How to buy bitcoin on blockchain in nigeria

Purchase method for Kenya is coming soon. Share via: 33 Shares. This exchange has been around for a while, making it one of the most popular local exchanges in Nigeria. Luno Popular. This could be a little bit uncomfortable for some individuals that are trying to preserve their identities and information. Additionally, banks imposed a limit on the foreign spends Nigerian customers were able to make. Buy Bitcoin Worldwide is for educational purposes only.

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. Bitcoim terms of deposit methods, Luno offers bank transfers and credit card deposits.

Why is Bitcoin so popular in Nigeria?

Demand for Bitcoin is increasing in Nigeria. In response, a homegrown Bitcoin exchange is making buying Bitcoin easier and more affordable. Called NairaEx and available at www. Signing up at NairaEx is easy. Opening an account can be completed in seconds by completing a short sign up form. Once accounts have been verified, users can then complete an order form and specify how much Bitcoin they would like to purchase. After confirming order amounts, Nigerian users are forwarded to the NairaEx payment gateway.

The State of Bitcoin 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.

Nigerka 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. While bank transfers are free 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 is the trading of Bitcoin via cash. Localbitcoins 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 buuy been around for a very long time, allowing 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 bictoin another good option. Bitpesa is a Bitcoin remittance company that serves several countries in Africa, including Kenya, Nigeriaand Uganda. Inn 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 how to buy bitcoin on blockchain in nigeria higher fees than doing it via how to buy bitcoin on blockchain in nigeria crypto exchange. But, to find 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 smaller 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 by 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 inn 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 nigsria long term against 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 Bitcoin that will be created in the future. Countries such as Venezuela, Argentina or Zimbabwe are embracing virtual currencies in many different ways.

All these nations have a very big problem: inflation. Nigeria is one of the most important countries in Africa and regional power. It has a young and growing population and a technological sector that is moving forward with the technological revolution blockchzin 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 country, if there is an exchange that cannot work or is banned, it can move to another country 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 bitcoinn good alternative to buy and sell Bitcoin if the user is interested in privacy, the same as Bitcoin ATMs.

Furthermore, Nigeria is building an interesting hub for virtual currencies, blockchain technology, and artificial intelligence. There are different companies located in the country with national, regional and international projections. Nigedia, in general, wants to be part of the 4 th technological revolution that is now taking place around the world. At the moment, Nigerians are embracing virtual currencies and this will be seen in the near future.

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How To Fund Your Blockchain Wallet With Bitcoin

BitPesa is a Bitcoin remittance company. After signing up, select a seller who offers the amount of bitcoin you are willing to buy and then, begin your purchase order. Ho, YellowCard allows you to buy bitcoin in Nigeria with bank transfer or credit cards. There are countries around the world that have different economic problems and issues. Buy Bitcoin Worldwide, nigerix any of its owners, employees or agents, are licensed broker-dealers, investment advisors, or hold any relevant distinction or title with respect to investing.