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These are the core obsessions that drive our newsroom—defining topics of seismic importance to the global economy. Our emails are made to shine in your inbox, with something fresh every morning, afternoon, and weekend. During the police brutality protests in Nigeria in October, bitcoin saved the day when the government shut out protesters from using local payment platforms for collecting donations to support it. It was just one high-profile example of how young Nigerians increasingly use bitcoin to navigate a complicated and restrictive banking and monetary system.



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Sites like LocalBitcoins have long been a legit platform for P2P, and with the massive adoption of cryptocurrency in Nigeria, now, is the best time to learn more about P2P. Since the majority of the purchase of crypto is made for the purpose of trading, with Binance being the most popular trading platform on the African continent, it would be good to learn about Binance P2P than any other. After learning about P2P, and you have decided to trade, in this post, we have listed several ways through which, you can buy cheap Bitcoin in Nigeria. Learn how to become and eCurrency E x changer in Nigeria. Bank transfer has ensured the seamlessness of any form of trading.

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During the police brutality protests in Nigeria in October, bitcoin saved the day when the government shut out protesters from using local payment platforms for collecting donations to support it. It was just one high-profile example of how young Nigerians increasingly use bitcoin to navigate a complicated and restrictive banking and monetary system. Peer-to-peer P2P exchanges, which are decentralized platforms that directly connects buyers and sellers without third parties are the most popular way to buy bitcoin in Africa because users do not have to worry about cryptocurrency regulation by the government. The company says Nigerians make up around a quarter of its customer base with 1. The growing uncertainty and instability around the Nigerian naira, which has had increasingly divergent official and parallel exchange rates with the US dollar, has created an opportunity and practical use case for bitcoin trade in Nigeria. In the last couple of years, other African countries, most prominently Zimbabwe, have seen a spike in cryptocurrency trade led by bitcoin, due to currency fluctuations and uncertain monetary policy. In some cases limits to the trade has been prompted by a lack of reliable local platforms. Nigerians are often restricted on international platforms such as PayPal, which does not allow payment to Nigeria, and local banks place a cap on international transactions and charge high fees for transactions due to dollar deficiency.


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If you sell your Bitcoin or other cryptocurrency without going through a regulated exchange, the US government is coming for you. You no longer have the right to sell your own property. But selling your property without going through a regulated exchange, so that the government can control and tax the trades, is now a crime. According to an indictment, year-old Bradley Anthony Stetkiw allegedly sold Bitcoins he legally owned and legally acquired. He was charged with money laundering and operating an unlicensed exchange.

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There are a bunch of reasons why you might want to buy bitcoin in Nigeria. Do you want to day trade it? There are so many platforms that you can use to open a bitcoin wallet in Nigeria , so you can use it to buy bitcoin in Nigeria. However, for every one of them, their prices change in real-time. So when you want to buy bitcoin in Nigeria consider buying from different platforms.


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These days, the price of entry into cryptocurrency is usually not just your dollars or euros but also a wealth of personal data. The practice of gathering such data from users, known as know-your-customer, or KYC , has been increasingly adopted by major cryptocurrency platforms as regulators across the world grow concerned about the use of crypto by criminals. Of course, bad actors still find ways to sneak in, as a recent CoinDesk investigation found. On the other hand, some people prefer to minimize sharing sensitive data about themselves, even if they are not involved in any criminal activities. One reason for that can be concerns about their personal data potentially getting stolen or leaked in a hack, like the one that happened to Binance , a top crypto exchange, in

Binance Nigeria App. Binance is a cryptocurrency exchange that first launched in China in Due to increasingly stringent anti-cryptocurrency regulations in.

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In November , PayPal announced that all account holders in the U. The news followed its announcement in October that it would introduce options for cryptocurrency buying and selling , through a partnership with Paxos Crypto Brokerage. We are pleased to announce that starting today, all of our eligible US customers can now buy, hold and sell Cryptocurrency directly from their PayPal accounts. Payments will be converted into fiat at the point of sale.


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Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our content. So long as you have access to your private keys the seed phrase given by your wallet you can sell Bitcoin at any exchange you like. Compare exchanges for deposit methods, the fiat currencies supported and the cryptocurrencies listed to find the most suitable match for your needs. If you've sold Bitcoin through a platform that permits fiat currency withdrawals, check to see what withdrawal methods are supported.

When Bitcoin was created in , the aim was to create a global, electronic cash system free from the intervention of governments and central banks. The only problem was no one used it.

If you are planning to sell Bitcoins only occasionally, or you're just starting out, please see the how to sell guide. Why trade on LocalBitcoins? LocalBitcoins is the pioneering and leading P2P Bitcoin trading platform, founded in and currently serving users from over countries. On LocalBitcoins. This is also known as over-the-counter OTC trading.

Bitcoin and other cryptocurrencies are back in the spotlight as we approach the end of In what has been a challenging year overall, the narrative of Bitcoin as "digital gold" has gained considerable ground, driving institutional adoption and price appreciation. Institutional investors aside, buying Bitcoin is getting easier for a retail investor.


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