cryptocurrency is the new craze and ever since the central bank of Nigeria banned crypto there have been more people interested in buying crypto. here today we will list out some apps to buy cryptocurrency in Nigeria. there are new emerging methods that you can use to buy crypto, especially with some apps. all you need to do is to follow the steps that will be spelled out in this article and you can buy any coin of your choice.
A cryptocurrency is a digital cash that is not visible and it is still accepted as a means of exchange for goods and services. it uses a ledger with strong cryptography to secure online transactions. the currencies are unregulated and the speculators at times drive the prices skyward.
there are a lot of apps that can be used to trade cryptocurrency in Nigeria but the only legal way to buy and sell is through peer-to-peer. P2P is a type of exchange where you don’t directly sell or buy crypto from the app but rather, the platform connects buyers and sellers. they modulate the transaction using an escrow system. so far Nigerians have relied on P2P for now until we have newer methods.
Best Apps to Buy Cryptocurrency in Nigeria
Is seen as the best crypto trading app for Global users because it gives strategies and does trading with many eToro users. It is easy to connect. eToro has a positive advantage that allows you to tap into unlimited withdrawal amounts and a stream-lined deposit feature.
When you are been introduce to eToro for the first time, eToro gives you $100,000 to practice trading cryptocurrency in a virtual portfolio so that with it you improve and develop your skill. eToro has more than 30 tools and indicators for increasing or expanding the variety of cryptocurrencies and crypto/crypto pairs.
It is the widely known and used cryptocurrency exchange in the U.S Coinbase is specifically and basically meant for beginners, who intend to buy a little bit of crypto but which in a long time run they will get into the crypto business with an expanded knowledge. As a beginner downloading the coinbase App is the best place to start your crypto journey because with it you can learn and know the distinction between Bitcoin and blockchain.
It also aids beginners to trade cryptocurrencies.
After downloading the app and answering every question asked, it a means of verifying yourself. You can use your bank account or a credit card to buy some of the most popular cryptocurrencies. Giving your time to learn about the coin you want to buy can earn you free cryptocurrencies.
Coinbase is not available in all parts of the world but it’s a good place to start learning crypto from.
When you start up with voyager, you will be offered a free $25 Bitcoin credit for signing up. Voyagar is meant for crypto traders that want to go beyond Bitcoin and litecoin, which means they want to get more serious with their cryptocurrency investment.
If you are interested in going the extra mile in the crypto business then voyager is one of the best apps to use because it is safe and it secures exchange that features a number of unique chart tools. It also you access to more coins more than the beginner’s exchange apps. Voyagar allows you to view charts and buy more than the largest coin on the market. It has the full set of tools that any serious cryptocurrency investor will need and it also has an app meant for beginners.
This app is best known for people who want to invest in lesser-known altcoins. Binance gives more than 50 different cryptocurrencies to trade while Coinbase is behind them with 46. The app is also meant for people who want more advanced charts and also for people who would like to trade altcoins. With your credit or debit card, you can directly buy a number of cryptocurrencies but the exchange most times only allows for U.S dollar deposit through SWIFT. It has a large variety of cryptocurrencies and trading pairs together with lower fees than other commonly used exchanges. there are over 100 trading pairs and it is designed for more advanced users. this is one of the best apps to buy cryptocurrency in Nigeria.
First I will you to first know that when you are paying for fees using Bitcoin, the cost to trade one Bitcoin is 0.10% on the maker side and 0.70% on the taker side. While when paying the fees in BSQ, the fees to trade one Bitcoin is 0.05% on the maker side and 0.35% on the taker side. Bisq has 30 different payment options, and Zelle is part of it, it is a Decentralized (non-KYC platform) and a mobile app for both Android and iOS.
Transacting with Bisq can be slow but it depends on the payment method you want to use, and it is not designed for active trading. Bisq is very easy to access with a computer or smartphone as there is no registration process or know Your Customer (KYC). It also offers trading of several different fiat currencies including USD as well as Bitcoin and a number of other cryptocurrencies.
Robinhood is not that common in all the states as such they only make use of Bitcoin and Ethereum, but plans are in the process to expand it. The Platform also offers free crypto trades on their platform and just by opening an account, you are entitled to a free share of stock. the platform is similar to stock trading and it is best known as a commission-free stockbroker but you can trade Bitcoin with no commission as well.
Robinhood is totally a distinct account that you use alongside your Robinhood stock investment account. The Platform supports a fairly short list of currencies, but that could be fine for many Bitcoin buyers. Robinhood does not support a shortlist of currencies and it has no option to withdraw Bitcoin to a crypto wallet.
It a cryptocurrency investment platform that allows one to lend and earn interest on your holdings. Blockfi guarantees you not to sell your coin and tokens if you like, and you can borrow against your holdings. By just holding your tokens, it can earn interest for you and when you make a $25 deposit you will get up to a $250 bonus and you maintain it for the specified period of time.
If you have a lot of cryptocurrencies and want to do more with them without selling them, Blockfi is good for that. If you want to unlock your Bitcoin without selling it, you can also use existing Bitcoin as collateral for a loan but the interest rate will be with 3% to 9.3% and the required 2% original fees.
Coinmama is part of the best and fast app you will like to use for your crypto business. It features fast account setup and verification, immediately you log in to your account, you can buy Bitcoin instantly using any means of payment provided, though as usual since its operation is fast it will surely have a high price tag.
Credit or Debit cards are what you can use to buy one of ten different currencies easily. When orders are placed using coinmama, the funds are instantly verified with your connected card by coinmama, and the cryptocurrency you chose is deposited into your crypto wallet. Hopefully, they will also add U.S-based ACH payment as a means of funding, though the nature of electronic transfers in the U.S would not allow for that instant purchases with these funders.
It an online platform that helps you to buy Bitcoin, Ethereum, XRP, and litecoin.
People love luno because it supports local payment methods. Investing in luno is very easy, you just log in to your account, select how you want to buy and the amount, and make sure you have enough local currency in you your wallet. LUNO API makes it easy for you to integrate into the exchange platform which allows you to programmatically manage your account, make a trade, and retrieve market data. Luno helps you to store 95% of crypto in a deep freeze multi-signature wallet protected by many layers of encryption.
Quidax is an online trading platform use as a digital exchange that allows users to seamlessly buy and sell cryptocurrency with their local currency. It is the most popular Nigerian cryptocurrency exchange with a good track record. Quidax has its own API that supports third-party integration for automated trading.
Quidax supports the following cryptocurrencies: Bitcoin, Ethereum, Ripple, Litecoin, Dash, Tether, Tron. And its payment methods are Bank deposit, Cash deposit, USSD deposit, and Bank transfer.
It is a trusted and reliable exchange App and it is superb and safe to use
What Is Crypto Currency Mining
Cryptocurrency mining is seen as the process in which transactions between users are verified and added to the blockchain public ledger. Bitcoin is the most popular and well-established example of a mineable cryptocurrency, but it is worth noting that not all cryptocurrencies are mineable.
What is the Best App to Buy cryptocurrency?
in my opinion, the best app to buy cryptocurrency in Nigeria is Binance because it has a tab that can be used for peer-to-peer trading (P2P). although the cryptocurrencies you can buy are limited you can still buy and exchange with the dozens of crypto coins on the platform.
when it comes to apps to buy cryptocurrencies in Nigeria then we listed the best ones in this article. crypto looks difficult to trade right now because your bank account will be blocked if they trace you. but I tell you that a lot of people are still making money from trading crypto. incase we missed your favorite app make sure you list it in the comments below.