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Financial access should be a fundamental human right,” Youssef said. In this post, I listed the top 10 of the Best Exchanges to Buy Bitcoin in Nigeria 2020. Binance in 2020 introduced the Naira wallet allowing Nigeria users to buy bitcoin directly with Naira on the platform. Remitano remains my favorite P2P cryptocurrency exchange since 2016. 10 Best Exchanges to Buy Bitcoin in Nigeria (2021), To still trade cryptos, kindly check out this, Frequently Asked Questions (FAQs) About Bitcoin: Important Points To Note, List of the 10 Best Platforms to Buy Bitcoins in Nigeria, My Verdict (Which is the Best of the Best? Following the CBN crypto ban in Nigeria, most of these exchanges have paused deposits and withdrawals in Naira. I personally have account with all the exchanges listed above. He said: “There is amazing opportunities in this continent especially in Nigeria. There are basically 3 types of bitcoin exchanges. This is the simplest type of exchange. Paxful is a peer-to-peer bitcoin exchange that was founded in the USA. Operator Pleads for Cryptocurrency Regulation, ‘Weak Fiscal Space Putting Pressure on Monetary Policy’, FG Moves to Resolve Faceoff between Kaduna, NLC. The exchange was launched in 2017 as Bitkoin Africa but later rebranded to BuyCoins in February 2018. The Co-founder and Chief Executive Officer of Paxful, Mr. Ray Youssef, has pledged to cooperate with the government and regulators of Nigeria’s financial system to evolve an innovative regulation of crypto-currency transactions in a manner that would widen financial inclusion, spread prosperity and eliminate poverty. Cash App has now set its minimum withdrawal minimum to .001 bitcoin or 100,000 satoshis, up from the previous minimum of .0001 bitcoin or 10,000 satoshis. For example, an online wallet is suitable for traders who are just starting out or testing a new exchange for the first time. It was sponsored by Binance to increase the adoption of Bitcoins and other cryptocurrencies in Africa. Globally, the peer-to-peer platform has over six million users with more than $5 billion trades that have been conducted. Bitcoin price touched $48,000. Luno has one of the easiest to use interface. Third, is building things that make using money easier.”. It offers excellent service and might make my list in 2021. Your blog is so helpful. He said Paxful, which was founded to give everyone equal access to finance with the belief that it is the key to a better world, was dedicated to creating, “a safe marketplace that gives people universal access to money and responsive instant support to customers 24/7 that listens and understands the people to build trust. I will like to meet with the government one day to share my vision and listen to them to understand what their concerns are. Now that we have known the type of bitcoin exchanges there are, let’s dive right into the 10 best bitcoin exchanges in Nigeria. It caters to Nigerians in Nigeria who are interested in trading cryptocurrencies. OTC platforms that have incorporated this call it “Exchange”. So the best of the best depends on what you want to use it for. ), Bitcoin Exchange Types | Their Pros and Cons, Bitcoins exchanges in Nigeria: The Complete list (over 80), TradeConnect Offers Free Crypto Margin Trading Education in Africa, Bitcoin Price Weekly Update: 8th June – 14th June 2020, 7 Best Binary Options Trading Platforms in Nigeria + Free Signal Provider, Expert Option Review: 1 Important Thing You Need to Know, It can be overwhelming because of the number of products, Bitcoin (BTC), Ethereum (ETH) and Litecoin (LTC), – Buy/ Sell of Bitcoin using 30 + payment methods, Buy bitcoins and other cryptos at a very good rate with naira using cash and bank transfer, Accept bitcoins for your goods and service and have the equivalent sent directly to your bank account. It is the first exchange to allows makers to buy and sell cryptos at zero transaction fee, Luno processes deposits and withdrawals instantly 24/7, it’s a must-have exchange if you want to buy bitcoins fast and securely in Nigeria. Is there any exchange that should be there that is isn’t or one that is there that shouldn’t? Learn how your comment data is processed. It is the first exchange owned by a Nigerian to meet and surpass International Standards. That said let’s talk about exchange types and how they work. It was launched in 2017 as Ngexchanger but later rebranded to Blockvila to indicate that its business now extends beyond the shores of Nigeria. Come and visit our site, already thousands of classified ads await you ... What are you waiting for? Además, han alcanzado los 6 millones de usuarios registrados a nivel mundial. Here is a visual made by Remitano of how the escrow works. This type of exchange does not directly sell or purchase BTC from its users, rather they connect buyers to sellers and modulate the