NairaEx is Nigeria's premier bitcoin exchange. The NairaEx exchange makes it easy to create buy and sell orders with Naira for BTC. NairaEx runs and maintains Nigeria's official bitcoin website. NairaEx accepts deposits in NGN. BUY BTC Many Nigerians use Bitcoin (BTC) to pay and invest instead of Naira due to its high volatility. If you are in Nigeria and thinking of holding some Bitcoin, here you can buy Bitcoin with debit card (bank transfer) and gift cards within 5 minutes. Buy bitcoin in Nigeria today! Buy Bitcoin in Nigeria with bank transfers Bank transfer has made any form of trading easy. Whether it is grocery shopping, buying gadgets, or trading bitcoin, you can complete a transaction in a few minutes via bank transfer. Peer-to-peer exchanges allow you to buy bitcoin .
Buying btc in nigeria18 Exchanges To Buy Bitcoin In Nigeria ()
Bank USSD codes and mobile applications make it easy to transfer money to bitcoin sellers. It is also a perfect option for converting your bitcoin to naira, you simply sell to the buyer and receive the equivalent in your bank account.
This process is also a common way to get bitcoin in Nigeria. Once you purchase a gift card, either Amazon or iTunes with cash and you activate the card, the next thing to do is to scratch the back and have the receipt available with you.
You can find the gift card option on platforms like Coincola. Simply choose the option of buying Bitcoin with gift cards, your browser will be directed to another page. The traders will give you the option of paying back with bitcoin. This process involves buying bitcoin from closed or open social media groups.
This process is risky because people easily get scammed on these platforms. There are hundreds of WhatsApp peerpeer groups where you can buy bitcoin with naira. Some of them are paid groups, but the majority of them are free. You can also convert your bitcoin to naira on these local p2p groups. Many exchanges now allow you to buy bitcoin in Nigeria with your debit card.
This instant option also makes it easy for Nigerians to buy bitcoin with naira. Cons Few payment methods Sophisticated UI. Pros Available worldwide High purchasing limits Dependable and trustworthy Excellent leadership and customer support Fast and secure transactions.
Cons High fees when purchasing with a credit card or debit card Delay in processing time. Cons Bank transfers can take 1 to 5 days to complete Above-average fees.
Pros A large number of cryptocurrency pairs Strong security Privacy. Pros Supports many currencies Large selection of cryptocurrencies High purchasing limits Ledger and Trezor wallet support. Pros Trustworthy management High volume exchange Low fees A large number of cryptocurrency pairs Global support.
Cons Buyers and sellers are at risk of being scammed. Pros Available in every country of the world A diverse selection of buyers and sellers Supports many payment methods Buyers get their bitcoins fast Private. Cons Lack of cryptocurrency diversity Both sellers and buyers have a chance of being scammed. Pros Multiple funding methods Ability to purchase bitcoin at market rate Wallet and exchange. Cons The initial lag time Not supported in all countries.
Pros Fast service Good rates Simple registration. Pros Respectable reputation Supported globally No registration required Privacy Perfect for advanced traders. Cons Few payment methods Not suitable for beginners. Pros Many cryptocurrencies and payment methods supported High liquidity Trustworthy management Good customer support. Pros Many payment methods Diverse cryptocurrencies supported.
Cons Slow customer support Mobile only. Pros Easily accessible Convenient Fun to use Physical kiosk with receipt and customer service. Cons Distance to travel Higher fees than most exchanges. Search the website Hit enter to search or ESC to close.
Read Review. Nicolas Katan. Changpeng Zhao , Yi He. Ray Youssef , Artur Schaback. The buyer will transfer the money and once the seller confirms receipt they will release the BTC. Should there be any disagreement, the BTC will stay locked in escrow until a solution is found, which may require LocalBitcoins stepping in to act as mediators.
These events are run by local experts and aim to educate and raise awareness about Bitcoin and blockchain. Complementing its education program, Binance has also made it easier than ever for Nigerians to buy, sell, and trade crypto on its platform. You can now deposit NGN directly into your Binance account using a credit or debit card, following a partnership with Flutterwave.
In Sub-Saharan Africa, about 95 million people remain unbanked while many regions in the area, including Nigeria, have embraced new technologies with an increasing amount of innovation.
Working with Flutterwave will help bridge the fiat-to-cryptocurrency gap and we hope to stimulate more financial inclusion as Africa demonstrates strong potential in leading crypto adoption. In addition to allowing users to buy Bitcoin with a debit or credit card, Binance also has a peer-to-peer P2P marketplace, similar to Paxful or LocalBitcoins. The price you see is the price you get. Binance has a useful support guide for P2P trading here.
Binance's strong advocacy programs and the fact that it makes an effort to cater to under-served users who can most benefit from Bitcoin means that the exchange stands out from the pack. The Ledger Nano X is the newest crypto hardware wallet, and is very easy to use.
Atomic wallet is a multicurrency mobile wallet with a beautiful interface and easy to use features. Electrum is a Bitcoin-only wallet that has been around since It's easy to use, but has advanced features.
We also have a chart displaying the price of Bitcoin in grams and ounces of gold. Alternatively, if you use a portfolio tracker such as Delta or Blockfolio, you can set the reference currency as the Nigerian Naira NGN and get an accurate price of Bitcoin and all 10, supported assets in your currency of choosing. Nigeria is currently not supported by Coinbase, meaning Nigerian users are unable to access the exchange.
However, anyone can use Coinbase Wallet which enables the sending and receiving of cryptocurrencies. You just won't be able to buy, sell, or convert from one crypto to another on Coinbase. Disclaimer: Buy Bitcoin Worldwide is not offering, promoting, or encouraging the purchase, sale, or trade of any security or commodity.
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