Cryptocurrency

10 Best Sites to Buy Bitcoin in Nigeria | Best bitcoin wallet in Nigeria

Are you looking for where to buy bitcoin in Nigeria? If yes, read here to discover. In this post, you will see the 10 best sites to buy Bitcoin in Nigeria.

Since the introduction of Bitcoin, its popularity has skyrocketed as companies, entrepreneurs and individuals globally have taken it has a new means of payment.

Even though Bitcoin is not accepted as a legal tender in Nigeria, the country has been ranked second globally in Bitcoin trading. Bitcoin has become the currency choice for most Nigerian entrepreneurs as they are able to beat the Naira’s fluctuation and the control exercised by the central government.

Before I go any further, it is very essential to know what a Bitcoin is?

What is Bitcoin?

A Bitcoin is a digital currency and a global means of payment which allows people to send or receive money across the Internet.

It is like a digital gold as it is used as an alternative store of wealth, for portfolio diversification and long term investment.

It is a decentralized network of independent computers that generate, propagate and verify monetary transactions. Bitcoins are generated mathematically as the computers in the network execute difficult number-crunching tasks known as “mining”.

The amazing fact about Bitcoin is that it is not regulated by the government or any financial institution and as such transactions can be conducted freely and easily without the need for a trusted 3rd party like the banks.

Bitcoin was invented by Satoshi Nakamoto as a way to tackle the financial crisis of 2008 and since then it has become a lucrative venture as people earn handsomely from trading with it.

One thing i do love about Bitcoin is that it secures the identity of the sender or receiver as users are identified by an address which can change continuously over time in the cause of various transactions.

What you should know is that Bitcoin is a volatile currency and as such its rate can rise and fall several times a day. If you are interested in Bitcoin trading, it is best to be well informed in other to know how it works so that you can cash out at the right time without incurring any loss.

Since Bitcoin is a popular medium of exchange across the Internet and most businesses accept it as a means of payment, i know what you are probably thinking is where you can buy Bitcoin in Nigeria.

There are many Bitcoin exchange sites where you can buy as well as sell bitcoins but it is important to have a Bitcoin wallet as most these sites request it.

The main purpose of this article is to state the sites where you can Bitcoin in Nigeria. You don’t have to search any further because this article is just what you need to answer any question you might have on where you can buy Bitcoin in Nigeria.

10 Best Sites to Buy Bitcoin in Nigeria

You might want to ask, what is the best site to buy bitcoin in Nigeria? If yes, see them below. Here is the best bitcoin wallet in Nigeria.

1. LUNO

This is a Bitcoin exchange company that has its headquarters in London with operations in Malaysia, Indonesia, Singapore, Nigeria, United Kingdom, etc.

At Luno, you can buy bitcoin in Nigeria with debit card. It facilitates buying and selling and paying through Bitcoin wallet services. It helps you to buy Bitcoin and Ethereum which is the second largest crypto currency in the world.

It is safe and secure as it has the most sophisticated Bitcoin security systems which have never been compromised.

For more information, visit their website: www.luno.com or download the app on Google play store and enjoy the quality service they offer.

Visit luno.com

 

2. NAIRAEX

This one of the biggest and most popular Bitcoin exchange site in Nigeria. Buying and selling of bitcoin on this site are secure and reliable. Funds by customers are sent and received directly from the company which prevent any risk of being scammed.

To be able to buy or sell bitcoins on this site, you have to have a Bitcoin wallet which would serve as an account where you can receive and send Bitcoin.

You can also earn a commission from their referral program. They offer quality service and Bitcoin exchange rate on this platform is set at the time of transaction and does not fluctuate.

To find out more information about this site, visit their website: https://nairaex.com

Read Also: Steps To Cryptocurrency In Nigeria And Tips To Succeed

3. PAXFUL

Paxful is one of the best sites to buy Bitcoin in Nigeria. It is a peer to peer Bitcoin exchange platform that connects buyers with sellers. You can earn up to 60% on each sale when you sell on the platform.

It makes it easy to convert your gift cards into Bitcoins and out of Bitcoin . You can buy Bitcoin with any payment option including Amazon Gift Card, iTunes Gift Card and Bank Transfer.

Email: help@paxful.com

Website: https:7/paxful.com

 

4. BLOCKVILA

This platform provides the cheapest bit coin price for you. It also provides quality and reliable services. The platform also enables you to buy and sell Ethereum, Ripple, EOS, Steem Coin, Ethereum Classic, Perfect money, etc.

It is quick, easy and secure. To get started, you have to sign-up, buy and sell digital currency and finally verify your account by uploading a valid ID and proof of address to perform higher transactions.

Email: info@blockvila.com

Website: https://blockvila.com

5. LOCALBITCOINS

It is a Bitcoin exchange company based in Helsinki, Finland. It is fast, private and secured. Users on this platform can buy and sell bitcoin from each other and the most preferred form of payment is bank transfer.

It uses an escrow method of payment to ensure that a transaction is safe and secure. It is the fastest and most private way to buy bitcoins in any country. It does not require any personal information. Email: https://localbitcoins.com

Read Also: How to transfer bitcoin to bank account in Nigeria

6. NAIRASWITCH

It is the easiest and fastest place to buy and sell bitcoin in Nigeria. This platform enables users to buy and sell bitcoin in Nigeria via Bank transfer, Perfect money and web money at fair and competitive market rates in Nigeria. Email: hello@nairaswitch.com

Website: www.nairaswitch.com

7. REMITANO

Remitano is one of the best sites to buy Bitcoin in Nigeria. It is a powerful and seamless trading platform that bridges the world of fiat and crypto. This platform enables you to instantly earn 0.01 BTC (~31,000 NGN) for every friend you refer that joins Remitano.

This is one site you definitely need to try out to buy bitcoin and you simply won’t regret it.

Email: team@remitano.com

Website: https://remitano.com

8. COINDIRECT

Coindirect is one of the best sites to buy Bitcoin in Nigeria, It offers the most competitive prices with no added fees and no trade slippage. It provides 24/7 trading platform and you can pay through many ways such as using bank transfer, swift, Sepa, credit card or mobile money. It supports trade of up to $ 1m and it is fast, secure and reliable.

Website://https://www.coindirect.com/ng/

REad Also: How to Earn Money with Bitcoins in Nigeria

9. BUYCOINS

It is the easiest way to buy and sell Bitcoin, Ethereum and Litecoin. You buy or sell bitcoin on this platform within 5

It is the easiest way to buy and sell Bitcoin, Ethereum and Litecoin. You buy or sell bitcoin on this platform within 5 minutes and it does not have hidden fees or charges. Your identity on this platform is verified by using Bank Verification Number, phone number and your Nigerian bank account.

Coins on this platform are escrowed to ensure security and fast settlements. It offers instant payment, secure wallet. Email: https://buycoins.africa/

10. QUIDAX

Quidax is the newest and boasts of being the simplest and secure way to buy and sell bitcoin, ripple, ethereum and other altcoins in Nigeria.

Website: www.quidax.com

Conclusion

Bitcoin is the new face of currency that is rapidly gaining popularity and with the sites listed in this article, you can buy or sell bitcoins and even earn money for referring a friend. I hope this article has been to provide the information you sort on the best sites to buy bitcoin in Nigeria.

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Cynthia Victor

Cynthia Victor is a Content Developer at InfoGuideNIgeria.com. InfoGuide Nigeria is a team of Resource Persons and Consultants led by Ifiokobong Ibanga. Page maintained by Ifiokobong Ibanga. If you need a personal assistance on this topic, kindly contact us.

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