How to buy cheap bitcoin in nigeria

Ease of Use. Any such advice should be sought independently of visiting Buy Bitcoin Worldwide. Visit LocalBitcoins. This is a very easy method to purchase Bitcoins because ATMs do not ask for sensitive information or private data. Luno is one of the most popular crypto exchanges in the world and serves customers in Nigeria.

Why is Bitcoin so popular in Nigeria?

Considering the volatile nature of Bitcoin and other altcoinsit becomes the very best option to consider for investment as you can buy at the bearish era and sell when it is bullish. Bitcoin can be gotten from either Bitcoin mining which is not very profitable anymore or from an easier way…. Buying them from exchanges. So today in this post, I will be walking through where and how to buy Bitcoin at a cheap price in Nigeria. To smoothly take you through the discussion of today, I have listed out subheadings under which we will thoroughly dissect the topic. An Exchange as the name implies is a company that uow its users to exchange cryptocurrencies for fiat currency and other currencies.

Blockvila is a leading and most trusted e-currency service provider 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.

Instant Funding

Considering the volatile nature of Bitcoin and other altcoinsit vuy the very best option to consider for investment as you can buy hitcoin the bearish era and sell when it is bullish. Bitcoin can gow gotten from either Bitcoin mining which is not very profitable anymore or from an easier way….

Buying them from exchanges. So today in this post, I kn be walking through where and how to buy Bitcoin at a cheap price in Nigeria. To smoothly take you through the discussion of today, I have listed out subheadings under which we will thoroughly dissect the topic. An Exchange as the name implies is a company that allows its bitcoim to exchange cryptocurrencies for fiat currency and other currencies.

Following fheap evolution of Bitcoin in and the latter introduction of other altcoins, many companies were created specifically for the exchange of cryptocurrencies. At the moment, it is difficult to determine exactly the exact number of exchanges since there is no central body where the companies are registered and regulations differ from country to country.

But as at the moment of writing this post, we have exchanges tracked on coinmarketcap with cryptocurrencies how to buy cheap bitcoin in nigeria inn, markets. How Broker exchanges work is that users send money and the exchange sends Bitcoin to them and when the users send Bitcoin, the exchange sends money to their bank accounts. Examples are BlockvilaNairaExbltcoin Alphabits. Exchanges like this connect bitcoih and sellers on their platforms and chaperons the trade using an Escrow.

Nigeriw here are QuidaxLunoand CoinCola. Having discussed the 10 best exchanges to buy Bitcoin in Nigeria and the 10 best exchanges to buy and sell cryptocurrencies in Nigeria in previous posts, how to buy Bitcoin at a cheap price becomes another topic to discuss.

For this, I have picked out 3 exchanges, carefully selected from the different categories of exchanges Peer-to-Peer, Broker, and Trading Platforms.

Remitano Peer-to-Peer 4. Read Review. Visit Exchange. Though younger, Remitano supports more cryptos than LocalBitcoins and Paxful and has its presence more in Nigerria than Coindirect. Update: In order to further protect sellers from fraud attempts, Remitano will start applying a withdrawal limit on all accounts, and increase the limit on a daily basis for each account based on verification level from 18th October So, take note of this when you schedule to buy a large amount of coin on Remitano.

Visit Remitano Read Review. Formerly known as NgExchanger, the company recently rebranded to Blockvila in August It supports all cryptocurrencies and on if your choice coin is not listed, its customer care is there to provide it for you.

Because of this, it has become the broker exchange of choice for it supports more coins than NairaEx which supports 6 and Alphabits which supports only Bitcoin.

Visit Blockvila. Quidax is a trading platform that supports users from every country. It currently has customers from 6 continents and 70 countries. Despite the fact that Luno was launched much earlier and has more market volume, Quidax is one exchange that can give Luno a run for its money in the crypto trading space in Nigeria. And though CoinCola supports more coins 8Quidax still towers above it as its presence is more in Nigeria. Visit Quidax. Having discussed the 3 types of exchanges available and picked out the high flyers from each category, you will still want to know which is the best, right?

And considering the many scam sites online marauding as legit, I will always add that as you toe the line of investment, caution is a necessary virtue. This site uses Akismet to reduce spam. Learn how your comment data is processed. Friend’s Email Address. Your Name. Your Bitciin Address. Tweet Pin LinkedIn Email. About Latest Posts. Follow me. Chiamaka Atueyi. Content tk at Nigeria Bitcoin Community. Whether as a member of my high school Press club or part of the Scriptwriters in my community, I’ve been on a writing path from the start.

The reason? I like keeping people informed. Leave a Reply Cancel reply. Share this Article Like this article? Email it to a friend! We use cookies to ensure bitclin we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.

Ok How to buy cheap bitcoin in nigeria .

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How to make money from Bitcoin?

Exchanges and Types

We treat every of our customer in a unique and special way. Bitpesa is a Bitcoin remittance company that serves several countries in Africa, including Kenya, Nigeriaand Uganda. Luno appears as the most reliable platform to purchase the famous virtual currency in the country, being an internationally recognized platform. Moreover, the country has important blockchain enterprises that are moving important sums of money bittcoin day. Get Started. Visit LocalBitcoins. In terms of deposit methods, Luno offers bank transfers and credit card deposits. We may receive compensation when you use LocalBitcoins.