transfers or cash.
On its home page, the Live Chat can be used to ask any question. The team can also be reached through WhatsApp.
Perfect Money, AdvCash, JustForex, Deriv, BTC, and LTC are all accepted.
ExchangeIndeed is an exchange for brokers. It has been around since 2009.
It is in Lagos State, Nigeria, and people can trade there.
ExchangeIndeed has funded and credited more than one million Perfect Money accounts since it began.
For any questions, you can get in touch with the team through Live Chat, WhatsApp, or the number on its website.
Coins like Perfect Money and Bitcoin are accepted.
10. Instant Exchangers
Olubowale Obayomi came up with the idea for InstantExchangers in 2010. It is in the state of Lagos in Nigeria.
It gives its users a wide range of ways to pay, like cash deposits and Western Union.
You can make transactions worth up to $50 without having to prove who you are.
You can get in touch with its team through its Live Chat, the phone numbers on its home page, or an email.
Supported coins include Perfect Money, PayPal, Webmoney, Payeer, AdvCash, Skrill, Skype Credits, BTC, ETH, BCH, LTC, XMR, XRP, DOGE, DASH, ZEC, etc.
From what has been said so far, you can see that the best exchange depends on the person and the coin they want to trade.
You can open an account with any exchange that supports the e-currencies you want to use.
So, it will be easy for you to do business whenever you want to.
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