Feb 11, · In today’s post, I will show you 7 of the best bitcoin wallets you must have if you are in Nigeria. Bitcoin/Cryptocurrency adoption in Nigeria has continued to surge making Nigeria one of the big players in the crypto-verse. I was delighted to know that I can pay my hotel bills in Abuja, Lagos, and Port Harcourt with bitcoins as well as shop. The agency was founded in and in became an essential arm of the Central Bank of Nigeria. Trading in Nigeria. When looking for an online broker to trade forex or CFDs with, make sure to choose a well-regulated broker that has a strong reputation with clients, since they should be suitable for entrusting a margin deposit with them. Aug 01, · CoinCola is one of the best platforms to trade Bitcoin in Nigeria because CoinCola charges transaction fees as low as % and has multiple layers of security including top-notch encryption, cold storage, and SSL to ensure that customers can trade with % confidence. The Buy Bitcoin in Nigeria Page on CoinCola.
Best site to trade bitcoin in nigeriaBest Websites To Buy Bitcoin With Naira In Nigeria In
Unlike LocalBitcoins that is regarded as a marketplace for Bitcoin traders, NairaEx has its own stock one of the largest asset liquidity in the country and is therefore not an intermediary. On NairaEx, customers send and receive funding directly from the company, avoiding any risk of being scammed or defraud. Before you can buy or sell your Bitcoins on NairaEx, you will need to get your own Bitcoin wallet.
Luno facilitates Bitcoin storage and transactions such as buying, selling and paying through their Bitcoin wallet services.
They also operate exchanges between fiat money and bitcoin. Since November , Luno has also supported Ethereum which is the second most widely used cryptocurrency after Bitcoin.
Bitkoin Africa is Person-to-Person P2P cryptocurrency trading platform where users can sell and buy cryptocurrency from other users. The goal of Bitkoin Africa is to provide a platform that serves users needs — whether it is buying, selling, storing or transferring Bitcoin — as conveniently and quickly as possible.
Quidax boasts of been the simplest and most secure way to buy and sell Bitcoin, Ethereum, Ripple, and other altcoins in Nigeria. Please note that before you buy Bitcoin, you need to get a Bitcoin wallet by going to a site like Blockchain. If you know any popular Bitcoin exchange that accepts Naira payment that we might have missed, kindly let us know in the comment box below. Search for: Search. You May Also Like. Notably, Luno allows you to purchase crypto using a credit card.
You can deposit and withdraw directly to a bank account. Luno also offers Paystack and PayU deposits for Nigerian customers. These fees are very competitive compared to other exchanges. This puts it in rd place out of in Nomics' review of exchanges by liquidity and transparency.
Luno boasts a clean trading interface in the same style as most, meaning you shouldn't have much trouble switching over from a different exchange. You can trade on the Luno app, which is available for iOS and Android.
More advanced features include API integration for automated trading, liquidity depth indicators, and the ability to export your trade history in a. Local Bitcoins is a great option for buying and selling Bitcoin in Nigeria using a variety of payment methods. Once a deal is opened, the seller will fund the escrow wallet with the Bitcoin to be bought.
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. Recently, Binance has been greatly expanding its support for Nigerian users. 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. Buy Bitcoin Worldwide is for educational purposes only. Every visitor to Buy Bitcoin Worldwide should consult a professional financial advisor before engaging in such practices. Buy Bitcoin Worldwide, nor any of its owners, employees or agents, are licensed broker-dealers, investment advisors, or hold any relevant distinction or title with respect to investing.
Buy Bitcoin Worldwide does not promote, facilitate or engage in futures, options contracts or any other form of derivatives trading. Buy Bitcoin Worldwide does not offer legal advice. Any such advice should be sought independently of visiting Buy Bitcoin Worldwide. Only a legal professional can offer legal advice and Buy Bitcoin Worldwide offers no such advice with respect to the contents of its website.
Buy Bitcoin Worldwide receives compensation with respect to its referrals for out-bound crypto exchanges and crypto wallet websites. Luno Popular. Ease of Use. Kraken Buy Bitcoin Read Review Founded mid, Kraken is the one of the world's largest cryptocurrency exchanges, and the largest in Europe based on daily average trading volume.
LocalBitcoins Popular. Chapter 3 Best Bitcoin Wallets for Nigeria.