How to Buy Bitcoin with Naira: Best Place to Buy and Trade
Bitcoin has proven itself as one of the most dominant cryptocurrencies on the blockchain, leaving many considering if they should start investing in it. As.
Bitcoin has proven itself as one of the most dominant cryptocurrencies on the blockchain, leaving many considering if they should start investing in it. As with many other cryptocurrencies, Bitcoin has gained popularity as an attractive investment opportunity as well as a method to conduct cross-border payments with low transaction fees. Looking at how to buy bitcoin with naira, and make your first ventures in investing in cryptocurrency? We’ll show you how easy it is!
Just a few days ago, Bitcoin share price rose to $13,250 for the first time since July this year. The increase was triggered by news that the global payments giant, PayPal, is launching support and integration for Bitcoin, Ethereum, Litecoin, and Bitcoin Cash. This means that PayPal will allow users to buy and sell cryptocurrencies, including Bitcoin.
President and Chief Executive Officer of PayPal, Dan Schulman, confirmed the PayPal cryptocurrency integration in an official statement, saying:
“We are eager to work with central banks and regulators around the world to offer our support, and to meaningfully contribute to shaping the role that digital currencies will play in the future of global finance and commerce.”Dan Schulman, President and Chief Executive Office of PayPal.
Since the fall of the naira, young people in Nigeria have taken interest in Bitcoin trading and investment. This has translated to the development of several platforms that allows Nigerians to buy and trade bitcoin with and to naira. Most of these crypto exchange platforms provide wallets to enable users to store their bitcoins, note down their wallet ID and the go-ahead to buy the virtual currency. Of course, these services are not free and come with different charges; depending on the platform and payment method supported.
Bitcoin Purchase Options
Nowadays, the process of buying, trading and selling of bitcoins – and other altcoins – are much easier than ever before, regardless if you’re buying in small volumes or large volumes. Some purchase options at your disposal include buying online, with naira cash in person, or via a bitcoin (BTC) ATM.
With many Nigerians embracing bitcoin and with the country having just one BTC ATM, (located in Lagos state), most persons are turning to buy online. Most times, the online purchase of bitcoin requires the intended buyer to pay for the equivalent worth of BTC using traditional electronic means like bank transfer or credit cards. This is because not all P2P (Peer to Peer) platforms allow in-person cash trades.
We’ve covered this matter in a previous article. Those who are interested in learning how to buy bitcoin in Nigeria can take a closer look at this article.
Cash remains the only option for many Nigerians to buy bitcoin and many platforms are taking advantage of this to bring satisfaction to users.
Features of Easy Crypto
Indeed, there are so many cryptocurrency wallets in the market; each having competitive features. But when comparing many services, exchanges and wallets, you will come to agree that Easy Crypto Nigeria offers a great package if you are looking to buying and trading in bitcoin.
- Easy Crypto Nigeria has a tracking system that automatically adds every trade you make to your own portfolio. This way, you can always be up-to-date with every movement the market makes, particularly the market price of Bitcoin and other cryptocurrencies.
- Rest assured that the safety of your money is guaranteed at every point during the transaction.
- Enjoy seamless integration of your crypto assets with your existing wallet, exchange wallet, or even hardware wallets like the Ledger and Trezor. Our platform will ensure your digital assets are safely delivered to you wallet of choice.
- Easy Crypto also offers crypto swap feature if you are interested in swapping between BTC to ETH, and vice versa using our platform.
- With Easy Crypto Nigeria, you don’t have to worry about any hidden charges. What you see is what you get.
So what are you waiting for? If you’re interested in investing in Bitcoin with naira, check out the step-by-step process below!
How to buy bitcoin with Naira?
Time needed: 2 minutes
Buying and trading Bitcoin on EasyCrypto Nigeria is less complicated than you think. Yeah, that’s right. It is as simple as ABC if you can follow these 3 simple steps.
- Visit Easy Crypto’s Website
Proceed to type the amount of Naira (NGN) you wish to spend and select the type of cryptocurrency you wish to buy, in this case, choose Bitcoin (BTC).
- Input your wallet information
Paste your wallet’s address to enable you send your cryptocurrency and click “next”.
- Select the payment method
You’re almost done, just one more step to go now.. Select your payment method and proceed with the transaction.
Congratulations, you just made your bitcoin purchase!
What are your thoughts on bitcoin and cryptocurrency as an alternative option for investment?
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Disclaimer: This article is not an investment advice. However, at Easy Crypto Nigeria, we are open to giving further information, clarification and counsel on the subject matter. Please contact our team for more information or discussion.
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Disclaimer: Information is current as at the date of publication. This is general information only and is not intended to be advice. Crypto is volatile, carries risk and the value can go up and down. Past performance is not an indicator of future returns. Please do your own research.
Last updated August 24, 2022