Buy Cryptocurrency in Nigeria: Welcome to here, as you have already known WITSPOT gives accurate and reliable information regarding many information like how to get free data on all networks in Nigeria, or how to buy huge data at cheaper rates. But in this post, we will be focusing on the best websites to buy Cryptocurrency in Nigeria and how to buy cryptocurrency in Nigeria. Let’s dive in!
Best Sites To Buy Cryptocurrency In Nigeria 2022/2023
Nigerians are preparing to adopt cryptocurrencies and integrate them into the country’s larger economy because bitcoin and other cryptocurrencies have emerged as the newest economic trend worldwide. Numerous reputable cryptocurrency exchanges have been established in Nigeria as a result of the country’s widespread acceptance of cryptocurrencies.
Access to the cryptocurrency market is now simpler than ever, but be cautious when selecting an exchange. You will understand the best cryptocurrency exchange in Nigeria for 2022 after reading this guide. buy cryptocurrency
We also provide instructions on how to register with a reputable exchange with reasonable fees in order to purchase cryptocurrency right away!
As you can see, there is a suitable exchange for you that will allow you to purchase Bitcoin in Nigeria with cheap costs, regardless of your level of experience with cryptocurrency trading.
For devotees who want to trade cryptocurrencies from anywhere, at any time, mobile cryptocurrency trading apps are a necessity. Since cryptocurrencies are extremely erratic investments, the Central Bank of Nigeria has prohibited crypto transactions there. The markets are open every day of the year, so you must be prepared at all times to buy at the right price or sell to cut your losses. These are Nigeria’s top cryptocurrency trading apps.
Next, you can read in-depth assessments of the top Nigerian cryptocurrency exchanges.
Review of the Best cryptocurrency Exchanges in Nigeria
We go into greater detail about the top cryptocurrency exchanges in Nigeria in this section.
We discuss costs, payment options, rules, supported markets, and more to make sure you choose the best cryptocurrency exchange for your requirements.
8 List of Best Sites/apps To Buy Cryptocurrency In Nigeria 2022/2023
Binance is the most trusted and reliable platform where you can Buy Cryptocurrency in Nigeria. Binance is currently one of the biggest trading platforms in 2022. A cryptocurrency exchange platform called Binance was created with the goal of making it easier to purchase and sell cryptocurrencies.
When Changpeng Zhao quit Okcoin, he launched it that July. He launched the platform with a $15 million first investment that was raised through an initial coin offering.
Because it provides you with a summary of the most current market price of all the cryptocurrencies it supports, Binance makes it simple for you to decide when to purchase and sell bitcoin and other cryptocurrencies.
It does this by displaying the price movement of the cryptocurrency you want to trade (buy or sell) in weeks, days, months, or even in minutes and seconds on a technical analysis chart (for experienced traders). Additionally, it displays the percentage change in price. This is for those who want to buy or sell but aren’t traders. When you sign up with Binance, they provide you a wallet. Your trading coin is stored in this wallet (buying or selling).
Because of a hack that occurred on May 7th of this year, 2019, and the theft of more than $40 million in Bitcoin, Binance is not entirely secure. Binance offers peer-to-peer (P2P) trading, which makes it simple to trade (buy and sell) and withdraw money straight to your local bank account, in contrast to other cryptocurrency exchange platforms whose policies no longer supports Nigeria.
Kucoin is regarded as one of the top cryptocurrency trading platforms out of the ever-growing list available. Michael Gan, Eric Don, Top Lan, Kuet Li, John Lee, Jack Zhu, and Linda Lin established Kucoin on September 15, 2017.
Kucoin has been a fantastic trading platform for Bitcoin and quickly-expanding Altcoins like Tron (TRX) and Ripple since the beginning (XRP). Every time you want to trade or make an exchange, our platform gives you access to a quick and secure wallet.
According to the data, this platform is among the best because no instances of fraud or hacking have ever been noted. The only difficulty you could encounter when using this site is the exorbitant fee. When you buy or withdraw coins, they take a fee of more than 3%.
Prior to the CBN’s cryptocurrency restrictions, Kucoin policy helped Nigerians. This means that you can Buy Cryptocurrency in Nigeria on Kucoin.
Quidax is also one of the plaform where you can Buy Cryptocurrency in Nigeria. The mission of the exchange platform Quidax is to close the cryptocurrency-Nigeria divide. By the name of Bauchi Okoro, a Nigerian, Quidax was founded in 2017. It was formed with the purpose of making cryptocurrencies available for Nigerians to trade in Naira.
Even if practically all merchants in Nigeria do not yet utilize this platform, the feedback from those who have already used it indicates that it is reliable and secure. All of its traders have access to Quidax’s own wallet, which is easy to use, safe, and personalized.
