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29/05/ · 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. Purchase method for Kenya is coming soon. 04/06/ · Luno is among the websites where you can buy bitcoin online in Nigeria at very low charges. It boasts of bases in more than three continents. It offers 0% rates for those who buy bitcoin, “the market maker” and a fee of 0% to 1% for ‘the market taker.’. 12/01/ · You can buy Bitcoin in Nigeria with debit cards and credit cards, with bank transfer, and even with cash, if you do not have access to those services. It all depends on the Bitcoin wallet or marketplace you choose to use. A Bitcoin wallet is a storage for your cryptocurrency. It is like a physical wallet: you keep your cash in pr-indianer.deted Reading Time: 4 mins. 04/12/ · On binance, you can buy bitcoin with your naira debit card. Before you can buy bitcoin on Binance, you will need to register an account and validate it. Binance also has a secure wallet for you to store your bitcoin safely on the pr-indianer.deted Reading Time: 6 mins.
Many people believe that recent financial innovations has the capabilities to enhance the world financial system in the nearest future. Everyone who is into Bitcoin business knows how important it is to use secure crypto wallet to avoid investment scam and theft. If I must say, there are great number of cryptocurrency wallets in the market due to obvious competition, so you need be very careful while selecting wallets. Before we start, there are list of things you will need before learning how and where to sell Bitcoin for cash in Nigeria.
There are many Bitcoin exchanges and brokers you can sell your Bitcoin in Nigeria, but for the sake of this guide, I will guide you with Luno exchange platform. If you make use of the link I just gave you for registration on Luno exchange, both of us will get N worth added to our accounts on the platform. While creating the account, you will need to pass KYC Know Your Customer requirement by uploading your BVN Bank Verification Number , Government Issued Documents etc.
As soon as that is done, your account will be verified and your transaction limits will be increased as well. So now, am going to show you the rest of the guide on how to sell your Bitcoin for cash with a video below…. If you follow all these steps perfectly, you will definitely get an alert in your bank app, or from your bank account through SMS. I have compiled a list of the best Bitcoin brokers and exchanges available in Nigeria, both locally-operated exchanges to worldwide market leaders with especially good offerings for Nigerians.
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Bitcoin is big in Nigeria. Paxful, a major bitcoin marketplace, says that Nigeria has the second largest volume of Bitcoin trading worldwide behind the United States. Industry analysts say that Nigeria is in the top 10 list of Bitcoin users globally . That means Nigerians are buying and selling Bitcoin. If you would like to buy Bitcoin in Nigeria, here are some tips, including Bitcoin marketplaces and wallets, to help you get started.
This article is based on the premise that you undertand what Bitcoin is and need pointers to get started. As with all electronic currencies, there are no Nigerian laws barring you from buying, selling, or trading in Bitcoin in the country. You can buy Bitcoin in Nigeria with debit cards and credit cards, with bank transfer, and even with cash, if you do not have access to those services.
It all depends on the Bitcoin wallet or marketplace you choose to use. A Bitcoin wallet is a storage for your cryptocurrency. It is like a physical wallet: you keep your cash in it. If you are interested in buying and selling Bitcoin in Nigeria, you may consider the following mobile wallets:. Download Bitcoin.
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Are you looking for where to buy bitcoin in Nigeria? If yes, read here to discover. In this post, you will see the 10 best sites to buy Bitcoin in Nigeria. Since the introduction of Bitcoin, its popularity has skyrocketed as companies, entrepreneurs and individuals globally have taken it has a new means of payment. Even though Bitcoin is not accepted as a legal tender in Nigeria, the country has been ranked second globally in Bitcoin trading.
A Bitcoin is a digital currency and a global means of payment which allows people to send or receive money across the Internet. It is like a digital gold as it is used as an alternative store of wealth, for portfolio diversification and long term investment. It is a decentralized network of independent computers that generate, propagate and verify monetary transactions. The amazing fact about Bitcoin is that it is not regulated by the government or any financial institution and as such transactions can be conducted freely and easily without the need for a trusted 3rd party like the banks.
Bitcoin was invented by Satoshi Nakamoto as a way to tackle the financial crisis of and since then it has become a lucrative venture as people earn handsomely from trading with it.
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This article is a Brand Press post. To promote your brand via Brand Press, please email business techpoint. The Nigerian market is riddled with many limitations that make it difficult for Nigerians to buy bitcoin. From issues of bank restrictions to government outright ban on crypto accounts, scams, Ponzi schemes, and many more, Nigerians are finding it difficult to have free and easy access to bitcoin and other cryptocurrencies.
Although cryptocurrency is growing at an unprecedented rate, it appears that these Nigerian financial institutions are still oblivious of its potential impact. Instead of putting legislation and regulations in place to make buying, selling, and ownership of bitcoin easy for the Nigerian populace, the CBN has proceeded to enforce a crypto ban law in the country.
Read about how to make money with crypto arbitration. In Nigeria, digital assets are not legal tender neither are they grouped as shares or Securities and presently, there are no rules or laws on how to buy BTC and trade digital assets. Rather, it sees Bitcoin and other cryptocurrencies with skepticism. In the CBN released a guidebook cautioning that fraudsters could capitalize on the anonymity of trading digital assets provided to cause financial terror.
