Buy bitcoin with debit card in nigeria

However, you should be aware that buying bitcoins instantly with a debit or credit card will usually result in higher fees because there are higher transaction and processing fees and a higher risk of fraud. Learning how to use Bitcoin is just like any learning any other technology. This will require you to get familiar with how things function. We highly recommend you learn how to transfer bitcoins to a cold storage Bitcoin wallet. Additionally, the Bitcoin price can vary throughout the world so be sure to do your research to make sure you are getting a fair deal. Once you find a Bitcoin exchange in Nigeria then compare the exchange rate on your local exchange to a Bitcoin price index.

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Content:

• What the CBN’s crypto order means for you going forward
• Cryptocurrency: Luno resumes naira deposit, withdrawal for Nigerians
• How to Buy Bitcoin with a Debit Card
• The Zenith Bank Virtual Card
• Binance Suspends Deposits in Nigeria Following Central Bank Directive
• How to Buy Crypto in Nigeria
• How to Buy Bitcoin with ATM Card
• Debit Cards

WATCH RELATED VIDEO: How to Buy Bitcoin With Credit Card or Debit Card in Nigeria

What the CBN’s crypto order means for you going forward

Sell Crypto in Nigeria: The Central Bank of Nigeria has not been too friendly when it come to bitcoin and other cryptocurrencies. And the apex bank recently placed an outright ban on any account trading cryptocurrencies. With the recent memo from CBN, all Nigeria banks are to close any bank account related to crypto trading in the country.

If you are looking to understand the extent of the crypto ban by CBN then you can read This Report by our team. Despite the CBN ban, Nigerians can still sell crypto with ease in the country. It is important to note that the CBN crypto ban only works if you directly use your debit card, or bank account with a registered crypto exchange like Luno, Remitano, Paxful, Binance etc.

Here is the take, when you receive bitcoin or any other crypto and wish to sell, instead of using any exchange platform just get a local buyer. Chat via WhatsApp, he transfers the money for you and you send the crypto.

Except there is snitch who reports your account which will be unfounded is there will be no proof. The admin of these groups links buyers to sellers. Just create a PayPal account, switch to business PayPal and link your debit card to confirm your account. Now you need to register an account with Paxful and sell your crypto to receive PayPal funds. You can now sell this PayPal funds and receive the Naira equivalent in your local bank account.

So, using Paxful is also legit and no laws is broken. Just like PayPal, Skrill is another money transfer institution you can use to sell crypto with ease.

Just open a Skrill account for free, link your debit card and start using Paxful. Paxful has lots of traders who will buy your crypto using Skrill dollar. Just post the advert for selling crypto and buyers will contact you via the platform and send Skrill dollar directly to your Skrill account.

Remitano is also another good and easy place to buy crypto. This online exchange platform offers users the option to send money via mobile transfer. Which means that with debit card transactions blocked, you can still use the mobile money transfer option.

Maybe that option might be stopped soon but as at the time if writing this article, if you are from Nigeria you can still trade using the option for mobile transfer. Practically speaking, there are more ways for Nigerians to actually trade crypto even with the CBN Ban. But for the sake of this content, this five are the options you can explore for now. Note that we are no financial advisers and every info here are suggestions and you can also decide to ignore them completely.

This post is not also meant to go against CBN order. You are solely responsible as to how you use the information provided here. The Nokia T20 tab is now available for purchase and you can use the links at the bottom to purchase the device.

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The smartphone has a massive 7. Aside from the huge display, it also features…. Your email address will not be published. Save my name, email, and website in this browser for the next time I comment. Skip to content Advertisements. Click here to Open free Paxful Account. Click here to Open free Skrill Account. Click here to Open free Remitano Account. Blogger, Tech Enthusiast, skilled writer and digital marketer. Facebook Twitter Instagram YouTube. Previous Previous. Next Continue. Similar Posts.

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Cryptocurrency: Luno resumes naira deposit, withdrawal for Nigerians

Sell Crypto in Nigeria: The Central Bank of Nigeria has not been too friendly when it come to bitcoin and other cryptocurrencies. And the apex bank recently placed an outright ban on any account trading cryptocurrencies. With the recent memo from CBN, all Nigeria banks are to close any bank account related to crypto trading in the country. If you are looking to understand the extent of the crypto ban by CBN then you can read This Report by our team. Despite the CBN ban, Nigerians can still sell crypto with ease in the country.

How to Buy Bitcoin with a Debit Card

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. Our top picks for the platforms to buy bitcoin in Nigeria are platforms that offer great services and market-friendly prices. The people who are heavily involved in bitcoin in Nigeria use them to buy and sell bitcoin in Nigeria. Paxful is a secure peer-to-peer marketplace Bitcoin that started in by Ray Youssef and Artur Schaback. On the Paxful marketplace, buyers and sellers of bitcoin and other cryptocurrency interact by posting trade offers.

The Zenith Bank Virtual Card

The Zenith Bank Virtual Card is specifically designed for web transactions and can be used to shop online accepted locally and internationally , pay bills and subscriptions etc. Request Virtual Card. AA Rescue is an organisation whose primary objective is to bring comfort, remove distress and give assistance to stranded motorists, by providing. Golden Tulip Oniru Suites is the best self-serviced Suites located in an exclusive environment at the central part of Victoria Island.

Binance Suspends Deposits in Nigeria Following Central Bank Directive

Therefore, you can use your card anywhere in the world. You can travel anywhere you want, stay wherever your heart desires, and shop online as much as you could. This is what we mean by Roam your Money. Click here to access premium features. You can travel anywhere you want, stay wherever your heart desires and shop online as much as you could. You have the convenience of paying for your purchases directly from your bank account, without having to carry any cash.

How to Buy Crypto in Nigeria

Want to jump straight to the answeR? You can buy Bitcoin with a debit card on Uphold! This unprecedented momentum and prodigious adoption of cryptocurrency has seen more services emerge as avenues from which you can purchase your first bitcoin or at least a fraction of it. Debit cards have become a payment method for buying bitcoin on most exchanges. Our step-by-step guide will show you how to use your debit card to buy bitcoin and which platforms allow you to do so.

How to Buy Bitcoin with ATM Card

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Debit Cards

RELATED VIDEO: How To Buy Bitcoin On Binance With Your Debit Card in Nigeria - Jude Umeano

Coin Cloud is based in Las Vegas, so we do everything the Vegas way With over 4, machines from coast to coast, a customized non-custodial wallet app , convenient online purchasing and white-glove Private Client services , we offer you MORE ways to buy and sell MORE cryptocurrencies than anyone else. Why go anywhere else? Coin Cloud gives you options, choices and full control. Your Coins. Your Way.

Here, it is pertinent to mention that bitcoins are always. Otherwise, once the money hits your some exchanges listed in our top exchanges to buy btc in nigeria list allow you to buy bitcoin anonymously without kyc verification in very. How to buy bitcoin without id verification There are two security layers in every debit card; How do i buy bitcoin from blockchain in nigeria? How to buy bitcoin video.

The surge means for many exchanges that there are hundreds of people looking to open a wallet, buy or sell cryptocurrencies. If you are a beginner in Nigeria, getting around to investing in bitcoin can seem complicated but it is much easier when you break it down into steps. The first thing you need to realise is you do not need to buy a whole bitcoin at once.