Best Sites to Buy and Sell Bitcoins in Nigeria.

So you are interested in buying Bitcoin, and you don’t know where. This article can help you decide where to buy Bitcoins in Nigeria. However, you should note that you’ll need a Bitcoin wallet to start buying.

Now that you know how to get a Bitcoin wallet, let’s dive right into the subject matter, shall we? These are the best sites to buy and sell Bitcoins in Nigeria.

 

LocalBitcoins

They provide the service of matching Bitcoin buyers with sellers. Even though you can purchase Bitcoin using whatever payment you prefer, the most popular form of payment is through cash. This website also facilitates an in-person meeting between you and the seller or buyer. These are some of the advantages of using LocalBitcoins. 

Why you should use LocalBitcoins
  • You can purchase your Bitcoin fast through cash deposit.
  • You don’t need to provide personal information to trade in person.
  • It can be private, fast and easy.
Problem with Using LocalBitcoins
  • It is quite difficult to buy a large number of Bitcoins. In this instance, you are better off using a large exchange
  • You are exposed to scams, especially if you don’t follow the site rules.
  • You get to pay a much higher price for the privacy you’ll enjoy.

Luno Wallet

They have a strong presence in 5 countries in the world, including Nigeria. The major thing about Luno is the fact that they offer 0% fee if you place a buy order and wait for it to be taken by a seller. That’s not all, below are some of the reasons you should use Luno.

Why You Should Use Luno
  • It is one of the most trusted Bitcoin exchange in the whole of Asia.
  • You get to enjoy free deposits, and low fees every time you withdraw.
  • Depending on your level of verification, you can also enjoy an infinite limit for exchange.
Problems Associated with Luno Wallet
  • It has no option of credit/debit card purchase. They only accept bank transfers.
  • It is not advisable for users to store Bitcoins in Luno’s wallet service.

NairaEx

This is arguably the largest Bitcoin exchange in Nigeria. You have the opportunity of buying your Bitcoins in cash, bank transfer, and through bank deposits. Here are some of the reasons you should consider NairaEx Buy Bitcoin.

Why You Should Use NairaEx 
  • The major advantage of this exchange is its flexible method of payment.
Problem with Using NairaEx 
  • The only problem with this is the lack of privacy. Unlike other exchange like LocalBitcoins, the verification of identity ensures that you have less privacy.

BitPesa 

This is the last Bitcoin exchange service we will be considering. BitPesa can be used to purchase Bitcoins by simply using your ATM card or Paga account. In a country like Uganda, you can use your mobile operator for this service, purchase your Bitcoin using your Airtel or MTN line. Here are some of the advantages of using this service.

Why You Should Use BitPesa
  • It is probably the most convenient way of buying Bitcoins in Nigeria, Kenya and Uganda
The Only Problem with Using BitPesa
  • You are going to lose your privacy altogether. This is due to the necessary identity verification to perform any transaction.
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