According to a trending report that speaks much about the growth of cryptocurrency in Africa, a firm, Patricia has launched first Africa’s ATM in Nigeria.. This is a global initiative that simplifies how its users interact with Bitcoin (BTC), giving them access to carry out their financial transactions at the swipe of a card. To buy Bitcoin with a credit/debit card in Luno, it follows the same steps as shown in Quidax. The slight difference is that you will have to pay a 2% charge or more when buying and selling instantly and a % – 1% charge when using the exchange. For Nigeria, Luno uses PayU and . With a Bitcoin ATM in Nigeria, the crypto community can expect more developments and widespread adoption in the future. Recent weeks have seen about Bitcoins or $ million worth of peer-to-peer (P2P) trade between bitcoin and Nigeria’s currency on LocalBitcoins.
Bitcoin atm card in nigeriaPatricia Launches Africa’s First Bitcoin ATM Card in Nigeria - Herald Sheets
April 04, Cryptocoins , news. Despite the progress, however, cash remains the only option for many Nigerians to buy cryptocurrency. New services are aiming to satisfy that demand. The ATM, which the first in Nigeria, and also the fifteenth in the entire continent was installed at a Lounge in Lagos.
Chief Executive Daniel Adekunle revealed that Blockstale is gearing up to install more cryptocurrency ATMs across Nigeria and in neighboring countries.
The company has already delivered five more machines that will be deployed in Lagos by the end of the month and will then move on to Abuja towards the next quarter. These are two-way devices supporting both purchases and sales of BTC for the moment, but more currencies will be added later. Blockstale is also considering the introduction of a mobile top-up feature allowing users to reload their prepaid mobile phones using crypto.
It supports buying bitcoin with credit or debit card. It also offers unique features like copy trading. We may receive compensation when you use eToro. Please visit eToro for its exact pricing terms. CEX is only available in some US states; please see this page for details.
We may receive compensation when you use CEX. Please visit CEX. Coinbase lets you buy bitcoins instantly with a credit card or debit card. Here are step-by-step instructions to help make the buying process easier for you. First select "Get Started" on the top left of Coinbase. Once you create an account, confirm your personal details and login. You may be asked to upload a scan of ID. Navigate to the top right corner and click on your name. There should be a drop-down menu where you can click "Settings".
Then click "Payment Methods" on the menu at the top and you should see something that looks like this:. You should see a confirmation like the one below. Enter the amount you want to buy, and click "Buy Bitcoin Instantly".
Your coins will then be delivered to your Coinbase wallet! This section will show you how to buy using CoinMama. PS: you can also check out our CoinMama review! Once you create your account and verify your email address, you can begin following the steps below:. If you don't have a wallet yet, learn how to get a Bitcoin wallet now. This section will show you how to buy using BitPanda. PS: you can also check out our BitPanda review! Login to your account and click "Buy" in the top menu bar.
You will now see a page like below. Also, enter the amount of euro you want to spend or amount of BTC you want to buy:. Note that only 3d-Secure Mastercard and verified by Visa cards are allowed.
If you don't have one of these try CoinMama or Coinbase. Now you need to confirm that the amount you entered before is indeed the amount you want to buy. Also, you confirm that you agree to BitPanda's exchange rate. In the "the Current Price" field you can also see the exchange rate you are getting. If you verified successfully, you can now click "Click here to start the payment process".
Make sure you note the 10 minute time--you have this amount of time to complete your order. On this page you enter your credit card details through mPAY One you enter your card information press "Bezahlen":. That's it! Now in your BitPanda account you can check your "History" tab to view the trade details. These cover nearly every country in the world. Please note that fees are approximate and may vary based on your country or purchase size. I've been buying bitcoins for more than three years.
I've never lost any money to scams or thefts. Follow the guidelines in this article and you'll be able to do the same. Make sure you get yourself a Bitcoin wallet that will securely store your bitcoins. Following these two basic principles should help you avoid theft, scams, and any other loss of funds:. Buying Bitcoin is becoming easy. Additionally, there are endless points of sale and even ATM machines where you can buy Bitcoin.
On the other hand, as an individual buyer, all you need to have is money and access to any of the platform that offers Bitcoin for sale such as Crypto Exchanges, financial institutions, etc. Once you buy Bitcoin, you use the BTC for the following:. Bitcoin continues to be an ultimate investment choice due to the immense probabilities of gains. The options for buying the leading cryptocurrency are diverse:.
Although most Banks do not authorize the use of credit cards to buy Bitcoins, some credit card providers whose sole business is to offer credit are flexible and offer the service. If you are considering using your credit card to acquire Bitcoins, you can follow the steps below:. The credit card transactions, however, attract fees that average 3.
