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Nigerian Crypto Users Dismiss 100% BTC Premium Claims

Nigerian crypto users and enthusiasts have dismissed 100% BTC premium claims.

They described the news suggesting that local residents are paying a premium of almost 100% on top of the prevailing price of bitcoin as “totally false.”Information Guide Nigeria

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According to the users, such reports are based on a claim that is being propagated by persons who do not fully grasp the dynamics in the country and should therefore be ignored.

They said such reports are based on tweets posted by social media users who do not fully understand how Nigerian residents use local crypto exchange platforms.NYSC portal

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This tweet has continued to generate interest among bitcoiners. In their initial tweet thread, the user shared a screenshot which suggested that Nigerians are buying one BTC on the peer-to-peer platform Paxful at $47,924.

The tweet claims that the recent cash withdrawal restrictions imposed by the Nigerian central bank has made many citizens swap their naira for BTC.

Reacting to this tweet, Benjamin Eseoghene, the CEO of local crypto exchange Roqqu, told Bitcoin.com News that while price discrepancies do exist, it is simply not true that bitcoin is trading above $47,000 in Nigeria.

According to Bitcoin.com Eseoghene insisted, “This is totally false, we’re trading at normal price, tho there’s some speculation around the crash of dollar rate after the general elections, maybe by then there can be some premium, but likely nowhere near 100%,”JAMB Result

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