Binance Alternative in Nigeria

Binance Alternative in Nigeria


4 min read

Binance, one of the largest cryptocurrency exchanges in the world, has gained immense popularity among Nigerians looking to buy, sell, and trade cryptocurrencies. However, with the recent ban on cryptocurrency trading in Nigeria, many people are now seeking Binance alternatives to continue their cryptocurrency trading journey.
In this blog post, we'll explore the best Binance alternative available to Nigerian users.

Alternative to Binance:

1. Skye Wallet:

Here is one of the best crypto platforms breaking the barrier in the cryptocurrency industry in Nigeria with quality service deliveries.

Skye Wallet which is known for its utmost Simplicity, Convenience and Security was launched on Web, Android & App Store in April 2021.

Skye Wallet is the simplest and one of the fastest-growing cryptocurrency platforms in Nigeria, making it possible for anyone to trade cryptocurrency instantly (Buy, Sell, Swap, Send, Receive, Save and Spend cryptocurrency in a minute) using multiple options of deposit such as; Instant Bank Transfer, Voucher and automated P2P system.

Skye Wallet currently supports more than 25+ coins/tokens, such as BTC, USDT, BNB, BUSD, LTC, DASH, BCH, and SHIBA INU, and has the infrastructure to list as many coins and tokens as possible.

However, Skye Wallet has exciting features which makes it a favourite crypto exchange for many in Nigeria.

Features of Skye Wallet:

1. Sign-Up Bonus:

Sign up and get 50,000 Naira instant welcome bonus. Skye Wallet offers you 50,000 Naira at sign-up. You receive the same amount from the sign-up bonus that is offered in proportion to the 0.5% referral bonus that you earn. This implies that you would have received a second payment of 50,000 Naira at the same time you received the 50,000 Naira referral incentive.

Yes! The 50,000 Naira is different from your referral bonus, your referral bonus is your gain for referring users that transact, then another 50,000 Naira is given to you freely for gaining up to 50,000 Naira referral bonus which makes it a total of 100,000 Naira.

2. Referral Bonus:

Skye Wallet's referral program makes it possible to create a lifetime daily passive income. To earn a referral bonus on Skye wallet, you refer people to join the platform and also make transactions. You earn 0.5% of all transactions your referrals make.

3. Instant Buy and Sell:

The main objective of Skye Wallet is to make the buying and selling of cryptocurrency swift and easy. With the help of Skye Wallet's user-friendly interface, beginners with no prior experience in cryptocurrency trading can buy and sell cryptocurrencies quickly and effortlessly.

4. Instant Deposit and Withdrawal:

Skye Wallet makes it easy for you to transfer money from your Naira wallet into a local bank account.

On Skye Wallet, deposits can be made swiftly, easily, and instantly. There are three distinct payment options available to you such as; Bank Transfer, Voucher and automated P2P system.

5. Savings:

The savings feature allows you to save USDT and earn up to 15% interest on your savings over a specified period. The percentage of profit that you can earn is dependent on the duration of time for the saving plan you’ve chosen.

Skye Wallet offers two options for the savings feature; Fixed Savings and Flexible savings.

With the Flexible Savings Plan, you can conveniently access your money whenever you need it; you earn a 13% return annually on your investments.

With the Fixed Savings option, you may earn up to 15% interest annually on your savings. This interest is made available for you upfront, which you can claim instantly.

6. Buy Crypto for as Low as N500:

In Nigeria, purchasing bitcoins is now simple thanks to Skye Wallet. For as low as N500, you can purchase and acquire cryptocurrency tokens and coins.

7. Safety:

Security of assets, regardless of their nature, is crucial. With the use of unique passwords to access your account and a 4-digit pin required to approve any transaction on your account, you are sure of the security of your funds.

8. 24/7 Customer Support:

Skye Wallet offers a 24/7 customer support service that is nearly impossible to find anywhere.

How To Sign Up On Skye Wallet:

Getting started with Skye Wallet is simple and only requires a few clicks; Visit the website or download mobile app on Google Playstore or App Store

1. Click on “Create account”.

2. Provide the necessary information such as FIRST NAME, LAST NAME, EMAIL ADDRESS, PASSWORD and PHONE NUMBER and click “Continue”

3. An OTP will be sent to the email address you provided; input the OTP sent and click on “Confirm” to successfully create an account.


Three levels of KYC verification are required on Skye Wallet. They include:

Level 1 verification: This entails verifying a valid Nigerian phone number.

Level 2 verification: This entails verifying a valid Nigerian bank account.

Level 3 verification: This entails verifying a valid means of identification, which includes either of the following: Drivers license, International Passport, National Identity Card and Voters Card.

Download the Skye Wallet app on Google PlayStore or AppStore or visit our website to get your crypto journey started.