As of now, it is secure and has no history of hacking, coin handling errors, or operational disruptions. Until recently, Quidax was accessible to all Nigerians as that was the primary reason for creating the platform.
However, Quidax does not accept any transactions involving Nigeria because to the recent prohibitions on cryptocurrency transactions in that country.
An Australian-based bitcoin exchange platform is called Bitpanda. Bitpanda provides two different trading options. Eric Demuth launched it in 2014 to make it easier to acquire and trade cryptocurrencies. Bitpanda provides two trading options: Bitpanda Pro Trading and Newbies Trading. Buy Cryptocurrency in Nigeria on Bitpanda.
The easiest way to characterize the first-time trader’s experience is as an exchange where you immediately purchase and sell using the platform’s available funds. To use this type of trading, you don’t need any previous trading expertise.
You must do peer trading when using Bitpanda Pro. If a different trader accepts the price you’ve set for your currency as a selling price, he’ll buy it from you. To avoid losing all of your coins, you must be able to trade like an expert in this type of trading.
Regardless of the type of trading you want to do, Bitpanda has its own wallet. One of the most secure Bitcoin trading sites is known to be this one. The CBN’s policies did not favor the Nigerian traders even prior to the prohibition.
With operations in over 13 African nations, including Nigeria, South Africa, Cameroon, and Tanzania, Yellow Card is an American cryptocurrency exchange backed by venture capital. With the help of Yellow Card, you may buy and trade Bitcoin and USDT in Nigeria using Naira. With the introduction of Know Your Customer (KYC), the exchange is now more in line with global standards for providers of financial services.
Peer-to-peer trading has been introduced, therefore it is no longer constrained by the Central Bank of Nigeria’s prohibitions on cryptocurrency trading. The ability to purchase USDT in Naira is one of the new Yellow Card app’s intriguing features.
You may purchase USDT (Tether), a stablecoin tied to the USD, with less than 1,000 Naira, making it an excellent method to preserve dollars. Both Android and iOS users can download the Yellow Card App. To download the app, simply go to the Google Play Store or the App Store. You can easily Buy Cryptocurrency in Nigeria on Yellow card.
Prestmit is a mobile and web-based over-the-counter cryptocurrency exchange tool.
Numerous cryptocurrencies, such as Bitcoin, Dogecoin, Litecoins, Tether, etc. are supported by Prestmit.
Prestmit, which has been around since 2019, has established itself as one of the top apps for selling cryptocurrencies quickly in Nigeria and Ghana.
The Prestmit platform has autonomous transaction processes that make it incredibly easy for users to convert their cryptocurrency to fiat.
Naira and cedis are two fiat options that are available. On Prestmit, transactions happen automatically, and cryptocurrency that users receive in their wallets is automatically credited to their fiat wallets without the need for manual intervention.
Above all, Prestmit is the first cryptocurrency trading software in Nigeria that enables users to purchase bitcoins using gift cards.
Etoro also emerges as one of the Sites to Buy Cryptocurrency in Nigeria. The bitcoin trading and investment site eToro serves these two distinct functions. Yoni Assia, Ronem Assia, and David Ring founded it in Tel Aviv, Israel, in 2006 with the intention of making investments. eToro acted as an investment broker. As time went on, many people began to criticize this investing site for causing them to lose their money, so the company decided to add a cryptocurrency exchange to help it grow.
eToro is known as a cryptocurrency exchange platform at the moment with a subpar track record in the exchange area. On the platform, there is a $5 fee for each successful withdrawal, but there is no fee for investing.
It is secure for both investing and trading because it is governed by the FCA, CYSEC, and ASIC. Their stance has not supported Nigeria from the beginning to the present, but they have made promises that they will embrace Nigeria with open arms in the near future.
Luno is also on of the apps to Buy Cryptocurrency in Nigeria. It is a digital marketplace for storing, buying, and trading cryptocurrencies as well as for quick and simple service payments.
In 2013, Marcus Swanepoel, Timothy Swanex, Carel Van Wyk, and Francisco Paul developed Luno (formerly known as BitX). Luno was designed with the intention of serving as a cryptocurrency wallet because it is 100 percent secure. But over time, it developed capabilities for trading (buying and selling) Bitcoin and other cryptocurrencies.
Because no nation has fully allowed trading, using Luno is solely at your own risk. It offers a fixed cost for some withdrawals and occasionally zero in terms of service fees. Luno policy supported Nigeria prior to the CBN’s recent cryptocurrency ban.
Wrapping Buy Cryptocurrency in Nigeria
I’m confident that this content has given you one or two information about Buying of Cryptocurrency in Nigeria in 2022/2023. However, it is your responsibility to check out the terms and conditions of any platform you intend to use.
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