Nigeria’s cryptocurrency community is set to get a significant boost with the launch of Kingzprime, a homegrown digital asset platform designed to make trading, spending, and managing crypto simpler and more profitable.
Nigeria has been among the global leaders in cryptocurrency adoption for years. A 2023 Creditcoin report citing Statista noted that 47 per cent of Nigerians between the ages of 18 and 64 have used or actively engaged in cryptocurrency.
Chainalysis data further reveals that between July 2023 and June 2024, Nigeria processed around $59 billion in on-chain crypto value, making it the beating heart of Africa’s blockchain economy.
Kingzprime was built for local needs
Despite this remarkable adoption, many Nigerian crypto users still face the same frustrating obstacles: high swap fees, complex transaction processes, and costly conversions from digital coins to naira.
From paying electricity bills to making quick trades during market shifts, the friction often means lost profits and unnecessary stress.
The platform aims to solve that problem. Founded by Nigerian crypto entrepreneur Dr. Kingsley Ossai, the company integrates modern blockchain capabilities with practical, everyday financial tools, removing the roadblocks that often discourage users.
“Kingzprime didn’t start in a fancy boardroom,” Dr. Ossai explained. “It started with me swapping crypto for people in my DMs when bigger platforms were either too complex or didn’t work for Nigerians. Over time, I knew we needed a local solution that protects profit, promotes access, and helps people succeed, not struggle.”
The exchange currently supports over 25 cryptocurrencies across multiple networks, allows instant and free coin swaps, and lets users pay bills or shop directly with crypto—without first converting to naira.
At its core, Kingzprime wants to make digital assets usable beyond the trading chart. The platform’s virtual card feature enables users to spend crypto like fiat currency—covering everyday expenses such as groceries, online subscriptions, or even electricity payments to providers like AEDC or IBEDC.
In addition, freelancers and remote workers paid in stablecoins like USDT can withdraw or spend their earnings directly, avoiding delays or restrictions from traditional banking channels.
Businesses also have access to an Over-the-Counter (OTC) service for bulk cross-border payments, bypassing limits often imposed by banks.
One of Kingzprime’s core messages is, “You worked for your profit—you deserve to keep it. ” This message underscores the company’s zero-swap-fee policy.
About Kingzprime
Kingzprime positions itself as an exchange and a movement for financial inclusivity. Combining traditional banking services with blockchain innovation aims to offer Africans a dependable bridge between the global digital economy and local financial needs.
“This isn’t a project born in the boardroom,” the company emphasises. “It’s a solution that started in the trenches—WhatsApp DMs, failed transactions, late-night swaps. It was built by real Nigerians who the system has burned, and now want something better. For all of us.”
Kingzprime’s mission is clear: to empower individuals to confidently take control of their financial lives by removing the technical and financial hurdles that have long held back full crypto utility in Nigeria.
As Dr. Ossai puts it, “Kingzprime is here to protect your hustle, empower your trade, and connect your crypto to real-life value—whether buying lunch, paying bills, or saving for a rainy day.”