How to buy Litecoin with naira, step by step
From your bank app to a Litecoin casino wallet.
- Pick an SEC-listed exchange
The participating exchanges in the SEC's accelerated incubation program are Quidax and Busha.
- Verify your identity
Both exchanges require that you be 18 years or older. To verify your identity on Quidax you need a driver's license or international passport and/or your NIN. Busha's Level 2 asks for your BVN and a government ID.
- Deposit naira by bank transfer
Quidax recommends direct bank transfer only. Busha allows you use the bank app or USSD to do the transfer and provides you with an account number to do so and also requires your BVN.
- Buy the Litecoin
You can find the order book for Litecoin on Quidax, or use the Instant Swap Feature. For Busha, you have to use the instant buy feature.
- Send it to the casino
After you complete the swap, you have to withdraw Litecoin to the casino. Quidax lets you save casino Litecoin addresses.
Before you do step 5, check the casino's minimum Litecoin deposit. You can find a list on our Litecoin casino page.
The cheapest way to buy Litecoin with naira
You will see the amount of Litecoin your deposit bought you at the casino.
Quidax and Busha have differing fees in varying places. Quidax has a tight market price, a 0.1% trading fee and a 0.002 LTC fee to to facilitate LTC transfers out of the platform. Busha charges a 0.000025 LTC transaction fee to facilitate transfers out of the platform, and has been seen charging a ₦100 deposit fee. Busha also builds a spread between its buy and sell prices, with the buy price of LTC about 5% higher than the sell price.
| You spend | Quidax | Busha | Better by |
|---|---|---|---|
| ₦5,000 | 0.04952 LTC | 0.04931 LTC | Quidax, ₦20 |
| ₦10,000 | 0.10104 LTC | 0.09965 LTC | Quidax, ₦130 |
| ₦20,000 | 0.20407 LTC | 0.20033 LTC | Quidax, ₦350 |
| ₦50,000 | 0.51318 LTC | 0.50238 LTC | Quidax, ₦1,012 |
| ₦100,000 | 1.02836 LTC | 1.00579 LTC | Quidax, ₦2,115 |
Quidax: market buy at the ₦96,956 ask, minus 0.1%, minus 0.002 LTC to send. Busha: ₦100 deposit fee, buy at ₦99,322.80, minus 0.000025 LTC to send. Prices from both exchanges' public price feeds, 25 September 2026, 10:23 to 10:27 UTC; the "better by" column values the difference at ₦93,669 per LTC.
Depending on the price Quidax wins at higher amounts. At amounts lower than ₦4,100, Busha is favored. Leaving the LTC on the exchange means Quidax is favored. A limit order on Quidax can get an even better price.
What you need to buy Litecoin in Nigeria
Both exchanges let you deposit before full checks, but neither lets money out without them.
| Exchange and level | What you give | What it unlocks |
|---|---|---|
| Quidax Basic | Driver's licence, passport or NIN slip, and a live selfie | Unlimited deposits; withdraw 1,500 USDT of naira and 7,000 USDT of crypto a day |
| Quidax Advanced | Bank statement or utility bill, under 3 months old | 6,500 USDT of naira and 50,000 USDT of crypto a day |
| Busha Level 1 | Phone number and basic details | Deposits only; no withdrawals |
| Busha Level 2 | BVN and a government ID | ₦10 million in and out a month |
| Busha Level 3 | Proof of address | ₦500 million in and out a month |
Quidax also added a BVN step in September 2026: without a BVN on file you cannot withdraw. So whichever you choose, have your BVN ready.
Can you use OPay to buy Litecoin with naira?
What the two exchanges accept for naira.
- Both favor a bank transfer from your account. Quidax also mentioned that in the interim, it would not be taking naira deposits through Pocket or Qdirect.
- OPay and PalmPay wallets. Exchanges won't mention them. What's important is the name on the sending account. Quidax keeps deposits with a different name from your ID and will review them later.
- A trusted person or a company. Busha also mentions to send only with your name. Quidax flags company accounts for review.
If a deposit is held, Quidax asks for your proof of payment by email to support@quidax.com. Lagos-licensed books such as 1xBet handle naira directly, with payouts to Opay, PalmPay and 32 banks, so you can skip buying Litecoin altogether.
Sending the Litecoin you bought to a casino
The one step where a mistake costs everything.
Litecoin (LTC) addresses that Casinos use for deposits begin with the letter L, M, or ltc1. The first and last 4 digits of the address should be checked when scanning the QR code. For additional information, see our article on casino deposits. Other Casinos will let you deposit LTC via the BNB Smart Chain. Only pick this option if the casino shows a BEP-20 address and you pick Smart Chain when making the transaction.
Depending on the demand, the cost of each Litecoin transaction can vary. Expect a small difference in the amount reflected on the Fees page. If you wish to deposit USDT instead, see our article on Litecoin and Casino deposits. For Casinos that process withdrawals quickly, see our article on fast withdrawal Casinos. Our article on Litecoin states how to cash out your winnings to Naira.
Buying Litecoin in Nigeria without the risks
Google shows many ways to buy. Only two are on the SEC's list.
Crypto is legal
Crypto is legalThe Investments and Securities Act 2025 puts digital assets under the SEC, and since December 2023 the Central Bank lets banks serve licensed crypto firms. Buying Litecoin with naira on a listed exchange is ordinary, legal trading.
Where the risk sits
Card on-ramps and P2P marketplaces rank for "buy Litecoin with naira", but none of them is on the SEC's list. Binance ended naira P2P in March 2024 and Quidax closed its P2P market on 23 January 2026. Paying a stranger first leaves you with nobody to complain to.
Learn about the legality of crypto gambling in Nigeria before you start.
Buying Litecoin with naira: common questions
On 25 September 2026 the Quidax order book was cheapest for anything above about ₦4,100: a market buy paid the ₦96,956 ask plus a 0.1% fee, against Busha's ₦99,322.80 buy price. Below about ₦4,100, Busha's tiny 0.000025 LTC sending fee made it the better choice for funding a casino.
Yes, Quidax and Busha offered cryptocurrency and digital token pairings with the naira, at the time of the SEC’s report.
Quidax and Busha do not process payments via OPay. Additionally, both platforms require bank transfers from accounts in your name, and Quidax will hold your deposit for review if the account name does not match your ID.
Around ₦1,326, according to CoinGecko on 25 September 2026. It was relatively more expensive on Nigerian exchanges. Quidax charged around ₦1,370 at the time.
Buy only what you planned to play
A budget set in naira is easier to keep.
Decide on the amount in naira that you want to spend. Once you open the exchange, make that purchase.
If you find yourself spending money on gambling to the extent that it is no longer enjoyable, reach out to someone.
Gamble Alert: +234 916 295 7989 (24/7), toll-free +234 705 889 0073. MANI: 0809 111 6264.
Free, confidential helplines. You must be 18 or older to gamble.