How can I buy Bitcoin in Nigeria?

Every Crypto-enthusiasts are always on the lookout for the best platform to buy and sell Bitcoin in Nigeria seamlessly. Some others, due to the volatile nature of bitcoin are looking for the best place to invest and exchange these digital assets. Many traders don’t even know when to trade – they attempt to manage their risk simply by buying an asset when the price drops or selling it when the price goes up.

The downside of this tactic is that oftentimes money is left on the table after you leave the market. If the price continues to rise after you sell, for example, you’re missing out on profits you could’ve earned had you left your position open. 

A key benefit of futures trading is that you can hedge existing spot positions without additional crypto – allowing you to be agile and prepared for any market environment.

There are thousands of companies and individuals that offer the conversion of Nigeria’s flat currency Naira as well as money from other digital currencies to Bitcoins. They would mainly be split into exchanges and trading platforms.

  • Companies: dozens of these offer the sale or exchange of bitcoins primarily through their respective websites or mobile apps. They typically accept Naira payment via MasterCard, Visa, Verve cards, online bank transfer or some mobile money platforms.
  • Trading platforms: these allow individuals to buy and sell bitcoins and typically offer a secure platform that includes escrow. They usually attempt to verify does who trade on their platform in other to guarantee a secure environment for their users.

How to accept Bitcoin Online

It is possible to accept bitcoin payments through your own e-commerce website in Nigeria for your business. There are dozens of online solutions that make this possible. There are many available web wallets offering merchant services that are fit for purpose.

They would typically offer an API that makes their service work with online store platforms. Popular bitcoin gateways include BitPay, Coingate, etc.

It is also possible to go the simple route of simply giving your bitcoin address to the payer. He or she can then simply send bitcoin from their own wallet. This option would typically apply to freelancers and is straight-forward.

Where to sell Bitcoin in Nigeria

Today we would be looking at the most reliable and fastest website to easily buy your bitcoins from and also sell your bitcoins in Nigeria.

Are you looking to purchase bitcoins or you have bitcoins you are willing to sell?  Well, you are in luck because of all the bitcoin exchanges that are out there now, we can only but recommend the best.

There are thousands of merchants that accept bitcoin across the world. For example, RedimIT accepts Bitcoins and dozens of other cryptocurrencies like Bitcoin Cash, Ethereum, Litecoin, etc.

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