Bitcoin purchase in nigeriaHow to buy and sell Bitcoins in Nigeria | Nairametrics
We may receive compensation when you use LocalBitcoins. Please visit LocalBitcoins for its exact pricing terms. NairaEx is the largest Bitcoin exchange in Nigeria.
Its customers can purchase bitcoins with Perfect Money, bank transfer or with cash via bank deposit. BitPesa is a Bitcoin remittance company. BitPesa also has a presence in 2 other African countries. In Nigeria, you can use BitPesa to buy bitcoins with your debit card or Paga account. Purchase method for Kenya is coming soon. You can use our Bitcoin ATM map to buy bitcoins with cash. Bitcoin ATMs can be a quick and easy way to buy bitcoins and they're also private.
While Luno or NairaEX will let you do this, their interfaces are similar to Coinbase in that they're geared toward retail investing rather than trading. Additionally, liquidity may not be great enough on these smaller exchanges to avoid slippage, which will cut into your profitable trades and magnify your losses. The best platforms for trading are the large exchanges with global coverage. These exchanges list hundreds of asset pairs, have deep orderbooks, and are less prone to downtime than smaller operations.
You may find CoinMarketCap's ranking of exchanges by overall liquidity useful when deciding where to take your business. In addition to Binance - whose offerings tailored to Nigerian customers we went through above - some good choices of exchange are Kraken , Bitfinex , and Coinbase Pro.
All of these exchanges will provide you with a customizable trading interface, complete with all the tools and indicators you could need to maximize your chances of trading profitably. We've compiled a list of the best Bitcoin exchanges in Nigeria, from locally-operated exchanges to worldwide market leaders with especially good offerings for Nigerian users.
NairaEX touts itself as "Nigeria's Premier Bitcoin Exchange" and it is indeed the only Nigeria-based exchange currently open for trading. There are no additional trading fees for buying or selling on NairaEX. Instead, fees are baked into the price of the asset. You can see the current spread on NairaEX's homepage. One major benefit of NairaEX's setup is that it is a non-custodial exchange.
This means that your assets are not held in a centralized wallet, which are prone to hacks, but instead are sent directly to your own wallet once the transaction has been processed. Their official blog has a helpful post outlining the differences between Bitcoin and Perfect Money for those unfamiliar with both e-currencies. Luno was originally launched as BitX in and since then it has grown to be a player in some niche markets around the world. Deriving most of its volume from South Africa, Luno is also popular in Nigeria and has recently expanded to service Bitcoiners in Uganda too.
Add to this list Europe, Indonesia, and Malaysia, and you've got yourself an exchange worth considering. Luno aims to provide a competing service to Coinbase , and has made its offerings available in many countries not served by the larger exchange.
Learn how your comment data is processed. Projected benefits of the African Continental Free Trade Agreement AfCFTA could be hampered unless African leaders focus on strategic plans, working with stakeholders and adopting technology to drive the agreement.
Commenting on the agreement, Tingo International Holdings Group CEO, Dozy Mmobuosi expressed excitement about the agreement but stressed the need to give businesses across all sectors of the economy access to the value chain, improved, reliable information and build value-added ecosystems through the use of technology. Through his company, Tingo Mobile, Mmbousi is committed to supporting millions of farmers and other key players in the agricultural value chain with telecommunications financial services Fintech and access to market, among others.
Mmobuosi believes that a marketplace platform that connects every actor in the agricultural value chain, from farmers, to packaging and logistic partners to everyday people looking to purchase fresh produce at the best prices, would be of great importance to achieving the objectives of the agreement. For many years Africa has been largely dependent on foreign aid and with most of its population living below the poverty line, Tingo International Holdings Group CEO sees the AfCFTA as a major step toward the continent growing its economy as more African businesses will learn to leverage its enormous natural and human resources.
He further stated that the agreement could be the best thing that has ever happened to Africa, if implemented and executed well. Mmobuosi also expressed understanding of the monopolistic environment in the region. The competition environment needs to be addressed in order to promote healthy economic conditions for businesses across the continent. The agreement, which was signed by 54 of the 55 African Union member nations, is the second largest free trade area by participating countries after the World Trade Organisation with members.
At Premium Pension, you have a dedicated account officer always ready to attend to any concerns or issues you might have. As much as having a pension plan is great, what makes your pension worth the while is the fund administrator that you choose. It is common for a lot of people to complain about their pension because they chose the wrong Pension Fund Administrator from the beginning. Sometimes this decision was made by your employer but you would be the one to bear the pain.
This wrong decision is very costly because your PFA manages your retirement savings i. Not having a pension plan is bad enough but even when you do have a pension, the question is; does it work to support your financial needs during your golden years? If it does, how well?
These are vital signs that you should not ignore if you want to get the most value from your pension. Your PFA is meant to support you whenever an issue arises. It can be if you change jobs or choose to work as a business owner. Your PFA would have to be aware of these changes to accommodate them. It enables you to know if your employer remits your pension contributions in good time.
It also shows you how much you have in your account. To meet this demand, a Premium Pension mobile app is available to all Members. The user-friendly interface allows for quick access to your Retirement Savings Account, keeping you updated and supports full transparency.
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This is an addition to the support of the entire customer service team. Investment returns delivered by your PFA will greatly influence the value of your account balance at retirement. One of the factors that impacts on investment is inflation as it affects real returns which is quite important for long term horizons. Premium Pension has an excellent record in delivering value on pension funds.
Trusted by over , members, they put in the work to make sure all their Members are well prepared for their golden years. Does your PFA deliver returns that will meet your responsibilities in the future? Bank USSD codes and mobile applications make it easy to transfer money to bitcoin sellers. It is also a perfect option for converting your bitcoin to naira, you simply sell to the buyer and receive the equivalent in your bank account.
This process is also a common way to get bitcoin in Nigeria. Once you purchase a gift card, either Amazon or iTunes with cash and you activate the card, the next thing to do is to scratch the back and have the receipt available with you.
You can find the gift card option on platforms like Coincola. Simply choose the option of buying Bitcoin with gift cards, your browser will be directed to another page. The traders will give you the option of paying back with bitcoin. This process involves buying bitcoin from closed or open social media groups. This process is risky because people easily get scammed on these platforms. There are hundreds of WhatsApp peerpeer groups where you can buy bitcoin with naira.
Some of them are paid groups, but the majority of them are free. You can also convert your bitcoin to naira on these local p2p groups. Many exchanges now allow you to buy bitcoin in Nigeria with your debit card. This instant option also makes it easy for Nigerians to buy bitcoin with naira.