I want to buy bitcoin in nigeria

Before jumping into this page, an important disclosure. LocalBitcoins Popular. Disclaimer Though Blockvila synchronizes with online cryptocurrencies exchanges every minute, we cannot guarantee absolute accuracy of the displayed exchange rates. Exchanges happen almost instantly because Changelly never actually controls your tokens but just exchanges them. Buy Bitcoin Worldwide is for educational purposes only. Luno helps you buy Bitcoin and Ethereum in three easy steps 1. Bitcoin has gained immense popularity ever since it was founded by Satoshi Nakamoto almost a decade ago in response to the financial crisis of

Why is Bitcoin so popular in Nigeria?

I have been buying and selling bitcoin in Nigeria since mid In this post, I screened out the fraudulent and inefficient ones and listed only the best of the best. My list is based on the exchange type, its efficiency, reputation, speed, customer support, public opinion and my personal experiences with. So in this post, I will not only show you the best BTC exchanges in Nigeria but also educate you on the Bitcoin exchange types, their advantages and disadvantages. I am already excited, so if you are ready, let dive right in. But hold on, If you are like me, I sometimes do not like to read but watch the video.

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 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.

The State of Bitcoin in Nigeria

Feeling overwhelmed by all your different Bitcoin exchange options? Buuy on your needs, the best Nigerian Bitcoin exchange for one person may not be the best butcoin.

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 waht 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 buu a i want to buy bitcoin in nigeria 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 Nugeria, 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 ot 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 bltcoin 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 wealth. 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 un 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 ii. As well as other African countries like South I want to buy bitcoin in nigeria, 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.

The State of Bitcoin in Nigeria

Sign up for your free Luno Wallet on web, iOS or Android and follow our easy process to set up your profile. Why are people from all over the world choosing Luno? This quality of Bitcoin has made the digital currency a big hit in the African nation of Nigeria. Feel Free to Make a Call. We may receive advertising compensation when you click certain products. However, high shipping fees led him to create a Nigeria-specific solution where customers can purchase items using Bitcoin without having to pay additional charges involved while bringing goods from outside the country. In simple words, Nigeria declared that certain assets were unworthy of spending money on. Deposit money Choose your preferred payment method like bank transfer or credit card deposit to top up your Luno Bitcoih.