Best Sites To Buy Bitcoin In Nigeria | BTC trading in Nigeria

Best Sites To Buy Bitcoin In Nigeria | BTC trading in Nigeria

Are you from Nigeria and Wanna buy bitcoin in Nigerian currency (Naira) but didn't find out where? So here is the best site to buy bitcoin in Nigeria.

From Africa, Nigeria is the fast-growing market in cryptos industries. And a lot of BTC sites allow buying, trading, and exchanging for the Nigerian users.

But which one is the best site to buy bitcoin in Nigeria and what are the features, security, payment methods, uses difficulty, and many more we will find in this.

So with no delay, let's start.



1. Buy bitcoin in Nigeria using P2P trading.

This day P2P sites are very popular among the users for trading bitcoin in exchange for local currency around the world, even Nigeria.

P2P is a platform or site that allows users to buy bitcoin by cutting middleman and fees directly from the brokers.

There are three P2P sites that are popular these days LocalBitcoins, LocalCryptos, and Paxful. This P2P supports all over the world, and Nigeria too.

It allows users to buy bitcoin securely and in their local currency by using various payment methods.

The best part of using P2P sites is users can find their best price by comparing different brokers' prices. And also it is the fast, secure, and simple way to buy bitcoin in Nigeria, but in case users face problems buying bitcoin simply can ask for help from the broker via chat.

Payment methods - PayPal, Cash deposit, National bank transfer, Credit Card, Chipper Cash, Altcoin.

Merit.

✔️Private and fast.
✔️Support worldwide.
✔️Support local currency, including Naria.
✔️Support a wide number of payment methods.
✔️Users can compare the best brokers to find the best price.
✔️Not require much personal information to start bitcoin trading in Nigeria.

Demerit.

A broker can easily scam users.
For buying bitcoin price usually higher than the market price.
Not best for traders who want to buy a large amount of bitcoin.

2. Buy bitcoin in Nigeria using LUNO.

LUNO could be one of the best sites to buy bitcoin in Nigeria and also in Uganda, Zambia, South Africa. It is the three in one platform and has a wallet, exchange, sell/buy bitcoin for Nigerian users.

Not just BTC you can also buy BCH, ETH, LTC, XRP with NGR pair. The price is dynamic for withdrawal bitcoin while withdrawing via Bank transfer it charges 200 NGN.

For bitcoin trading in Nigeria, it provides a low fee and outrageous amount of trading limit according to the user's level. It charges 0.00% maker and 0.03 - 0.10% taker fee of the amount for bitcoin trading in Nigeria.

To start bitcoin trading in Nigeria users have to complete KYC and it also helps to increase the trading amount. The first level users only can deposit and withdrawal 200,000 NGN overall time (After that you can not buy). But if you complete KYC, the amount will increase to 500,000/month.

Payment methods - Bank transfer, Debit/Credit Card, Instant Bank Transfer, Altcoins, (Paystack, Flutterwave, PayU Card Deposit)

Best Sites To Buy Bitcoin In Nigeria | BTC trading in Nigeria
Deposit fees and methods.


Merit.

✔️Various payment methods.
✔️Have a large number of trading limits.
✔️Have everything: wallet, exchange, instant buy/sell.
✔️Over 5 cryptos for buying and selling, including BTC.
✔️Instantly buy and sell BTC and other cryptos with NGN pair.
✔️0.0% maker and 0.1% taker fee for bitcoin trading in Nigeria.

Demerit.

Buy and sell limit amounts still low.
Withdrawal usually high NGN 200.
Need KYC to start to buy BTC in Nigeria.
The deposit amount is also low around 2000 NGN and charges 1.6% of the amount.

3. Buy BTC in Nigeria using Binance.

Binance, you pretty know about it. Binance has everything in one place and like LUNO it also could be the best site to buy bitcoin in Nigeria. On Binance you can buy BTC from Bank deposit, Credit/Debit card, Cash Balance, and P2P trading.

By using Binance P2P sites you can easily buy BTC in Nigeria not just BTC you can also buy USDT, BUSD, BNB, ETH, EOS directly from NGN.

