Nigerians Flock to Apexpay for Transparent and Fast Crypto Trades

Nigeria has seen a significant shift in how citizens trade and cash out their Bitcoin over the past three years, from P2P chats to using dedicated apps like Apexpay. The country received over $92 billion in crypto between July 2024 and June 2025, making it sixth globally and first in Sub-Saharan Africa on the Chainalysis Global Crypto Adoption Index.

The main reasons people are selling Bitcoin on Apexpay include seeing the Bitcoin to naira rate before sending any BTC, getting paid in minutes rather than hours, choosing how to get paid (naira, cedis, or USDT), and not having hidden fees. The app also buys 12 coins, including Ethereum and stablecoins like USDC.

The use of Apexpay is also driven by the fact that selling Bitcoin is now legal and regulated in Nigeria and Ghana, with the Investments and Securities Act 2025 recognizing digital assets as securities under SEC oversight. This has led to a safer trading environment for users, who can now get a record of their transactions, payouts they can trace, and companies they can hold responsible if something goes wrong.