You can read further on my detailed NairEx exchange review. Using this exchange platform, you can deposit some money using your credit or debit ATM cards, so you can eventually buy your desired amount of Bitcoin with it. Bitcoin is seeing a lot of adoption in Nigeria, with one of the hurdles being instantly buying bitcoins with a bank card in Nigeria. Binance is one of the biggest crypto trading platforms in the world, supporting over 100 cryptocurrencies. © 2021 The Crypto Staunch. The process is also similar when you are using the Binance App. In April 2020 alone, our Nigerian users traded 15M USD worth of Bitcoin, making Nigeria the clear leader among all Sub-Saharan countries in Africa. Its highest market volume is in South Africa followed by Nigeria. So, when next you wish to buy bitcoin, do not worry as you can do that simply with your bank debit card. People who want to buy bitcoin always look for the most comfortable way to do it. Binance accepts Visa and MasterCard. Best Rates Don't spend extra on fees! Due to individual preferences and needs, everyone’s taste and experiences differs, and that is to say, you may not want to buy Bitcoin cryptocurrency asset from the same exchange as another person bought. Use your Master Card, Visa, or Apple Pay to purchase crypto with a minimum amount as low as 20$. It supports and offers access to 100+ cryptocurrencies. and this will be seen in the near future. NairaEX, launched in 2015, is the largest Bitcoin exchange in Nigeria. It’s intuitive and user-friend view makes it easier for even beginners in the cryptocurrency world to use its services effectively. However, most of them do not accept credit/debit cards. Note: fiat transactions in Changelly are processed by its partners and has some limitations as to how much that can be transacted. Financial institutions in Nigeria are limited within the country. This is to say that, in Nigeria, Bitcoin has not been banned. Luno is among the websites where you can buy bitcoin online in Nigeria at very … Nigerians have another option to use cryptocurrencies through a debit card. Though still very young in the crypto space, it has come to be known as ‘The world’s leading crypto trading platform’ in the market. You will see different bitcoin prices displayed by different sellers on the platform. However, most people are still overwhelmed by the numerous number of cryptocurrency exchange platforms available online today. You will also need your BVN (Bank Verification Number) to upgrade your account limits, so you can buy more than N500,000 Nigerian Naira worth of BTC. Looking for exchanges where you can buy Bitcoin and other cryptocurrencies in Nigeria?. Then fund your quidax wallet, you can then proceed to … As a peer-to-peer platform, you have to buy bitcoin from other people on the platform. Next, another window will open, and you need to enter your card information, including card number, expiry date, and CVV code. RESOURCES. You can search through to find the most suitable offers for you. Nevertheless, some legit platforms allow you to buy bitcoin that accepts credit card and debit […] ID verification is required but the process is simple. How to Sell Steam Gift Card: Step-by-Step Guide for Beginners (2021) January April 30, … Today, however, using debit and credit cards has proven to be one of the most convenient methods. After, you will have to verify your email/phone number. (Please transact only during business hours: 9 - 5.30PM, Monday - Friday) You can buy Bitcoin in Nigeria with debit cards and credit cards, with bank transfer, and even with cash, if you do not have access to those services. You can use our referral link to get a 20% discount on trading fees. More importantly for bitcoin buyers, the exchange offers. CoinSwitch is a cryptocurrency exchange aggregator that was established enable its users to have access to over 300 cryptocurrencies, and up-to 45,000 crypto trading pairs. Click Next. This account can be edited in the External Wallets section . Or you want to invest in Bitcoin and you are in search of where to buy Bitcoin in Nigeria with debit or credit card at a friendly rate. Note: There is a charge of 1.4% for every deposit you make on Quidax platform. Buy Bitcoin with any payment option including Amazon Gift Card, iTunes Gift Card and Bank transfer! Crypterium, an Estonia-based crypto payment and wallet provider, issues the Global Bitcoin Card, which allows holders to spend cryptocurrencies at merchants and withdraw fiat cash from ATMs in almost 180 countries around the world, as news.Bitcoin.com recently reported. This platform is in partnership with MyEtherWallet, Exodus, Huobi Wallet, Binance, BRD, Edge, Coinomi, Trezor, Ledger, Enjin, and other well-known players in the crypto industry. Users can pay with any bank card and receive bitcoin in their wallets in minutes. about 1,400,000+ transactions per second, and average daily volume