Moreover, the credit purchase can be considered as cash advances that may attract higher fees making the transaction expensive. However, the credit card can increase the credit line if the exchange is considered as a purchase to enable you to spend more on Bitcoin exchange. The protocol for debit card transactions in Bitcoin purchases is almost similar to credit card transactions.
The steps are the same, as you have to open an account in your preferred exchange and follow the process as outlined under credit card transactions.
The only difference is that you are to select the debit card option as opposed to credit card selection. Under this category, the fees are usually lower than on credit cards. The only major hurdle is that your bank may not be allowing Bitcoin transactions due to regulatory or precautionary measures that are being adopted in almost all countries in the world. There is a Bitcoin ATM that offers one-stop solutions to people with cash who want to buy Bitcoin or other cryptocurrencies.
However, a prerequisite for buying BTC is that you have to have a wallet from which you can directly deposit the BTC after the cash purchase. The machine is convenient, easy to use, and safe as the risk of being scammed is almost zero. The safety factor is underpinned d y the fact that the machines operate under KYC regulations as per the jurisdiction of operation. Online money is different from digital cash. The difference is that online money is fiat money denoted by online codes such as numbers, etc.
On the other hand, the digital cash represents tokens such as Bitcoin, Ethereum, etc. In this regard, the option for online money in Bitcoin transaction is possible through various platforms.
This means that the BTC can be bought in the Virtual world mainly for speculative purposes. Bitcoin is a major investment, both as an asset and a cryptocurrency. With such a potential, it is worthwhile to consider aspects of Bitcoin such as its history, payment options, biggest scams in history and the wallet.
If you're still a bit confused, that's okay. Buying bitcoins is hard and that's why I built this site. First of all, make sure the company you're buying for has a good reputation and is regulated. It's possible that sketchy companies selling bitcoins may be collecting card credit card fraud information and could possibly use your information to make fraud purchases with your card.
Some users have reported cash advanced fees, so be sure to understand how your CC company handles the purchase of bitcoins. Also one of the fastest! Since most people understand how to shop online using credit and debit cards, it may be easier for less technical buyers to use credit cards to purchase bitcoins. It's hard to buy large amounts of bitcoins with a CC or DC. Also, the fees are higher due to the risk of fraud and scams.
Do you want to buy larger amounts of bitcoins? Try buying with a bank account and you'll save on fees. This is not possible since you won't pass ID verification. It's also illegal, so you should not do it or try. Most exchanges will not allow you to use a pre-paid debit card. To buy bitcoin with a pre-paid debit card you will have to exchange it locally using LocalBitcoins. It depends how much you trust the exchanges. Just like any information you give up online, there is always the risk that it can be hacked or stolen from the website you give it to.
One thing that Bitcoin exchanges have going for them is that because they are constantly under attack, they have some of the best security and protections in place to protect against the hacking of your personal info.
There is always risk with anything related to information online. Even Yahoo was hacked and information on million accounts was stolen. The best way is to read through the description for each exchange. Make sure you find one that supports your country and has fees that you're okay with. You're also free to try multiple exchanges to see which you like using the best. For now, please try buying bitcoin with card or use our exchange finder to find an exchange.
Do you want to buy bitcoins more privately? Try buying bitcoins with cash instead. Each bitcoin is divisible to the 8th decimal place, meaning each bitcoin can be split into ,, pieces. Each unit of bitcoin, or 0. Most Bitcoin exchanges will let you specify the amount of fiat currency you want to spend and in exchange sell you the equivalent amount of Bitcoin.
Vice-versa, most Bitcoin brokers also let you specify the amount of bitcoin you want and will charge you the equivalent in fiat. For example, if you want to buy 0.
We really recommend storing any bitcoins you want to keep safe in a wallet you own. Many Bitcoin exchanges have been hacked and lost customer funds. If you don't want to fall victim to these hacks then the easiest way is to store your coins in a wallet you control. Out of the exchanges we listed, CEX. Probably not. Payment processors like Visa, Mastercard and American Express charge at least 2. So any exchange selling bitcoins for CC payments is always going to pass this fee off to you, plus charge a bit more to make a profit.
The fees could get lower if some exchange cuts a deal with a credit card processing company to get lower fees. Depends on the exchange. Coinbase, for example, allows you to buy litecoins and Ethereum with credit card. Coinmama, on the other hand, supports Bitcoin, litecoin, ether and cardano. If you want to buy lesser-known cryptos you can always buy bitcoins using the methods above and trade them for altcoins on another exchange like Binance , Changelly , Kraken or Poloniex.