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how can i buy bitcoin in nigeria

how can i buy bitcoin in nigeria

how can i buy bitcoin in nigeria插图

How can I buy Bitcoin in Nigeria?companies: dozens of these offer the sale or exchange of bitcoins primarily through their respective websites or mobile apps. They typically accept Naira payment via MasterCard,Visa,Verve cards,online bank transfer or some mobile money platforms: these allow individuals to buy and sell bitcoins and typically offer a secure platform that includes escrow. …Phone:01 888 7011Email:[email protected]

What is the best place to buy bitcoin in Nigeria?

Trusted Apps Sites to Buy Bitcoin in NigeriaPaxful. Paxful is a secure peer-to-peer marketplace Bitcoin that started in 2015 by Ray Youssef and Artur Schaback.Remitano. Remitano is a P2P bitcoin marketplace where you can buy and sell bitcoin easily and safely. …Binance. …Quidax. …Nairaex. …Breet. …Blockvila. …Kraken. …Buycoins. …LocalBitcoins. …

How to make money through Bitcoin in Nigeria?

Nigeria is one of the most Bitcoin-interested countries in the world.Any Nigerian with a computer and internet connection can make money with Bitcoins.The legal ways to earn with Bitcoins include: Investing Trading Lending Mining Gift card exchangeCrypto scams are a threat here,but there are ways to indicate them.

How do I sell my Bitcoin in Nigeria?

Sell BTC on NairaEx. 5. Bitcoin ATMs. Bitcoin ATMs are machines that accept Bitcoins to spew out cash. Though, not all ATMs in Nigeria allow Bitcoin transactions. These Bitcoin ATMs have a restricted limit on how much you can withdraw, but for a small amount this may be a good option making cash withdrawals.

How to start a Bitcoin business in Nigeria?

How to Start a Bitcoin and Cryptocurrency Exchange Business in Nigeria in 5 steps Have a crypto bank (Trading or buy from crypto sellers in Nigeria) Get crypto wallets (Trust Wallet, Binance wallet, Luno wallet).

Does Coinbase Work in Nigeria?

Nigeria is currently not support ed by Coinbase, meaning Nigerian users are unable to access the exchange. Coinbase only supports the african countries outlined below:

What is Bitpesa in Kenya?

BitPesa is a Bitcoin remittance company. They sell bitcoin in Kenya via the popular M-PESA mobile payment service. BitPesa also has a presence in 2 other African countries. In Nigeria, you can use BitPesa to buy bitcoins with your debit card or Paga account. In Uganda, you can buy with MTN or Airtel.

How does a Bitcoin transaction work?

Once a deal is opened, the seller will fund the escrow wallet with the Bitcoin to be bought. The buyer will transfer the money and once the seller confirms receipt they will release the BTC. Should there be any disagreement, the BTC will stay locked in escrow until a solution is found, which may require LocalBitcoins stepping in to act as mediators.

What is a luno?

Luno is a Bitcoin exchange with a presence in South Africa, Singapore, Nigeria, Malaysia and Indonesia. It offers 0% fees for market makers, meaning you can avoid fees if you place a buy order then wait for a seller to take it. Luno also offers an Instant Buy feature.

What is the largest Bitcoin exchange in Nigeria?

NairaEx is the largest Bitcoin exchange in Nigeria. Its customers can purchase bitcoins with Perfect Money, bank transfer or with cash via bank deposit.

How long does it take to start Zengo?

ZenGo is an easy-to-use iOS and Android Bitcoin & crypto wallet. Start within 20 seconds.

Where is Binance’s first masterclass?

Early in 2020, Binance hosted its first ever Crypto Masterclass in Benin, Nigeria. These events are run by local experts and aim to educate and raise awareness about Bitcoin and blockchain.

Step 1. Choose where to buy Bitcoin

A cryptocurrency exchange is a website that allows you to buy and sell cryptocurrencies. They operate similarly to stock trading platforms.

Step 2. Create an account on an exchange

Once you have selected an exchange from the table below, you can sign up for an account by selecting the Go to site button. This will take you to the account creation page, where you can fill in your details, starting with your name and email address.

Step 3. Fund your account

To buy Bitcoin, you will first need to deposit money into your exchange account or link a credit or debit card.

Step 4. Buy Bitcoin

First things first – you don’t have to buy a whole Bitcoin. Most exchanges will let you buy as little as $10 worth, maybe even less. Simply type in how much you want to spend in NGN, and let the exchange calculate the rest.

Step 5. Withdraw to wallet

Once you have purchased your Bitcoin, you should consider moving it off the exchange to your own Bitcoin wallet.

The risks of buying Bitcoin

Price volatility: Bitcoin’s price is largely based on speculation, which means it can rise or fall in a short time. It is not uncommon for Bitcoin to lose more than 10% of its value in a single day. A common piece of advice in Bitcoin circles is "only invest as much as you can afford to lose."

Here are the top exchanges to purchase bitcoin safely in Nigeria, handpicked and updated by our team

This site is free to use.
We may earn a commission if you purchase bitcoin from some of the exchanges listed. Read our full disclaimer.

Bonus Step!

Now that you finally have your precious bitcoin, it’s not a great idea to leave it on an exchange. To avoid losing your wealth in exchange hacks, move the crypto funds to your personal wallet.

4 Extremely important things to look for when choosing your exchange

There are incredibly large amounts of scammers and hackers in the crypto space, due to the decentralized nature of cryptocurrencies. It has been extremely important since day 1 to do your research before buying Bitcoin and the need for analysis is becoming more crucial every single day.

Why is Bitcoin so popular in Nigeria?

Despite the 2018 bear market, Bitcoin remains popular in Nigeria, possibly because it’s a way for Nigerians to avoid Naira depreciation and to remit value.

How to buy Bitcoin in Nigeria?

While Bitcoin is not accepted as an official currency in Nigeria, you can own and trade it on exchanges. To quickly get Bitcoin in Nigeria, follow the steps below: 1 Download a software wallet 2 Go to Luno and create an account 3 Choose how many Bitcoin you wish to buy 4 Enter your billing information and Bitcoin address

What is Bitcoin Afrika?

Bitcoin Afrika is a relatively young Nigerian Bitcoin exchange. Founded in 2017, it has an automated escrow service and allows users to buy Bitcoin and altcoins with Visa and Mastercard. Fees are charged when Bitcoin is successfully bought or sold at a rate of 0.5%.

What is the best Bitcoin broker in Nigeria?

In particular, NairaEX is the biggest Nigerian Bitcoin broker and is your best bet when it comes to Bitcoin exchanges in Nigeria.

What is a CEX.IO?

CEX.IO is a London based exchange that allows you to purchase Bitcoins with a credit card, debit card or wire transfer. Other advantages of CEX.IO include the ease of use and quick customer support. However, fees charged for credit and debit card purchases are quite high.

Why are Nigerians using Bitcoin?

This indicates that while the speculative mania which burst in early 2018 has ended, many Nigerians are still using Bitcoin, probably as a store of value due to the unstable economy or for making international payments.

When did Nigeria adopt Bitcoin?

Adoption of Bitcoin in Nigeria has skyrocketed starting in late 2016, as shown by LocalBitcoins trading volume: