There are a bunch of reasons why you might want to buy bitcoin in Nigeria. Maybe you want to use it to hedge against Naira’s inflation. Or you want to hold it as an investment asset and wait till it’s profitable before you sell it. Do you want to day trade it?
For you to buy bitcoin in Nigeria, you’ll need a bitcoin wallet as most bitcoin exchanges require it. A Bitcoin wallet is similar to a bank account where you can generate a Bitcoin address that serves as a “bank account number”, that can be given out to other users in order to receive and send Bitcoin.
Don’t have a wallet? There are so many platforms that you can use to open a bitcoin wallet in Nigeria, so you can use it to buy bitcoin in Nigeria.
However, for every one of them, their prices change in real-time. So when you want to buy bitcoin in Nigeria consider buying from different platforms.
Our top picks for the platforms to buy bitcoin in Nigeria are platforms that offer great services and market-friendly prices. The people who are heavily involved in bitcoin in Nigeria use them to buy and sell bitcoin in Nigeria.
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How to Buy Bitcoin in Nigeria using Trusted Sites & Apps
Our top picks for the platforms to buy bitcoin in Nigeria are platforms that offer great services and market-friendly prices. The people who are heavily involved in bitcoin in Nigeria use them to buy and sell bitcoin in Nigeria.
1. Paxful
Paxful is a secure peer-to-peer marketplace Bitcoin that started in 2015 by Ray Youssef and Artur Schaback. On the Paxful marketplace, buyers and sellers of bitcoin and other cryptocurrency interact by posting trade offers.
There are multiple payment options you can use to buy bitcoin in Nigeria on Paxful. Some of the payment methods include Debit Card, PayPal, Perfect Money, SWIFT, Western Union, Moneygram and even Gift Cards.
On Paxful, funds are held in escrow until both parties can confirm the transaction has been successful. You can sign up to Paxful and start buying bitcoin from Nigeria today
ALSO SEE: A REVIEW OF YELLOW CARD BITCOIN PLATFORM
2. Remitano
Remitano is a P2P bitcoin marketplace where you can buy and sell bitcoin easily and safely. Remitano has a simple interface coupled with top-notch online customer support that is available 24/7.
A lot of people in Nigeria use Remitano as it has one of the largest bitcoin trade volumes in Nigeria. Other than Nigeria, Remitano is used in countries like Australia, Malaysia, Vietnam, Cambodia, China and is growing every day.
You can easily buy bitcoin in Nigeria from Remitano as it uses a safe system called an escrow. When you buy bitcoin with Remitano, your funds are deposited in escrow till the bitcoin is in your wallet. You can also trade other cryptocurrencies on Remitano.
3. Binance
Binance is one of the leading bitcoin trading platforms in the world, you can buy over 200 crypto coins on Binance. The platform accepts users from around the world and has received favourable reviews from the crypto community.
Binance offers one of the most competitive rates around. Binance is a great option if you want to buy bitcoin in Nigeria. It’s an awesome platform that is friendly for beginners. You can easily convert your Naira to bitcoin and bitcoin to Naira easily on Binance. With Binance you can buy bitcoin in Nigeria with your debit card or via bank transfer.
Check out our Binance Review>>
4. Quidax
Quidax is a safe cryptocurrency trading platform you can use to buy bitcoin in Nigeria. You can also buy Ethereum, Ripple, Litecoin, and other cryptocurrencies with Quidax.
Quidax is one of the latest cryptocurrency exchanges in Africa.
You can securely buy bitcoin in Nigeria with Quidax. You can also withdraw easily with Quidax.
5. Nairaex
NairaEx might be the biggest local bitcoin exchange platform from Nigeria. NairaEx is a secure and reliable bitcoin exchange for Nigerians who want to buy bitcoin in Nigeria.
With Nairaex, you can easily create buy and sell orders for Bitcoin quickly.
Nairaex also offers same-day funding & withdrawal into any Nigerian bank. All fees are included in the rate. The payment options Nairaex supports are Bank Transfer, Bank deposit, and ATM transfer.
All cryptocurrency assets on Nairaex are stored securely offline with a leading wallet custodian according to the company. All cryptocurrency assets on Nairaex are stored securely offline with a leading wallet custodian according to the company.
6. Blockvila
Blockvila is a cryptocurrency trading and exchange company that provides both P2P (peer to peer) and P2B (Peer to business) cryptocurrency services in Nigeria and Africa. With this crypto company, you can buy and sell Bitcoin, Ethereum, USDT, and other cryptocurrencies with other traders or with Blockvila itself.
BlockVila was formerly known as Ngexchanger; an e-currency exchanger for buying, selling, and exchanging e-currency. But the company has since grown into a crypto marketplace where anyone can buy, sell, store and swap cryptocurrencies with other individual traders.
7. Kraken
Kraken is one of the biggest cryptocurrency exchanges in the world with millions of active users. The company is Headquartered in San Francisco, California, U.S. Kraken is considered one of the safest bitcoin exchanges you can use to buy bitcoin in Nigeria.
Kraken provides cryptography-verified proof of reserve audits. These audits verify the total amount of cryptocurrency held by Kraken.
Kraken offers cryptocurrency to fiat trading and provides price information to Bloomberg Terminal.
Payment options available ton Kraken are Debit card, Electronic Funds Transfer, Bank Transfer, Wire Transfer. Kraken is well-capitalized and very safe to use to buy bitcoin in Nigeria.
8. Buycoins
Buycoins is one of the best cryptocurrency exchanges to buy bitcoin in Nigeria. Buycoins is based in Lagos, Nigeria.
You can buy bitcoin in Nigeria directly from Buycoins or via Peer-to-peer that has a secure and fast escrow settlement system. One thing that makes Buycoins a great platform to buy bitcoin in Nigeria is its Zero-fees policy. Whether you buy bitcoin or any cryptocurrency directly from Buycoins or via its P2P system, you will pay no transaction fee.
This platform also offers a Naira Token (NGNT). NGNT is a new stable cryptocurrency. Unlike other coins that may change their value in relation to the Naira, NGNT will always have a value equal to the Naira.
9. LocalBitcoins
LocalBitcoins is a decentralized cryptocurrency exchange that facilitates P2P bitcoin sales. Users of LocalBitcoins can list their own buy/sell bitcoin advertisements with the payment option that they prefer.
LocalBitcoins allows users to communicate with prospective buyers and sellers, confirm all the transaction details before finalizing any trade of crypto.
Thousands of Nigerians use LocalBitcoins for buying and selling Bitcoin. All you have to do to buy bitcoin in Nigeria with LocalBitcoins is browse the platform for bitcoin trade advertisements in your location and pick one with the payment option you prefer. Nigerian bitcoin traders on LocalBitcoins usually prefer bank transfer as their payment option.
LocalBitcoins uses an escrow method of payment to ensure that both buyers and sellers do not get scammed in a transanction.It is also recommended that you look out for review of the person you want to buy from.
You can buy bitcoin in Nigeria with LocalBitcoins via these payment options: Debit Card Cryptocurrency, Neteller, PayPal Perfect Money, Bank Transfer, SWIFT Western Union.
