Quote from: Wolf of One Street on May 16, 2025, 09:08:45 PM

Quote from: God Tim on May 12, 2025, 09:53:42 AM

Hey guys, we have really check how the government and the some banks dey draw cryptocurrency, so in this topic i love to highlight some Crypto friendly banks in Nigeria today's, and also we all know that the Cryptocurrency has be the most popular digital assets in the world today and most investors, individuals, businessmen are using it to run some daliy transactions.

Right from time the cryptocurrency asset in Nigerians banks have taken the storm and have really becomes a popular way of individual to make transactions.

Here are the top banks.....

Here are some top banks in Nigeria that are crypto-friendly and may facilitate Bitcoin transactions:

Quote

- Zenith Bank: Supports Bitcoin, Litecoin, and Ethereum transactions, allowing direct debit from crypto wallets.
- Providus Bank: Offers savings accounts for large deposits and withdrawals, suitable for crypto traders, and partners with exchanges like Quidax and YellowCard.
- Kuda Banj: Allows users to buy and sell Bitcoin and other cryptocurrencies with zero transaction fees, offering budgeting tools and cashback rewards.
- Rubies Bank: Integrates crypto services, providing a user-friendly interface for managing cryptocurrency portfolios and partnering with reputable exchanges.
- ALAT (Wema Bank): Enables buying and selling of Bitcoin and other digital assets, with features like instant account opening and free debit cards.
- GTBank: Offers seamless cryptocurrency-friendly services through its mobile app, allowing users to generate virtual dollar debit cards for online purchases.
- Fidelity Bank: Integrates blockchain technology, providing an online platform for buying and selling cryptocurrencies, and offers secure storage for digital assets.
- First Bank: Supports buying, selling, and holding digital assets, with a user-friendly online platform and secure storage.
- Access Bank: Collaborates with blockchain start-ups, offering digital currency solutions, crypto education, and workshops.
- Stanbic IBTC Bank: Partners with leading crypto exchanges like Binance and Luno, providing secure trading and portfolio management.
- Sterling Bank: Offers buying, selling, and exchanging cryptocurrencies, with partnerships with popular crypto exchanges.
- Heritage Bank: Allows customers to buy and sell cryptocurrencies on its platform, HB LITX, with advisory services for crypto investments.
- Polaris Bank: Provides secure and user-friendly crypto transactions, with a multi-layered security approach.
- Union Bank: Partners with cryptocurrency exchanges, launching its digital currency, UnionX, for various transactions.
- *UBA*: Hosts blockchain conferences, collaborates with companies to bring blockchain and cryptocurrencies to customers.

Links and References
https://blog.transferxo.com/what-banks-are-crypto-friendly-in-nigeria/

These banks have shown a commitment to embracing cryptocurrencies and blockchain technology, making them potential options for Bitcoin accumulation and transactions

Although recently The Director General, Nigerian Securities and Exchange Commission, Emomotimi Agama said that trading crypto currency in Nigeria is now legal, I don't think if our local banks have integrated it into daily transactions. We will know it very soon as it will be a rrt good thing to know but I will never advice anyone to store his or her crypto with any bank even if they approve it soon, use your wallets either cold or hot and only do transactions with them from your wallet to pay bills or make exchange.

Trading crypto is legal in Nigeria according to Emomotimi Agama but that doesn't mean banks can do otherwise if there's any crypto related words in your transactions description,they will certainly freeze your account and report you to the CBN. The only time I can acknowledge bank as crypto friendly is when I receive a memo from my bank addressing me that Crypto related activities in transactions is no longer prohibited. The CBN have to remove the standing orders given to banks to report any crypto related activities in other to bring transparency and to encourage Bitcoiners to trust in the government Words that cryptocurrency trading is now legalized otherwise I won't believe them.