transaction using an escrow system. You can check out the YouTube video here. Capital Flight Login and deposit today. Most of its customers in Nigeria are those selling Gift Cards (Amazon, iTunes, Google, etc) for Bitcoin. The Exchange is actually P2P, but in this case, you are trading only on the platform, and you don’t know who you are trading with, you are only concerned with the numbers on the screen. On Remitano, you can buy a huge amount of bitcoin at a very good stable price if you understand how to use it. Luno isn’t supportive to Nigerians since the crypto ban – no deposit, no withdrawal for Nigerians and it’s killing to want to trade coins invested in Luno with another crypto app due to huge price difference. For me, Luno, Quidax, Binance are a must-have if you want to quickly buy, sell, or trade bitcoins. The mobile payment service, Cash App has raised its minimum withdrawal for BTC holders. Binance Referral id has an Exclusive 45% Discount code for our users. The short video below outlines these simple steps. From my over 4 years of experience in cryptocurrency trading, these are the most efficient, reliable, reputable, and safest exchanges used by most Nigerians. Paxful is a peer-to-peer bitcoin exchange that was founded in the USA. Binance is a leading online crypto exchange. Before I go into the ‘Word for Today’, I would like to comment briefly on New Telegraph... Post was not sent - check your email addresses! LocalBitcoins is one of the oldest bitcoin exchanges wordwide. Email: onikepo.braithwaite@thisdaylive.com Twitter: @TheAdvocatesTD You might recognise Carlos Matos from the famous meme in which he screams “Bitconneeeeecct” with plenty of gusto. This top 10 was selected after a careful review of over 80 bitcoin exchanges in Nigeria. Deposits and withdrawals are also instant on Binance. We want to give them (regulators) the clarity that the people involved in the trading are not criminals but normal businesspeople that want to deal and transact with everybody, including the government.”. for bitcoins, you go for Paxful or LocalBitcoins depending on the one that gives you the best price. Bitcoin wallets can sometimes get tricky—there are so many different kinds and they all seem to be for various styles of trading. It is the biggest cryptocurrency exchange in the world by trade volume with over 100 coins actively trading on the platform. Binance was launched in 2017 after a successful ICO. However, unlike Remitano that makes it very difficult for a trader to defraud other traders on its platform, Paxful is less regulated by its customer support thus you have to observe safety precautions not to get defrauded. Trades here are executed instantly. However, It needs to upgrade its interface. This happens instantly and the bitcoin can be seen in your Luno Bitcoin wallet. Bitconnect was a cryptocurrency scam that went from obscure in 2016 at about US$ 0.17 to a high of $436 in 2017. La plataforma Paxful, que permite realizar transacciones con criptomonedas entre pares, anunció que hasta la fecha han registrado un volumen de operaciones por más de USD 5 mil millones. It’s a P2P platform but however does not allow direct interaction between buyers and sellers to ensure maximum safety and anonymity. By KAYODE KOMOLAFE They have their particular use cases and types which I will explain in the next section. If you are not trading smart,… Read more…. All classifieds - Veux-Veux-Pas, free classified ads Website. “I understand the central bank put the ban because they saw things moving fast because Nigerians can move things pretty fast when they are motivated. It also introduced a 0% maker fee making it the exchange to buy bitcoin in Nigeria at the cheapest price. Its biggest market is South Africa and Nigeria. Home » Top post » 10 Best Exchanges to Buy Bitcoin in Nigeria (2021). These are pretty valid questions regulators all over the world, including the United States of America, are asking.”. It's easy to use, no lengthy sign-ups, and 100% free! I have done an extensive review of the platform and how to use it. Youssef, said financial access should be viewed as fundamental human rights of every citizen that is pursuing legitimate business. “The fact that people has to live in this world and do not have equal access to money is really a crime. Most of these exchanges are centralized thus making it susceptible to hackers. Let me know right away in the comment section. It beats other Peer-to-Peer exchanges in terms of security, customer support, services offered, and the number of supported coins. Enter your email address to subscribe to this blog and receive notifications of new posts by email. Quidax is the first bitcoin exchange to support instant deposit and withdrawal of the Naira 24/7. We are all together in this: the youths, the rich, the poor, everyone is a member. “So, the CBN is concerned about safety with regard to money laundering