Bitcoin Forum

Binance was the go to exchange for many Nigerians when it comes to P2P trades but ever since the market was removed, other alternatives like Bybit, Bitget, Kucoin, Mexc have emerged.

Personally, I've only used Bitget after Binance and I've noticed that the exchange charges fee for P2P trade like in the screenshot below and this is something that was free in Binance.

https://www.talkimg.com/images/2025/03/14/0V7so.jpeg

I'd like to know your experiences in other exchanges offering p2p trades and which would you consider the best.

Kucoin and MEXC do not have crypto/naira P2P.

Bybit does not charges fee but people are reporting something not good about Bybit P2P of exchange. I have used the exchange many times but no problem yet probably because I do what is needed when I saw someone that wants to scam.

Currently, I’m using both Bybit and Bitget. Mostly Bybit because I’ve never experienced any problems with their services and I also have one of the best trading experiences. I do see some people complaining about their services and how the traders there often resort to begging. Although I’ve experienced one time when a buyer begged/requested that he sends me an incomplete amount, but when I disagreed, and told him to send the complete amount, he did so and there was no further complaints. And that was the first and last time I ever experienced anything of sort.

The only functional P2P markets that listed the NGN are Bitget and Bybit with traditional platforms like Remitano and Luno. There are others but these four are the once I can trust and recommend for anyone. Those of use that trade Bitcoin can use MEXC for trading because they have one of the best trading condition but whenever you want to convert to NGN, the Bitget and Bybit are the best so far but you must be extremely careful because scammers are actively involved in the business.

Bybit was my first choice exchange untill I started experience some tricky attempt to being scammed and tried bitget which seems to be a better option than bybit. Coupled with the recent hack issue, I've chosen to allow things go back to normal before going back to it but Bitget has been really moderate and offers quite seamless transaction that handlly takes time before receiving your payment. Since both exchange are the ones that are functioning really well at the moment, either of them can serve you well only that basic precautionary measures like not trading huge amount at a time will help you stay protected from any scam attempt. No serious scammer will go after an amount that's somehow insignificant to an extent.

Bitget remains the best for me after Binance, I don't think they charge the seller because I've calculated the monetary value most times and the quantity of coins in selling corresponds to what I'm to receive void of the taxes I see there, do I'm made tho conclude that it's the buyer that is paying the taxes.

Bybit prices are much longer than Bitget which made me stop selling coins on the platform and since they updated their app, their vendors are so dramatic and those shots pissed me off

To be honest binance will always remain the best is sad that they don’t longer offer those services in our country, well now I prefer using both bitget and Bybit but I usually make use of bitget despite the fee , aslong it’s offers a smooth p2p process is all good , beside the fee isn’t that much so something you can easily pay most time , but Bybit also good but due to some much complains have heard I was force to minimize the way I use Bybit.

Not Bitget that is charging the fee but the buy and seller that created the their ads. Not all buyers and sellers that charge the fee. Sometimes the fee can be high but you can change the vendor because you will see the fee before you proceed.

I have compared the exchange before and I see Bybit to have better price. But probably this could change because not the exchange that is setting the price but the ads owner.

Yeah, it's really making things seeming so confusing and manipulative especially for the sellers, it's awful to see buyers always trying to exhibit some sort of sketchy behavior towards making payments. How can a buyer be sending part payment and chatting sellers that they can't pay full amount for some reasons like market price affecting their profits. Wetin concern me with your profits, pay wetin show for screen biko. This behavior dey really pissed me off.

Well i think for some times now i have been trading some coin and some transaction with them for awhile and i have not experienced any unprofessionalism with them for awhile and i have not noticed any funny moves with thier  p2p exchange well when i was to choose a p2p exchange it took me awhile to get used to ByBit, i guess the factor of lesser fees made me trade my coin with ByBit and it security and some user experience made me trade with them and since then it has been a wonderful journey with them.

I don’t know where OP get him own information from because as I Dey do p2p transaction in Bybit no any any charges, I no see any exchange wey Dey charge for P2P transaction and apart from Binance them get some exchange wey we Dey manage like KuCoin and they later removed the market, even as e hard reach say Nigerian no like all this P2P transaction I believe say there will never be a charges and if to say charges Dey no be today the matter go cast.

I never see anything about that p2p charges wey Dey that image so but if that thing happen make the person know say they no Dey charge for P2P transactions for Bybit Abi na new that one start wey we no know? Make that person Dey careful make they no later scam am, make e no later be another matter next time because scammers Dey exchanges wey Dey always get eyes for person property.

He is referring to Bitget, not Bybit. He is right.

I am familiar with all the exchanges you’ve mentioned above. But I have never used any of them for p2p transactions except Bybit. Bybit came into existence and I opened account with them only when Binance p2p was stopped and also that of OKX. Those two never asked for transaction fees and their services were great. Likewise Bybit that most Nigerians also use now including me, I have never seen any fees being charged when transacting in p2p. I have heard of Bitget p2p but I’ve never for ones tested it since I have no problem with Bybit I’m using now for such transactions. The user experience is great and I feel it has more users on board than Bitget when it comes to p2p just that you’ve to be careful with scammers advertising there too, rechecking before selling of your coins is important there to avoid been scammed.

Since I don’t Dey use p2p, na only Binance, KuCoin, and bybit I don use before. When I start na Binance I start with, but as government coke start with their wahala wey dem no allow fit make use of the p2p again, then I come switch to KuCoin, e no really too far before dem block us also, then I come switch to bybit, since KuCoin block us, na bybit I Dey use now. The only thing wey Dey be say, I no really see any difference among the three, I see them as the same, and I no go really fit talk say na one make sense pass, because all get similar futures.

Thank you for the correction.

Bitget do charge a fee. Maybe it's been long you used the service. I just checked now and the P2P fee charge came into effect starting from 9th Oct, 2024.

I'm not too comfortable with local exchange. I had a terrible experience with Luno and I swore never to use it again.

I think its Bitget that charges the fee and you might want to read this: https://www.bitget.com/support/articles/12560603816526

I they use remitano, bybit and Bitget but nah Bybit I they use pass, since Binance and kucoin don comot for line I don replace them with the two way I mention, Bybit they give me best rate compare to watin I they see for remitano even as people they complain of the bad experience for Bybit I still they carry on my deal but I they sabi careful, I they only use remitano if eh be say the transaction way I wan do big and I wan diversify am make the risk reduce.

First I was using kucoin before NGN was delisted from it's p2p but I am currently using bitget and I find it more convenient to use. Although I have tried using bybit but had kyc problem on sign up, but apart from that bitget has been my current p2p exchange and I have been enjoying it for a long time. For me the added charges does not matter provided my coin can be exchanged to fiat. I  even discover that sometimes when you send crypto from any exchange to bitget, It looks like the value has drop alot, but after u sell it and exchange in p2p your price value in Fiat will increase. There is something about the bitget price in p2p I like about that is why I stick to it. I don't know for anyone else but I love it.

It wasn't only Binance that deleted NGN p2p from their exchange, I believe it's been over a year since KuCoin delisted NGN p2p; perhaps you didn't focus on the local board when people complained about KuCoin deleting NGN p2p. I noticed that even people who have previously used Mexc have said that it doesn't have NGN p2p.

Furthermore, I've never used Bitget for p2p since everything about the exchange looks to be quite slow to me, one time, I made a withdrawal from the exchange and it took about 8 hours for me to get it on another exchange. I've only used KuCoin and Bybit since Binance disabled NGN p2p, and none of the two exchanges has charged me a fee for p2p transactions  To be honest; I have no idea how others feel about Bitget because I do not like the exchange.

Exchanges are not very important to me. Because I don't use exchanges much. I usually use Bybit as an exchange only for buying and transferring assets to decentralized wallets. The use of exchanges in my life is only a few minutes. Only as long as it takes to buy tokens/bitcoins and make transactions in decentralized wallets. Maybe I will gain more skills about exchanges when I get involved in P2P trading. In general, I don't need P2P trading much at the moment. But so far I haven't seen any problems with the Bybit I use.

I haven't used many exchanges. But I have heard of Bybit, Bitget, Kucoin and Binance. I use Binance. In my opinion, every exchange considers the convenience of the user first. I have been using Binance recently and I can complete my required tasks very easily. So far I have not encountered any bugs or problems. But, I would like to know which exchanger is always better to use by using other excengers myself.

I don't know whether the problem is from my end but I have never used bitget P2P service successfully. I have made several attempts to try their P2P service but always end up with error message telling me they're too many orders at the moment and I should try again later. Mind you, I have set up everything necessary and also try different vendors but the problem persists that usually force me to transfer out my assets to bybit. Therefore, bybit remains the best for me when it comes to P2P transaction.

I haven't noticed this P2P charges in bybit but I know about kucoin charges when withdrawing assets in compliance with federal government. I wonder if all these exchanges are operating under the same federal government law or not because I don't understand why some due deduct fees for transactions and others do not.

The fee they too much if them ask me because I they consider people way they withdraw very small amount, e get people way they withdraw 2k and from my calculation this fee is approximately NGN400 which means for 2k the person will be getting only NGN1,600 e they  big, but if na those way they withdraw 50k to 100k e no mean anything for them because the fees no they move based on the amount way person they withdraw, so this go only affect those low amount withdrawals.

Although no be because of binance ceasing P2P exchange na in make other exchange come they use P2P because when binance P2P was existing bybit been also they there they do there things but the difference be say bybit no come get clients like binance because na only that one they give people more of waiting them need.

Been using Bybit since Binance shutdown. I have also used Bitget 2-3 times — I still recommend Bybit. But you have to be very careful with who you chose to trade with so you don't fall prey to those annoying scammers over there. Bybit is more or less like localbitcoins from back in the day that was infested by scammers but you can still have problem-free trades over there.

As a bonus, Fees on Bybit P2p are zero. 0. Nada.

