Jul 07, · Luno platform is well designed, easy to navigate, and % newbie-friendly. So if you are in the search of a platform to sell or buy Bitcoin in Nigeria with a startup capital of N, you can opt for Luno. But then, the only downside about Luno is their Excess charges. This is . NairaEx is a leading Nigerian Bitcoin exchange where you can buy and sell Bitcoin, Litecoin, Bitcoin Cash, Ethereum and Perfect Money with Naira at best rate. Dec 11, · There are many platforms available for buying bitcoin with naira in Nigeria. But you have to be careful and conduct adequate research when buying on these platforms because some of them have a history of scams. So, you should choose a platform like Remitano for a seamless and secure way to buy bitcoin in Nigeria.
Bitcoin platforms in nigeria7 Bitcoin Companies in Nigeria — Ranks NG
To use Luno to buy bitcoin and dispose of them, you only need your master card or credit card and the Luno bitcoin exchange. Luno does not only deal with bitcoins alone, but it also deals with other e-currencies like Ethereum. Website: www. MyTopExchange is an e-currency exchange company operating out of Lagos, Nigeria. They have been in operation since Apart from bitcoin, they also exchange perfect money, Skrill, InstaForex and Payoneer.
Paybis is a UK based digital exchange platform that allows Nigerians to purchase and sell various cryptocurrencies offering a large choice of payment methods. Other than Bitcoin, you can purchase most popular cryptocurrencies like Litecoin, Ethereum, Bitcoin Cash, and many more. The main appeals of the platform are its reliability and responsiveness.
Ideal for beginners, Paybis offers a hassle-free user interface and every transaction can be completed in 10 minutes, including the KYC process.
A dedicated customer support team is online around the clock to answer any question that you might have regarding your transactions. Speaking of, your first transaction on Paybis will be cost-free, so that you can try the speed and responsiveness of their service. All in all, Paybis is a foolproof choice for any Nigerian looking for reliable and speedy crypto transactions. Despite being present in different towns around Nigeria, its problem is that it does not deal with other e-currencies etherum, bitcoin cash, litcoin, etc.
The transactions are swift. You only need about one hour to complete a transaction. So, when you want to buy bitcoin online in Nigeria, you do not have to worry when there are technical glitches.
Nigeria Gold Exchange comes strongly suggested because of the diverse services they offer. The services include:. If you are a resident of River State, you can visit their offices located in Port Harcourt to buy bitcoin. In case you cannot access a device to do a transaction on, you can sell bitcoin directly from their brick and mortar offices.
Naira2USD is a new player in this market of bitcoin trading. However, it has proving itself to be among the top e-currency exchange platforms.
In case you want to buy bitcoin online using this platform, you only have to access their exchange platform. You are then assigned a representative who you communicate with through WhatsApp to finalize your transaction. When you buy bitcoin, or you are just selling, the process is speedy. They also have an active team of customer care agents who are always on standby to assist you with your problems. The key features of Wink Payment are its ability to speed up transactions, and a transaction can be completed within a quarter an hour.
When setting up your bitcoin wallet, their verification process is hassle-free and straightforward. With a mobile device or from their website, you can be registered in minutes. To buy bitcoin online in Nigeria very fast without a lot of impediments, then this is the ideal platform for you. The main attraction of ExchangeIndeed is reliability.
When their customers want to buy bitcoin or sell bitcoin, they are always available to help. The company enjoys a presence in several and even the remotest towns in Nigeria. In Lagos alone, they have four offices. The safety of your investments at lower risk is equally important. Cryptocurrency Literacy: Before you start trading bitcoin or any other cryptocurrency, it is essential to know the basic details about the concerning cryptocurrency.
The bitcoin market is highly volatile and the price movements can take place at any time of the day throughout the week. A large number of factors can influence the value of a bitcoin in different currencies. Traders must learn basic details about cryptocurrency to make better trading decisions at right time. Suitability: The bitcoin market is turbulent to price movements and this makes it highly risky.
Traders must be ready to take high risk and should be able to bear heavy losses. Traders must check their expectations with realistic outputs of bitcoin trading before making actual trades. For beginners, it is advisable to trade from a demo account with virtual currency to gain decent experience and check suitability. A resourceful broker should have a well-informed customer service that is always ready to solve queries and assist the traders in every situation.
Bitcoin is a decentralized digital currency or virtual currency that only exists on the internet. It is actually a file on a computer that is stored in the digital wallet of the owner. The ownership of bitcoin can be transferred from one wallet to another and a record of each transaction is kept in a public list called a blockchain.
New Bitcoins are generated as a reward for record-keeping of a public ledger called the blockchain. The process of generating bitcoins is called mining. Apart from mining, bitcoins can also be obtained by exchanging products, services, and physical or fiat currency at prevailing rates. The fluctuating prices of bitcoin allow traders to speculate on the price of bitcoin by buying at low and selling at higher prices or vice versa. The Securities and Exchange Commission of Nigeria announced in September that it will be regulating the trades of cryptocurrencies in Nigeria.
The Nigerian SEC has come up with regulatory standards to promote ethical practices in cryptocurrency trades while enhancing the transparency and security of the traders.
Earlier, cryptocurrencies like bitcoin, Ripple, Litecoin, Ethereum, etc were not considered as money. The price movements of bitcoin and other cryptocurrencies can be speculated on, without actually owning them through CFDs. Any potential trader in Nigeria can trade bitcoins through CFDs directly by creating an account with the brokers that offer cryptocurrency CFDs in Nigeria.
Buying and selling of actual bitcoins involve complexity while there is always a risk of theft from the exchange or your wallet. This storage security risk gets eliminated while trading cryptocurrency CFDs. The contract for difference also allows traders to take the advantage of leverage, margin, and various other useful features that can enhance the trading experience and increase profit opportunities.
Bitcoins can be bought and sold from an exchange at current BTC prices. Or Bitcoins can be traded through a contract for difference.
By dealing with CFDs, the bitcoins are not actually bought, sold, or stored in your wallet. Instead, the price movement of bitcoins is speculated against numerous physical or fiat currencies. Various international brokers offer cryptocurrency trading in Nigeria through CFDs. There are several FSCA regulated brokers in Nigeria while some are also regulated by foreign top tier regulatory authorities.