Busha — review & details

In Crypto exchanges · By the Rateweb editorial team · How we rate · Details checked 18 Jul 2026

The second SEC-licensed Nigerian exchange - locally regulated and beginner-friendly, with a direct naira rail. A safer-tier option than the offshore apps, if narrower on coins.

Busha

The second SEC-licensed Nigerian exchange - locally regulated and beginner-friendly, with a direct naira rail. A safer-tier option than the offshore apps, if narrower on coins.
★★★★☆
4.2/5 · How we rate
SEC-licensed (Nigeria)
Regulation
Direct (bank)
Naira Onramp
Simple naira buying
Best For
Low local rates
Trading Fee
Pros
  • SEC-licensed — local oversight + recourse
  • Direct naira deposits, clean app
  • Good for first-time buyers
Cons
  • Smaller coin selection than global exchanges
  • Crypto is volatile — capital at risk
  • Confirm current fees in the app
Fees, eligibility & documents
Fees
Trading feeApplies - confirm current in-app
Naira depositDirect naira rail
WithdrawalNetwork fee (varies by network)
Eligibility
  • 18+ Nigerian resident
  • Active BVN
  • A Nigerian bank account for naira rails
Documents needed
  • BVN
  • Valid ID
  • Selfie / phone number for KYC
Visit Busha
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How Busha compares in crypto exchanges

Busha scores 4.2/5 in our crypto exchanges rankings. Our current top pick is Quidax (4.4/5). Always compare a few before you decide — see the full crypto exchanges comparison.

Busha
4.2/5 · this page
 Quidax
4.4/5
 Luno
4.1/5
Regulation SEC-licensed (Nigeria) SEC-licensed (Nigeria) SEC incubation (ARIP)
Naira Onramp Direct (bank) Direct (bank) Direct (bank)
Best For Simple naira buying Local, regulated buying First-time buyers
Trading Fee Low local rates Low local rates Low local rates
Visit Busha → Visit Quidax → Visit Luno →

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Details last checked: July 2026

Ratings are Rateweb's editorial opinion. Product details are checked periodically but can change — confirm current terms with the provider before acting. We may earn a commission from some links, at no cost to you.