How do i buy bitcoin in nigeria

Additionally, the ATM may be located in central areas, leaving those in smaller cities without the chance of buying and purchasing virtual currencies. All these nations have a very big problem: inflation. They were now left with an option to access the black market at much higher rates to access foreign currencies. Don’t have a wallet? People all over the world use Bitcoin to send money to friends and family or buy things online.

The State of Bitcoin in Nigeria

If you are wondering about the different ways of how to buy Bitcoins, then this would serve as the perfect guide for you. You can buy Bitcoins through cash, credit card, debit card, wire transfer as well as through Paypal. Always do your own research regarding website security and downtime. Cryptsy Provide a safe environment for uow to trade crypto-currencies with other users in an efficient and biycoin to use manner. Twitter here: Cryptsy buy bitcoin. Coins-E Coins-E has solid security. With two factor authentication, we guarantee to protect your account.

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 another. 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. While bank transfers are free or near-free, credit card deposits will certainly incur a fee.

Why are people from all over the world choosing Luno?

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. 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 has 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 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 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 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 how do i buy bitcoin in nigeria. Virtual currencies protect individuals in the 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 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 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 a 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. Africa, 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. Table of Contents.

Exchanges supporting Nigeria:

Nigeria has some of the highest inflation in the world. Changelly works in nearly every country but you will need another cryptocurrency in order to purchase bitcoins. LocalBitcoins is an escrow service which also helps to match bitcoin buyers and sellers. Ease of Use. Disclaimer: Buy Bitcoin Worldwide is not offering, promoting, or encouraging the purchase, sale, or trade of any security or commodity. Please visit Luno niyeria its exact pricing terms. Localbitcoins allows for the in-person transaction of Bitcoin using an escrow service. Yow may receive advertising compensation when you click certain products. Great company. Buy Bitcoin Worldwide is for educational purposes .