and financing terrorism. It is the first P2P bitcoin exchange and was founded in June 2012 and it’s still thriving to date. Take part in our #BuiltWithBitcoin initiative to equip Kenya, Nigeria, and South Africa with food and supplies against COVID-19. On the other hand, a hardware wallet, although it can be a bit on the pricey side, is more ideal for traders who are holding a … Quidax is a leading Nigeria Bitcoin Exchange that was launched in August 2018. You can also join our Telegram community at https://t.me/ctmastery. Yellow card is a relatively new platform. He said over five million people use Paxful to buy and sell Bitcoin (BTC) and Tether (USDT) with almost 400 different payment methods from gift cards to bank transfers which connects users to practically any financial network in the world. “We cannot do this with hate and animosity. However, kindly update your info as regards to post-crypto ban era in Nigeria. Become a bitcoin vendor i.e. They have sponsored a number of school building projects in Africa. He added: “We can engage them as we have been engaging them and we want to continue to engage them to show them that this is a safe and good thing that can create wealth for those at the top and those at the bottom and everyone in between. We have to respect each other and work together with each other. BuyCoins is a P2P exchange that is situated in Lagos, Nigeria. If you need to sell or buy GiftCards safely at the best price, Redeeem is no doubt the best. Up to 1 billion USD worth of bitcoins is traded on Binance each day. I personally have not sold gift cards for Bitcoin on this platform but I have sold Neteller and Webmoney for Bitcoins. Pro traders make a living using this platform. Luno is the most popular cryptocurrency exchange in Nigeria. It was founded in 2018 by Kyle Hill and Mike Townsend from Los Angeles California. Matos was an “investor” in the now-defunct Bitconnect Coin. You can transfer it to anywhere from there. It was launched as Bitx in 2013 and later rebranded to Luno. If you have many products or ads, create your own online store (e-commerce shop) and conveniently group all your classified ads in your shop! Also read: Bitcoins exchanges in Nigeria: The Complete list (over 80). Click on ‘Wallet’ and to deposit Naira into your Luno Naira wallet either by bank transfer or by Debit card. Since they all support instant deposit and withdrawal in Naira, you should create an account with the 3 of them in case of an arbitrage trading opportunity. In case Ivory refuses to make the payment or Mike refuses to confirm it, they both have to present proof to the exchange, and the exchange will release the bitcoin to whoever is correct and probably ban the liar. To still trade cryptos, kindly check out this post to see how to do that. We just connect people together. Its unique selling point is that it has over 300 payment methods to buy bitcoin with. Corruption War: Beam Searchlight on Professional Bodies, Falana, Others Tell Anti-graft... 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To withdraw your money to your bank account, you will have to go through an OTC or P2P. Remitano is the safest and the most used P2P Bitcoin exchange in Nigeria. Blockvila is the most trusted and reputable OTC exchange in Nigeria. It is the first generation of BTC exchanges. Youssef, who is based in the United States of America, said Nigeria is the world’s number one user of crypto-currency with 1.5 million users that have moved more than $1.5 billion worth of value in crypto-currency transaction, adding that the value has grown by 15 to 20 per cent since the Central Bank of Nigeria (CBN) placed a restriction on the processing of crypto-currency transactions by commercial banks. Bitcoin Price Weekly Update: 10th May – 16th May 2021, A new week in the bitcoin market as bitcoin price consolidates about $59,505 and $53,722.… Read more…, Bitcoin Price Weekly Update: 3rd May – 9th May 2021, It is all joy this week for bitcoin holders and traders. These are platforms where traders trade cryptocurrency pairs such as BTC/NGN, BTC/USDT BTC/ETH etc. How it works basically is that you pay money to the exchange and they send bitcoin to you or, you send bitcoin to the exchange and they send money to your bank account? Cryptocurrency exchange script helps to build a web application which initiates cryptocurrency transactions secure and easier. Our review explores the trading platform, fees, mobile app, wallet services and more. The Co-founder and Chief Executive Officer of Paxful, Mr. Ray Youssef, has pledged to cooperate with the government and regulators of Nigeria… Some of them are slow and might not operate 24/7 since it requires someone to manually operate it, However, there are technologies to automate this now. If you want to learn how to trade cryptocurrencies profitably, then enroll for our Crypto Currency Mastery Course by going to