This restriction, however, did not stop Nigeria from becoming the biggest crypto market in Africa. Recently, the CBN reiterated the law and has begun to enforce it. This reinforcement was probably sparked by the END SARS protest where protesters contributed money in Bitcoin to fuel the protests after bank accounts of protesters were frozen. This reinforced ban caused a Nationwide frustration most especially among the Nigerian youth as many have seen Bitcoin and Altcoins as a form of Holy Grail, a way to better their lives by investing in it.
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Home » Top post » 10 Best Exchanges to Buy Bitcoin in Nigeria This top 10 was selected after a careful review of over 80 bitcoin exchanges in Nigeria. From my over 4 years of experience in cryptocurrency trading, these are the most efficient, reliable, reputable, and safest exchanges used by most Nigerians. Following the CBN crypto ban in Nigeria , most of these exchanges have paused deposits and withdrawals in Naira. The use of debit and credit cards is also not allowed for users in Nigeria.
To still trade cryptos, kindly check out this post to see how to do that. Luno 4. Visit Exchange. Read Review. It was launched as Bitx in and later rebranded to Luno. Its biggest market is South Africa and Nigeria. Following the CBN ban, users in Nigeria can no longer deposit and withdraw NGN but can still make crypto transfers, deposits, and withdrawals.
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Almost everyone have somehow heard of Bitcoin. For some others, their question is if it is legal and how can they start, while for some others the question is what can they do with Bitcoin. In this article we will look at how to invest and make money from Bitcoin in Nigeria. Bitcoin is simply digital money, meaning that unlike Naira or US Dollar that makes use of paper, Bitcoin is completely paperless.
It was created with the intention of making it easier to move money from country to country, some even call it borderless money. Bitcoin, unlike regular currency fiat , is not controlled by any single individual, organisation or government rather is controlled by Bitcoin users around the world. As to whether it is legal, in some countries it has been tagged as illegal although it is difficult to restrict people from using bitcoin.
Regarding what can you do with Bitcoin in Nigeria, a couple use cases are: using it as an investment vehicle to diversify your assets; trading by making gains off the price fluctuation just like forex trading. Bitcoin can also be used to transfer money across borders faster and cheaper. A couple years ago the reverse was the case but with platforms like Binance , investing in Bitcoin from Nigeria is seamless.
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In this post, I described the top 10 exchanges where you can buy and sell Bitcoin and other cryptocurrencies in Nigeria right now. Since the ban, crypto trading has been a bit different for Nigerians with P2P platforms being the most reliable option. These exchanges make it easy for you to trade Bitcoin and other cryptocurrencies even with the ban. Here, you can trade lots of cryptocurrencies like BTC, ETH, BNB , ADA , DAI, DOT, UNI, AAVE, USDT, and over others.
Another impressive feature of this exchange is that it supports over payment methods like Bank transfer, WeChat, Alipay, SEPA, Perfect Money, Western Union, etc. Impressively, Binance launched its Smart Chain that enables the creation of smart contracts. Binance Smart Chain BSC has enjoyed massive adoption because of its high transaction speed and low fees.
For Nigerians, the Binance P2P platform is the hottest spot right now as they can fund their NGN wallets from there. It is also a secure platform with hundreds of dollars worth of insurance designated for each of its major services. To join the over 15 million users to enjoy the services of Binance, you must create an account and complete an Identity Verification process. No worries. Just click here to register.
And if you need a step-by-step guide on how to use Binance P2P, read this post.
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NairaEx is a leading Nigerian Bitcoin exchange where you can buy and sell Bitcoin, Litecoin, Bitcoin Cash, Ethereum and Perfect Money with Naira at best rate. NairaEx | Best Bitcoin Exchange in Nigeria. 09/01/ · There are several Bitcoin exchanges based in Nigeria, making it easy to buy and sell BTC. However, only a few of these exchanges are reputable. In particular, NairaEX is the biggest Nigerian Bitcoin broker and is your best bet when it comes to Bitcoin exchanges in Nigeria. NairaEX. NairaEX, launched in , is the largest Bitcoin exchange in pr-indianer.deted Reading Time: 6 mins.
Nigeria ranks among the top five users of bitcoins in the world. The main reason for the growth in popularity of bitcoin in Nigeria is due to the unpredictability of conventional cash. Still, as it stands today, there are ways to go beyond Bitcoin and make money with blockchain technology. The Blockchain technology is one great invention which is now the backbone of a new type of internet. Originally devised for the digital currency, Bitcoin, Buy Bitcoin online the tech community is now finding other potential uses for the technology.
Let us look at the seven best websites you can sell and buy bitcoin online in Nigeria while ensuring your funds are safe. Luno is among the websites where you can buy bitcoin online in Nigeria at very low charges. It boasts of bases in more than three continents. It is popular among business people and entrepreneurs for favorable bitcoin exchange rates and cheap bitcoin. Luno has a strong foothold in Nigeria and South Africa.
Luno is very flexible and can be used either on a mobile device or its website to buy bitcoin online. It facilitates fast transactions with its Instant Buy feature.