With the way Bitget has really improved their P2P trading, it will be difficult for someone to get scammed there. I even observed that any trader that is speculating more than what the rate is going in the official market, get restricted immediately. You can't go to Bitget and be listing your trade with higher rate than what is obtainable in the official market.They have observed that people who does this  have the potential to scam people. I must say that Bitget is the most preferred P2P market for me. And even when you have bulk trades, and you don't feel comfortable or finding it difficult to find a trusted merchant you can make use of their express trading option. There Bitget management will give you someone they trust that you can trade with. This is really a game changer for me, you know someone that the management selected on their own and recommends for you simply means that your transaction is safe, no matter how huge the transaction might be.

I haven't seen any exchange that takes charge while doing p2p and i am sure people won't use it that much because of the charge, nobody wants to be paying charge. And for your question, my best and favorite exchange is Bybit, it is so easy and user friendly, you no need too much corner corner before you go trade and they no go even charge you if you wan do p2p just that ah don experience so kind funny funny things wey buyer no go send money complete and if you no dey careful you go rush release coin. Binance dey complex to use do p2p.

I've used it a couple of times and I've never had this kind of issue. Perhaps, you should talk to their support about it.

You're right. Imagine if someone wanted to trade $5,100 dollars, it means Bitget would collect about $26 as fee and that's way too much if you ask me.

I do see it but I never knew it's one of the reasons traders are restricted. It's a good thing they're taking drastic action to ward off scammers.

The express option was also available on Binance and one thing I've noticed is that the price is lower than the official market price and for that reason I don't like using it.

Yeah that's one of the reasons why most traders there are restricted, besides other reasons. But the one that's makeing most of the traders, even reputable traders get restricted is because they violated this. You remembered on of the reasons that made the federal government banned binance and other exchange P2P was that, traders were speculating higher rates as against what was is obtainable in the official market. So Bitget management learned from that, and made sure there is sanity in their platform.


Most times we should consider successfull trading and safety of our transactions over high rates. Most people do enter problems in P2P is because of chasing high rates. Sometimes the difference is not always more than #10 to #20. But that being said, the rates at the express option is not low, it's always the same with that of the P2P,  the rate they will first tell you as the reference rate, is not usually the rate they go with. They go with the official rate when you are choosing the bank account thetrader will send your money. When you get to that stage, just be observant, and you will see what I am talking about.

I'm just new to using Bitget p2p recently, after I had an issue with Remitano, which happens to have been the second exchange I'm using, ever since Binance p2p was removed due to our government's unfavorable policies. But however, I have never given given such details about p2p fees a second thought, since we all know how our Nigerian government have been seeking taxations from these crypto exchanges that offer services here in Nigeria. So it's obvious, that fee is likely to have been an avenue to generate enough revenue, so as to pay to our Nigerian government, to enable smooth business across the nation.

My brother normally as you don talk already, na binance nai be our number one choice for we country before federal government carry their wahala chase them out of we country, so after binance left, I have to open bybit account account even when no be really my mind, but since na them be the best available options among exchange, so since then, na bybit I dy use, people dy complain about how scammers full for bybit p2p services but honestly I never fall for such because I believe say I dy do the right thing, which is not releasing any of my asset till I see money inside my opay account.

The only day then for scam me na when I be wan withdraw some usdt like that, e come out 33k plus, instead of the person to send me the 33k plus, him send me #3300 plus the fraction wey dy on top, when him come dy ask me to release, I tell am say the money never complete, so him say make e check am, so him later chat me back am be apologizing saying na mistakes, then him come send the remaining balance, before I release the coin, but take note, when it comes to p2p services, e no matter which exchange you dy use, if you no shine your eye, them go use you cashout, so we need to dy very careful when doing p2p because it's not about exchange, it's more of carefulness and concentration.

My most preferable exchange was Binance until federal Govt Clampdown on the Exchange, so after Binance stop rendering P2P services to Nigeria, I had to start Using Bybit Exchange for all my P2p transactions til date.

The first day wey I used Bybit P2p to sell my Usdt, I bin won sell $22 wey I get from the then Hamster Kombat airdrop,as I withdraw the funds I com dey wait for the person to send the money,as I dey wait nah so the person chat me up to Release coin,I com tell am say I Neva received the money wey him transfer,the person com tell me say, him don send the money already say na network dey cause am, say make I release the coin say later the money go drop,I com tell am say if i no see the money I no go release the assets, after some time,the guy com send the money to me.

So you see how this guy try to scam me if to say I no dey wise na so I for take fall victim to this scam.
E good make we dey very careful when we dey use P2p service especially from Bybit Exchange so that make we no fall for this scammers.

For now there's no perfect Centralized Exchange in Nigeria because all of them their vendors dey negotiate price with sellers. And all of them dey charge fee for trading. And all the exchange (CEX) dey charge when we dey convert coins to another coin and before it was not like this. And as it is na you go o ow which one e good goe you to trade because all the once I am using now e dey di same. The easiest one might not be easy in another person. So you can use either Bybit, Bitget, Yellow Card and others.