Like other P2P sites, it also works the same and gives the same security and features. The popular method for buying BTC in Nigeria on Binance P2P is bank account transfer and Kuda Bank.

But in case you don't want to use P2P trading, then exchange your NGN fiat into BTC or others via various payment methods.

Payment methods - Bank deposit, Debit/Credit Card, Bank Transfer, Cash deposit, Altcoins

Merit.

✔️Support many payment methods.
✔️World's most popular trading platform.
✔️Have basic to advance trading features.
✔️Support many cryptos for buying and selling.
✔️Financial support like a crypto loan, staking, and more.

Demerit.

Have hacked much time.
Few brokers for bitcoin trading in Nigeria.
Maker and taker trading fees are usually high.

4. Buy BTC in Nigeria using NairaEX.

The simplest site to start bitcoin trading in Nigeria. It offers a bank deposit for buying bitcoin. To start with, NairaEX has to create an account and then complete KYC verification.

After that login NairaEX account, select wallet, and then you will be presented with two bank names, click on the deposit of your preferred bank to reveal the Virtual Bank Account details created in your account name. When you transfer the NGN balance to the given details, your balance will appear immediately.

Payment methods - Perfect Money, Bank deposit.

Merits.

✔️Simple to use.
✔️Popular In Nigeria.
✔️Gives the best market price.

Demerits.

Need KYC to start.
Few payment methods.
Users only can buy BTC.
No trading features.

5. Buy BTC in Nigeria using Yellowcard.

Yellowcard provides services especially for African countries such as South Africa, Ghana, Zambia, Uganda, Kenya, Nigeria.

For Nigerian users, they can buy Bitcoin in Nigeria using your preferred payment method. They offer online payment through bank transfer or Naira Debit Card, users can also buy bitcoin with cash.

The fee is also attractive they charge 50 NGN for bank deposit and 1.5% + 100 NGN for Credit card deposit while withdrawal is instant and charge 100 NGN.

Payment methods - Cash, Bank Transfer, Credit Card

Best Sites To Buy Bitcoin In Nigeria | BTC trading in Nigeria
Fees, limits, and payment methods.

Merits.

✔️Low fees.
✔️Easy and secure.
✔️High limit amount.
✔️A mobile app is available.
✔️Gives the best market price.
✔️Cash, Bank transfer, Credit card payment options.

Demerits.

Not so popular.
Users only can buy BTC.

6. Buy bitcoin in Nigeria on BitPesa.

It is a simple site and works smoothly. BitPesa offers to buy bitcoin in Nigeria via debit card and Page account.

The minimum that can be paid is the equivalent of $50 while the maximum amount for buying bitcoin is 1,000,000 NGN through BFX.

BitPesa uses BFX service to manage the buy and sell of bitcoin in Nigeria, so every payment you do via bank account will go through BFX.

Payment methods - Debit card, bank deposit, M-PESA.

✔️Simple to use.
✔️Best platforms for African users.
No privacy, need KYC.
Only BTC available for buying.
The buying and selling limit is extremely low.
Doesn't have exchange features.

7. Buy bitcoin in Nigeria on Coindirect.

It allows direct buying BTC like its name. Users from Nigeria can buy BTC, ETH, LTC, BCH, and over 38 cryptos with their credit card, bank transfer, mobile money by paying in NGN.

It supports several payment methods to buy BTC in Nigeria at the best market price. And it charges around a 1.99% fee of the amount with 200,000 NGN level-1 and 1,250,000 NGN level-2 for Nigerian users.

For fiat withdrawal, it takes up to 5 business days for bank transfers while crypto withdrawal is instant.

Payment methods - Bank transfers, PayPal, TransferWise, fiat deposits, M-Pesa, Credit card.

Best Sites To Buy Bitcoin In Nigeria | BTC trading in Nigeria
Coindirect fee of buying bitcoin in Nigeria.

Merits.

✔️Simple and trusted.
✔️Better market price.
✔️Support many cryptos.
✔️Have exchange features.
✔️Support several payment methods.

