How to Buy Bitcoin and Crypto in Nigeria
What we Found
Now buying, selling, and trading Bitcoin and Cryptocurrency is easier than ever.
If you’re looking to buy or trade Bitcoin and other cryptocurrencies in Nigeria, here’s what you need to know:
Choose a reputable cryptocurrency exchange that operates in Nigeria, such as Binance, Luno, or Quidax.
Create an account on the exchange by providing your personal details, such as your name, email address, and phone number.
Verify your account by providing identification documents, such as a passport or driver’s license, as well as a utility bill or bank statement to confirm your address.
Fund your account using a payment method accepted by the exchange, such as bank transfer, debit or credit card, or mobile money.
Select the cryptocurrency you want to buy, such as Bitcoin or Ethereum, and enter the amount you wish to purchase.
Review the transaction details and confirm the purchase. The cryptocurrency will be credited to your exchange wallet.
If you plan to hold your cryptocurrency for an extended period, consider transferring it to a secure hardware wallet or a software wallet that you control the private keys to.
It’s essential to exercise caution when buying and trading cryptocurrency in Nigeria due to the lack of regulatory oversight and the prevalence of scams. Be sure to research the exchange and the cryptocurrency you plan to buy, use strong passwords and two-factor authentication to secure your accounts, and never share your private keys with anyone.
Most popular crypto exchanges
Buy Bitcoin and Crypto through Coinbase
- Coinbase is a convenient and cheap way to buy Ethereum and the platform is open to 200+ countries). Coinbase will sell you CRO for a variable fee that depends on your payment method (credit cards have a higher fee than wire transfers), order size and market volatility. Here’s how you buy Ethereum on Coinbase: Open a Coinbase account Add your payment method (Credit card or bank account) Go to “Buy/Sell” and select the amount of Ethereum you desire Click “Buy Cronos”
Buy Bitcoin and Crypto through Crypto.com
- Crypto.com is a cryptocurrency exchange company based in Singapore. As of May 2022, the company reportedly had 50 million customers and 4,000 employees. The exchange issues a token, Cronos.The company was initially founded in Hong Kong by Bobby Bao, Gary Or, Kris Marszalek, and Rafael Melo in 2016 as “Monaco”. In 2018, the company was renamed as
Buy Bitcoin and Crypto through MEXC
- Founded in 2018, MEXC Global is known as the exchange of high performance and mega transaction matching technology. The team at MEXC Global are some of the first movers and pioneers of financial and blockchain technology. Currently, MEXC Global caters to 10 M+ users in more than 170 countries around the world and we have just started.
Buy Bitcoin and Crypto through Kucoin
- Kucoin is a global cryptocurrency exchange for numerous digital assets and cryptocurrencies. Launched in September 2017, KuCoin has grown into one of the most popular crypto exchanges and already has over 8 million registered users from 700+ countries and regions. According to Alexa traffic ranking, KuCoin’s monthly unique ranking is in the top 5 globally. Known as the “People’s Exchange”, KuCoin operates in Seychelles, providing users with multi-language and 24/7 customer service. Meanwhile, KuCoin has established local communities all over the world in South Korea, Japan, Spain, Italy, Vietnam, Turkey, Russia, India, and other regions, providing users with the most local services. Currently, 1 out of every 4 crypto holders in the world is with KuCoin.
Buy Bitcoin and Crypto through Bitfinex
- Bitfinex is a cryptocurrency exchange owned and operated by iFinex Inc registered in the British Virgin Islands.Their customers’ money has been stolen or lost in several incidents, and they have been unable to secure normal banking relationships.Bitfinex was founded in December 2012 as a peer-to-peer Bitcoin exchange, offering digital asset trading services to users around the world. Bitfinex initially started as a P2P margin lending platform for Bitcoin and later added support for more cryptocurrencies.