of 1.2 billion transactions). Initially, it was difficult to purchase bitcoins using debit cards due to the issue chargeback. This option is available on various exchange platforms. Local Bitcoin is instant buy and sell bitcoin marketplace that lets you buy bitcoin with your Naira debit card from a third party who is selling. The daily deposit limit is maximum of N500,000 Nigerian Naira until you submit … How to buy bitcoins in Nigeria with your debit card or Paga account. I found out that only few of these sites allow people to buy BTC with debit/credit cards from all countries (including Nigeria). Buy bitcoin in nigeria with debit card The easiest and fastest way to buy bitcoins instantly with a credit card or debit card is via BITKONGA EXCHANGE where you can acquire $50 or less of bitcoin fast and usually within 10 minutes. In the Nigerian version, Luno uses PayU and Paystack as its payment processors. For Nigeria, Luno uses PayU and Paystack as its payment processors. On the menu bar at the top left side of the desktop app or website, click on Buy Crypto and select Credit/Debit Card. download the Bitcoin Beginner’s Handbook for free. Aside from being an exchanger, Luno also provides online cryptocurrency wallet for temporal storage of your assets when you buy from them. Visit the LUNO website to register and verify your crypto account. Sign up to join the BitcoinAfrica.io Community & receive a FREE copy of the Bitcoin Beginner's Handbook to start your Bitcoin investment journey. It is yet another cryptocurrency exchange that supports buying Bitcoin with bank credit or debit ATM card. Watch our tutorial how to easily buy Bitcoin For this guide, we will focus on how you can use your debit or credit card to buy bitcoin on Binance and Paxful. Updated over a week ago. What differentiates it from other exchange platforms is that you get to find all the cryptocurrency price from different other platforms in one place at a time. There are several Bitcoin exchanges based in Nigeria, making it easy to buy and sell BTC coin. Bitcoin ATM is the best method to buy Bitcoin anonymously, and without providing personal detail or document, instead you have to pay higher amount for the Bitcoin transaction to be confirmed. In Uganda, you can buy with MTN or Airtel. Presently, you can buy bitcoin with a debit card in Nigeria. Since significant measures have already been adopted, it … Buy Bitcoin Cash (BCH), Bitcoin (BTC) and other cryptocurrencies instantly. We offer the best rates for … Then, navigate to the menu bar at the top left side of the desktop app or website, click on Buy and select to buy bitcoin. In Nigeria, there are several exchanges that allow you to buy cryptocurrency with a debit or credit card, including Binance, Paxful, Paybis, and Luno. Nevertheless, some legit platforms allow you to buy bitcoin that accepts credit card and debit cards. All rights reserved. The BTC is transferred to your wallet in minutes. Before picking an offer, make sure you take cognisance of the rating and reputation of the person on the other side of the deal. If you are in Nigeria and thinking of holding some Bitcoin, here you can buy Bitcoin with debit card (bank transfer) and gift cards within 5 minutes. Written by BitPesa Team. The slight difference is that you will have to pay a 2% charge or more when buying and selling instantly and a 0.25% – 1% charge when using the exchange. As you prove to be a reliable customer then limits are raised to $200 in four days and $500 in seven days. People who want to buy bitcoin always look for the most comfortable way to do it. He stated that the CBN’s warning had been misinterpreted and that CBN could not control or regulate Bitcoin since, like the internet, they don’t own it, so they don’t have control over it. I know you are knowledgeable enough, so let’s begin now. A list of people on the platform willing to sell to you with your preferred payment method would be listed. CoinCola is hiring in Nigeria! CoinSwitch appears to be the most reliable platform to buy different cryptocurrencies in the country, being a recognized exchange platform. Select the offer that suits you the most. I got you covered in this explicitly complete list. Buying of bitcoin in Nigeria or; Selling/converting your bitcoin to cash in your local bank account. How to buy bitcoin with credit/debit card in Nigeria using quidax wallet. There are several payment methods available to buy bitcoin in Nigeria. The seller would go on to validate the payment and release the bitcoin. In this guide, you will learn how to buy bitcoin with a debit or credit card in Nigeria. that are more crypto-based businesses friendly. Founded in 2015, with Eric Benz as its CEO the company acts as an intermediary between cryptocurrency exchanges and their users. There, click on “Buy BTC.”