Bitcoin & Cryptocurrency Trading in Nigeria On this site you find the best Bitcoin and altcoin brokers who welcome Nigerian citizens. You are free to long and short Bitcoin from Nigeria on these popular cryptocurrency trading platforms. 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. 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.
Best site to trade bitcoin in nigeria9 Exchanges to Buy Bitcoin & Crypto in Nigeria ()
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.
Clearly, opportunities for doing business in Nigeria exist, but only for those with the patience and foresight to see their efforts come to fruition. Nigeria poses some daunting challenges to investors and traders, including the high cost of doing business and some serious risks to public safety due to military coups and internal struggles.
In recent times, Nigeria has been torn by a series of military coups and currently faces the threat of the Islamic-State-aligned Boko Haram. The internal struggle between Boko Haram and indigenous and Christian populations has seen thousands of people die over the past few years, with Islamic law now imposed in several northern states.
In June of , the Naira declined by 30 per cent against the U. Since then, the exchange rate has declined to its current to one U. Nigeria also ranked th for ease of dealing with construction permits. When it comes to starting a business Nigeria also ranked low at th, while the country ranked somewhat better at 38th for protecting minority investors. Taken overall, these low rankings suggest a challenging environment for opening or operating a business in Nigeria.
When searching for a broker to operate through in Nigeria, traders should check to see that they offer a suitable range of asset classes, a decent trading platform, strong regulation and adequate financial security for a margin deposit.
Here are some areas where XTB scored highly in:. This is largely down to them being regulated by Financial Conduct Authority, segregating client funds, being segregating client funds, being established for over 16 Trust Score comparison XTB AvaTrade Forex. AvaTrade vs. Based on 69 brokers who display this data. Welcome to BrokerNotes.
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.