Bitcoin is special because you can send it directly to other people without needing a middleman. Many people in Nigeria are interested in buying Bitcoin because they think it is a good investment. A good exchange like Yellow Card protects your funds from scams through two-factor authentication and the KYC (Know Your Customer) procedure.
Yellow Card also adds an extra layer of security with the two-factor authentication feature, keeping you safe from scammers. Sekiapp allows you to convert your crypto not just to cash but also to settle bills, such as airtime, electricity, and other utilities. Busha was granted one of the first provisional licenses by the Nigerian Securities and Exchange Commission (SEC) to operate as a regulated Digital Assets Exchange. The approval slated under the SEC’s Accelerated Regulatory Incubation Program positions Busha as a key player in facilitating secure, compliant transactions in Nigeria. Popular crypto exchanges like Binance and Bybit have an option for Fiat deposit but Nigerian cards don’t work on them.
Six Tips for Safely Buying Bitcoin in Nigeria
One of the fundamental rules while trading your crypto, including bitcoin, is to sell high and then buy back when it is low. However, sometimes, the Fear of missing out (FOMO) makes some crypto investors sell their bitcoin when they are supposed to hold on and then buy when it is high. Knowing when to sell your crypto is very important because if you sell your bitcoin at the wrong time, it can lead to a loss of profit and sometimes even your capital. So those who do not know how to trade bitcoin need to learn how to buy and sell bitcoin easily in Nigeria today.
- There are various platforms where you can exchange your gift cards for Naira.
- Bitstamp boasts outstanding security and is one of the most secure cryptocurrency exchanges.
- The system prompts you to generate a dedicated bitcoin wallet which automatically synchronizes with your LoadNG Account.
- The exchange was founded by Buchi Okoro in 2017 and the exchange offers its services to Nigeria and Ghana in West Africa.
Which Gift Cards Can You Sell?
Bitcoin (BTC) dropped 1.34% to $97,656, while Ethereum (ETH) plunged 13.74% to $2,655.46, and Cardano (ADA) tumbled 14.82% to… The exchange charges moderate fees and it has good customer support. BuyCoins also made my list of top Sell bitcoin in Nigeria Bitcoin exchanges in Nigeria where you can buy Bitcoins and other cryptocurrencies right now.
Top 5 Best Apps to Sell Bitcoin in Nigeria
👉 It can go long or short in the market using financial derivatives trading. When you “go long,” you are betting that the price of Bitcoin will increase, and when you “go short,” you are betting that it will decrease. 👉 Nigerians could easily speculate on the price of Bitcoin without owning any by trading Bitcoin derivatives with reputable CFD brokers such as AvaTrade, Exness, HFM, and many more.