. You can also sell your bitcoins to us and you will receive money in your naira bank account almost instantly in … Want free crypto Airdrops? Where Can I Buy Bitcoins with a Debit Card? This can be attributed to its large trade volume (i.e. It integrates a good number of world-leading exchanges (including Changelly) which allows for very fast cryptocurrency arbitrage trades. Then, you can decide to transfer your bitcoin to another bitcoin wallet. Let take a look at an example of bitpesa, to buy bitcoin in Nigeria using a debit card … To buy Bitcoin with a credit/debit card in Luno, it follows the same steps as shown in Quidax. Bitcoins can be purchased there with cash via bank deposit as well as by bank transfer and Perfect Money. As that has been said, i have taken my time to go through websites that accept usage of credit/debit cards for Bitcoin purchase in Nigeria. Fast settlement Nigerian Bitcoin exchange Quidax is an exchange based in Nigeria that makes it extremely easy for Nigerians to buy Bitcoin and other cryptocurrencies with the local currency, the Naira. a direct, easy-to-use option to buy bitcoin quickly using a bank card. CoinSwitch can save your time by simply comparing cryptocurrency price value rate of pairs across most popular exchanges automatically. Or you want to invest in Bitcoin and you are in search of where to buy Bitcoin in Nigeria with debit or credit card at a friendly rate. If you’re selling, you could create your offer to sell your bitcoin on any credit/debit card. The best exchanges to buy bitcoin in Nigeria. Before you go, sign-up for free (receive once in a while 'Zero Spam' updates), or return to blog for more guide. Join telegram channel. It’s best to go with a user with a quality rating, reputation, and a decent number of trading activities. Buy Bitcoin with a … Create an account, grab your free Bitcoin wallet, and choose from thousands of available offers on your desktop, iOS or Android device. Changelly is yet another cryptocurrency exchange that accepts payment with credit/debit cards. Once you have provided the two requirements, your account will be activated already for currency conversion and exchanging. Before we get started with how to buy Bitcoins in Nigeria with your ATM (Debit or Credit) cards, it would be necessary to list out some recommended cryptocurrency exchanges you can use, while you are in Nigeria to buy BTC with debit cards safely. In Nigeria, there are several exchanges that allow you to buy cryptocurrency with a debit or credit card, including Binance, Paxful, Paybis, and Luno. There has been a cautious stance taken by the Nigerian government regarding Bitcoin cryptocurrency. Using credit or debit card to order for Bitcoin, the minimum amount to be deposited is N200.00 Nigerian Naira, while the maximum is N10,000,000 in Nigerian Naira. You can use these steps to buy bitcoin on other platforms too. Registration of account on the CoinSwitch exchange platform is not hard at all. For example, Simplex limitations (for purchasing BTC, LTC, BCH, XRP, ETH): Indacoin limitations (except for Bitcoin, Litecoin, Bitcoin Cash, Ripple, Ethereum): Quidax is one of the exchanges that allow its users to buy Bitcoin using debit/credit cards. How To Buy Bitcoin with Perfect Money in Nigeria. To learn more about Bitcoin, download the Bitcoin Beginner’s Handbook for free. Before buying bitcoin or any Cryptocurrency with credit/debit card in Nigeria, you will need to register an account. Worry not your pretty head! Once you have filled those, click Search Offers. QUICK LINKS. Buy Bitcoin With Debit Cards To do this, you would require a valid debit card to make your transaction. Today, however, using debit and credit cards has proven to be one of the most convenient methods. It supports more than 100 crypto-coins and its payment methods include: Bitcoin can be bought directly when using Credit/Debit cards unlike with bank transfer payment option, where you have to buy Stablecoins first before buying BTC. Buy or Sell in Nigeria with NGN Bitcoin, Ethereum, US Tether (USDT) and other cryptocurrencies fully secure and private with PayPal, Local Bank wire, Bank wire. For this guide, we will focus on how you can, is one of the biggest crypto trading platforms in the world, supporting over, 100 cryptocurrencies. Binance requires identity verification too. with your local bank ATM Credit and Debit cards). How to buy bitcoin in Nigeria using credit/debit cards. Several platforms trading bitcoins now have the credit/debit card option enable on their website. But before you start thinking of where you can buy Bitcoin in Nigeria online from debit card, it is very important to learn about how to secure your crypto investment with safe wallets. In Nigeria, you can use BitPesa to buy bitcoins with your debit card or Paga account. You can either buy from one of many offers listed by other people looking to sell their BTC using a credit/debit card. However, Changelly offers the best available rate at the moment of a transaction