The question still remains, are you looking for how do i buy bitcoin in nigeria. if yes, then search no further as i am going to explain in details for you on this topic,i want to buy bitcoin in Nigeria.
well, if you have been searching for the topic: i want to buy bitcoin in Nigeria, then i am going to show you the best cryptocurrency exchange website you can use regardless of the location you are living and wish you can pay with any form of payment that is listed on the site which is acceptable.
How To Buy bitcoin in nigeria
Buying bitcoin and other cryptocurrencies in nigeria should not be difficult anymore as there are lots of websites online which you can always use to buy bitcoin in nigeria.
in this publication, i am going to share with you on Where to Buy bitcoin, how to buy bitcoin in nigeria with ease through the platform i personally make use of to buy bitcoin and other cryptocurrencies.
the most awesome things about this crypto exchange website is that you can even use it to sell bitcoin in nigeria.
yes you heard me right. you can use it to sell your bitcoin or any cryptocurrency you have in your wallet in your country or online.
so that is what i have been using to sell or buy bitcoin online without stress and i use any form of payment options on the sites to get paid.
Best bitcoin Exchange in nigeria
If you don’t have the patient to read through the whole article, here’s the shortcut for you to visit the trusted popular sites: for now the best way to buy bitcoin in nigeria is using P2P marketplaces or OTC (over-the-counter) cryptocurrency exchanges websites. the following sites below serves as the best bitcoin exchange in nigeria
What Is bitcoin
bitcoin is practically known as one of the World’s largest exchange cryptocurrency which internet users makes use of on daily basis. With bitcoin you can buy anything from any where around the world.
Do I need bitcoin? Yes! You do, especially if you are a commercial buyer/seller when you do corporate and exchanges with companies around the world.lots of individuals and companies now accept bitcoin as form of payment methods you can use to transact with them.
List Of All Payment Methods You Can Use To Buy bitcoin Online
How To Buy/Sell bitcoin Using The Following Payment Methods
- Cash deposit
- Credit card
- International Wire (SWIFT)
- Moneybookers / Skrill
- National bank transfer
- PERFECT MONEY
- RIA Money Transfer
- SOLID TRUST PAY
- Transfers with specific bank
- Western Union
with the above listed means of payment, you can use any of them to buy or sell bitcoin in nigeria through he site i will show you.
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also, for those of you who wishes to know how to buy bitcoin through atm machine, all you need to do is to find out if their is any bitcoin atm machine close by in nigeria.
this is because only few countries have cryptocurrencies atm machine. so other than that, please make use of the list of cryptocurrencies exchange site which i have listed on this blog to buy bitcoin in nigeria as there are lots of buyers and sellers of cryptocurrency ready to buy or sell their bitcoin while you pay them with any of the accepted payment methods listed on the site.
don’t be surprised, you will see lots of sellers and buyers in your nigeria on the bitcoin exchange site ready to accept your local currency or any other payment methods they prefer.
Top bitcoin Exchange Sites in nigeria
- LOCALBITCOIN: a peer2peer site where you can buy cryotocurrency in large quantity.read more on this site so you won’t get scammed
- PAXFUL : a peer2peer site also where you can buy cryptocurrency
- KUCOIN : a cryptocurrency trading and exchange site where you can trade any cryptocurrency. read more on this site so you won’t get scammed
- BINANCE : a cryptocurrency exchange site where you can exchange cryptocurrency to another. read more on this site so you won’t get scammed
How to Buy bitcoin in nigeria
few of the most popular platforms which you can use to buy cryptocurrency online includes Peer 2 Peer exchange market place and direct trading exchange.
While an exchange like Coinbase is still one of the most popular ways of purchasing bitcoin but unfortunately, they don’t accept all countries. there are limitations to use their platform. so it is not the only method you can use to get bitcoin. this is why we are going to focus more on how to buy bitcoin online using peer2peer exchange site which is most widely used and easier methods. Below are some additional processes bitcoin owners utilize.