Demerits.

❌Need KYC to start.
Low trading limit amount.

How to start bitcoin trading in Nigeria.

Bitcoin trading is the best way to get more crypto profit. Where during buying users exchange their fiat currency for bitcoin or other coins while in trading users exchange their bitcoin into another to maximize profit.

To start bitcoin trading in Nigeria, Binance could be better because Binance has the highest market liquidity and a wide number of listed coins.

In case you face problems finding out bitcoin exchange in Nigeria. Then simply go to CoinMarketCap or CoinGeko and navigate to exchange ranking. 

Or can search for a coin that you want to exchange for another after then click and again navigate to exchange pair. Here you will find details of the coin such as sites that allow trading, exchange pair, liquidity, and many more.



Wallets to store bitcoin in Nigeria.

Well done, you have bought your first bitcoin now it time to store your valuable bitcoin into the best wallet here are some anonymous wallets that you prefer to use.

1. Trust wallet.

A Full features wallet to store almost any coins anonymously. Not just storing it also allows for exchanging, staking, and buying cryptos with a credit card.

Trust Browser also gives a full-fledged Web3 browser that allows you to interact with decentralized applications (Dapp) directly from the Trust wallet app.

2. Bitcoin wallet.

Yes, its name is Bitcoin wallet owned by Bitcoin.com. And have everything that needs to start a crypto journey for a beginner. By using it you can store several coins like BTC, BHC, ETH, USDT, and more, and also you can buy cryptos via credit card and exchange into other coins in a minute. (Be alert, there are many wallets with the name of Bitcoin wallet)

3. Enjin wallet.

Meet your another anonymous crypto wallet to manage a thousand of coins, tokens, and more in one place.

This anonymous wallet totally builds for everyone for trading, holding, gaming, and more.

4. Lumi wallet.

Fully featured and highly secure anonymous wallet for beginners as well as pro users. It supports around 1200+ coins and tokens for buying and exchange in a few clicks.

If you from European countries, then easily can withdrawal your bitcoin with your Visa bank card.




How to secure bitcoin wallets.

Just buying and storing bitcoin or any coins is not enough you should know how to secure your wallet to avoid online scam and theft

1. Set Mobile SMS Alert (OTP).

We also know it as OTP (OneTime Password). For this, set up your mobile number with your Bitcoin or crypto wallet. But this feature is not available in every Bitcoin or crypto wallet. Why? Because it involves international service and expensive cost, and also some service does not accept international service. 

I do not recommend enabling this feature because OTP coming to your mobile number may be a delay and it causes trouble to login to your Bitcoin wallet. 

But if the wallet has this feature and accepting your country, then you should enable it to increase the security level.

2. Use a Personal Email address.

This kind of understanding could protect you from hackers and unwanted links coming to the email account that connected to your wallet. 

A Bitcoin and crypto users have lots of accounts on several websites and the result is they are receiving lots of spam emails that contain unwanted links that may affect your wallet security. 

To avoid this kind of condition, use a personal or separate email address for your Bitcoin and Crypto wallet so you won't confuse which email notification coming from your wallet. 

3. Keep Private Key Offline.

Almost all wallet popular has this feature, in this feature, the wallet gives you a few words (maybe 12 - 20 long) and says verify and write it offline so in any case, your coin was stolen then you can recover by entering these private keys.

4. Avoid Unknown Links.

I Will strongly suggest you do not open or click on the suspicious link which coming into your email inbox. 

Remember the email you received looks normal, but it may contain a link that can give access to your bitcoin wallet when you click on it. 

When you see this type of email, change your email and Bitcoin wallet password immediately. 

Here, find more about wallet security and also know 15 things before buying first bitcoin.



Well, buying bitcoin not complicated in Nigeria, even in any countries. And yes, some sites have complicated features, but if you figure out some little thing, then every site will look easy to you.

Buy the way what you things above sites to buy bitcoin in Nigeria. If you know better than this or have used any of these, then tell I am ready to correct statement.✌

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