and charges a commission fee of 0.25% for crypto-to-crypto swaps. Looking for a safe mobile app in buying Bitcoin look no further line is here to serve … Buy Bitcoin instantly LOBSTR is a trusted place where you can easily buy Bitcoin and other cryptocurrencies with your credit or debit card No registration required; Works with Apple Pay; Available in 100+ countries (including US) No KYC for small amounts; You pay You get & accepted here Buy BTC Buy BTC. Want to know the exchanges that accept credit/debit cards from Nigeria and other countries? Log into your BFX account on www.mybfx.co and click on New Transaction. No registration required, just enter your desired crypto amount and follow the steps below. Luno App. Luno Bitcoin. Using your debit card to purchase Bitcoins isn’t … Paxful makes buying BTC with any credit/debit card quite simple too. Next to it, you can choose your preferred currency. Then, complete the required identity verification. Several bitcoin exchanges accept different payment methods. The company supports 44 countries namely Nigeria, South Africa, Indonesia, and 41 others. A Bitcoin wallet is a storage for your cryptocurrency. Get in on the action! Buying Bitcoin without an ID card means that your personal information cannot be accessed in the event of a hack of an exchange. According to Bitcoin ATM Radar, they are completely not available anywhere in Nigeria, as at the time of writing this post, and i still doubt if there will be anyone in soonest time. Then after that, you can proceed reading below, to understand the best place you should buy Bitcoin (BTC) in Nigeria with your debit or credit card. However, most of them do not accept credit/debit cards. Because I use LUNO, I will be providing a guide on how to buy bitcoin in Nigeria with your debit card. Protect your money from the falling Naira and secure your currency in Bitcoin. I will be discussing about the best platforms to buy Bitcoins below. But while it doesn’t sound positive, further clarification was provided later in 2017 by the Deputy Director on Banking and Payments System, Musa Itopa-Jimoh. To buy Bitcoin from Luno crypto exchange, you will have to pay a 2% charge or more when buying and selling instantly and a 0.25% – 1% charge when using the exchange. Buying Bitcoins with a debit card is very easy, all you need is to know the right platform to buy from, and then the rest is history. The company’s fees are the lowest in the market as it charges a trading fee of 0.1% and 0.05% when using its Binance (BNB) token to pay for transaction while trading on the platform. There are many crypto exchange websites online for Nigerians to buy Bitcoin online, but it is not all of them that has the feature to buy Bitcoin with a debit or credit card instantly. In 2015, the Central Bank of Nigeria (CBN) issued a circular warning to Nigerians concerning the volatility of BTC – stating that she will not be responsible for price fluctuation of Bitcoin. Bitcoin News Bitcoin is seeing a lot of adoption in Nigeria, with one of the hurdles being instantly buying bitcoins with a bank card in Nigeria. You will need to provide an email/telephone number and password to register. Save your Details This will be shown to the other trader and is where he/she will send the funds to. SOCIAL MEDIA. It all depends on the Bitcoin wallet or marketplace you choose to use. BONUS: Buy Bitcoin in Nigeria and Get 0.0001 Free BTC Instantly. There are several payment methods available to buy bitcoin in Nigeria. 12 best exchanges to buy bitcoin in Nigeria. Buy Bitcoin Buy Ethereum Buy USDT Buy EOS Buy XRP Buy Bitcoin Cash Buy Litecoin Buy Gemini Dollar Buy Bitcoin With Gift Cards Buy Bitcoin In Nigeria. After registration, Click the Menu > Wallet > … The daily deposit limit is maximum of N500,000 Nigerian Naira until you submit your KYC (Know Your Customer) documents. Nigeria has embraced Bitcoin in a big way and numbers don’t lie. As different companies located in Nigeria with national, regional and international projections wants to be part of the fintech 4th technological revolution that is now taking place around the world. Despite it being a global exchange, there are restrictions for users from up to 13 states of the USA (United States of America). It is like a physical wallet: you keep your cash in it. Personally, I mostly use this particular crypto exchange to buy my cryptocurrencies online aside CoinSwitch, because they offer the simplest payment methods using flutterwave payment processor. More importantly for bitcoin buyers, the exchange offers a direct, easy-to-use option to buy bitcoin quickly using a bank card. It stated that bank transactions in Bitcoin and other forms of virtual currency were banned in Nigeria. Changelly is also a good alternative to buy BTC with debit card if the user is interested in privacy. Buying of bitcoin in Nigeria or; Selling/converting your bitcoin to cash in your local bank account. If you are in Nigeria and thinking of holding some Bitcoin, here you can buy Bitcoin with debit card (bank transfer) and gift cards within 5 minutes. Just know there is no one size fits all when it comes to choosing best cryptocurrency exchange for Bitcoin online transactions, so don’t be overwhelmed yet. Whichever category you fall in be it. Bitcoin cryptocurrency investment is becoming popular in Nigeria! Binance is a cryptocurrency exchange platform that was launched in 2017 after their Initial Coin Offering (ICO). 