Obtaining Bitcoin or purchasing it used to be a challenging task. There were just a few methods to get there, and using debit or credit cards was practically impossible. That has altered as a result of the massive increase in popularity.
One thing we’ve found about virtually all of the top Bitcoin exchange websites in Nigeria is that their cost varies in real time. As a result, I would advise you not to put all of your eggs in one basket. Instead, buy Bitcoin from a variety of sources.
In this article, we’ll show you 5 trusted websites in Nigeria where you may purchase bitcoins using Naira. These websites were chosen for their popularity and simplicity of use.
LocalBitcoins, situated in Helsinki, Finland, is a peer-to-peer Bitcoin trading firm. LocalBitcoins is a cryptocurrency exchange where users may buy and sell Bitcoins with one another. Users, referred to as traders, create adverts that include the price and payment method they wish to provide.
Hundreds of Nigerians are buying and trading Bitcoin on the network. You may search their website for trade ads in your area and choose a trader that accepts your preferred payment method. The majority of Nigerian merchants on the site want to pay by bank transfer to a Nigerian bank account given by the seller.
The platform employs an escrow payment system to ensure that neither the customer nor the vendor is defrauded throughout the transaction. It is strongly encouraged for newcomers wishing to trade on the site to check for reviews of the individual they are working with before interacting with them.
NairaEx is Nigeria’s largest local Bitcoin exchange platform. Nigerians may buy and sell Bitcoin with Naira using NairaEx’s safe and dependable Bitcoin exchange services.
Unlike LocalBitcoins, which is recognized as a Bitcoin trading marketplace, NairaEx has its own stock (one of the country’s greatest asset liquidity) and is thus not a middleman. Customers transfer and receive funds directly through NairaEx, eliminating the chance of being cheated or defrauded.
You’ll need to obtain your own Bitcoin wallet before you can buy or sell Bitcoins on NairaEx. A Bitcoin wallet is similar to a bank account in that it allows you to create a Bitcoin address, which acts as a “bank account number” that can be shared with other users to receive and transfer Bitcoin.
Luno.com (previously BitX) is a Bitcoin corporation with offices in Nigeria, Indonesia, Malaysia, South Africa, Singapore, the United Kingdom, and 35 other European nations.
Luno’s Bitcoin wallet services allow Bitcoin storage and transactions such as buying, selling, and paying. They also run exchanges for fiat currency and bitcoin. Luno has also supported Ethereum, the second most popular cryptocurrency after Bitcoin, since November 2017.
Nigerians with a Luno account may purchase and sell Bitcoin in Naira, since the site accepts Card Deposits, Bank Deposits, Paystack, and GT Bank Transfer as payment options.
Bitkoin Africa is a P2P cryptocurrency trading platform that allows users to sell and purchase cryptocurrencies from one another. Bitkoin Africa, based in Lagos, Nigeria, caters to Nigerians that are interested in cryptocurrency trading.
Bitkoin Africa’s mission is to create a platform that meets customers’ demands as simply and swiftly as possible, whether they’re buying, selling, storing, or transferring Bitcoin.