Where To Buy Bitcoins in nigeria Using P2P and OTC cryptocurrency Exchanges
Services such as LocalBitcoins and Paxful are cryptocurrency marketplaces for peer-to-peer cryptocurrency trading. This kind of P2P crypto exchanges is done either in person or online.
the buying and selling processes is very easy. in a peer-to-peer cryptocurrency marketplace, sellers can post their offers and the buyer buys bitcoin from the seller directly.
Unlike with traditional cryptocurrency exchanges website, where all buyers and sellers need to send money to the exchange first (and the payment process might involve international money transfer), but with P2P marketplaces, the buyer pays the seller directly using a payment methods the seller preferred.
for example, bank transfer, bank deposit, paypal, amazon gift card or even face-to-face cash payment in your location can be agreed upon as means of payment by both sellers and buyers.
all you need to do is to register and then search for someone close to your location in nigeria.one’s payment is done, the seller will transfer the bitcoin to your account instantly.
best app to buy bitcoin in nigeria
most of this crypto currency exchange and sites has an app to buy bitcoin in nigeria.you can check on playstore or apple store to find their android and IOS app which you can use on your mobile devices to buy bitcoin instantly.
Various Methods You Can Use To Buy bitcoin
there are lots of alternative meathods you can use to buy bitcoin in nigeria.below are some of them
1. bitcoin ATMs: bitcoin ATMs act exactly like in-person instant bitcoin exchanges through ATM Machine. yes, there are lots of bitcoin ATM machine in most advanced countries where users can walk to and insert their card to withdraw buy bitcoin instantly and get it sent to their wallet right there.
this means that individuals can insert cash or their ATM card depending on the type of ATM Machine being installed there and use it to purchase bitcoin which is then transferred to their secured digital wallet. bitcoin ATMs machine have become increasingly popular in recent years.
2. buy bitcoin from resale exchanges: i don’t really make use of this form of buying bitcoins because its little bit on high side as you buy from those who have bought from others to resale.
this form of exchanges involves you buying from an individual or business owner who buys from another source and sell to consumers.
their mode of trade is to buy bitcoin at cheaper rate from another source and then sell to people like you and high at higher rate to make profit. so i usually don’t like to buy from these sites or individuals because they mostly sell at higher rate.
2. P2P Exchanges: Unlike decentralized exchanges, which match up buyers and sellers anonymously and facilitate all aspects of the transaction, there are some peer-to-peer (P2P) exchange services which provide a more direct connection between users.
this includes the likes of Paxful and LocalBitcoins which are the top best P2P exchanges site on the internet right now.
After creating an account, users can post requests to buy or sell bitcoin, including information about payment methods and price. Users then browse through listings of buy and sell offers made by others on the platform, choosing those trade partners with whom they wish to transact.
these platforms facilitates some of the aspects of the trade to make sure that users does not scam themselves by monitoring the trade between them.
While other P2P exchanges do not offer the same anonymity as decentralized exchanges, they allow users the opportunity to shop around for the best deal.
Many of these exchanges also provide ratings systems so that users have a way to evaluate potential trade partners before transacting with them to enable other potential users to be watchful of the person they intend to trade with based on the ratings and feedback from other users on the platform.
How To Buy bitcoin in nigeria using cryptocurrency exchange platform
if you don’t want to use P2P cryotocurrency exchange sites, then you can use cryptocurrency exchange platform such as binance, kucoins, coinbase etc.site such as binance and kucoin are few of the popular cryptocurrency exchange platform that accept almost all countries without restrictions
Binance : Binance is a global cryptocurrency exchange that provides a platform for trading more than 100 cryptocurrencies.this means that you can trade cryptocurrency by buying and selling (exchanging what you have to another cryptocurrency on the platform)
KuCoin : Kucoin is another cryptocurrency exchange site. KuCoin exchange has one of the world’s most impressive trading pair selections, with more than 300 trading pairs of cryptocurrency. this cryptocurrency site is more of you buying and selling crytocurrencies.
just like you are trading forex. you buy bitcoin and sell to receive other cryptocurrency of your choice. so basically trade cryptocurrency inform of forex trade on kucoin. so you can check them out via link below