2. Buy bitcoin in Nigeria today! Though the CBN has since set up a committee with the Nigeria Deposit Insurance Corporation (NDIC) to look into the possibility of adopting blockchain technology. Over 1000 Bitcoin already sold in Nigeria! However, only a few of these exchanges are reputable. Let me use this opportunity to answer some frequently asked questions about how to buy Bitcoin (BTC) with ATM debit card in Nigeria. Buy Dogecoin and other cryptocurrencies worldwide, instantly and with low fees. I personally checked out these exchanges and have listed them including the type of services they provide. You can buy bitcoins and other crypto currency with naira bank transfer or cash deposit. Buy BTC Many Nigerians use Bitcoin (BTC) to pay and invest instead of Naira due to its high volatility. In particular, NairaEX turned out to be the biggest Nigerian Bitcoin broker, and is your best bet when it comes to buying Bitcoins in Nigeria. You will see a new page where you can select your preferred currency and enter the amount of bitcoin you want to buy. Basically, the intention of the team behind the platform is to make CoinSwitch anonymous exchange platform. Complete the required identity verification. The processes for making purchases are the same as CoinSwitch, as the company does not have a fixed currency rate owing to the volatile nature of cryptocurrencies. Therefore, exchanges are more open to credit or debit card purchases in recent days. Using a credit/debit card to buy Bitcoins from exchanges was not that easy initially. How to Buy Bitcoin Instantly with Credit and Debit Card in Nigeria, In Nigeria, there are several exchanges that allow you to buy cryptocurrency with a debit or credit card, including Binance, Paxful, Paybis, and Luno. You can follow my guide to find Bitcoin ATMs around you. In Nigeria, BitPesa allows you to buy bitcoins with your debit card or Paga account. In addition to securing your cryptocurrency investment with the a secure wallet, you should also understand how you can safely guard your crypto wallet from loss, hacking, misplacement, armed robbers or theft etc. How to buy BTC or ETH in Nigeria with LUNO using Debit Card. There are two reasons to why most exchanges disallow Nigerian cards; However, many exchanges have recently started implementing systems to detect fraud, and there has been an emergence of more payment processors (like; FlutterWave, Paystack etc.) It claims to have over 100,000 users, making buying and selling of Bitcoin quick and easy. Luno now supports both Bitcoin, Bitcoin Cash and Ethereum wallet. Another option available to buy bitcoin in Nigeria is through a credit or debit card. This helps most people to make profits by simply buying and selling on different exchanges (crypto price arbitraging). Save. Finally, you’ll be prompted to enter more information and you can follow the other prompts to complete your bitcoin purchase. As a general rule of thumb, any exchange that accepts a credit card will also accept a debit card. You can complete this using … secure your crypto investment with safe wallets, Exchanges do not accept credit/debit cards due to fraud, There are very few credit card payment processors, Local payment processors do not offer services to crypto-based businesses. For Nigeria, Quidax is one of the fastest cryptocurrency exchanges … The value of Bitcoin has risen significantly over the years, this has made … At Bitkonga we make it easy for you to buy bitcoin in Nigeria. Buy Bitcoin online with your credit card, debit card, bank transfer or Apple Pay. Buy and Sell Bitcoin (BTC) in Nigeria. Buying cryptocurrency has never been easier. Using credit or debit card to order for Bitcoin, the minimum amount to be deposited is N200.00 Nigerian Naira, while the maximum is N10,000,000 in Nigerian Naira. A window would show to allow you to choose the Debit/Credit card as your preferred payment method. There were lots of online exchanges that accept the credit or debit card for the purchase of Bitcoin, but not all can accept credit/debit cards from Nigeria (especially). The company was launched in 2018 after months of Alpha testing. You are required to enter your email address and your cryptocurrency secure wallet address. Kindly check out this list of the best platforms to buy and sell bitcoin in Nigeria.
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