Best crypto to invest in nigeria

The current realities of the Nigerian economy are not encouraging. The value of the naira continues to struggle against the dollar, currently exchanging at over N at the black market, thus making it expensive for Nigerians to invest in cryptocurrency. Ripple is a payment platform that allows for cross border, real-time gross settlement RTGS that enables instant monetary transactions globally. READ: Top 5 eco-friendly cryptocurrencies. There has been a lot of controversy surrounding Ripple. A settlement or even a dismissal is to be expected soon which should do well for the price of XRP.

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WATCH RELATED VIDEO: Best Bitcoin wallet in NIGERIA, buy Bitcoin with you card or transfer very safe

Why crypto is booming in Nigeria despite govt ban

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.

There are multiple payment options you can use to buy bitcoin in Nigeria on Paxful. On Paxful, funds are held in escrow until both parties can confirm the transaction has been successful. You can sign up to Paxful and start buying bitcoin from Nigeria today. Remitano is a P2P bitcoin marketplace where you can buy and sell bitcoin easily and safely.

A lot of people in Nigeria use Remitano as it has one of the largest bitcoin trade volumes in Nigeria. You can easily buy bitcoin in Nigeria from Remitano as it uses a safe system called an escrow.

When you buy bitcoin with Remitano, your funds are deposited in escrow till the bitcoin is in your wallet. You can also trade other cryptocurrencies on Remitano. Binance is one of the leading bitcoin trading platforms in the world, you can buy over crypto coins on Binance. The platform accepts users from around the world and has received favourable reviews from the crypto community. Binance offers one of the most competitive rates around. Binance is a great option if you want to buy bitcoin in Nigeria.

You can easily convert your Naira to bitcoin and bitcoin to Naira easily on Binance. With Binance you can buy bitcoin in Nigeria with your debit card or via bank transfer.

Quidax is a safe cryptocurrency trading platform you can use to buy bitcoin in Nigeria. You can also buy Ethereum, Ripple, Litecoin, and other cryptocurrencies with Quidax. Quidax is one of the latest cryptocurrency exchanges in Africa. You can securely buy bitcoin in Nigeria with Quidax. You can also withdraw easily with Quidax. NairaEx might be the biggest local bitcoin exchange platform from Nigeria. NairaEx is a secure and reliable bitcoin exchange for Nigerians who want to buy bitcoin in Nigeria.

With Nairaex, you can easily create buy and sell orders for Bitcoin quickly. All fees are included in the rate. All cryptocurrency assets on Nairaex are stored securely offline with a leading wallet custodian according to the company. Blockvila is a cryptocurrency trading and exchange company that provides both P2P peer to peer and P2B Peer to business cryptocurrency services in Nigeria and Africa.

With this crypto company, you can buy and sell Bitcoin, Ethereum, USDT, and other cryptocurrencies with other traders or with Blockvila itself. BlockVila was formerly known as Ngexchanger; an e-currency exchanger for buying, selling, and exchanging e-currency. But the company has since grown into a crypto marketplace where anyone can buy, sell, store and swap cryptocurrencies with other individual traders.

Kraken is one of the biggest cryptocurrency exchanges in the world with millions of active users. Kraken is considered one of the safest bitcoin exchanges you can use to buy bitcoin in Nigeria.

Kraken provides cryptography-verified proof of reserve audits. These audits verify the total amount of cryptocurrency held by Kraken. Kraken offers cryptocurrency to fiat trading and provides price information to Bloomberg Terminal. Kraken is well-capitalized and very safe to use to buy bitcoin in Nigeria. Buycoins is one of the best cryptocurrency exchanges to buy bitcoin in Nigeria.

Buycoins is based in Lagos, Nigeria. You can buy bitcoin in Nigeria directly from Buycoins or via Peer-to-peer that has a secure and fast escrow settlement system. One thing that makes Buycoins a great platform to buy bitcoin in Nigeria is its Zero-fees policy.

Whether you buy bitcoin or any cryptocurrency directly from Buycoins or via its P2P system, you will pay no transaction fee. NGNT is a new stable cryptocurrency. Unlike other coins that may change their value in relation to the Naira, NGNT will always have a value equal to the Naira. LocalBitcoins is a decentralized cryptocurrency exchange that facilitates P2P bitcoin sales.

LocalBitcoins allows users to communicate with prospective buyers and sellers, confirm all the transaction details before finalizing any trade of crypto.

Thousands of Nigerians use LocalBitcoins for buying and selling Bitcoin. All you have to do to buy bitcoin in Nigeria with LocalBitcoins is browse the platform for bitcoin trade advertisements in your location and pick one with the payment option you prefer. Nigerian bitcoin traders on LocalBitcoins usually prefer bank transfer as their payment option.

