How to buy and sell bitcoin in nigeria

Visit LocalBitcoins. There are many ways to purchase Bitcoin in Nigeria. Additionally, banks imposed a limit on the foreign spends Nigerian customers were able to make. Virtual currencies protect individuals in the long term against the consequences of populist governments and uncertainty. In Nigeria, you can use BitPesa to buy bitcoins with your debit card or Paga account. Visit NairaEx.

Why is Bitcoin so popular in Nigeria?

Feeling overwhelmed by all your different Bitcoin exchange options? Depending on your needs, the best Nigerian Bitcoin exchange for one person may not be the best for. Before buying Bitcoin it is important to have a Bitcoin wallet. Luno is one of the most popular crypto exchanges in the world and serves customers in Nigeria. In terms of deposit methods, Luno offers bank transfers and credit card deposits.

The State of Bitcoin in Nigeria

Are you looking to purchase bitcoins or you have bitcoins you are willing to sell? Well, you are in luck because of all the bitcoin exchanges that are out there now , we can only but recommend the best. Not only that, it has integrated one of the most sophisticated blockchain API into its system such that each and every user has a unique bitcoin wallet! I am sure you understand what that means. Okay, incase you do not understand, every user can store bitcoins on the website in his own personal wallet. Bitdelia in fact adopted the multisig wallet system which allows for maximum security of your coins!.

Instant Funding

Feeling overwhelmed by all your different Bitcoin exchange options? Depending on your needs, the best Nigerian Bitcoin exchange for one person may not be the best for. Before buying Bitcoin it is important to have a Bitcoin wallet. Luno is one of the most popular crypto exchanges in the world and serves customers in Nigeria.

In terms of deposit methods, Luno ro bank transfers and credit card deposits. While bank transfers are hod or near-free, credit card deposits will certainly incur a fee. Luno has a very positive reputation because of its low fees, being easy to use, and high limits. Visit Luno. Another platform that is very famous in Nigeria to buy and sell Bitcoin is LocalBitcoins. This service is known all over the world and it helps connect Bitcoin buyers and sellers. One of the most common services offered slel the trading of Bitcoin via cash.

Guy allows for the in-person transaction of Bitcoin using an escrow service. This makes it one of the most private and quick ways to buy or sell Bitcoin around the world. Visit LocalBitcoins. NairaEx has been around for a very long time, bitcoij to become a trusted company for the buying and selling of Bitcoin and other virtual currencies.

This can be positive for the cryptocurrency world in general, but it means that it will be necessary to provide private information to a centralized party. Visit NairaEx. Bitpesa is another good option. Bitpesa is a Bitcoin remittance company that serves several countries in Africa, including Kenya, Nigeriaand Uganda.

This exchange works in a very similar way to NairaEx in the sense that it requests a lot of information to the user in order to be compliant with KYC and AML policies in the region. This could be a little bit uncomfortable for some individuals that are trying to preserve their identities and information. Visit Bitpesa. This is a very easy method to purchase Bitcoins because ATMs do not ask for sensitive information or private data.

Instead, you need to pay higher fees than doing it via a crypto exchange. But, to hkw a Bitcoin ATM that works at all times and has low fees is quite a problem.

Additionally, the ATM may be located in central areas, leaving those in fo cities without the chance of buying and purchasing virtual currencies. Changelly is another popular option allowing for the conversion of fiat currencies to cryptocurrencies.

They cut out a step of the exchanging process hod not ever holding the users funds. Instead, the currencies are swapped in one transaction. The site charges a. Visit Changelly. There are countries around the world that have different economic problems and issues. Nigeria has some of the highest inflation in the world.

This number has only continued to rise, causing many locals to store their value in Bitcoin and gold. In general, countries with high inflation make it very difficult to save money. Bitcoin has been created as a deflationary currency to protect investors against the unilateral decision of a government or central bank to print more money.

Monetary policies such as this are very harmful to individuals and make it very difficult to acquire wealth. Virtual currencies protect individuals in the long term bitoin the consequences of populist governments and uncertainty. Cryptocurrencies such as Bitcoin work in a different way. Nobody ever will be able to change the number of Nigetia that will be created in the future.

Countries such as Venezuela, Argentina or Zimbabwe are embracing virtual currencies in many different eell. All these nations have a very big problem: inflation.

Nigeria nigerix one of the most important countries in Africa and regional power. It has a young and growing population and sekl technological sector that is moving forward with the technological revolution that the world is experiencing.

As well as other African countries like South Africa, Nigeria has different companies in the blockchain and cryptocurrency sector. Additionally, according to Google Trends, the interest for Bitcoin in Nigeria is one of the highest in the world, being the 15 th country ranked according to its interest in the coin.

Nigeria scored 36 points, compared to South Africa that registered 70 points. But it still one of the most important countries in the world in terms of. Moreover, the country has important blockchain enterprises that are moving important sums of money each day. It is about the consumers and not about the players.

Regulations may be very ineffective in the bky, if there is an exchange that cannot work or is banned, it can move to another nigreia and keep operating. There are many ways to purchase Bitcoin in Nigeria.

Luno appears as the most reliable platform to purchase the famous virtual currency in the country, being an internationally recognized platform. LocalBitcoins is also a good alternative to buy and sell Bitcoin if the user is interested in privacy, the same as Bitcoin ATMs. How to buy and sell bitcoin in nigeria, Nigeria is building an interesting hub for virtual currencies, blockchain technology, sdll artificial intelligence.

There are different companies located in the country with national, regional and international projections. Africa, in general, wants to be part of the yow th technological revolution that is now taking place around the world. At the moment, Nigerians are embracing virtual currencies and this will nugeria seen in the near future. Table of Contents.

How to Buy and Sell Bitcoin in Nigeria — Luno Exchange

The State of Bitcoin in Nigeria

Buy Bitcoin Worldwide is for educational purposes. Get Started. Depending on your needs, the best Nigerian Bitcoin exchange for one person may not be the best for. Purchase method for Kenya is coming soon. Moreover, the country has important blockchain enterprises that are moving important sums of money each day. Buy Bitcoin Worldwide receives compensation with respect to its referrals for out-bound crypto exchanges and crypto wallet websites. Extra Security Turn on 2factor authentication to add an extra security layer to your login process.