Bitcoin is fast becoming very popular in Nigeria, the popularity of cryptocurrency grew when Bitcoin reached an all time high back in 2017, this made a few Nigerians begin to invest in Bitcoin, Ethereum and other cryptocurrencies. It is not too late for you to also invest, if you want to begin, this post will help by providing the best sites to buy and sell bitcoin in Nigeria.
The bitcoin exchanges that will be provided in this post have been highly rated for their efficiency, reputation and customer support and therefore are considered to be the best place to buy and sell bitcoin in Nigeria.
Best sites to buy and sell bitcoin in Nigeria using Debit Card
Do you want to buy bitcoin using debit card in Nigeria?, there are currently about 10 crypto exchanges in Nigeria that support this. Below are the best sites to buy and sell bitcoin in Nigeria easily.
1. Luno
2. Quidax
3. Ngexchanger
4. NairaEx
5. Alphabits
6. Remitano
7. LocalBitcoins
8. Paxful
9. Coindirect
10. Coincola
These crypto exchanges are categorized into 3 types which are;
1. Broker OTC (Over The Counter) exchange
2. P2P (Peer to Peer) OTC exchange
3. Trading Platform.
How to Buy Bitcoin and Ethereum in Nigeria
I currently use LUNO to buy crypto-currencies in Nigeria. LUNO is a broker & trading platform exchange with over 3 million customers worldwide and is considered by many as the best place to buy and sell bitcoin in Nigeria.
On LUNO, Nigerians can buy and sell bitcoin and Ethereum instantly, trade several crypto-pairs (BCH/BTC, BTC/NGN, ETH/BTC and ETH/NGN ) and store cryptocurrency. The platform is also very easy to use, you can either visit the website or download the LUNO App.
How to buy BTC or ETH in Nigeria with LUNO using Debit Card
Because I use LUNO, I will be providing a guide on how to buy bitcoin in Nigeria with your debit card.
1. Visit the LUNO website to register and verify your crypto account.
2. After registration, Click the Menu > Wallet > Deposit.
3. Select any of the Deposit Method(choose debit card) and follow the instruction.
You’ll receive a notification when your deposit has been credited to your Naira Wallet.
Now that you’ve successfully funded your LUNO Naira wallet using your naira debit card, go to Wallet, click “BUY” and follow the instructions.
Note that account verification is compulsory on LUNO and to do this you have to by provide your ID and BVN.
Conclusion
This is how to buy bitcoin in Nigeria with your debit card easily and because of LUNO’s efficiency, reputation and customer support, I can sincerely tell you it is one of the best place to buy and sell bitcoin and ethereum in Nigeria.
As you begin to invest in cryptocurrency, I advise you do your own research and most importantly invest wisely.