LocalBitcoins uses an escrow method of payment to ensure that both buyers and sellers do not get scammed in a transaction. It is also recommended that you look out for a review of the person you want to buy from. Your email address will not be published. In this Article. Share on Facebook Share on twitter. Continue Reading Previous post. Next post. Related Posts. Cryptocurrency Reviews. October 23, October 6, Cryptocurrency P2P.

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Everything You Need to Know About eNaira

More cryptocurrency trading goes on in Nigeria than almost anywhere else in the world, reflecting a loss of faith in more traditional forms of investment, as Ijeoma Ndukwe reports. Tola Fadugbagbe recalls moving to Lagos from his small south-western town 10 years ago with dreams of brighter prospects. Instead, the year-old ended up in a series of odd jobs earning the minimum wage to survive - a typical story for many young Nigerians who are just trying to get by. It was not until that online adverts for Bitcoin piqued his interest and he began his cryptocurrency journey. I have a farm - a very big one - courtesy of cryptocurrency," he laughs gleefully, unencumbered by concerns that he could be inflating an investment bubble that will one day burst. It's a big opportunity. Success stories like Mr Fadugbagbe's have attracted millions of Nigerians to digital currencies such as Bitcoin.

The current realities of the Nigerian economy are not encouraging. The value of the naira continues to struggle against the dollar.

Nigeria follows China’s footsteps in piloting digital currency

Caught in between the web of ascertaining where to invest your money? The time to invest is now, however, it is important to carry out critical investment analysis. With a variety of investment opportunities in Nigeria, you are just one step from growing more wealth. What are some investment opportunities to look out for in Nigeria? Check them out below:. Basically, it is almost impossible to discuss investment opportunities in Nigeria without referring to bank wavings. Potentially, each bank has a savings or investment platform open to its customers to encourage reliability. Therefore, if you are looking to grow wealth, you might consider bank investments.

Top Nigerian-based crypto exchanges for buying and selling cryptocurrency

best crypto to invest in nigeria

The online global survey conducted by leading crypto company Luno found that cryptocurrency investors in Nigeria, Kenya, and South Africa are financially savvy and invest for sensible and long-term goals. Thanks for signing up for our daily insight on the African economy. We bring you daily editor picks from the best Business Insider news content so you can stay updated on the latest topics and conversations on the African market, leaders, careers and lifestyle. Also join us across all of our other channels - we love to be connected!

Cryptocurrency has become very popular among millennials since it became mainstream.

The best Cryptocurrencies to invest and make money (2022)

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Best Cryptocurrency to Invest in 2022 for Long-term Investments

While cryptocurrency assets shrank in and from their December peak, the crypto market roared back to new highs through , and are now worth many times more than what they were at the previous peak; although the beginning of has seen a bit of a pullback. There is still a great deal of interest in this space as the market continues to see innovation. The primary appeal to the digital currency is its integration with the Ethereum Network. With the Ethereum Network offering vast opportunities for development, ETH is an investment that many see as more promising than Bitcoin. Ethereum is also backed by multiple Fortune companies and is being used by multiple financial institutions. For all of these reasons and more, many investors are rapidly adding ETH to their portfolios.

Wahed is an online ethical investment platform and the world's first global robo advisor. Our aim is to make investing accessible globally through a $

How to buy Cryptocurrencies in Nigeria in 2022

Rotimi Ogunwede speaks about the cryptocurrency market, the effect of the ban in Nigeria as well as the success of e-Naira. Nosa Alekhuogie presents the excerpts:. Tell us a bit about Patricia Technologies.

India has highest number of crypto owners in the world at 10.07 crore: report

Despite the fact that the cryptocurrency market is relatively new, during these last 11 years, various professions have been generated around this sector. One of these most exciting professions is trading cryptocurrencies. One of the most important movements is focused on the good choice of crypto assets so that they can bring better rewards in the short, medium, or long term. It should be noted that thousands of Nigerians have already made cryptocurrency trading their main profession, obtaining great results. This is usually a relatively individual decision of each professional trader. Not only does the strategic factor play an important role but also the ideological and moral philosophical value of each individual.

When it comes to crypto, different countries have their laws.

There have been speculations in past that the Government may completely ban cryptocurrencies in India. However, several reports recently claimed official sources as saying that the Government may allow trading and investing in cryptocurrencies with certain restrictions. However, the government may ban or put restrictions on trading in crypto and its use as a means of exchange or payments. The decentralized nature of blockchain separates it from other digital currencies that might be under the control of a single entity. However, imposing a complete ban on cryptocurrencies would never be possible. Decentralized exchanges do not come under the ambit of any government or entity. These are driven by communities of developers and crypto enthusiasts.

Interest in cryptocurrency, a form of digital currency, is growing steadily in Africa. Some economists say it is a disruptive innovation that will blossom on the continent. Cryptocurrency is not bound by geography because it is internet based; its transactions are stored in a database called blockchain, which is a group of connected computers that record transactions in a ledger in real time.

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