If you're in Nigeria and looking to buy Bitcoin or trade altcoins, you've probably come across Naijacrypto. A quick Google search shows flashy ads, promises of low fees, and claims of instant withdrawals. But here’s the problem: Naijacrypto doesn’t show up in any of the top 2025 reviews of Nigerian crypto exchanges. Not in NFTEvening’s list. Not in Breet’s guide. Not in BrokerChooser’s or Bitcoin.com’s rankings. Not even on Trustpilot, Reddit, or G2. That’s not an accident. It’s a red flag.

Why No One Talks About Naijacrypto

Reputable crypto review sites don’t just pick exchanges at random. They test them. They check security, fees, withdrawal speed, customer support, and whether the platform is licensed. Luno, Breet Wallet, and EasyEquities all appear because they’ve passed these checks. Luno lets you deposit and withdraw Naira directly through Nigerian banks. Breet Wallet processes withdrawals in under five seconds with zero fees. EasyEquities offers low costs and a clean mobile app. All three have clear ownership, published security policies, and real user feedback.

Naijacrypto has none of that. No founder names. No company registration details. No mention of cold storage, two-factor authentication, or insurance for user funds. If it were legitimate, it would be in these guides. The fact that it’s missing tells you everything you need to know.

The Nigerian Crypto Scam Landscape

Nigeria has one of the largest crypto markets in Africa. But it’s also a prime target for scams. The Central Bank of Nigeria banned banks from handling crypto transactions back in 2021, forcing users into P2P channels and unregulated platforms. That’s exactly where scammers thrive.

Recent reports from the DFPI Crypto Scam Tracker show Nigerian users losing hundreds of thousands of dollars to fake exchanges. The pattern is always the same: high returns promised, easy deposits, then suddenly - withdrawals blocked. The platform claims you owe “taxes” to a fake “Crypto Regulatory Authority.” Or your account gets frozen. Your money vanishes. No one answers your emails. The site disappears.

These aren’t rare cases. In 2025 alone, over 120 Nigerian crypto scams were reported - many using names that sound local and trustworthy, like Naijacrypto. The name itself is designed to feel familiar: “Naija” for Nigeria, “crypto” for blockchain. It’s not a coincidence. It’s a trap.

What Legitimate Exchanges Do Differently

Real exchanges don’t hide. They show their work. Here’s what you’ll find on trusted platforms:

• Direct Naira integration - You can deposit and withdraw in Naira via bank transfer, OPay, or Paga.
• Clear fee structure - No hidden charges. Fees are listed upfront.
• Security details - Cold storage, 2FA, and regular audits are standard.
• Customer support - Real people, based in Nigeria, who respond in under 24 hours.
• Regulatory compliance - Even if not fully licensed, they follow SEC guidelines and disclose their status.

Luno, for example, has a 9.8/10 user score in Nigeria. Why? Because they’ve spent years building trust. They’ve hired local staff to handle banking issues. They’ve adapted to Nigeria’s financial restrictions. They don’t just accept your money - they protect it.

Naijacrypto offers none of this. No contact info. No about page. No terms of service. No license number. No verification steps. If you can’t find basic information about who runs it, you shouldn’t deposit a single Naira.

Red Flags You Can’t Ignore

Here are the top warning signs that Naijacrypto is not safe:

• No presence on major review sites - If it’s not on NFTEvening, BrokerChooser, or Bitcoin.com, it’s not vetted.
• No user reviews - No Reddit threads. No Trustpilot ratings. No YouTube unboxings. Zero organic buzz.
• Website design looks copied - Poor grammar, stock images, broken links - signs of a rushed scam site.
• Promises of guaranteed returns - No legitimate exchange guarantees profits. If they do, run.
• Pressure to deposit quickly - “Limited offer!” “Bonus ends tonight!” - classic scam tactics.

These aren’t just “maybe” red flags. They’re flashing neon signs. In a market where people lose life savings daily, you can’t afford to guess.

What to Use Instead

If you want to trade crypto in Nigeria safely, stick to platforms that are proven and transparent:

• Luno - Best for beginners. Simple interface, direct Naira deposits, built-in wallet, and 24/7 local support.
• Breet Wallet - Best for instant Naira cashouts. No fees, fast withdrawals, encrypted transactions.
• EasyEquities - Best for traders who want more than Bitcoin. Access to global stocks and ETFs alongside crypto.
• Paxful - Best for P2P trading. Peer-to-peer with escrow protection.

All of these have real customer service teams, documented security practices, and thousands of active Nigerian users. They’ve survived the CBN’s banking restrictions. They’ve earned trust. Naijacrypto hasn’t even tried.

Final Verdict: Avoid Naijacrypto

There’s no gray area here. Naijacrypto is not a crypto exchange you can trust. It’s not under review. It’s not under investigation. It’s not even on the radar of experts who track Nigerian crypto trends. That’s because it doesn’t exist as a legitimate business. It’s a shell. A front. A digital ghost.

Don’t be the next victim. Don’t send your savings to a platform that won’t answer your questions. Don’t risk your money because a website looks “professional.” Real platforms don’t need to hide. They don’t need to trick you. They earn your trust by being open.

If you’re serious about crypto in Nigeria, use the tools that are already working for millions. Skip the noise. Skip the hype. Skip Naijacrypto.