www.ctmastery.com. PVA Codes is a project aimed at improving service of customers who are interested in multiple or single activation of accounts, payment systems, microblogs, and many other online services that require confirmation of a registration by a phone number This is an OTC between two persons directly. Currently, you can only sell bitcoins on Redimit. With these unique features, Yellow Card has seen increased adoption in Nigeria. Paxful saw impressive trade volumes from countries like China, the United States of America, India, and Kenya. Sorry, your blog cannot share posts by email. InstantGold: This exchange has existed for over 10 years now. The crypto giant seems… Read more…, Bitcoin Price Weekly Update: 26th April – 2nd May 2021, Bitcoin mighty fall has begun. Trades can go on 24/7 once there are people to trade, It provides users with charts and trading tools, Traders can set up bots to trade for them. You can check out my review of Paxful for more details. It was founded by Timi Ajiboye, a software developer, and a team of 9 others. Cryptocurrency Exchange Script is a set of source code that builds cryptocurrency exchange platform for your valuable traders. It is based in Port Harcourt Nigeria and still remains one of the safest exchanges to buy bitcoins of any volume in Nigeria. Redimit: This OTC exchange is 2019 new. The Presidential Economic Advisory Council (PEAC) has estimated that the nation lost $10.3 billion last year to insecurity. There is no central account and thus it’s not susceptible to government interference. I have shown you the best 10 bitcoin exchanges in Nigeria and how to buy Bitcoin really fast on Luno. Another amazing thing to know about Paxful is their Charity outreach. Así lo informaron a Cointelegraph en Español, a través de un comunicado. The biggest global cryptocurrency exchange, Binance, has been expanding on the African continent and is currently available in Nigeria, Kenya, and South Africa. Apart from Nigeria, several other major economies are becoming more interested in crypto trading. Most of its customers in Nigeria are those selling Gift Cards (Amazon, iTunes, Google, etc) for Bitcoin. At its last regular... By Onikepo Braithwaite easily buy and sell bitcoins to your customers at a physical location using the Yellow Card app. Nigeria, con sus más de 200 millones habitantes, acoge dentro de sus fronteras a una de las comunidades de usuarios de Bitcoin más grandes del mundo. It screamed of potential, becoming a […] The service is solid. This is how It works; Say Ivory want to buy bitcoin from Mike on a P2P exchange. Electrical Engineer by Training, Blogger and Crypto Trader by Profession (Founder of NigeriaBitcoinCommunity.com). Plusieurs plateformes offrent une forme facile d’acheter du Bitcoin avec PayPal, avec carte bancaire (de façon instantanée) et virement bancaire (24/72h).Vous voulez savoir comment acheter des bitcoins : Il suffit de sélectionner un service, de vous inscrire, puis d’acheter du Bitcoin et les monnaies virtuelles que vous désirez. “This is a pure marketplace you cannot really stop because it does not need a bank account. The use of debit and credit cards is also not allowed for users in Nigeria. “We will give them the data and the information, show them what is happening so that we can come together and make an agreement to put a regulation that is innovation friendly that will help the youths to make money. If you have carefully followed this post, you will see that the exchanges are of different types. On this platform, you can buy and sell bitcoin using over 30 payment methods including Altcoins. Find out more In this article, you will learn about how to use Binance in South Africa, the features and fee structure of the platform. Finally, if you want to sell or buy e-currencies like Neteller, Paypal, Perfect Money, etc. Webmasters, you … They are; Some exchanges, however, combined 2 or 3 of these types in one. My payment method (debit card, gift card, bank transfer, etc), Price (Which exchange have the best price at that instant). Redeem is the safest P2P exchange to sell and buy over 30 gift cards for Bitcoin at the best rate. The Btcx founder explained how instead of selling surplus solar he’s been using it to mine bitcoin and making 10X the money he would if he sold to the grid. The ease of using its app is second to none. Click on Buy, select ‘Bitcoin’ to buy bitcoin with the naira in your naira wallet. This site uses Akismet to reduce spam. Over 800-million-naira worth of bitcoins are traded on Remitano from Nigeria each day. Use our Binance Referral ID N6FDIYIT and get a Flat 20% Discount on your all trading fee and an extra 25% discount when you pay using BNB Coins.. Additionally, you can also invite your colleagues to Binance with your Binance Referral ID or QR code and earn up to 41% commission per referral.

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